Simple and straightforward banking. Switch to our 1st account with no monthly fee and get £175 – we’re not over there on the high street, we’re right here, when and where you need us.
We offer a current account that helps you save, borrow and manage your money, whenever is right for you. You could enjoy...
a £250 interest-free overdraft (subject to status); 0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200).
access to our 7.00% AER/gross Regular Saver Account. Regular saver rate is fixed for 12 months.
No first direct debit card fees when spending abroad
It gets even better than no first direct debit card fees when spending abroad. There's also no first direct fees for withdrawing cash from a cash machine outside the UK, or when making a debit card payment in a foreign currency in the UK.
Of course, even though you'll pay no first direct fees, you may still be charged for fees that are outside of our control. For example, some cash machine operators may apply a direct charge for withdrawals from their cash machines (this should be advised on screen at the time of withdrawal).
*Within 45 days of your account opening,
- You need to: switch to us using the Current Account Switch Service (CASS) (including at least 2 Direct Debits or standing orders),
- Deposit £1,000,
- Make 5+ debit card payments
- Log on to digital banking.
- New customers only (who has not previously held a first direct product, or has opened an HSBC current account on or after 1 January 2018)
(T&Cs apply)
Approved for use by HSBC UK Bank plc, April 2026.
Overdraft representative example
How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.
0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200).
For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply.
Regular Saver information - Put away between £25 and £300 for a fixed 12 month term. If you save £300 every month for 12 months and qualify for the 7.00% AER/gross p.a. interest rate, you'll earn approximately £136.50 interest (gross). Interest is calculated daily and paid 12 months after you opened the account.
AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year. Gross is the rate of interest if interest were paid and not compounded each year. No partial withdrawals allowed. Early closure will result in interest being paid at the standard account variable rate.
This offer can be withdrawn at any time.
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