The business bank account suited to start up businesses that prefer to use cash and cheques, offering the flexibility of branch, telephone and online banking.
before you start, please note the following important information...
In this section:
"you" and "your" in standard text means our customer;
"you" and "your" in bold text has the following meanings
This section explains how we will use information about you once you have applied for an account. Please refer to the Business Banking Terms and Conditions (PDF) for further details.
Sole Traders, Partnerships, Personal Representatives and Trustees
We may share information with credit reference agencies to verify your identity and suitability for an account using information from the Electoral Register and other public sources If you apply for a current account or credit we may use details of your credit history (together with those of any financial associate with whom your financial records have been linked by the credit reference agencies) to assess your ability to meet your financial commitments.
If your application is for a current account or credit, the credit reference agencies will record details of your application which will form part of your credit history whether or not you proceed If you make several applications for credit within a short period of time, this may temporarily affect your ability to obtain credit.
Incorporated Bodies and Unincorporated Bodies (except Personal Representatives and Trustees)
We may share information with credit reference agencies about you in order to verify your identity using information from the Electoral Register and other public sources connected with your business, charity or body.
If you apply for a current account or credit, we may use details of your credit history to assess your suitability for an account and your ability to meet your financial commitments.
Crime Prevention and Debt Recovery
To prevent crime, verify your identity and to recover debt, we may exchange information (both within the UK and, where appropriate, overseas), with other members of the HSBC Group, and, where appropriate, with fraud prevention agencies, law enforcement agencies, debt recovery agencies and other organisations including other lenders.
If you give us false or inaccurate information and potential fraud is identified, details will be passed to fraud prevention agencies to prevent fraud and money laundering.
The HSBC Group may use and share relevant information about you, your transactions and your relationships with the HSBC Group for credit assessment, customer service, market research, insurance, audit and administrative purposes.
This may include information provided by you, or someone acting on your behalf Where appropriate, (for example if you have relationships with other members of the HSBC Group in other countries) this information may be shared with members of the HSBC Group outside the UK In addition, we may share relevant information about you, your transactions and your relationship with the HSBC Group with our card processing supplier, HSBC Merchant Services LLP for credit assessment, fraud and risk exposure purposes and to facilitate the provision of banking and card processing services to you.
We may use other members of the HSBC Group and/or third parties to process information in accordance with our instructions to provide services on our behalf Whether it is processed in the UK or overseas, your information will be protected, in accordance with data protection legislation, by a strict code of secrecy and security which all members of the HSBC Group, their staff and any third parties are subject to.
Information may also be processed for the purpose of complying with applicable laws, including, without limitation, anti-money laundering and anti-terrorism laws and regulations and fighting crime and terrorism This may require the disclosure of information to a UK or other governmental or regulatory authority or to any other person we reasonably think necessary for these purposes.
Further details about credit reference agencies and fraud prevention agencies and how they use information is set out in our leaflet entitled "Credit Scoring, Credit Reference and Fraud Prevention Agencies" which is available in the "Legal Information" section at the foot of this page or by contacting us (see the contents page of the Business Banking Terms and Conditions (PDF) ).
To ensure that we carry out your instructions accurately, to help us to improve our service and in the interests of security, we may monitor and/or record your telephone calls and other communications with us. Any recordings remain our sole property.
Information about Products and Services
If you agree:
If you do not want to be contacted about such products, services and promotions, please let us know.
Details of all individuals owning 25% or more of the business, if applicable. (If you are a Sole Trader and someone else has invested 25% or more of the capital in your business please visit your local HSBC branch to apply)
(The information provided will be used to assess your application and we will undertake Credit/Fraud Reference Agency searches).
You will be asked for the following information:
- Estimated turnover.
In addition, if you are starting a business;
- Total amount of money invested
- Previous income of owners / directors
- Years of experience in running a business
Or, if you are moving your business bank account to HSBC Bank:
- Details of existing bankers
- Details of existing banking relationship (e.g. cards held, overdraft facilities etc.)
After you have submitted your application online, we will ask for proof of your identity (and any other beneficial owners and/or principle controllers, if applicable)*. The following can be used:
- Current Passport
- Current UK photocard driving licence
- Current UK driving licence (old paper style)
- Current national Identity Card
- Current bank or building society statement or passbook
- A utility bill (e.g. electricity, gas or water, but not mobile phone bills) receipted and showing evidence of payment
- A local authority or council tax bill valid for current year
Click the button below to accept how we will use 'Your Information' and start your online application...
The links on this page will open a new browser window and may:
i) Allow you to access other websites. Please read the linked websites' terms and conditions. HSBC Bank plc has no control over non-HSBC websites and is not liable for your use of them.
ii) Allow you to access another HSBC Group website. Please read the terms and conditions of the linked website, which may differ from the terms and conditions of HSBC Bank plc's website.
1Lines are open 8am - 8pm Monday to Friday (excluding Public Holidays). To help us continually improve our service and in the interests of security, we may monitor and/or record your communications with us