Business Banking eligibility criteria applies*
Business Banking eligibility criteria applies*
1 Free banking means no account maintenance fee and free standard transactions on your primary account, any additional or secondary accounts will be charged in line with your choice of Small Business Tariff or Electronic Banking Tariff.
2After the initial 12 month period, the annual fee for each Commercial Card is only £32. Commercial Cards are available for you and your employees (subject to status).
3 Arranged overdraft available subject to status and application.
4 After 12 months, account maintenance fee will be £6.50 a month and you’ll be able to pay in up to £3,000 cash per month free (we’ll charge 0.50% of the value of cash paid in over this limit) and all other standard transactions will continue to be free
Effortless switching![]()
Good to know |
Manage your expenses
Business Debit Cards are available on request to you and your employees.
Keep control of your day-to-day spending. Boost your cash flow and fully protect your transactions against fraud.
Commercial Cards are available for you and your employees (subject to status)
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. Device restrictions may apply.
Seamless invoicing, tax and VAT
Sync your online business bank account with Xero, QuickBooks® or Sage
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
Achieve your ambitions
We offer a range of lending options to help you grow your business**
Bank 24/7 online
Mobile app
Virtual assistant
Live Chat
Text alerts
Telephone banking
Convenient access
Visa debit cards
Mobile cheque deposit
Cheque book on request
Bank in branch or in over
11,500 Post Offices
Support
Specialist support
Digital exchanges
UK-based telephone support
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 Price List pdf
Online banking
Live Chat
Virtual Assistant
Mobile app
Text alerts
Telephone banking
Convenient access
Visa debit cards
Cheque book on request
Bank in branch or in over
11,500 Post Offices
Support
Dedicated Relationship Manager
Specialist Support Teams
UK-based telephone support
Credit & borrowing
Commercial card
Arranged overdraft (subject to
status and application)
Business loans (subject to status and application)
Specialist financing solutions
Additional banking platforms
International payments
International payments from £4*
Foreign Currency Accounts
for £5 (or currency equivalent) a month
View more Full Business Price List pdf
*Subject to charges and eligibility
Our introductory offer helps you find your feet
Monthly fee | Free |
Payments online (made via Business Internet Banking) | Free |
Debit card payment | Free |
Cash deposit in branch and Post Office® | Free |
Cheque deposit in branch and Post Office® | Free |
£6.50 a month and free standard banking***
Monthly fee | £6.50 |
Payments online (made via Business Internet Banking) | Free |
Debit card payment | Free |
Cash deposit in branch and Post Office® | Free*** |
Cheque deposit in branch and Post Office® | Free |
View more Business Price List
***Deposit up to £3,000 cash per month for free. 0.5% of the value deposited thereafter
Move onto your chosen tariff
(best if you mainly bank online or by phone)
Monthly fee | £6.50 |
Payments online (made via Business Internet Banking) | Free |
Debit card payment | Free |
Cash deposit in branch and Post Office® | 1.1% of value deposited |
Cheque deposit in branch and Post Office® | 50p |
(best if you mainly handle cash or cheques)
Monthly fee | £6.50 |
Payments online (made via Business Internet Banking) | 40p |
Debit card payment | 25p |
Cash deposit in branch and Post Office® | 0.7% of value deposited |
Cheque deposit in branch and Post Office® | 40p |
View more Business Price List
Choose between two simple tailored tariffs
Small Business Tariff
Electronic Banking Tariff
As one of the few banks offering Bounce Back Loans to businesses that aren’t our customers, we’ve been inundated with requests to open accounts. As a result, the wait times for new accounts are significantly longer than they were pre-Covid19.
We are happy to continue processing new account applications, but we wanted to let you know about the increased processing times – so you can make an informed choice.
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.
To be eligible for the Switcher Account, your business should have an annual turnover of less than £10m.
To be eligible for the Current Account Switch Service you are a:
It normally takes just 7 working days to complete the switch. During that period, you’ll be able to use your old account as normal.
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
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.
If you are switching out of HSBC UK into another UK based financial institution, we will send out a list of your Direct Debits and Standing Orders within 5 working days to your new bank. We will transfer out the balance and close the account on the switch date as confirmed by your new bank.
If your new bank or building society agrees, bank accounts that include an overdraft can switch using the Current Account Switch Service. And 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.
Third Party Provider Permission
If you’ve given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, this won’t
be transferred automatically to your new account as part of the Current Account Switch Service.
1. Before you close your old account, check whether you have any of these permissions set up. If so, make a note of who with.
You can see the permissions you have via the Open Banking dashboard available in Online Banking or in your Mobile Banking app.
2. Once your new account is open, you can give your permission to the Third Party Provider to access it. You’ll need to contact them directly and provide your new account details.
3. If you’re unsure if your new bank will allow the Third Party Provider to access your account, you’ll need to discuss this before switching. You can also check your new bank’s terms and conditions for more information about Third Party Providers.
We take care of everything. All you need to do is apply for a full switch.
On the application, you’ll need to tell us:
Whenever possibe we try to identify you online. If we can’t do that, we’ll ask you to provide some additional proof of your identity and address. You can either do this via a smartphone or webcam, or by taking your ID documents to your nearest branch.
You can apply online for a business account that gives access to multiple people.
The advantage of applying online is that you can save your application and finish it whenever it suits you.
If you prefer, you can apply over the phone on 0800 633 5610 (textphone 03457 125 563). Lines are open from 9am to 5pm, Monday to Friday.
You can also apply in your nearest branch. To book an appointment, please call 0800 731 8904 (textphone 03457 125 563). Lines are open from 9am to 5pm, Monday to Friday
If your turnover is £2m or less, you can apply online. 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 here.
If your turnover is between £2m and £10m, you will need to apply by phone and check for
updates by calling 03457 60 60 60.
We’re very proud that Euromoney named us the world’s best bank for SMEs in 2019.
The best business relationships are face-to-face. Come speak to us in person.
You can speak to our UK-based customer service representatives 365 days a year†
Marketing is about much more than just promoting your business. Use this checklist to start developing your marketing plan.
Whether you want to raise funding or to understand the best opportunities for your business, a business plan is essential.
Keeping accurate financial records is a legal requirement and are essential for understanding your business. Find out more with our guide to book-keeping.
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)
**All loans and overdrafts are subject to status and application.
† 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
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.
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.