Sadly, HSBC USA doesn’t offer traditional multi-currency accounts. It is not possible to cancel an immediate payment or transfer you have instructed us to make. Call us today on 03457 60 60 60 to open the account over the telephone. Important note. With this type of account, you can enjoy transacting in the following currencies. Normally, the interest rate paid depends on how much you deposit in your account, however, at the moment, because of market conditions, the rates are the same for some or all balances on all currencies and in some cases are 0%. That’s not the end of the story, though. With live rates updated by the second during market hours, we'll provide you with our most up-to-date foreign exchange rate available when sending money. HSBC USA multi-currency account basics. The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. Movement in exchange rates may have effect on the value of your foreign currency … AER stands for annual equivalent rate. The applicable credit interest rates are as follows: USD View Exchange Rates View Exchange Rates on HSBC Real Time Exchange Rates page . Yes, the Bank can change the rates at any time in line with your Business Banking Terms and Conditions. Starting a business or expanding into new markets – discover tools, tips and articles to help you reach your ambitions and fuel your growth. Take a look at our range of current accounts and guidance to see what will suit you. Keep reading. We don't charge for any electronic bank transfers into your account. HSBC Foreign Currency Time Deposit Account Earn interest when you lock up your funds for 1 month, 2 months, 3 months, 4 months, 6 months or 1 year. The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. Customer support It’s easy to get in touch online. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. Our contact centres are extremely busy at the moment, please don’t call us unless it’s urgent. HSBC Global Transfers is an instant money transfer service of up to USD200,000 per day (or currency equivalent) to self-named or third-party overseas HSBC personal accounts. Make the most of currency movements as they occur when exchanging foreign currency within HSBC accounts or when making international transfers 1. Looking for an easy to manage currency holding account? A euro bank account from HSBC isn’t much different to your regular bank account - except that it operates in euro currency, instead of pounds sterling. HSBC Foreign Currency Account is a good option to hedge against exchange rate fluctuations by keeping money in the account until the rate is beneficial to you. Available in US dollar, euro and around 90 other world currencies, Ability to make electronic payments (low value and high value), Overdraft facility available (subject to agreement), Credit interest paid subject to market conditions, Interest paid either half-yearly or quarterly, Higher rates of interest on your balances, Fixed term to suit your requirements (minimum one week), Fixed rate of interest for the period of deposit, paid on maturity, Minimum balance of $10,000 or currency equivalent required. This can only be done via online banking. If you choose to opt out of text alerts, this will apply to all personal current accounts you hold with HSBC UK. Send money quickly and securely outside the UK using our International Payments service. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. 1 Renminbi Current Account for Hong Kong residents is i) to issue cheques in Hong Kong with any amount and ii) to retailers across Guangdong Province (including Shenzhen) for consumer spending with up to RMB80,000 amount for each cheque and maximum amount of RMB80,000 in total for settlement per day. Current accounts. HSBC’s Everyday Global multi-currency account comes with a Visa debit card. You may only have limited access to your HSBC Currency Account(s) during this time, if you’re accessing it through online banking, During this maintenance period, you’ll be able to view your account but the balances and transactions may not be up to date. Send money quickly and securely outside the UK using our International Payments service. If HSBC’s Foreign Currency Account doesn’t seem like the right product for you, many of Australia’s banks will also have their own foreign currency accounts available to their customers. Foreign Currency Term Deposit . You can find your account details on your welcome letter and on your statement, You can withdraw money from your HSBC Currency Account by transferring money to your HSBC sterling account. To be eligible for an HSBC Foreign Currency Account: Individuals must be aged 18 or older; For under 18s, an account has to be operated by a parent or responsible party; Foreign nationals should produce a letter of reference from their main banks overseas; Apply online for a Foreign Currency Account Simply fill in the form online and someone will be in touch. You’ll need to maintain a minimum balance of GBP 10,000 currency equivalent. A foreign currency current account with HSBC is a convenient way of handling your finances. HSBC Foreign Currency Account is a good option to hedge against exchange rate fluctuations by keeping money in the account until the rate is beneficial to you. COVID-19 and Deferment Support Close. Enjoy fee free next working day delivery on all orders £100 or more. Transfers between your own HSBC accounts: Note: transfers and international payments may not leave your account immediately. This account is set up on the basis there are different tiers of interest rate. Make managing your money easy with an HSBC current account. If you need to hold foreign currency, saving just got more flexible. Advance Bank Account . This initial deposit will be waived for customers who are HSBC Jade or HSBC Premier customers. With no monthly account fees, our Currency Account helps put you in control. 4 different foreign currency account options, Reduce the risks associated with foreign exchange, Select the type of account that best suits your business needs, Can be easier and cheaper than setting up and managing an account in a foreign country, Choose any tradeable currency and simplify foreign currency dealings, View balances online with Business Internet Banking, Larger businesses can view statements and make electronic payments direct to your overseas suppliers via HSBCnet. Small Business Customer means a business customer which has fewer than 10 employees and an annual turnover and/or balance sheet total of £2 million or less (or, if part of a group, the group has an annual turnover and/or balance sheet total of £2 million or less), Small Charity Customer means a UK registered charity whose annual income is less than £1 million, Larger Corporate Business Customer means any business customer whose accounts are held with us in the UK, which isn’t a Small Business or a Small Charity Customer, Agreed negotiated credit interest: 0.20% (for indication purposes only), No maximum balance limit (but once opened, you can't add more money to it), You can withdraw the full amount of the deposit before it matures, as long as it’s less than £50,000 (or currency equivalent), You can’t withdraw part of the money from a deposit, You can’t withdraw a deposit for £50,000 or more (or currency equivalent) before it matures, We charge a minimum fee of US$260 or EUR220 (or the US dollar equivalent) for early withdrawals (subject to change for new and renewed deposits, but not for any deposits you already have), You can move all or some of the money to another account in the same name and currency; or, Large Corporate Business Customer means any business customer whose accounts are held with us in the UK, which isn’t a Small Business or a Small Charity Customer. All this with the added convenience of an ATM card, telephone banking and internet banking services. However our USD and HSBC money market account (also GBP currency but acts as a business tax/saving account) are not connecting or updating and are no longer available to connect. You can hold a Foreign Currency Flexi Saver account in the following currencies: USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD, CNY (currency restrictions apply to CNY) Make the most of currency movements as they occur when exchanging foreign currency within HSBC … Interest paid monthly and calculated on daily closing balance. View Exchange Rates View Exchange Rates on HSBC Real Time Exchange Rates page . Interest Rates Interest Rates for HSBC Foreign Currency Savings Account These reflect the rates that are available abroad in the home country or region of the currency. Open an HSBC Current Account in Egyptian Pounds or any other major currency and manage your money 24/7 with online, mobile and phone banking. You will lose any information you have entered. We don’t charge for any payments you make to other HSBC accounts. Option 1: Open an HSBC account in a different country with the local currency there . Take a look at our range of current accounts and guidance to see what will suit you. We deliver direct to your door or to your nearest branch. Global Money is a free, no-fee account, which facilitates transfers between 20 different markets. Once opened you can manage your account online, in branch or by phone. All other payments will normally take up to 4 working days* (but may take longer depending on the country the money is being sent to). No additional currency can be added to HSBC Multi-Currency Deposit Account after account opening and all transactions are made with the balances transferred at account opening. Subject to destination country's local regulation and HSBC internal policy requirement. International Payments . Whether trading at home or overseas, it is vital to find out as much as possible about potential trading partners. Offers a fixed interest rate for your chosen term and is ideal to help you save in a foreign currency. Australian Dollar, Canadian Dollar, Hong Kong Dollar, New Zealand Dollar, Pound Sterling and Renminbi. Make managing your money easy with an HSBC current account. You have options. HSBC Multi-currency Savings Account Designed for international customers, our multi-currency accounts and foreign exchange capabilities make it easy for you to manage your money in … If you choose to convert your foreign currency and RMB deposit to other currencies at an exchange rate that is less favorable than the exchange rate in which you made your original conversion to that foreign currency and RMB, you may suffer loss in principal. It’s easy to get in touch online. So, for example, if you spent £100, you'd be charged a fee of £2.75. To apply for a Currency Savings Account, simply log on to your existing online banking account and follow the onscreen instructions. At present no credit interest is paid. Apply now. An all-in-one bank account with HKD savings and current accounts, 11 foreign currency savings accounts (including RMB), time deposits and investments Your Personal HSBC Jade director with the qualifications needed to understand and manage your financial goals Keep reading. HSBC’s Everyday Global multi-currency account comes with a Visa debit card. Online: up to £50,000 (or currency equivalent), Over the phone: unlimited for Premier customers, and up to £10,000 (or currency equivalent) for non-Premier customers. Close. HSBC Foreign Currency Time Deposit Account Earn interest when you lock up your funds for 1 month, 2 months, 3 months, 4 months, 6 months or 1 year. Normally, the interest rate paid depends on how much you deposit in your account, however, at the moment, because of market conditions, the rates are the same for some or all balances on all currencies and in some cases are 0%. If you haven't given us any instructions about what to do at least 2 working days before maturity, we'll renew it for the same length of time, at the then current interest rate. You need a sterling business account (current or instant access savings account) and a International business account (current or savings) in the same currency as the term deposit before you can open this deposit (and must hold such account for as long as you have this deposit). Book an appointment at one of your local branches by calling Business Telephone Banking, on 03457 606 060, or by booking directly with the branch. A foreign currency current account with HSBC is a convenient way of handling your finances. Close We know some of you might have queries about how your finances may be affected by COVID-19 and we’re here … We aren’t offering our HSBC Currency Account in branches at the moment. As your international sales grow, your financial supply chain will become more complex. No additional currency can be added to HSBC Multi-Currency Deposit Account after account opening and all transactions are made with the balances transferred at account opening. Manage your savings across different currencies and earn interest on your balance with the HSBC Foreign Currency Savings Account. If you need further financial support, please click here. You can send another currency to your HSBC account, but the fees mentioned above will apply for receiving the payment, if it’s a wire transfer. An HSBC Foreign Currency Flexi Saver Account is available in major currencies. Also Premier and Advance banking and more… Getting in touch Close. HSBC Foreign Currency Time Deposit account offers a fixed deposit interest rate with flexible tenure to earn a potentially higher return in 12 currencies. Sadly, HSBC USA doesn’t offer traditional multi-currency accounts. The next site will open in a new browser window or tab. You can only open accounts denominated in US dollars (USD) through HSBC in the US. Find the support you need to help your business get ahead, along with clear pricing so you know where you stand, Find an account to suit your business - whether you're just starting out or looking to switch banks, Separate your business spending, stay in control of your expenses and reduce your need for cash, Earn interest on surplus cash while keeping funds easily available for your business, Let us help your business to achieve its ambitions with our range of credit and lending facilities, Access and manage your trade requirements – whenever and wherever you need to, Discover a wide range of business finance solutions to help you achieve your business goals, Take advantage of our international expertise to help you remove some of the risks associated with global payments, Discover secure ways of receiving your goods and use our trusted payment methods to help you trade with confidence, Find the cover you need quickly and easily with a tailored insurance policy from our preferred partners, Free up your working capital and keep your business running smoothly with our invoice finance solutions, Let us take the complexity out of payments and handle them efficiently so you can focus on running your business, About clearing and foreign currency payments, Take advantage of our expertise and you'll be able to make and receive domestic and global payments with ease. That’s not the end of the story, though. What currencies are available through the HSBC Global Money account? Customer support It’s easy to get in touch online. Check out HSBC's foreign currency savings accounts to see how we can support your needs, whether you're looking for flexibility or to fix your term, interest rate and currency. If you need to cancel a payment that is due to be made on a future or recurring date, then you have until 23:59 (UK time) the day before the payment is due, to cancel it. Looking for an easy to manage currency holding account? Or if you prefer to speak to someone in branch this can also be arranged, an appointment can be made by calling 03457 60 60 60. An everyday account that holds up to 10 currencies with no monthly fee and no ATM 1 or transaction fees. 1 Applicable to Integrated Account and Statement Savings Account only. We will notify you each time you make a payment from your account and where a currency exchange has been involved, we will confirm the HSBC Exchange Rate that has been applied. Any transfer of money outside the UK may attract additional charges raised by the receiving bank and any non-UK bank needed for the transfer. No monthly account fee or minimum ongoing balance. We’ll calculate your credit interest daily on your cleared balance and pay it into your deposit when it matures. With the added convenience of an ATM card, Phone Banking and Internet Banking services, a HSBC Foreign Currency Current Account is a convenient way of handling your finances. Log on to apply New to HSBC Expat You can apply for a Currency Savings Account once you have opened an HSBC Expat Bank Account with us. Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. HSBC Current Account Making payments has never been simpler or more convenient Minimum account balance fees will not be charged on certain SGD deposit accounts from 1 … From multi-currency savings accounts to our FX app, discover all of the reasons to bank with us and open your Expat account today. See our help and support pages for guidance and to find out what you can do through online and mobile banking. Make the most of currency movements as they occur when exchanging foreign currency within HSBC accounts or making international transfers 10. Japanese Yen and Euro accounts will receive 0% interest on balances, unless otherwise agreed at the rate and in the manner specified in Your Foreign Currency Savings Account - Negative Credit Interest Rate Schedule. 1 Interest rates are calculated on a daily basis and credited on a monthly basis.. 2 This account does not support cheque book facilities.. 3 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 rmb Everyday Global Account opened hereunder. The 6-month automatic deferment period has ended on 30 September 2020. No additional deposits and/or withdrawals are made during the 12 months. No notice is required. HSBC has no control over these charges and cannot advise on their amounts. HSBC plans a set of new geographies to join in 2021. Designed to support your international lifestyle, with easy access to your account via online banking, you can manage your finances wherever you are in the world. The exchange rate applied to your instruction will be the HSBC Exchange Rate applicable at the time your payment is made. Note: HSBC Bank Canada may at any time, in its sole discretion and upon prior notice to the customer, charge negative interest on deposits to foreign currency accounts. We’re here to help you get ready for a new adventure. All rights reserved, There's no monthly fee for the account and no payment fee when sending money to another HSBC account anywhere in the world. For the purpose of this calculation it is assumed: You need a sterling business account (current or instant access savings account) and a International business account (current or savings) in the same currency as the term deposit before you can open this deposit (and must hold such account for as long as you have this deposit). Fees may apply. Send money quickly and securely outside the UK using our International Payments service. 2 HSBC Premier and HSBC Advance customers only. * subject to currency cut-off time and further checks, as from time to time we may need to conduct additional security checks to validate the payment. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. This is a live rate which is updated by the second during market hours. HSBC Foreign Currency Time Deposit account offers a fixed deposit interest rate with flexible tenure to earn a potentially higher return in 12 currencies. The 6-month automatic deferment period has ended on 30 September 2020. You can also send money to non HSBC accounts outside the UK. Fees may apply. All this with the added convenience of an ATM card, telephone banking and internet banking services. 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