HSBC’s current account goes ‘green’

Michelle Slade, Analyst at Moneyfacts.co.uk, comments: “This is a great idea. Not only is it simple, non intrusive and free, it looks to address the cause rather than throwing money at a symptom.

“Any new or existing current account customer can choose to switch to a green option. The deal offers customers a variety of discounts on green deals, makes a £5 donation to WWF, Earthwatch and Climate Group when an account is opened before 26 August and converts the account to paper free, meaning there are no statements, chequebooks, paying in books, letters or direct marking.

“The only slight drawback may be that the removal of a cheque book option might be a step too far for some customers. While cheques are certainly on their way out, there may still be occasions when they offer the most convenient form of payment.”