HSBC Advance Bank Account any fees?

Marchitiello

kaMelo said:

eskbanker said:

kaMelo said:

As long as you keep a positive balance there are no fees, no requirements any no perks anymore.

One wonders just what is 'advanced' about it now.

tracyyi said:

Yes, why the name "advanced", I worried it like Llodys Club Current account which required £2000 per month deposited.

The account name is Advance, they're not claiming it's advanced!

However, they provide a comparison tool to allow customers to weigh it up against their other offerings, highlighting features such as enhanced overdraft access and some international benefits:

https://www.hsbc.co.uk/current-accounts/compare/advance-account/#?pc-products=bank-account

My recollection is also that they tier their switching incentives to offer a higher figure for Advance, but I could be wrong about that....

I know, and apologise for the play on words. Still my point remains as the difference between a plain old current account and Advance account is now virtually nothing. Back in the day there was preferential interest rates, a higher ATM limit and other perks which, for me at least, was one of the few perks schemes that I actually found useful.

You are correct, they did used to offer a higher switch bonus for the Advance account once upon a time but since they removed the pay in requirement and stopped all the perks that you used to get, the switch bonus for both the Advance and plain old current account have since been the same value.

I think that the last offer they run, was only targeted at Advance and Premier account opening though 

kaMelo

Marchitiello said:

kaMelo said:

eskbanker said:

kaMelo said:

As long as you keep a positive balance there are no fees, no requirements any no perks anymore.

One wonders just what is 'advanced' about it now.

tracyyi said:

Yes, why the name "advanced", I worried it like Llodys Club Current account which required £2000 per month deposited.

The account name is Advance, they're not claiming it's advanced!

However, they provide a comparison tool to allow customers to weigh it up against their other offerings, highlighting features such as enhanced overdraft access and some international benefits:

https://www.hsbc.co.uk/current-accounts/compare/advance-account/#?pc-products=bank-account

My recollection is also that they tier their switching incentives to offer a higher figure for Advance, but I could be wrong about that....

I know, and apologise for the play on words. Still my point remains as the difference between a plain old current account and Advance account is now virtually nothing. Back in the day there was preferential interest rates, a higher ATM limit and other perks which, for me at least, was one of the few perks schemes that I actually found useful.

You are correct, they did used to offer a higher switch bonus for the Advance account once upon a time but since they removed the pay in requirement and stopped all the perks that you used to get, the switch bonus for both the Advance and plain old current account have since been the same value.

I think that the last offer they run, was only targeted at Advance and Premier account opening though 

Gees, my brain is like a sieve lately, I can't get anything right.:(

You are indeed correct, sort of,the last switch offer was actually Advance only according to this Which article;
https://www.which.co.uk/news/article/hsbc-now-offering-200-to-switch-current-account-is-it-worth-it-aCTjg9B0PQrk
The previous one in Nov 2022 was Advance and Premier.
https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/HSB-RFB2330-CMT0253-WA.pdf

Thanks @Descrabled,  I'd forgotten about the £25 fee free overdraft too 

Emily_Joy

eskbanker said:

The account name is Advance, they're not claiming it's advanced!

My recollection is also that they tier their switching incentives to offer a higher figure for Advance, but I could be wrong about that....

To me the main attraction of HSBC is their global money account; and one needs to have an Advance account to be eligible.

friolento

Emily_Joy said:

eskbanker said:

The account name is Advance, they're not claiming it's advanced!

My recollection is also that they tier their switching incentives to offer a higher figure for Advance, but I could be wrong about that....

To me the main attraction of HSBC is their global money account; and one needs to have an Advance account to be eligible.

Their normal Bank account will suffice now

Emmia

Emily_Joy said:

eskbanker said:

The account name is Advance, they're not claiming it's advanced!

My recollection is also that they tier their switching incentives to offer a higher figure for Advance, but I could be wrong about that....

To me the main attraction of HSBC is their global money account; and one needs to have an Advance account to be eligible.

I have a global money account, but not the Advance account.