A foreign currency savings 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 the convenience of an ATM card, PhoneBanking and Internet Banking services.
|Currency||Minimum average daily balance
(in respective currencies)
|Minimum balance fee|
|Hong Kong dollar||HK$7,000||HK$100|
Foreign currency deposits are not subject to the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme.
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.
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas