Full product details for the HSBC Advance current account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.
from 285 ratings
285 customers rated their HSBC current account as 3.7 out of 5 in our 2010/2011 Consumer Finance Awards.
If you use an overdraft limit of £1,200 the interest rate charged will be 17.9% EAR (variable).
Account Type
packaged
Monthly Charge
£12.95
There is a monthly servicing charge of £12.95.
Minimum Monthly Credit
£0
There is no minimum monthly credit required, but salary or regular income must be paid into the account.
Interest Free Overdraft Limit
none
An interest free overdraft facility is not available.
Standard Overdraft Rate
17.9%
The rate for authorised overdrafts is 17.9% EAR.
Headline Interest Rate
0%
The headline interest rate is 0% AER.
Reward Payment
£0
No reward payment payable.
Minimum Investment
£0
There is no minimum investment required to open this account, however credit interest will only be received from £1.
Internet Banking
yes
Internet banking is available and the customer has the ability to: - check balances - view transactions - view, amend, create and cancel standing orders - pay bills - make payments to family and friends - transfer money between accounts - change address and personal details.
Branch Banking
yes
This account can be operated through a branch.
Telephone Banking
yes
Telephone banking is available 24 hours a day by the automated telephone banking service. Pressing a few buttons on the voice menu lets the customer: - check balances - transfer money between accounts - hear details of their latest transactions - speak to one of the Customer Service Representatives
Account Promotions
yes
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit
£0
There is no minimum monthly credit required, but salary or regular income must be paid into the account.
Minimum Contract Term
12 months
Minimum 12 month contract, then renewable monthly.
Minimum Age
18 years
Minimum age 18 years. Some benefits and features on this account, including overdraft facilities, are only open to those aged 18 years and over.
Maximum Age
Unlimited
There is no maximum age limit.
Minimum Income
£0
Not applicable.
Minimum Investment
£0
There is no minimum investment required to open this account, however credit interest will only be received from £1.
Maximum Investment
Unlimited
The maximum investment is unlimited.
Student Bank Account
no
This is not a student bank account.
Graduate Bank Account
no
This is not a graduate bank account.
Area Restrictions
none
There are no area restrictions.
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