Overdraft Service: our overdraft charges | HSBC UK

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Our overdraft charges

The table below gives some examples of our charges when you make payments from your account when you do not have sufficient cleared funds and the payment would take you over any arranged overdraft. We developed these examples with leading consumer groups to help you to think about how changing the way you use your account can affect the amount we may charge you.

 

These examples are meant to show how different actions can result in different charges. They are only examples so you shouldn't see them as actions you might take and charges you might have to pay.

Please note, we may not allow you to use your account in the ways shown below. It is more cost effective if you avoid going over your arranged limit and you should contact us if you need help to manage your account or are struggling with your finances.

For details of all the charges and interest rates for these account(s) click here.

Choose an example below which shows how you might manage your account. If you have recent bank statements, use these to help you choose. Once you have worked out reasons why you might be charged, it could help you to avoid charges in future.

These examples apply if you hold one of the following on sale accounts; HSBC Advance Bank Account, Bank Account and Graduate Bank Account.

These examples also apply to the following off sale accounts; HSBC Advance Graduate Bank Account, Home Management Account and Current Account

Reasons that you might be charged Charge
1 We refuse a payment from your account because there is not enough money in your account and we are not able to agree a covering unarranged overdraft. £0
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn or over your limit for one day during the month. £0
3 A payment from your account takes you into an unarranged overdraft and you then make another payment from the account which we agree an unarranged overdraft to cover.
You have an unarranged overdraft for two days in a row during the month.
£10
4 A payment from your account takes you into an unarranged overdraft, and you then make nine more payments from the account and we agree an unarranged overdraft to cover each of them
You have an unarranged overdraft for 10 days in a row during the month.
£50
5 A payment from your account takes you into an unarranged overdraft for one day.
However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you have an unarranged overdraft for three days in a row. You are in unarranged overdraft for 10 days during the month however you are only charged for 9 days as 1 day is £10 or less.
£45
6 A payment from your account takes you into an unarranged overdraft. You have an unarranged overdraft for 21 days in a row during the month and you make 12 more payments from the account which we agree unarranged overdrafts to cover. We will never charge more than £80 per charging month in Daily unarranged Overdraft Usage Fees. £80

Monthly cap on unarranged overdraft charges (effective from 1 August 2017)

  1. Each current account will set a monthly maximum charge for:
    • going overdrawn when you have not arranged an overdraft; or
    • going over/past your arranged overdraft limit (if you have one).
  2. This cap covers any:
    • interest and fees for going over/past your arranged overdraft limit;
    • fees for each payment your bank allows despite lack of funds; and
    • fees for each payment your bank refuses due to lack of funds.

The introduction of the Monthly Maximum Charge will not affect any charging period that ended prior to 1st August 2017. Any notification of charges that are generated on or after 1st August 2017 will incorporate the new Monthly Maximum Charge cap.

Further details, including the level of the monthly cap applicable to each account, can be found online at www.hsbc.co.uk/1/2/overdrafts/details.

If you make more than one payment on the same day we take this as one overdraft request and only charge one fee.
You cannot apply for an overdraft on Basic Bank Account (or any savings accounts).

There are no overdraft usage fees on Premier Bank Account, Student Bank Accounts or Bank Account Pay Monthly.

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