HSBC debit card

Stay on top of your money while you study

Heading off to uni or starting out as an apprentice? Our Student Bank Account is jam-packed with perks to help you make the most of your newfound independence.
To be eligible, we'll need to see proof you've been accepted onto an undergraduate course via UCAS or a higher level or degree level apprenticeship.

Open an account today

It's quick and easy to apply online.

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What you'll get

  • Get up to £1,000 interest-free in year one, which can grow to £3,000 by year three. 1
  • Smart mobile banking
    Pay your bills. Check your balance. Block your card if you lose it. You can do it all in a few taps with our Mobile Banking app.
  • 24/7 customer support
    Got a question? Get in touch. Call us 24 hours a day, any day of the year, and our customer service team will be happy to help. 2
  • An easy way to pay mates
    Need to split that taxi fare? You can do it easily in our app with Paym – all you need is your friend’s number.

What else is included?

Access to savings accounts

Build up a nice little nest egg. As a Student Account customer you can open a Regular Saver and Loyalty ISA. So as well as working for your future, you can save for it too.

Explore our savings products

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.

We’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.

Overdrafts are not suitable for long-term borrowing and usually result in interest.

If 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. 

If 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 overdraft cost calculator.

Overdraft charges during your course or apprenticeship

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% EAR3 variable, giving a representative rate of 0% APR4 variable (assumed arranged overdraft £1,200).

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.

If you don't provide your UK 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.

If 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 exchange rate set by Visa

More about using your card abroad

Who can apply?

You can apply for a Student Bank Account if you:

  • are 18 or older
  • have been living in the UK, Channel Islands or Isle of Man for at least 3 years and currently live in the UK
  • can provide ID and proof of address if you don’t already have an HSBC account
  • don’t have another student account elsewhere
  • have proof of acceptance of an unconditional offer (or have met the terms of a conditional offer) for a qualifying course or
  • have an apprentice contract or letter from your apprenticeship learning provider

If you're an international student, you won't be eligible for this account. Instead, you can apply for an HSBC Bank Account.

How to apply

Please make sure you read the important information in the 'Things you should know' section before applying.

Services in our branches are currently limited because of the coronavirus outbreak. Unfortunately we are unable to offer new products or set up appointments at the moment.

We’re also receiving far more calls than usual, so our wait times are longer. Please only call us if it’s urgent, so we can help those most in need.

Apply online

You can apply online if you've been accepted on a qualifying course and you're 18 or over, live in the UK and have been a UK, Channel Islands or Isle of Man resident for at least 3 years.

Apply in branch

If you're an apprentice, you need to book an appointment in branch and bring proof of your confirmed apprenticeship with you.

Existing customers

 

Account all set up? Find out how to activate your card.

 

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

You might be interested in

 

Our student credit card could help you cover unexpected expenses and build a good credit score.

 

Find out how to budget like a pro – one of the most valuable skills you can learn.

 

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

1. Representative example (assumed arranged overdraft £1,200): 0% EAR variable, giving a representative rate of 0% APR variableBack to 'What you'll get'

2. Our telephone, online and mobile banking services are open 24 hours a day subject to scheduled maintenance periods. To help us offer the best service, we may monitor and/or record your calls with us. Back to 'What you'll get'

3. EAR means effective annual rate. This is how all UK banks must show interest rates on their overdrafts, to make it easier for you to compare one bank’s overdraft with another. Please note that it doesn’t include any fees you might be charged in addition to interest. Back to 'Things you should know'

4.  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'