Is a HSBC business account right for you?
Read real customer reviews below along with more information about the various banking services HSBC offers to businesses.
HSBC Customer Reviews
Review Summary
Recent Reviews
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HSBC Reviews From Other Websites
HSBC Trustpilot Reviews
| Review Score (out of 5) | Percent 5-Star Reviews | Percent 1-star Reviews | Total Number of Reviews |
|---|---|---|---|
| 1.50 | 7% | 88% | 8,399 |
Source: https://www.trustpilot.com/review/www.hsbc.co.uk
HSBC iPhone & Android App Reviews
| App Type | Review Score (out out 5) | Total Number of Reviews |
|---|---|---|
| iPhone | 4.80 | 1,400,000 |
| Android | 4.80 | 260,000 |
Source:
https://apps.apple.com/gb/app/hsbc-uk-mobile-banking/id1220329065
https://play.google.com/store/apps/details?id=uk.co.hsbc.hsbcukmobilebanking&hl=en_GB
HSBC Basics
| Bank Type | High Street |
| FSCS Protection | Yes, up to £85,000 |
| Branch Locations | UK-wide |
| Card Type | Visa |
| FCA Number | 765112 |
| Online Banking | Yes |
| Mobile Banking | Yes |
| In Person/Branch Banking | Yes |
Customer Support Options
| Phone Support Available | Yes |
| Email Support Available | Yes |
| Support Via Their App | Yes |
| Web Based Support | Yes |
| In person Customer Support | Yes |
HSBC Business Account Types
| Business Current Account | Yes |
| Business Savings Account | Yes |
| Business Credit Card | Yes |
| Business Overdraft | Yes |
| Accounts For Startups | Yes |
| Accounts For Charities | Yes |
| Accounts For Sole Traders | Yes |
| Joint Business Accounts Available | Yes |
Opening A HSBC Business Account
| Can You Apply Online? | Yes |
| How Long Does Opening An Account Typically Take? |
7 to 10 Working days |
| Do They Check Your Credit? | Yes |
| Current Account Switch Service | Yes |
Click to open a HSBC Business Account
HSBC Business Savings
| Types of Business Savings Accounts | Business Money Manager, Business Money Market, Clients Deposit |
| Lowest Savings Rate (AER) | 0.10% |
| Maximum Savings Rate (AER) | 2.02% |
| Minimum Savings Amount | £1 |
Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current HSBC rates
HSBC Fees & Charges
| Free Business Bank Account | Yes |
| Free Business Account Term Length | 12 Months |
| Cheapest Monthly Account Fee | £6.50 |
| Most Expensive Monthly Account Fee | £10 |
| Electronic Payment Cost (in/out) | 35p |
| Cash Payments Cost (in/out) | £1.50 |
| Cheques in/out | 50p per cheque |
| CHAPS Payments Cost | £17 |
| SEPA Payments Cost | 20p |
HSBC Foreign Currency Accounts
| US Dollar (USD) Bank Account | Yes |
| Euro (EUR) Bank Account | Yes |
| Interest Paid On Foreign Currencies | Yes |
Other Currencies Available:
- Australian dollar (AUD)
- Bahraini dinar (BHD)
- Brunei dollar (BND)
- Canadian dollar (CAD)
- Chinese yuan (CNY)
- Czech koruna (CZK)
- Danish krone (DKK)
- Hong Kong dollar (HKD)
- Hungarian forint (HUF)
- Indian rupee (INR)
- Indonesian rupiah (IDR)
- Israeli shekel (ILS)
- Japanese yen (JPY)
- Kuwaiti dinar (KWD)
- Malaysian ringgit (MYR)
- New Zealand dollar (NZD)
- Norwegian krone (NOK)
- Omani rial (OMR)
- Polish zloty (PLN)
- Qatari riyal (QAR)
- Saudi riyal (SAR)
- Singapore dollar (SGD)
- South African rand (ZAR)
- South Korean won (KRW)
- Swiss franc (CHF)
- Swedish krona (SEK)
- Thai baht (THB)
- United Arab Emirates dirham (AED)
Other HSBC Business Services
| Business Loans | Yes |
| Commercial Mortgages | Yes |
| Invoice Financing | Yes |
| International Payments | Yes |
| Merchant Services | Yes |
| Card Machines | Yes |
| Free Accounting Software | No |
Click to visit the HSBC website
Also see:
HSBC vs NatWest
HSBC vs Barclays
HSBC vs Santander
HSBC vs Nationwide
HSBC vs Lloyds Bank
HSBC vs Tide
HSBC vs Virgin Money
For other business bank accounts see out guide here.
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