HSBC Business Direct (Switcher) Full product details for the HSBC Business Direct (Switcher) current account. 6 months free business banking for Business Banking switchers with a turnover below £500,000. Compare with other current accounts.
from 285 ratings
285 customers rated their HSBC current account as 3.7 out of 5 in our 2010/2011 Consumer Finance Awards.
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HSBC Business Direct (Switcher) Features & Benefits
Account Type business
Interest Free Overdraft Limit none There is no interest free overdraft limit.
Standard Overdraft Rate variable This is dependent on HSBC's view of the risk attached to the facility.
Daily Overdraft Charge Unlimited Overdrafts are available and will be agreed subject to status.
Headline Interest Rate 0% The headline interest rate is 0%
Account Fee £0 No account fee is payable.
Internet Banking yes Internet Banking is available.
Branch Banking yes Branch banking is available.
Telephone Banking yes Telephone banking is available, once registered.
Available to Ltd Companies yes This account is available to Limited Companies.
Available to Partnerships yes This account is available to Partnerships.
Available to Sole Traders yes This account is available to Sole Traders.
Available to Charities no This account is not available to Charities.
Joint Account yes Joint applications are accepted.
Permanent UK Resident yes This product is only available to individuals who are permanent UK residents.
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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Compare HSBC Business Direct (Switcher) With These Current Accounts A £0.00 overdraft letter charge is offered. You get £500 max ATM withdrawal from Lloyds TSB. New customers get unauthorised overdraft rate of 14.28%. The current account has a std overdraft rate of 14.28%. Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 14.28% EAR (variable). Community Account (Auto Free Tariff) offers a minimum annual turnover of £0. You can get coinage paid in per100 of £0.96. A £0 charge for internet banking is available. £1 minimum withdrawal is offered to you.
Get a coinage paid in per100 of £0.65 from this current account. £1 maximum high interest balance is offered with this current account. Customers enjoy fee for internet banking of £0. A £350 maximum ATM withdrawal is offered. Overdraft letter charge of £0.00 is available. Cash Account offers a minimum extra deposit of £0. £0 unpaid direct debit charge is offered with this current account. Direct debit amendment cost of £0 is offered with the current account. Get £0 direct debit set up charge.
A same day BACS deposit clearance time is offered. Customers can get unauthorised overdraft rate of 12.28 percent. You get cover person in any car rescue cover. Ul account transfer O/D limit. The Bank of Scotland Vantage Platinum Account current account has a £0 rewards payment. 4 days cheque clearance time is offered. Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 12.28% EAR (variable). Get £0 minimum additional deposit from Bank of Scotland. Customers get rate free overdraft year 5 of £0. Graduate Account offers an interest free overdraft year 3 of £1,000. You have the benefit of O/D letter charge of £0.00. Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).