HSBC Everyday Global Account (Personal Banking)
HSBC Everyday Global Account (Personal Banking)
- 0.05%
- Min. Annual Interest
- Up to 3.70%
- Max. Annual Interest
- S$2,000
- Min. Initial Deposit
Get up to 4,070 SmartPoints or up to S$288 eCapita Vouchers when you apply, deposit a min. of S$100,000 of fresh funds and maintain for 3 months (or S$70,000 for lower tier), register for PayNow with your account, make 7 purchases on the debit card and complete the Risk Profiling Questionnaire! Note: Marketing consent and successful login to HSBC SG App required. T&Cs apply.
Plus, invest your fresh funds to receive S$750 cash for every $50,000 in Unit Trust (capped at S$15,000 cash rewards) whilst qualifying for 5.75% 2-month Time Deposits rate (capped at your investment amount). SMS INVEST50<Space>MS<Space>Full Name to 74722. A HSBC Personal Wealth Manager will be in touch to assist you. T&Cs apply. Find out how.
Are you eligible?
Valid for new HSBC Everyday Global (Personal Banking) customers only.
Tier 1: Deposit a min. Incremental Fresh Funds of SGD70,000* or foreign currency equivalent
Tier 2: Deposit a min Incremental Fresh Funds of SGD100,000* or foreign currency equivalent
Opt in to receive marketing communications from HSBC and its group companies, as well as their respective agents, authorized service providers and relevant third parties.
Activate your debit card and complete 7 purchases (no card spend exclusions)
Complete Risk Profiling Questionnaire.
Download and log in to HSBC Singapore app within 3 calendar months after account opening month
What you need to know
Log into your MoneySmart account and submit your claim by 31st March 2025.
Tier 1: Place a Minimum Incremental Fresh Funds of SGD70,000
Gift: S$188 eCapita Vouchers or 2,320 SmartPointsTier 2: Place a Minimum Incremental Fresh Funds of SGD100,000
Gift: S$288 eCapita Vouchers or 4,070 SmartPointsMinimum Incremental Fresh Funds must be maintained for at least 3 calendar months after account opening month
Use your SmartPoints to fully redeem a product from our Rewards Store. If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints. Enjoy flexible redemption and get the rewards you want!
SmartPoints will be credited into your points wallet, with a validity period of 1 year. You can choose to redeem any reward, or accumulate your points for future redemptions.
The gifts will be fulfilled 6 months after the end of the promotion (31 March 2025)
The Promotion is neither valid in conjunction with other promotions carried out by MoneySmart nor used in conjunction with other promotional programs, offers, discount cards, vouchers, or VIP privileges unless otherwise stated. However, the MoneySmart Exclusive Promotions for HSBC Credit Cards (HSBC TravelOne, HSBC Live+, HSBC Revolution, HSBC Advance) are eligible for this promotion.
All Details
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HSBC Everyday Global Account (Personal Banking) 2024
One of its more renowned savings accounts is the HSBC Everyday Global Account (Personal Banking). Whether you’re traveling, shopping, or sending money overseas, this account meets all your transactional needs in up to 11 different currencies—without the hassle of conversion fees.
To find out if this card is suitable for you, we’ll look at the pros and cons of taking up a HSBC Everyday Global Account (Personal Banking) to help you make a better decision.
Pros & Cons
Pros
- Convenience of fee-free shopping and cash withdrawals in 10 different currencies
- Cashback or other cash credit rewards benefits with HSBC Everyday+ rewards
- Seamless international transfers with HSBC Global Money Transfer
- Links with the HSBC Everyday+ Rewards Programme to, overall between the account and the programme, earn you an extra 1% bonus interest on incremental SGD balances
- 1% cashback on all eligible spends and GIRO bill payments
- Zero overseas cash withdrawal fee at HSBC ATMs worldwide except for countries like Argentina, France, Brazil, Greece, Malta, Mexico, New Zealand, and Turkey
- No foreign transaction fees (applicable up to 11 currencies) for your retail purchase, online shopping, and cash withdrawal
Cons
- At least 5 transactions with an HSBC personal Credit Card or HSBC Everyday Global Debit Card are required each month for at least three calendar months
- Does not stack bonus interest based on the frequency of your spending, saving, borrowing, or investing like other similar savings accounts in the market
Requirements for HSBC Everyday Global Account (Personal Banking)
HSBC Everyday Global Account (Personal Banking) Interest Rates & Fees
Currently, HSBC’s latest promotion offers you up to SGD1,000 in rewards when you bank, spend, and invest with your HSBC Everyday Global Account (Personal Banking) (as per their advertised interest rate last updated on 30 October 2024). However, the actual interest rate you’re entitled to really depends on the placement amount you have, the term (1 month, 3 months, 6 months, etc.) and whether it’s Singapore Dollars Deposit Rate or Foreign Currency Deposit Rate. There are also other fees which you have to note before signin up for this account. Let’s take a look at what fees you may or may not have to pay if you open a HSBC Everyday Global Account (Personal Banking).
No overseas cash withdrawal fee
One of the best things about the HSBC Everyday Global Account (Personal Banking) is that you don’t need to pay any overseas cash withdrawal fee whenever you withdraw cash from your account from HSBC ATMs worldwide.
No foreign transaction fee
Another benefit of holding an HSBC Everyday Global Account with either an HSBC personal Credit Card or Everyday Global Debit Card is the absence of foreign transaction fees (for 10 currencies) on both in-store and online retail purchases. In case you're unfamiliar with foreign transaction fees, here’s a quick breakdown. These fees typically consist of three parts: a fee from the credit card network, like MasterCard or Visa; another fee from your card issuer, such as HSBC; and a dynamic currency conversion fee, which applies if you choose to pay in SGD instead of the local currency.
Frequently Asked Questions
Am I eligible for a HSBC Everyday Global Account (Personal Banking)?
- You are eligible if you are:
- Singapore Citizen, Permanent Resident, or foreigner with a valid Singapore Employment Pass residing in Singapore
- Aged 12 to 17 (eligible for a joint account with a legal guardian or parent)
- Aged 18 or older (eligible for an individual account)
How do I apply for a HSBC Everyday Global Account (Personal Banking)?
- You may apply using your SingPass if you’re a new customer who is a SingPass holder (via HSBC’s website with MyInfo). Alternatively, you can contact your preferred Relationship Manager, or call HSBC’s banking hotline at 1800 - HSBC NOW (4722 669) and if you’re overseas, call (65) 6-HSBC-NOW (4722 669).