HSBC Review
HSBC is one of the UK's major high street banks and part of one of the world's largest banking groups. It offers current accounts, savings, Cash ISAs, credit cards, loans, mortgages, insurance, investments and international banking services. HSBC is particularly strong for customers with overseas financial needs, thanks to features such as the Global Money Account, Global View and Premier Banking.
Key Features
| FSCS Protection | Yes — eligible deposits protected up to £120,000 per person under the Financial Services Compensation Scheme |
| Monthly Fee | Standard current accounts are available with no monthly fee. Premier is available subject to eligibility criteria |
| Current Accounts | HSBC Bank Account, Advance, Premier, Student and Basic account options available |
| Global Money Account | Multi-currency account for eligible HSBC customers, designed for holding, converting and spending in different currencies |
| Global View | Allows eligible customers to view HSBC accounts held in different countries from one place |
| Savings Accounts | Easy-access savings, Cash ISAs, fixed-rate products and regular savings options available |
| Mortgages | Residential and buy-to-let mortgages available, subject to eligibility and lending criteria |
| Credit Cards | Purchase, balance transfer, rewards and low-rate credit cards may be available, subject to eligibility |
| Mobile App | Account management, payments, spending insights, card controls, biometric login and Secure Key authentication |
| Spending Abroad | Global Money is HSBC's strongest travel feature. Standard current accounts may charge fees for overseas card use |
| Apple Pay / Google Pay | Yes — Apple Pay and Google Pay are supported |
| Premier Banking | Available to eligible customers who meet HSBC's income, savings, investment or mortgage criteria |
| Telephone Banking | Telephone support is available alongside app, online and branch banking |
HSBC at a Glance
- HSBC is a major UK high street bank with a strong international focus. It offers everyday current accounts, savings, mortgages, loans, credit cards and investment services, while its Global Money Account and Global View features make it especially useful for frequent travellers, expats and customers managing money across countries. Eligible deposits are FSCS protected up to £120,000.
HSBC Services
HSBC provides personal current accounts, savings accounts, Cash ISAs, fixed-rate savings, credit cards, personal loans, mortgages, insurance, investments, Premier Banking, international banking, Global Money Account access, Global View, mobile banking, online banking, telephone banking and branch support. Its product range is broad, but its clearest advantage over many UK high street competitors is international banking.
✅ Pros
- Major global banking group with strong UK presence
- FSCS protection up to £120,000
- Global Money Account for multi-currency banking
- Global View for eligible HSBC accounts held in different countries
- Premier Banking available for eligible customers
- Broad product range including current accounts, savings, credit cards, loans, mortgages, insurance and investments
- Useful for expats, frequent travellers and internationally mobile customers
- Apple Pay and Google Pay supported
- Mobile, online, telephone and branch banking available
- Current Account Switch Service participant
- Credit cards and mortgage products available
- International banking support stronger than many high street rivals
⚠️ Cons
- Less compelling for customers with only basic UK banking needs
- Standard overseas card fees may apply outside Global Money features
- Premier Banking eligibility requirements are high
- App budgeting tools are less advanced than Monzo or Starling
- Product range can feel complex
- Some branches have closed as banking shifts online
- Savings rates are not always market leading
- Customer service experiences can vary across such a large organisation
Why We Like HSBC
We like HSBC because it offers something many high street banks cannot match: a genuinely international banking proposition. The Global Money Account is useful for customers who travel, spend in foreign currencies or manage money across borders, while Global View helps eligible customers see HSBC accounts held in different countries. HSBC is not necessarily the most exciting option for simple UK-only banking, but it is one of the strongest high street choices for customers with overseas financial needs.
How We Compare Digital Banks
Compared with other major high street banks such as Barclays, Lloyds, Halifax and NatWest, HSBC stands out most clearly for international banking. Its Global Money Account and Global View features make it particularly attractive to frequent travellers, expats and customers with financial links outside the UK. For everyday UK-only banking, HSBC may not offer the strongest rewards or budgeting tools, and some digital banks may be better for spending insights or fee-free travel. HSBC is best for customers who want a full-service high street bank with genuine global reach.
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Financial Information Disclaimer
The information on this website is provided for general guidance only and may not always reflect the latest fees, rates, or terms offered by each bank. While we do our best to keep content accurate and up-to-date, you should always check the bank's official website or app before applying for an account. Nothing on this site constitutes financial advice.
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