We can no longer accept applications for temporary pricing support on arranged overdrafts. The deadline for new applications was 31 October 2020.
If you think coronavirus will continue to impact your financial situation and you’ll be unable to afford our standard interest rates on your overdraft borrowing, let us know as soon as possible, as there may be other ways we can help you. Find out more details.
If you applied for the 3-month temporary support prior to the 31 October 2020 deadline, you’ll receive correspondence from us confirming the dates the support is in place on your account(s). These temporary measures are not a change to your contractual terms, which remain the same.
Towards the end of the 3-month support, we’ll contact you by email or letter to remind you that your extension is coming to an end and that your overdraft pricing will revert to our standard pricing. If you require further support, our correspondence will detail how to access this. Please follow the link provided in your email/letter.
You can use our coronavirus overdraft calculator to work out how much an arranged overdraft could cost you while temporary support is in place.
Account Type |
Interest Free Buffer |
Interest Rate |
Bank Account, Bank Account Pay Monthly, Current Account (off sale) and Advance Bank Account |
£500 |
19.9% EAR variable |
HSBC Graduate Account |
Year 1: £3,000 |
19.9% EAR variable |
HSBC Premier Account |
£500 |
11.9% EAR variable |
HSBC Jade Account |
£1,000 |
9.9% EAR variable |
Account Type |
Bank Account, Bank Account Pay Monthly, Current Account (off sale) and Advance Bank Account |
|---|---|
Interest Free Buffer |
£500 |
Interest Rate |
19.9% EAR variable |
Account Type |
HSBC Graduate Account |
Interest Free Buffer |
Year 1: £3,000 |
Interest Rate |
19.9% EAR variable |
Account Type |
HSBC Premier Account |
Interest Free Buffer |
£500 |
Interest Rate |
11.9% EAR variable |
Account Type |
HSBC Jade Account |
Interest Free Buffer |
£1,000 |
Interest Rate |
9.9% EAR variable |
Account Type |
Interest Free Buffer |
Interest Rate |
Bank Account, Bank Account Pay Monthly, Current Account (off sale) and Advance Bank Account |
£25 |
39.9% EAR variable |
HSBC Student Account |
Any arranged overdraft borrowing |
0% EAR variable |
HSBC Graduate Account |
Year 1: £3,000 |
39.9% EAR variable |
HSBC Premier Account |
£500 |
39.9% EAR variable |
HSBC Jade Account |
£1,000 |
39.9% EAR variable |
Account Type |
Bank Account, Bank Account Pay Monthly, Current Account (off sale) and Advance Bank Account |
|---|---|
Interest Free Buffer |
£25 |
Interest Rate |
39.9% EAR variable |
Account Type |
HSBC Student Account |
Interest Free Buffer |
Any arranged overdraft borrowing |
Interest Rate |
0% EAR variable |
Account Type |
HSBC Graduate Account |
Interest Free Buffer |
Year 1: £3,000 |
Interest Rate |
39.9% EAR variable |
Account Type |
HSBC Premier Account |
Interest Free Buffer |
£500 |
Interest Rate |
39.9% EAR variable |
Account Type |
HSBC Jade Account |
Interest Free Buffer |
£1,000 |
Interest Rate |
39.9% EAR variable |
The monthly cap on unarranged overdraft charges for our accounts is £20.
Is there more help and advice you can get?
Keep visiting our coronavirus hub to stay up to date.
You can also get free independent advice from:
- StepChange Debt Charity: visit the StepChange website or call 0800 138 1111
- Money Advice Service: visit the Money Advice website, its dedicated COVID-19 support page or call 0300 500 5000
- National Debtline: visit the National Debtline website or call 0808 808 4000
- Citizens Advice: visit the Citizens Advice website or call 03 444 111 444
- Financial Conduct Authority: visit its dealing with financial difficulties during coronavirus information page