The benefits of being a Premier customer don’t stop with you. Your children can also take advantage of a wide range of our services, from preferential rates and insurance coverage to accessing emergency money while overseas.
HSBC Head Start
Best rates of interest
HSBC Head Start account holders will receive preferred rates of interest from the time their account opens until they reach 25 years of age, helping your children grow their money more quickly and learn the benefits of saving.
HSBC Premier Recognition Card
Because you never stop worrying about your children, we'll also provide them with a Premier Recognition Card. This is their global safety net, offering access to the same emergency services you would receive abroad.
Start saving any time you like
You can open a Head Start account in your child’s name at any time from birth, and while you will retain oversight of the account until they reach maturity, they can enjoy more flexible access to their money and learn to take responsibility for their savings from an early age.
Free account opening abroad
If your child decides to study abroad, we will open a new bank account and have it ready for them when they arrive – free of charge.
How it works
These accounts are exclusive to children of HSBC Premier Customers. All applications for Head Start accounts are to be instigated by both parents/legal guardians and can only be opened upon parents/legal guardians' instructions. Both parents/legal guardians have to sign at account opening stage.
There is no minimum age but the maximum age is 25 years. Account holders will gain access to additional benefits as they get older, helping them to enjoy greater freedom while encouraging them to manage their money responsibly.
Account features for every age range
- preferred rates of interest
- an annual statement to help them watch their savings grow
- Premier Recognition Card
- parents/legal guardians will have full access to the account
- children can view their account using our online banking services, but they will not be able to make payments or transfers.
10 to 12
- withdraw up to €20 per week from the branch where your account is held
- withdrawals of over €20 will require the signature of a parent or legal guardian
13 to 15
Please note that all of the above benefits are subject to approval from a parent or legal guardian.
16 to 25
- unlimited account access
- unlimited ATM withdrawals and payments from your account
HSBC Premier for the Next Generation
- our best rates of interest
- HSBC Premier Credit Mastercard* plus points-based Rewards Programme
- access to expert financial advice at a time that suits you
- free Travel Insurance
- free Purchase Protection
- free Life cover insurance on your HSBC Premier Credit Mastercard
*Premier Children Terms and conditions apply.
Who can apply?
- if you hold savings or investments with a balance of €70,000 or more in your HSBC Bank Malta p.l.c. accounts
- if you have a minimum net annual salary income of €50,000 if applying as a sole customer or €75,000 if applying as a joint customer with a spouse or partner, credited to an HSBC Bank Malta p.l.c. account
This does not include money transferred from any other sole or joint personal account(s) you may hold with HSBC Bank Malta p.l.c. account
- If you have a new or existing mortgage with HSBC Malta, equivalent to a minimum of €300,000 if applying as a sole customer or €400,000 as a joint customer with a spouse or partner, subject to salary being credited into an HSBC Bank Malta p.l.c. account.
Apply for HSBC Premier Children benefits
To apply for HSBC Premier Head Start, you may download the application form and take it to your nearest branch. Please do not sign the form until you are in the presence of our branch staff.
To extend your Premier benefits to your child through the HSBC Premier for the Next Generation benefit, you may apply through the links below.
If child is a new customer to HSBC
The first step to apply for HSBC Premier for Next Generation benefit is to open a current account.
Apply online to become an HSBC customer.
If child is an existing HSBC customer
Things you should know
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HSBC Premier offers a complete package of services and support tools to help you manage your personal economy.
Premier Credit Card
Available exclusively for existing HSBC Premier customers, this card brings you a world of travel benefits and rewards programme.
Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT 1444). HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC is licensed to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).
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