Top of main content

Student Bank Account

For students and apprentices
Students studying outdoor
prime student

£80 Amazon.co.uk Gift Card and 12 months of Prime Student when you open an HSBC Student Account1. T&Cs apply.



student bank account
Current Accounts

HSBC Student Bank Account

For students and apprentices, helping you with your finances:
  • £80 Amazon.co.uk Gift Card and 12 months of Prime Student when you open an HSBC Student Account before 31 December 20181
  • An arranged overdraft2 offer of at least £1000 interest free on account opening, with the option to increase your arranged overdraft as your studies continue3

     

    Representative example (assumed arranged overdraft £1,000): 0% EAR variable.

  • HSBC Regular Saver with a great interest rate of 3% AER/gross up to £3000 fixed for 12 months5
  • Free stuff, discounts, tickets and competitions to help your money go further6
  • See your accounts from different banks together in one place with our Connected Money app7

If you are 18+, UK resident and have accepted a place on a qualifying course you can apply online.

 

If you are an apprentice, please book an appointment in branch and bring proof of your confirmed apprenticeship to your appointment.

switch account money facts

Support for you while you're studying

Man outdoor with headphones

Guaranteed £1000 interest-free arranged overdraft offer

With an HSBC Student Account you get an arranged overdraft2 offer of at least £1000 interest free on account opening, with the option to increase your arranged overdraft as your studies continue3.

 

Representative example (assumed arranged overdraft £1,000): 0% EAR variable.

 

Peace of mind by allowing you to make payments and send money when you have run out of money in your account.

Group of friends outdoor
 

If you’re 18 or over, you can apply for a Student Credit Card. This could be handy in case of unexpected expenses and could help you build a good credit history over time, as long as you make your payments on time and stay under the credit limit.
 

Credit is subject to status, affordability and applicable terms and conditions. 

Cheerful students in the park
 

While you concentrate on your studies, let us help take care of your possessions (subject to limitations and exclusions)

 

With 4 levels of cover to choose from, and up to £250 per incident for accidental damage claims, we can tailor a policy to suit your needs subject to Policy T&Cs

Couple laughing outdoor
 

Put money aside each month and watch your balance grow with an HSBC Regular Saver. 

 

Save up to £3,000 at a great interest rate of 3% AER that's fixed for 12 months5

 

You can start your account by saving just £25 per month by standing order from your HSBC current account.

*Restrictions apply, see www.amazon.co.uk/gc-legal

  Disclaimer for Amazon.co.uk Gift Card

How HSBC Student Bank Account can help you

1Amazon Gift Card and Prime Student

Offer available to students or apprentices in their first year of a qualifying course and who fully open an HSBC Student Account by 31 December 2018. Account subject to status, you must be UK resident and 18+.

Within 7 days of fully opening your HSBC Student Bank Account you will receive an email instructing you how to register for Student Exclusives and where you qualify how to redeem your £80 Amazon Gift Card and Prime Student.

In the event of non-receipt please check your spam or junk email folder however you may still be able to register via.

https://studentexclusives.hsbc.co.uk/register

At registration you will be asked to enter your email address and date of birth. Ensure you use the date of birth and email address used when you opened your HSBC Student Bank Account. If you have changed you email address since opening your account please contact us on 03457 404 404, or visit your local branch. Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). Calls may be recorded.

For further assistance on redeeming the Amazon Gift Card and Prime Student please contact the HSBC Student Exclusives Helpline hosted by MLP on behalf of HSBC on 01565 831135 (Lines open Monday to Friday 9am to 5.30pm. Please note that calls are recorded for training purposes).

Prime Student is a service provided by Amazon.co.uk. Amazon.co.uk is not a sponsor of this promotion. Restrictions apply, see www.amazon.co.uk/gc-legal.

2,3Interest-free overdraft

We offer you a guaranteed interest-free arranged overdraft of £1,000 when you open your account. You can request an increase of up to £2,000 in year two and £3,000 in year 3, subject to status and account conduct. 

Representative example (assumed arranged overdraft £1,000): 0% EAR variable.

Please note, applicants for overdrafts must be 18 or over. If you try to make a withdrawal at any HSBC cash machine that would take you over your arranged overdraft limit, you'll get an on-screen alert to let you know how much money you have available to withdraw.

In year 4+,  on completing your course you will move onto our Graduate account. You may be eligible for an overdraft facility, of which £1,500 will be interest-free during your first year and £1,000 in your second year after graduation (subject to status and account conduct). Additional arranged overdraft agreed above your interest free entitlement will be charged at 19.9% EAR variable.

Representative examples (Assumed arranged overdraft £1,200):

1st year graduate: Up to £1,500 - 0% EAR (variable). Anything above £1,500 - 19.9% EAR (variable)

2nd year graduate: Up to £1,000 - 0% EAR (variable). Anything above £1,000 - 19.9% EAR (variable)

You can also sign up to receive text alerts when your account balance drops below a certain amount. To set up a text alert, call us on 03457 404 404. Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). Calls may be recorded.

4Student Credit Card

If you're 18 or over, you can apply for a Student Credit Card with a credit limit of up to £500. Handy for emergencies, it's available subject to status and account conduct.

5Regular Saver

The fixed preferential rate of 3% AER/gross over 12 months is available to HSBC Student Account customers. With Regular Saver, you save money over a 12-month fixed period. Partial withdrawals are not permitted. If you close your account early, you'll receive interest at our Flexible Saver rate. 

Save between £25 and £250 per month by standing order for a fixed term of 12 months. If you do not save £250 in any given month you can carry over any unused subscription to following months.

Interest is calculated on the daily cleared balance on your Regular Saver and we will pay this to your Regular Saver on the anniversary of the date your account was opened. You can only hold one Regular Saver Account at any given time.

At the end of 12 months we'll transfer your account balance into your Instant Access Savings, Flexible Saver or Premier Savings. If you have more than one of these accounts we'll pay your savings into the account which pays the best interest. And if you don't have any of these accounts, we'll convert your Regular Saver to a Flexible Saver.  Please note that the money will only be moved into accounts that have exactly the same sole or joint names as the Regular Saver account

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year. Gross is the interest rate you’ll receive before applicable tax is deducted from your account.

If you save £250 every month for 12 months and qualify for the 3% interest rate, you'll earn approximately £48.95 interest (gross)

6Student exclusives

Let us give you a bit of help with freebies, tickets, competitions and vouchers to help you make your money go that bit further.

More details at www.studentexclusives.hsbc.co.uk

7Connected Money

For HSBC UK customers only with Online Banking & iPhone, iOS 10 or above. T&C’s apply. iPhone is a trademark of Apple Inc. registered in the U.S and other countries.

Apply for HSBC Student Bank Account

Apply online

If you are 18+, UK resident and have accepted a place on a qualifying course you can apply online.

If you are an apprentice, please book an appointment in branch and bring proof of your confirmed apprenticeship to your appointment.

Things you should know

We're here to help you. Find the answers and while you're at it, tell us how we could do better.