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HSBC current accounts for February 2025
HSBC offers a full range of current accounts, with the benefits that come with a big bank.
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With HSBC you get all the benefits of banking with a global financial institution. Security, 24/7 customer service, fraud detection, and global acceptance are all a given with a big bank.
Like other big banks, HSBC offers some decent switching perks from time to time. It has been known to offer a tempting bonus to new customers who open an Advance Bank Account, so it’s worth keeping an eye out for when you decide to switch accounts.
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
Read the full methodologyHSBC has a range of current accounts to suit different needs. Whether you want premium benefits, a no-frills basic account, or a student overdraft, HSBC has you covered.
HSBC offers switching incentives on its Advance Bank Account from time to time. A lot of high-street banks are doing this, so make sure you compare the lot to get the best deal.
Learn more about reward and incentive accounts
HSBC’s Premier Bank Account gives customers access to a range of benefits. Premium accounts like this often involve paying in higher amounts, with some even charging a monthly fee. See how HSBC stacks up against the rest of the market by comparing them.
Learn more about premium current accounts
Most students need an overdraft to dip into. HSBC offers this, with an interest-free arranged overdraft of £1,000 when you open the account. This can increase to a maximum limit of £2,000 in your second year and £3,000 in your final year. Check out the competition to see if there are any better deals for student bank accounts, such as railcards, tastecards, and other discounts.
Learn more about student accounts
HSBC offers a graduate account with an interest-free arranged overdraft. Graduates often need an overdraft to manage their transition into work, so check out the full market to find the best product for you.
Learn more about graduate accounts
HSBC’s MyMoney Children’s Bank Account is designed to help children aged 11-17 to manage their money.
Learn more about children’s accounts
HSBC offers two business accounts for small businesses, including start-ups, as well as a business bank account for larger businesses with specialist banking requirements. You can also choose from a foreign currency business account if you trade overseas, a client currency account to protect your client’s money, a charitable bank account with reduced cost for charities and not-for-profit organisations, and a corporate account for corporate banking customers with a turnover greater than £10m.
Learn more about business accounts
"I have a basic account (with HSBC) but I find it suitable as I can do everything with it. From shopping to making payments and transferring money.
If there’s one thing you’d tell a friend who’s thinking of getting this, what would it be?
That HSBC has everything you need in just one account."
HSBC sometimes has switching deals, but it doesn’t offer any switching deals at the time of writing. You can compare other switching deals in our guide if you’re looking for a cash incentive to switch. If you’re still interested in HSBC, it has offers for cardholders through its home&Away scheme.
HSBC offers joint accounts for 2 people. You can open it online if it’s your first HSBC account, otherwise you’ll need to go into a branch.
Yes, HSBC has a premier account. You can also compare premium accounts from other banks in our guide.
In our independent 2024 customer satisfaction survey, 84% of HSBC’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s customer rewards offers and simple online banking. However, some cited very poor customer service. Here’s what some of those HSBC customers had to say:
“I like how easy it is to use their app – all the information is at my fingertips”
“HSBC have branches available everywhere and their telephone banking is available 24/7. You never feel disconnected from your finances”
On Trustpilot, HSBC scores 2 out of 5 from over 9,000 reviews. On the Apple App Store, HSBC’s mobile banking app scored 4.8 out of 5, based on almost 1.5 million user reviews. On the Google Play Store, it scores 4.7 out of 5, based on over 319,000 reviews. These were updated in November 2024.
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To open an account with HSBC, you’ll have to provide the following information:
You can open an HSBC account online or by visiting a branch.
HSBC has an eye-catching switching bonus and customers in our survey gave it a pretty good 4-star rating for overall satisfaction. If you’re after a basic, solid account, this is a good choice. But if you want more advanced digital features, the challengers are worth considering. If HSBC’s current accounts are not for you, you can also compare other current accounts here.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
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