HSBC to introduce new student bank account from 14th August with up to £3,000 interest-free overdraft

LONDON, 3-7-2014 — /EuropaWire/ — HSBC Student Exclusives site offers customers over £250 of savings all year round

HSBC is helping students make the most of university life with a range of savings across top brands, guidance on how to manage their money and most importantly, a bank account that gives them ease and convenience so they can concentrate on making the most of their studies. They’ll also receive a termly email newsletter containing guidance on how to manage their finances, plus support with future careers.

The new HSBC Student Bank Account is available from 14th August and includes:

• Access to up to £3,000 interest-free overdraft over the length of a course (subject to status and account conduct)
• A £60 Amazon.co.uk Gift Certificate, plus £70 off any Kindle Fire HDX (4G/3G+ WiFi) 7” & 8.9” tablets*
• Guaranteed £500 interest-free overdraft at account opening
• No fees to arrange overdraft extensions
• 2% interest paid on credit balances up to £1,000 in the first year of study
• Access to exclusive offers and discounts available on our Student Exclusives website- featuring offers from National Express, Krispy Kreme, 3 Mobile and Lonely Planet.
• A termly email newsletter containing guidance on how to manage finances, plus support with future careers
• HSBC Mobile Banking app: make payments, view balances, transfer money between accounts and send and receive money using a mobile number with Paym
• Contactless Debit card
• Text alerts- customers can set their own limits and we’ll text them when they’re nearing them
• Optional fee-free student credit card with a limit of £500 (APR 18.9%)

Andy Mielczarek, head of retail products at HSBC:

“We believe that student banking should be simple, easy and ultimately help students get to where they want to be in the future. That’s why we focus first and foremost on a simple bank account with the features students really need, then find useful perks that will help save them money. Providing a £60 Amazon.co.uk Gift Certificate means our customers can start spending straight away- whether it’s for work or leisure.”

Ends

Notes to editors

* Kindle Fire HDX 16GB/32GB/64GB (4G/3G + WiFi inc special offers) for the price of a Kindle Fire HDX 16GB/32GB/64GB (WiFi ONLY inc special offers) tablet – a saving of £70.