HSBC business bank account comparison and review

HSBC offers a range of business banking options, including current and savings accounts, business credit cards and overdrafts.

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Once the initial free banking period ends, monthly account fees apply
HSBC offers a vast range of business bank accounts. In the guide below, you’ll find out about the features available these accounts, plus our verdict on how they compare with other business bank accounts.

Compare HSBC’s business accounts

Name Product Account fee Bank transfers Interest (AER) Accounting integrations Arranged overdraft Account management Key benefits Link
Kinetic Current Account
£6.50 per month (waived in first 12 months)
0% AER
QuickBooks, Sage, Xero
No monthly account fees for 12 months, thereafter a monthly charge of £6.50 applies
Go to site
View details
Charitable Bank Account
Charitable Bank Account
£5 per month
0% AER
QuickBooks, Sage, Xero
Online & app
View details
Small Business Banking Account
Small Business Banking Account
£8 per month
0% AER
QuickBooks, Sage, Xero
Online & app
View details

Compare up to 4 providers

What is HSBC business banking?

One of the UK’s “Big Four” banks, HSBC offers business banking for startups and new businesses, existing and larger businesses, as well as community organisations and educational institutions.

It provides everyday current accounts, as well as business savings accounts, credit cards, business loans and finance. Businesses can also switch their existing bank account over to HSBC within seven working days.

How does HSBC business banking work?

HSBC offers business banking accounts to both large and small companies. If your business has a turnover of less than £2 million per year, you’ll be eligible for the startup business account, which offers “free” banking for the first 18 months.

This means you’ll pay no account maintenance fees and receive free standard transactions on your primary account. If you switch your business bank account to HSBC, you’ll also pay no maintenance fees or standard transaction fees for the first 12 months.

You also have the option of opening a variety of business savings accounts, such as the instant access Business Money Manager account, the market-rate Business Money Market account and Client Deposit account.

HSBC business banking features

  • Free Visa business debit card
  • Business savings accounts
  • Overdraft feature
  • Accounting software integration
  • Foreign currency accounts
  • Free online, phone and mobile banking

HSBC business banking fees

Startup business bank account. Once your free period ends, you’ll pay a £6.50 maintenance fee each month. You’ll also be able to pay up to £3,000 in cash transactions each month for free, with a 0.5% charge for any additional transactions.

International payments. You can make international payments to over 60 countries, with payment fees starting at £4.

Foreign currency. You’ll be charged £5 per month for any foreign currency account you open.

HSBC business banking contact details

Existing customers: 03457 60 60 60

New customers: 0800 032 1770

Online banking: 03456 022 014

Coronavirus customer support line: 0800 0121 614

Pros and cons of HSBC business banking


  • Range of business accounts on offer.
  • Period of free banking for startups and switchers.
  • Mobile, online, telephone and branch banking.
  • Integration with accounting software Xero, QuickBooks and Sage.
  • Overdrafts, business savings accounts and business loans available.
  • Option to make international payments or open a foreign currency account.


  • Once any free banking period is over, a monthly charge and transaction fees apply, which may not be the most competitive out there.

Our verdict

HSBC is a solid choice if you’re looking for a business account with one of the main high street banks. There is mobile, online, telephone and branch banking available to business customers, plus a handy integration with accountancy software packages such as Xero. HSBC has a variety of accounts available depending on your business size, plus it offers periods of free banking to startups and businesses who are switching their account over. Once the free banking phase comes to an end there are account and transaction fees to pay, so if banking charges are an important consideration for your business you may want to compare business accounts elsewhere.

Get started by visiting HSBC's website and sign up for an account. If you have read this review and decided that HSBC’s account is not for you, you can also compare other business bank accounts on the market.

Business banking ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our customer satisfaction scores (“Customers say”) are based on a survey of 250 customers carried out in December 2020.
Learn the details of our methodology and scoring.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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