HSBC in free small business banking 'pledge'

www.moneynews.co.uk > Banking > HSBC in free small business banking 'pledge'

HSBC in free small business banking 'pledge'

Mon 4th Jun 2007

Small and medium-sized businesses with a turnover of less than £500,000 can benefit from an attractive banking switchover proposition being rolled out by HSBC.

From the start of June until August 31st, such firms will be able to enjoy free business banking with HSBC for 18 months.

The offer on HSBC business accounts means that firms will not experience charges for cash and cheques, for direct debits, standing orders, or bill payments made from customers' business current accounts and for credits paid in to their accounts.

Simon Wainwright, head of business banking at HSBC, said that although the group already offered the incentive to larger businesses, this was the first time it had been extended to smaller groups.

Commenting on the service provided on the HSBC accounts, Mr Wainwright said that the package "offers outstanding value for money and we will manage the switching process from end-to-end to make it as hassle free as possible to move to HSBC".

The deal applies both to the HSBC Business Current Account and the HSBC Business Direct.

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : HSBC
	HSBC commits to 15bn mortgage deals in 2012
	HSBC to offer deals for 2012
	HSBC advises mortgage holders to save for second purchase
	Renting out a room 'could shorten offset mortgage repayments'
	First Direct reveals lack of saving awareness in Britons
	HSBC and First Direct named top mortgage lenders
	New HSBC deal allows customers to switch to fixed rate mortgages
	HSBC finds pessimism over ability to secure mortgages
	HSBC welcomes pensions calculator change
	Pensions calculator advice important, says HSBC