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End of temporary arranged overdraft support

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.

This table shows our overdraft interest rates and interest free buffers applicable if you’re currently receiving temporary support.

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
Year 2: £2,000

19.9% EAR variable

HSBC Premier Account

£500

11.9% EAR variable

HSBC Jade Account

£1,000

9.9% EAR variable

This table shows our overdraft interest rates and interest free buffers applicable if you’re currently receiving temporary support.

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
Year 2: £2,000

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

This table shows our standard arranged overdraft interest rates we charge on our accounts, alongside our interest free buffers.

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
Year 2: £2,000

39.9% EAR variable

HSBC Premier Account

£500

39.9% EAR variable

HSBC Jade Account

£1,000

39.9% EAR variable

This table shows our standard arranged overdraft interest rates we charge on our accounts, alongside our interest free buffers.

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
Year 2: £2,000

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?

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