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HSBC Flexi Account

Consolidating your accounts for total financial control

What's new

Please note that with effect from 1 April 2011, PowerVantage Account will be renamed as HSBC Flexi Account.
ePowerVantage Account will be renamed as HSBC eFlexi Account.

Benefits and features

  • A packaged account for total financial control
  • Higher deposit rates
  • Ready cash worldwide
  • A consolidated monthly statement

 

Whatever lifestyle you lead, HSBC Flexi account is an ideal all-in-one account for you to manage your finances. It combines the feature of a savings account that earns you higher interest and a current account that enables you to write cheques to pay your bills at your convenience.

What's more, it offers you the benefits of ready cash access worldwide through HSBC's global ATM network with optional facilities like the personal line of credit and credit cards.

That's not all. With a consolidated bank statement, it's a simple way to manage your portfolio and view all your transactions at a glance!

Find Out More

Eligibility

  • Individuals (residents/non-residents) aged 18 and above
  • Minimum initial deposit of S$2,000

Fees

  • Monthly service charge of S$2
  • Minimum balance fee of S$10 if average daily balance falls below S$5,000
  • Closure fee of S$50 if account closed within 6 months from opening date

Required documents

Act now

 

 

Important notes

Under the provisions of the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011 (the “Act”), Singapore dollar denominated deposits with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”) held by a non-bank depositor (“Insured Depositor”) will be insured by the Singapore Deposit Insurance Corporation Limited or such other company as may be designated as the deposit insurance and policy owners’ protection agency for the purposes of the Act (the “Agency”), for up to S$50,000 per Insured Depositor, or such other limit as may be specified in the Act.

In addition, Singapore dollar denominated deposits:
(i) with HSBC which are held by an Insured Depositor, as trustee under a trust account, or held on trust in a client account, will be insured by the Agency for up to S$50,000 per account, or such other limit as may be specified in the Act; and
(ii) placed with HSBC by an Insured Depositor under the Central Provident Fund Investment Scheme and/or the Central Provident Fund Minimum Sum Scheme will be insured for up to S$50,000 per Insured Depositor, or such other limit as may be specified in the Act.

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 April 2010, your liability prior to debit card loss reporting will be capped at S$100 provided that you have not acted fraudulently, negligently or failed to report the card loss immediately. Click here for more details.