rates

Banking Fee

You must pay our £10 Banking Fee for each month or part of a month that you hold a 1st Account unless we agree to waive the fee. You will not have to pay the Banking Fee:

• for the first six months following account opening;
• for any month in which you:
  • pay into your account* (other than by internal transfer from another first direct account) a minimum of £1,500 or you maintain an average monthly balance on your account* in excess of £1,500 (month means calendar month and we will work out the average monthly balance by adding together the end of day balances for each day during the month and dividing the sum by the number of days in the month);
    
    or
    
    
  • hold a first direct mortgage, credit card, personal loan, savings account (* excluding Regular Saver Account and any Regular Saver ISA which you have held for less than 12 months), first directory, or first direct car or home insurance policy;
• in relation to any second or subsequent 1st Account in the same name. (If you hold a sole and a joint account, your joint account will not be considered to be in the same name unless all joint account holders are the same); or
• if your account is inactive for more than 90 days and the balance on your account is less than £10.

* Where multiple current accounts are held, accounts will be considered individually in respect of balances and credits received and will not be aggregated when assessing whether a fee is payable.

first direct debit card

Using your card abroad

Cash machines: at all machines displaying a Maestro/Cirrus logo 1.5% of the cash advance (minimum £1.75). Foreign currency exchange rates are inclusive of an exchange rate adjustment - currently 2.75% to cover our handling costs and any card processing fees. Some machine operators will charge their own fee, which will be displayed on the screen at the time of your transaction. You will have the option to cancel the transaction if you do not wish to proceed.
Shops and retailers: wherever you see the Maestro logo you may use your first direct card. Foreign currency exchange rates are shown on your statement against each transaction inclusive of an exchange rate adjustment - currently 2.75% to cover our handling costs and any card processing fees.

Overdraft Service

You can request an overdraft, or an increase to an existing overdraft limit, on your 1st Account (but not on a savings account) by either:

• making a formal request, that is, you ask us for and we agree to provide you with, an overdraft or an increase to an existing overdraft limit before you authorise any payments or withdrawals from your account that, if made by us, would cause your account to go overdrawn or over an existing overdraft limit;
  
  or
  
  
• by way of an informal request, that is, where you authorise a payment or withdrawal to be made from your account which, if made by us, would cause your account to go overdrawn or over an existing overdraft limit, without having agreed with us in advance an overdraft or an increase to an existing overdraft limit on your account to cover such payment.

We may charge an Arrangement Fee for arranging an overdraft for you in each situation.

Arrangement Fees

1st overdraft in 6 months	free*
Subsequent overdrafts	£25

*No Arrangement Fee is payable if, in the last 6 months, we have not agreed to an overdraft request from you, or, for periods which pre-date 1st October 2007, you did not exceed your overdraft limit or go overdrawn without a limit. See below for further waivers.

Arrangement Fees for Informal Overdrafts are accrued during your monthly statement charging period which is usually the same as your monthly statement period. These Arrangement Fees will be pre-notified to you at least 14 days before your account is debited.

Arrangement Fee Waivers

We will not charge an Arrangement Fee:-

• for your first ever overdraft with us; or
• provided within the last 6 months, either we have not agreed to an overdraft request from you, or, for periods which pre-date 1st October 2007, you did not exceed your overdraft limit or go overdrawn without a limit; or
• for Informal Overdrafts if covering funds are paid in before the end of the day; or
• if debited Arrangement Fees (or interest) cause your account to go overdrawn or further overdrawn.

We will not charge more than one Arrangement Fee a day.

Return Fees

We may not be able to grant every request you make for an overdraft. Where we decline an informal overdraft request we will not charge an Arrangement Fee but a Return Fee will be payable for considering and returning payment requests, eg, cheque, standing order, direct debit, etc.

Up to £10	no charge
Up to £25	£10 per item
Above £25	£25 per item

Additional services

Banking

	1st Account
internet banking	Free
text message banking	Free
first directory	£9.95 a month
Duplicate Statements	Free
Duplicate Credit Card Statements	£5 per stmt
Stopping a cheque	£7.00
Copy of a cheque/credit *For one copy of one cheque/credit. Additional items will be charged at £10.00 per item.	Free
Special presentation of a cheque	£10.00
Status Enquiry (including VAT)	£10.50
UK bank draft A different charge may apply if collected from a HSBC Bank branch.	£10.00
UK same day electronic transfer in Sterling	£21.00
Inward payments received from banks within UK in Sterling	Free
Inward payments received from banks within UK in currency above £100 equivalent	£8.00
The issue of an indemnity for a lost share certificate/dividend warrant and sundry items	0.5%, minimum £50

 

Online Sharedealing

Dealing commission
Online trades
UK equities	£10.00
UK Transactions in Euros	EUR 14.50
UK Gilts	£20.00
Telephone trades
UK equities	£15.00
UK Transactions in Euros	EUR 21.75
UK Gilts	£25.00
Frequent User
Frequent Trades the first 9 trades within a calendar quarter are subject to the standard online or telephone charge as quoted above. All subsequent online trades (in UK equities only) during that calendar quarter will be subject to the frequent user charge Trading inside an ISA is subject to an extra £5.00 / EUR 7.50 per transaction in addition to the appropriate charge quoted above. Trading in Irish equities listed on the London Stock Exchange will attract commission in Euros.	£8.00

 

Trading taxes and levies
Stamp duty - charged on consideration plus commission
UK equity purchases	0.5%
Irish equity purchases	1%

Panel for Takeovers and Mergers Levy
UK equity trades over £10,000 (per transaction)	£1.00
Irish equity trades over EUR 15,000 (per transaction)	EUR 1.50

Ancillary fees
Transfer of securities to another broker / share certificate in the customer's name	£15.00 per line of stock
Duplicate statements (e.g. contract notes, Consolidated Tax Certificates / statements	£10.00 + VAT

 

Foreign & Travel Services

Travel Money
telephone orders	2% of order value (min £3 per order, free to first directory customers)
internet banking	£3.95 handling fee for all orders less than £250 (free to first directory customers)
International bank drafts A different charge may apply if collected from a HSBC Bank branch.	1% of value (Min £10, Max £50)
euro drafts A different charge may apply if collected from a HSBC Bank branch.	£10

Inward payments received from banks abroad
in Sterling above £100	£6.00
in currency above £100 equivalent (payments up to 50,000 euros or 500,000 Swedish Krona from a country in the EU will be received free of charge provided the BIC and IBAN numbers are provided with the payment).	£8.00

Electronic payment abroad or a currency payment within the UK (If you would like the beneficiary to receive the full amount remitted, please advise us at the time you make your payment request)
Payments to an account within the HSBC Group	£10
All other payments	£21

Sterling and currency cheques drawn abroad
paid into accounts -
negotiated/collected	other	euro
Up to £250 in value	£7.00	£7.00
Over £250 in value	0.5%	£7.00
	(Min £10, Max £50)

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