Joint account

Feel money positive with our joint 1st Account

Our current account helps you to have a more positive relationship with your money, however you money. That's why we'll give you....

  • a £250 interest-free overdraft (subject to status)
  • a £175 welcome when you switch to us*
  • access to our 7.00% AER/gross Regular Saver Account.

You'll also benefit from...

  • pay in cash and cheques at HSBC branches and the Post Office®*
  • no monthly fees

Overdraft representative example:

How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.

0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200).

Who can apply?

You. Probably. If you're over 18, a UK resident, haven't been declared bankrupt or registered for an Individual Voluntary Agreement in the last six years (or be in the process of doing so), and have a phone number and email address we can contact you with, we'd love to welcome you.

Go to our service quality page to find out how you can open an account and what information and documents you need to give us.

Regular Saver Account

Get into a good savings habit and the future you will say thanks. Put away between £25 to £300 each month, for a fixed 12 month term, and we'll give you a fixed rate of 7.00% AER/gross p.a. Find out more about our Regular Saver Account.

Interest example: if you save £300 every month for 12 months and qualify for the 7.00% AER/gross p.a. interest rate, you'll earn approximately £136.50 interest (gross).

AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year. Gross is the rate of interest if interest were paid and not compounded each year. No partial withdrawals allowed.


**At an HSBC Full Service Branch, Cash Service Branch or Banking Hubs, you can pay in cash over the counter. You won't be able to use the self-service paying in machines. 

*£175 to say hello

To get the £175 cash offer, you need to switch your everyday banking to us using the Current Account Switching Service, including at least 2 Direct Debits or standing orders. Then pay in £1,000, make 5+ debit card payments, and log on to digital banking, within 30 days of your account opening. Your card transactions can be made in-store or online, and could be from your digital wallet or using your actual card.

This offer is limited to one payment per customer or joint account. You’ll get the money by the 20th of the following month in which all criteria has been met. New customers only, who haven’t previously held a first direct product. Sorry, we also can’t offer this to people who have opened an HSBC current account on or after 1 January 2018. Offer can be withdrawn at any time.

Subject to status. UK residents only.

Full offer terms and conditions (PDF)

Overdraft overview

An overdraft can be used to borrow money on your current account and can help in months where there are unplanned events. Overdrafts are not suitable for long term borrowing and will typically result in you being charged interest.

An arranged overdraft is where we agree an overdraft limit with you. We share information about how you use your account with credit reference agencies.

An unarranged overdraft is when you authorise a payment that would take your account overdrawn or beyond your arranged limit without agreeing in advance an overdraft to cover it. We’ll always consider an unarranged request and will make the payment if we can, subject to status. An unarranged overdraft may result in declined transactions. If you are in your unarranged overdraft for greater than 30 days this could have an impact on your credit file.

The monthly cap on unarranged overdraft charges for the 1st Account is £20. Further details can be found online at our overdrafts homepage.

Use our Eligibility Checker and Cost Calculator to find out more about our overdraft service before applying for or changing an arranged overdraft.

You have 14 days to cancel an overdraft agreement beginning on the day we provide the overdraft or on the day you have received our letter, whichever is later.

You can also ask us to reduce or remove your arranged overdraft limit at any time by calling us on 03 456 100 100. You’ll have to repay any overdrawn amount plus any interest for the period you’ve had it.

Before you apply

Before applying, please take the time to read through the following. You may wish to save some of these documents for future reference.

If you're not happy with your account, you have a 14 day period after you receive your welcome pack to close your account. Please see the Account Terms and Conditions and Charges for full details.

first direct is a division of HSBC UK Bank plc and HSBC has accounts more suitable for customers living outside of the UK. For more information please call HSBC on +44 1226 261 010 or visit

first direct subscribe to The Standards of Lending Practice. You can learn more at the Lending Standards Board website.

For more information about accounts and other products you can refer to the Money Advice Service™ website.

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Your eligible deposits with HSBC UK Bank plc are protected up to a total of £85,000 or up to £170,000 for joint accounts, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. 

This limit is applied to the total of any deposits you have with the following: HSBC UK Bank plc and first direct. Any total deposits you hold above the limit between these brands are unlikely to be covered.