HSBC is increasing the interest-free overdraft buffer from £25 to £300 to help customers during the coronavirus crisis. Both HSBC bank account and Advance account holders will be able to dip £300 i…
If your bank doesn't offer a bigger overdraft, you may want to consider First Direct, which gives a £250 0 per cent overdraft.
If you dip more into the red than that, keep in mind that you'll be charged a hefty 39.9 per cent in interest. Tracie Pearce, HSBC UK’s director of retail banking, said: "We are here for our customers in these truly extraordinary times. "While we put in place a package of support for customers across a number of product areas, we recently added the option of a mortgage payment holiday, which we had not previously offered.
"And now we are providing additional relief on overdrafts for millions of our current account customers.Most read in moneyTesco scraps skimmed milk and multi-pack offers to meet huge demandOAPENING HOURSB&Q cuts opening hours to help keep staff safe during coronavirus crisisWe explain
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