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HSBC offers a range of current accounts to suit various financial requirements. These include:
A premium account offering exclusive benefits such as worldwide travel insurance, preferential savings rates, access to a dedicated relationship manager, and global account support. To qualify, you must either have an individual annual income of at least £100,000 or have £100,000 in savings and investments with HSBC.
Designed for customers who want access to preferential savings rates through HSBC’s regular saver, a minimum arranged overdraft facility of up to £1,000, and discounts on shopping, dining, travel and experiences. There is no fee for this account.
A simple everyday banking account with no monthly fees. It provides access to mobile and online banking, contactless payments, and optional overdraft facilities.
A no-frills account designed for individuals and bad credit applicants who may not qualify for other current accounts. It has no monthly fees but offers limited features, such as no overdraft facility.
Available for sole traders or single-director shareholder businesses. You can make payments of up to £25,000 per day in-app and there are no monthly account fees for the first 12 months. Overdrafts can easily be applied for in-app and there are cashflow and categorised spending tools to support your accounting. You can also make international payments to over 200 countries and territories.
Aimed at university students, includes an interest-free arranged overdraft of up to £3,000 by year three of your studies. Also gives you retail discounts through the HSBC offers programme and the option to open a regular saver that pays a preferential interest rate. There is also an International Student Bank Account tailored for students coming from abroad to the UK.
A continuation of the Student Bank Account, offering a reducing interest-free overdraft limit over time, decreasing from £3,000 to £1,000 over two years post-graduation. To apply, you'll need to be aged 18 or over and have graduated in the past two years.
A youth account designed for 11 to 17-year-olds, providing access to mobile banking, a contactless debit card, and the ability to set up direct debits and standing orders.
The right HSBC current account for you depends on how you manage your money and what you need from your bank day to day. If you want a simple account for everyday spending, bills and payments, HSBC’s standard Bank Account could be a good place to start. It has no monthly account fee and is designed for everyday banking.
If you’re looking for extra features, HSBC also offers accounts such as Advance and Premier, which may suit customers who meet certain eligibility requirements or want access to additional banking services. HSBC’s Premier offer can include travel and health benefits, but financial eligibility and terms apply, so it’s worth checking the latest conditions before applying.
Students, graduates and younger customers may also find dedicated HSBC accounts that are better suited to their stage of life, including student, international student and young person’s accounts.
The rewards and perks you can get with HSBC depend on the type of current account you have.
You can get discounts on shopping, dining, travel and experiences with HSBC’s Home&Away offers programme. You’ll also have access to the HSBC regular saver account that pays a higher rate of interest.
Access to a range of exclusive services including travel, health cover and wealth management.
Eligibility depends on the HSBC current account you apply for. You’ll usually need to:
HSBC provides different overdraft options based on the type of account you have:
An interest-free overdraft of £500, above which interest charges apply. Other current accounts, with the exception of the basic account, provide a £25 interest-free buffer in case you unwittingly go overdrawn.
Offers the largest interest-free overdrafts of £1,000 in the first year, increasing to £2,000 in the second year and up to £3,000 in the third year, subject to status.
Provides a gradually reducing interest-free overdraft, with limits decreasing over time after graduation.
Yes, HSBC enables new customers to switch their current account from another provider using the Current Account Switch Service (CASS).
The process is simple, free, and completed within seven working days, ensuring all direct debits, standing orders, and payments are transferred seamlessly.
HSBC often provides cash incentives for switching accounts, though these offers may vary throughout the year. Potential applicants should check the latest promotions to see if they qualify for any bonuses when switching.
Whether you are applying for an account for the first time or looking to switch from another provider, opening an HSBC current account is straightforward:
Review HSBC’s account options to determine the best fit for your banking needs.
Ensure you meet the age, income, and residency requirements.
Complete the application through HSBC’s website or visit a branch. You’ll need proof of identity (passport or driving licence) and proof of address (utility bill or bank statement).
Some accounts may require a minimum deposit or regular monthly income.
Once approved, you’ll get your account number and debit card.
Activate HSBC’s digital banking services for easy account management.
Reviewed on 8 Jun 2026 by
Selected providers. SuperSaveClub restrictions and T&Cs apply. Click here for details.
YouGov Survey 1st July 2024 to 30th June 2025. Net Recommend score derived from “Which of the following online service websites would you recommend to a friend or colleague, or tell them to avoid?” Base: Current Customers of (MoneySuperMarket n=18,382, Compare the Market n=16,802, Go.Compare n=10,162, Confused.com n=8,229, Uswitch n=528).
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