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An Overdraft is a short-term credit facility. Overdrafts are primarily intended for short-term borrowing, and are not generally suitable for longer-term borrowing. Use of an overdraft will normally result in you being charged interest.

An Arranged Overdraft is where we agree an overdraft with a limit with you before your account goes overdrawn or over your current arranged overdraft limit.

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.

An Unarranged Overdraft may adversely affect your credit rating. We may decline payments that you try to make using an unarranged overdraft. We will, subject to our overriding obligations to you as a responsible lender, try to make your essential payments even if you do not have sufficient cleared funds in your account and the payment would take you over any arranged overdraft facility.

We will report to Credit Reference Agencies, accounts that have been in a continuous unarranged overdraft for 30 or more days, which could negatively affect your credit file and your ability to get credit in the future. We will also report as standard, any arranged overdraft limit and overdraft usage for all current accounts.

An account for two years that gives you more

® Interest-free arranged overdraft available subject to status, an assessment of your financial circumstances and account conduct. Arranged overdraft of up to £1,500 in the first year and up to £1,000 in the second year.

Representative Example (assumed arranged overdraft of £1,200):Year 1: 0% on the first £1,500, 39.9% EAR variable thereafter, giving a representative rate of 0% APR variable.

Year 2: 0% on the first £1,000, 39.9% EAR variable thereafter, giving a representative rate of 5.8% APR variable.

® Access to Regular Saver.

Congratulations. All that studying is behind you and you’re on the verge of an exciting new chapter.

HSBC: helping you after you graduate

Yet in the middle of all this change, one thing you don’t want to worry about is your banking. That’s why our Graduate Bank Account offers you benefits, rates and services designed to make the transition from study to career that much easier.

And all the essentials ® 24/7 Online and Telephone Banking, subject to scheduled maintenance periods.

® HSBC Mobile Banking App to manage your money on the move.

® Make purchases and cash withdrawals outside the UK using your HSBC debit card. These transactions are subject to a Non-Sterling Transaction Fee, currently 2.75% of the amount of the transaction. There is also a Non-Sterling Cash Fee currently 2% (minimum £1.75, maximum £5) for withdrawals at cash machines. Please see Important information on page 6 of this brochure.

® Standing order/Direct Debit facility.

® Monthly statements.


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An Overdraft is a short-term credit facility. Overdrafts are primarily intended for short-term borrowing, and are not generally suitable for longer-term borrowing. Use of an overdraft will normally result in you being charged interest.

An Arranged Overdraft is where we agree an overdraft with a limit with you before your account goes overdrawn or over your current arranged overdraft limit.

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.

An Unarranged Overdraft may adversely affect your credit rating. We may decline payments that you try to make using an unarranged overdraft. We will, subject to our overriding obligations to you as a responsible lender, try to make your essential payments even if you do not have sufficient cleared funds in your account and the payment would take you over any arranged overdraft facility.

We will report to Credit Reference Agencies, accounts that have been in a continuous unarranged overdraft for 30 or more days, which could negatively affect your credit file and your ability to get credit in the future. We will also report as standard, any arranged overdraft limit and overdraft usage for all current accounts.

Use our Overdraft eligibility tool and costs calculator at hsbc.co.uk/overdrafts to find out more about our overdraft service before applying for or changing an arranged overdraft.

If you agree an arranged overdraft and then change your mind, you have 14 days from the date we provided the overdraft or the day you received a copy of your overdraft agreement (whichever is later) to cancel. You can also ask us to reduce your limit or remove your arranged overdraft limit at any time. This can be done via online banking, calling us on 03457 404 404 or by visiting a branch. You will have to repay any overdrawn amount plus any interest for the period you’ve had it.

If you wish to re-apply for a new or increase an arranged overdraft limit this will be subject to a full application.

Congratulations. All that studying is behind you and you’re on the verge of an exciting new chapter.

HSBC: helping you after you graduate

Yet in the middle of all this change, one thing you don’t want to worry about is your banking. That’s why our Graduate Bank Account offers you benefits, rates and services designed to make the transition from study to career that much easier.

Representative Example (assumed arranged overdraft of £1,200):Year 1: 0% on the first £1,500, 39.9% EAR variable thereafter, giving a representative rate of 0% APR variable.

Year 2: 0% on the first £1,000, 39.9% EAR variable thereafter, giving a representative rate of 5.8% APR variable.

And all the essentials ® 24/7 Online and Telephone Banking, subject to scheduled maintenance periods.

® HSBC Mobile Banking App to manage your money on the move.

® Make purchases and cash withdrawals outside the UK using your HSBC debit card. These transactions are subject to a Non-Sterling Transaction Fee, currently 2.75% of the amount of the transaction. There is also a Non-Sterling Cash Fee currently 2% (minimum £1.75, maximum £5) for withdrawals at cash machines. Please see Important information on page 6 of this brochure.

® Standing order/Direct Debit facility.

® Monthly statements.


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It can take some time to shake off student debt. Therefore, to help you through the changes ahead, we’ll only charge interest on any overdraft balance exceeding your interest-free entitlement. Please see our Personal Banking Terms and Conditions and Charges for details. Please remember all credit is subject to status, an assessment of your financial circumstances and account conduct.

Overdraft Text AlertsWhere we have a valid UK mobile number for you we’ll send you texts to let you know about your overdraft usage and to help you avoid being charged overdraft interest.

We’ll send text alerts when you have entered or we are aware that later in the day you are due to enter:

® your arranged overdraft – so you are aware of your usage

® your unarranged overdraft – so you are aware of your usage and can take steps that day to avoid being charged unarranged overdraft interest.

We’ll also text you to let you know if your arranged overdraft limit is reducing.

If you don’t provide your mobile number, or let us know you’ve changed it, we won’t be able to send them and you may incur avoidable overdraft interest.

You can opt out of arranged or unarranged overdraft texts at any time by calling us on 03457 404 404 or by calling into branch.

For more information about our overdraft service, please see our Making sense of overdrafts brochure.

Regular SaverAs a Graduate customer you’ll have access to a Regular Saver.

You can save from as little as £25 a month by standing order for a fixed term of 12 months. The monthly subscription limit is £250. However, if you don’t save £250 in any given month, you can carry over any unused subscription to the following months. You can save up to a maximum of £3,000 a year into this account.

The rate is fixed for 12 months and no partial withdrawals are allowed. If you decide to close your account before the first anniversary you’ll receive interest at our Flexible Saver rate. Please see our Savings rates at hsbc.co.uk/savings for details.

Manage your money anytime

24-hour access to your moneyOnline BankingOur Secure Key and personalised login combination gives you peace of mind that your account details are protected.

® Access your account 24/7, subject to maintenance periods

® Pay bills and send money to friends and family quickly, easily and securely

® Send money between your UK HSBC accounts in an instant

® View balances and statements to keep track of your transactions

® Manage your standing orders and Direct Debits

To register, simply visit hsbc.co.uk and follow the on-screen instructions. If you’re new to HSBC you’ll need to set up a security number first by calling us on 03457 400 004 (lines open 8am to 10pm every day). If you’d prefer to talk to someone in person, just ask a member of our team – they’ll be happy to help.

Mobile BankingBank on the go with the HSBC Mobile Banking App available for iPhone, iPad, iPod touch and Android™ devices. It lets you manage your accounts easily from your mobile phone. You can view your balances and your last 90 transactions, make bill payments to existing beneficiaries and also send money between your HSBC personal accounts.

iPhone, iPod touch and iPad are trademarks of Apple Inc, and App Store is a service mark of Apple Inc. Android™ and Google Play™ are trademarks of Google Inc.


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Regular SaverAs a Graduate customer you’ll have access to a Regular Saver.

You can save from as little as £25 a month by standing order for a fixed term of 12 months. The monthly subscription limit is £250. However, if you don’t save £250 in any given month, you can carry over any unused subscription to the following months. You can save up to a maximum of £3,000 a year into this account.

The rate is fixed for 12 months and no partial withdrawals are allowed. If you decide to close your account before the first anniversary you’ll receive interest at our Flexible Saver rate. Please see our Savings rates at hsbc.co.uk/savings for details.

Manage your money anytime

24-hour access to your moneyOnline BankingOur Secure Key and personalised login combination gives you peace of mind that your account details are protected.

® Access your account 24/7, subject to maintenance periods

® Pay bills and send money to friends and family quickly, easily and securely

® Send money between your UK HSBC accounts in an instant

® View balances and statements to keep track of your transactions

® Manage your standing orders and Direct Debits

To register, simply visit hsbc.co.uk and follow the on-screen instructions. If you’re new to HSBC you’ll need to set up a security number first by calling us on 03457 400 004 (lines open 8am to 10pm every day). If you’d prefer to talk to someone in person, just ask a member of our team – they’ll be happy to help.

Mobile BankingBank on the go with the HSBC Mobile Banking App available for iPhone, iPad, iPod touch and Android™ devices. It lets you manage your accounts easily from your mobile phone. You can view your balances and your last 90 transactions, make bill payments to existing beneficiaries and also send money between your HSBC personal accounts.

iPhone, iPod touch and iPad are trademarks of Apple Inc, and App Store is a service mark of Apple Inc. Android™ and Google Play™ are trademarks of Google Inc.

To download just visit the App Store and Google Play™ storefronts and follow the instructions.

Pay them with PaymUsing Paym you can use the HSBC Mobile Banking App to send money to your friends and family using just their mobile number. Register for the mobile payment service with us and wherever you are or whatever you’re doing, it will be easy to pay someone back. Terms and conditions apply.

To find out more and register, go to our website: hsbc.co.uk/paym or see the HSBC Mobile Banking App.

Text alertsA great tool to help keep track of your money and keep your finances in check. You can request weekly or monthly balance and mini-statements to be sent to your phone on the day of your choice. Text alerts can also tell you when:

® Your balance has fallen below a specific amount – great if you’re close to your limit

® Your balance has reached a specific amount, set by you

® A lump sum has been deposited in your account eg your salary

® A lump sum has been withdrawn from your account eg your rent.


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About usHSBC UK Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. We are a financial services organisation and banking institution. The Financial Conduct Authority is the supervisory authority under Consumer Credit Act 1974. Its address is 12 Endeavour Square, London, E20 1JN. HSBC UK Bank plc is entered in the Financial Services Register under reference number 765112. You can check this on the Financial Services Register by visiting the Financial Conduct Authority website fca.org.uk or by contacting the Financial Conduct Authority on 0800 111 6768.

Further information and written details about our products and services are available from any branch or from: Customer Information: PO Box 760, 1 The Forum, Parkway, Fareham PO14 9TE.

Important information

Compensation Your Bank or Savings Account with HSBC UK Bank plc is protected up to the FSCS compensation limit by the Financial Services Compensation Scheme, the UK’s deposit protection scheme (most deposits are covered by the scheme). For more information, please visit the FSCS website at fscs.org.uk and the HSBC Personal Banking Terms and Conditions and Charges.

Complaints If you have a concern please let your local branch manager or the manager of the department concerned know. We’ll endeavour to resolve any issues and put matters right. If your concern is not settled to your satisfaction you may be able to refer it to the Financial Ombudsman Scheme in the UK. Our ‘Listening to your comments’ leaflet contains further details.


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Important information

Compensation Your Bank or Savings Account with HSBC UK Bank plc is protected up to the FSCS compensation limit by the Financial Services Compensation Scheme, the UK’s deposit protection scheme (most deposits are covered by the scheme). For more information, please visit the FSCS website at fscs.org.uk and the HSBC Personal Banking Terms and Conditions and Charges.

Complaints If you have a concern please let your local branch manager or the manager of the department concerned know. We’ll endeavour to resolve any issues and put matters right. If your concern is not settled to your satisfaction you may be able to refer it to the Financial Ombudsman Scheme in the UK. Our ‘Listening to your comments’ leaflet contains further details.


For more information about your Graduate Bank Account and our charges and interest rates:

Click hsbc.co.uk/current-accounts/products/graduate

Visit your local branch

Connect with our HSBC Mobile Banking App

Call 03457 404 404 (textphone 0800 028 0126)

Lines are open 8am to 10pm every day. To help us continually improve our service, and in the interests of security, we may monitor and/or record your communications with us.

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hsbc.co.uk

HSBC UK Bank plc. Registered in England and Wales with number 09928412. Registered Office: 1 Centenary Square, Birmingham B1 1HQ, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 765112.

Customer Information: PO Box 760, 1 The Forum, Parkway, Fareham PO14 9TE.

RFB1780 MCP54654 AC17202 ©HSBC Group 2020. All Rights Reserved.

AccessibilityTo find out more about our accessible services please visit hsbc.co.uk/accessibility or ask at any of our branches.

If you’d like this in another format such as large print, Braille or audio, please contact us. A textphone service is available for customers withhearing and/or speech impairments. If you use your own textphone you can call us on

03457 125 563 (+44 207 088 2077 from outside the UK).

BSL Video Relay Service is also available (Monday-Friday 8am-6pm, excluding Bank and Public Holidays) at hsbc.co.uk/accessibility.


Documents

PMS ??? Bn Aount PMS ??? Non-printing Wherever your ... · arranged overdraft limit. An Unarranged Overdraft is when your account goes overdrawn and you don’t have an arranged overdraft