Foreign Currency Savings Account

The account that offers you more convenience and choice

Benefits and features

Wide range of major currencies
Easy-to-read monthly statements

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.

Eligibility

Individuals (residents/non-residents) aged 16 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
Canadian dollar	CA$800	CA$10

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 or
Make an appointment with us today.

Terms and conditions governing personal deposit accounts apply

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.