HSBC Foreign Currency Current Account

The account that offers you more choices and convenience.
  • Wide range of major currencies
  • Free cheque book for USD current account only
  • Easy-to-read monthly statements

How HSBC Foreign Currency Current Account can help you

A foreign currency current account with HSBC is a convenient way of handling your finances. All this with the added convenience of an ATM card, telephone banking and internet banking services.

Foreign currency current account fees
Currency Minimum average daily balance (in respective currencies) Monthly fee if minimum average balance is not met
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
¥1,000
Euro €800
€10
New Zealand dollar NZ$3,000 NZ$15
  • Closure fee of US$50 or its equivalent if account closed within 6 months from opening date

Apply for HSBC Foreign Currency Current Account

Contact us

Leave us your contact details and our Wealth Manager will be in touch with you within 3 working days.

 

You can also call your Relationship Manager directly, or contact us through our telephone banking hotline at: 

1800 - HSBC NOW (4722 669)

If you are overseas, please call (65) 6-HSBC-NOW (4722 669)

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Important Notes

As part of our continuous review of our product offerings, cheque books for our Foreign Currency Current accounts (other than USD) will not be available from 15 July 2013 for new accounts. Existing account holders (other than USD current account holders) have been notified that such cheque books will not be available from 1st August 2013.

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.

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 Everyday Global 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 Everyday Global 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.

Renminbi is not a freely convertible currency and is subject to changes in regulations initiated by mainland 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 renminbi Time Deposit Account, please also refer to Terms and Conditions Governing renminbi Deposit Accounts.