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HSBC Advance Bank Account

Easy everyday banking, plus added benefits and rewards

Get more from your current account

With our HSBC Advance Account, you get everything you need for everyday banking and much more. Like money-saving offers. Access to the best savings rate we offer. And no monthly account fee.

  • To apply, you'll need to be 18+, live in the UK or EU and qualify for an optional arranged overdraft of at least £1,000.

HSBC Advance Account Debit Card image and Current Account Switch Guarantee logo

Here's what you get with your Advance Account

Freedom to bank the way you want

Bank online, by phone, in-branch or with our app. Whichever you prefer, we’ve got you covered.2

Contactless payments

Pay on the go with Apple Pay, Samsung Pay, Google Pay or your contactless Visa debit card. Limits may apply.3

An optional arranged overdraft

You'll get a minimum arranged overdraft offer of £1,000 when you open your account. Learn more.

Get an app you can bank on

If you always carry your phone, you can always carry your bank. Secure, convenient and in your pocket.

  • Check your balance in a flash and send money quickly and easily

  • Pay in cheques just by scanning them with your phone

  • See all your HSBC products in one place, including mortgages and loans

Stay informed and in control

Our smart money tools help you keep an eye on your spending and stay on top of your finances.

  • Get instant notifications when money goes in or out of your account4

  • Budget more easily by seeing how much money you’ll have left after your bills

  • Freeze your card temporarily in our app if you can't find it

Enjoy a little more from your money

You’ve worked hard for your money. When you have an Advance Account, we'll help you make it go further.

  • Start building your savings with our Regular Saver Account, exclusively available to HSBC current account customers

  • Enjoy money off at the likes of Costa Coffee, ASOS and Not On The High Street with our home&Away offers programme

  • Withdraw up to £500 per day from cash machines

  • Emergency cash transfers up to USD10,000 to any HSBC branch worldwide (funds must be available for the amount being transferred)

  • Free international account opening

Things to know before you apply

Ready to apply? Before you do, there are a couple of things you should check you're happy with.

About your optional arranged overdraft

When you open this account, you'll have the option to take out an arranged overdraft.

An arranged overdraft allows you to borrow money (up to an agreed limit) if there’s no money left in your account. This can be useful if you're hit with an unexpected bill, for example.

If a payment would take you past your arranged limit (or if you don’t have one), we may let you borrow using an unarranged overdraft. There's a chance that payments you try to make using an unarranged overdraft may be declined. However, we'll always try to allow essential payments if we can. 

You can apply for an arranged overdraft when you open your account, or at any time later. You can ask to increase, remove or reduce your limit at any time in online or mobile banking, 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.

This account comes with a £25 interest-free buffer. If you go overdrawn by more than that, you'll need to pay interest on the amount you borrow at the rate shown.

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

Overdraft text alerts

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 are designed to help you manage your overdraft usage and avoid being charged interest.

You can opt out of overdraft text alerts by calling us or asking us in-branch – but remember you’ll be opting out for all your current accounts with us. If you opt out or we don’t have an up-to-date number for you, you could end up paying interest you might otherwise have avoided.

What are the overdraft charges for this account?

Representative example: 0% EAR (variable)5 on the first £25, 39.9% EAR (variable) on anything above that, giving a representative annual percentage rate (APR) of 38.9% APR (variable)6. 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.

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

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.

Who can apply?

Apply for your HSBC Advance Account now

Apply online

Apply for your account online in minutes. We’re busier than usual at the moment, so it may take longer to process your application. No need to contact us – we'll be in touch soon.

Apply in branch

It's usually quickest to apply online, but if you're having trouble with your application, we're here to help - just head to our contact us page.

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Our premium current account, with complimentary annual travel insurance and no monthly account fee. Financial and other eligibility criteria apply.

The small print

1. Our mobile banking app is currently available on iPhones and iPads running on iOS 12 or higher and Android devices with an operating system of 5.0 or higher.  

2. Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC. Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd.

3. You'll need to opt in to receive instant notifications. You can do this in our app. This feature is currently being rolled out and may not be available on all devices.

4. EAR stands for effective annual rate. This is how all UK banks must show interest rates on their overdrafts, to make it easier for you to compare one bank’s overdraft with another. Please note that it doesn’t include any fees you might be charged in addition to interest.

5. APR stands for annual percentage rate. This 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 you may have to pay, as well as any interest-free amount.

It's easy to answer your query online. Visit our Help page to find out how.