The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
It looks like we don't have any coupons at the moment.
About HSBC business banking
HSBC offers a range of business banking accounts designed for various organisations, from sole traders to corporates. If you run a small enterprise that requires everyday transactional banking, you may be eligible for the Small Business Banking Account, which offers “free” banking for the first 12 months. After the fee free period, you’ll have to pay a monthly maintenance fee for your current account. Certain HSBC business accounts also have integrated accounting software. However, all HSBC business accounts allow users to deposit cheques through the app, set up two or more users to approve payments online and provide an overdraft feature. HSBC is fully regulated by the FCA and protected by the FSCS.
Pros and cons of HSBC business banking
Pros
- Range of business accounts on offer.
- Mobile, online, telephone and branch banking.
- Some accounts offer account software integration.
- Overdrafts available.
- Business loans and savings available.
Cons
- Monthly charge after the 12 months fee free banking period.
- Interest charged on overdraft.
- Competitors have higher customer satisfaction.
- No interest paid on credit balance.
Alternative offers
We also have other similar business switching offer deals where you can find other deal if you are looking to get or change your business account.
More resources on Finder
More guides on Finder
-
UK banking apps that allow you to be paid a day early
Want to get paid early? Find out how.
-
Best online-only banks in the UK
Online-only banks have some limitations, but they also tend to offer handy features that might convince you to switch.
-
How to withdraw cash from an ATM without your debit card
If you’ve forgotten or misplaced your bank card and need to take out cash, several options are available. From where to get cashback to what you need to take to a branch, here’s what you need to know.
-
How to get a prepaid debit card without ID
Prepaid cards are a good option for people who don’t have any traditional forms of ID. Discover what you could use instead.
-
BuildMyCreditScore review
Discover more about how BuildMyCreditScore works, which banks it connects to and how long it will take to improve your credit score.
-
Banks that allow you to pay cheques in online
Discover which banks let you pay in cheques online and how to do it.
-
Algbra review
Algbra’s payment platform provides an ethical banking alternative for eco-conscious customers.
-
Advantages and disadvantages of an overdraft
Find out more about the pros and cons of an overdraft.
-
Santander Edge Up review
Level up your cashback earning potential with the Santander Edge Up current account. Find out about its features and benefits in our review.
-
Can you have more than one current account?
Discover more about the rules on holding multiple current accounts.