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: If 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.
    • Aged 16 or older (18 and older to apply online)
    • Must open both a B Current account and B Instant Savings account
    • Must register for automated telephone and internet banking services to run the account
  • Maximum Interest (AER)
    0.5%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • More info + In detail
  • Interest details
    • With a B Current account you'll enjoy 0.5% AER (0.5% gross p.a. variable) on your credit balances up to £2,000.
      *Credit interest is worked out daily on the cleared credit balance and credited to accounts on the last working day of each month.

      Current rates until 30th November 2016. From 01 December 2016 the rate will be 0.25% AER (0.25% gross p.a. variable).
    Overdraft details
    • £25 planned borrowing buffer, £10 unplanned borrowing buffer
    • 12.5% EAR
  • Representative Example: If you use an overdraft limit of £1,200 a 12.50% EAR (variable) will apply
    • Earn rewards of up to £180 a year (conditions apply)
    • Contactless debit card
    • Award-winning online and mobile banking
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • More info + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    • Rewards details:
    • The full £7 Loyalty Reward received monthly for being part of Barclays Blue Rewards is subject to UK income tax and may need to be declared to H M Revenue & Customs.
    • All other current Blue Rewards and any SmartSpend cashback are not subject to UK income tax.
    Overdraft details
    • Arranged overdraft fees:
    • 75p a day up to £1,000
    • £1.50 a day from £1,000 to £2,000
    • £3 a day from £2,000 and above
    • Unarranged overdraft fees:
    • £5 per day
  • Representative Example: Up to £5,000 (subject to application and status). If you use an overdraft of £1,200, you will be charged £1.50 per day when you use it.