mid-market exchange rate, and for just a low transparent fee, the fees and benefits of a borderless account, How to Withdraw Money from Revolut Business Account, AIB Business Banking: Everything you need to know, Bank of Scotland Business Online: Everything you need to know, Santander Business Account: Cost, Convenience and Security, Best business bank accounts: What to consider, Opening a Metrobank business account: everything you need to know, Proof of identity - this can be a current passport or photo ID such as a driving license, or a national identity card, Proof of your address - a current bank or building society statement, utility bill or council tax bill which shows your full name and registered address, The address of your business, including contact details and Companies House registration number if relevant, The turnover, or estimated turnover of your business, and the amount invested in it⁶, Information about yourself and any other director or partner in the business, such as your full names, and birth dates, contact details, and details of your existing HSBC bank accounts if you’re already a customer. Current Account . Now open … Each of these accounts is specifically tailored to a segment of the market. This account comes with a debit card, and access to online and mobile banking, as well as in branch banking services.². However, this rate isn’t always passed on to customers. To open a Start Up business account with HSBC, you can complete the application form online, call to talk to customer services, or visit a branch. These banks are big, so they are more flexible and know how to work with different clients, including non-residents. Whether you are at home, in the office, or in other locations, our digital services mean we are always here and available through Online Banking, the HSBC Mobile Banking app, or with Phone Banking. If your business is larger - with a turnover exceeding £2 million a year, the Large Business Organisation Bank Account might be a better choice. Prior results do not guarantee a similar outcome. If you’re opening a large business bank account, you’ll need to provide details of anyone owning 25% or more of the business⁷, For large business banking services: 03457 606060, or 0800 4346933 to arrange a meeting with a commercial manager³. Most UK banks require you to be 18 or over, although some will accept applications from people aged 16 and over. Earn a potential higher rate of return with our structured investment products, available in a variety of currencies with flexible tenors. Non-resident directors and shareholders (over the age of 18 and with a residential address within the EU) can open an HSBC Advance Bank Account, via post or in an HSBC branch. What’s more, you can protect your employees’ health by providing extensive and seamless medical benefits with our Group 100 Plus Medical Plan. Here are some example costs to consider⁸: One thing to look at, if you need international payment services for your business, is the exchange rate used for currency conversion. Every bank is unique, but there are two documents each of them will ask for: 1. a valid passport/a national ID card 2. proof of address in your country of residence Let’s take a closer look at the banks and their requirements. Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. Doing some research in advance can pay big dividends, as the functionality and costs of different accounts can vary widely. When you have to pay employees or suppliers overseas it might seem logical to do this with your bank. Invest in a mix of securities, bonds, currencies and commodities in markets around the world with Unit Trusts. To qualify for the HSBC Premier $450 Welcome Deposit you must: (1) open your new HSBC Premier checking account from January 8, 2021 through and including March 31, 2021; and (2) make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC … Safeguard your supply and sales chain by minimising the risk of bad debt and loss of goods in transit. Are you sure you want to close the window? Each business bank account type has different eligibility requirements. If you’re setting up your own business, or are a business owner already, you might be interested in commercial banking services from HSBC. You may need to provide valid proof of residency, visa and identification documents. The Bank shall be entitled to collect the Customer’s data and provide to HSBC Group member companies and foreign competent authorities for the purpose of ensuring financial crime risk management activity, tax compliance obligations as well as to satisfy requirements … Whether you are at home, in the office, or in other locations, our digital services mean we are always here and available through Online Banking, the HSBC Mobile Banking app, or with Phone Banking. Compare HSBC business bank account fees with other high street banks with our business bank accounts comparison. AIB offers three types of business current accounts. Save time and money with HSBC’s foreign exchange services. Please select the account opening/business account review documents checklist according to your company type: Special 100% Loan Guarantee under the SME Financing Guarantee Scheme, Financing under Export Documentary Collections. In each case you’ll be asked to provide some documents to get your account up and running, including the following: To get a specialist account such as a Client Currency Account, you will also need to provide further details such as your FCA registration and information about the type of work you do.⁵. Our services are aimed at making banking easier for you, so you can focus on your business. A new mobile first UK business bank account designed around you – the small business owner. There are also accounts available for community associations and charities, as well as corporate banking for very large business customers. Although these are valid reasons, easier certainly doesn’t mean cheaper. Yes, you can apply for an account online as long as you are at least 18 years of age, have a Social Security Number, currently have a U.S. residential address/phone number, and have … New customers may get a fixed term fee-free banking period, which is then followed by a further option of a reduced fee product, before switching to the regular prices. The $50 monthly maintenance fee is waived if minimum balance requirements are met: To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment balances OR; Recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account… Apart from the initial deposit of HKD10,000, you need to bring along all required documents to the account opening appointment. It’s a smart idea to compare the rate given to the mid-market exchange rate, which is the one banks use when buying currency, and the one you’ll find on Google. 3 After the Promotion Period, the interest rate for the HSBC Everyday Global Account … Sole trader, start-up founder, or planning on launching your new business soon? Open a business bank account in 3 easy steps: Contact us by submitting the Business Account Enquiry form online. Access HSBC’s expertise with our extensive suite of banking solutions including specialty banking centres, internet banking, phone and self-service banking. Get up to HKD750 in cash rewards when you successfully open an integrated account via the HSBC HK Mobile Banking app and maintain at least HKD50,000 in your account … Trade local securities and apply for Hong Kong IPO shares online to capitalize on market opportunities. You can send and receive payments using TransferWise, with the mid-market exchange rate, and for just a low transparent fee. And there’s more to come in the future. Minimise your business’ financial exposure with comprehensive business insurance solutions – from protecting valuable business assets to complying with regulatory requirements. Most banks won’t convert your money with the mid-market exchange rate when you make an international payment. Our banking services are always within your reach. If you’re between 7-17 years-old you may be able to apply for a children’s bank account.. To open a current account … Instead they add a mark-up and charge you a hidden fee that way. Business Close menu. 5.https://www.business.hsbc.uk/en-gb/everyday-banking/business-accounts/other-business-accounts/client-currency-account?DCSext.nav=tabordion They offer a wide... Santander’s fee varies on the type of account. Or you might be able to save even more time and money by opening a TransferWise borderless account for business, for cheap and secure payments all over the world. 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