FAQs
The Saver Account gives you the flexibility to save in USD, EUR or GBP, while giving you easy access to your savings. Choose from 3 currencies - GBP, USD and EUR. Withdraw money when you need to, with no penalty. Access your account anytime, anywhere with mobile and online banking.
What is the advantage of HSBC Expat account? ›
Your Expat account provides a place for your money to grow in a convenient, central location. It connects to your home account, for financial commitments in your home country, and to your local accounts, for everyday expenses in the country you've moved to.
What is the minimum balance for HSBC Expat bank account? ›
You must keep at least 50,000 pounds (or the equivalent in another currency) in deposits or investments with HSBC Expat within three months of opening your account, or. You have an income of 100,000 pounds (or currency equivalent), or.
Which bank gives 7% interest on savings accounts? ›
Which Bank Gives 7% Interest Rate? Currently, no banks are offering 7% interest on savings accounts, but some do offer a 7% APY on other products. For example, OnPath Federal Credit Union currently offers a 7% APY on average daily checking account balances up to and under $10,000.
Is there a monthly fee for HSBC Expat account? ›
Fees to use the HSBC expat bank account
| Transaction type | HSBC Premier | HSBC Advance |
|---|
| Monthly Fee | None | None |
| Minimum Relationship Balance | £50,000 (or £100,000 annual sole salary) | £15,000 |
| Cash Withdrawal Fee | None | None |
| Underfunding Fee | £35 | £15 |
2 more rowsMay 22, 2023
What are the benefits of opening a bank account abroad?
- convenient and secure payment services.
- no need to close and re-open your account if you move to another country.
- ability to manage foreign exchange in a convenient, simple way.
- getting access to international expertise and investment advice.
Full details of the Scheme and banking groups covered are available on the States of Jersey website www.gov.je/dcswww.gov.je/dcs This link will open in a new window, or on request.Deposits made with HSBC Expat are not protected by the rules made under the UK's Financial Services and Markets Act 2000 for the protection ...
Where is the HSBC Expat account based? ›
Where is HSBC Expat based? Your Expat Bank Account will be held in Jersey, Channel Islands, a secure offshore jurisdictionoffshore jurisdiction This link will open in a new window. Jersey is one of the world's leading and best-regulated international finance centres as recognised by the OECD.
How to transfer money to HSBC Expat account? ›
To receive a payment, you must provide the sending bank with:
- the amount and currency.
- your full name and address.
- your IBAN.
- our correspondent bank details for the currency.
- our account name - HSBC Bank plc Jersey branch.
- our SWIFT address - MIDLJESH.
If you wish to hold your Global Money Account in your local market, you will first need to close your HSBC Expat Global Money Account. To close your account, please give us a call on +44 1534 616313.
Whether you're saving for a wedding, a new car, a once-in-a-lifetime holiday or maybe all 3, you can open as many Flexible Saver accounts as you have reasons to save.
What is the name of the bank for HSBC Expat? ›
HSBC Expat is a division of HSBC Bank plc, Jersey Branch. We are a member of the HSBC Group, one of the world's largest banking and financial services organisations. We provide financial services through around 3,900 offices in 67 countries and regions in Europe, Asia-Pacific, the Americas, the Middle East and Africa.
Where can I get 5% interest on my savings account? ›
Nationally Available High Interest Account Rates from Our Partners
| Account Name | APY (Annual Percentage Yield) Accurate as of 4/26/2024 |
|---|
| EverBank Performance℠ Savings | 5.15% |
| CIT Bank Platinum Savings | 5.05% (with $5,000 minimum balance) |
| Wealthfront Cash Account | 5.00% |
| Barclays Online Savings Account | 4.35% |
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Where can I get 10 percent return on investment?
- Invest in stocks for the short term. ...
- Real estate. ...
- Investing in fine art. ...
- Starting your own business. ...
- Investing in wine. ...
- Peer-to-peer lending. ...
- Invest in REITs. ...
- Invest in gold, silver, and other precious metals.
Banks that offer 7% interest on savings accounts
- Landmark Credit Union Premium Checking (7.50% APY) ...
- Digital Credit Union Primary Savings (6.17% APY) ...
- Popular Direct High-Yield Savings (5.20% APY) ...
- TAB Bank High Yield Savings (5.27% APY) ...
- High-yield savings accounts. ...
- Certificates of deposit (CDs) ...
- Money market accounts (MMAs)
The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money.
What is the difference between savings and current HSBC? ›
What is the difference between a savings account and a current account? A savings account allows you to earn interest on your money, while still being able to access your funds when you need to. A current account allows you to manage your money and write cheques for day-to-day payments.
What is the interest rate for HSBC savings account? ›
Interest Rate for NRE/NRO/Resident Saving Accounts – 2.00% p.a. for balances up to INR10 Cr and 2.50% p.a. for balances of INR10 Cr and above, effective from 13 September 2021.
What is international savings account? ›
An international bank account will allow you to view, manage and transfer money between global accounts, wherever you are. To make things even easier, you may be able to apply for an overseas account online and access multiple currencies ahead of time.
