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Advance Account

Make more of your money

In response to the coronavirus (COVID-19) outbreak, from 9 April 2020, we’re temporarily increasing our interest-free overdraft buffer from £25 to £500 for Bank Account, Bank Account Pay Monthly, Current Account and Advance Bank Accounts. We’ll automatically activate the increased buffer, so there’s no need to call us. As these are temporary measures, your contractual terms remain the same. We’ll keep this under review and update you before making any changes to the interest waiver. Accounts with a negotiated rate (where we have agreed a non-standard rate your overdraft) will not be affected. For more information, please read our Overdraft FAQs.

HSBC Advance Bank Account
Whether you’re switching careers, starting a family or moving abroad, HSBC Advance is designed to help you through all life’s changes.

Apply for an HSBC Advance Bank Account today:

Check eligibility and how to apply for HSBC Advance bank account

Benefits

With the HSBC Advance Bank Account you'll get:

  • No monthly account fee
  • 24/7 customer service
  • £500 daily ATM cash withdrawals
  • Access to our Island Privileges rewards programme created exclusively for Advance and Premier customers
  • A minimum overdraft offer of £1000 at account opening
  • Worldwide ATM cash withdrawals without HSBC non-sterling cash fees
    A non-sterling transaction fee of 2.75% still applies.
  • Preferential Overdraft Interest Rate
    Assumed limit £1,200: 0% EAR (variable) on the first £25, 17.9% EAR (variable) thereafter, giving a representative rate of 17.5% APR (variable).

Eligibility

Please ensure you meet the following:

  • you need to be 18 years or older
  • your residential address must be within the Channel Islands and Isle of Man
  • you must be able to provide us with certified proof of your identity and address (translated into English if appropriate)
  • you must pay at least £1,750 a month into the account (or a minimum of £10,500 every six months), not including money transferred from other sole or joint personal accounts held with HSBC Bank
  • you are happy for us to undertake a credit register search (PDF)

 

How to apply

Request a call back

Complete our contact form quoting

’Advance account’

Request a call back for advance new customer offer This link will open in a new window

Apply in branch

Book your appointment to apply in branch by calling: 

03456 00 61 61

You’ll need to bring identification, proof of your address and a recent bank statement.

Frequently asked questions

Relationship-based lending 

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Transfers between your globally linked accounts with no payment fees 

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Half price international account opening and HSBC credit history transferral 

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Related products

Premier Account

 

Student Account

 

Bank Account

 
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