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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
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.
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
Highlights
