Business account for start-ups

Get free banking for 18 months when you open a Business Bank Account.

Join the bank that Euromoney crowned the Best Bank for small businesses in 2019.

Free banking for 18 months1
Free standard transactions for 30 months
Overdraft available2

1 Free Banking means no account maintenance fee and free standard transactions. After 18 months, account maintenance fees will be £6.50 a month. Standard transactions cover all our standard account charges excluding international transactions and any other services. 2 Arranged overdraft available subject to status and application.


Giving your business the best start

Free Visa business debit card

Manage your expenses
Business debit cards are available on request to you and your employees, and are free for the first 30 months (or indefinitely on the Electronic business tariff in the UK)




Mobile business banking

Bank on the go with our app
Run your business from the palm of your hand. Make payments, view balances and transactions and manage standing orders and direct debits


Easy accounting

Seamless invoicing, tax and VAT
Sync your online business bank account with Xero, QuickBooks® or Sage




Competitive international payments

International payments for over 60 currencies
Starting from just £4*

Simplify foreign exchanges
Open Euro, USD or other Foreign Currency Accounts for £5 (or currency equivalent) a month


Overdrafts available

A safety net when cash flow is tight
Arrange a Business Overdraft (subject to status and application) and you pay interest only on the amount you use




Features

Free with your account

Bank 24/7 online

Online banking

Mobile app

Telephone banking

Text alerts


Convenient access

Visa debit cards

Cheque book on request

Bank in branch or in over
12,000 Post Offices


Support

UK-based telephone support

Face-to-face specialist support

Brexit clinics


Add-ons for flexibility as you grow

Credit & borrowing

Commercial card

Arranged overdraft (subject to
status and application)

Small Business Loans from £1,000
to £25,000 (subject to status and application)


International payments

International payments from £4*

Foreign Currency Accounts
for £5 (or currency equivalent) a month


View more Full Business Banking Price List pdf

Rates and tariffs

First 18 months

Our introductory offer helps you find your feet

Monthly fee Free
Payments online (BACS) Free
Debit card payment Free
Cash deposit in branch Free**
Cheque deposit Free


Following 12 months

£6.50 a month and free standard banking

Monthly fee £6.50
Payments online (BACS) Free
Debit card payment Free
Cash deposit in branch Free**
Cheque deposit Free

View more Full Business Banking Price List pdf

**Deposit up to £3,000 cash per month for free. 0.5% of the value deposited thereafter


After 30 months

Move onto your chosen tariff

Electronic banking tariff

(best if you mainly bank online or by phone)

Monthly fee £6.50
Payments online (BACS) Free
Debit card payment Free
Cash deposit in branch 1.1% of value deposited
Cheque deposit 50p


Small business tariff

(best if you mainly handle cash or cheques)

Monthly fee £6.50
Payments online (BACS) 23p
Debit card payment 25p
Cash deposit in branch 0.7% of value deposited
Cheque deposit 40p


View more Full Business Banking Price List pdf


Open your Account

Choose between two simple tailored tariffs


You mainly handle cash or cheques

Small Business Tariff



You mainly bank online or by phone

Electronic Banking Tariff




Unsure which tariff is right for you?

Don’t worry, we’ll review your account every year to ensure you’re always on the best tariff for your business. You can also change tariffs anytime, just tell us.



Need help with your application?

Am I eligible?

To be eligible your business should have a turnover of less than £2m.

If you run a Ltd company and already have a business account with a different bank, you should use our Switcher account. However, if you are a sole trader and have a business account with a different bank, you can still use our Business Account for Start Ups.

What details do I need to apply?

To apply you’ll need

Business details:

  • full business address, including postcode
  • contact details (landline number, mobile number, email address)
  • Companies House registration number (for limited companies and partnerships)
  • your estimated turnover

Personal details from you, plus any partners or directors:

  • full name and date of birth
  • telephone number and email address
  • current personal address (and previous address if you’ve been there under 3 years)
  • account number (if you already bank with us)
  • details of your debit/credit cards

After you submit your application, we will try to identify you online. If we're unable to identify you, we'll ask you to provide some proof of your identity and address. You can either do this ia a smartphone or webcam, or by taking the documents to your nearest branch.

What if I’m an existing personal customer?

Even if you’re an existing customer, you’ll have to re-enter your details. For privacy reasons we can’t reuse the details from your personal account.

You can apply online or over the phone. You can also login to your personal account and book an appointment at your branch.

How do I apply?

The best way to apply is online.

You can apply by phone. Call us on 0800 731 8904

Textphone: 18001 0800 028 3516


You can also

  • start an application online and finish it in branch
  • start one over the phone and finish it online
  • choose whichever combination suits you best

How long will it take?

It should take 7 working days from the day you apply to the day your account is ready to use

Can I start an application online and continue in branch?

Yes, you can:

  • start an application online and finish it in branch
  • start one over the phone and finish it online
  • choose whichever combination suits you best


Applying online is easy. You can:

  • save your application to continue it later
  • apply for other products like credit cards and overdrafts at the same time
  • get your account details as soon as your account is approved, so you can start using it right away

Can I open an account with multiple signatories?

Yes. You need to be able to provide details of other applicants, such as additional directors and shareholders, as part of the online application process.

To add another signatory after your account has been opened, please complete a secure online form: Request to Add or Remove Signatories from an Existing Mandate. After you’ve submitted your online form, you simply need to download and print a copy, follow the signing instructions and return the signed form via the freepost address provided.

Can I check the progress of my application?

Yes. Once your application has been saved, we send you an email with your application reference number. You’ll need it to log back in.

To see how your application is progressing, you can log in and resume your application.

Why choose an HSBC Business account?

Best Bank for SMEs

We’re very proud that Euromoney named us the world’s best bank for SMEs in 2019.

Branches near you

The best business relationships are face-to-face. Come speak to us in person.

Telephone support

You can speak to our UK-based customer service representatives 365 days a year†


Guides, tools and insights

Market your new business

Marketing is about much more than just promoting your business. Use this checklist to start developing your marketing plan.

Writing a business plan

Whether you want to raise funding or to understand the best opportunities for your business, a business plan is essential.

Set up and maintain your books

Keeping accurate financial records is a legal requirement and are essential for understanding your business. Find out more with our guide to book-keeping.

Guides, tools and insights

Starting a business or expanding into new markets? Discover tools, tips and articles to help you reach your ambitions and fuel your growth.


*HSBC will convert currency at our quoted daily rate and for our international payment costs (send/receive) see the Business Price List (PDF)

† To help us continually improve our service and in the interests of security, we may monitor and/or record your telephone call. All personal data will be stored in line with our Privacy Notice



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Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.