HSBCBank UK

By: EconomyWatch Content   Date: 6 November 2009

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EconomyWatch, Content Team

 

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With more assets than any other bank, HSBCBank UK is one of the major clearing banks in the UK. HSBC Bank UK has a strong presence in the nation, with 1,800 sites of operations. The bank offers a comprehensive portfolio of traditional banking products, such as accounts, along with consumer finance and corporate investment banking.

HSBCBank UK: Network

HSBC Bank UK is headquartered at 8 Canada Square in Canary, London. The building, known as HSBC Towers, is also the home to HSBC Group and employers around 8,000 people in over 45 levels.

 

With more than 1,800 branches through Wales and England, Scotland and Northern Ireland, the bank has a huge reach in the UK. The reach has enabled the bank to maintain a higher loan and deposit ratio due to which it was able to sail smoothly through financially turbulent times. The positive ratio also indicated lesser risk for investors and the bank maintained its share price even during the credit crunch.

HSBCBank UK: Products and Services

Be it investment options or saving accounts, HSBC has enough diversification in its portfolio to offer all kinds of financial products for different needs. Below is a list of some of its offerings:

  • Financial planning: Right from helping consumers in managing their money to helping them grow it, HSBSBank UK offers financial planning for all ages and needs.
  • HSBS premier: This service is meant for globetrotters who can hire HSBC premier service and manage their accounts from round the world.
  • HSBS plus: This products comes with a lot of benefits, such as worldwide travel insurance, identity theft protection and life cover, at a cost of ₤6.47 for the first 3 months.
  • Current accounts: With many options for students, travelers and corporate houses, current accounts offer 24*7 access and referral amounts as well.
  • Savings: Be it Cash ISA, fixed rate bonds, online savers or regular saving accounts, HSBC offers higher interest rates and easy accessibility to funds.

 

HSBSBank UK also offers other products, such as credit cards, loans, mortgages, insurance and international banking. With HSBC, transferring funds in foreign currencies is as easy as exchanging them from a foreign exchange.


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