HSBC launches new mobile banking app in UK

HSBC UK has launched a new mobile banking app that allows customers to open a Loyalty Cash ISA account from their mobile devices.

HSBC UK has launched a new mobile banking app that allows customers to open a Loyalty Cash ISA account from their mobile devices.

Following the opening of the Loyalty Cash ISA account, customers will be able to easily apply and transfer money into their ISA account.

The account opening process and funds transfer tasks are completed in just three clicks.

HSBC mobile banking app also rewards customers with a loyalty rate upon paying at least £1 into the ISA each year. Currently, the loyalty rate is in between 1.4% and 1.6% AER.

HSBC UK digital head, Carl Howard, said as the end of the tax year approaches, they are offering customers a quick and easy way to make the most of their savings.

"Our mobile banking customers are now logging onto HSBC mobile apps nearly twenty million times each month, and we continue to update the apps with new features so that they can bank with us whenever and wherever they are," Howard added.

The existing app users of HSBC can avail the new feature through an automatic update.