HSBC's Bank Tariffs

Personal Financial Services bank tariffs 2009  
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Deposits
Singapore Dollar Savings Account   Related Links
Minimum initial deposit   Statement savings account - S$1,000
Premier Lite savings account/
KidzSaver savings account - S$1
Minimum account balance fee   Statement savings account
S$5 if the average daily balance for the month falls below S$2,000 (waived for Basic banking account).

This fee is waived if you qualify for Basic banking account (only applicable to Singapore citizens or permanent residents earning a monthly income below S$2,000) and are a recipient of the MCYS Public assistance scheme or Special grant scheme.

KidzSaver savings account
The minimum account balance fee of S$5 is waived for all KidzSaver account holders

Passbook savings account (existing only)
S$5 if the average daily balance for the month falls below S$2,000
Account closure fee
Account closed within 6 months from the opening date		   S$50
Replacement of ATM/ Debit card   S$5
Replacement of Passbook   S$50
 
Singapore Dollar Deposit Rates
Foreign Currency Deposit and Exchange Rates
PFS Tariffs 2010 printable version
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Singapore Dollar Current Account
Minimum initial deposit   S$2,000
Minimum account balance fee   S$7.50 if the average daily balance for the month falls below S$3,000
Account closure fee
Account closed within 6 months from the opening date		   S$50
Unauthorised O/D interest   Prime + 5% (min. debit interest S$10)
Stop cheque payment
- at branches
- through Personal Internet Banking/ Phone Banking (automated)		  
S$30 per cheque
S$15 per cheque
Returned cheque due to lack of funds for:
- 1st and 2nd occasions
- 3rd occasions and thereafter

Returned cheque due to technical reasons 		 

S$50
S$100

S$30
Replacement of ATM/ Debit card   S$5
Replacement of Passbook   S$50
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Multi Currency Savings Account
Minimum initial deposit   S$2,000 or equivalent
Minimum account balance fee   S$2 if the average daily balance falls below S$2,000
Account closure fee
Account closed within 6 months from opening date		   S$50
 
Commission in lieu of foreign exchange
For cash deposit/ withdrawal made in the same currency as account		   1.5% handling commission (min. S$50, max S$300)
Transaction fees   $5 per branch transaction (waived if transaction performed through internet banking)
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PowerVantage
Minimum initial deposit   PowerVantage account - S$2,000
ePowerVantage account - S$500
Minimum account balance fee

 PowerVantage account
S$10 if the average daily balance for the month falls below S$5,000

ePowerVantage account
S$7.50 if the average daily balance for the month falls below S$2,000
 
Monthly account service fee   S$2
Account closure fee
Account closed within 6 months from the opening date		   S$50
Unauthorised O/D interest   Prime + 5% (min. debit interest S$10)
Stop cheque payment
- at branches
- through Personal Internet Banking/ Phone Banking (automated)		  
S$30 per cheque
S$15 per cheque
Returned cheque due to lack of funds for:
- 1st and 2nd occasions
- 3rd occasions and thereafter

Returned cheque due to technical reasons 		 

S$50
S$100

S$30
Replacement of ATM/ Debit card   S$5
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Foreign Currency Savings Account
Minimum initial deposit   US$5,000 or equivalent
Minimum balance fee
The respective minimum balance service charge will be levied where the average daily balance for the month is less than the required minimum sum stipulated for the respective account.
Currency Average daily balance Minimum balance fee
US dollar US$800 US$10
Sterling pound £800 £10
Australian dollar A$800 A$10
Hong Kong dollar HK$7,000 HK$100
Japanese yen ¥100,000 ¥1,000
Euro €800 €10
Canadian dollar* CA$800 CA$10
New Zealand dollar# NZ$3,000 NZ$15
*Canadian dollar is offered in Savings account only.
#New Zealand dollar is offered in Current account only.
Account closure fee
Account closed within 6 months from the opening date		   US$50 or equivalent
Commission in lieu of foreign exchange
Charged when a cash deposit/ withdrawal is made in the same currency as account		   1.5% handling commission (min. S$50, max S$300)
Replacement of ATM/ Debit card   S$5
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Foreign Currency Current Account
Minimum initial deposit   US$5,000 or equivalent
Minimum balance fee
The respective minimum balance service charge will be levied where the average daily balance for the month is less than the required minimum sum stipulated for the respective account.
Currency Average daily balance Minimum balance fee
US dollar US$800 US$10
Sterling pound £800 £10
Australian dollar A$800 A$10
Hong Kong dollar HK$7,000 HK$100
Japanese yen ¥100,000 ¥1,000
Euro €800 €10
Canadian dollar* CA$800 CA$10
New Zealand dollar# NZ$3,000 NZ$15
*Canadian dollar is offered in Savings account only.
#New Zealand dollar is offered in Current account only.
Account closure fee
Account closed within 6 months from the opening date		   US$50 or equivalent
Commission in lieu of foreign exchange
Charged when a cash deposit/ withdrawal is made in the same currency as account		   1.5% handling commission (min. S$50, max S$300)
Unauthorised O/D interest   Prime + 5% (min. debit interest US$10)
Stop cheque payment
- at branches
- through Personal Internet Banking/ Phone Banking (automated)		  
US$30 or equivalent per cheque
US$15 or equivalent per cheque
Return cheque due to lack of funds for
- 1st and 2nd occasion
- 3rd occasion and thereafter

Returned cheque due to technical reasons		  
US$30 or equivalent
US$50 or equivalent

US$30 or equivalent
Replacement of ATM/ Debit card   S$5
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HSBC Infinity Privileges
• Minimum Account Balance Fee
• Monthly Account Service Fee
• Infinity Service Fee



   Waived*
Waived*
S$10 per month (charged only if Total Relationship Balance falls below S$20,000. Total Relationship Balance includes deposits, investments and/or insurance)
* Please refer to the above for the various deposit accounts minimum accounts' balance fee and monthly account service fee.
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Time Deposit
 Singapore dollar time deposits   Minimum deposit
1 to 12 month(s) deposits   S$5,000
Overnight deposits   S$1 million
 Foreign currency time deposits
Currency Minimum deposit
US dollar US$25,000
Sterling pound £25,000
Australian dollar A$25,000
Hong Kong dollar HK$100,000
Japanese yen ¥10,000,000
Euro €25,000
Canadian dollar CA$25,000
Swiss Franc CHF$25,000
New Zealand dollar NZ$25,000

Interest payment will be calculated at bank's discretion for pre-mature withdrawals.
All fees stated are subject to prevailing GST.
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© Copyright. The Hongkong and Shanghai Banking Corporation Limited 2010