Premier Bank Account

Thinking about opening an HSBC Premier Account? You must meet the following:

• Age: You're 18 years or older
• Documentation: You can provide us with certified proof of your identity and address and 1 month's bank statements from your current bank (translated into English if appropriate)
• Residency: You're a UK resident for the purposes of lending, savings, wealth products, travel insurance benefits, Cancer Bereavement Cover and preferential rates. This is subject to status and meeting HSBC's proof of UK address requirement
• Income, savings or investment criteria: If you're a new customer qualifying through savings, investments, or annual income, you've got six months to meet the criteria. If you're an existing customer, make sure you meet the criteria before upgrading to Premier. For joint accounts qualifying via income, at least one person must have an individual annual income of £100,000 or more

For eligibility purposes, HSBC in the UK excludes M&S, first direct and HSBC Expat, and includes Jersey, Guernsey or Isle of Man for Channel Islands or Isle of Man.

You're eligible for cover if you are:

• Under 70 years of age when your trip starts - but when you reach 70 you'll no longer be covered by HSBC Premier Travel Insurance
• Resident in the UK (not including Channel Islands or Isle of Man)
• Registered with a doctor in the UK, Channel Islands or Isle of Man and liable to pay local taxes
• Going to start and finish your trip in the UK, Channel Islands or Isle of Man

Dependent children aged under 23 at the start of the trip will only be covered when travelling with the account holder or their domestic partner, or whilst travelling abroad on their own to visit and stay with close relatives for the duration of the trip.

There's no cover for undiagnosed symptoms or any claim where you knew at the time of opening your HSBC Premier Bank Account, or booking your trip (whichever is later), that you or your travelling companion may be unable to travel or may need to come home early, for example for an illness of a close relative or travel companion. You must also declare any serious illness, injury or disease suffered by anyone whose health may cause you to cancel or abandon your travel plans, such as a close relative or travelling companion.

Pre-existing conditions are not covered at any time under the policy unless listed on the accepted conditions list, or were disclosed to and accepted in writing by the HSBC Medical Risk Assessment Helpline on 0800 051 7457.

You may be able to get cover for these from a specialist insurer. MoneyHelper has a list of these insurers. Check MoneyHelper's travel directory or call 0800 138 7777.

For full details, please refer to our travel insurance policy document.

Travel insurance is applied for separately and you will not be covered until we have notified you.

* This is an unlimited benefit, you can make as many appointments as you need throughout the year. 

** Figures provided by Aviva and are correct as of March 2026. Value is based on a family of four (2 adults aged between 40 and 50 years old and 2 children aged under 23 years old) for an annual Aviva policy.

If you're new to HSBC and live in the UK, you can visit us in branch or apply for a sole account online.

Before proceeding with your online application, please read the following information.

An arranged overdraft lets you borrow money (up to an agreed limit) if there’s no money left in your account. If a payment would take you over your arranged limit (or if you don’t have one), we may let you borrow using an unarranged overdraft. It's possible that payments you try to make using an unarranged overdraft may be declined.

You can apply for an arranged overdraft when you open your account (unless you apply via the HSBC Mobile Banking app), or at any time later. You can ask to increase, remove or reduce your limit at any time in the HSBC Mobile Banking App, by phone or in branch. Your new limit can't be less than what you owe.

We report account activity, including overdraft usage, to credit reference agencies. An unarranged overdraft lasting more than 30 days could have a negative impact on your credit rating.

Overdrafts are designed for short-term borrowing only and are subject to status.

If we’ve got your mobile number we’ll send you an SMS text alert if you’ve gone overdrawn, or we know you’re about to. These alerts help you manage your overdraft usage to avoid being charged interest. You can opt out of overdraft text alerts by phone or in branch – but note you’ll be opting out of alerts for all your current accounts with us. If you opt out or we don’t have an up-to-date number for you, you may end up paying interest you could have avoided.

The first £500 is interest-free. Anything you borrow above that, but within your arranged or unarranged overdraft limit, will be charged interest at 39.9% EAR (variable)[@ear-explanation].

The monthly cap on unarranged overdraft charges for the HSBC Premier Account is £20. Further details can be found online at our Overdrafts page.

Representative example: 0% EAR (variable) on the first £500, 39.9% EAR (variable) on anything above that, giving a representative annual percentage rate (APR) of 21.8% APR (variable)[@apr-explanation]. Based on an arranged overdraft of £1,200.

How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.

To find out more, visit our Overdrafts page, where you can find out if you’re eligible for an arranged overdraft and use our overdraft cost calculator.

You may not be eligible for some account features if you remain resident outside the UK.

If you live outside the UK, check the options available to you via our international services page.