Moving your bank account to HSBC is easy. We have a guaranteed hassle-free account switching service which includes automatic transfer of Direct Debits to your new account and much more.
The essentials
- Make the most of your savings with Regular Saver
- Sleep easy knowing you're supported by Identity Theft Assistance, which includes one free online credit report per year
- If you're on the move, keep tabs on your balance and transactions with Monilink Mobile Banking
- Manage your money with free 24/7 Internet Banking*, pay bills and make payments securely.
- Telephone and branch banking are also available
- Overdraft facility with a rate of 19.9% EAR variable (subject to status). Find out more about our Fair Fees Policy.
- Free HSBC Bank Debit Card to pay for goods and services at home and abroad**
- Get up to £50 cashback at various UK outlets when you pay with your free HSBC Bank Debit Card
- Monthly statements (or Go Green to save paper and view your statements online)
Account eligibility
If you can pay £500 or more into your HSBC bank account each month, you're entitled to apply for Bank Account.
Should you fail to make the £500 monthly payment required to maintain your account, we will either change it to a Current Account or give you notice that we will be closing your account. If you are under the age of 24, the qualification criteria will not apply.
So what are you waiting for? Switch your account today.
- Simply complete and return the Switching Form which you'll find in the welcome pack you'll receive soon after applying.
- We will automatically transfer your Direct Debits and standing orders to your new account.
- You will receive your HSBC Bank Debit Card and cheque book (if requested) within five working days and your PIN within seven - delivered either to your home address or an HSBC branch of your choice - or we'll give you £10.
- If you use our switching service we can offer you an interest and charge free overdraft for up to three months taking into account your existing Direct Debits and standing orders subject to our usual credit assessment criteria.
- If you do not want an overdraft or one is not available, we will, within a reasonable time, refund any charges or interest you have had to pay us due to a delay or mistake made during the switching process.
- Your old bank should, within a reasonable time, refund any charges or interest that you had to pay to the old bank due to a delay or mistake made during the switching process.
* Subject to scheduled maintenance periods
**General: Any foreign currency debit card payments (including cash withdrawals) are converted to Sterling by VISA or MasterCard (as appropriate) using wholesale market rates applying on the day the conversion is made. These transactions are subject to our foreign exchange charge of 2.75%. We will deduct the payment from your account once we receive details of the payment from the card scheme, at the latest the next working day. Details of the current wholesale market rates can be obtained by calling us on the usual telephone numbers. .
Cash Machines: There is an ATM transaction fee currently 2% (minimum £1.75, maximum £5.00) for withdrawing cash at cash machines overseas. We will deduct the amount of the transaction fee from your account once we receive details of the payment from the card scheme, at the latest the next working day. Some cash machine operators may apply a direct charge for withdrawals from their cash machines and this will be advised on screen at the time of withdrawal.
Shops and retailers: There is no transaction fee for using your debit card to pay for goods and services overseas.
