HSBC Current Accounts

You can compare details of HSBC's personal and business current accounts below. You can compare important information such as interest rates, overdraft facilities, benefits, fees and charges.

Compare business accounts by HSBC

  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 18 months*
  • Account Fee
    From £5.50 per month thereafter
  • Overdraft Facility
  • Product Features
    • *Free banking for 18 months is available If you're a start-up, your projected turnover is up to £500k, and you trade solely in the UK.
    • Business internet banking for real-time balances
    • Business mobile banking to view balances and make payments on the move
    • Business Specialists available in branches across the UK to talk in detail about how we can meet your needs
    • Tools and articles in our online Knowledge Centre to help you grow your business
    • Guidance from our International Support Centre on how to start trading overseas
    • Face-to-face or online Business Review to identify opportunities and help you achieve your goals
    • *Subject to status and applicable terms and conditions
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 12 months*
  • Account Fee
    From £5.50 per month thereafter
  • Overdraft Facility
  • Product Features
    • *Free banking for 12 months is available for businesses trading solely in the UK, with an annual turnover not exceeding £500,000.
    • Switch to HSBC in just 7 days
    • Business internet banking for real-time balances
    • Business mobile banking to view balances and make payments on the move
    • Business Specialists available in branches across the UK to talk in detail about how we can meet your needs
    • Tools and articles in our online Knowledge Centre to help you grow your business
    • Guidance from our International Support Centre on how to start trading overseas
    • Face-to-face or online Business Review to identify opportunities and help you achieve your goals
    • *Subject to status and applicable terms and conditions.

Other current accounts

    • 5% AER on balances up to £2,000
    • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and paperless correspondence
  • Maximum Interest (AER)
    5%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    £500
  • Monthly Fee
    Free
  • More info + In detail
  • Interest details
    • 5% AER on balances up to £2,000. Must pay in £500 a month, register for internet banking and paperless statements and paperless correspondence.
    • Plus 5% Cashback on your first £100 Contactless payments every month. Contactless Subject to eligibility. End Sept 2017. (T&Cs apply). Borrower must be 18+ and a UK resident.
    • Plus, if you also use an eligible TSB credit card, you can earn up to £60 cashback in a year on that too. Representative 18.9% APR (variable). Subject to status. Must be 18+ & UK Resident. End Sept 2017.
    Overdraft details
    • £10 interest-free overdraft buffer
    • If you go overdrawn by more than £10, TSB's Grace Period means that you have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day
    • 0% interest on planned overdraft up to £25
    • 19.94% AER variable and a Monthly Overdraft Usage Fee of £6 apply to amounts of £25 to £1,200
  • Representative Example: f you use an arranged overdraft of £1,200 you'll be charged 0% EAR variable on the first £25 and 19.94% EAR variable on the next £1,175 plus a Monthly Overdraft Usage Fee of £6.
    • 5% AER on balances up to £2,500 for the first 12 months (conditions apply)
    • Fee-free overdraft for 12 months (subject to approval)
    • No monthly fee
  • Maximum Interest (AER)
    5%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    £1,000
  • Monthly Fee
    Free
  • More info + In detail
  • Interest details
    • 5.00% AER (4.89% gross p.a.) for in-credit balances up to £2,500 (fixed for the first 12 months) if you pay in at least £1,000 per month.
    • After the first 12 months the rate reverts to 1.00% variable.
    • No interest on balances over £2,500.
    Overdraft details
    • Arranged overdraft fees: 0% for the first 12 months
    • 50p per day on balances over £10 thereafter (the first £10 of your arranged overdraft is free)
    • Unarranged overdraft fees: 50p per day on balances up to £10
    • £5 per day on balances over £10 and are capped at £60 per month
    • First time fee refund - Nationwide will refund the first overdraft fees you incur
  • Representative Example: If you use an arranged overdraft of £1,200 the amount Nationwide will charge you is 50p per day (variable)
    • 3% on balances up to £2,500
    • 3 month fee-free overdraft
    • Includes worldwide travel insurance, mobile phone insurance, breakdown cover and extended warranty
  • Maximum Interest (AER)
    3%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    £10
  • More info + In detail
  • Interest details
    • 3% on balances up to £2,500
    • No interest on balances over £2,500
    Overdraft details
    • Arranged overdraft fees: 0% for the first 3 months
    • 50p per day on balances over £100 thereafter (the first £100 of your arranged overdraft is free)
    • Unarranged overdraft fees: 50p per day on balances up to £10
    • £5 per day on balances over £10 and are capped at £50 per month
    • First time fee refund - Nationwide will refund the first overdraft fees you incur
  • Representative Example: If you use an arranged overdraft of £1,200 the amount Nationwide will charge you is 50p per day (variable).