Provider profileLast checked 8 November 2026
HSBC UK Small Business Banking Account
A high-street business current account with no monthly fee, free UK digital banking, branch and Post Office access, and borrowing up to £100,000.
- Cheapest plan
- £0 a month
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
A business current account from HSBC UK, a high-street bank.
How your money is protected
Eligible deposits with a UK bank fall under the FSCS limit of £120,000 per eligible depositor, per bank. Use the FSCS checker to confirm.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Startups, small businesses and switchers that are UK tax resident, and HSBC says it suits all legal entities. Businesses that need to borrow over £100,000 are pointed to the Business Banking Account (£10 a month after 12 months free for start-ups and switchers). Subject to eligibility and a credit check.
Headline fees
| Fee | Detail |
|---|---|
| Monthly account fee | Free |
| Standard UK digital transfers and debit card payments | Free |
| Branch or Post Office counter cash credit or withdrawal | £1.50 each (free from 14 December 2026) |
| Branch cash in or out | 1.5% of the value (2% from 14 December 2026) |
| Post Office cash in or out | 1.5% of the value |
| Cash machine withdrawals | 25p plus 0.6% (free from 14 December 2026) |
| Cheques | £1.50 per credit plus 50p per cheque; 50p per mobile deposit |
| Commercial cards | £32 a year each after the first 12 months |
Limits worth knowing
- CHAPS, international and SEPA payments aren't part of free digital banking; see the Business Price List.
- HSBC is changing parts of its Business Price List from 14 December 2026.
How it compares
Read our full comparison of Incard and HSBC UK Small Business Banking Account. See all the accounts we've researched.
Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Read Incard vs HSBCWork out your cashbackCheck eligibility
We may earn a commission if you apply.
- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check HSBC UK Small Business Banking Account's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.