HSBC Current Account Review

I have been with HSBC for about two years now, for both business and personal. They always been helpful and I think their offer for business customers is very good value per money. The online banking is very easy to use and they recently made it even better. The business online banking is multi-user, so you can enable another person to operate the accounts setting individual limits for each user for each account, which can be really helpful if your business is big or geographically spread.



I read a lot of bad reviews about HSBC. I remember when I opened my account it states in the terms that a non arranged overdraft will cost you £25 in fees, so I have been warned. I think that as a general concept, we should always run accounts in credit, not in the overdraft, and that even if we have a credit card we should make a cash forecast and buy only if we really need to, and if we expect the money to flow in.



I think all banks are businesses, so they make money on fees. In general, many people I know should be more responsible about how they run their banking accounts and their financial life in general.



The customer care team is always polite and helpful, and I never waited on the phone for longer than a minute.



I reccommend HSBC, specially business direct account, is really good and there are no maintainance fees, which is great for a business account.