Switch your business account

It’s simple and easy to switch your business bank account to us. The Switch Guarantee means it’s all done in under 7 working days.

Even better, you get free banking for 12 months.

Could our new HSBC Kinetic Current Account be right for you? If you are a sole trader or single director single shareholder company, you may be able to apply for an HSBC Kinetic Current Account.

Open an account

Open an HSBC Kinetic Current Account

More on Kinetic

Business Banking eligibility criteria applies*

Free banking for 12 months1
Access to Business Internet Banking to manage your finances on the go4
Visa Commercial Card available - no annual fee for the first year.
Representative example: based on an assumed limit of £1,200, 15.9% rate p.a. for purchases, 22% APR representative variable. Annual Fee £32.2
Overdraft available3

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 Easily access a wide range of business services 24/7, subject to planned maintenance periods.

 


Effortless switching

  • We’ll contact your old bank to let them know you’re switching
  • We’ll transfer your balance and any automated payments for you
  • We’ll close your old account on the date you’ve chosen

Good to know
Any payments accidentally made to your old bank will automatically be redirected to your new account. We’ll also give your new details to people paying your old account. And if anything goes wrong, we’ll refund you for any interest or charges incurred.



Helping your business thrive

Visa Business Debit Card available

Manage your expenses
Business Debit Cards are available on request to you and your employees.

 

 

 

Visa Commercial Card available

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)

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. Scan and instantly deposit cheques securely, and block or unblock your debit and credit cards to save you time. Device restrictions may apply.

 

 

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

Business loans and overdrafts

Achieve your ambitions
We offer a range of lending options to help you grow your business**

Account Features - Turnover up to £2m

Features of your account

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


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 Price List pdf

Account Features - Turnover between £2m and £10m

Features of your account

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


Add-ons for flexibility as you grow

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

Rates and tariffs

First 12 months

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

View more Business Price List

After 12 months

Move onto your chosen tariff

Electronic Banking 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

Small Business Tariff

(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


Move 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.



How to switch accounts

Am I eligible?

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:

  • Business with an annual turnover of less than £6.5m and you employ fewer than fifty employees.
  • Charity with an annual income of less than £6.5m and trusts with a net asset value of less than £6.5m.

How long will it take?

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.

What is the Switch Guarantee?

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.


Switching out

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.

Is switching accounts difficult?

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:

  • Your address history for the past 3 years
  • Business details, such as your current business banking details, your registration number, address and the date of incorporation if your business is a limited company
  • Your personal details
  • Details of financial arrangements, such as mortgages, loans and credit cards.

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.

Can I open an account with multiple signatories?

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

Can I check the progress of my application?

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.

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†

Growing your business

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

Get your business Brexit-ready

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

International business guides

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)

**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



You are leaving the HSBC Commercial Banking website.

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.

You are leaving the HSBC Commercial Banking website.

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.