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HSBC Premier Bank Account

Our premium bank account, with no monthly account fee

Have £170 on us when you switch

To claim your bonus, open an HSBC Premier Account and start your switch within 30 days using the Current Account Switch Service. You'll also need to pay in £1,500+ within the first 60 days and switch 2+ Direct Debits or standing orders.

New customers only. T&Cs and other eligibility criteria apply.1

HSBC Premier Debit Card

The account that unlocks a world of opportunity

HSBC Premier is here to help you and your family live a life full of life. Whether you're buying a new home, investing in your future, caring for loved ones – or simply looking to enjoy the benefits of all your hard work.

You’ll need to meet certain financial and other eligibility criteria to apply for an HSBC Premier Bank Account.

Open an account today

It’s quick and easy to apply online.

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At a glance

  • Relax with HSBC Worldwide Travel Insurance

    Enjoy worldwide travel insurance from Aviva for you and your loved ones, including winter sports cover. T&Cs apply.2

  • Enjoy preferential terms on mortgages and savings

    Save money on your mortgage with preferential terms for you, your children and grandchildren. Plus, earn 0.25% AER/tax-free on your savings with a preferential rate on our Loyalty Cash ISA.

  • Stay on top of your global accounts

    If you have HSBC accounts in other countries or regions you can manage them all online, plus you can make fee-free transfers between them in minutes.

  • Spend flexibly with an arranged overdraft

    The first £500 of your arranged overdraft is interest-free, and it’s 39.9% EAR above that. Overdrafts are subject to status.

     

    Representative example: 0% EAR variable on the first £500, 39.9% EAR variable on anything above that, giving a representative rate of 21.8% APR3 variable (assumed arranged overdraft £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.

  • Get it all for no monthly fee

    Experience all the benefits of a premium account without having to pay for the pleasure.

Explore more

Premier credit cards

Discover a world of travel benefits and rewards. As a Premier customer you’ll have exclusive access to a choice of 2 credit cards, both of which give you reward points when you spend, discounted airport lounge access – and more besides.

Representative example: 59.3% APR (variable) representative on an assumed credit limit of £1,200.

Explore Premier credit cards

Benefits for you and your family

Your Premier account offers a range of benefits and features. With over 25 options to select from, you can tailor Premier to suit your needs.

Your family can also access a range of benefits could help them along their own life journey.

Explore family benefits

 

Home & Away - your rewards portal

HSBC current accounts and credit cards allow you to  access worldwide offers and discounts on everything from savings on clothing to exciting days out for the whole family. If you’re also a Premier customer, you can take advantage of extra special discounts too. We’re constantly updating our offers, so keep looking out for our new deals.

Explore Home and Away

Support for you

Our team of experts are there to help you to manage your banking and finances. Our aim is to meet your personal needs so you can make the most of HSBC Premier. You can also get HSBC Premier Financial Advice to help you make the right choices when planning for the future. Fees and eligibility criteria also apply for our financial advice service.

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.

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.

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?

When you open your account, you can apply for an arranged overdraft. 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)4.

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)3. 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.

Who can apply?

HSBC Premier is available to you if you pay your annual income into your HSBC Premier Bank Account and meet one of the following eligibility criteria:

1. Income and product

Have an individual annual income of at least £75,000 and 1 of the following with HSBC UK: a mortgage, an investment, life insurance or a protection product.

2. Savings or investments

Have savings or investments of at least £50,000 with HSBC UK (within 6 months of opening your account if you're new to HSBC, or before you open your account if you're an existing customer).

3. International Premier

Hold and qualify for HSBC Premier in another country or region.

Ready to start?

Please make sure you read the important information in the 'Things you should know' section before applying.

New to HSBC?

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.

If you’d like a joint account, please apply in one of our branches or by phone.

Already an HSBC customer?

If you're already a customer, you can discuss Premier in one of our branches or by calling us on 03457 707 070.

If you're a Premier customer in another country or region, please speak to your Premier Manager or your local branch to apply for an account.

 Our lines are open 09:00 to 18:00, Monday to Saturday.

Existing customers

 

Access your offers. Take a look at what's currently available through your offers platform.

 

Find out how to apply for a new overdraft or manage your current overdraft limit.

 

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

 

Safe and convenient, your HSBC debit card is the ideal travel companion.

You might also be interested in

 

A full life just got even fuller.

 

Earn points when you spend, which you can redeem for air miles, retail vouchers and more.

 

Not sure if a Premier Account is for you? Compare all our current accounts.

1.  Receive £170 when you switch to an HSBC Premier Account using the Current Account Switch Service (including 2+ Direct Debits or standing orders). You'll need to start your switch within 30 days of account opening and pay in at least £1,500 within the first 60 days. To be eligible, you can't have had an HSBC current account or opened a First Direct current account since 1 January 2019. Once you meet all our eligibility criteria we’ll pay £170 into your account within 30 days. Offer may be withdrawn at any time. Terms and conditions and other eligibility criteria apply. Full offer terms and conditions (PDF, 176 KB)

2. Premier Worldwide Travel Insurance is provided by Aviva and is available to Premier account holders. You must be under 70 years of age when the trip begins. Children/grandchildren must be under 18 when the trip begins (or under 23 if in full-time education). See full eligibility criteria

3. 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. Back to 'Charges and overdrafts'

4. EAR means 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. Back to 'Charges and overdrafts'

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