Existing Customer Overdrafts

Everything you need to know to manage your HSBC overdraft

If you already have an HSBC overdraft, and are struggling to pay it off, there's a range of steps you can take to manage your finances. From calculating what your overdraft will cost, to financial fitness tips, find out how to manage your money with us.

Log on to manage your overdraft

See how much it could cost you to use your account's personal overdraft facility.

Generate your financial fitness score by answering a few quick questions, with no impact on your credit score.

Calculate how long it could take you to repay your overdraft balance using fixed monthly payments.

Take control of your spending with help working out where your money goes, and see if you can start saving more.

Frequent use, value and reliance on an overdraft may cause avoidable charges.

Manage your money more easily with our mobile app.

If you’re deep into your overdraft, here are some steps to start tackling it.

Help with reducing monthly payments to free up more money for you and your family.

Manage your existing overdraft

You can ask to increase, decrease or remove your arranged overdraft in our app or by logging on to online banking. If you hold a Private Banking Account, please contact your Relationship Manager to manage your arranged overdraft.

To use the HSBC UK Mobile Banking app all you need to do is:

Log on to the HSBC UK Mobile Banking app
Select the account you want to change the overdraft limit for
Tap 'More' on the Account information screen
Tap 'Manage arranged overdraft' under 'More' actions and follow on-screen instructions

We’re currently advising customers to manage their overdraft online at the moment, if you can.

If that isn’t possible, please call us on 03456 040 626 or make an appointment to see us in branch.

Our lines are open 08:00 to 20:00 every day except Christmas Day, Boxing Day and New Year's Day.

Find your nearest branch

Scan this QR code to launch or download the HSBC UK Mobile Banking app on your device's app store.

Download the app

Scan the QR code or select 'Get the app' and you'll go straight to the app in your app store.

Get the app

Frequently asked questions

If you’re finding it hard to manage your overdraft or financial situation in general, please get in touch. We'll talk to you about your situation and help you find a solution.

Please use our Live Chat option if it’s available, or you can find our contact details on this page.

You can also get free, impartial advice from a number of independent organisations, including:

Citizens Advice
MoneyHelper
National Debtline (if you’re self-employed)
StepChange Debt Charity

There are different ways to reduce repeated overdraft use. Some examples are:

Review your monthly commitments - this can help you to reduce or remove unnecessary expenditure.
Reduce the number of days each month you use your overdraft - this can make a difference, even if only a few days.
Create a budget that looks at your earning and spending to help you identify where your money is going and where you may want to make changes.
Reducing your overdraft by transferring funds in from any other accounts you may have.
Have a look at other borrowing options that could meet your long-term borrowing needs - this may help to reduce your monthly interest charges.

There are a number of ways you can reduce spending or increase your income. Some examples are:

Reviewing your tax codes. Visit gov.uk/guidance/hmrc-tools-and-calculators to check you're paying the right tax.
Checking you’re receiving all the benefits that you’re entitled to. Visit gov.uk/benefits-calculators.
Checking for any tax credits you might qualify for. Visit gov.uk/tax-credits-calculator.
Reviewing all your borrowing. Ask yourself if you have the right products to meet your needs.

You can also keep a track of your spending through:

our mobile banking app
online banking
overdraft text alerts

We’ll send you a text message when you go into your arranged or unarranged overdraft (including any interest-free overdraft amount on your account). We’ll also text you if you don’t have enough money to make a payment. We’ll do this as long as we have a correct mobile number for you and you haven’t chosen to opt out of the service.

An arranged overdraft is where we agree an overdraft limit with you in advance. You’ll then be able to borrow up to that limit without any issues. You can apply for this kind of overdraft when opening your account, or at any time later.

An unarranged overdraft is when your account goes overdrawn and you don’t have an arranged overdraft, or you go over your arranged limit. We charge interest on both types of overdraft (once you’ve borrowed more than any interest-free buffer).

Using an unarranged overdraft can have a negative impact on your credit rating. We may also decline payments that would involve using an unarranged overdraft. However, in most cases we will try to make your essential payments even if you don’t have enough money in your account.

With both types of overdraft, you'll usually have to pay interest on what you borrow.

Interest payable on an overdraft by account name
Account name	Interest rate on an overdraft	Unarranged overdraft monthly maximum charge
Bank Account	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Bank Account, the rate is 0% EAR (variable) on the first £25, 39.9% EAR (variable) thereafter, giving a representative rate of 38.9% APR (variable).	Monthly maximum charge of £20
Advance Bank Account	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Advance Bank Account, the rate is 0% EAR (variable) on the first £25, 39.9% EAR (variable) thereafter, giving a representative rate of 38.9% APR (variable).	Monthly maximum charge of £20
Graduate Bank Account	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Graduate Bank Account, the rates are: Year 1: 0% EAR (variable) on the first £3,000, 39.9% EAR (variable) thereafter, giving a representative rate of 0% APR (variable) Year 2: 0% EAR (variable) on the first £2,000, 39.9% EAR (variable) thereafter, giving a representative rate of 0% APR (variable).	Monthly maximum charge of £20
Student Bank Account	Representative example: Based on an assumed arranged overdraft of £1,000 for an HSBC Student Bank Account, the rate is 0% EAR (variable), giving a representative rate of 0% APR (variable).	No overdraft charges
HSBC Premier Bank Account	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Premier Bank Account, the rates are 0% EAR (variable) on the first £500, 39.9% EAR (variable) thereafter, giving a representative rate of 21.8% APR (variable).	Monthly maximum charge of £20
HSBC Premier (retained Jade benefits) Account	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Premier (retained Jade benefits) Account, the rates are 0% EAR (variable) on the first £1,000, 39.9% EAR (variable) thereafter, giving a representative rate of 5.8% APR (variable).	Monthly maximum charge of £20
HSBC Private Banking Account	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Private Banking Account, the rates are 0% EAR (variable) on the first £1,000, 8% EAR (variable) thereafter, giving a representative rate of 1.3% APR (variable).	Monthly maximum charge of £10,000

Interest payable on an overdraft by account name
Account name	Bank Account
Interest rate on an overdraft	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Bank Account, the rate is 0% EAR (variable) on the first £25, 39.9% EAR (variable) thereafter, giving a representative rate of 38.9% APR (variable).
Unarranged overdraft monthly maximum charge	Monthly maximum charge of £20

Account name	Advance Bank Account
Interest rate on an overdraft	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Advance Bank Account, the rate is 0% EAR (variable) on the first £25, 39.9% EAR (variable) thereafter, giving a representative rate of 38.9% APR (variable).
Unarranged overdraft monthly maximum charge	Monthly maximum charge of £20

Account name	Graduate Bank Account
Interest rate on an overdraft	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Graduate Bank Account, the rates are: Year 1: 0% EAR (variable) on the first £3,000, 39.9% EAR (variable) thereafter, giving a representative rate of 0% APR (variable) Year 2: 0% EAR (variable) on the first £2,000, 39.9% EAR (variable) thereafter, giving a representative rate of 0% APR (variable).
Unarranged overdraft monthly maximum charge	Monthly maximum charge of £20

Account name	Student Bank Account
Interest rate on an overdraft	Representative example: Based on an assumed arranged overdraft of £1,000 for an HSBC Student Bank Account, the rate is 0% EAR (variable), giving a representative rate of 0% APR (variable).
Unarranged overdraft monthly maximum charge	No overdraft charges

Account name	HSBC Premier Bank Account
Interest rate on an overdraft	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Premier Bank Account, the rates are 0% EAR (variable) on the first £500, 39.9% EAR (variable) thereafter, giving a representative rate of 21.8% APR (variable).
Unarranged overdraft monthly maximum charge	Monthly maximum charge of £20

Account name	HSBC Premier (retained Jade benefits) Account
Interest rate on an overdraft	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Premier (retained Jade benefits) Account, the rates are 0% EAR (variable) on the first £1,000, 39.9% EAR (variable) thereafter, giving a representative rate of 5.8% APR (variable).
Unarranged overdraft monthly maximum charge	Monthly maximum charge of £20

Account name	HSBC Private Banking Account
Interest rate on an overdraft	Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Private Banking Account, the rates are 0% EAR (variable) on the first £1,000, 8% EAR (variable) thereafter, giving a representative rate of 1.3% APR (variable).
Unarranged overdraft monthly maximum charge	Monthly maximum charge of £10,000

EAR (Effective Annual Rate) takes account of the interest rate, the compounding of interest and how often interest is charged. It doesn’t include any other fees or charges.

APR (Annual Percentage Rate) is the rate at which someone who is borrowing money is charged, calculated over a period of 12 months. It takes into account not just the interest, but also any other charges that may have to be paid and any interest-free amount.

Prepare for life's unexpected costs with an arranged overdraft.

Find out how overdrafts work, how you can use them, and things to watch out for.

Concerned about your financial situation? Find out how we could help.

Manage your overdraft

Everything you need to know to manage your HSBC overdraft

Tools to help manage your finances

Other things to help

Manage your existing overdraft

Prefer to manage your overdraft by phone or in branch?

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Frequently asked questions

What should I do if I'm struggling to pay off my overdraft?

What's the best way to reduce repeated use of my overdraft?

Are there any ways to help me manage my finances?

What's the difference between an arranged and an unarranged overdraft?

What interest rate will I pay on an overdraft?

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