Welcome to HSBC Premier
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Welcome to HSBC Premier You ve joined us at just the right time. In the fast-moving, global economy we live in, knowledge and opportunities are becoming more widespread. Remaining financially secure, informed and in control is more challenging than ever before. Now you can experience the world s first globally linked-up banking service. And thanks to our trusted international presence and expertise, you have access to the very best investment opportunities available in the UK and throughout the world. HSBC Premier is your service, designed to meet your needs, on your latitude, wherever in the world that may be. Contents The HSBC Premier experience 4 The HSBC Premier essentials 6 The HSBC Premier Credit Card 8 International services 10 Additional offers available 16 Important notes 19 3
The HSBC Premier experience HSBC Premier allows you to freely move money between your multiple bank accounts in different countries without any electronic payment charges. In addition to linked-up banking, HSBC Premier raises the bar for access to professional expertise across the globe. You ll now receive priority service, personal support and wealth management advice to help you fulfil your financial goals in over 40 countries and territories where HSBC Premier is available. HSBC Premier is your reward for investing your money with us. HSBC Premier is available to you, if you are 18 or over, pay your annual income into your HSBC Premier Bank Account and either: 1. have savings or investments of at least 50,000 with HSBC in the UK; or 2. have an individual annual income of at least 100,000 and one of the following products with HSBC in the UK: a mortgage; an investment, life insurance or protection product; Or, qualify for HSBC Premier in another country. Please note: HSBC in the UK excludes M&S Bank, First Direct and HSBC Expat. For the second criteria, in the case of a joint account, at least one of the parties must have an individual annual income of at least 100,000. The investment, life insurance or protection products also includes those purchased through one of HSBC's advisers. We ll review your account on a regular basis and if you no longer meet the qualifying criteria, we ll transfer your account to Bank Account. 4
Your HSBC Premier Relationship Manager Our Relationship Management service is at the heart of your HSBC Premier experience. They are always on hand to provide expert help and advice. With their access to international resources and knowledge, combined with their local market intelligence, they are well placed to help you maximise your financial success. Your Relationship Manager can be based locally in a branch near you, or centrally in the Direct Relationship Management team it s your choice. Either way, they can be reached by phone or email. For your convenience, everyday transactional banking can be conducted 24 hours a day (subject to planned maintenance periods) via the HSBC Premier telephone banking service on 08457 70 70 70 (textphone 08457 125 563), or online at www.hsbc.co.uk/premier. To help us continually improve our service, and in the interests of security, we may monitor and/or record your communications with us. Your Relationship Manager, where appropriate, may introduce you to our HSBC Premier Financial Advice Service. If you are eligible for this fee based advice, we can discuss your objectives and goals and recommend solutions to meet your needs. Global recognition As an HSBC Premier customer in the UK, you ll receive equivalent service in all of the markets where HSBC Premier is available. This means that in every one of our HSBC Premier centres located in key cities around the world, you ll be recognised as an HSBC Premier customer. An English-speaking representative will be able to help you resolve your queries and any urgent financial problems that need to be solved back at home. Our global team of HSBC Premier Relationship Managers will help you make the most of your time in their country and are happy to share their local knowledge, even if you just want to know where the locals go out to eat. 5
The HSBC Premier essentials Your HSBC Premier Bank Account Your HSBC Premier bank account provides the following benefits: } A 500 interest free overdraft Any balance that exceeds this will be charged at a debit interest rate that's preferential to our other current accounts. For overdraft interest rate charges please refer to the HSBC Premier Price List. } UK-based foreign currency accounts If you receive income in another currency or if you have a property abroad, you can open UK based accounts in a number of different currencies. } Identity theft assistance Security experts from our partners red24 are on hand 24-hours a day to provide help and advice. For more information, please call +44(0)208 350 5291 or visit www.red24.info/hsbcpremier and enter the password 060605PREMIER. Your HSBC Premier Debit Card Your HSBC Premier Debit Card allows you to withdraw up to 1,000 a day from cash machines around the UK and in over 200 countries and territories worldwide without HSBC ATM transaction fees. Please note that all foreign currency exchange rates shown on your statement against each transaction are inclusive of an exchange rate adjustment charge, which is currently 2.75%. And although we won t apply a transaction fee, some operators may apply a direct charge for withdrawals from their cash machines. If so, this will be advised on screen at the time. } Worldwide travel insurance Worldwide travel insurance for you, your partner and any dependent children provided by Aviva Insurance Limited. For more details, please turn to pages 10 and 11. 6
Managing your money You can choose to manage your money, however it suits you, with our 24-hour* telephone and internet banking services. Or you can complete your banking while you re on the go using the Express Banking machines, available in branches across the UK. If you are new to HSBC, you ll need a security number to get started with the telephone and internet banking services. To set up your security number: visit your local branch or call the HSBC Premier telephone banking service on the number below. Telephone banking With HSBC Premier you have 24-hour* access to our dedicated HSBC Premier telephone banking service. Whatever time you call, you ll always be able to speak to a member of the HSBC Premier team. They will take care of all your day-to-day banking needs. For speed on simple transactions like balances and ordering statements, you can use our automated telephone banking service. Once you have your security number, all you ll need is your sort code and account number to hand when you call. Call the HSBC Premier telephone banking service on 08457 70 70 70 (UK)* +44 1226 260 260 (overseas) (textphone 08457 125 563). Personal Internet Banking Manage your money online wherever you are in the world, 24 hours a day, subject to planned maintenance periods. Once you have your security number, you can register online to activate this service. Visit www.hsbc.co.uk and click on Personal Internet Banking. To explore all the features our Internet Banking Service offers, have a look at our online demonstration at www.hsbc.co.uk/pib-demo. * To help us continually improve our service and in the interests of security, we may monitor and/or record your communications with us. Textphone 0800 0283 516. Lines are open 24 hours, 365 days a year. 7
Rewarding and protecting you every time you use it, the HSBC Premier Credit Card is one of the key features of the HSBC Premier experience. The HSBC Premier Credit Card 8 With no annual fee and a representative 11.9%APR variable, it s your passport to a world of benefits. To apply for your card, please call the HSBC Premier telephone banking service on 08457 70 70 70 (textphone 0800 028 0126). HSBC Premier Reward Points You ll earn two HSBC Premier Points for every 10 you spend on your credit card. Use your points to get money back on any flights and holidays bought using your HSBC Premier Credit Card simply let us know how many points you d like to redeem and we ll credit your card. Redeem your points for retail vouchers from a variety of stores like Amazon, Marks & Spencer and Debenhams ideal for treating yourself or someone special. Turn your points into quality wines and Champagnes from Laithwaites delivered straight to your home or office. Redeem your points online by logging on to Personal Internet Banking at www.hsbc.co.uk or by calling us on 08457 70 70 70. Alternatively, we can automatically redeem your points for you. Just call us or go online and decide whether you want to receive retail vouchers or have donations made to the charity of your choice.
HSBC Premier Travel Offers Far far away is closer than you might think. That's because with HSBC Premier Travel Offers (operated by Thomas Cook), you can receive up to 8% off a range of holidays and flights, plus up to 10% off cruises and travel extras such as car rental and airport parking when you book using your HSBC Premier Credit Card. You can also redeem your Reward Points on top of your discount to make even more savings. World-class offers You also have access to our global programme of exclusive offers. So before booking a weekend in a boutique hotel, or a reservation in a fine-dining restaurant, be sure to take a look at our HSBC Premier Privileges website. It offers you a wide range of travel, dining, shopping and entertainment offers, discounts and upgrades from renowned brands both in the UK and abroad. You can search by category and also by specific destination making it quick and easy to use. To access these exclusive benefits, visit www.privileges.hsbcpremier.com Worldwide protection If your card is lost or stolen when you re abroad, we can arrange an emergency replacement within 36 hours. Where there are no HSBC branches, we can also arrange an emergency cash advance at 245,000 locations worldwide. Our sophisticated fraud detection systems have been designed to identify overseas transactions made on your card. To help ensure maximum efficiency of your card while abroad, you can register your travel plans by phone or online. This will help further protect you and will mean you re less likely to be asked to verify your identity when making a purchase. To inform us of your travels, call the 24-hour HSBC Premier telephone banking service on 08457 70 70 70 (textphone 0800 028 0126). Extended warranty on most household appliances For added protection, you can extend the manufacturer's warranty for up to two years on most household appliances. The next time you buy a new ipod, HD television or kitchen appliance costing between 50 and 2,000, make sure you pay with your HSBC Premier Credit Card. Most household appliances are eligible providing they are registered within 90 days of purchase. You can register up to 3 items of equipment (6 if a joint card is held) per calender year. Cover is provided by Domestic & General Insurance PLC and is only available to residents of the UK, the Channel Islands and the Isle of Man. Policy terms and conditions apply. To find out more, call 0800 169 1074 or visit www.hsbc.co.uk/premier. Telephone lines are open 8am to 8pm Monday to Saturday and 10am to 4pm Sundays, except Christmas Day, Boxing Day and New Year s Day. 9
International services Travelling abroad As an HSBC Premier customer, you can be sure of a warm welcome, priority service and personal support wherever you go. We ll take care of all your banking needs on the road with superior levels of service at branches right across the globe. Feel at home at our HSBC Premier centres worldwide At any one of our 300 HSBC Premier centres across the globe, you can be put in touch with your Relationship Manager in the UK, you can access Internet Banking and even use our meeting rooms for your own business needs. There will be an English speaker on hand so you ll always be understood. And our local staff will even be happy to recommend their favourite restaurants or things to do, to make your stay more memorable. To discover where our HSBC Premier centres are located, visit www.hsbcpremierlocator.com. In an emergency Should you ever have an emergency while you re abroad, help is always at hand. Simply walk into any HSBC branch and identify yourself. You ll be given immediate access to our range of HSBC Premier emergency services. } If you lose your cash or cards, we ll cancel your card immediately and issue a replacement credit card within 36 hours. } We ll make sure you have local currency to the value of US$2,000 in cash. } You can be connected to the HSBC Premier Telephone Banking service in the UK who will help you in any way they can. 10
HSBC Premier Family Services As an HSBC Premier customer, the benefits don t stop with you they also extend to your family. Each of your children aged 11 and over is entitled to an HSBC Premier Recognition Card, giving them access to our international emergency services: up to $2,000 instant cash with your permission, access to the worldwide helpline (+1-908-PREMIER) and credit card replacement within 36 hours. They ll also receive assistance in over 6,000 Englishspeaking branches worldwide, so you can rest assured they have a global safety net wherever they are in the world. One of the most important life-skills you can teach your children is to learn the value of money. Our children s HSBC Premier MyMoney accounts gives your child the opportunity to manage their own money from a young age with your guidance while our HSBC Premier Family Savings accounts offer preferential rates for 18 to 25 year olds. Our Family Financial Planning services are always on hand to help you prepare for and secure your family s future. And if your child is thinking of studying abroad, we can have an account open and ready for them before they arrive in over 45 countries. Worldwide travel insurance Available if you are aged under 70 and your main home is in the UK, the Channel Islands or the Isle of Man, you are registered with a local doctor and liable to pay local taxes for at least six months at the time of opening your Premier account or booking the trip, whichever is later. So if you are taking your family on a winter skiing holiday, you ll receive cover for you, your partner and your dependent children. Please read the policy documents enclosed in this welcome pack for details of the benefits and exclusions. Please note: Your unmarried dependent children are covered if they accompany you or your partner and are under 18 at the start date of the trip (or under 23 if still in full-time education and live with you outside term time)or if they are travelling abroad alone to stay with close relatives. You must declare any pre-existing medical conditions suffered by you and any persons insured by the travel insurance to the Insurer s medical assessment helpline, at the time of opening your HSBC Premier bank account or when booking your trip. You must also declare any medical conditions suffered by anyone upon whose health may affect your travel plans, such as a close relative or travelling companion. Policy terms and conditions apply. Worldwide Travel Insurance is provided by Aviva Insurance Limited. 11
Travel safety assistance from red24 Travel to the far reaches of the planet is now more popular than ever. That s why we ve partnered with global security specialists red24 to provide you with unrivalled travel safety assistance as an HSBC Premier benefit. } Receive a detailed travel report prior to departure, tailored according to your destination, age and reason for travel. } Whilst abroad, receive email updates and SMS alerts about events that may affect your personal safety. } In case of a life-threatening situation when abroad, a rescue team will be deployed to evacuate and repatriate you, your partner and any children (under 23 or in full time education) away from immediate danger. To ensure all costs are covered, please inform us of your travel plans in advance. Online advice For constantly updated travel information on over 170 countries, go to www.red24.info/hsbcpremier and enter the password 060605PREMIER. 24-hour helpline The confidential helpline is available around the clock. To speak to an expert about any safety concerns, inform us of your travel plans or report an emergency, call red24 on +44(0)208 350 5291. In this welcome pack you ll find a card containing the red24 contact details. We recommend that you carry it with you when travelling, so you ll have access to help whenever you need it. 12
Relocating to a new country If travelling turns into something more permanent, as an HSBC Premier customer you ll have instant access to a wealth of help, advice and support to make your transition as smooth and hassle-free as possible. } We ll undertake an International Needs Review with you before you move to make sure all your banking needs are covered. } When you get to your new country, your local relationship manager will contact you to make sure your banking service is running smoothly. } Where appropriate, we can introduce you to our offshore banking specialists. There are some countries in which this service is not available. Setting up a foreign bank account If you re moving abroad, a bank account is one of the first things you ll need. This can often be difficult to set up but as an HSBC Premier customer, we ll have your new account with a local Relationship Manager up and running before you even arrive. Your new account number, along with your cards, your cheque books, your PINs, will be dispatched within ten working days from receipt of the required documentation. And we won t charge you an extra penny in the process. 13
Global View and Global Transfers Multiple bank accounts in different countries can be difficult to control especially when you want to move your money around. As an HSBC Premier customer you have access to Global View via Personal Internet Banking, enabling you to view your HSBC accounts from around the world on one screen and manage your money from a single internet banking log-on. The service includes same day transfers and as a HSBC Premier customer there are no transaction charges when making a Global Transfer. Please be aware there are some countries where HSBC does not have a presence and bank accounts and Global View are not available. Offshore banking If you re living and working abroad, our HSBC Premier offshore banking service could help you to grow your wealth and maximise the opportunities open to you. HSBC Bank International, based in Jersey, can give your savings the freedom to grow in a safe and stable home. Depending on your circumstances, banking offshore may also open up potential tax efficiencies available to you. With financial experts also based in Hong Kong, Miami, Dubai and Singapore, we have extensive reach and experience in maximizing the benefits for our international customers. To open an offshore and/or foreign bank account in any of the 45 countries and territories where HSBC Premier is available, call your International Banking Centre in the UK on 0845 607 6706 (call +44 20 7991 7414 from overseas). Please note: Our banking services across each country can vary significantly due to local legal and regulatory constraints. Our UK International Banking Centre will explain how we can help meet your particular needs. Lines are open 9am to 5pm Monday to Friday (UK time). To help us continually improve our service, and in the interests of security, we may monitor and/or record your communications with us. Buying property overseas Found a French gîte with a certain je ne sais quoi? Fallen in love with a remote villa on a Greek island? If you re looking to invest in one of our Global HSBC Premier countries around the world, you can tap into our HSBC Premier network of on-theground expertise. Our team has first-hand knowledge of the local property market. We will open you an additional account as close to your new property as possible. You d then be able to move funds between your accounts without paying any fees perfect for paying off your mortgage in a foreign currency. Your Relationship Manager would work alongside their local counterpart, so you wouldn t have to worry about potential linguistic or cultural differences. Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. Changes in exchange rate may increase the sterling equivalent of your debt. 14
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In addition to the excellent banking and travel benefits of being an HSBC Premier customer, you can also look forward to additional offers on a whole range of HSBC products and services. Additional offers available LifeChoices With HSBC Premier, you can protect your family with benefits that include life and critical illness cover, and as a Premier customer you'll receive preferential terms. For more information, either speak to your Relationship Manager, call 08457 70 70 70 (textphone 0800 028 0126) or visit www.hsbc.co.uk/protection. Not available in the Channel Islands or the Isle of Man. Car and Home Insurance Your home and car are possessions that are as individual as you, so when the time approaches to renew your insurance, HSBC can arrange cover to meet your needs. If your car is currently insured elsewhere and your renewal is more than 200 we guarantee to beat your quote by at least 10% (15% for any additional cars). Offer open to new customers only. 16
With UK only call centres, a free courtesy car and extended EU cover all included as standard with a comprehensive policy, plus a range of optional extras available to meet your needs, you can be confident that superior service comes as standard with Premier Car Insurance. To arrange cover visit www.hsbc.co.uk/ insurance/premier-car-insurance, give us a call on 0800 023 2982 or speak to your Relationship Manager. Lines are open from 8am to 8pm Monday to Friday, 9am to 5pm Saturday and 10am to 3pm Sunday (excluding public holidays). For a Home Insurance quote or more information, email contact@marsh.com, call Premier Solutions Home Insurance on 0845 600 6614 or speak to your Relationship Manager. Premier Solutions have access to many specialist insurers, if you have personal contents with a value of more than 80,000 (excluding jewellery and watches) or a private house, with a rebuild cost of over 500,000, which means they can search from a wide range of policies to select the one that best meets your needs. Premier Solutions business hours are Monday to Friday 9am to 5pm. To help us continually improve our service, and in the interests of security, we may monitor and/or record your calls with us. Terms and conditions apply. HSBC Premier mortgages Whether you re buying a property, looking to raise additional finance against the equity in your property, or you simply want to move your mortgage to a better deal, we have a mortgage to suit your needs. And with HSBC Premier, you receive preferential terms on our standard residential or buy-tolet mortgage range. For more information, either speak to your Relationship Manager or call 08457 70 70 70 (textphone 0800 028 0126). Think carefully before securing other debts against your home. Your home/ property may be repossessed if you do not keep up repayments on your mortgage. Mortgages are subject to local legal and compliance requirements, terms and conditions and HSBC s services available in each country. Saving with HSBC Premier As an HSBC Premier customer, you ll have access to our entire range of savings solutions on offer including our Cash ISA* and HSBC Premier Savings Account. Whether you re looking for instant access, regular or fixed term savings, your Relationship Manager will help you find the type of account that suits you best. * Not available in the Channel Islands or the Isle of Man. 17
HSBC Premier Golf Network As an HSBC Premier customer, you are eligible for free membership to our HSBC Premier Golf Network. With a select group of clubs around the UK as partners, the Network has been set-up to provide preferential access for players of all abilities. And even non-golfers will enjoy the discounts on offer at popular spa and leisure destinations. Once you ve registered, you ll be able to tee off with the following benefits: } preferential rates on green fees } priority booking on tee times seven days a week at our network of nationwide golf courses } special offers on lessons with club professionals at our network of courses } a free bucket of range balls during HSBC Hour, an allotted time at each club } regular tips from leading professionals with our monthly e-newsletter } key skills and drills to help improve your game, courtesy of St. Andrews Links Golf Academy, and exclusive rates to play at the home of golf itself } discounted breaks at popular golfing destinations including spa and other leisure options for non-golfers. To register and for more details on the exclusive benefits you ll receive, visit www.premier-golf-network.hsbc.co.uk 18
Important notes Written details of our products and services are available from the address at the back of this brochure. There may be charges for additional services and you ll be advised of these where they apply. Banking products and services HSBC Premier is subject to eligibility criteria, which can be found on page 4 of this brochure. We will review your account on a regular basis and if you no longer meet the qualifying criteria, we'll transfer your account to Bank Account. We'll contact you two months before we do this to advise you of the change and discuss your options. We may vary the eligibility criteria for HSBC Premier from time to time. Account opening and credit facilities are subject to status. Your HSBC Premier Bank Account is subject to our General, Current Accounts and Savings Accounts Terms and Conditions which are included in this pack. Additional services will be subject to the terms and conditions in this brochure and any other terms and conditions we may provide you. 19
Important information HSBC Bank plc is established at 8 Canada Square, London E14 5HQ, its registered office. In the UK, HSBC Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and registered in the Financial Services Register with the registration number 114216. You can check our name, address and statutory status by telephoning 0800 111 6768 or by visiting the FCA website www.fca.org.uk. In the UK, HSBC Bank plc is also licensed by the Office of Fair Trading to carry on a consumer credit business, licence number 6343. Our terms and conditions and our dealings with you up until the time your account is opened are governed by the laws of England and Wales for accounts held in the UK or, for accounts held in the Channel Islands or the Isle of Man, by the laws of the Island where your account is held. We are required by law to tell you the terms and conditions are in English and we will communicate with you in English. Further information and written details about our products and services are available from any of our branches or from Customer Information, PO Box 6201, Coventry CV3 9HW. We reserve the right to decline applications for any product, account or service. Our credit facilities are subject to status. We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors including most individuals and small businesses are covered by the scheme. In respect of deposits, an eligible depositor is entitled to claim up to the current FSCS limit for deposits. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, each depositor would have a separate claim up to the FSCS deposit limit and so the maximum amount that could be claimed in total would be twice the current FSCS deposit limit. The FSCS deposit limit relates to the combined amount in all the eligible depositor s accounts with the bank, including their share of any joint account, and not to each separate account. First Direct and HSBC are both trading names of HSBC Bank plc and customers who hold deposits under both trading names will only be eligible for one claim of up to the FSCS deposit limit in total. For further information about the compensation provided by the FSCS (including the current limits, amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website FSCS.org.uk or call the FSCS on 020 7741 4100 or 0800 678 1100. Please note only compensation related queries should be directed to the FSCS. If you have a complaint please let your local branch manager, or the manager of the department concerned know. We will endeavour to resolve your concerns and put matters right. If your complaint is not settled to your satisfaction you may be able to refer it to the Financial Ombudsman Service. Our Listening to your Comments leaflet contains further details. In the Channel Islands and the Isle of Man, please allow our Customer Relations Team to take the first opportunity to answer your concerns and put matters right. You can telephone the Customer Relations Team on 01534 606240. We hope that you will not need to progress beyond this step. If you cannot settle your complaint, you may be entitled to refer it to the Financial Services Commissions in Jersey or Guernsey and the Financial Services Ombudsman Scheme for the Isle of Man. We will tell you if your application has been successful and when we will open your account. This may be subject to appropriate identification, address verification or other specified documentation being produced to us. For a period of 14 days after the date you are provided with the HSBC Premier Service you have the right to cancel your contract with us and close your account without charge. For applications completed by telephone, this period 20
will start from the date you receive the Terms and Conditions in the post. You can also tell us at any time thereafter to close your account. In both instances we must receive your instructions in writing or via our Personal Internet Banking service (you can only use our Personal Internet Banking service if you have two or more accounts with us, including any First Direct accounts, and the balance on your account is being transferred to another account with us). If it is a joint account we must receive instructions from all account holders. We have the right to close your account at any time and will normally give you at least two months notice of this. HSBC subscribe to the Lending Code. Cash Machines Fee free cash machine access means free of fees from HSBC. Some members may apply a direct charge for withdrawals from their cash machines and this will be advised on the screen at the time of withdrawal. You will be given the opportunity to cancel the transaction should you wish to do so. Some of our UK self-service machines let you use your debit card to make cash withdrawals in euros or US dollars. The HSBC prevailing currency exchange rate, the amount of currency you will receive and the sterling equivalent of your currency withdrawal will be detailed on screen. This amount will be immediately deducted from your account balance. Card Usage You are not liable for any transactions undertaken if your HSBC Bank credit/ debit card is misused by someone who obtained it without your consent. We reserve the right to investigate and ultimately hold registered cardholders liable if we believe/prove that the cardholder was negligent, or participated/assisted in the completion of the fraudulent transactions. For more information, please see our General Terms and Conditions and Current Accounts Terms and Conditions (for Debit Cards) and our Credit Card Terms and Conditions (for Credit Cards). Worldwide cash withdrawals The exchange rate that applies to any foreign currency debit card payments (including cash withdrawals) is the wholesale market rate used by VISA applying on the day the conversion is made plus our foreign exchange charge, which is currently 2.75% of the applicable VISA wholesale rate. We will make the conversion and deduct the payment from your account once we receive details of the payment from VISA, at the latest the next working day. Details of the current wholesale market rates can be obtained by calling us on the usual telephone numbers. Mortgages Our mortgages are subject to security and status. A charge will be taken over the property. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Travel Insurance Travel Insurance is subject to policy terms and conditions and is only available to customers under 70 years of age who are resident in the UK, Channel Islands or Isle of Man. Please note: To be resident, your main home must be in the UK, Channel Islands or Isle of Man and you must be registered with a local doctor and liable to pay local taxes. You must have been resident for at least six months at the time of opening your account to qualify for Worldwide Travel Insurance. You must declare any pre-existing medical conditions suffered by you and any persons insured by the travel insurance to the Insurer s medical assessment helpline, at the time of opening your HSBC Premier bank account or when booking your trip. You also need to tell them about any medical conditions suffered by anyone whose health may affect your travel plans, such as a close relative, travelling companion or close business associate. If you fail to tell them about your pre-existing medical conditions, your insurance may not be valid and you may not be covered. Policy terms and conditions apply. 21
Global View and Global Transfers Before you can make a Global Transfer your accounts will need to be linked. Foreign currency exchange rates may apply. Interest rates Rates on HSBC Premier Savings Account are preferential when compared to our Flexible Saver or any account that replaces it. We will pay you interest after deduction of basic rate tax. If you are a higher rate tax payer you may have to pay the higher rate of income tax on any interest credited to your account. To benefit from preferential rates on our Cash ISA or HSBC Premier Savings Account you must continue to hold the HSBC Premier service. If you no longer have the HSBC Premier service you will no longer receive the preferential rate but will receive our standard rate. You will only be able to receive Preferential interest monthly on our Cash ISA. If you no longer qualify for the HSBC Premier service and your interest reverts to our standard Cash ISA rate, you will continue to receive interest monthly. Overdrafts If you have an overdraft you have to pay debt interest in the usual way. The first 500 is interest free. For overdraft interest rate charges please refer to the HSBC Premier Price List. Financial planning HSBC Premier Financial Advice is only available to UK residents who have at least 50,000 in savings and investments. We offer restricted advice. This means we don t offer products from the whole of the market, but rather recommend from a select range of products and providers. The value of investments (and any income received from them) can fall as well as rise and you may not get back what you invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets. Most investments should be considered as a medium- to long-term commitment, meaning you should be prepared to hold them for at least five years. We are required to advise you that if you undertake investment business with any non-uk members of the HSBC Group you will be excluded from the benefits of the rules and regulations made under the UK s Financial Services and Markets Act 2000, including the UK s Financial Services Compensation Scheme. Our will writing service, executorship service and investment management services are provided by HSBC Trust Company (UK) Limited. Telephone banking HSBC Premier telephone banking and Personal Internet Banking services are open 24 hours a day subject to planned maintenance periods. To ensure that we carry out your instructions accurately, to help us continually improve our service and in the interests of security we may monitor and/or record your telephone call with us. Jersey, Guernsey and the Isle of Man In Jersey, HSBC Bank plc is regulated by the Jersey Financial Services Commission for Banking, General Insurance Mediation and Investment Business and we abide by the Jersey Codes of Practise for Consumer Lending. In Guernsey, HSBC Bank plc is licensed by the Guernsey Financial Services Commission for Banking, Insurance, Collective Investment Schemes and Investment Business. In the Isle of Man, HSBC Bank plc is licensed by the Isle of Man Financial Supervision Commission and our principal address is: HSBC Bank plc, PO Box 20, HSBC House, Ridgeway Street, Douglas, Isle of Man IM99 1AU. Deposits made with our branches in the Channel Islands and the Isle of Man are not protected by the rules made under the UK s Financial Services and Markets Act 2000 for the protection of retail clients, including the UK Financial Services Compensation Scheme and the Financial Ombudsman Service. In Jersey, HSBC Bank plc is a participant in the Jersey Banking Depositor Compensation Scheme. The Scheme offers protection for eligible deposits of up to 50,000. The maximum total amount of compensation is capped at 100,000,000 in any 5 year period. 22
Full details of the Scheme and banking groups covered are available on the States of Jersey website or on request. In Guernsey, HSBC Bank plc is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for qualifying deposits up to 50,000, subject to certain limitations. The maximum total amount of compensation is capped at 100,000,000 in any 5 year period. Full details are available on the Scheme s website www.dcs.gg or on request. Deposits made with our branches in the Isle of Man are protected by the Isle of Man Compensation of Depositors Regulations 2010. Full details available on request. All interest is paid gross except to residents of the European Union. If you are residing in the EU and have accounts in Jersey depending on your circumstances, credit interest may be subject to a retention tax. As an alternative, you can opt to have your account details reported ultimately to your local tax authority. If you have accounts in either Guernsey or the Isle of Man you will have your details reported to your local tax authority. Your tax situation will depend on your personal circumstances and we recommend you obtain independent tax advice. Any tax information in this leaflet is based on our understanding of current and proposed legislation and practice. The legislation and practice may be subject to change. The legislation and practice may be subject to change. Cash ISAs and LifeChoices are not available to residents of Jersey, Guernsey and the Isle of Man. Textphone is not available to residents of Jersey, Guernsey and the Isle of Man. International Personal Banking Services These services are provided in conjunction with other members of the HSBC Group. The service provided will vary by country depending on HSBC s service offering in that country. The International Banking Centre will inform customers of what is available prior to any account being opened. Credit facilities are provided subject to local legal and compliance requirements. You should not deposit funds or use your new account until you have entered the country in which the account has been opened. This does not apply to HSBC Bank International Limited or where you have an existing HSBC account or established place of residence in that country. Opening accounts outside of the UK Please note that if you undertake investment business with any non-uk members of the HSBC Group, you will be excluded from the benefit of the rules and regulations made under the UK s Financial Services and Markets Act 2000, including the UK s Financial Services Compensation Scheme. Insurance Product Providers The companies providing insurance covered in this brochure are: Travel Insurance Aviva Insurance Limited, a member of the Aviva Group Extended Warranty Domestic & General Insurance plc. Car Insurance Equity Direct Broking Limited who arrange cover with the insurer Equity Red Star. Home Insurance Marsh Ltd. The above insurance providers are authorised and regulated by the Financial Services Authority. Other service providers Global Emergency Services are provided by the Global Service Assistance Centre, part of MasterCard International and AXA Assistance. Their addresses are: MasterCard International Incorporated, 200 Purchase Street, Purchase, NY 10577-2509 AXA Assistance, 200 W. Jackson Boulevard, Suite 1100, Chicago, IL 60606 Identity theft advice and travel safety assistance is provided by: Red24 plc, The Coach House, Bill Hill Park, Wokingham, Berkshire RG40 5QT 23
Issued by HSBC Bank plc Registered Office: 8 Canada Square, London E14 5HQ Customer Information: PO Box 6201, Coventry CV3 9HW PO Box 14, St Helier, Jersey JE4 8NJ PO Box 31, St Peter Port, Guernsey GY1 3AT PO Box 20, Douglas, Isle of Man IM99 1AU TSCOMP2 MCP42105 06/13 HSBC Bank plc 2013. All Rights Reserved. AC15085