Client Accounts. Additional Conditions. For all HSBC Clients Deposit and Currency Client Accounts as of 6 April 2016.

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1 Client Accounts Additional Conditions For all HSBC Clients Deposit and Currency Client Accounts as of 6 April 2016.

2 Table of Contents Page How to reach us 3 If you have a disability 3 1. What you should know Where there are differences Technical language We and you 4 2. Clients Deposit Account Using your Account Deposits and withdrawals Interest Your responsibility 5 3. Currency Client Account Using your Account Deposits and withdrawals Interest Your responsibility 7 About HSBC 8 2

3 How to reach us Visit us in any HSBC branch or online at Write to us at: HSBC Customer Information PO Box 6201 Coventry CV3 9HW Call us (from 8am to 10pm every day) on: if you re in the UK, Channel Islands or Isle of Man: if you re outside the UK: If you have a disability Sight You can request these Additional Conditions in large print or audio from any HSBC branch. We can also give you Braille and large-print statements and templates for cheque books. Hearing or speech You can call us by textphone on We can also arrange a sign-language service for you. We may monitor or record our conversations with you (for example, phone calls, letters, s) to improve our service, or for security. 3

4 1. What you should know Our business current and savings accounts and services all come with Terms and Conditions. They set out what you can expect from us and what we expect from you in return. You can find them in our Business Banking Terms and Conditions. Our Clients Deposit Accounts and Currency Client Accounts also come with these Additional Conditions (which we ll call Terms ). You should read them together with our Business Banking Terms and Conditions, so you have all the information you need. For the most up-to-date versions of these Terms, our Business Banking Terms and Conditions, the Business Banking Made Easy brochure and the Price List, just ask us in any HSBC branch, by phone or find them on our website. 1.1 Where there are differences Where there s a conflict between these Terms and anything in our Business Banking Terms and Conditions, these Terms take precedence. If there s a conflict between these Terms and the Customer Information Appendix in our Business Banking Terms and Conditions, the Customer Information Appendix takes precedence. 1.2 Technical language Some of the words and phrases in this document have a specific meaning. We ve capitalised these words and included them in a Glossary at the end of our Business Banking Terms and Conditions. 1.3 We and you By we, us or our, we mean HSBC Bank plc. By you or your, we mean you as a person (if you are sole trader or practitioner) and your business or legal entity (including companies and partnerships). 2. Clients Deposit Account This section covers the Additional Conditions for our Clients Deposit Account. When we say your Account in this section, we mean your Clients Deposit Account. When we say the Terms, we mean the terms in this section. 2.1 Using Your Account Holding your money in sterling You can only hold money in your Account in sterling and we ll pay money in and out of it in sterling. You can still pay into your Account in other currencies or ask us to make payments in other currencies but before we add them to or deduct them from your Account we ll convert them to sterling (as described in our Business Banking Terms and Conditions) Holding your clients money You must only use your Account to hold money on behalf of your clients and you must not use it to make payments for your own business. We may close your Account if we believe you re misusing it, on thirty days notice (in writing). 2.2 Deposits and withdrawals You can pay money into your Account by: cash Internal Transfer or Currency Account Transfer from business current accounts or business savings accounts with us in the same name Standing Order Payment from business current accounts with us in the same name a standing order payment or electronic payment from accounts you hold with other financial institutions. 4

5 You can make withdrawals: by Internal Transfer or Currency Account Transfer to business current accounts or business savings accounts with us in the same name in cash in any HSBC branch by CHAPS Payment (over the counter, in any HSBC branch) by post or Business Telephone Banking, to transfer money to accounts in your name with other financial institutions in the UK, the Channel Islands or the Isle of Man Debit Cards, Standing Order and Direct Debit Payments You can t pay money in or make payments from your Account with a Debit Card and you can t make Standing Order Payments or Direct Debit Payments unless we ve specifically agreed the charges for them with you Cleared Funds You may only make payments from your Account using cleared funds (money that s already in your Account, that you re allowed to withdraw). You can draw against drafts from UK clearing banks and cheques from building societies and solicitors before they ve cleared but if they come back unpaid, we ll deduct the amount from your Account. We won t pay you any interest for the time we treated them as cleared (we treat drafts from UK clearing banks as cleared on the same day they re processed). You must not pay out more than the total of your cleared funds, plus the value of any drafts from UK clearing banks and cheques from building societies and solicitors. If you make a payment that makes your Account go overdrawn, you must immediately pay in enough money to bring it back into credit. 2.3 Interest Credit Interest We ll pay you Credit Interest at the applicable rate for your Account. We ll calculate your interest daily on your cleared credit balance up to the first Friday* in June and December in each year and we ll pay it into your Account on the third Friday* of those months. You ll find the initial applicable rate in the Interest Rates leaflet that we ll give you when you open your Account. We ll tell you what the current rate is if you contact us Debit Interest While there is a debit balance on your Account you ll need to pay us Debit Interest at our Business Standard Debit Interest Rate - or at another rate that we may agree with you. We ll calculate your interest daily on your cleared debit balance up to the first Friday* in March, June, September and December in each year. We ll take it from your office or business current account with us or if you don t have one of those from your Account, on the fourth Friday* of those months. *or the next Working Day if Friday is not a Working Day 2.4 Your responsibility You agree that you not us are responsible for carrying out any due diligence on your clients that might be necessary, to make sure you comply with all relevant laws and regulations. 5

6 3. Currency Client Account This section covers the Additional Conditions for our Currency Client Account. When we say your Account in this section, we mean your Currency Client Account. When we say the Terms, we mean the terms in this section. 3.1 Using your Account Your Account is an instant access deposit account Holding your money in US dollars or euro You can only hold money in your Account in whichever currency it s in (either US dollar or euro). You can still pay in other currencies or ask us to make payments in other currencies but before we add them to or deduct them from your Account we ll convert them into the same currency as your Account (as described in our Business Banking Terms and Conditions) Holding your clients money You must only use your Account to hold money on behalf of your clients and you must not use it to make payments for your own business. We may close your Account if we believe you re misusing it, on thirty days notice (in writing). 3.2 Deposits and withdrawals Paying in You can pay money into your Account by: cash Cheque Internal Transfer (from a business current account or business savings account with us in the same name) electronic payment (from an account you hold with another bank or financial institution in the same name) Making payments from your Account You can make payments from your Account by: cash withdrawal over the counter at any HSBC branch (but you should check first to make sure we have enough of the currency you need in stock) Internal Transfer (to a business current account or business savings account with us in the same name) by CHAPS Payment, Priority Payment or Worldpay Payment. You can only make payments from your Account using cleared funds (money that s already in your Account, that you re allowed to withdraw). You can draw against drafts from UK clearing banks and cheques from building societies and solicitors before they ve cleared but if they come back unpaid, we ll deduct the amount from your Account. We won t pay you any interest for the time we treated them as cleared (we treat drafts from UK clearing banks as cleared on the same day they re processed). You must not pay out more than the total of your cleared funds, plus the value of any drafts from UK clearing banks and cheques from building societies and solicitors. If you make a payment that makes your Account go overdrawn, you must immediately pay in enough money to bring it back into credit. 6

7 3.3 Interest Interest We ll pay you Credit Interest at the applicable percentage below the relevant currency base rate. We ll tell you what the percentage is when you open your Account unless we ve already agreed it with you. For details of the current base rate for a particular currency - just contact us. While there is a debit balance on your Account you ll need to pay us Debit Interest at our Currency Standard Debit Interest Rate for the relevant currency. You can find this in our Price List. We ll calculate interest to be paid or charged daily on the cleared credit or debit balance on your Account. By convention, the calculation will be based on a 360 day year but we ll still work it out for every day of the calendar year (365 days or 366 days in leap years). We ll pay or charge interest on your Account every three months in March, June, September and December in each year unless we agree otherwise. If we ve agreed the applicable percentage with you we won t change it unless you agree first. Otherwise, we can change it at any time and we ll treat this as an interest rate change. For details of how we can change our interest rates, see our Business Banking Terms and Conditions. We may ask you to pay Credit Interest to us, if the interest rate for the relevant currency is below 0%. People often call this negative interest. 3.4 Your responsibility You agree that you not us are responsible for carrying out any due diligence on your clients that might be necessary, to make sure you comply with all relevant laws and regulations. 7

8 About HSBC HSBC Bank plc is a company registered and established in England and Wales under registration number Our registered office is at 8 Canada Square, London E14 5HQ. Our VAT registration number is GB HSBC Bank plc is: authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (our firm reference number is ) regulated by the Jersey Financial Services Commission for Banking, General Insurance Mediation and Investment Business licensed by the Guernsey Financial Services Commission for Banking, Insurance, Collective Investment Schemes and Investment Business licensed by the Isle of Man Financial Supervision Commission. hsbc.co.uk Issued by HSBC Bank plc. Customer information: PO Box 6201, Coventry CV3 9HW Isle of Man: PO Box 20, HSBC House, Ridgeway Street, Douglas, Isle of Man IM99 1AU Jersey: PO Box 14, St Helier, Jersey JE4 8NJ Guernsey: High Street, St Peter Port, Guernsey GY1 2LB Printed by St Ives Management Services Ltd MCP /16 HSBC Bank plc All Rights Reserved.