HSBC Online Banking activation
We're currently making improvements to our Online Banking service.
If you registered for Online Banking prior to the 17th December 2014 it's not possible for you to activate your existing Secure Key and you will need to re-start your registration.
If you registered for Online Banking after this date, please log on to Online Banking entering your username, memorable answer and your password, from here you will be prompted to activate your Secure Key.
We apologise for any inconvenience which this delay may cause. Once you are registered, we look forward to introducing you to Online Banking, including the exciting enhancements we're working on now.
Key product information
How it works
Open MySavings with just £10. Anyone aged 7 to 17 can open an account, although if you're under 16 you'll need your parent/guardian with you.
MySavings comes with a Cash Book. You can use it to pay in and take money out at any HSBC branch. If you are under 11 and want to take out over £50 (or move it to another account) you'll need your parent or guardian's permission, and their signature.
You'll receive a statement every 6 months. This shows you the amount in your account, what you've put in and taken out, and any interest you get.
On your 11th birthday we'll also open a current account for you, called MyAccount This comes with a HSBC Visa debit card, which you can use in shops, online, at cash machines or wherever you see the Visa logo. Both of these accounts form a package we have called MyMoney.
When you reach the age of 18 we will transfer your MyAccount to our Bank Account (or equivalent account if the Bank Account is no longer on sale when you reach 18, or an alternative account if we consider that another one of our accounts would be more beneficial to you).
|Account name||MySavings/HSBC Premier MySavings|
|What is the interest rate?||
Interest is calculated daily and credited to the account monthly.
Balances up to £3,000 will earn the higher rate of interest. Only the part of the balance above £3,000 will earn the lower rate of interest.
|Can HSBC change the interest rate?||
Can HSBC change the interest rate?
Yes, we can change the interest rate on this account in line with clause 28 of the MyMoney and HSBC Premier Family Savings Terms and Conditions:
|What would the estimated balance be after 12 months based on a range of deposits?||
For the purpose of these calculations, it is assumed:-
Projection provided for illustrative purposes only and does not take into account individual circumstances.
|How do I open & manage my account?||
How do I open & manage my account?
How to open the account:
How to manage the account
|Can I withdraw money?||
Can I withdraw money?
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like.
MySavings comes with a Cash Book. You can use it to pay in and take money out at any HSBC branch. If you are under 11 years and want to take out over £50 (or move it to another account) you'll need your parent or guardian's permission, and their signature
A 14 day cancellation period applies to this account.
We do not deduct tax from any interest paid to you.
Tax benefits depend on individual circumstances and could change in the future.
Rates correct as at 25.10.16
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