Balance forecast

Balance forecast can be applied to any eligible HSBC current account. An eligible account is any account that you pay Direct Debits and / or standing orders from.

You can set up Balance forecast on joint accounts. However, if you amend or hide any bills on the joint account, any other parties also using Balance forecast for that account won’t be able to see the changes you’ve made. The same applies to you if they change any bills on their side. This means you will see differing Balance forecast amounts on each of your apps. Once any bill is paid, it will update to the actual paid amount, regardless of any amends you or other parties to the account have made.

Once a month, on the date you’ve chosen, Balance forecast resets. From this date, all your bills are once again shown as upcoming. They only become marked as 'Paid Bills' as they get paid. Ideally, this cycle will be based on your payday, if you have one. On the day your cycle resets, all bills start to be subtracted from Balance forecast until they’re all paid at the end of the month.

You can change the monthly cycle start date within the Balance forecast screen. Simply select the three dots in the top left-hand corner of the Balance forecast screen and then select 'Change cycle reset date'. You can now pick a new cycle reset date.

Don't worry if you don't get paid monthly or have a regular pay day. Simply select any date in the month that suits you.

Note: Some months have fewer days than others, so your Balance forecast will be reset on the last day of the month if it ends before your selected date.

Your monthly bills are subtracted from your balance each month, rather than from a single income transaction. This means any income you earn, or any credits coming into your account, will be included in the Balance forecast calculation. The Balance forecast calculation will update as these amounts are received.

You can amend or hide an upcoming bill by tapping on it in the bills calendar. Your Balance forecast is based on your bills payments from the month before, so we recommend you update any bills you know will change to keep your Balance forecast as accurate as possible.

Hiding a bill does not cancel the actual payment. You’ll need to arrange this in the usual way.

Please note: You’ll need to unhide the bill for it to re-appear and be used as part of your Balance forecast calculation in future. Simply select the hidden bill and then 'Include' for this bill to be included in your Balance forecast again.

Based on your regular standing orders and Direct Debits, we estimate what you'll owe next month. There are some updates that may affect the calculation:

• if you've recently created or cancelled a Direct Debit or standing order, this won't be reflected in your Balance forecast until the following monthly cycle
• existing Direct Debits and standing orders will reflect the amount you’ve paid last month until the actual bill is paid. The correct amount will then be updated by Balance forecast. We recommend updating any bills to the correct amount if you know they’re going to be different to the previous month