HSBC Launches New Student Bank Account

HSBC Launches New Student Bank Account 
LONDON, UNITED KINGDOM -- (Marketwired) -- 08/13/13 -- HSBC is
offering students an interest free overdraft of up to GBP 3000 as
well as access to a range of exclusive offers and discounts, so
students can concentrate on fulfilling their potential rather than
worrying about their finances. 
HSBC is also offering ten students the chance to win GBP 10,000 in
the HSBC Student Bursary competition:
The new HSBC Student Bank Account is available from Monday 12th
August and includes: 

--  Access to up to GBP 3,000 interest-free overdraft over the course of
    your studies (subject to status and account conduct) 
--  Free music downloads - up to 18 albums from Sony music over 3 years for
    first year students 
--  Guaranteed GBP 500 interest-free overdraft at account opening 
--  No fees to arrange overdraft extensions 
--  2% interest paid on credit balances up to GBP 1,000 in your first year 
--  FastBalance app available to view balance and to list recent
--  Contactless Debit cards 
--  ATM alert when you are reaching your overdraft limit 
--  Online budgeting tools to enable you to manage your finances 
--  Mobile phone top-ups at HSBC cash machines 
--  Optional fee-free student credit card with a limit of GBP 500 
--  Access to exclusive offers and discounts available on our Student
    Exclusives website- featuring offers from 3 Mobile, Blue inc, Officers
    Club and Bloom FM music streaming amongst others.

The HSBC Student Bursary competition, now in its sixth year offers
ten students the chance to each win a bursary of GBP 10,000. The
competition will be hosted on Facebook and is open to all UK students
starting their first year of university this autumn. Entrants are
tasked with creating and uploading six photos or a 90 second video
with a short application form that answers the question, "How would
GBP 10,000 help you enhance your potential?" 
The competition entry deadline is 5pm on the 27th September, and all
entrants must hold or open an HSBC Student Bank Account before 11th
October to progress. Students should go to the HSBC Student Facebook
page ( to enter and view full
terms and conditions.  
The top 15 videos, as voted on Facebook, along with a further five
selected by HSBC, will then be short-listed and the final ten winners
will be decided upon by a panel of five judges.  
Previous HSBC student bursary winners have used their bursary for
several lifelong ambitions such as making a feature film, training to
become a specialist nurse, developing a fashion range and
volunteering in Rwanda. Other winners have used the bursary to fund
tuition fees, allowing greater peace of mind when studying.  
Lucy Warnock, a 2012 winner studies French at Oxford University and
used her bursary to create an online club for GCSE language students.
Lucy said: "It's really lovely to know that I'm not restrained by
anything now. I've got these ideas and I can actually put them into
Matt Richards, HSBC Head of Student Banking said: 'We understand that
going to University is an important stage in a young person's life
and they need the financial support to help them unlock their own
potential. Our student bursary competition allows ten students to win
peace of mind while they study.  
We also realise University isn't just about studying, so we've teamed
up with Sony music to provide first year students with up to 18 free
album downloads over 3 years. We are also launching a "Student
Exclusives" site where students can register to take advantage of
various exclusive discounts, all designed to save students money.' 
To help students make the most of their potential at University
without worrying about finances, HSBC has offered students the
following tips:  
Pick the right student account  
There are lots of accounts to choose from so make sure it meets your
own needs. If you are looking for an interest-free overdraft, the
HSBC Student Bank Account offers up to GBP 3,000, subject to status
and account conduct. Applicants must be 18 or over. Guaranteed at
least GBP 500 overdraft at account opening. No overdraft arrangement
Make sure you factor in costs like bills, travel fares, leisure
activities and any study materials you'll need, as well as your
accommodation and tuition fees. To help make sure you don't
overspend, HSBC offers online budgeting tools to enable you to manage
your finances. To ensure you stay on track you can also use HSBC's
Fast Balance App to view your balance, last 6 transactions & top up
your mobile. You can also choose to receive text alerts if your
balance falls below or above a specified limit. 
Make the most of discounts and deals  
Make the most of online deal websites and your NUS card to obtain
student discounts. The new HSBC "Student Exclusives" site means
students can register to take advantage of various exclusive
discounts on food, clothes, mobile phones, data packages, laptops
etc, all designed to save them money. 
Student bedrooms can be full of valuables, including TVs, laptops and
music systems. Contents insurance is a wise precaution. The cost will
vary depending on the type of property and where you are living. It's
also worthwhile checking if your parent's home insurance provides
cover while you are away from home. 
Understand tax rules  
If you choose to get a part-time job while studying remember that you
can earn an amount of income in each tax year before paying tax. If
your total income is below your 'personal allowance' (currently GBP
9,440) in the tax year you won't have to pay any tax. 
Notes to Editors 
(i)Competition not open to residents of the Channel Islands, Isle of
Man or Northern Ireland.  
HSBC Bank plc: HSBC serves 16.1 million customers in the UK and
employs approximately 52,000 people. In the UK, HSBC offers a
complete range of personal, premier and private banking services
including bank accounts and mortgages. It also provides commercial
banking for small to medium businesses and corporate and
institutional banking services. HSBC Bank plc is a wholly owned
subsidiary of HSBC Holdings plc. 
The HSBC Group: HSBC Holdings plc, the parent company of the HSBC
Group, is headquartered in London. The Group serves customers
worldwide from around 7,500 offices in over 80 countries and
territories in Europe, the Asia-Pacific region, North and Latin
America, and the Middle East and Africa. With assets of US$2,556bn at
31 December 2011, HSBC is one of the world's largest banking and
financial services organisations.
Suman Hughes
020 7992 2748
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