Premier Family accounts

Helping children and grandchildren manage their own money

Understanding and experiencing the value of money is a key life skill you can teach a child and an essential step for them to enjoy their own full lives. HSBC Premier provides specially designed bank and savings accounts to help you do just that.

encourage children to save from the age of 7 with an HSBC Premier MySavings account and the experience of managing a current account from 11 years old with an HSBC Premier MyAccount. HSBC Premier MySavings and HSBC Premier MyAccount are available to children and grandchildren of HSBC Premier customers.*¹
HSBC Premier MyAccount has a contactless debit card that allows them to withdraw up to £100 a day from cash machines in the UK and around the world, without being charged a cash withdrawal fee by HSBC.*²
the child’s accounts will be held in their name, but we allow parents to check them for complete peace of mind
mobile banking, online and telephone banking from the age of 11
access to the Global Safety Net with access to the same emergency services you would receive abroad (HSBC Premier Emergency Helpline: +44 1470 697 168, Enquiries: 03457 404 404, Overseas: +44 1226 261 010)

*1 Parents must be present at account opening for both child and grandchild accounts. Grandparents do not need to be present at the point of account opening but will be required to verify their Premier status.

*2 Some other cash machine operators may apply a direct charge for withdrawals from their cash machines and this should be advised on screen at the time of withdrawal. These transactions are subject to a non-sterling transaction fee, currently 2.75% of the amount of the transaction.

Apply for HSBC Premier MySavings:

To open a Premier MySavings for a child, you must be a Premier customer, for which certain financial and other criteria apply.

Check eligibility and how to apply for HSBC Premier

How do I apply for Premier MySavings

You can apply for a Premier My Savings Account if:

you're 7 to 17
you can provide proof of your identity if your parent or guardian is an HSBC Premier Customer
you and your parent or guardian can provide proof of your identity and address if your parent or guardian isn't an HSBC Premier Customer and you're under 16
you can provide proof of your identity and address if your parent or guardian isn't an HSBC Premier Customer and you're over 16

If your parent/guardian is an HSBC Premier customer

Your parent or guardian can apply for you quickly and easily in minutes online. They will need your valid passport to hand.

We're busier than usual at the moment, so it may take a little longer to process your application. No need to contact us, though - we'll be in touch.

Log on and apply This link will open in a new window

Parents and guardians: please make sure your contact details are up-to-date in online banking.

If your parent/guardian isn't an HSBC Premier customer

You can only apply for Premier MyMoney in-branch. If you're under 16, your parent or guardian must be with you to sign the application.

You can print off the application form and bring it with you or we can print it off for you in branch.

Find a branch near you

Please ensure you can answer YES to the following questions:

are you aged between 7 and 17 years old, a UK resident and the child of a Premier customer?
can you provide proof of your identity and address (PDF)? (if your parents already bank with us you don't need to provide proof of address)

For a full list of types of identification accepted, read Help us Identify you (PDF).

Brochures and key facts

HSBC Premier is subject to status. We'll review your account on a regular basis and if you no longer meet the qualifying criteria, we'll transfer your account to a Bank Account.

Account opening and credit is subject to status. All applicants are required to provide a passport or national ID card and proof of permanent residential address.

Important documents

Before applying, please take the time to read the following documents. You may also want to save them for future reference.

Premier Welcome Brochure (PDF, 628KB) Download

HSBC Premier eligibility criteria

HSBC Premier is available to you, if you pay your annual income into your HSBC Premier Bank Account and have either:

Savings or investments of at least £50,000 with HSBC in the UK; or
An individual annual income of at least £75,000 and one of the following products with HSBC in the UK: a mortgage, investment, life insurance or protection product.

Or if you’ve already qualified for HSBC Premier in another country or region.

HSBC Premier Bank Account eligibility criteria

If you'd like to open an HSBC Premier Account, please ensure you fulfil all the following criteria:

you are 18 years or older
your residential address is within the EU or, if you live outside the EU, you can still apply for a HSBC Premier account subject to local rules and regulations and meeting the UK proof of address
you can provide us with certified proof of your identity and address and one month's bank statements from your current bank (translated into English if appropriate)
if you are resident in the UK, you are happy for us to undertake a credit register search
in order to qualify for lending, savings and travel insurance benefits and preferential rates you will need to be a UK resident. This is subject to status and meeting HSBC's proof of UK address requirement

For eligibility purposes, please note: HSBC in the UK excludes M&S Bank, first direct and HSBC Expat. For the second criteria listed above (‘an individual annual income of at least £75,000 and one of the following products with HSBC in the UK’), in the case of a joint account, at least one of the parties must have an individual annual income of at least £75,000. The investment, life insurance or protection products also include those purchased through one of HSBC's advisers.

HSBC Premier Travel Insurance eligibility criteria

Are you under 70 years of age when your trip starts? Note: When you reach 70, you will no longer be covered by HSBC Premier Travel Insurance.

Are you a resident of the UK, Channel Islands or Isle of Man?

Are you registered with a doctor in the UK, Channel Islands or Isle of Man and liable to pay local taxes?

Are you going to start and finish your trip in the UK, Channel Islands or Isle of Man?

Are there any dependent children aged under 18 at the start of the trip or under 23 if they are in full-time education and live with you outside term time? (Children will only be covered when travelling with the account holder or their domestic partner, or whilst travelling abroad on their own to visit and stay with close relatives for the duration of the trip.)

You will need to call the HSBC Medical Risk Assessment Helpline on 0800 051 7457 before booking your trip if you or any insured person in the last 12 months has been prescribed medication, have received or are awaiting medical treatment, tests or investigations, been referred to a specialist or admitted to hospital for any condition not listed on the accepted conditions list in the 'Your Health' section in the policy booklet. You should also tell us before you travel if there has been any changes to your health or you have been referred to a consultant/specialist or admitted to hospital.

There is no cover for undiagnosed symptoms or any claim where you knew at the time of opening your HSBC Premier Bank Account or booking your trip (whichever is later) that you or your travelling companion may be unable to travel or may need to come home early e.g. illness of a close relative or travel companion.

Pre-existing conditions are not covered at any time under the policy unless listed within the accepted conditions list or have been disclosed to and accepted in writing by the HSBC Medical Risk Assessment Helpline.

You must also declare any serious illness, injury or disease suffered by anyone whose health may cause you to cancel or abandon your travel plans, such as a close relative or travelling companion.

Apply for an HSBC Premier Bank Account

If you meet the eligibility criteria above and are ready to enjoy the benefits of becoming an HSBC Premier customer, take the next step:

Apply online

Non-HSBC customers can apply for a sole HSBC Premier Bank Account Online by clicking below or in branch or by phone.

If you want to apply for a joint account, this can only be done in branch or by phone

Apply for a sole account to apply for HSBC Premier This link will open in a new window

Already a customer?

If you're already an HSBC customer, you can apply in one of our branches.

If you’re a Premier customer in another country or region, please speak to your Premier Manager or your local branch to apply for an account.

Apply in branch

Our branches are offering a limited service because of coronavirus. We aren’t offering our HSBC Premier Bank Account in branches at the moment.

It's usually quickest to apply online, but if you're having trouble with your application, we're here to help - just head to our contact us page.

Apply by phone

Call us on 0800 328 1296

From outside the UK: +44 1226 260 260

Lines are open 8:00 to 20:00 weekdays and 10:00 to 15:00 on Saturdays and Sundays (closed on Bank Holidays).

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