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HSBC Student Bank Account

The current account that's built for student life
HSBC debit card

Stay on top of your money while you study

Our Student Bank Account makes it easy to manage your finances, and comes with a guaranteed interest-free arranged
overdraft.1 Helping you to make the most of everything student life has to offer.
You'll need to be 18+ and have a confirmed place on a qualifying course at a UK university or college.

Open an account today

It's quick and easy to apply online.

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What you'll get

  • A £1,000 interest-free arranged overdraft
    We'll start you off with guaranteed interest-free limit of £1,000 2 in your first year, which could rise to £3,000 by year three. Your overdraft explained. Overdraft representative example (assumed arranged overdraft £1,200): 0% EAR variable, giving a representative rate of 0% APR variable.2,3 How does our overdraft compare?
    You can compare our overdrafts with other ways of borrowing by looking at the Annual Percentage Rate (APR). APR is the cost of borrowing over a year and lets you compare the costs with other credit products.
  • Easy online and mobile banking
    From checking your balance to paying your bills, you can do it all – quickly and easily – with our online banking or mobile app.
  • Guides to help you master your finances
    Show your money who's boss. If you're new to managing your own budget, our free expert guides will help you do it with confidence.
  • Protection against theft and fraud
    Suspicious activity is picked up by our systems, helping to protect you against fraudsters. And if your card gets lost or stolen, block it in seconds in-app or online.

Our app puts you in control

Stay informed with instant notifications

Get push notifications every time you make a purchase, a Direct Debit leaves your account or your student loan comes in. You'll also be able to spot any unexpected payments right away – giving you a bit more peace of mind.

Settle up in seconds

Need to split the bill? Send money quickly and easily to your friends via our app with PayM. There’s no need to enter any bank details – all you need is your mate's mobile number.

Get help whenever you need it

Something you want to ask about? Just whip out your phone to chat to us in-app. Whatever you need, we're always here. 24/7, 365 days a year.

Things you should know

Overdrafts and unarranged overdrafts

An overdraft lets you borrow money on your current account. An arranged overdraft is where we agree an overdraft limit with you. This can help in months when you have extra expenses. 

An unarranged overdraft is when you make a payment that takes your account over your arranged limit or overdrawn when you don’t have an arranged overdraft in place.

雅博体育appWe’ll always consider an unarranged request and make the payment if we can. Unarranged overdrafts may incur higher fees and result in declined transactions. We report account activity, including overdraft usage, to credit reference agencies. An unarranged overdraft lasting more than 30 days could have a negative impact on your credit rating.

雅博体育appOverdrafts are not suitable for long-term borrowing and usually result in interest.

雅博体育appIf you take an arranged overdraft, you can later ask us to increase, reduce or remove your limit at any time online, by phone or in a branch. 

雅博体育appIf you end your overdraft you’ll have to repay any overdrawn amount and any interest owed. If you want to reduce your limit, you’ll first need to make sure you bring your borrowing down within the new limit.

To find out more, visit our overdrafts page where you can find out if you’re eligible and the overdraft cost calculator.

Overdraft charges during your course

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 2 and £3,000 in year 3, subject to status and how your account has been used. 

Representative example: 0% EAR variable, giving a representative rate of 0% APR variable (assumed arranged overdraft £1,200).2,3

Overdraft charges after you graduate

Once you complete your course, your account will change to an HSBC Graduate Bank 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 how your account has been used).

Any arranged overdraft above these amounts will be charged interest at 39.9% EAR variable.3

Overdraft text alerts

If you’re going to go overdrawn, we provide a couple of tools to help make sure you know about it.

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.

We’ll send you overdraft text alerts if you’ve used or are due to use an arranged or unarranged overdraft on your account. This is to help you monitor your usage and let you know what action you can take to avoid interest.

雅博体育appIf you don't provide your mobile number or let us know when you've changed it, we won't be able to send you these text alerts.

You can opt out of the arranged or unarranged texts at any time by phone, or by going into a branch.

Charges for using your debit card abroad

If you pay for something using your HSBC Visa debit card while you’re outside the UK, you’ll need to pay a ‘non-sterling transaction fee’ of 2.75%. So, for example, if you spent £100, you'd be charged a fee of £2.75.

雅博体育appIf you withdraw money from an ATM, you’ll also need to pay a ‘cash fee’ of 2% (minimum £1.75, maximum £5) as well as the non-sterling transaction fee. So if you took out £100, you’d be charged a total of £4.75.

Any transactions you make will be converted into pound sterling (unless you choose to pay in local currency). To make sure your exchange rate is as competitive as possible, you’ll pay the .

More about using your card abroad

Opening your account is easy

You can apply for a Student Bank Account if you:

  • are 18 or over
  • live in the UK and have lived in the UK, Channel Islands or Isle of Man for at least 3 years
  • don’t have another student account elsewhere
  • have proof you've been accepted onto a qualifying course at a UK university or college
  • have read the important account documents above

First year student? Speed up your application by having your 16-digit UCAS status code handy.

Existing customers

 

雅博体育appAccount all set up? Find out how to activate your card.

 

Going travelling? Your HSBC debit card makes the ideal companion.

 

Moved to a new place? Update your details easily online.

You might be interested in

 

Our Student Credit Card could help you cover unexpected expenses and build a good credit score.

 

Get help on everything from prepping for university to borrowing money as a student.

 

If your overdraft is calling you, make sure you know how it works first.

1. We offer you a guaranteed arranged overdraft of £1,000 when you open your account. The HSBC Student Account is subject to application and an assessment of your financial circumstances.

雅博体育app2. EAR (Effective Annual Rate) takes account of the interest rate, the compounding of interest and how often interest is charged. It doesn’t include any other fees or charges.

How does our overdraft compare?

You can compare our overdrafts with other ways of borrowing by looking at the Annual Percentage Rate (APR). APR is the cost of borrowing over a year and lets you compare the costs with other credit products. Back to 'What you'll get'

3. APR (Annual Percentage Rate) is the rate at which someone who is borrowing money is charged, calculated over a period of twelve months. It takes into account not just the interest, but also any other charges that may have to be paid and any interest free amount". Back to 'Things you should know'

It’s easy to get in touch online. Talk to us directly through our chat channels.