Be clear about what you could pay
Find out what’s meant by each fee and what you could expect to pay, depending on your account. So, you’ll have a better idea of what may be payable and how to potentially avoid some fees in the future. Plus, find out more about your account's interest rates.
Go straight to:
Overdrafts
Payment and transfer fees
Debit card fees
Tips to avoid extra fees
Overdrafts
An overdraft is a way of borrowing money through your current accountfor a short period.
If you've agreed an overdraft limit with us in advance, it's known as an 'arranged overdraft'. If you haven'tand your account goes below £0– or if you go pastyour arranged limit – it's known as an 'unarranged overdraft'.
Most of our accounts (except our Basic Bank Account) come with an interest-free buffer. If you borrow more than this, you'll need to pay interest on the amount you've borrowed.
Manage your overdraft
You can ask to increase, decrease or remove your arranged overdraft in our app or by logging on to online banking.
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Log on and manage your overdraft Log on and manage your overdraft This link will open in a new window
Interest and charges
The following table sets out the charges for using your overdraft.
We charge an Annual Interest Rate on your arranged and unarranged overdraft.
We’ve also set out the EAR (Effective Annual Rate) for your information.This rate takes account of how often interest is charged,but not other fees or charges.We’ve also explained where any interest free amount applies.
We won’t charge you any overdraft interest if you pay the money back in before 23:45 on the same day.
Interest payable on an overdraft by account
Account | Overdraft Annual Interest Rate | Overdraft EAR (Effective Annual Rate) | Interest free amount |
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HSBC Premier Account (retained Jade benefits) & HSBC Private Banking Account customers | 34.05% | 39.9% EAR variable | No interest on the first £1,000 of your arranged or unarranged overdraft. |
HSBC Premier Bank Account | 34.05% | 39.9% EAR variable | No interest on the first £500 of your arranged or unarranged overdraft. |
HSBC Advance Bank Account | 34.05% | 39.9% EAR variable | No interest on the first £25 of your arranged or unarranged overdraft. |
Bank Account | 34.05% | 39.9% EAR variable | No interest on the first £25 of your arranged or unarranged overdraft. |
Bank Account Pay Monthly | 34.05% | 39.9% EAR variable | No interest on the first £25 of your arranged overdraft. You also have an interest free unarranged overdraft amount of £50. |
Student Bank Account | 0% | 0% EAR variable | None |
Graduate Bank Account | 34.05% | 39.9% EAR variable | Year 1: No interest on the first £3,000 of your arranged or unarranged overdraft. Year 2: No interest on the first £2,000 of your arranged or unarranged overdraft. |
Account | HSBC Premier Account (retained Jade benefits) & HSBC Private Banking Account customers |
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Overdraft Annual Interest Rate | 34.05% |
Overdraft EAR (Effective Annual Rate) | 39.9% EAR variable |
Interest free amount | No interest on the first £1,000 of your arranged or unarranged overdraft. |
Account | HSBC Premier Bank Account |
Overdraft Annual Interest Rate | 34.05% |
Overdraft EAR (Effective Annual Rate) | 39.9% EAR variable |
Interest free amount | No interest on the first £500 of your arranged or unarranged overdraft. |
Account | HSBC Advance Bank Account |
Overdraft Annual Interest Rate | 34.05% |
Overdraft EAR (Effective Annual Rate) | 39.9% EAR variable |
Interest free amount | No interest on the first £25 of your arranged or unarranged overdraft. |
Account | Bank Account |
Overdraft Annual Interest Rate | 34.05% |
Overdraft EAR (Effective Annual Rate) | 39.9% EAR variable |
Interest free amount | No interest on the first £25 of your arranged or unarranged overdraft. |
Account | Bank Account Pay Monthly |
Overdraft Annual Interest Rate | 34.05% |
Overdraft EAR (Effective Annual Rate) | 39.9% EAR variable |
Interest free amount | No interest on the first £25 of your arranged overdraft. You also have an interest free unarranged overdraft amount of £50. |
Account | Student Bank Account |
Overdraft Annual Interest Rate | 0% |
Overdraft EAR (Effective Annual Rate) | 0% EAR variable |
Interest free amount | None |
Account | Graduate Bank Account |
Overdraft Annual Interest Rate | 34.05% |
Overdraft EAR (Effective Annual Rate) | 39.9% EAR variable |
Interest free amount | Year 1: No interest on the first £3,000 of your arranged or unarranged overdraft. Year 2: No interest on the first £2,000 of your arranged or unarranged overdraft. |
Use ourOverdraft calculatorto see how much using an overdraft would cost over a period of up to 31 days.
Unarranged overdrafts
Account | The Monthly Maximum Charge |
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HSBC Premier (retained Jade benefits) & HSBC Private Banking Account customers | £20 |
HSBC Premier Bank Account | £20 |
HSBC Advance Bank Account | £20 |
Bank Account | £20 |
Graduate Bank Account | £20 |
Bank Account Pay Monthly | No unarranged overdraft charges |
Student Bank Account | No unarranged overdraft charges |
Account | HSBC Premier (retained Jade benefits) & HSBC Private Banking Account customers |
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The Monthly Maximum Charge | £20 |
Account | HSBC Premier Bank Account |
The Monthly Maximum Charge | £20 |
Account | HSBC Advance Bank Account |
The Monthly Maximum Charge | £20 |
Account | Bank Account |
The Monthly Maximum Charge | £20 |
Account | Graduate Bank Account |
The Monthly Maximum Charge | £20 |
Account | Bank Account Pay Monthly |
The Monthly Maximum Charge | No unarranged overdraft charges |
Account | Student Bank Account |
The Monthly Maximum Charge | No unarranged overdraft charges |
Monthly cap on unarranged overdraft charges
- Each current account will set a monthly maximum charge for:
(a) going overdrawn when you have not arranged an overdraft;or
(b) going over/past your arranged overdraft limit (if you have one). - This cap covers any:
(a) interest and fees for going over/past your arranged overdraft limit;
(b) fees for each payment your bank allows despite lack of funds;and
(c) fees for each payment your bank refuses due to lack of funds.
If you want to see if you’re likely to get an overdraft without making an application, you can use ourOverdraft eligibility checker. This won't affect your credit rating.
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Payment and transfer fees
Sending money to other accounts within the UK
It’s free to send money up to your account's personal payment limit with online and mobile banking. Payments to companies are limited to £25,000 with the mobile app and online banking.
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Find out more about personal payment limits
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See how to send money to family and friends
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See how to send money to a company
CHAPS payments
The Clearing House Automated Payment System (CHAPS) is a way to send large payments in the UK, often used for things like buying a house.The fee is £17for sending by branch, telephone banking or by post.
ForHSBC Premier (including retained Jade benefits) and Private Banking accounts,the transfer fees are £12 to an HSBC account and £17 to a non-HSBC account.
Internal payments to someone else above our payment limits
For payments fromHSBC Premier (including retained Jade benefits) and Private Banking accounts, to an HSBC account, the fee is £12. For payments from other HSBC accounts to an HSBC account, the fee is £17.
International payments
Sending money is free between HSBC accounts in euros within the EEA1. It's also free to send any currency outside the UK, and any foreign currency within the UK, except euros. For payments to a non-HSBC account, it's £5 using branch, telephone, mobile or online banking, or £17 by post.
Its also free to receive money in euros from within the EEA. Otherwise, its £5 for all other foreign currencies including pounds.
To find out more, visit ourinternational paymentspage.
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Debit card fees
Foreign currency payments by debit card
Account | Fees for debit card payments in a foreign currency | Fees for cash withdrawals in a foreign currency, or from a cash machine outside the UK |
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HSBC Premier (including retained Jade benefits) HSBC Private Banking Accounts HSBC Premier MyAccount | 2.75% | 2.75% |
All other accounts | 2.75% | 2.75% plus a fee of 2% (minimum £1.75, maximum £5). |
Account | HSBC Premier (including retained Jade benefits) HSBC Private Banking Accounts HSBC Premier MyAccount |
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Fees for debit card payments in a foreign currency | 2.75% |
Fees for cash withdrawals in a foreign currency, or from a cash machine outside the UK | 2.75% |
Account | All other accounts |
Fees for debit card payments in a foreign currency | 2.75% |
Fees for cash withdrawals in a foreign currency, or from a cash machine outside the UK | 2.75% plus a fee of 2% (minimum £1.75, maximum £5). |
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Find out about using your card abroad
Tips toavoidextra fees
You may be charged interest or fees for using some features of your current account.
Get text alerts if you're about to go overdrawn
If you've given us your mobile number, we’ll send texts when you enter or are about to enter:
- your arranged overdraft – to help you monitor your usage
- your unarranged overdraft - so you know when you've gone over your limit and what you can do
If you don't give us your mobile number, or let us know when you've changed it, we can't send you text alerts.
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Update your contact details
Download our mobile banking app
The HSBC Mobile Banking app makes it easier to manage your account. If you have an arranged overdraft, check the app for charges that have already been deducted from your account. These will show as transactions on your statements.
Plus, our app lets you:
- check and manage your balanceon the go, wherever you are
- make sure you have enough money to avoid going into an unarranged overdraft
- transfer money between your accounts to top up any low balances
- view and download your monthly statements
- review your overdraft limit and request to change it
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Get the app
Struggling with your overdraft?
If you’re finding it hard to manage your overdraft or financial situation in general, please get in touch. We'll talk to you about your needs and help you find a solution.
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Financial support
Information on pricing and charges can be found in:
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HSBC Banking Terms and Conditions and Charges (PDF, 1.45MB) HSBC Banking Terms and Conditions and Charges (PDF, 1.45MB) Download
Looking to apply for a new HSBC current account?
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Compare our accounts
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- Countries within the EEA include Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Iceland, Ireland, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Norway, Netherlands, Poland, Portugal, Romania, Spain, Slovakia, Slovenia and Sweden.