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Foreign Currency Current Account
Benefits and features
- Wide range of major currencies
- Free cheque book
- Easy-to-read monthly statements
A foreign currency current account with HSBC is a convenient way of handling your finances. As there are no restrictions on exchange controls in Singapore, your funds can easily be remitted in and out of the country. We will also provide you with a cheque book in the currency of your choice. All these with the added convenience of an ATM card, PhoneBanking and Internet Banking services.
Eligibility
- Individuals (residents/non-residents) aged 21 and above
- Minimum initial deposit of US$5,000 or its equivalent
Fees
| Currency | Minimum average daily balance (in respective currencies) |
Minimum balance fee |
| US dollar | US$800 | US$10 |
| Pound sterling | £800 | £10 |
| Australian dollar | A$800 | A$10 |
| Hong Kong dollar | HK$7,000 | HK$100 |
| Japanese yen | ¥100,000 | ¥1000 |
| Euro | €800 | €10 |
| New Zealand dollar | NZ$3,000 | NZ$15 |
- Closure fee of US$50 or its equivalent if account closed within 6 months from opening date
Required documents
- Identity Card/Passport
- Proof of Address
Act now
- Phone: 1800-HSBC NOW (4722 669) in Singapore
- Make an appointment with us today
Important notes
Premature withdrawal of any Time Deposit is subject to the Terms and Conditions Governing Personal Deposit Accounts. Effective 1 September 2011, premature withdrawal charges will be imposed on premature withdrawal of Time Deposits prior to maturity. For all premature withdrawal of Time Deposits, interest payments (if any) will be calculated at the Bank's discretion. Customers should note that they may receive an amount less than the original Time Deposit placement amount upon premature withdrawal for their Foreign Currency Time Deposits. Currently, for Singapore Dollar Time Deposits, customers will receive not less than their original placement amount upon premature withdrawal.
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.
Deposits into any renminbi (“rmb”) Deposit Account shall be by way of foreign exchange conversion from non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and a rmb Multi Currency Savings Account opened hereunder. Withdrawals from any rmb Deposit Account shall be by way foreign exchange conversion into non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and a rmb Multi Currency Savings Account opened hereunder. The deposit in your rmb Deposit Account shall be converted from rmb to another freely convertible currency for withdrawal, at the Bank’s prevailing exchange rate.
Renminbi is not a freely convertible currency and is subject to changes in regulations initiated by China and/or the Chinese authorities. There may be a gain or loss when you convert foreign currency. Customers are advised to make their own independent judgment in consideration whether to place the rmb deposit. For customers who wish to open renminbi Time Deposit Account, please also refer to Terms and Conditions Governing renminbi Deposit Accounts
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
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