HSBC Everyday Global Account (Personal Banking)

HSBC Everyday Global Account (Personal Banking)

HSBC Everyday Global Account (Personal Banking)

HSBC Everyday Global Account (Personal Banking)

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Back to all Savings account
0.05%
Min. Annual Interest
Up to 3.70%
Max. Annual Interest
S$2,000
Min. Initial Deposit

Quick Facts

Base Interest Rate

0.05%

Bonus Interest Rate

4.05%

All Details

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HSBC Everyday Global Account (Personal Banking) 2024

Having served millions of personal, wealth and corporate customers worldwide, HSBC has over a century of legacy as one of the world’s largest banks, and it has been enhancing it's range of products and services over the years, including its selection of savings accounts.

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)

As with many banks in Singapore, eligibility for this savings account requires you to be 18 or older and either a Singapore Citizen, Permanent Resident, or a foreigner with a valid Employment Pass. HSBC’s initial deposit requirement stands at $100 for Singaporeans, PRs, and foreign residents. For cashback and bonus interest benefits, you’ll need to deposit at least SGD2,000 or SGD5,000 and complete a minimum of five transactions monthly using your HSBC personal Credit Card or HSBC Everyday Global Debit Card over three consecutive months. Given these features, the HSBC Everyday Global Account (Personal Banking) is an attractive option for Singaporeans, PRs, and frequent travelers who can take advantage of foreign currency exchange perks.

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.

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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).