Switching Business Bank Accounts with a BBL

AdamW_DJ

Hi,

I setup my business pre-pandemic and took the BBL that was offered via my HSBC Business account.  I am now wanting to change my Business banking to an alternative provider and was wondering if that was feasible with the BBL I currently have with my provider at the moment.  Would the BBL be transferred to the new provider, Starling Bank for example, or would I need to repay the BBL I have with HSBC before I could make a switch and close my HSBC business account?

Thanks

AdamW_DJ

........☹️

sheramber

Can I switch my banking to another bank if I have an outstanding BBL with HSBC?

Yes. You can switch your banking to another bank and keep your Bounce Back Loan (BBL) with us. You'll just need to make sure your Direct Debit for the BBL is switched across to your new bank to maintain your repayments.

If you're using the CASS (Current Account Switching Service), this will happen automatically. If you've chosen to switch without using CASS, you'll need to contact us to change the account details on your BBL Direct Debit by calling 03457 60 60 60 (textphone 03457 125 563; from outside the UK +44 1226 260 878). For line opening hours, see When is Business Telephone Banking open?

https://www.business.hsbc.uk/en-gb/finance-and-borrowing/credit-and-lending/bounce-back-loan-scheme#:~:text=Can I switch my banking,bank to maintain your repayments.