HSBC Foreign Currency Current Account is ideal for customers who want to handle their finances in the best possible manner.
Features and Benefits of HSBC Foreign Currency Current Account:
- With HSBC Foreign Currency Current Account, you can remit funds easily in and out of Singapore.
- This account offers a wide range of currencies.
- It offers free cheque book for USD current account.
- The monthly statements of this account can be read easily.
- You can access your HSBC Foreign Currency Current Account easily via Phone Banking, Internet Banking, etc.
Eligibility of HSBC Foreign Currency Current Account:
- Residents or non-residents who are at least 18 years old can apply for HSBC Foreign Currency Current Account.
- This minimum initial deposit required for opening this account is US$5,000 or an equivalent amount.
Fees and Charges of HSBC Foreign Currency Current Account:
|Currency||Average daily balance (Minimum)||Minimum balance fee|
|Hong Kong dollar||HK$7,000||HK$100|
|New Zealand dollar||NZ$3,000||NZ$15|
- In case of HSBC Offshore Banking, if the Total Relationship Balance of the customers is less than S$75,000, then they have to pay a minimum balance fee worth S$30 every month in addition to the service charge (applicable to Singapore non-residents).
- If customers close their account within a period of 6 months from the date of opening, then they will have to pay a closure fee of US$50.
Disclaimer - The rates/fees and charges can be changed at the discretion of the bank.
Documents Required for HSBC Foreign Currency Current Account:
- Passport or identity card.
- Address Proof - Singapore Citizens and Permanent residents have to give proof of their permanent address in Singapore during the application process. Foreigners have to provide proof of either their permanent address in Singapore or their residential address abroad. Customers can submit one of the following documents (in English) as address proof:
- Telephone (landline), utility or tax bills.
- Letters that have been issued by the government or various public bodies.
- Singapore work permit or employment pass that has the residential address mentioned on it.
- Credit Card or bank statements.
- Rental agreement that has the address of the applicants. The applicant has to be one of the parties of the contract.
- Passport, ID card or driving license that has the applicant’s photo and address mentioned on it. It can be the address of the applicant’s home country.
- Correspondence availed from the employer of the applicant which has his/her residential address mentioned on it.
How to Apply?
To apply for HSBC Foreign Currency Current Account, applicants should either contact the bank by phone or book an appointment online.