endobj If you don't bank with us yet, you'll need to open a current account. endobj xref 0000030241 00000 n If you're struggling to pay off your overdraft, here are some tips thatcouldhelp you. 2.75% + extra fee of 2%. So you not only get low fees on overseas spending, but great exchange rates too. 0000008910 00000 n 0000005983 00000 n This could include reducing, suspending or removing your overdraft facility. They are based on assumptions rather than precise calculations. 133 0 obj <> endobj endobj You can also apply for an optional arranged overdraft if you need it., As with the other accounts, the HSBC Bank Account also offers access to discounts and offers with the home&Away rewards programme., If you dont qualify for another current account (for example, if you have a low credit score or poor credit history), then the HSBC Basic Bank Account could be the ideal option., Youll get access to basic banking services, including mobile banking and a contactless HSBC Visa debit card. An unarranged overdraft is when your account goes overdrawn and you dont have an arranged overdraft, or you go over your arranged overdraft limit. EAR stands for effective annual rate. All rights reserved. Repeat use refers to a pattern of overdraft use where the frequency and depth of use may result in high cumulative charges that are harmful to thecustomeror indicate that thecustomeris experiencing or at risk of financial difficulties. 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. We may decline payments that you try to make using an unarranged overdraft. Overdrafts are subject to status and aren't available if you're under 18 or hold an HSBC Basic Bank Account. Always check the interest charged for using your overdraft before you start using it. We'll always consider an unarranged request and will make the payment if we can, subject to status. 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. 123 0 obj 0000035317 00000 n From the 17 November we introduced some new text alerts to let you know when you go into or are due to go into your arranged overdraft. It takes into account not just the interest, but also any other charges you may have to pay, as well as any interest-free amount. hb```f` l,8Bo-p``\sDBKk*X@4ceVUPWRPUd You may need to pay interest for using an overdraft. Consider it equivalent to a payday loan, but with a way better interest rate. However, its important to understand everything associated with your overdraft before using it. These rates wont apply if you have an account with a negotiated rate (where weve separately agreed a non-standard rate for your overdraft). <>/Subtype/Form>>stream An overdraft is a way of borrowing money through your current account. 0000003635 00000 n 0000003313 00000 n After the 12 months is over, well start to apply our full standard overdraft pricing again. We don't offer unarranged overdrafts and will always try to return any transaction that would take an account overdrawn when there is no arranged overdraft limit. Receive an instant decision if you've already got an account. You can also contact us by phone or go to a branch. HSBC . An interest-free overdraft is where you can spend up to a certain amount from your overdraft without being charged interest. Youll then be able to borrow up to that limit without any issues.

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