IMMEDIATE RELEASE

HSBC UK awarded ‘Advanced’ Mental Health Accessible rating after improving customer digital support and testing new approaches to debt collection

25 September 2025

• The Money and Mental Health Policy Institute has today awarded HSBC UK an ‘Advanced rating’ through its Mental Health Accessible programme for essential services firms.
• This follows a rigorous assessment by the charity taking into account everything from the design of HSBC UK’s products and services to the accessibility of digital platforms.
• It recognises the practical changes HSBC UK has made to make its services better suited to the needs of customers with mental health problems. Money and Mental Health’s analysis shows that nearly 11m people across the UK are experiencing mental health problems (1).
• These changes include steps by HSBC UK to reduce the frequency of its communications to customers about debts, and to improve digital access to specialist support teams for customers.

HSBC UK’s ‘Advanced’ rating is the second of three levels firms can achieve through the Mental Health Accessible programme (the bank reached the first level in September 2023).

It is based on a holistic review by Money and Mental Health of how supportive and accessible the bank’s services were for customers with mental health problems.

The process was informed by lived experience testing and feedback (from Money and Mental Health’s Research Community of over 5,000 people) to understand what products, services and solutions were helpful and those that could be more closely considered (2). It also involved thorough interviews with relevant teams at HSBC UK to understand internal processes and priorities.

HSBC UK’s ‘Advanced’ accreditation reflects the steps it has taken in recent years to make its products and services more supportive and beneficial for customers with mental health problems. These include:

• Enabling digital access to specialist teams: HSBC UK’s ‘chat with us’ function in the HSBC app has the ability to identify certain vulnerable situations through the words a customer uses, which can result in tailored support, such as referring customers to digital support from its specialist teams.
• Using AI to help specialist staff deepen skills to support customers in financial difficulty: The practice interactions can be AI guided, semi-guided or not guided, and the tool is significantly improving colleague confidence in supporting vulnerable customers in real life situations.
• Testing new approaches to debt collections such as reducing the frequency of communications to some customers about debts: Money and Mental Health’s research suggests that this could result in reduced stress for customers.

Helen Undy, Chief Executive of the Money and Mental Health Policy Institute, said: 

“We’re delighted that HSBC UK has been awarded the ‘Advanced’ Mental Health Accessibility rating after working to further improve the experiences of customers with mental health problems when engaging with its products and services.

“In particular, we’re pleased to see the bank testing new approaches to debt communications which have the potential to decrease stress for customers and deliver financial returns for the bank – banks, building societies and utility firms should take note.

“We’d like to help other banks and utility companies to improve their services and to reduce the many barriers faced by people with mental health problems in accessing and using products.”

Faye Byrne, Head of Supported Banking, HSBC UK, said: 

“Achieving the ‘Advanced’ Mental Health Accessible rating is an important recognition of the steps we’ve taken to make retail banking more inclusive for customers facing financial difficulty or mental health challenges. 

“From improving digital access to specialist teams, to testing new approaches in how we communicate about debt, our focus is on removing barriers that can add stress at difficult times.

“Working with Money and Mental Health has helped us identify where changes matter most, and we will continue building on this progress to better support customers who need it. If you’re a customer and are worried about your finances, please reach out to us. We stand ready to help.”

Money and Mental Health’s Mental Health Accessible programme works with essential services providers, including banks, energy and water providers, to help them support their customers with mental health problems, and in turn play their role in breaking the link between mental health problems and financial difficulty. 

The programme was established after Money and Mental Health’s research found that people with mental health problems face serious difficulties when engaging with essential services (3). 

Overall, 38% of people who have experienced mental health problems find it difficult to deal with essential service problems. This could be for a variety of reasons, such as struggling to understand information they receive from their provider; having difficulty navigating an essential services providers’ website or call centre menu; or communications from essential services providers being a source of stress.

Money and Mental Health is interested in working with other banks, building societies, and essential services firms, to help them make their services more accessible. We do this through reviewing product design, communications, Management Information and governance, to help improve outcomes for customers with mental health problems. This also helps firms to demonstrate they are meeting regulatory requirements, for example under the FCA’s Consumer Duty, and Ofcom and Ofgem requirements for the treatment of vulnerable customers.

ENDS

• For Money and Mental Health media enquiries, please contact Alex Goodfellow, External Affairs Officer at Money and Mental Health, on 07935 216 804 or [email protected]
• For enquiries about HSBC UK, please contact Aurora Bonin, Media Relations, HSBC UK [email protected]