HSBC

Reviewed · Nov 2026

HSBC Global Private Banking. Everything below is from the bank's own pages, its regulators or the league table publishers, numbered to the Sources page.

The facts

HSBC states that HSBC Private Bank in the Channel Islands and Isle of Man is available for clients with assets over £1,500,000 (page read 1 November 2026).¹²
HSBC states that there is no charge for maintaining the Private Banking current account (page read 1 November 2026).²⁸⁵
HSBC states that a bespoke discretionary portfolio requires a minimum investment of GBP20m or currency equivalent (page read 1 November 2026).²⁸⁶
HSBC states that its Discretionary Investment Management Service Fee for a multi asset class portfolio is 0.50% a year on average qualifying assets from £10,000,000 up to £20,000,000 (page read 1 November 2026).²⁸⁷
HSBC states that its Discretionary Investment Management Service Fee for a multi asset class portfolio is 0.45% a year on average qualifying assets from £20,000,000 up to £50,000,000 (page read 1 November 2026).²⁸⁸
The FCA, in a Decision Notice dated 14 December 2021, imposed a civil penalty of £63,946,800 on HSBC Bank plc (HSBC), stating that it 'failed to comply with the ML Regulations because its policies and procedures for 2 of its key automated transaction monitorin…¹⁴
The FCA, in a Final Notice dated 23 May 2024, imposed a financial penalty of £6,280,100 on HSBC UK Bank plc (HSBC), stating that 'HSBC UK breached Principles 3 and 6 of the Authority’s Principles for Businesses by failing to show forbearance and due considerat…¹⁵
The PRA, in a Final Notice dated 29 January 2024, imposed a financial penalty of £57,417,500 on HSBC Bank plc and HSBC UK Bank plc together (HSBC), stating that 'there were serious failings at the Firms in relation to the implementation of the DP Rules' (the D…²⁸⁹
The FCA's firm-level complaints data for 2026 H1 gives a 'Context (Provision)' figure of 2.26 for HSBC (HSBC UK Bank Plc, group HSBC GROUP) in the Banking and credit cards product group between 1 January 2026 and 30 June 2026, which the FCA describes as complaints opened per 1,000 policies, balances, accounts or agreements in force; this is an entity-wide figure that the FCA does not separate for private banking.¹³
HSBC, named on the prospectus cover as Joint Bookrunner alongside Citigroup and J.P. Morgan Cazenove, shared a base underwriting commission of 2% of the offer price with the other underwriters on the Moonpig Group plc IPO in February 2021.⁶¹
HSBC, named on the prospectus cover as Joint Bookrunner alongside Morgan Stanley, Goldman Sachs International, Barclays and BofA Securities, shared a base underwriting commission of 1.5% of the offer price with the other underwriters on the Dr. Martens plc IPO in January 2021.⁶²
LSEG ranked HSBC 19th in its table of announced M&A with any UK involvement for full-year 2025.⁶³
LSEG ranked HSBC 15th in its table of global investment banking fees in the Global Investment Banking Review for full-year 2025.⁶⁴

What it publishes

Desk	Item	Published	As read
capital markets	fee schedule	No
capital markets	minimum investable assets	No
capital markets	eligibility criteria	No
capital markets	indicative fee range	No
capital markets	retainer terms	No
m and a	fee schedule	No
m and a	minimum investable assets	No
m and a	eligibility criteria	No
m and a	indicative fee range	No
m and a	retainer terms	No
private banking	fee schedule	Yes	Maintaining the account (Service Fee: Private Banking current account only) No charge.
private banking	minimum investable assets	Yes	The account is available if you have investment needs of £1.5 million or over. You must have savings and/or investments of at least £1.5 million (or the USD/EUR
private banking	eligibility criteria	Yes	The account is available if you have investment needs of £1.5 million or over. You must have savings and/or investments of at least £1.5 million (or the USD/EUR
private banking	indicative fee range	Partly	Discretionary Investment Management Service Rates: Multi Asset Class Qualifying Assets Average value over preceding quarter (GBP*) Discretionary Investment Man
private banking	retainer terms	Partly	The Discretionary Investment Management Service Fee is an ongoing fee.

The Secret Banker's view

HSBC's private banking account wants £1.5 million held with HSBC in the UK. Money at first direct or M&S Bank does not count, which I read as the group declining to recognise its own relatives. The discretionary fee tiers I found, from 0.60% down to 0.40%, sit in a Channel Islands schedule. The UK page says advice fees apply and leaves it there. The PRA fined HSBC Bank plc and HSBC UK Bank plc £57,417,500 in January 2024.

Opinion, based on the facts above. Corrections through the contact page; a credible one gets a sourced fix within a week.

No firm named here has been consulted, and none should feel left out.