How do I open and manage my account?
You are eligible if your business has annual turnover of up to £2 million.
There are no minimum or maximum deposit amounts. You can open and manage the account via the HSBC Kinetic app.
You do not need to open, hold or maintain an account with HSBC to open this account. But if you have a HSBC Kinetic Current Account you will only be able to electronically transfer money from and to this account from and to your HSBC Kinetic Current Account.
If you do not have a HSBC Kinetic Current Account you will be able to electronically transfer money from and to a single nominated account in the UK, Channel Islands or Isle of Man of the same business in the same name with HSBC or another bank.
Can I withdraw money?
Yes, you can make as many withdrawals as you like in cash in branch or by making an electronic payment to your HSBC Kinetic Current Account if you have one or, if you don’t, your nominated account in the same name.
You don’t have to give us any notice, but if you take money out of your account, your interest rate may change.
This is a sterling savings account. Although you can get your money out instantly, it is intended to be used to save money.
- AER stands for annual equivalent rate. A notional rate which illustrates what the gross rate would be if interest was paid and compounded each year
- Gross is the rate of interest if interest was paid and not compounded each year
We believe our products and services should be accessible to all customers. It's why we're committed to increasing accessibility at HSBC.
If you need any of this information in a different format, please let us know. This includes large print, braille, or audio. You can contact us using the HSBC Kinetic app, by visiting one of our branches or by giving us a call.
There are also lots of other options available to help you communicate with us. Some of these are provided by third parties who are responsible for the service. These include a Text Relay Service and a British Sign Language (BSL) Video Relay Service. To find out more, please get in touch. You can also visit: business.hsbc.uk/accessibility.