HSBC Advance - HSBC

HSBC Advance

HSBC
0 % AER
Headline Interest Rate
£ 150
Switching bonus
  • Overdraft facility
  • Customer rating: 4.14 (out of 5)
  • No monthly charge
  • Minimum Monthly Credit: £ 1,750
    • Open by:
£150 switching bonus
Get a further £50 if you stay for a year
High minimum pay-in

This account may be appropriate for you if

  • You can deposit at least £ 1,750 per month
  • You are older than 18

Switching bonus

Member of Current Account Switching Service: No
Maximum Switching Bonus: 150
Switching Bonus Conditions: Complete a full switch via HSBC's switching service, with a minimum of 2 Direct debits/standing orders within 30 days of account opening to receive £150. Register for mobile or online banking within 60 days of account opening for an extra £50 payable after 12 months if account is still open. Terms and conditions apply. Offer ends 26th November 2017.
Match Current Overdraft Offer: No

Credit Interest

Annual Interest Paid By Balance:
BalanceAnnual Interest Paid
£ 5000 %
£ 1,0000 %
£ 5,0000 %
£ 10,0000 %
£ 25,0000 %
Headline Interest Rate: 0 % AER
Monthly Reward: £ 0

Overdrafts

Cost of Authorised Overdraft:
ScenarioCost
£ 250 overdrawn by 5 days£ 1
£ 500 overdrawn by 10 days£ 2
£ 1,000 overdrawn by 30 days£ 14
Overdraft Available: Yes
Authorised Overdraft Rate: 17.9 % (equivalent to 1.38 % per month)
Unauthorised Overdraft Rate (APR/EAR): 17.9 % (equivalent to 1.38 % per month)
Overdraft Fees Apply From: £ 10 overdrawn
Cost of Unauthorised Overdraft: £5 per day
Cost of £100 Overdraft Breach for 10 Days: £ 50

Payment options

ATM Card
Cheque Bookoptional
Passbook
Debit CardVisa
Standing Order
Direct Debits

Access and usage

Banking by
Bank
Post
Phone
Internet
Maximum ATM Withdrawal: £ 500

Perks

Preferential rates onsavings, mortgage, loan
Prepaid card
Home emergency cover
Extended warranty cover
Airport lounge access
Preferential travellers money rates
Preferential travellers cheque rates
Free life insurance
Free home insurance
Free car insurance
Breakdown cover
Voucher and discount deals
Entertainment deals
Mobile phone cover

Charges

Charges for Unpaid Items: None
Charges for Paid Items: None

Cost Abroad

ATM Charge Europe: Free
ATM Charge World: Free
Debit Card Charge Europe: No exchange rate fees
Debit Card Charge World: No exchange rate fees

Additional Charges

Charge for Replacement Statement: £ 1
ATM Withdrawal Charge: £ 0
Bankers Draft Charge: £ 20
Special Clearance Charge: £ 15
Charge For Cheque Receipts: £ 0
Bankers Reference Charge: £ 9
CHAPS Charge: £ 30
Charges For Cancelled Cheques: £ 12

Moneywise Best Buys

Current Accounts

ProductAER
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Tesco Bank Current Account - Tesco Bank3%
TSB Classic Plus - TSB3%

Customer ratings

About the bank

  • Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
  • Banking Licence Held By: HSBC Bank plc