Made for NRIs seeking a truly global financial partner
Moving to a new country can be a challenge. Whether you're moving for study or work, we can help you settle in more quickly. And no matter how long you're staying, we can keep you connected to home.
Join Premier and enjoy welcome rewards of up to SGD38,800[@premier-welcome-rewards] [@everyday-rewards-programme] [@premier-welcome-rewards-criteria]. Plus, apply for an HSBC Premier Mastercard for up to 88,000* KrisFlyer miles.
You'll also get up to 12.8% p.a. on your time deposit when you purchase an eligible wealth product or insurance policy. T&Cs apply.
Why you might choose Singapore
Thinking of moving to Singapore? You might decide to live, work or study here because:
- It’s close to India
- It offers a great quality of life and world-class healthcare facilities
- It can provide your children with excellent education
- It has well structured immigration requirements
- It already has a large Indian community
Singapore also appeals to many for investments and international banking. This makes it one of the leading financial hubs in Asia and a prime location for offshore wealth management.
Banking solutions favoured by NRIs
Grow your wealth
From India to Singapore and beyond, we help you to keep your wealth growing. You can gain access to our Wealth Specialists for your global needs, from cross-border tax to legal matters (provided by external partners), leverage our full suite of investment and insurance solutions, and more.
Make NRI remittances
Our 2021 Global Indian Pulse report (PDF) shows that 40% of Indians living abroad in Singapore send money back home. These funds could be used to buy property, pay for family expenses or your children's education. So it's vital that you can make transfers in a fast and cost-effective way.
HSBC Global Money Transfers service lets you send money fast and fee-free[@fx-global-transfer-fees] with just a few taps on the HSBC Singapore app. Use it to send money to:
- Over 100 destinations in 60+ currencies (including INR to India)
- Over 200 destinations via SWIFT
- Third-party HSBC accounts instantly[@sg-gvgt-instant-transfers]
Take your international credit history with you
When you apply for an HSBC credit card in Singapore, you can let us use your credit history in India. Simply give us your information and consent so we can understand you better and provide you with a more appropriate credit limit. You can also get a free copy of your credit report.
Remittance notice for Resident Indians
Under the Liberalised Remittance Scheme (LRS), all resident Indians – including minors – can freely remit up to USD250,000 each financial year (April to March). This applies to remittances from India to any permissible current or capital account, or a mix of both.
This can be done for reasons that include:
- A child's education
- Opening a foreign currency account abroad
- Buying property overseas
- Making foreign investments
- Maintaining close relatives
Digital wealth solutions
Our wealth platforms are available through HSBC Online Banking and the HSBC Singapore app. So you can manage your investments easily whenever you want, wherever you are, through the Wealth Dashboard.
If you need more advanced wealth solutions and expertise, you can get in touch with our specialists. They'll discuss your wealth, legacy and retirement planning or other needs.
Open each accordion to learn more about each of our digital wealth solutions.
Getting more out of life for NRIs
Let us help you stay connected, even when you're away. Open each accordion to find out more about the different ways we can make home feel a little closer.
Beyond banking for NRIs
There's more to life than just banking. Let us help take one thing off your mind with our beyond banking services, so you can go back to exploring Singapore.
Some of the services we can offer include:
- Tax and legal consultations and will writing services provided by our external partners
- Complimentary prepaid SIM cards and airport pick-up service once you've landed in Singapore
- Support for your children's education through overseas education consultations provided by our external partners
- Healthcare services from medical experts for you and your family
For more details, please visit our 'Moving to Singapore' page.
Start your journey with HSBC Singapore
An account that gives you more to take your life to the next level.
To qualify you must keep a minimum total relationship balance (TRB) of SGD200,000 (or its equivalent in foreign currencies).
Save big with up to 2.80% p.a. on your incremental fresh funds.
To apply you must be a Singapore resident with a minimum average daily balance of SGD2,000 (or its equivalent) in either single or combined currencies.
Looking for international services
Open an overseas account online
To start, simply tell us your current location and where you want to open an overseas account. We'll walk you through the steps.
Leave us your details instead
Or if you prefer, you can give us your contact details and we'll call you back to discuss what your next steps are.
Additional information
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 in aggregate per depositor per scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.