endobj hb```f` l,8Bo-p``\sDBKk*X@4ceVUPWRPUd HSBC UK debit card: features, fees, and limits [2023] - Wise For more information, please see ourSupported Browsers page. Just fill out our short online form. You can opt out at any time by calling us or asking us in-branch. The figures displayed are given as a guide only. Most of our accounts (excluding Basic Bank Account) come with a buffer of 25 or more. 0000014407 00000 n This website is designed for use in the United Kingdom. HSBC Business Overdraft | Business Banking | HSBC An overdraft is a short-term credit facility for borrowing money on your current account. However, you wont be able to apply for overdrafts, credit cards or loans with this account., The HSBC Bank Account Pay Monthly is designed for people wanting a buffer for unarranged emergency borrowing. What to do ifI have gone over my overdraft limit - Financial Advice If you need a little money to tide you over or cover unexpected expenses, an arranged overdraft can be a useful way of borrowing for the short term. 120 0 obj An overdraft lets you borrow money through your current account. Representative example: Based on an assumed arranged overdraft of1,200for an HSBC Bank Account, the rate is0% EAR (variable)on the first 25,39.9% EAR (variable)on anything above that, giving a representative rate of38.9% APR (variable). Monzo overdraft calculator endobj Why are you writing to some customers about this, but not others? Unarranged Overdraft Interest We will normally charge you unarranged overdraft interest of 39.9% EAR variable on any day your account is in unarranged overdraft. As your account doesn't offer an arranged overdraft, you're not eligible for this support. Some examples are: You can also keep a track of your spendingthrough: Well send you a text message when you go into your arranged or unarranged overdraft (including anyinterest-freeoverdraft amount on your account). Here are some examples of how much it would cost if you borrowed 500 of your agreed overdraft: Interest payable on an overdraft by account name. However, you will have to pay interest on the amount you've borrowed at the applicable overdraft interest rate. If they have, then well write to them at the appropriate time. If you agree an arranged overdraft and then change your mind, you have 14 days to cancel from the date the overdraft was provided, or the day you received a copy of your overdraft agreement (whichever is later). 159 0 obj Find out how wecouldhelp. You can also ask to reduce your limit, or remove your arranged overdraft limit, at any time. Keep visiting ourcost of living hubto stay up to date. 0000021829 00000 n Representative example: Based on an assumed arranged overdraft of1,200for an HSBC Current Account, the rate is 0% EAR (variable) on the first 25,39.9%EAR (variable) thereafter, giving a representative rate of 38.9% APR (variable). When you use your debit card, the amount of the transaction is debited from your account. The maximum monthly charge in interest for going above your overdraft will be 20 per month. When your account is in debit, it means it is overdrawn. It's important to weigh up the pros and cons of having an overdraft. A list of banks in Norway, including more information on some of the biggest and most popular retail banks in the country. HSBC Group | Copyright HSBC Group 2002-2022. You can check what your overdraft limit is at any time by logging into your online banking or into the mobile app. Take a look at ourWays to Borrowpage for more information. <> 0000008262 00000 n 0000012223 00000 n All requests for an HSBC overdraft are subject to your credit status and all overdrafts are repayable on demand. If sole account details are entered, support will be added toALLeligible accounts for that partyonly. You can also get free independent advice from: This support is availableto customers who hold oneof the following accounts: Anyone who's eligible will have until10 May2023 to ask for support. Beforethe end of the 12-month period, well remind you that yoursupportis coming to an end and let you know about any further support you might need. <>/Border[0 0 0]/H/N/OC 128 0 R/Rect[89.2913 629.816 152.241 618.266]/Subtype/Link/Type/Annot>> Ask yourself if you have the right products to meet yourneeds. f Contact tel 03457 404 404. see reverse for call times. These could restrict how much money you can withdraw at once, or spend on your contactless card in a shop, bar or restaurant. . This is a company, or person, that you're paying. Follow HSBC UK on Facebook This link will open in a new window, Follow HSBC UK on Twitter This link will open in a new window, Follow HSBC UK on YouTube This link will open in a new window, Our website doesn't support your browser so please upgrade, View our service status to see how we're doing, Careers, media, investor and corporate information. Request temporary arranged overdraft support, Request temporary arranged overdraft support This link will open in a new window. HSBC UK announces increase to existing overdraft buffer to 500 to help The table below shows how fees are changing across HSBC and its other brands First Direct and M&S Bank. HSBC Group | Copyright HSBC Group 2002-2023. As with many UK-issued debit cards, the HSBC card has a few limits you need to be aware of. endobj 2.75% + extra fee of 2%. If you need help with this form, pleasecontact usand well be happy to help. Best bank accounts for overdrafts - Times Money Mentor To try to help you avoid Overdraft fees, we will send you Overdraft text alerts if we've agreed an informal overdraft on your account. The maximum monthly charge in interest for going above your overdraft will be 20 per month. This could take up to 7 working days as were expecting a high number of requests, so please bear with us. You can use HSBC cash machines, which will warn you if you try to make a withdrawal that might result in you being charged. <> Overdrafts | Bank Account With Overdraft - HSBC UK 50 interest free 'Buffer', HSBC Premier (retained Jade benefits) and Private Banking Account customers, going overdrawn when you have not arranged an overdraft; or, going over/past your arranged overdraft limit (if you have one), interest and fees for going over/past your arranged overdraft limit, fees for each payment your bank allows despite lack of funds; and, fees for each payment your bank refuses due to lack of funds. There may be other service providerswho chargefor this service. HWMo7Q"ZKJ$A}gI}qZ 0%9ooH FF]k5|}mbW5ujeM{uy4JipkewibTz"WGM0Hq]U|c(pf|j{b@G0Osm.iLRZDMUMTo Whenwe get in touch, we will also explain how we may beable to help, in the short and long term, if you're unableto pay this amount. xref Privacy and Security | Terms & Conditions | HSBC Accessibility, This website is designed for use in the USA. If you get this support, we won't charge interest on the first 500 of your arranged overdraft for 12 months. 19.9% EAR variable. endobj 151 0 obj However, in most cases we will try to make your essential payments even if you dont have enough money in your account. Check my eligibility This link will open in a new window, Unarranged Overdraft service not available. It's easy to answer your query online. Representative example:0% EAR (variable)on the first 500,39.9% EAR2(variable)on anything above that, giving a representative annual percentage rate (APR) of21.8% APR3(variable). HSBC . By reducing overdraft use, you could save money. 2023. An Unarranged Overdraft is when your account goes overdrawn and you don't have an arranged overdraft or you go over your arranged overdraft limit. Before you apply for a current account, make sure you have the required information and documents to hand.
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