Current Accounts Details Page

To apply for this current account

Go to the HSBC website

Go to site

Phone

Representative Example:

If you use an overdraft of £1,200 on an HSBC Advance Bank Account, the overdraft rate HSBC will charge is 17.9% EAR (variable). If you switch to the HSBC Advance Bank Account using the Current Account Switch Service, your rate will be 0% for the first 6 months.

EAR is Effective Annual Rate. This takes account of the interest rate and how often interest is charged,and does not include any other fees or charges

Is this account right for you?

To open this account

  • You must be aged 18 years or over
  • You must pay in at least £1,750 or more each month (or a minimum of £10,500 every six months) into the account, not including money transferred from other sole or joint personal accounts held with HSBC Bank

Account features

Account benefits

As a reward for banking with HSBC, they will offer you preferential rates and terms across a wide range of HSBC products and services. Refer to provider for full details.

Considerations

Great for
Get £150 & a 6 month interest and fee free overdraft, when you start a full switch, with 2 direct debits or standing orders, to the HSBC Advance Bank Account
Receive a further payment of £50 after 12 months when you register for Mobile or Online Banking within 60 days of account opening
Minimum overdraft offer of £1,000 at account opening.
But be aware that
HSBC Advance Bank Account requires minimum monthly funding of £1,750
You must continue to meet account eligibility criteria in order to receive the further payment.
£1,000 overdraft offer subject to status and meeting HSBCs proof of UK address requirements.

Interest rates

Balance Introductory Rate Follow on rate Gross AER*
Any balance 0.00%
  • Any interest you earn will be tax-free up to your annual personal savings allowance.

Overdraft Rates and Charges

Overdraft buffer Amount Planned/Authorised Overdraft Rate (EAR) Unplanned/Unauthorised Overdraft Rate (EAR)
17.90% 17.90%
Other Overdraft Charges Fee/Rate Notes
Unplanned Overdraft Fee £5.00 / Daily This fee will not be charged if the informal overdraft is £10 or less; your account has been in informal overdraft for more than 30 consecutive days; covering funds are paid in before the end of the day. You will not be charged more than £80 in daily informal overdraft usage fees in a charging month; or; more in daily informal overdraft usage fees than the maximum amount your account has been in informal overdraft during a charging month; or; daily informal overdraft usage fees if your account is in informal overdraft because an overdraft charge or interest has been deducted

Other Fees

Fee Notes
Foreign Exchange Rate 2.75% / per item

Operating and accessing your account

Operating your Account Making Withdrawals
Online -
Phone -
Branch
Post -
Post Office
SMS -
Mobile App -
ATM

Mobile App Features

Make transfers between accounts -
Check balances -
Make transfers to other people -
View transaction history -
View direct debits/standing orders -
Apply for new products -
Use app on multiple devices -
Branch finder -
Pay bills -
Setup payments, standing orders, or direct debits -
Make payments -
View mini statements -
Make payments to other people -
Use multiple devices -

Mobile App features may be limited. Please refer to providers site for more information.

Other details

  • This account has a Visa Debit card.
  • The currency for this account is Pound.

To apply for this current account

Go to the HSBC website

Go to site

Phone

Representative Example:

If you use an overdraft of £1,200 on an HSBC Advance Bank Account, the overdraft rate HSBC will charge is 17.9% EAR (variable). If you switch to the HSBC Advance Bank Account using the Current Account Switch Service, your rate will be 0% for the first 6 months.

EAR is Effective Annual Rate. This takes account of the interest rate and how often interest is charged,and does not include any other fees or charges

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