It can also give you access to online banking and secure banking apps which help you manage your money. In some countries and regions a current account is also known as a transaction account.
Most UK banks require you to be 18 or over, although some will accept applications from people aged 16 and over. If you’re between 7-17 years old you may be able to apply for a children’s bank account.
To open a current account many banks will require you to be a resident in the United Kingdom (UK). Non-UK nationals from outside the European Union (EU) or Switzerland may need to provide a visa or residence permit.
To complete your application, you’ll need to provide a proof of identity and proof of address. Here’s a list of some commonly accepted documents. Keep in mind, each bank may have its own specific requirements.
Proof of identity:
EU identity card
Proof of address:
council tax bill
Some banks will require more than one proof of address. If you're new to the UK, you may not be able to do this. In this case a letter from a university or employer might be acceptable.
Explore more: What documents do you need for an ID check?
You may need to provide proof of your income and be asked about your expenses. If you are, the following should be acceptable:
P60 (statement issued to UK taxpayers at the end of the tax year)
letter from a recognised employer
tax returns (for self-employed)
Many banks will check your credit history before they offer you a current account. To do this, they use information from the three credit reference agencies:
You can check the information these agencies hold on you to make sure it’s up to date.
If you're ready to open an HSBC current account you can apply online straight away.