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Student Bank Account

For students and apprentices
Students studying outdoor
prime student

£80 Amazon.co.uk Gift Card and 12 months of Prime Student when you open an HSBC Student Account1. T&Cs apply.



student bank account
Current Accounts

HSBC Student Bank Account

For students and apprentices, helping you with your finances:
  • £80 Amazon.co.uk Gift Card and 12 months of Prime Student when you open an HSBC Student Account before 31 December 20181
  • Guaranteed £1000 interest-free overdraft2 offer on account opening with the option to increase your overdraft as your studies progress3

     

    Representative example (assumed overdraft £1,000): 0% EAR variable.

  • Get a £20 Amazon.co.uk Gift Card when you take out a Student Credit Card.  Up to £500 credit available, subject to status and account.  T&Cs apply.
  • HSBC Regular Saver with a great interest rate of 3% AER/gross up to £3000 fixed for 12 months5
  • Free stuff, discounts, tickets and competitions to help your money go further6
  • See your accounts from different banks together in one place with our Connected Money app7

If you are 18+, UK resident and have accepted a place on a qualifying course you can apply online.

 

If you are an apprentice, please book an appointment in branch and bring proof of your confirmed apprenticeship to your appointment.

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Support for you while you're studying

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Guaranteed £1000 interest-free overdraft offer

With an HSBC Student Account you get a guaranteed £1000  interest free overdraft2 offer with the opportunity to increase this as your studies progress3.

 

Representative example (assumed overdraft £1,000): 0% EAR variable.

 

Peace of mind by allowing you to make payments when you have run out of money in your account.

Group of friends outdoor
 

If you’re 18 or over, you can apply for a Student Credit Card. This could be handy in case of unexpected expenses and could help you build a good credit history over time, as long as you make your payments on time and stay under the credit limit.
 

Credit is subject to status, affordability and applicable terms and conditions. 
 

You’ll also get a £20 Amazon.co.uk Gift Card* when you take out a Student Credit Card by 15th October 2018 and spend £50 in the first 30 days. Representative 18.9% APR (variable). T&Cs apply.

Cheerful students in the park
 

While you concentrate on your studies, let us help take care of your possessions (subject to limitations and exclusions)

 

With 4 levels of cover to choose from, and up to £250 per incident for accidental damage claims, we can tailor a policy to suit your needs subject to Policy T&Cs

 

Apply for a new policy before the 15th October 2018 and you’ll receive a £10 Amazon.co.uk Gift Card. Offer T&C’s apply 8

Couple laughing outdoor
 

Put money aside each month and watch your balance grow with an HSBC Regular Saver. 

 

Save up to £3,000 at a great interest rate of 3% AER that's fixed for 12 months5

 

You can start your account by saving just £25 per month by standing order from your HSBC current account.

*Restrictions apply, see www.amazon.co.uk/gc-legal

  Disclaimer for Amazon.co.uk Gift Card

How HSBC Student Bank Account can help you

1Amazon Gift Card and Prime Student

Offer available to students or apprentices in their first year of a qualifying course and who fully open an HSBC Student Account by 31 December 2018. Account subject to status, you must be UK resident and 18+. Terms and conditions apply. Amazon.co.uk is not a sponsor of this promotion. Amazon.co.uk Gift Cards (“GCs”) may be redeemed on the Amazon.co.uk website towards the purchase of eligible products available on www.amazon. co.uk. GCs cannot be reloaded, resold, transferred for value, redeemed for cash or applied to any other account. Amazon.co.uk is not responsible if a GC is lost, stolen, destroyed or used without permission. See www.amazon. co.uk/gc-legal for complete terms and conditions. GCs are issued by Amazon EU S.à r.l. All Amazon ®, ™ & © are IP of Amazon.com, Inc. or its affiliates.

2,3Interest-free overdraft

We offer you a guaranteed interest-free overdraft of £1,000 when you open your account. You can request an increase of up to £2,000 in year two and £3,000 in year 3, subject to status and account conduct. 

Representative example (assumed overdraft £1,000): 0% EAR variable.

Please note, applicants for overdrafts must be 18 or over. If you try to make a withdrawal at any HSBC cash machine that would take you over your overdraft limit, you'll get an on-screen alert to let you know how much money you have available to withdraw.

In year 4+,  on completing your course you will move onto our Graduate account. You may be eligible for an overdraft facility, of which £1,500 will be interest-free during your first year and £1,000 in your second year after graduation (subject to status and account conduct). Additional overdraft agreed above your interest free entitlement will be charged at 19.9% EAR variable.

Representative examples (Assumed overdraft £1,200):

1st year graduate: Up to £1,500 - 0% EAR (variable). Anything above £1,500 - 19.9% EAR (variable)

2nd year graduate: Up to £1,000 - 0% EAR (variable). Anything above £1,000 - 19.9% EAR (variable)

You can also sign up to receive text alerts when your account balance drops below a certain amount. To set up a text alert, call us on 03457 404 404. Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). Calls may be recorded.

4Student Credit Card

If you're 18 or over, you can apply for a Student Credit Card with a credit limit of up to £500. Handy for emergencies, it's available subject to status and account conduct.

5Regular Saver

The fixed preferential rate of 3% AER/gross over 12 months is available to HSBC Student Account customers. With Regular Saver, you save money over a 12-month fixed period. Partial withdrawals are not permitted. If you close your account early, you'll receive interest at our Flexible Saver rate. 

Save between £25 and £250 per month by standing order 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. You can only hold one Regular Saver Account at any given time.

At the end of 12 months we'll transfer your account balance into your Instant Access Savings, Flexible Saver or Premier Savings. If you have more than one of these accounts we'll pay your savings into the account which pays the best interest. And if you don't have any of these accounts, we'll convert your Regular Saver to a Flexible Saver.  Please note that the money will only be moved into accounts that have exactly the same sole or joint names as the Regular Saver account

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year. Gross is the interest rate you’ll receive before applicable tax is deducted from your account.

If you save £250 every month for 12 months and qualify for the 3% interest rate, you'll earn approximately £48.95 interest (gross)

6Student exclusives

Let us give you a bit of help with freebies, tickets, competitions and vouchers to help you make your money go that bit further.

More details at www.studentexclusives.hsbc.co.uk

7Connected Money

For HSBC UK customers only with Online Banking & iPhone, iOS 10 or above. T&C’s apply. iPhone is a trademark of Apple Inc. registered in the U.S and other countries.

8 Amazon Gift Card and Student Insurance

You’ll receive an Amazon.co.uk Gift Card if you take out a new HSBC Student Insurance policy between the 15th August 2018 and 15th October 2018 inclusive.

Your £10 Amazon.co.uk Gift Card will be sent directly to the email address you provided when you purchased your Student Insurance Policy within 21 days of your policy start date.

If you have not received your Amazon.co.uk Gift Card within 21 days of your policy start date, please call 01565 656749 or email studentinsurance@insurancerewards.hsbc.co.uk.

Your Amazon.co.uk Gift Card will be valid for 10 years from the day of issuance.

Only one £10 Amazon.co.uk Gift Card is available per HSBC Student Insurance policy. 

No cash alternative.

Amazon.co.uk Gift Cards are available to new customers only. Gift Cards are not available to customers amending or renewing their existing HSBC Student Insurance policy. 

HSBC can remove or vary this offer at any time and without prior notice. 

Please keep a copy of these terms and conditions for future reference.

The promoter of this offer is HSBC UK Bank plc. This offer is being administered and managed on behalf of HSBC by MLP ,The Cow Shed, Walnut Tree Farm, Lower Stretton, Cheshire WA4 4PG.

*Restrictions apply, see amazon.co.uk/gc-legal

Apply for HSBC Student Bank Account

Apply online

If you are 18+, UK resident and have accepted a place on a qualifying course you can apply online.

If you are an apprentice, please book an appointment in branch and bring proof of your confirmed apprenticeship to your appointment.

Things you should know

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