Full product details for the HSBC Bank Account Pay Monthly 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 19.9% EAR (variable).
Account Type
packaged
Monthly Charge
£15
There is monthly servicing charge of £15.00.
Minimum Monthly Credit
£500
The minimum monthly credit required is £500.
Interest Free Overdraft Limit
none
An interest free overdraft facility is not available.
Standard Overdraft Rate
19.9%
The annual rate for authorised overdrafts is 19.9% 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.
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. Through telephone banking the customer can: - check balances - transfer money between accounts - hear details of their latest transactions - speak to one of the Customer Service Representatives and pay bills, or make payments to family and friends.
Account Promotions
yes
Access to HSBC Regular Saver account. Commission free foreign currency and travellers cheques. Switching errors receive £10.
Application Criteria
Joint Account
yes
Joint applications are accepted.
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit
£500
The minimum monthly credit required is £500.
Minimum Contract Term
0 months
Not applicable.
Minimum Age
18 years
Minimum age 18 years.
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.
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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