The cost of opening an account: From 1500 EUR
The cost of opening an account:
From 1500 EUR

General information

Name
HSBC Bank plc
Country

United Kingdom

Official site
www.hsbc.com
Faunded
1 836
History
It was founded in 1836 as The Birmingham and Midland Bank. In 1891, 1898 and 1918, it successively acquired Central Bank of London, City Bank Limited and The London Joint Stock Bank Limited, resulting in changing if its name into the London Joint City and Midland Bank Limited. Name of Midland Bank Limited emerged in 1923. With the entry into force of the Companies Act 1980, the Bank was transformed into a public joint-stock company Midland Bank plc., which was acquired by HSBC Holdings plc in 1992. Momentous consequence of this acquisition was moving headquarters of HSBC Group from Hong Kong to London. Since 2003, the global strategic and financial planning of HSBC Group, bringing together 7,500 offices in 87 countries, is carried out from the 45-storeyed building, located in the eastern district of London - Canary Wharf
Employees
English-speaking staff
Security
Agreement on avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group and others.

Account

Terms of opening for admission (days):
63
Opening terms for cancellation (days):
63
Recommendations:
Не требуется
Description of activity:
Detailed and comprehensive
Account type:
Settlement
Types of accounts:
Personal; Corporate; Settlement
Departure to the bank:
Visiting the bank is not required, however, in order to certify signatures on bank forms, the customer will need to visit the nearest office of HSBC (possibly visit the office in Moscow)
Required documents:
Passports. Typical apostilled corporate documents. Full package of documents on directors, shareholders and company secretary. Comprehensive description of the business. Open list of requested information and documents. Chance of unreasoned rejection and long waiting period
Account opening, probability:
Unpredictable
Particularities during account opening:
Opening an account is possible without entering the country of the bank; Opening an account is possible without having to visit a professional introducer

Rating

Rating in the world:
20
Country Rating:
4
Rating on loans:
AA-

Terms

Balance, minimum:
10000 €
Limit of transfers (per month):
No information
An initial fee :
0 €
Transaction speed:
Payments are executed on the same day

Services and costs

Cost of translation:
Fee for outgoing payments to the banks that are members of the HSBC Group - 20 GBP, to other banks - 30 GBP, all outgoing payments made through the system Business Internet Banking - 17 GBP.
Cost of enrollment:
Fee for incoming payments up to 100 GBP - 0, for all other payments - 6 GBP
Cost of account maintenance:
Fee for servicing the account - 5 GBP per month
Credit card restrictions:
Daily cash withdrawal limit and daily limit on cash transactions are set by the client. Payment limit per transaction is usually set at 5,000 GBP
Insurance for credit cards:
No
Access to the account:
Business Telephone Banking, Business Internet Banking. For accounts in foreign currencies (except GBP) Business Internet Banking system currently provides limited access to the account (only view of information about the current balance). Full access to accounts in foreign currencies through the Internet is possible via HSBCnet
Bank services:
Fiduciary deposits, loans and specialized financing, asset custody, investment consulting, asset management, alternative investments, strategy of choice of funds, corporate finance, mortgages (European Real Estate), collateralized lending
Bank cards:
MasterCard, Visa
Cost of extracts storing:
No information
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Business Banking Price List HSBC UK