HSBC

HSBC current accounts

The Hong Kong and Shanghai Banking Corporation, more commonly known as HSBC, is one of the world’s largest banking and financial services organisations. Established in 1865, the bank prides itself on being a local bank that serves international needs. HSBC serves around 38 million customers worldwide, in 67 countries and territories, and offers a range of different financial services and banking options. Their offering includes a range of current accounts to suit different needs.

HSBC Current Accounts Guide

A staple of British banking, HSBC is one of the world’s largest banking and financial services providers. HSBC is a bank that prides itself on dependability, being open to different ideas and cultures and connecting people throughout the world. There are around 38 million customers worldwide.

HSBC’s range of current accounts are designed to suits needs at all levels, throughout all parts of life. For a bank account with added benefits, there are the advance or premier bank accounts. These offer a range of extras, like exclusive discounts, cashback or a low rate credit card (check the full list for each account when you sign up). However, to qualify for these accounts, there are certain financial criteria you must pass to be eligible.

HSBC also have basic banking options, like their standard bank account, which comes with no monthly account fee, available overdraft service and a range of lending options. There’s also the basic bank account, which is aimed at customers who don’t qualify for other accounts perhaps due to bankruptcy or a poor credit history. The basic bank account offers no monthly account fees, 24/7 online or mobile banking and the ability to withdraw up to £300 a day.

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

Customer service rating

Great (42%) Ok (43%) Poor (15%)

Customer service ratings provided by users of

  • Mobile App
  • Online Banking
  • Online Fraud
  • Overdraft Facility
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.
Exclusive

ONLY AVAILABLE VIA MONEYSUPERMARKET AND HSBC. NEW HSBC CUSTOMERS GET £200 WHEN THEY SWITCH AND STAY. PLUS AN INTEREST AND FEE-FREE OVERDRAFT FOR SIX MONTHS. T&Cs APPLY. PLEASE SEE PROVIDER SITE FOR FULL DETAILS.

 

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Current accounts. Trust us to explain them simply

  

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