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Student Bank Account

-Banking for study and life
Stay on top of your finances with a straightforward Student Bank Account packed with a range of great benefits that suit whatever stage you're at in your studies.
-The early bird benefits:
--Banking sorted early:
Enjoy the luxury of knowing that your banking is already taken care of. You'll enjoy all the essentials of the Student Bank Account and come A-level results day, just show them proof of your uni place to get upgraded and receive the full benefits of the Student Bank Account.
Please note, credit facilities are only available to customers aged 18 or over.
-The undergraduate benefits:
--Interest-free overdraft:
They'll offer you a guaranteed interest free overdraft of at least £500 at account opening. This could increase to up to a maximum £3,000, subject to status and how you use your account. Plus, they won't charge you any overdraft arrangement fees.
Please note, applicants for overdrafts must be 18 or over.
--Student Bursary Competition:
Over the years they've come to understand the money worries students face. That's why, every year they run their Student Bursary competition. This gives eight students a great head start as they embark on a new journey into student life by giving them £15,000 each. To find out more, visit their facebook page.
--Credit interest:
During your first year, the first £1,000 in your Student Bank Account, will earn interest at 1.5% AER/gross above base rate, current 2% AER/gross variable (does not apply to their postgraduate Student Service.) Interest is calculated daily on the cleared credit balance and is paid monthly.
--AER (Annual Equivalent Rate): This is a notional rate which illustrates what the Gross rate would be if interest were paid and compounded each year.
--Gross: The rate before the deduction of tax applicable to interest on savings.
-The postgraduate benefits:
--Interest-free overdraft:
If you are returning to study, you can apply for an overdraft facility of up to £3,000 interest-free. They'll also guarantee you a minimum limit of at least £500 when you open your account.
To help you know where you stand, when you withdraw cash from an HSBC cashpoint you'll get an on-screen warning if you're nearing your overdraft limit.
current account
Please ensure you can answer YES to the following questions:

-Have you been a resident in the UK, Channel Islands or Isle of Man for at least three years?
-If you don't currently have a HSBC current account, can you provide them with identification


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