HSBC

HSBC is one of the largest banks in both the UK and the world. It’s listed on both the Hong Kong Stock Exchange and the London Stock Exchange. It’s also a member of the FTSE 100.  

HSBC stands for The Hongkong and Shanghai Banking Corporation. It was founded in 1865 in Hong Kong, which was then a British colony. HSBC is now the main subsidiary of HSBC Holdings, which was formed in 1991. 

HSBC offers a full range of banking products, including current accounts, savings accounts, personal loans, mortgages and credit cards. It also offers home and travel insurance, which are underwritten by Aviva, and its own life insurance product.

HSBC
Visit provider's website

We don't get paid for any links on our site.

Bank accounts

Ranked 26th of 28 providers reviewed.

Customer happiness 55.18%
Customer trust 51.12%
Complaints performance 56.74%
Transparency rating 75.76%
Fairer Finance score
Reviewed Spring 2022
60%

Credit cards

Ranked 27th of 30 providers reviewed.

Customer happiness 55.84%
Customer trust 53.1%
Complaints performance 56.75%
Transparency rating 49.77%
Fairer Finance score
Reviewed Spring 2022
54%
Gold ribbon: first place

Home insurance (building and contents)

Ranked 7th of 49 providers reviewed.

Customer happiness 65.64%
Customer trust 63.99%
Complaints performance 74.22%
Transparency rating 71.78%
Fairer Finance score
Reviewed Spring 2022
69%

Investing and pensions

Our ratings for Investing and pensions are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

Gold ribbon: first place

Life insurance

Ranked 8th of 26 providers reviewed.

Claims score 99.40%
Complaints performance 87.98%
Transparency rating 43.8%
Fairer Finance score
Reviewed Autumn 2021
77%

Mortgages

Ranked 13th of 21 providers reviewed.

Customer happiness 57.61%
Customer trust 51.51%
Complaints performance 80%
Transparency rating 55.98%
Fairer Finance score
Reviewed Spring 2022
61%

Personal loans

Ranked 22nd of 25 providers reviewed.

Customer happiness 56.08%
Customer trust 53.47%
Complaints performance 56.75%
Transparency rating 50.95%
Fairer Finance score
Reviewed Spring 2022
54%

Savings accounts

Ranked 39th of 49 providers reviewed.

Customer happiness 45.04%
Customer trust 53.47%
Complaints performance 56.75%
Transparency rating 76.91%
Fairer Finance score
Reviewed Spring 2022
58%

Bank accounts

Basic bank accounts

HSBC

Basic Bank Account

5 stars
Faster Payment limit i £10,000.00
Annual fee i £0.00
Maximum cash machine withdrawal per day i £300.00
Part of FSCS i

Current accounts

HSBC

Advance Bank Account

5 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £500.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

HSBC

Bank Account

4 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £300.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

HSBC

Advance Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Premier Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Student Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Graduate Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Basic Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Overdrafts

HSBC

Premier Bank Account

5 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £500.00
Arranged overdraft interest rate (representative EAR) i 39.9%

HSBC

Advance Bank Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £25.00
Arranged overdraft interest rate (representative EAR) i 39.9%

HSBC

Bank Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £25.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Student bank accounts

HSBC

Graduate Bank Account

4 stars
Arranged overdraft limit i Subject to status
Tiered repayment of overdraft i
Switching / sign up incentive i

HSBC

Student Bank Account

4 stars
Arranged overdraft limit i £3,000.00
Tiered repayment of overdraft i
Switching / sign up incentive i

Credit cards

0% balance transfer credit cards

HSBC

Premier

4 stars
Duration of 0% balance transfer offer period i 18 months
Balance transfer fee during promotional period i 1.4%
Representative APR i 18.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 1.4%
Representative balance transfer rate i 1.456%
Risk based? i

HSBC

Rewards

3 stars
Duration of 0% balance transfer offer period i 6 months
Balance transfer fee during promotional period i 2%
Representative APR i 21.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2%
Representative balance transfer rate i 1.667%
Risk based? i

HSBC

Balance Transfer Credit Card

3 stars
Duration of 0% balance transfer offer period i 33 months
Balance transfer fee during promotional period i 2.7%
Representative APR i 21.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2.7%
Representative balance transfer rate i 1.667%
Risk based? i

HSBC

Purchase Plus

3 stars
Duration of 0% balance transfer offer period i 22 months
Balance transfer fee during promotional period i 2.9%
Representative APR i 22.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2.9%
Representative balance transfer rate i 1.736%
Risk based? i

0% purchase credit cards

HSBC

Purchase Plus

4 stars
Duration of purchases offer period i 23 months
Representative APR i 22.9%
Highest APR i 25.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.736%
Number of days before interest is charged on purchases i 56 days
Risk based? i

HSBC

Premier

4 stars
Duration of purchases offer period i 9 months
Representative APR i 18.9%
Highest APR i 18.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.456%
Number of days before interest is charged on purchases i 56 days
Risk based? i

HSBC

Rewards

4 stars
Duration of purchases offer period i 6 months
Representative APR i 21.9%
Highest APR i 24.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.667%
Number of days before interest is charged on purchases i 56 days
Risk based? i

HSBC

Balance Transfer Credit Card

3 stars
Duration of purchases offer period i 3 months
Representative APR i 21.9%
Highest APR i 24.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.667%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Cashback and reward credit cards

HSBC

Premier World Elite

5 stars
Reward extras i Airport lounge access (LoungeKey programme), Free Wi-Fi (with iPass), 10% discount on hotels booked through Expedia and through Agoda, 12 months Expedia+ Gold membership, 24/7 worldwide assistance, HSBC Premier Privileges (discounts and experiences)
Risk based? i
Annual fee in first year i £195.00
Annual fee after first year i £195.00
Foreign purchase fee i 2.99%

HSBC

Premier

4 stars
Reward extras i Extended warranty cover (2 years on selected household appliances), Airport lounge access (LoungeKey programme), 10% discount on hotels booked through Expedia and through Agoda, 12 months Expedia+ Gold membership, 24/7 worldwide assistance, discounts and experiences available through HSBC Premier Privileges
Risk based? i
Annual fee in first year i £0.00
Annual fee after first year i £0.00
Foreign purchase fee i 2.99%

HSBC

Rewards

1 stars
Reward extras i
Risk based? i
Annual fee in first year i £0.00
Annual fee after first year i £0.00
Foreign purchase fee i 2.99%

Credit builder credit cards

HSBC

Classic

5 stars
Representative APR i 29.9%
Representative cash transaction interest rate i 2.207%
Representative purchase rate i 2.207%
Risk based? i
Initial minimum credit limit i £250.00
Representative balance transfer rate i 2.207%

Foreign use credit cards

HSBC

Balance Transfer Credit Card

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 21.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.667%

HSBC

Purchase Plus

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 22.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.736%

HSBC

Classic

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 29.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 2.207%

HSBC

Premier

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 18.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.456%

HSBC

Premier World Elite

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 59.3%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.456%

HSBC

Student

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 18.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.456%

HSBC

Rewards

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 21.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.667%

Home insurance (building and contents)

HSBC

Home Insurance

4 stars
Matching sets i
Theft from outbuildings cover limit i £3,000.00
Escape of water excess i £50.00
Alternative accommodation cover limit for contents i £10,000.00
Alternative accommodation cover limit for buildings i 20% of sum insured or £80,000
Cover for keys if lost i £1,000.00
Money in the home i £750.00
Replace belongings new for old i
24hr helpline i
Finding and repairing a leak 5000

Buildings insurance

HSBC

Home Insurance

4 stars
Trace and Access i £5,000.00
Cover for keys if lost i £1,000.00
Matching sets i
Alternative accommodation cover limit i 20% of sum insured or £80,000
Cover for keys if stolen i £1,000.00
Compulsory excess i £50.00
Escape of water excess i £50.00
24hr helpline i
Property owner liability i £2,000,000.00

Contents insurance

HSBC

Home Insurance

3 stars
Theft from outbuildings cover limit i £3,000.00
Matching sets i
Cover for keys if lost i £1,000.00
Cover limit for cycles in the home i Part of sum insured
Replace belongings new for old i
Alternative accommodation cover limit i £10,000.00
Money in the home cover limit i £750.00
Cover for keys if stolen i £1,000.00
24hr helpline i

Investing and pensions

Fund and Share Accounts (for high frequency trading)

HSBC

InvestDirect Plus

Our ratings for Fund and Share Accounts (for high frequency trading) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

HSBC

InvestDirect

Our ratings for Fund and Share Accounts (for high frequency trading) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

Fund and Share Accounts (for low frequency trading)

HSBC

InvestDirect

Our ratings for Fund and Share Accounts (for low frequency trading) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

HSBC

InvestDirect Plus

Our ratings for Fund and Share Accounts (for low frequency trading) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.