HSBC UK has introduced UK shares and exchange-traded funds (ETFs) through its online banking and mobile app, and is offering customers a £50 payment as part of the launch.
The banking giant announced on Monday that customers can now trade UK shares and ETFs through their preferred digital channel, with full control to place, track, review and cancel market or limit orders.
New tools and features
Customers also have access to new tools and features, including investment watchlists, heatmaps and ETF screeners, corporate event notifications linked to portfolio holdings, and richer research and educational resources now available on the app.
HSBC UK confirmed: "To give customers even more value as they start their investment journey, HSBC UK has also launched an offer where customers who open an eligible investment account and deposit a minimum of £500 into it will receive £50. The introduction of shares and ETFs on mobile follows the launch of more than 300 funds last year and a simpler account-opening journey that enables customers to open an investment account via the app in five steps."
Expanding the investment offering
The bank also launched the Wealth Select List last year, curated by expert analysts to simplify fund selection and help demystify investment decisions. HSBC UK customers can now access a suite of new features across digital channels.
These include watchlists to track investments, corporate event notifications, heatmaps and an ETF screener, as well as an improved digital experience with clearer, simpler journeys online and in the app. There are now new investments, covering UK shares and ETFs, traded in British currency, with enhanced search and filtering and "deeper insights".
Emma Tilt, head of digital wealth at HSBC UK, said: "We know there is an investment gap in the UK and we are continuing to expand our offering to help empower our customers to take their first step towards investing.
"The launch of UK shares and ETFs is the next stage on our journey to develop a stand-out digital wealth offering for our customers, building on the wider choice of funds and simpler account-opening journey we introduced last year.
"By bringing more investments, intuitive tools and richer insights together in our app and online banking, we are giving customers greater choice and control over how they invest, wherever they are on their journey."
