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Student Bank Account

The current account that's built for student life

Stay on top of your money while you study

Going to uni? Our Student Bank Account helps you boss your budget while you're studying, so you can enjoy student life to the full. With no monthly account fee.

  • To apply, you'll need to be 18+ and have a confirmed place on a qualifying course at a UK university or college. T&Cs and other eligibility criteria apply.

Your money, your future, your way. Have £100 on us

Get £100 when you open a Student Bank Account and make a minimum of 5 qualifying transactions using the HSBC debit card linked to the account within 30 days of account opening.

You must be a new customer and a first-year student. T&Cs and other eligibility criteria apply.

Here's what you'll get with your Student Bank Account

An interest-free arranged overdraft

Get a guaranteed interest-free limit of up to £1,000 in your first year, which could rise to £3,000 by year 3. Learn more.

Easy online and mobile banking

Mange your money with your mobile. You can also bank online, by phone or in-branch.1

Mobile payments

Pay on the go quickly and securely with Apple Pay, Google Pay or Samsung Pay.2

Representative example

0% EAR (variable), representative 0% APR (variable). Based on an arranged overdraft of £1,000.

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.

Bank on the go with our app

Our app makes staying on top of your finances a breeze. Convenient, secure and in your pocket.

  • Check your balance, make payments and chat to us if you need support

  • Pay your friends using just their mobile number with PayM

  • Manage your arranged overdraft and regular payments like standing orders, Direct Debits and subsciptions

Stay in the know and in control

Keep an eye on your spending and make budgeting easier with our smart money tools.

  • Get instant notifications when money goes in or out of your account3

  • See how much you could have left after bills and regular payments with Balance After Bills

  • Freeze and unfreeze your card temporarily if you can't find it

Get a bit more from your money

When you have a student account with HSBC, we'll help you save money in more ways than one.

  • Get discounts at Costa Coffee, ASOS, Boohoo and more with our home&Away offers programme

  • Enjoy access to our full range of savings accounts (including some only available to HSBC current account customers)

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 apply for this account, you'll have the option to apply for 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. 

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 a 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 a 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?

We offer an interest-free arranged overdraft of up to £1,000 when you open this account. You can ask for an increase of up to £2,000 in year 2 and £3,000 in year 3, subject to status and how your account has been used.

Representative example: 0% EAR (variable)4, giving a representative annual percentage rate (APR) of 0% APR (variable)5. Based on an arranged overdraft of £1,000.

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?

You can apply for a Student Bank Account if you:

  • are 18 or over
  • live in the UK and have lived in the UK, Channel Islands or Isle of Man for the past 3 years
  • have proof you've been accepted onto a qualifying course (eg your 16-digit UCAS code)
  • don’t have another student account elsewhere
  • have read the important account documents below

Apply for your Student Bank Account now

If you're a first-year student, you'll need your 16-digit UCAS status code to hand (if you have one).

Don't have a current account with us?

Apply for your account online in minutes.

New to the UK?

If you've been living in the UK, Channel Islands or Isle of Man for less than 3 years, please apply for an HSBC Bank Account for International Students instead.

Already got a current account with us?

Apply online and we'll upgrade your existing account to a Student Account. Any Direct Debits and standing orders you have will still be in place.

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Additional information

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 yet 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.