Multi Currency Savings Account

Introducing a single online account that gives you access to 11 currencies

Simply set up a single online account and have 11 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.

* 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.
^{^}Deposits into any renminbi (“rmb”) Deposit Account shall be by way of foreign exchange conversion from non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and a rmb Multi Currency Savings Account opened hereunder. Withdrawals from any rmb Deposit Account shall be by way foreign exchange conversion into non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and a rmb Multi Currency Savings Account opened hereunder. The deposit in your rmb Deposit Account shall be converted from rmb to another freely convertible currency for withdrawal, at the Bank’s prevailing exchange rate.

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.

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.

Renminbi is not a freely convertible currency and is subject to changes in regulations initiated by China and/or the Chinese authorities. There may be a gain or loss when you convert foreign currency. Customers are advised to make their own independent judgment in consideration whether to place the rmb deposit.. For customers who wish to open rmb Multi Currency Savings Account, please also refer to Terms and Conditions Governing renminbi Deposit Accounts.