Switch your business bank account

Switch your business bank account to HSBC and you’ll receive free banking for the first 12 months. What’s more, our Best Tariff Promise means we’ll review your account every year to ensure you’re always on our best standard tariff for your business*.

*Applicable for businesses up to £2m turnover with a business current account on our Electronic Banking Tariff or Small Business Tariff. Best Tariff Promise based on our annual review of your account activity in the previous 12 months.

Apply for a Business Bank Account

Choose the tariff that suits the way you bank

Prefer internet and phone banking?

Our Electronic Banking Tariff could be suitable if your business banks mainly online or by phone

Frequently bank in branch?

Our Small Business Tariff could be suitable if your business mainly handles cash and cheques

Not sure which tariff is best for you?

Try our tariff calculator tool

  • Details you'll need to apply
  • Details you'll need to apply

    Information we'll ask for when you apply

    We'll ask you to provide some business details, including:

    • 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

    We'll also need some 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

  • Documents you'll need to show us
  • Documents you'll need to show us

    What we'll need from you to complete your application

    After you submit your application, we'll ask to see one item from each of the following two lists (plus the same for any other beneficial owners and/or principal controllers).

    Your identity:

    • your current passport
    • your current UK photocard driving licence
    • your current UK driving licence (old paper style)
    • your current national Identity Card

    Your address:

    • a current bank or building society statement or passbook
    • a utility bill (e.g. electricity, gas or water, but not mobile phone) showing proof of payment
    • a local authority or council tax bill valid for current year

  • Why apply online?
  • Why apply online?

    Applying online is easy

    We've recently improved our online account opening service. Now you can:

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

    Plus you now can:

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

Continue with a saved application

Resume Application

More ways to apply

Key benefits

Our Best Tariff Promise* ensures you’ll always be on our best standard tariff for your business

Choice of two tariffs to suit the way you bank

Free banking for 12 months when you switch your banking to HSBC3

Access finance and borrowing to help fund an expansion or improve your cash flow

Predictable pricing, giving you 12 months at a fixed price4 after your free banking period ends

Free 12 months British Cycling Fan Membership available to HSBC UK business current account customers. T&Cs apply5

Support for your business

  • Talk to our Business Specialist, available in branches across the UK, about how we can meet your needs
  • Access finance and borrowing to fund an expansion or improve your cash flow
  • Discover tools and articles in our online Knowledge Centre to help you grow your business
  • Have a face-to-face Business Review to identify opportunities and help you achieve your goals
  • Access our international expertise to help you start trading overseas
  • With our Best Tariff Promise, we’ll review your account every year to ensure you’re always on our best standard tariff for your business*

*Applicable for businesses up to £2m turnover with a business current account on our Electronic Banking Tariff or Small Business Tariff. Best Tariff Promise based on our annual review of your account activity in the previous 12 months.

Efficient service

  • Business internet banking for real-time balances, statements, transfers and payments 24/71
  • Business telephone banking from 8am to 10pm every day2, plus automated banking available 24/71
  • Business mobile banking to view balances and make payments on the move
  • Make cash deposits, withdrawals or make a balance enquiry at any of the 11,000 Post Office® branches across the country with your debit card.

Clear pricing

  • Free banking for 12 months when you switch your business to HSBC. Free Banking means that we won't charge an account maintenance fee or for payments into your account covered by our standard account charges.
  • After your free business banking period, we’ll give you a fixed price of £6.50 a month for 12 months. You’ll be able to deposit up to £3,000 cash per month during this time. If you exceed this limit, the fee for further cash transactions is 0.50% of the value deposited. During your fixed price period, you won’t pay any other standard account charges.
  • When your fixed price period ends you’ll move onto the tariff that you choose when you open your account and you’ll pay an account maintenance fee of £6.50 per month plus charges depending on the services you use.
  • Prefer internet and phone banking? Our Electronic Banking Tariff could be suitable if your business banks mainly online or by phone.
  • Frequently bank in branch? Our Small Business Tariff could be suitable if your business mainly handles cash or cheques.

Rates and charges

Free business banking period
When you switch your business to HSBC, you'll receive 12 months' free business banking3

What happens after 12 months?
We’ll give you a fixed price of £6.50 a month for 12 months. You’ll be able to deposit up to £3,000 per month during this time. If you exceed this limit, the fee for further cash transactions is 0.50% of the value deposited. During your fixed price period, all other standard account charges will be free.

What happens after the fixed price period?
You’ll pay an account maintenance fee of £6.50 per month, plus charges depending on the tariff you choose and the services you use. If your turnover is up to £2m and your banking needs have changed, you can switch tariffs - just call to let us know.

Service Free business banking period After Free Banking After the Fixed price period
    Fixed price period Small Business Tariff Electronic Banking Tariff
Monthly Account Fee
Account maintenance fee FREE £6.50 per month £6.50 per month £6.50 per month
Payments into and out of the account
Automated credits FREE FREE 19p per credit FREE
Business Internet Banking BACS Payment FREE FREE 23p per payment FREE
Cheques paid FREE FREE 80p per cheque 90p per cheque
Debit Card FREE FREE 25p per debit FREE
Direct Debit paid/unpaid FREE FREE 35p per debit/credit FREE
Internal transfer FREE FREE FREE FREE
Other credits FREE FREE 19p per credit FREE
Other debits FREE FREE 35p per debit FREE
Standing Order FREE FREE 40p per debit FREE
Bill Payments
Bill Payment Internet FREE FREE 40p per payment FREE
Bill Payment Telephone FREE FREE 40p per payment FREE
Bill Payment Non-Automated Telephone FREE FREE £8 per payment £8 per payment
Bill Payment Branch or postal FREE FREE £10 per payment £10 per payment
Branch Transactions
Branch credits FREE FREE 90p per credit £1 per credit
Branch cash in Up to
£3,000 FREE
thereafter
0.50% of the value deposited
Up to
£3,000 FREE
thereafter
0.50% of the value deposited
0.7% of the value deposited 1.1% of the value deposited
Branch cheques collected FREE FREE 40p per cheque 50p per cheque
Branch counter withdrawal FREE FREE 70p per withdrawal £1 per withdrawal
Branch cash out FREE FREE 0.85% of the value withdrawn 1.1% of the value withdrawn
Cash Machine Transactions
Cash Machine Withdrawal FREE FREE 25p per withdrawal FREE
Cash Machine Cash out FREE FREE 0.45% of the value withdrawn 0.60% of the value withdrawn
Post Office® Transactions
Post Office® counter credits FREE FREE 25p per credit 25p per credit
Post Office® counter cash in Up to
£3,000 FREE
thereafter
0.50% of the value deposited
Up to
£3,000 FREE
thereafter
0.50% of the value deposited
0.7% of the value deposited 1.1% of the value deposited
Post Office® counter withdrawal FREE FREE 25p per withdrawal 25p per withdrawal
Post Office®
cash out
FREE FREE 0.85% of the value withdrawn 1.1% of the value withdrawn
Post Office® counter cheque credit FREE FREE 90p per credit £1 per credit
Post Office® counter cheques collected FREE FREE 40p per cheque 50p per cheque

 

Terms and conditions

To find out more about our Business Bank Account, please read our terms and conditions (PDF, 2.61MB).

Switching made easy

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 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 stress free using the 'Full' Current Account Switch Service.

Current Account Switch Guarantee

We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable, and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

  • The service is free to use and you can choose and agree your switch date with us
  • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary)
  • If you have money in your old account, we will transfer it to your new account on your switch date
  • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details
  • If there are any issues in making the switch, we will contact your before your switch date
  • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges incurred on either your old or new current accounts as a result of this failure


How does it work?

Once you've opened your account,you decide and agree with us when you want to start the switching process.


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 your new bank or building society agrees, bank accounts that include an overdraft can switch using the new Current Account Switch Service. If you'd like to have an overdraft with your new bank account, speak to your new bank or building society before starting your switch.

Your new bank or building society will be able to advise if you're eligible for an overdraft, dependent on their lending criteria and your credit status.

2017 Moneyfacts Awards

2017 Moneyfacts 5 Star Rated Business Current Account - Electronic Banking Tariff.

  1. Subject to planned periods of maintenance.
  2. To help us continually improve our service and in the interests of security, we may monitor and/or record your telephone call.
  3. Free Banking means that we will not charge you an account maintenance fee or for payments into your account covered by our standard account charges.
  4. A fixed price of £6.50 a month for twelve months. You’ll be able to deposit up to £3,000 cash per month during this time. If you exceed this limit, the fee for further cash transactions is 0.50% of the value deposited. During your fixed price period, you won’t pay any other standard account charges.
  5. Offer available to all HSBC business current account customers – one British Cycling Fan Membership per business current account worth £24 with ability to upgrade to other membership options at additional cost. To redeem the offer, membership must be activated by 31 December 2019. Terms and conditions apply. Find out more.

We are committed to the Standards of Lending Practice (The Standards). The Standards set out principles of good practice in relation to lending to business customers with an annual turnover of up to £6.5m (exclusive of VAT and other turnover related taxes), and which does not have a complex ownership structure (for example, business with overseas, multiple, or layered ownership structures). The Standards cover loans, credit cards, charge cards and current account overdrafts across the customer / product lifecycle.

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