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HSBC Premier Privileges
Deposit Accounts   Related Links
 
Charge
Minimum Account Balance Fee Waived
Minimum Account Service Fee Waived
Premier service fee S$50 per month (charged only if Total Relationship Balance* falls below S$200,000. Total Relationship Balance includes deposits, investments and/or insurance.)
Unauthorised O/D interest Prime + 5% (min. debit interest S$5)
* For more information, please click here.
Premier account may be converted to PowerVantange accounts, at the Bank's discretion. Early account closure fee of S$50 to apply for HSBC Premier account / Premier Lite Savings Account closed within 6 months from account opening.
 
Singapore Dollar Deposit Rates
Foreign Currency Deposit and Exchange Rates
PFS Tariffs 2009 printable version
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Foreign currency
 
Charge
Purchase/ collection of foreign currency cheque for value of:
- S$50 and above

0.0625% commission (min S$10, max S$50) plus postage of S$3
Drawee bank charge will be deducted from cheque proceeds and courier charges (if any)
Cash deposits/ withdrawals (for foreign currency notes deposited/ withdrawn in the same currency of account) 0.5% commission in lieu of foreign exchange (min S$5, max S$100)
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Safe deposit box
Rental fee (excluding GST)
Size Annual Rental Fees
Small
(3” x 5” x 22”), (4” x 5” x 20”), (4” x 5” x 22”), (4” x 8” x 20”),
(5” x 5” x 20”), (5” x 5” x 22”)
S$150
Medium
(5” x 10” x 20”), (5” x 10” x 22”), (8” x 8” x 20”)
S$225
Large
(10” x 10” x 20”), (10” x 10” x 22”), (10” x 10” x 24”),
(8” x 16” x 20”)
S$300
Extra-Large
(16” x 16” x 20”)
S$400
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International services
 
Charge
Cross border HSBC account opening services Waived for Premier customers and their children’s student accounts
Emergency encashment at HSBC branches in Singapore (applicable to overseas customers only) Waived
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Other privileges
 
Charge
Cheque book delivery by registered mail/ courier (Upon request) Waived
Service fee for cash withdrawals at overseas HSBC ATMs using the HSBC Premier debit/ ATM card Waived
Foreign maid security bond application fee (with insurance package) Waived
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Demand draft
 
Charge
Debited from a Singapore dollar account 0.0625% commission (min S$10, max S$150) plus cost of cable if any
Debited from a foreign currency in the same currency 0.0625% commission (min S$10, max S$150) plus 0.0625% commission in lieu of foreign exchange (min S$10, max S$150) plus S$20 agent charge, cost of cable and postage if any
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Cashier's order
 
Charge
Same day collection
• Singapore dollar
  - Service charge
  - Replacement of Cashier's Order

• US dollar
  - Service charge
  - Replacement of Cashier's Order

Time deposit withdrawal
  - Issue to self




  - Issue to 3rd party

Next day collection
• Singapore dollar
  - Service charge
  - Replacement of Cashier's order

• US dollar
  - Service charge
  - Replacement of Cashier's order

Time deposit withdrawal
• Issue to self


• Issue to 3rd party


S$5*
S$20 plus stop payment charges of S$30


US$20 (or equivalent)
US$40 plus stop payment charges of US$30

No charge for Singapore dollar Cashier's Order.
Service charge of S$20 for US dollar cashier's order

Service charge of S$5/US$20



S$5
S$20 plus stop payment charges of S$30


US$20
US$40 plus stop payment charges of US$30

No charge for Singapore dollar cashier's order. (Service charge of US$20 still applies for US dollar cashier's order)
Service charge of S$5/US$20

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Inward payments
 
Charge
Remittances in other currencies
For payment in the form of foreign notes in the same currency of remittance

- Up to S$10,000



- Above S$10,000




S$20 commission plus 0.5% commission in lieu of foreign exchange (min S$10, max S$100)

S$50 commission plus 0.5% commission in lieu of foreign exchange (min S$10, max S$100)
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Outward payments
 Non-US dollar Telegraphic Transfers
Customer instruction Commission Commission in lieu of foreign exchange Cost of cable
Debited from a Singapore dollar account 0.0625% off standard rates (min. S$10, max S$100) N.A. min S$20, max S$40
Debited from a foreign currency account in the same currency 0.0625% off standard rates (min. S$10, max S$100) 0.0625% of standard rates (min. S$10, max S$150) min S$20, max S$40
TT to self-named HSBC accounts worldwide N.A. N.A. min S$20, max S$40
Online transfer to self-named HSBC accounts worldwide N.A. N.A. N.A.

 US dollar Telegraphic Transfers (in addition to the commission and CILE)
Charge options Cost of cable @ S$20 Commission
(Bene Deduct @ US$25)
Corresponding Bank Charges
Charges paid by Remitter (OUR)
1. Remitted amount subjected to corresponding Banks charge
Pay by Remitter N.A. Pay by Remitter (Corresponding Banks charge if any)
OUR
2. Online transfer to self-named HSBC accounts worldwide
Waived Waived Waived
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Travellers' cheques
 
Charge
Purchase of travellers' cheques
- Debited from Singapore dollar account

- Debited from a foreign currency account in the same currency of travellers’ cheques purchased

Commission waived#

0.125% commission in lieu of foreign exchange (min S$10, max S$150). Commission waived#
Encashment (commission will be waived for cheques issued by HSBC Group)
- In Singapore dollars

- In foreign currency notes


Postage S$3. Commission waived#

1% commission in lieu of foreign exchange (min S$20) plus postage S$3. Commission waived#
For credit to account
- S$50 and above

0.0625% commission (min. S$5, max S$100) plus postage of S$3
# Waived for visiting Premier customers for encashment in Singapore.
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HSBC Offshore Banking
Minimum Account Balance Fee Waived+
Monthly Account Service Fee Waived+
Offshore Banking Service Fee S$30 per month (charged only if Total Relationship Balance falls below S$75,000. Total Relationship Balance includes deposits, investments and/or insurance)
All fees stated are subject to prevailing GST.
+ Refer to Deposits for the various deposit accounts' minimum account balance and monthly
account service fee.
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