HSBC current accounts for October 2026

HSBC offers a full range of current accounts, with the benefits that come with a big bank.

4 (537 reviews) Write a review
Kate Steere's headshot
Jason Loewenthal's headshot

By

Kate Steere

&

Jason Loewenthal

Updated

Fact checked
HSBC
alt

Leave a review

★ ★ ★ ★ ★

Your review

Thanks for your review.
Close

Read Terms and Conditions here

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.

Compare HSBC’s current accounts

6 of 6 results
Updated daily
Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example
HSBC logo
8.6Great
HSBC Bank Account
8.6Great
£0
No minimum funding requirement
0% AER
0% EAR variable on the first £25 and then 39.9% EAR variable
£220 switch offer. T&Cs apply.
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable on the first £25 and then 39.9% EAR variable.
More info
Compare product selection
HSBC logo
7.9Great
HSBC MyAccount
7.9Great
£0
No minimum funding requirement
0% AER

More info
Compare product selection
HSBC logo
Not yet rated
HSBC Graduate Bank Account
Not yet rated
£0
No minimum funding requirement
0% AER
0% EAR variable on the first £3,000 and then 39.9% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged.
More info
Compare product selection
HSBC logo
9Excellent
HSBC Premier
9Excellent
£0
No minimum funding requirement
0% AER
0% EAR variable on the first £500 and then 39.9% EAR variable
Get up to £250 cashback† when switching. More info
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable on the first £500 and then 39.9% EAR variable.
More info
Compare product selection
HSBC logo
Not yet rated
HSBC Basic Bank Account
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
More info
Compare product selection
HSBC logo
Not yet rated
HSBC Student Bank Account
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
Representative example: If you use an arranged overdraft of £1,200, you'll be charged.
More info
Compare product selection
loading
Showing 6 of 6 results

Finder Score for bank 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 methodology

Types of current account from HSBC

HSBC 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.

  • Reward and incentive accounts

    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

  • Premium 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

  • Student accounts

    Most students need an overdraft to dip into. HSBC offers a competitive overdraft deal on its student account, 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. However, it’s worth comparing this against other student bank accounts, as some offer perks such as railcards, tastecards, and other discounts.
    Learn more about student accounts

  • Graduate 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

  • Children’s 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

  • Business 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 £15m.
    Learn more about business accounts

What do customers say about HSBC?

94% of customers we surveyed in 2026 would recommend HSBC to a friend.

It's viewed by its customers as a highly secure, stable, and globally recognised bank. Users appreciate the robust fraud protection—including swift action on scams—and the overall reliability of the online banking services.

However, while the bank is trusted for safeguarding money, it falls short for some in customer experience; complaints frequently highlight poor telephone support, ongoing branch closures, and a lack of exciting rewards or benefits compared to competitors.

AI-generated summary from the text of customer reviews on Finder.

Marc Saidi's headshot
Case study: Marc likes having everything in one account

"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."

Marc Saidi
London

Does HSBC offer any promotions, discounts or refer-a-friend offers?

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.

Does HSBC offer joint accounts?

HSBC offers joint accounts for 2 or more people. You can open a joint account online if it’s your first HSBC account, otherwise you’ll need to go into a branch.

Does HSBC offer premium/packaged or premier accounts?

Yes, HSBC has a premier account. You can also compare premium accounts from other banks in our guide.

Pros and cons of banking with HSBC

  • Rewards. HSBC has a large reward scheme which provides access to benefits across the globe. You build up points from everyday spending on your card and once you have enough points these can be redeemed for everything from travel and holidays, dining out at restaurants, fun experiences and shopping, to health and fitness. You can also get frequent flyer points on select cards which can be converted to flights or upgrades.
  • Online management. With HSBC’s online management service you can get constant, secure access to your account so you can see your balance and latest transactions, make payments and easily oversee your finances from any internet-connected device.
  • Additional cards. If you need more than one card, HSBC can provide this so that you can easily add a partner or family members aged 18 or over on your account.
  • Mobile Banking App. The mobile banking app is one more way you can stay on top of your finances. The app is a simple and secure way to see your latest transactions, make payments and check your balance.
  • Global acceptance. HSBC’s cards are all provided with Visa or Mastercard so you can pay for items and take cash out in a huge number of countries throughout the world.
  • Round the clock assistance. With HSBC, you get 24/7 service from the customer service team, should you need it. You can call them at any time, day or night, from anywhere in the world and they will be able to help.
  • Poor overdraft score. An independent survey of service quality commissioned by the Competition and Markets Authority showed that only 55% of HSBC customers would recommend the bank based on its overdraft services (Last updated: February 2023).
  • Limited digital features. There is a limited set of things you can do via online banking and the mobile app to manage your account.

Customer service information for HSBC

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Opening an account with HSBC

To open an account with HSBC, you’ll have to provide the following information:

  • How much you expect to pay in each month
  • Your salary details and any assets you have
  • Your employer’s address and phone number
  • Your business account details if you’re self-employed
  • Your nationality/citizenship
  • Your residence status/tax residence status
  • Your National Insurance number
  • Proof of identity (passport, driving licence, EEA or Swiss national identity card)

You can open an HSBC account online or by visiting a branch.

Our verdict: Is HSBC a good bank?

HSBC offers a variety of current accounts 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.

Frequently asked questions

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. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

Sources

Kate Steere's headshot
Written by

Editor
Add to Preferred Sources

Kate Steere is an editor and money expert at Finder, specialising in banking, savings and fintech. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio

Kate's expertise
Kate has written 153 Finder guides across topics including:
  • Banking
  • Savings
  • Fintech
  • Credit
  • Payments
Jason Loewenthal's headshot
Co-written by

Senior writer

Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio

More resources on Finder

More guides on Finder

Go to site