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Multi Currency Savings Account
Introducing a single online account that gives you access to 10 currencies
Simply set up a single online account and have 10 major currencies at your fingertips! With HSBC's Multi Currency Savings Account, you have the choice of managing a single currency or multiple currencies in one single account.
Multi Currency Savings Account - What's new
As part of our ongoing review of products and services, the bank will only offer five key currencies in our Multi Currency Savings Account with effect from 1 May 2010. The five currencies available are Australian dollar, British Pound, Euro, Singapore dollar and US dollar. The other five currencies - Canadian dollar, Hong Kong dollar, Japanese yen, New Zealand dollar and Swiss franc - will no longer be offered under the Multi Currency Savings Account. Customers who wish to have access to these currencies will need to make a request to the bank separately.
Benefits and features
Access to 10 major currencies from one single account
HSBC's Multi Currency Savings Account allows you to carry out transactions in multiple currencies from a single online account, from the comfort of your home. You can access your account and perform transactions 24 hours a day by logging on to online@hsbc*.
The 10 major currencies are: Australian dollar, British Pound, Canadian dollar, Euro, Hong Kong dollar, Japanese yen, Singapore dollar, Swiss franc, US dollar and New Zealand dollar.
As the Multi Currency Savings Account is an online account, all transactions must be made through online@hsbc#.
The interest rates are also tiered, which means that the more you save, the higher the interest rate you'll enjoy.
Low minimum average balance+
All you need is to maintain a combined minimum average balance of S$2,000 (or equivalent) in a single or combined currency holding.
Low initial deposit
Start your account with a low initial deposit of S$2,000 (or equivalent) in a single or combined currency holding. This initial deposit will be waived for customers who have Dual Currency Plus and other investments with HSBC.
Act now
- If you are an existing online@hsbc customer, click here to log on
- Not an online@hsbc customer? Click here to apply today
- Phone: 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
- Make an appointment with us today
* To enjoy the full features of the Multi Currency Savings Account, you are encouraged to sign up for HSBC's Personal Internet Banking.
# ATM card, debit card or checking facilities will not be issued with this account. A flat fee of S$5 will be levied per visit for offline
transactions. This fee will be waived if transactions are performed via Personal Internet Banking and in addition, waived for HSBC Premier customers when they perform transactions through their Relationship Managers.
+ A fall-below fee of S$2 will be levied if the combined minimum balance is not maintained.
Important notes
Under the provisions of the Deposit Insurance Act 2005 (the "Act"), all Singapore dollar denominated deposits with HSBC held by individual depositors or charities will be insured by the Singapore Deposit Insurance Corporation Limited for up to the limit specified in the Act. For more information, click here.
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 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.
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
Highlights
