HSBC Foreign Currency Current Account
Wide range of major currencies
Free cheque book for USD current account only
Easy-to-read monthly statements
How HSBC Foreign Currency Current Account can help you
A foreign currency current account with HSBC is a convenient way of handling your finances. All this with the added convenience of an ATM card, telephone banking and internet banking services.
|Currency||Minimum average daily balance (in respective currencies)||Monthly fee if minimum average balance is not met|
|Hong Kong dollar||HK$7,000||HK$100|
|New Zealand dollar||NZ$3,000||NZ$15|
- Closure fee of US$50 or its equivalent if account closed within 6 months from opening date
Apply for HSBC Foreign Currency Current Account
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Things you should know
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
As part of our continuous review of our product offerings, cheque books for our Foreign Currency Current accounts (other than USD) will not be available from 15 July 2013 for new accounts. Existing account holders (other than USD current account holders) have been notified that such cheque books will not be available from 1st August 2013.
With effect from 1 Jul 2009, an administrative fee of 1.5% of the foreign currency transaction amount will be debited from your account when a transaction in foreign currency is made on your debit or ATM card.
Deposits into any renminbi (“rmb”) Deposit Account shall be by way of foreign exchange conversion from non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and a rmb Everyday Global Account opened hereunder. Withdrawals from any rmb Deposit Account shall be by way foreign exchange conversion into non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and a rmb Everyday Global Account opened hereunder. The deposit in your rmb Deposit Account shall be converted from rmb to another freely convertible currency for withdrawal, at the Bank’s prevailing exchange rate.
Renminbi is not a freely convertible currency and is subject to changes in regulations initiated by China and/or the Chinese authorities. There may be a gain or loss when you convert foreign currency. Customers are advised to make their own independent judgment in consideration whether to place the rmb deposit. For customers who wish to open renminbi Time Deposit Account, please also refer to Terms and Conditions Governing renminbi Deposit Accounts.