The Current Account Switch Service makes switching to HSBC easy. All you need to do to get started is open a Business Current Account. Then, you can depend on us to make the switch process simple and straightforward. Once you have opened the account, you decide when you want to start the switching process.
Who is eligible for the new Current Account Switch Service
- Businesses with an annual turnover not exceeding £6.5m and employs fewer than fifty employees.
- Charities with an annual income of less than £6.5m and trusts with a net asset value of less than £6.5m.
Once your account has been opened, switching to HSBC is simple and hassle free using the 'Full' Current Account Switch Service.
Any credits or debits sent to your old bank account will be redirected automatically to your new account, giving you plenty of time to make sure you're happy that everything is as it should be.
If you change your mind
You can cancel the switch service up to the seventh working day before your switch date. After that only certain elements can be cancelled and the closure of your old account cannot be stopped. We will guide you through what will happen if you choose to cancel.
If anything does go wrong, we guarantee to sort it out and cover any losses you might incur.
We’ll arrange everything for you, including transferring any credit balance and the closure of your old account, as well as transferring all your payments (such as any Direct Debits) to your new account with us. We’ll also set up a payment redirection for any credits or debits from your old account to your new one for at least 3 years.
That’s the Current Account Switch Guarantee.