HSBC Current Account Advance
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 |  Compare HSBC Current Account Advance details directly with other current accounts or compare current accounts using our current account comparison tables. | ||
| Company: | HSBC www.hsbc.co.uk | ||
| Product: | Current Account Advance | ||
| Apply via this site: |  | ||
| Application Criteria | |||
 Minimum Monthly Credit: | The minimum monthly credit required is £500. | ||
| Minimum Investment: | There is no minimum investment required to open this account. | ||
| Maximum Investment: | Unlimited | ||
| Minimum Age: | Minimum age 16 years. Some benefits and features on this account, including overdraft facilities, are only open to those aged 18 years and over. | ||
| Maximum Age: | Unlimited | ||
| Existing Customer Only: | This account is not only available to existing customers. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Transfer Assistance: | HSBC will transfer the customer's Direct Debits and standing orders from their current bank. The customer will receive their cheque book (if requested) and debit card within 5 working days and their PIN within 7 working days of account opening. They will credit £10 to the customer's account each time they fail to meet of any of their Account Opening standards. | ||
| Incentives | |||
| Account Promotions: | - Internet banking protection comes as standard to ensure the customer's security when banking on-line. - If the customer switches their current account to HSBC and something goes wrong during the switching process HSBC will credit the customer's account with £10. - Commission free foreign currency and travellers cheques on amounts between £100 and £2,000. | ||
| Incentive Cashback £: | There is no cashback incentive. | ||
| Incentive Moneyback: | There is no moneyback incentive. | ||
| Incentive Pref Rate/Deals: | Customers will have access to the Regular Saver account. | ||
| Incentive Disc/Vouchers: | There are no discounts or vouchers available. | ||
| Incentive Breakdown: | This incentive is not offered. | ||
| Incentive Protection: | Free ID theft assistance available. | ||
| Incentive Other Insurance: | There is no other insurances incentive. | ||
| Incentive Savings Sweep: | There is no savings sweep incentive. | ||
| Incentive Currency: | Commission free foreign currency and travellers cheques on amounts between £100 and £2,000. | ||
| Incentive Other: | If the customer pays in more then £500 per month will benefit from the following incentives: Free mobile banking Free ID theft assistance Access to the HSBC 8% Regular Saver Product | ||
| Facilities | |||
| Internet Banking: | 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: | This account can be operated through a branch. | ||
| Telephone Banking: | 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. | ||
| Post Office Banking: | Transactions cannot be made at a Post Office. | ||
| Standing Orders: | Standing order facilities are available. | ||
| Direct Debits: | Direct Debit facilities are available. | ||
| BACS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| CHAPS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| Bill Payment Service: | Bill payment service is available. | ||
| Statement Frequency: | Statements are issued monthly. | ||
| Min Additional Deposit: | Unlimited | ||
| Minimum Withdrawal: | Unlimited | ||
| Withdrawal Restrictions: | Withdrawal Conditions - None. | ||
| ATM Card: | An ATM card is available. | ||
| ATM Mini Statements: | Mini statements are available through the ATM. | ||
| Max ATM Withdrawal: | The maximum ATM withdrawal is £300.00. | ||
| Cheque Book: | A cheque book is available. | ||
| Cheque Guarantee Card: | A cheque guarantee card of up to £100 can be issued, subject to status. | ||
| Cheque Clearance Time: | Money can be drawn against a cheque 3 working days after being deposited. | ||
| Debit Card: | Maestro debit card is available. | ||
| Debit Card Type: | Maestro debit card is available. | ||
| Passbook: | A passbook is not provided with this account. | ||
| Text Messaging Events: | Text messaging events are not available. | ||
| Text Mini Statements: | Text mini statements are available. | ||
| Travel Ins Winter Sport: | There is no travel insurance incentive available. | ||
| Overdraft | |||
| Overdraft Facility: | Overdraft facilities are available subject to status. | ||
| Interest Free O/D Limit: | An interest free overdraft facility is not available. | ||
| Automatic O/D Facility: | There is no approved overdraft facility automatically set up when this account is opened. | ||
| Overdraft Buffer Limit: | Any customer who goes overdrawn without an agreed overdraft limit will not pay an overdraft review fee provided they don't go more than £10 overdrawn. | ||
| Overdraft Arrangement Fee: | There is an overdraft arrangement fee of £25. This fee is payable each time a request for an overdraft or an overdraft extension is made. If this is the first overdraft request for 6 months no overdraft arrangement fee will be charged. | ||
| Auth O/D Rate-APR/EAR: | The annual rate for authorised overdrafts is 19.9% EAR. | ||
| Mthly Auth O/D Charge: | There is no monthly charge for an authorised overdraft. | ||
| Unauth O/D Rate-APR/EAR: | The annual rate for unauthorised overdrafts is 19.9% EAR. | ||
| Mthly Unauth O/D Charge: | No monthly unauthorised overdraft charge. | ||
| Overdraft Letter Charge: | There is no charge for an overdraft letter. | ||
| Rates | |||
| Headline Interest Rate: | The headline interest rate is 0.00% AER. | ||
| Rate Guarantee: | There are no interest rate guarantees. | ||
| Introductory Bonus: | No introductory bonus payable. | ||
| Amount of Bonus: | The bonus amount is - 0% | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Non Standard Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 0.00% 0.00% 0.00% | ||
| Gross AER - £1/£50: | 0.00% | ||
| Gross AER - £500: | 0.00% | ||
| Gross AER - £1,000: | 0.00% | ||
| Gross AER - £2,500: | 0.00% | ||
| Gross AER - £5,000: | 0.00% | ||
| Gross AER - £10,000: | 0.00% | ||
| Gross AER - £25,000: | 0.00% | ||
| Gross AER - £50,000: | 0.00% | ||
| Gross AER - £100,000: | 0.00% | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Interest on Withdrawal: | Interest on withdrawals will stop being paid on the same day as the withdrawalis made. | ||
| Int Added to Account: | Interest can be added to the account. | ||
| Interest Paid by Cheque: | Interest cannot be paid by cheque or warrant. | ||
| Int Paid to Bank A/c: | Interest cannot be paid to a bank account held at a bank other than HSBC. | ||
| Int Paid to Other A/c: | Interest can be paid to another HSBC account. | ||
| Int After Cash Deposit: | Interested is paid on cash deposits the day they are credited to the account. | ||
| Int After Cheq Deposit: | Interest starts getting paid on a cheque deposit two working days after it is paid into the account. | ||
| Int After BACS Deposit: | Interested is paid on BACS deposits the day they are credited to the account. | ||
| Interest Variant: | No | ||
| Max Balance High Interest: | Unlimited | ||
| Fee & Charges | |||
| Free Banking: | Free banking is available. | ||
| Monthly Charge: | There is no monthly servicing charge. | ||
| Standing Order Charge: | There is no charge for payment of a standing order mandate. | ||
| S/O Setting Up Charge: | There is no charge for setting up a standing order mandate. | ||
| S/O Amendment Charge: | There is no charge for amending a standing order mandate. | ||
| S/O Cancellation Charge: | There is no charge for cancelling a standing order mandate. | ||
| Unpaid S/O Charge: | The charge made for an unpaid item is as follows: unpaid item of up to £10 no charge. up to £25 £10 per item Above £25 £25.00 per item. | ||
| Direct Debit Charge: | There is no charge for payment of a direct debit mandate. | ||
| Debit card charge Europe: | There is no charge for debit card transactions outside the UK apart from the exchange rate adjustment which is 2.75%. | ||
| D/D Setting Up Charge: | There is no charge for setting up a direct debit mandate. | ||
| D/D Amendment Charge: | There is no charge for amending a direct debit mandate. | ||
| D/D Cancellation Charge: | There is no charge for cancelling a direct debit mandate. | ||
| Unpaid D/D Charge: | The charge made for an unpaid item is as follows: unpaid item of up to £10 no charge. up to £25 £10 per item Above £25 £25.00 per item. | ||
| CHAPS Charge: | The charge for Electronic/Telegraphic transfers is as follows: To another HSBC account: £10,000 and under -free £10,000 or over - £17.50 To a non-HSBC account - £25 | ||
| Stopped Cheque Charge: | The charge for a stopped cheque is £10. | ||
| Unpaid Cheque Charge: | The charge made for an unpaid item is as follows: unpaid item of up to £10 no charge. up to £25 £10 per item Above £25 £25.00 per item. | ||
| Transaction Charge: | No charge is made for standard banking transactions on this account. | ||
| Unauth Transaction Fee: | If the customer has not agreed an overdraft and the account goes overdrawn by more than £10 or they exceed an agreed overdraft limit by more than £10, this is classed as informal overdraft request. If HSBC decide to allow the informal overdraft request an overdraft Arrangement Fee of £25 will apply. It will also apply to subsequent increases of over £10. - The overdraft Arrangement Fee will not total more than the amount by which the customer goes overdrawn without prior agreement or exceeds their overdraft limit. - No more than one arrangement fee will be charged per day. - If debited Arrangement Fees or interest cause the account to overdrawn or further overdrawn a further Arrangement Fee will not be charged. - The customer will not have to pay for the first agreed overdraft request (formal or informal) in any 6 month period. Each further request in a 6 month period may incur an arrangement fee. | ||
| ATM Withdrawal Charge: | Withdrawals from HSBC and LINK cash machines are free of charge. | ||
| ATM charge Europe: | The charge for withdrawing money outside the UK is 2.00% of the cash advance (min £1.75, max £5.00). | ||
| A/c Transfers Int. Free: | An interest free overdraft may be offered on transferred accounts for up to 2 months. Each application is treated on its own merits and the customer will be advised accordingly when the account is opened. | ||
| Bankers Draft Charge: | The charge for a bankers draft is £15. | ||
| Bankers Reference Charge: | The charge for a banker's reference is £7.24 plus VAT = £8.50. | ||
| Copy Cheque Charge: | There is no charge for a copy of a cheque. | ||
| Duplicate Stat Charge: | There is a charge of £1 for duplicate statements. | ||
| Special Clearance Charge: | The charge for a special clearance cheque is £15. | ||
| Forex fee % Europe: | The rate adjustment charge is 2.75%. This is applied for ATM and POS transactions alike. | ||
| Other Charges: | None. | ||
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| Products: | www.hsbc.co.uk Current Accounts | ||
