HSBC Advance Account - Advance Bank Account

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HSBC Advance Bank Account

Get more from your current account

With an Advance Bank Account you get everything you need for everyday banking and lots more. Like money-saving offers. A minimum arranged overdraft offer of £1,000. And no monthly fees.

Plus, to top things off, you’ll also get access to the best savings rate we offer.

To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months.

Switch to us

Get £175 when you switch to an Advance Bank Account using the Current Account Switch Service. Offer is open to new customers applying for the HSBC Advance Bank Account. Eligibility criteria and T&Cs apply.

Eligibility and how to apply

At a glance

Enjoy a host of extras

Get access to money-saving offers, plus a year's free British Cycling Fan membership. T&C apply. ¹
Deal with unexpected expenses

You’ll get an arranged overdraft of at least £1,000 when you open your account – a handy little safety net. ²

Earn 2.75% AER/gross on your savings

Build up your savings pot with our Regular Saver. You can save between £25-£250 each month and earn 2.75% AER/gross.
Get it all for no monthly fee

Unlike with some current accounts, there’s no monthly fee to pay for your Advance Account.

Take a closer look

Rewards, prizes and surprises

As an Advance account holder you’ll have access to exclusive offers. Get discounts on food, travel, shopping and more from some of the UK’s biggest brands.

Easy mobile banking

Controlling your finances is simple with our Mobile Banking app. ⁴ Make payments, pay in cheques with a photo, block or unblock your card. You can do it all in moments.

24/7 customer support

You can call us 24 hours a day, any day of the year, and our customer service team will be happy to help. Alternatively, you can reach us by Live Chat, on social media, or by popping into a branch. ⁵

Things you should know

Overdraft charges

When you open your account you can get an arranged overdraft limit of at least £1,000.

Anything you borrow within your arranged overdraft limit will be charged interest at 17.9% EAR. This is a preferential rate for Advance and Premier customers.

If you borrow more than your arranged overdraft limit you’ll be charged an additional £5 a day for each day you’re overdrawn (up to a maximum of £80 a month). That’s on top of any interest you have to pay.

We provide a number of tools to help you avoid overdraft charges. For example, your account comes with a £10 buffer. This means if you go overdrawn by £10 or less, you won’t pay any overdraft charges or interest at all. We’ll also send you a text alert (if you’ve given us your mobile number) if an upcoming payment is going to make you overdrawn.

Representative example: 17.9% EAR variable (assumed arranged overdraft £1,000).

Charges for using your debit card abroad

If you pay for something or withdraw money using your HSBC Visa debit card while you're outside the UK, you'll need to pay a 'non-sterling transaction fee' of 2.75%. So, for example, if you spent or took out £100, you'd be charged a fee of £2.75.

Any transactions you make will be converted into pound sterling (unless you choose to pay in local currency). To make sure your exchange rate is as competitive as possible, you’ll have to pay the exchange rate set by Visa.

More about using your card abroad

Emergency cash if you need it

Lost or forgotten your card? No problem. You can get up to $10,000 emergency cash sent to any HSBC branch in the UK and abroad. You must have available funds in your account.

Fee-free international transfers

We won’t charge you any fees when you send money between your HSBC accounts anywhere in the world using Global View – available through our online banking.

Global View also makes it easy to check the balances of all your international HSBC accounts in one place online. Simple and convenient.

If you make a transfer that involves a currency exchange, we’ll use the HSBC global transfer exchange rate for it.

Explore HSBC Global View and Global Transfers

Help setting up accounts abroad

If you ever decide to move, study, work or retire abroad, we'll help you get ready for your new adventure.

As an Advance customer you’ll get 50% off the price of opening an account outside the UK. We can also arrange to transfer your HSBC credit history to more than 35 countries – making it easier to get credit abroad.

Please note: credit history transfers are subject to availability.

Overseas account opening

ATM withdrawal limits

You can withdraw up to £500 a day with your Advance contactless Visa debit card.

You may be charged by some ATM operators for withdrawals from their ATMs. You'll always be told of this before you make your withdrawal. You can use any HSBC ATM in the UK free of charge.

Who can apply?

You can apply for an Advance Bank Account if you:

can pay in £1,750 or more each month (or at least £10,500 every 6 months) ⁶
are 18 or older and live in the UK or EU
are happy for us to do a credit check against your name (if you live in the UK)

If you pay tax in any country outside the EU you can't apply online. Instead, please apply by calling us on 08000 326 215 or by visiting your local branch (our lines are open 8am to 10pm every day except Christmas Day, Boxing Day and New Year's Day).

Find a branch

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Already a customer?

If you're already an HSBC customer, you can apply in one of our branches.

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Please make sure you bring some ID and proof of address.

Existing customers

Activate your card

Account all set up? Find out how to activate your card.

Rewards Credit Card

Find out how it works and apply today.

Regular Saver

Open a Regular Saver and earn 2.75% AER/Gross on your money. ⁷

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How to switch current accounts

Switching your account is easy and secure. Find out how it works.

1. This offer is available to all HSBC UK current account customers. One British Cycling Fan Membership per customer, with the ability to upgrade to other membership options for an additional cost. You must activate your membership by 31 December 2019. Terms and conditions apply. Back to 'At a glance'

2. Subject to status and account conduct. Back to 'At a glance'

3. The fixed rate of 2.75% AER/gross over 12 months is available to HSBC Advance customers, who open a new Regular Saver account. Save between £25 and £250 per month by standing order from your HSBC Advance Bank Account for a fixed term of 12 months. If you do not save £250 in any given month you can carry over any unused subscription to following months. Interest is calculated on the daily cleared balance on your 'Regular Saver and we will pay this to your Regular Saver on the anniversary of the date your account was opened. For example, if you saved £250 every month for 12 months a total of £3000 will be paid in to your account during the 12 month term. At 2.75% you would earn approximately £44 interest (gross). Partial withdrawals are not allowed during the 12 month term. If you close your Regular Saver before the anniversary, we will pay interest at the same rate as we would apply to an equivalent amount held in a Flexible Saver. You can only hold one Regular Saver at any given time. AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year. All credit interest will be paid gross. Gross is the rate of interest if interest were paid and not compounded each year. Back to 'At a glance'

4. Our Mobile Banking app is currently available on iPhone devices with an operating system of iOS 10.3 or higher, iPads that are 5th generation or above and Android devices with an operating system of 5.0 or higher. Back to 'Take a closer look'

5. Our telephone, online and mobile banking services are open 24 hours a day subject to scheduled maintenance periods. During busy periods calls may be transferred outside the UK. Textphone is not available in the Channel Islands and Isle of Man. To help us continually improve our service, and in the interests of security, we may monitor and/or record your calls with us. Back to 'Take a closer look'

6. This can't be money you've transferred from another HSBC UK personal account. Back to 'Who can apply ?'

7. Subject to status and account conduct. Back to 'Existing customers'

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HSBC Advance Bank Account