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Foreign Currency Savings Account
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.
Important notes
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
