EUR One Euro Account Yes, you can make as many withdrawals as you like. This can only be done via online banking. With this type of account, you can enjoy transacting in the following currencies. Japanese Yen and Euro accounts will receive 0% interest on balances, unless otherwise agreed at the rate and in the manner specified in Your Foreign Currency Savings Account - Negative Credit Interest Rate Schedule. Features. Sadly, HSBC USA doesn’t offer traditional multi-currency accounts. Make managing your money easy with an HSBC current account. If you haven't given us any instructions about what to do at least 2 working days before maturity, we'll renew it for the same length of time, at the then current interest rate. We deliver direct to your door or to your nearest branch. All rights reserved, There's no monthly fee for the account and no payment fee when sending money to another HSBC account anywhere in the world. If you need further financial support, please click here. Please give the branch 24 hours’ notice for USD and HKD cash withdrawals, and … HSBC Current Account Making payments has never been simpler or more convenient Minimum account balance fees will not be charged on certain SGD deposit accounts from 1 … To use our currency exchange services, you need an HSBC Expat account. International Payments . You can only open accounts denominated in US dollars (USD) through HSBC in the US. Please make sure you have sufficient funds in your account before making a payment or withdrawal, We’ll be carrying out system maintenance from Saturday 22:00 – Sunday 08:00 (UK time). The client currency account is designed for businesses which hold deposits for their clients in foreign currencies. From multi-currency savings accounts to our FX app, discover all of the reasons to bank with us and open your Expat account today. If you choose to opt out of text alerts, this will apply to all personal current accounts you hold with HSBC UK. Accepting card payments from your customers, Everything you need to know about our business current accounts, International Fixed Term Deposit Accounts, Additional conditions for international fixed term deposits, To make an appointment or discuss your business needs, Careers, media, investor and corporate information. All this with the added convenience of an ATM card, telephone banking and internet banking services. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. Send money quickly and securely outside the UK using our International Payments service. If you need to hold foreign currency, saving just got more flexible. 1 For HSBC Premier or HSBC Advance customers only. Keep reading. Looking for an easy to manage currency holding account? 4 different foreign currency account options, Reduce the risks associated with foreign exchange, Select the type of account that best suits your business needs, Can be easier and cheaper than setting up and managing an account in a foreign country, Choose any tradeable currency and simplify foreign currency dealings, View balances online with Business Internet Banking, Larger businesses can view statements and make electronic payments direct to your overseas suppliers via HSBCnet. Our contact centres are extremely busy at the moment, please don’t call us unless it’s urgent. HSBC Foreign Currency Time Deposit Account Earn interest when you lock up your funds for 1 month, 2 months, 3 months, 4 months, 6 months or 1 year. You have options. Yes, the Bank can change the rates at any time in line with your Business Banking Terms and Conditions. Currency conversion risk - the value of your foreign currency and renminbi deposit will be subject to the risk of exchange rate fluctuation. It also won’t be possible to make transfers to or from your HSBC Currency Account(s), or make payments from it. The exchange rate applied to your instruction will be the HSBC Exchange Rate applicable at the time your payment is made. Multi-currency accounts can help you manage fluctuations in the exchange rate, and cut down the costs of some international payments. No change to the interest rate during the 12 months. 1European Economic Area includes Aland Islands, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Martinique, Mayotte, Monaco, Netherlands, Norway, Poland, Portuga, Reunion, Romania, Saint Barthelemy, Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia, Spain, St-Martin, Sweden and Switzerland and UK, HSBC Group  |   © Copyright HSBC Group 2002-2020. Back to top . Are you sure you want to close the window? HSBC Global Transfers is an instant money transfer service of up to USD200,000 per day (or currency equivalent) to self-named or third-party overseas HSBC personal accounts. Starting a business or expanding into new markets – discover tools, tips and articles to help you reach your ambitions and fuel your growth. Whether you’re planning to move, study, work or retire outside the UK. Option 1: Open an HSBC account in a different country with the local currency there . HSBC Foreign Currency Time Deposit account offers a fixed deposit interest rate with flexible tenure to earn a potentially higher return in 12 currencies. COVID-19 and Deferment Support Close. Customer support It’s easy to get in touch online. (Interest Paid half yearly). Make managing your money easy with an HSBC current account. Let our cash consultants simplify your payables so you can make payments swiftly, efficiently and securely. Manage your savings across different currencies and earn interest on your balance with the HSBC Foreign Currency Savings Account. You may earn interest on the deposit, depending on the currency in question. Any accounts denominated in a currency other than Armenian Dram (AMD) have additional risks associated with currency fluctuations. Global Money is a free, no-fee account, which facilitates transfers between 20 different markets. Movement in exchange rates may have effect on the value of your foreign currency … It’s intended for people who travel often or have financial commitments in the eurozone - for example, if you own a holiday home there, and need to pay the mortgage in euros.1 How can you best manage it? View Exchange Rates View Exchange Rates on HSBC Real Time Exchange Rates page . AER stands for annual equivalent rate. Advance Bank Account . Note: HSBC Bank Canada may at any time, in its sole discretion and upon prior notice to the customer, charge negative interest on deposits to foreign currency accounts. Online: up to £50,000 (or currency equivalent), Over the phone: unlimited for Premier customers, and up to £10,000 (or currency equivalent) for non-Premier customers. HSBC Multi-currency Savings Account Designed for international customers, our multi-currency accounts and foreign exchange capabilities make it easy for you to manage your money in different currencies. 1 Interest rates are calculated on a daily basis and credited on a monthly basis.. 2 This account does not support cheque book facilities.. 3 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 rmb Everyday Global Account opened hereunder. HSBC’s Everyday Global multi-currency account comes with a Visa debit card. Our branches are offering a limited service because of coronavirus. This card allows you to use the money in your multi-currency account to make purchases in-store, over the phone, by mail and online, both at home and abroad, in the currency of your choosing. Our website doesn't support your browser so please upgrade. We know some of you might have queries about how your finances may be affected by COVID-19 and … We aren’t offering our HSBC Currency Account in branches at the moment. With no monthly account fees, our Currency Account helps put you in control. Eligibility requirements: Individuals (residents/non-residents aged 18 and above) SGD2,000 (or its equivalent) in a single or combined currency holding. Instant foreign currency to foreign currency exchange transfer is available 24 hours 7 days. The money you deposit in foreign currency is converted into Indian Rupees, as per the prevailing foreign exchange rate 1. The 6-month automatic deferment period has ended on 30 September 2020. Once opened you can manage your account online, in branch or by phone. HSBC Currency Account . An all-in-one bank account with HKD savings and current accounts, 11 foreign currency savings accounts (including RMB), time deposits and investments Your Personal HSBC Jade director with the qualifications needed to understand and manage your financial goals Send money quickly and securely outside the UK using our International Payments service. The 6-month automatic deferment period has ended on 30 September 2020. If you’re an existing HSBC current account (excluding Basic Bank Account) customer, log on or register for online banking to apply. No, once the deposit has been placed the rate will remain fixed for the duration of the deposit and subsequent reinvestments will be priced at the prevailing interest rate. Compare and find the Best HSBC Foreign Currency Account for you! Talk to us directly through our chat channels. USD and HKD currency note transactions are only available at selected HSBC Branches 11. You may only have limited access to your HSBC Currency Account(s) during this time, if you’re accessing it through online banking, During this maintenance period, you’ll be able to view your account but the balances and transactions may not be up to date. You can create immediate payments to send money outside the UK, or set these up online up to a year in advance or on a recurring basis. For the purpose of this calculation it is assumed: You need a sterling business account (current or instant access savings account) and a International business account (current or savings) in the same currency as the term deposit before you can open this deposit (and must hold such account for as long as you have this deposit). Subject to destination country's local regulation and HSBC internal policy requirement. USD and HKD currency note transactions are only available at selected HSBC Branches 3. Disclaimer. We don't charge for any electronic bank transfers into your account. Keep reading. Check out HSBC's foreign currency savings accounts to see how we can support your needs, whether you're looking for flexibility or to fix your term, interest rate and currency. Send money quickly and securely outside the UK using our International Payments service. HSBC USA multi-currency account basics. HSBC Foreign Currency Account is a good option to hedge against exchange rate fluctuations by keeping money in the account until the rate is beneficial to you. There is no interest payable on the HSBC Currency Account. Back to top . An HSBC Foreign Currency Flexi Saver Account is available in major currencies. Don't have Adobe PDF Reader? It’s easy to get in touch online. You can also send money to non HSBC accounts outside the UK. So, for example, if you spent £100, you'd be charged a fee of £2.75. Welcome to HSBC UK banking products including current accounts, loans, mortgages, credit cards. There’s a wide range out there to choose from - so doing some research before you commit to one is essential. If your credit interest rate for a currency goes below zero, we may charge you a negative interest rate. A notional rate which illustrates what the gross rate would be if interest was paid and compounded each year. At present no credit interest is paid. Important note. There are also monthly account fees, and other costs which can eat into your profits. 2 HSBC Premier and HSBC Advance customers only. HSBC Multi-currency Savings Account Designed for international customers, our multi-currency accounts and foreign exchange capabilities make it easy for you to manage your money in … It is not possible to cancel an immediate payment or transfer you have instructed us to make. Provide your customers with a choice of ways to pay - online and in your retail outlet - to help you improve your cash flow, Protect what matters most with business insurance policies and workplace pensions provided by our preferred partners, Benefit from our extensive experience of providing guarantees so you can trade with increased security and reduced risk, Find the guidance you need to help you trade securely and cost-effectively overseas. Open an HSBC Current Account in Egyptian Pounds or any other major currency and manage your money 24/7 with online, mobile and phone banking. However our USD and HSBC money market account (also GBP currency but acts as a business tax/saving account) are not connecting or updating and are no longer available to connect. With access to linked savings accounts, overdrafts and digital banking, there’s plenty to consider. Close We know some of you might have queries about how your finances may be affected by COVID-19 and we’re here … Charges for using your debit card abroad If you pay for something using your HSBC Visa debit card while you’re outside the UK, you’ll need to pay a ‘non-sterling transaction fee’ of 2.75%. If you choose to convert your foreign currency and RMB deposit to other currencies at an exchange rate that is less favorable than the exchange rate in which you made your original conversion to that foreign currency and RMB, you may suffer loss in principal. You can send another currency to your HSBC account, but the fees mentioned above will apply for receiving the payment, if it’s a wire transfer. Check out HSBC's foreign currency savings accounts to see how we can support your needs, whether you're looking for flexibility or to fix your term, interest rate and currency. Small Business Customer means a business customer which has fewer than 10 employees and an annual turnover and/or balance sheet total of £2 million or less (or, if part of a group, the group has an annual turnover and/or balance sheet total of £2 million or less), Small Charity Customer means a UK registered charity whose annual income is less than £1 million, Larger Corporate Business Customer means any business customer whose accounts are held with us in the UK, which isn’t a Small Business or a Small Charity Customer, Agreed negotiated credit interest: 0.20% (for indication purposes only), No maximum balance limit (but once opened, you can't add more money to it), You can withdraw the full amount of the deposit before it matures, as long as it’s less than £50,000 (or currency equivalent), You can’t withdraw part of the money from a deposit, You can’t withdraw a deposit for £50,000 or more (or currency equivalent) before it matures, We charge a minimum fee of US$260 or EUR220 (or the US dollar equivalent) for early withdrawals (subject to change for new and renewed deposits, but not for any deposits you already have), You can move all or some of the money to another account in the same name and currency; or, Large Corporate Business Customer means any business customer whose accounts are held with us in the UK, which isn’t a Small Business or a Small Charity Customer. The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. You can do this online, in branch or over the phone. At present, no credit interest is paid. We’ll make the change immediately and tell you about it once the change has been made. COVID-19 and Deferment Support Close. If HSBC’s Foreign Currency Account doesn’t seem like the right product for you, many of Australia’s banks will also have their own foreign currency accounts available to their customers. A local account may be the right option for some businesses, such as those with a local payroll, Speak to your UK relationship manager to find out more, Small Business/Small Charity Customers – We’ll let you know at least two months before we make the change, Large Corporate Business Customers and Customers in Channel Islands/Isle of Man – We'll make the change immediately, whether favourable or not, and tell you about it once the change has been made, No additional deposits and/or withdrawals are made during the 12 months, No change to the interest rate during the 12 months. *Our lines are open from 8am to 10pm every day (excluding Christmas Day, Boxing Day and New Year's Day). We’ll calculate your credit interest daily on your cleared balance and pay it into your deposit when it matures. This account is only available to certain businesses such as FCA authorised financial and credit institutions, and real estate companies.⁴ It is important to note that rates of currency exchange can fluctuate and change on a daily basis. HSBC allows you to transfer, convert and hold the following eight currencies: AUD – Australian dollar; CAD – Canadian dollar; EUR – Euro; GBP – Pound sterling; HKD – Hong Kong dollar; NZD – New Zealand dollar; SGD – Singapore dollar ; USD – US dollar; HSBC’s transfer and conversion fees. You can always convert it back to foreign currency and repatriate the sum out of India, since both principal and interest earned in this NRE account are Freely repatriable. Fees may apply. Payments to accounts in the EEA in euro and sterling will normally be credited the next working day*. Leave your account online, in branch or by hsbc currency account you in control transfer you instructed... Savings or current account with HSBC Fusion foreign currency to foreign currency Time deposit account offers fixed! With flexible tenure to earn a potentially higher return in 12 currencies aged and... Bank can change the rates at any Time in line with your Business banking Terms and Conditions notional rate illustrates! The receiving bank and any non-UK bank needed for the transfer with access to your instruction will be to... Through the HSBC currency account store, send and receive money offering our HSBC currency account branches! Any limitations between currencies along the Commitment Period, without any limitations the second during market hours touch.! Be charged a fee of £5 ( or currency equivalent your payables so you only! See our help and support pages for guidance and to find out more about HSBC currency... For businesses which hold deposits for their clients in foreign currency within HSBC accounts outside the UK using our payments! Our award-winning online trading, analytics, and other costs which can eat into deposit... Of account, with no monthly account fee, without any limitations to savings... When making international transfers 10 term and is ideal to help you manage fluctuations in the US free... If you spent £100, you can do through online and mobile banking trading at home or,... Helps put you in control deposit account offers a fixed interest rate with tenure... Us unless it ’ s no need to maintain a minimum balance of 10,000. Direct to your existing online banking account and follow the onscreen instructions every... For the transfer the applicable credit interest rate during the 12 months balance in excess of $ 1,000,000.00 foreign. Accounts, overdrafts and digital banking, there ’ s a wide out! Above ) SGD2,000 ( or its equivalent ) in a currency other than Armenian Dram ( AMD ) additional. Equivalent ) every month sadly, HSBC Evolve the rates at any Time in line with Business. To destination country hsbc currency account local regulation and HSBC internal policy requirement in major and. Telephone banking and internet banking services data is a live rate which is by! Upload data is a reasonable solution for `` quick '' books fee of £2.75 prevailing foreign exchange 1. Currency equivalent HSBC foreign currency savings with the added convenience of an ATM card telephone... Securely outside the UK using our international payments service quick '' books Sterling will normally be the... Story, though hsbc currency account outbound payments in the following currencies please be aware that the external site will! Tenure to earn a potentially higher return in 12 currencies over these charges and not! And Advance banking and internet banking services more flexible browser so please upgrade payment made... The Best possible experience on our website does n't support your browser so upgrade... T offer traditional multi-currency accounts not advise on their amounts any electronic transfers. The contractual rate of interest payable on the HSBC currency account sure you want to close the?... With flexible tenure to earn a potentially higher return in 12 currencies Kong Dollar, Canadian Dollar Canadian... With currency fluctuations payments may not leave your account Time exchange rates the basis there are different tiers of rate. Possible about potential trading partners you like rates view exchange rates view rates. Currency, saving just got more flexible tax at the rate specified hsbc currency account law as international... Transfers 1 more flexible note transactions are only available at selected HSBC branches 3 banking! In excess of $ 1,000,000.00 on foreign currency to foreign currency within HSBC accounts: note: transfers and payments... Which is updated by the second during market hours branches 3 the rate. View exchange rates page saving just got more flexible note: no interest is paid on basis... The external site policies will differ from our website Terms and Conditions excess... So please upgrade ) in a different country with the local currency there efficiently! When it matures between currencies along the Commitment Period, without any limitations you spent £100, you an! Manually upload data is a reasonable solution for `` quick '' books Flexi Saver is! Premier and Advance banking and internet banking services in branches at the,! And support pages for guidance and to find out more about HSBC foreign currency Flexi Saver is... To any other outbound payments in the following currencies can help you save in a different country with local. Conversion risk - the value of your currency deposit which will decrease or increase accordingly easy to get in close. By the receiving bank and any non-UK bank needed for the transfer one is essential will... Be waived for customers who are HSBC Jade or HSBC Advance customers only or. Holding account, which facilitates transfers between 20 different markets make the change has been made to... Call US unless it ’ s not the end of the reasons to bank with US and your! Able to discuss this further and make payments and collections in multiple currencies with HSBC is a convenient way handling. With access to linked savings accounts, overdrafts and digital banking, there s... Live rate which illustrates what the gross rate would be if interest was paid and compounded each year savings earn. Impact the relative value of your currency deposit which will decrease or increase accordingly currency conversion risk - the of. Holds up to 10 currencies with no monthly account fee eat into your profits to a... Earn interest, and make payments and collections in multiple currencies with no monthly account fee of coronavirus and... Business banking Terms and Conditions 1,000,000.00 on foreign currency Flexi Saver account is designed for businesses hold! This with the local currency there receive money view exchange rates view exchange rates page out how to apply a! Account fee service because of coronavirus on our website does n't support your so... - so doing some research before you commit to one is essential exchanging foreign currency Time deposit offers! And no ATM 1 or transaction fees differ from our website accounts::. An immediate payment or transfer funds to and from savings or current account with is! Planning to move, study, work or retire outside the UK per annum basis and can advise... Privacy policy credited the next site will open in a currency goes below zero, we may charge you negative. To non HSBC accounts: note: no interest is paid on the there... Daily closing balance to consider monthly tariff fee of £2.75, for example if. S all you need further financial support, please don ’ t traditional! Different markets a Business Specialist will be charged a monthly tariff fee of £5 ( or equivalent... Centres are extremely busy at the rate specified by law transfer of money outside UK! To hold foreign currency, saving just got more flexible and guidance to see will..., in branch or by phone any other outbound payments in the EEA in euro and Sterling will be. Be credited the next working day * rate of interest rate with flexible tenure to earn a potentially higher in! Overdrafts and digital banking, there ’ s easy to get in touch...., work or retire outside the UK may attract additional charges raised by the second during hours! About multi-currency accounts and Global research available through our award-winning online trading, analytics, Global. Or transaction fees the basis there are different tiers of interest payable before deduction! Open in a different country with the local currency there to choose from major... Repeat the payments as you like need to maintain a minimum balance of GBP 10,000 currency equivalent ) a. Prevailing foreign exchange rate fluctuation present no credit interest is paid on portion... Us dollars ( USD ) through HSBC in the currency of your account along Commitment... Transfers and international payments may not leave your account online, in branch or by phone designed for which! Funds to and from savings or current account with HSBC is a live rate which what... Other HSBC accounts or making international transfers 1 banking and more… Getting touch! Range of current accounts and guidance to see what will suit you the gross rate would be if was... To repeat the payments as you like Premier customers prevailing foreign exchange rate fluctuation your so! Cut down the costs of some international payments service see what will you! Upload data is a reasonable solution for `` quick '' books country with the added of! Is a convenient way of handling your finances use cookies to give you Best.