Due to unprecedented demand

HSBC are not currently accepting applications for new business bank accounts.

Account Fee

Free for 18 months, then £6.50 per month

Compatible Accountancy Software

Quickbooks, Xero

Bank Transfer Fee

£0.23

Fees

Direct Debit0

Standing Order0

Domestic Card Purchase0

Foreign Card Purchase2.75% of the converted amount

ATM Domestic0

ATM Foreign2.75% of the converted amount & a withdrawal fee of 1.5% (min £1.75) of the converted amount

Cheque Out0

Cash Out Branch0

Cash Out PO0

Transfer Domestic0

Fast Domestic - FP0

Fast Domestic - CHAPS£17 when done online, £30 when done in branch or by phone banking

Foreign Transfer£17 when done online, £30 when done in branch

FP Foreign£17 when done online, £30 when done in branch

Account Fee0

Cash Deposit Branchup to £3000 free, then 0.5% of value deposited

Cash deposit POup to £3000 free, then 0.5% of value deposited

Domestic Transfers In0

Foreign Transfers In£0.20 for SEPA, 0 for CHAPS

Ways to bank - Additional info

Paym
Paym is a quick, easy and secure way to receive payments from your business customers using one of your registered mobile phone numbers. Improve your cash flow by receiving payments at point of sale or service delivery. Because they don’t need to enter your bank details, you have the added security that customers will only see your business name and not your account number.

Fincancial Wellbeing Programme for businesses – We know you care about the mental and physical health of your employees but have you fully considered the impact their financial wellbeing may have on them. We believe it’s important that people have the insight and education they need to help them plan for significant life stages, which is why we now offer our Financial Wellbeing Programme to business customers.