Bank Account | Open A Bank Account Online - HSBC UK (2024)

Show your money who's boss with our Bank Account. It gives you everything you need for everyday banking, including access to a range of savings accounts and money-savings offers. And there's no monthly account fee.

You could even open a Bank Account online in around 12 minutes.

Here's what youget with your HSBC Bank Account

Make banking a breeze with our app

Understand your money at a glance

Get more from your money

Things to know before you apply

When you open this account, you'll have the option to take out an arranged overdraft.

An arranged overdraft allows you to borrow money (up to an agreed limit) if there’s no money left in your account.This can be useful if you're hit with an unexpected bill, for example.

If a payment would take you past your arranged limit (or if you don’t have one), we may let you borrow using anunarranged overdraft. There's a chance that payments you try to make using an unarranged overdraft may be declined. However, we'll always try to allow essential payments if we can.

You can apply for an arranged overdraft when you open your account, or at any time later. You can ask to increase, remove or reduce your limit at any time in online or mobile banking, by phone or in-branch. Your new limit can't be less than what you owe.

We report account activity, including overdraft usage, to credit reference agencies. An unarranged overdraft lasting more than 30 days could have a negative impact on your credit rating.

This account comes with a£25 interest-free buffer. If you go overdrawn by more than that, you'll need to pay interest on the amount you borrow at the rate shown.

Overdrafts are designed for short-term borrowing only and are subject to status.

If we’ve got your mobile number, we’ll send you an SMS text alert if you’ve gone overdrawn or we know you’re about to. These alerts are designed to help you manage your overdraft usage and avoid being charged interest.

You can opt out of overdraft text alerts by calling us or asking us in-branch – but remember you’ll be opting out for all your current accounts with us. If you opt out or we don’t have an up-to-date number for you, you could end up paying interest you might otherwise have avoided.

Representative example:0% EAR (variable)[@ear-explanation]on the first £25,39.9% EAR (variable)on anything above that, giving arepresentative annual percentage rate (APR)of38.9% APR (variable)[@apr-explanation].Based on an arranged overdraft of£1,200.

How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.

The monthly cap on unarranged overdraft charges for the HSBC Bank Account is £20. Further details can be found online atour Overdrafts page.

To find out more,visit our Overdrafts page, where you can find out if you’re eligible for an arranged overdraft and use our overdraft cost calculator.

You may not be eligible for some account features if you remain resident outside the UK.

Who can apply?

You can apply for an HSBC Bank Account if you:

• are 18 or older
• are happy for us to do a credit check against your name (if you live in the UK)
• can provide ID and proof of address if needed
• have read the important account documents below

Apply for your HSBC Bank Account now

• Find your nearest branch