International Business Overdraft

If you want cash flow flexibility when transacting in international markets, our International Business Overdraft could be just the answer.

At a glance

  • Pay interest only on the amount you use - calculated on a daily basis

  • An arrangement fee applies when we agree to a formal overdraft request

  • Reviewed annually and a renewal fee taken

  • Available to HSBC International Business Account customers

  • Minimum overdraft limit of £25,001 – maximum dependent upon requirements and subject to status. Security may be required

Apply for an International Business Overdraft

Apply for an International Business Overdraft

Do you have an HSBC International Business Account?

Speak to your Relationship Manager

Are you new to HSBC?

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If you would like one of our representatives to call you back, simply let us know and we will call you back at your convenience (between 9am and 5pm Monday to Friday UK time).

Important information
Before applying, please read the following carefully, including the 'Your Information' section in the Business Banking Terms and Conditions.

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Eligibility:
Eligibly for an International Business Overdraft will be assessed on a case by case basis. We will take into account factors such as affordability and the suitability of the product for your business

Key benefits

Provides flexible access to more cash flow

Easy to arrange - speak to your Relationship Manager 1

Could give your business more room to manoeuvre

Available in US Dollar and Euro for Business Banking customers

Could be ideal for one-off purchases you know you can repay quickly

Available in up to 25 currencies for larger customers 2

Formal overdraft requests

A formal overdraft request is when you approach us in advance to set up an overdraft for a period of up to 12 months. Interest rates are individually agreed with you and are linked to a Reference Rate or HSBC’s Currency Base Rate*. Click here for further details.

The debit interest rate margin you pay will be re-assessed each time we review your overdraft facility and may change at this time. If it does we will give you notice of this.

An arrangement fee applies when we agree a formal overdraft. The facility is normally reviewed annually and a renewal fee taken if it is renewed.

For details of our fees and charges, please see our Business Banking Price List

* Interest rate benchmarks including the London Interbank Offered Rate (LIBOR) and certain other Interbank Offered Rates (IBORs) are being reformed. These reforms are expected to cause at least some IBORs to perform differently to the way they do currently or to disappear, which may impact the HSBC products and services you currently use and those we provide in the future. Please visit IBOR reforms for further information.

Informal overdraft requests

An informal overdraft request is where you do not contact us in advance and you make payments from your account which, if processed by us, would cause it to go overdrawn or go over an existing formally arranged overdraft limit. Informal overdrafts are available at the Bank’s discretion.

For informal overdrafts where you have an existing formally agreed limit and go over this limit, we charge interest at the rate we have agreed with you on balances up to your facility limit and will charge our Currency Standard Debit Interest Rate3 on any balance over your formally agreed limit, unless otherwise agreed with you.

Where you have no existing formally agreed overdraft limit, we will charge our Currency Standard Debit Interest Rate on all debit balances. Click here to see our interest rates

If you anticipate you may want to make frequent informal overdraft requests, it will be cheaper for you to apply in advance for a formal overdraft.

1 Only available to customers with a Relationship Manager.

2 US Dollar and Euro currencies are available to Business Banking customers. In addition, a further 23 currencies are available to our larger customers. Click here for further details. If you are an existing customer and are unsure whether you are a Business Banking or Corporate customer, please contact your Relationship Manager who will confirm this for you. To be eligible for an International Business Overdraft, you must have a Business Current Account or a Business Deposit Account with the Bank.

3 The current Currency Standard Debit Interest Rate is included within our Business Price List. Click here for further details.

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