HSBC is the high-street incumbent’s answer to the challenger banks: branch access, a named relationship manager and a full lending suite. What most comparisons get wrong is the price. The Small Business Banking Account has no monthly fee at all.
The cost sits somewhere less obvious. Every time you walk cash or a cheque into a branch, HSBC charges for it, and if you want the named relationship manager you need the other account, which is £10 a month. This review works out which of those two you actually want, and whether a free challenger does the same job for a business that never walks into a branch. We took the figures from HSBC’s Business Price List, dated 15 December 2025, and checked them again in August 2026.
HSBC Business Account at a Glance
Our Verdict
You need HSBC if your business is growing and you want a credit facility available before you actually need it, or if you make regular international payments. The infrastructure here matters in ways a mobile-only challenger can’t replicate.
Where it costs you is the branch. Paying in £800 of takings runs to £13.50, because HSBC charges £1.50 for the credit and then takes 1.5% of the money itself. Do that every week and you hand back £702 over a year, on an account that advertises no monthly fee at all.
The other limitation worth knowing before you apply is the accounting integration gap: no native direct feed to Xero, QuickBooks, or Sage. We confirmed pricing and product terms from HSBC’s Business Price List, dated 15 December 2025, in August 2026.
Best For
Established businesses and growing SMEs that need branch access, a named relationship manager, and credit facilities. Particularly suited to businesses holding larger working capital balances, making regular cash deposits, or wanting a lending relationship in place before they actually need credit.
Not Ideal For
Digital-only operations with no cash handling needs are better served by Starling or Monzo. Those whose accounting workflow depends on a direct bank feed to Xero, QuickBooks, or Sage.
Businesses that need same-day account opening, or those whose primary requirement is zero-cost daily banking with no credit facility needed.
Key Facts
No monthly fee on the Small Business Banking Account. The Business Banking Account, the one that comes with a named relationship manager, is £10 a month after 12 months free. Electronic UK transfers are free on both. Cash paid in at a branch costs £1.50 per credit plus 1.5% of the value, and each cheque paid in costs 50p. We took these from HSBC’s Business Price List, dated 15 December 2025.
FSCS protection up to £120,000 per eligible depositor (PRA-regulated). 600+ UK branches. Dedicated relationship managers. Business overdraft, term loans, and asset finance available subject to credit.
No native Xero, QuickBooks, or Sage feed. Trustpilot 2.2 aggregate (April 2026). Sole traders, LTDs, partnerships eligible.
What Is HSBC Business Account and How Does It Work?
How the Account Works
The account includes a Visa debit card, online and mobile banking, branch access at over 600 UK locations, and free electronic transfers. HSBC UK Bank plc is PRA-regulated and FCA-authorised. We confirmed the account structure from HSBC’s business banking pages in August 2026.
The Small Business Banking Account has no monthly fee. Electronic UK transfers are free. Cash and cheques cost you per item: £1.50 for the branch credit, 1.5% of any cash in it, and 50p for each cheque. A cheque you write costs £1.
The Business Banking Account is the step up, at £10 a month with the first 12 months free for start-ups and switchers. It is aimed at businesses borrowing above £100,000, and it is the only one of the two that comes with a dedicated relationship manager. HSBC Kinetic, its old app-first account, no longer takes new applications and has come off HSBC’s account comparison page.
Who the Account Is Designed For
HSBC targets established businesses and growing SMEs that need more than a simple current account. The product is built around branch banking, relationship manager access, and credit facilities.
It suits businesses that hold significant working capital, make regular cash deposits, or want a formal lending relationship with their bank.
If your business manages everything by app and never handles cash, HSBC costs you nothing to hold, but it also gives you nothing a challenger does not. Starling provides FSCS protection and free transfers at £0 a month for that profile, with a better app and a live Xero feed.
How to Open an Account
You apply online or in branch. For limited companies, you’ll need Companies House registration and director identification. Higher-turnover businesses seeking credit may need additional documentation.
The timeline needs to allow several business days, not hours. Starling and Tide open same-day. HSBC may require a relationship manager call or in-branch appointment for complex structures. If you need an account this week, a challenger is faster.
If you are an existing HSBC personal customer, you may receive preferential application treatment.
Account Plans and Pricing
Free and Paid Plans
HSBC runs two business current accounts, not one. The Small Business Banking Account is for businesses turning over up to £6.5m with fewer than 50 staff and borrowing needs under £100,000. It has no monthly fee. The Business Banking Account is £10 a month and carries a dedicated relationship manager.
One widely-repeated claim needs correcting. HSBC stopped offering the 12-month free banking period on new Small Business Banking Accounts on 1 July 2025. There is nothing left to make free, because that account has no monthly fee. The free year now applies only to the £10 Business Banking Account, and only to start-ups and switchers.
Monthly Fees
You pay nothing at all to hold the Small Business Banking Account, and £10 a month for the Business Banking Account after its free year. Starling is £0 a month; Barclays is £8.50 after its free period; Lloyds is £10. We took the HSBC figures from its Business Price List, dated 15 December 2025.
| Fee Type | Cost |
|---|---|
| Monthly fee, Small Business Banking Account | None |
| Monthly fee, Business Banking Account | £10 (first 12 months free) |
| Incoming UK faster payment | Free |
| Outgoing UK faster payment | Free |
| Debit card payment | Free |
| Paying in at a branch or Post Office | £1.50 per credit |
| Cash paid in, on top of that credit charge | 1.5% of the value |
| Cheque paid in | 50p per cheque |
| Cheque you write | £1 per cheque |
| Cash out at a branch or Post Office | £1.50 plus 1.5% of the value |
| Cash machine withdrawal | 25p plus 0.60% of the value |
| Same-day high-value UK transfer (CHAPS), online | £17 |
| International payment, online | £17 |
| Every figure taken from HSBC’s Business Price List, effective 15 December 2025, checked 26 August 2026. Charges exclude VAT where it applies. HSBC does not publish overdraft or loan rates; it sets those in the facility letter when it makes you an offer. | |
Transaction and Transfer Fees
Electronic UK transfers are free: no per-transaction charge on domestic faster payments. At 100 payments/month, Tide costs £20 in transfer fees; HSBC costs nothing. We confirmed the free transfer structure from HSBC’s Business Price List, dated 15 December 2025.
Same-day high-value UK transfers and international payments are the exception. Each costs £17 through Business Internet Banking. Send the same payment by phone or in a branch and it is £20 to another HSBC account or £30 to any other bank. By post it is £40. A euro payment inside Europe costs 24p.
Cash Deposit, ATM and Card Charges
None of these charges appear on the account page, so we read the price list itself. If you bank cash regularly, this is where HSBC gets expensive. Paying in costs £1.50 for the credit plus 1.5% of the money. On £400 that is £7.50; on £800 it is £13.50. The Post Office charges the same. Taking cash out over a counter costs the same again, £1.50 plus 1.5%.
A cash machine is cheaper: 25p per withdrawal plus 0.60% of the value in the UK. The Visa debit card is free to use for purchases in sterling. On the international business account, a non-sterling card payment costs 2.75% of the converted amount, and a non-sterling cash withdrawal adds a further 1.50%, with a £1.75 minimum.
Banking Features
Payments, Transfers and Direct Debits
UK faster payments and BACS transfers are free, as are direct debits, standing orders and transfers between your own HSBC accounts. Same-day high-value transfers cost £17 online, or £30 to another bank if you ask a person to make them for you. A bill payment set up by a person rather than online costs £15.
At 100 outgoing payments per month, the free electronic transfers save you £20 against Tide, which charges 20p per outgoing payment. Over a year that is £240 you keep, on an account that costs nothing to hold.
Cards and Expense Cards
You receive a Visa business debit card, and debit card payments in sterling carry no charge. The card works for UK and international purchases.
If your team needs individual expense cards with per-user spending controls, this is a gap. HSBC does not offer multi-user expense cards the way Tide or Revolut do, and its price list has no entry for them. Businesses that need per-person spending limits usually run a separate expense card provider alongside the bank account.
Accounting Integrations and Business Tools
If your accounting software is Xero, QuickBooks, or Sage, you’ll face CSV export and manual reconciliation: no native direct feed exists on HSBC. We confirmed this from HSBC’s business banking support documentation in August 2026.
Accountants expect transactions Monday morning; with Tide they’re there automatically; with HSBC that means sending a CSV export manually. Every month. Before committing, ask your accountant about the manual workaround and their setup capacity.
An API is available for custom connections, but that requires developer resource. It’s not a practical workaround for standard SME accounting workflows. If the accounting integration gap is a deciding factor, Starling or Tide offer native Xero and FreeAgent feeds.
Multi-User Access and Spending Controls
You can add multiple signatories and authorised users to the account, and Business Internet Banking supports dual authorisation, so a second named person has to approve a payment before it leaves. That is the control HSBC builds around: who signs off, rather than who can spend how much.
If your business needs granular per-user spending limits and real-time expense tracking, digital challengers like Tide and Revolut offer more mature self-service controls. HSBC’s multi-user access is structured around traditional banking authorisation, not consumer-style app permissions.
Savings, Credit or Other Extra Features
You can apply for a business overdraft subject to credit assessment, a structured facility applied for in advance, not informal flexibility. Term loans and asset finance are also available.
We could not find a published overdraft or loan rate anywhere on HSBC’s site, and the price list explains why. HSBC does not publish overdraft or loan rates, and says so plainly: its price list excludes them because it agrees the rate with you in the facility letter when it makes the offer. You will not find a headline rate to compare before you apply, which is a real drawback against lenders that publish one.
We checked the savings side too, because the current account itself earns you nothing. Business current accounts pay no credit interest. If you hold a balance, the Business Money Manager savings account is the companion product: 1.21% a year on balances up to £100,000, rising to 1.29% if you leave the money untouched for 60 days, and to 1.41% at balances above £1m. Those rates apply from 10 March 2026.
International Features
Sending International Payments
You can send international payments via SWIFT. HSBC operates a global correspondent banking network, which means payments to less common corridors are supported.
An international payment costs £17 through Business Internet Banking. Ask a person to send it and it is £20 to another HSBC Group bank, or £30 to any other bank. By post it is £40. A euro payment inside Europe is 24p to send and 20p to receive.
Receiving costs money too. Any other currency arriving in amounts of £100 or more costs £6, though euros and Swedish krona from within Europe arrive free. A separate international business account carries its own annual charge of £96, billed monthly. At high volume, Airwallex or Wise price this more cheaply and more clearly.
Receiving International Payments
You can receive international payments in GBP via your sort code and account number. HSBC supports SWIFT inbound payments. Dedicated multi-currency receiving accounts in USD, EUR, or AUD are not part of the standard business account. They sit on a separate international business account, which carries its own charge of £96 a year, billed monthly. Money arriving in another currency in amounts of £100 or more costs £6 to receive, though euros and Swedish krona from within Europe arrive free.
Multi-currency treasury management is a gap: HSBC does not offer dedicated receiving accounts in USD, EUR, or AUD as standard. Airwallex or Wise provide local receiving accounts for that need. HSBC’s international receiving is adequate for occasional inbound SWIFT payments only.
Foreign Exchange Fees and Currency Support
HSBC publishes the payment fees but not the exchange rate margin. Its price list sets the transfer charge at £17 online and £30 through a person, and points you to a separate currency rates page for the rate itself, which moves daily and is not quoted as a fixed percentage. That is the honest position: you can price the transfer before you send, but not the conversion.
If multi-currency FX is a core operational need, use Wise or Airwallex for more control and transparency. HSBC’s trade finance products and global correspondent network are the relevant international advantages for established businesses, not FX rate optimisation.
Eligibility and Account Limits
Who Can Apply
You can apply as a sole trader, limited company (LTD), or partnership. If you are an existing HSBC personal customer, you may receive preferential treatment. We confirmed eligibility from HSBC’s business banking pages in August 2026.
Balances sit in an account backed by a full banking licence held by HSBC UK Bank plc, regulated by both the PRA and the FCA. FSCS protection applies directly as a statutory guarantee, not as safeguarded e-money or a third-party arrangement. We confirmed regulatory status in August 2026.
Supported Business Types
You can apply if your business is a sole trader, limited company (LTD), or partnership, and you are a UK tax resident. The Small Business Banking Account is for businesses turning over up to £6.5m with fewer than 50 staff and borrowing needs under £100,000. Above that, HSBC moves you to the Business Banking Account, and above £15m of turnover to its corporate account. HSBC says it may move you between accounts itself, giving you at least two months of notice.
If your business is a startup or early-stage, you can apply, but the relationship manager review process may apply additional scrutiny for businesses without trading history or those seeking credit from day one. Allow more time if your business is pre-revenue.
Account Limits and Restrictions
Cheques you deposit through the app are capped at £5,000 a day. We found no published daily transfer limit for Business Internet Banking, because HSBC sets that one per customer rather than as a standard figure. If you run high-value payment runs, ask for your limit in writing during the application rather than after you have moved.
The application timeline needs to allow several business days, longer than digital challengers. HSBC may require a relationship manager call or in-branch appointment for limited companies.
This applies particularly to complex business structures or credit applications. Factor this into your planning if you’re switching mid-year.
App, Online Banking and User Experience
Mobile App Experience
HSBC provides a mobile banking app with account balance checks, payment authorisation, and transaction history. The mobile experience is less polished than digital challengers like Starling or Tide, which have built their entire product around the app.
HSBC Kinetic used to be the answer here. It was HSBC’s app-first account for sole traders and small limited companies, and it felt much closer to a challenger bank.
It is no longer an option. Kinetic is closed to new applications, and it has come off HSBC’s own business account comparison page. We counted six accounts on it in August 2026 and Kinetic was not among them. If the app is what you are shopping for, that route into HSBC has closed and Starling or Tide are the honest comparison.
Web and Desktop Access
Web-based account management is available through HSBC Business Internet Banking: view transactions, make payments, manage direct debits, and download statements. For businesses with multiple authorised users, the online banking platform supports dual authorisation for payments above set thresholds.
The web interface is functional rather than modern, a trade-off worth knowing if your finance team is accustomed to dashboard-driven platforms like Airwallex or Tide. That is a style preference, not a capability gap for standard business banking operations.
Ease of Day-to-Day Account Management
Standard transactions, payments in and out, statement downloads, and direct debit management, work without friction. The relationship manager is available by phone for queries that go beyond self-service.
The accounting integration gap is the main friction point for day-to-day management. Without a native bank feed to Xero or QuickBooks, reconciliation requires a CSV export step each month. For businesses with a high transaction volume, that adds up.
Customer Reviews and Reputation
What Customers Like
HSBC’s Trustpilot rating of 2.2 is an aggregate across all HSBC UK products, not the business account alone. Personal banking complaints drag the score down, so read it with the scepticism you would apply to any major UK bank.
The aggregate runs to 25,600+ reviews as of April 2026, dominated by personal-banking gripes rather than business feedback.
If you use the relationship manager and branch services, ratings tend to be higher. The combination of branch access, credit facilities, and a named contact is cited positively by businesses with active banking relationships.
The free electronic transfer structure also draws positive mention from high-payment-volume businesses.
Common Complaints
In business reviews you’ll see familiar systemic complaints: account reviews causing delays, hard-to-reach support, compliance checks at inconvenient times. The same pattern appears at Barclays and Lloyds. It reflects the compliance overhead of full banking licence holders, not HSBC specifically.
If your business grows fast or makes frequent large transactions, expect compliance questions. A named relationship manager mitigates that friction, a known contact who resolves account queries faster than anonymous support tickets at peak compliance periods.
The accounting integration gap draws consistent criticism from businesses running Xero or QuickBooks. That complaint is valid, and not a bug HSBC is fixing: it reflects a structural product decision.
Customer Support and Service
Support Channels and Availability
Phone, in-branch, and online support is HSBC’s structural advantage over digital-only challengers. When your business has a compliance query or a payment issue, you can visit a branch rather than waiting for a chat response or emailing into a support queue.
The named relationship manager is not something you qualify for by turnover alone. It comes with the account. HSBC gives a dedicated relationship manager to the £10 a month Business Banking Account, which it aims at businesses borrowing above £100,000.
The free Small Business Banking Account does not include one. HSBC describes it as being for businesses whose everyday banking does not need that support. If the named contact is the reason you are looking at HSBC, you are looking at the £10 account, and it is worth saying so on the application.
Help Centre and Self-Service Resources
You can access an online business banking help centre covering account management, payments, and card queries. The standard breadth of a major bank’s self-service resources.
If your query involves credit applications, account structure, or international payments, the relationship manager is more useful than self-service documentation. That is the practical support model HSBC is built around for business customers.
Security, Regulation and FSCS Protection
Regulation and Authorisation
Deposits sit with HSBC UK Bank plc, which holds a full UK banking licence authorised by the PRA and regulated by both the PRA and FCA. We confirmed regulatory status from the FCA register in August 2026.
Dual PRA and FCA regulation places HSBC in a different class from FCA-only e-money institutions such as Tide. The PRA layer means additional capital and liquidity requirements that e-money institutions don’t face. That’s the structural distinction.
FSCS Protection or Safeguarding
Your deposits are FSCS-protected up to £120,000 per eligible depositor. Statutory guarantee, not e-money safeguarding. We confirmed FSCS status from HSBC’s published terms and the FSCS register in August 2026.
The distinction matters for your working capital. If HSBC were to fail, FSCS compensates you directly up to £120,000. E-money safeguarding, which is what Airwallex offers, holds funds separately but the statutory guarantee doesn’t apply. Not the same protection.
Security Features
You’re protected by two-factor authentication for online banking and payment authorisation. Multi-user accounts support dual authorisation for high-value payments.
Dual authorisation is the strongest control on offer, and it is the one that matters for a business with more than one signatory. Where HSBC is weaker than the challengers is the per-card layer: freezing a card and setting live spending rules per person are things Tide and Revolut build into the app, and HSBC does not sell an equivalent product on the business account.
Who HSBC Business Account Is Best For
Best Use Cases
You need HSBC if you’ve outgrown simple digital banking: you have a supplier asking for a banker’s reference, you want a credit facility in place before the moment you actually need it, and you’re past the stage of opening an account in five minutes and never visiting a branch.
When your business hits a cash flow gap, needs a credit review, or is structuring an asset purchase, a named relationship manager who knows your account is different from raising a support ticket and waiting. This is the most underappreciated element.
If your business makes regular cash deposits, the branch network is a practical advantage: retail and hospitality businesses that collect cash daily have a physical banking infrastructure at HSBC that digital-only banks cannot provide.
When to Consider Alternatives
Avoid HSBC if your accounting workflow runs directly through Xero or QuickBooks and you rely on a live bank feed. The missing native integration means manual reconciliation or a CSV workaround that adds up across a team every month.
For businesses whose primary need is zero-cost daily banking, Starling provides FSCS protection and free transfers at £0/month. If you need no branch access, lending, or relationship manager, that’s the more efficient structure.
Businesses that need same-day account opening should look at Starling or Tide instead: both open in minutes. HSBC may take several business days. If you have a payment deadline approaching, that gap matters.
HSBC Business Account vs Alternatives
HSBC vs Starling
Both are free to hold and both carry FSCS protection, so the monthly fee is not the dividing line people assume. Starling adds native Xero and FreeAgent feeds, which HSBC does not have at all.
If you need no branch access or credit facility, Starling is more cost-efficient: the cost, accounting integration, and application speed advantages all go to Starling. HSBC wins on branches, relationship managers, and a lending suite. The price of that is 1.5% every time you bank a note.
HSBC vs Barclays
Barclays charges £8.50 a month after its 12-month free period, where HSBC’s small business account charges nothing. Barclays offers over 1,000 UK branches against HSBC’s 600-plus, and the same FSCS protection.
Cash reverses that. Barclays takes 60p per £100 paid in at a machine or the Post Office, and £1.20 per £100 over a counter. HSBC takes £1.50 plus 1.5%, which is £13.50 on £800 against Barclays’ £9.60 at the counter or £4.80 at a machine. Bank enough cash and the free account is the expensive one. We took the Barclays figures from its Business Account tariff in August 2026.
If FreeAgent is your accounting software, Barclays’ discounted subscription is a concrete advantage over HSBC. If you already bank with HSBC personally, preferential terms may apply.
So the choice turns on how much cash you handle, then on which branch is nearer.
HSBC vs Lloyds
Lloyds charges £10 a month after its 12-month free period, where the HSBC small business account is free to hold. It offers nationwide branches, FSCS protection to £120,000 and a comparable lending suite, and it throws in six months of Xero, which matters because neither bank has a live accounting feed. We took the Lloyds figures from its business accounts page in August 2026.
On cash, Lloyds charges 85p per £100 at a deposit machine and £1.60 per £100 over a counter. That is cheaper than HSBC at a counter once you are paying in more than about £300 at a time.
An existing banking relationship may also influence terms on credit products.
Full comparison: our HSBC vs Lloyds guide.
We have a full comparison across all options in our best business bank accounts guide.
Final Verdict: Is HSBC Business Account Worth It?
HSBC is worth it if you actively use the infrastructure: you visit branches, you have a relationship manager handling credit queries, and you make regular international payments. That is the deal.
The case against is not the account fee, because there is not one. It is the cash. A shop banking £800 of takings each week hands HSBC £702 over a year in credit charges and the 1.5% on top. That is a real cost hiding behind a free account, and it is the number to run before you move.
The relationship manager is the other thing to be clear-eyed about. It does not come with the free account. If you want a named contact you are buying the £10 a month Business Banking Account. Apply for the overdraft or facility while you have that person’s attention, rather than 18 months later when you actually need it.
If you bank no cash and want no branch, Starling covers the same ground at £0 a month with the same FSCS protection and a live Xero feed HSBC cannot match.
Frequently Asked Questions
Is the HSBC Business Bank Account FSCS Protected?
Yes. HSBC UK Bank plc is a PRA-regulated bank. Your eligible deposits are covered by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible depositor. This is a statutory guarantee, not e-money safeguarding. It applies directly to your deposit without requiring a third-party arrangement. We confirmed FSCS status from HSBC’s published terms in August 2026.
How Much Does the HSBC Business Bank Account Cost?
The Small Business Banking Account has no monthly fee at all. The Business Banking Account, which comes with a named relationship manager, is £10 a month after 12 months free for start-ups and switchers. Electronic domestic transfers are free on both. Paying cash or cheques in at a branch costs £1.50 per credit, plus 1.5% of any cash and 50p per cheque. A cheque you write costs £1. These come from HSBC’s Business Price List, effective 15 December 2025.
Does HSBC Integrate With Xero or QuickBooks?
No direct feed to Xero, QuickBooks, or Sage exists on the standard account. You’ll export CSV and reconcile manually. An API is available for custom connections, but that requires developer resource. If your accounting workflow depends on a direct bank feed, consider Starling or Tide instead, which provide native Xero, QuickBooks, and FreeAgent integrations.
How Long Does It Take to Open an HSBC Business Account?
Several business days, longer than app-based digital challengers like Starling or Tide which can open accounts same-day. HSBC may require a call with a relationship manager or in-branch appointment, particularly for limited companies or more complex business structures. Plan ahead if you need an account urgently.
Does HSBC Offer a Business Overdraft?
Yes. A business overdraft is available subject to credit assessment, and term loans and asset finance sit alongside it. HSBC does not publish the rates. Its price list says plainly that overdraft and loan rates are excluded because it confirms them in the facility letter when it makes you an offer. You cannot compare a headline rate before you apply.
Who Is the HSBC Business Bank Account Best For?
HSBC suits established businesses and growing SMEs that need branch access, a named relationship manager, and credit facilities from their main business account. It’s particularly relevant for businesses holding larger working capital balances, making regular international payments, or wanting a structured lending relationship in place before they actually need credit. The 12-month free period gives you time to evaluate whether the relationship manager, branch access, and lending suite justify the per-item cash and cheque charges. It isn’t the right choice for digital-first businesses with no cash handling needs and an accounting workflow that depends on a direct bank feed.
Can I Still Open an HSBC Kinetic Account?
No. HSBC Kinetic was HSBC’s app-first business account for sole traders and small limited companies, and it is closed to new applications. It no longer appears on HSBC’s own business account comparison page, which lists six accounts as of August 2026 and none of them is Kinetic. Existing Kinetic customers keep their accounts. If you want an app-first business account, Starling and Tide are the realistic comparison.
How we reviewed HSBC
What we assessed. We evaluated HSBC on pricing, contract terms, features, and eligibility. These are the factors that matter most to UK small businesses considering this provider.
Data sources. Every charge on this page comes from HSBC’s Business Price List, effective 15 December 2025, read in full in August 2026. Savings rates come from HSBC’s Business Money Manager summary box. Barclays and Lloyds figures come from their own published tariffs. No comparison sites, no press releases, no affiliate material. FCA register cross-checked for regulatory status.
Update cadence. We re-verify this page regularly, and whenever a provider changes pricing, eligibility, or terms. The verification date on the page reflects the most recent full review. We have no affiliate relationship with HSBC, see our editorial policy.