PowerVantage Account

Consolidating your accounts for total financial control

Benefits and features

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

Whatever lifestyle you lead, PowerVantage 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!

Eligibility

Individuals (residents/non-residents) aged 21 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

Identity Card/Passport
Proof of Address

Act now

Phone: 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
Make an appointment with us today

Terms and conditions governing personal deposit accounts apply

Important notes

Under the provisions of the Deposit Insurance Act 2005 (the "Act"), 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.