Future Saver for Children

Saving for a childs future

Our Future Saver for Children account is a straightforward instant access savings account that you can save regularly in or make lump sum deposits into. Just complete the standing order on the application form at the back of this brochure. Anyone aged 18 or over can apply to open an account for the benefit of a child with an initial deposit of just 1. If the child is 7 years or older, you may also be interested in our MySavings Account which can be opened in their own name. Please call in to your local branch or visit www.hsbc.co.uk for further information.

Interest and tax

The value of the tax benefits described depends on individual circumstances. These could change in the future. There are special rules if a parent has given savings to their child. Where gifts from a parent produce more than 100 gross income a year, the whole of the income from the gifts are taxed as the parents income and the account cannot be registered in the childs name to have interest paid without the deduction of tax. The 100 rule applies to young people until they reach 18 or marry (whichever comes first). The 100 rule applies separately to each parent. It does not apply to gifts given by grandparents, other relatives or friends. Interest will be paid monthly, and you will get a quarterly statement, unless you request to receive your statements electronically. Interest is variable and normally paid after deduction of tax, however as this account is held on behalf of a child, they may qualify to receive interest gross. Non-taxpayers are entitled to receive gross interest if they have completed, returned and we have processed an R85 Registration Form. Higher rate taxpayers may have an additional tax liability. If you require further information on this subject, please go to www.hmrc.gov.uk/ taxback or alternatively please contact your local tax office.

Opening an account
Visit your nearest branch who will be happy to assist you in opening the account or call us on 0800 130 130 (textphone 0800 028 0126*). The attached application form may be completed in advance and handed into your local branch. You can open an account in your name Re the child for whose benefit you are opening the account. We will then need to see identification for the child, eg, an original copy of the birth certificate.

We may also require separate documentation to verify the childs address, eg, National Health/Medical Card. If you are not an existing HSBC Bank customer we will also need to identify you. Please see page 7 for acceptable forms of identification.

Summary Box
Key Product Information for our Future Saver for Children account

Account Name
Variable rate Interest rates (AERs)

Future Saver for Children

Interest paid monthly See current rate insert for details

Tax Status Conditions for bonus payment Withdrawal arrangements Access

Interest is paid net of basic rate income tax. A parent or guardian may register to receive interest paid gross on behalf of the child No bonus payment applies to this account Instant access The account can be applied for in branch and by telephone (0800 130 130*), but once opened can be operated in branch, by telephone and online.

Important information
This brochure should be read alongside our Savings interest rates insert which is included with this brochure. It contains only a summary of the main product features. Our Future Saver for Children account is subject to our General, Current Accounts and Savings Terms and Conditions, a copy of which will be sent /given to you at the time you apply. Further information about our products and services, are available by calling 08457 404 404 (Channel Island and Isle of Man customers please call 08456 006 161).* Statements regarding tax liability reflect our current understanding of legislation and practice and are subject to change.

Closing an account
For a period of 14 days after the date we open your account you have the right to cancel your contract with us and close your account. For applications completed by telephone, this period will start from the date you receive the terms and conditions in the post. You can also tell us at any time thereafter to close your account. In both instances we must receive your instructions in writing or via our Personal Internet Banking Services. If it is a joint account you want to close we must receive instructions from all account holders. Please note, we also have the right to close your account at any time and we will normally give you 30 days notice of this.

For your information

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors including most individuals and small businesses are covered by the scheme. In respect of deposits, an eligible depositor is entitled to claim up to the current FSCS limit for deposits. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, each depositor would have a separate claim up to the FSCS deposit limit and so the maximum amount that could be claimed in total would be twice the current FSCS deposit limit. The FSCS deposit limit relates to the combined amount in all the eligible depositors accounts with the bank, including their share of any joint account, and not to each separate account. HSBC and First Direct are both trading names of HSBC Bank plc and customers who hold deposits under both trading names will only be eligible for one claim of up to the FSCS deposit limit in total. For further information about the scheme (including the current limits, amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS

website www.fscs.org.uk or call the FSCS on 020 7741 4100 or 0800 678 1100. For all other enquiries on your account please contact your local branch or call us on 08457 404 404 or if you are a Premier customer on 08457 70 70 70. HSBC Bank plc is incorporated in England and Wales and is established at 8 Canada Square, London E14 5HQ which is its registered office. HSBC Bank plc is regulated by the Financial Services Authority and is registered in the Financial Services Authority Register with the registration number 114216. In the UK, HSBC Bank plc is also licensed by the Office of Fair Trading to carry on a consumer credit business, licence number 6343. HSBC Bank plcs registered VAT number is GB365684514 and its company register number is 14259. Deposits made with our branches in the Channel Islands and the Isle of Man are not protected by the rules made under the UKs Financial Services and Markets Act 2000 for the protection of retail clients, including the Financial Services Compensation Scheme and the Financial Ombudsman Service. In Jersey, HSBC Bank plc is a participant in the Jersey Banking Depositor Compensation Scheme. The scheme offers protection for eligible deposits of up to 50,000. The maximum total amount of compensation is capped at 100,000,000 in any 5 year period.

Full details of the scheme and banking groups covered are available on the States of Jersey website or on request. In Guernsey, HSBC Bank plc is a participant in the Guernsey Banking Deposit Compensation Scheme established by The Banking Deposit Compensation Scheme (Bailiwick of Guernsey) Ordinance, 2008. Deposits made with our offices in the Isle of Man are protected by the Isle of Man Compensation of Depositors Regulations 2010. Full details are available from our branches in Jersey, Guernsey and the Isle of Man respectively. In Jersey HSBC Bank plc is regulated by the Jersey Financial Services Commission for Banking, General Insurance Mediation and Investment Business and we abide by the Code of Practice for Consumer Lending. In Guernsey HSBC Bank plc is licensed by the Guernsey Financial Services Commission for Banking, Insurance, Collective Investment Schemes and Investment Business. In the Isle of Man, HSBC Bank plc is licensed by the Isle of Man Financial Supervision Commission.

Services for customers with disabilities

Please ask us if you require a Braille or audio version of this leaflet. A textphone service is available for customers with speech and/or hearing impairments please call us on 08457 125 563*.

Letting us know if you are unhappy with our service

If you have a complaint please let your local branch manager or the manager of the department concerned know. We will endeavour to resolve your concerns and put matters right. If your complaint is not settled to your satisfaction you may be able to refer it to the Financial Ombudsman Service. Our Listening to your comments leaflet contains further details.
* Lines are open 8am to 10pm every day, except Christmas Day, Boxing Day and New Years Day. To help us continually improve our service and in the interests of security, we may monitor and/or record your telephone calls with us. Textphone service not available in the Channel Islands and Isle of Man.

Account Opening and Identification

We will tell you if your application has been successful and when we will open your account. This may be subject to appropriate identification, address verification or other specified documentation being produced to us. If you do not already bank with us, we will need to see some form of identification before we can complete your application, such as: We may need to verify your current residential address. An original of at least one of the following documents is acceptable: bank or building society statement or }  passbook showing current activity recent utility bill (mobile phone bills are }  not acceptable) local authority/ council tax bill or water }  rates bill valid for the current year. For details of alternative documentation please contact your local branch.

} valid full passport } full UK, Channel Islands, or Isle of Man

driving licence

} National Identity Card.

Future Saver for Children

I/ We:

Application Form
To: HSBC Bank plc Branch name I/We wish to open a Future Saver for Children account

Enclose (Personal cheques to be made payable to HSBC Bank plc.) Request you to transfer from my account: Sort code Account no Complete only those details which differ from main applicant.

Your name Surname First name Other names Your address House number/name Street name District Town County Postcode Date moved to present address If at present address for less than three years: previous address House number/name Street name District Town County Postcode

Second applicants name Surname First name Other names Second applicants address House number/name Street name District Town County Postcode

D D M M Y Y Y Y

Date moved to present address House number/name Street name District Town County Postcode

D D M M Y Y Y Y

If any persons(s) are opening this product in the UK and are not a permanent UK resident, or in the Isle of Man or Channel Islands and are not a permanent resident of the Isle of Man or Channel Islands, you may need to complete a Non-Resident Regulatory Details Form. Please contact your local branch. Your personal details Second applicants personal details Date of birth Home telephone Daytime telephone Childs details Surname First name(s) Address (if different from above) Postcode Telephone number (if different from above) Date of birth
Interest Interest will be paid monthly into the Future Saver for Children account Gross Interest
We will pay you interest after deduction of tax at the lower rate of income tax. Account holders (or beneficial owners) who are resident and ordinarily resident in the UK may receive interest gross, that is without deduction of tax, if they are eligible and an HSBC (substitute) form R85 can be completed, signed by the account holder (or by a parent or legal guardian if the beneficial owner is under 16) and returned to us. If all persons for whose benefit the account is held are not ordinarily resident in the UK, they may receive their interest gross if they are eligible and an HSBC (substitute) form R105 can be completed, signed and returned to us. Any interest paid before we are able to process an R105 must be paid after deduction of tax at the applicable rate.

D D M M Y Y Y Y

Date of birth Home telephone Daytime telephone

D D M M Y Y Y Y

D D M M Y Y Y Y

Standing order instruction

To: HSBC Bank plc

branch
(your branch will complete the number when opening your new account)

Until further notice please transfer to my/our account: Account no. The sum of Please debit my/our bank account: Account name(s)

Sort code

on the

day of each month. Starting Account no.

M M month Y Y Y Y year

Signed Date

Signed

D D M M Y Y Y Y Date

D D M M Y Y Y Y

Registered in England number 14259. Registered Office: 8 Canada Square, London E14 5HQ

Personal data
Your information We, us and our refer to HSBC Bank plc and HSBC Group means HSBC Holdings plc, its subsidiaries, associated and affiliated companies. Credit Reference Agencies We may share information with credit reference agencies (CRAs) to verify your identity and suitability for an account, using information from the Electoral Register and other public sources. Crime Prevention and Debt Recovery To prevent crime, to verify your identity and to recover debt, we may exchange information (both within the UK and, where appropriate, overseas) with other members of the HSBC Group, and, where appropriate, fraud prevention and debt recovery agencies and other organisations including other lenders. If you give us false or inaccurate information and fraud is identified, details will be passed to fraud prevention agencies to prevent fraud and money laundering. Data Sharing The HSBC Group may record, exchange, analyse and use relevant information about you and your relationships with the HSBC Group (including the nature of your transactions) for credit assessment, customer service, market research, insurance and administrative purposes. This may include information provided by you, or someone acting on your behalf. Relevant information may also be exchanged with members of the HSBC Group and others, for audit purposes and if required by appropriate governmental and non-governmental regulators or ombudsmen. We may use other HSBC Group companies and/or third parties to process information and provide services on our behalf. Whether it is processed in the UK or overseas, your information will be protected, in accordance with data protection legislation, by a strict code of secrecy and security which all members of the HSBC Group, their staff and any third parties are subject to and will only be used in accordance with our instructions. Miscellaneous Further details explaining how information held by CRAs and fraud prevention agencies may be used is set out in a leaflet entitled Credit Scoring, Credit Reference and Fraud Prevention Agencies available on request from any of our branches, our website (www.hsbc.co.uk) or telephone 0800 587 7008.

Declaration
Information about Products, Services and Promotions If you agree, the HSBC Group may use and share relevant information about you, your transactions and your relationships with the HSBC Group, to give you information about products, services (including mortgages) and promotions available from HSBC Group companies and those of selected third parties which may interest you by post, telephone, electronic and other means. The HSBC Group may also exchange, analyse and use relevant information about you in the way described above to ensure that promotional content displayed to you on screen when you log on to HSBC Group websites is more likely to be relevant and of interest. If you do not want us to contact you about such products and services or use what we know about you to help decide what we display to you on our websites, please let us know. By completing this application you will be consenting to the use of your information for this unless you tick the appropriate box(es) below to indicate that you do not wish to receive such information; No post No telephone No email No mobile messaging (eg, SMS)

By signing this application, you agree that we can use your information in the way set out above and in our terms and conditions. I/We request you to open a Future Saver for Children account in my/our name(s). I/We agree that my/our account will be subject to the relevant provisions in your Savings Accounts and General Terms and Conditions, a copy of which I have received. I/We confirm I/We have received a copy of the Future Saver for Children Brochure. I/We confirm that the information given is accurate and true to the best of my/our knowledge. Second applicants signature Your signature

D D M M Y Y Y Y Date Date When you have filled out this form, please take it to your local branch.

D D M M Y Y Y Y

hsbc.co.uk
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