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Singapore Dollar Current Account

A convenient way to manage your payments

Benefits and features

  • Free cheque book
  • Personalised debit card, PhoneBanking and Internet Banking services

 

Our Singapore dollar current account takes the hassle out of managing your daily finances. Making payments has never been simpler or more convenient. With an HSBC Current Account, you'd achieve effective management of your monthly bills! With the debit card, PhoneBanking and Internet Banking services, you can access your account and a wide range of banking transactions, 24 hours a day, 7 days a week.

Eligibility

  • Individuals (residents/non-residents) aged 21 and above
  • Minimum initial deposit of S$500

Fees

  • Minimum balance fee of S$5 if average daily balance falls below S$3,000
  • Closure fee of S$50 if account closed within 6 months from opening date.

Required documents

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Important notes

Under the provisions of the Deposit Insurance Act 2005 (the "Act"), Singapore dollar denominated deposits with HSBC held by individual depositors will be insured by the Singapore Deposit Insurance Corporation Limited for up to the limit specified in the Act. For more information, click here.

On 16 October 2008, it was announced that the Singapore Government will offer protection under a guarantee of up to S$150 billion for all Singapore dollar and foreign currency deposits of individuals and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore. This guarantee will remain in place until 31 December 2010. Media reports have stated that the Singapore Government guarantee does not cover structured deposits and pledged deposits. Accordingly, dual currency investments, structured deposits and deposits which are pledged, charged or secured as collateral are not covered by this guarantee.

With effect from 1 Jul 2009, an administrative fee of 1.5% of the foreign currency transaction amount will be debited from your account when a transaction in foreign currency is made on your debit or ATM card.