Modern Account

Move to an HSBC Modern Account now and allow yourself to become acquainted with its features with a welcome interest rate. Let your Modern Account take care of all your financial transactions while earning daily interest on your money; leave it to take care of your bills and payment instructions and notify you before payment. Spend your time on you and those you love. With a Modern Account your money increases with preferential interest rates, while you take care of all your daily banking transactions and enjoy added benefits especially for you.

Interest Rates for Modern Account

*The rates shown above are annual gross interest rates which will be applied to your Modern Account on a daily basis. The welcome interest rate is applicable for 45 days, from the day the Modern Account is opened. Above rates are annual gross deposit interest rates indicator of HSBC BANK A.Ş. for Modern Accounts in Turkey. HSBC BANK A.Ş. reserves the right to change the interest rates and apply different interest rates to customers

Benefits:

• Withdraw and deposit cash without worrying about breaking a fixed term
• Make direct debit and standing order payments
• SMS notification before direct debit and standing order payments

While your Modern Account balance is accruing overnight interest with our preferential interest rates, you can draw money from your account whenever you like. When money goes into your account, you continue to benefit from preferential interest rates without having to take any further action.

Features and Advantages:

• You can open Modern Account in TL, USD, EUR and/or GBP. There is no lower limit for opening an account.
• With a Modern Account you can carry out all your daily money management transactions with ease.
  • Cash deposit/withdrawal during the day as and when you need
  • Money transfers
  • Direct debits/ standing orders
  • Recognised overdraft limit
• With a Modern Account interest is accrued daily. The interest rate is applied to the amount of the balance in Modern Account that is above the interest earning lower limit, set by the Bank according to the balance breakdowns, up to the interest earning upper limit. Interest earning upper limits are; 3,000,000 for TRY and 150,000 for USD, EUR and GBP. Please click here to reach, balance breakdowns and interest earning lower limits, set by the Bank for these balance breakdowns.
• No interest is applied to the blocked amount of your balance within Modern Account.
• The Welcome Interest Rate accrues daily and represents annual gross interest rate. The Welcome Interest Rate is applicable for 45 days starting from the day the Modern Account is opened. Standard interest rate accrues to Modern Account after this period. Each customer can benefit from the Welcome Interest Rate only once. If a customer who closes his/her Modern Account and then opens another Modern Account, he/she can not benefit from the Welcome Interest Rate.
• Active Account definition on a current account can also be changed to Modern Account, by terminating the Active Account definition. In that case, the automatic fund purchase/sale will cease, and the account will start to earn overnight interest.
• Your Modern Account will be established over your existing current account. Your current account balance, along with any new money added to it, will start to grow daily thanks to the Modern Account product’s special features.
• Each customer can only have one Modern Account for each currency offered. Where a Modern Account is opened from a joint account, neither of the joint account holders are entitled to open a separate Modern Account from another of their accounts.
• Sums of money deposited in your Modern Account after 17:00 will start to earn interest in effect from the following day.
• You can access your Modern Account easily at one of our branches or through HSBC Retail Internet Banking, Mobile Banking, HSBC Telephone Banking and via our ATMs.

What Do I Need For The Application?

If you have not already opened an account at one of our HSBC branches, you can go into your nearest HSBC branch with the necessary documents and open an account. For a list of which documents you will need in order to apply please click here.

If you have already opened an account at one of our HSBC branches, you can open a Modern Account with just one simple request and without bringing along the documents mentioned above.

Frequently Asked Questions

To obtain more detailed information about the Modern Account you can take a look at the Frequently Asked Questions page or call HSBC Telephone Banking number 0850 211 0 111.