Key features
HSBC’s Everyday Global Account is something super special. For starters, you can have your salary deposited into it, pay bills with it and spend at your local shops, just like you would any other everyday transaction account. There's no minimum deposit or minimum balance requirements and you can also make unlimited free transactions online, over the phone, via EFTPOS, BPAY or direct debits, as well as using HSBC ATMs fee-free (except in Argentina, France, Greece, Malta, Mexico, Turkey).
But where the Everyday Global Account really stands out is that it allows you to keep up to ten currencies in one bank account, including AUD, USD, EUR, SGD, NZD, JPY GBP, CAD, HKD and CNY (currency restrictions apply). That way, you can use the linked Visa debit card around the world, and pay in the local currency.
There are a couple of options for how to do this - first, you can exchange currency online and access real-time exchange rates. Doing this means the local currency is sitting ready in your account, and any spend will be deducted from that currency’s balance.
The other option is for the funds to be automatically converted from your Aussie dollar balance when you make a transaction. This option is handy if you aren’t able to make an exchange beforehand, or need to pay in a currency other than the 10 you can have in your account. Just keep in mind that in this case, you won’t know which exchange rate you’re getting.
Foreign exchange can be tricky, and there's a bit of fine print to understand here - for example, real-time foreign exchange is available 24/7 between linked HSBC Australia accounts for selected currencies, however, when you're making transfers to accounts outside of HSBC, real-time exchange is only available when the market is open. When it's closed, including currency holidays, NSW and US public holidays, a set exchange rate will apply.
HSBC won't charge you any overseas ATM fees while you're on your travels (except in Argentina, France, Greece, Malta, Mexico and Turkey), but keep in mind that if you're using a non-HSBC ATM, the ATM owner might charge a fee for using them.
Plus you can make purchases using Paywave, Google Pay and Apple Pay and the Everyday Global Visa Debit Card also comes with the same security as a credit card, including Visa Zero Liability, to keep your spending safe.
As if all that wasn't enough, there are a couple of hot offers for HSBC cardholders to snap up at the moment.
For any customer: snag 2% cashback (up to AU$50 per month) on tap and pay purchases under AU$100. To qualify for this bonus, you need to deposit AU$2,000 or more each month into your Everyday Global Account.
FAQs
This type of account will be attractive for global travellers or those who frequently purchase from foreign merchants who are either looking to lock in their exchange rate prior to making purchases, as well as those looking for flexibility in accessing the best possible exchange rate for their purchases, a unique ...
What is the benefit of HSBC Everyday Global account? ›
Everyday Global Account (EGA) benefits
Earn up to 4.45% p.a. interest on your SGD savings with your Everyday Global Account. To register, send an SMS to 74722 with the following format from 16 June to 30 June 2024. Terms & Conditions applyTerms & Conditions apply This link will open in a new window.
What is the limit on HSBC Everyday Global account? ›
The daily withdrawal limit for your HSBC Day To Day account is $2,000 per day combined ATM/EFTPOS withdrawal and $10,000 for Visa daily purchase limit.
What is the benefit of a HSBC Global account? ›
It's a digital account you can use to hold money in different currencies. It's also an easy-to-use instant payment service that lets you manage, send and spend money in different currencies securely. It's free from HSBC fees. Non-HSBC fees may apply.
How much is the conversion fee for HSBC Everyday Global? ›
Are there any service fees and charges for the currency conversion from/into my EGA/-i multi currency account via HSBC Online Banking and HSBC Malaysia Mobile Banking app? There are no service fees or charges imposed on currency conversion within the EGA/-i account.
Can I withdraw money from my HSBC Global money account? ›
You can then withdraw money from any cash machine around the world where you see the Visa logo. It doesn't have to be an HSBC cash machine. If you see an option to choose an account, always select current account or checking account.
Does the HSBC Everyday Global Account pay interest? ›
The Everyday Global Account offers a lot of flexibility, but it doesn't pay interest on any of the balances. However, if the appeal of moving your money into foreign currency is working for you, then you can earn interest on what you save with the HSBC Foreign Currency Bonus Savings Account.
What is the minimum balance for HSBC Global? ›
| Details & Requirements |
|---|
| Minimum Age Requirement | 18 |
| Minimum Initial Deposit | S$100 or equivalent |
| Minimum Balance Requirement | S$2,000 |
| Fall-Below Fee | S$5 (No Waiver) |
Move money in our app
Select 'Pay & Transfer', then 'Make a payment or transfer'. Choose the accounts sending and receiving money. Input the amount you want to send, and follow the on-screen instructions. Review and confirm your transfer.
How to use HSBC Everyday Global? ›
Use your HSBC Everyday Global Visa Debit Card everywhere Visa is accepted anywhere in the world. Access your own money at ATMs and when making purchases in-store and online. In-store purchase - daily limit8 of $10,000 Select 'Credit' for instore purchases above $100 or tap for contactless purchases under $100.
HSBC credit cards don't charge foreign transaction fees. However, if you use your HSBC Debit Mastercard® card, you may be charged a fee for any purchases abroad. This includes international payments made online.
What is the withdrawal limit for HSBC Global? ›
We won't charge you a transaction fee, but look out for any fees applied by ATMs. These will be shown on screen when you make a withdrawal. ATM withdrawal limits are £1000, or currency equivalent.
What are the perks of HSBC Everyday Global Account? ›
Rewards that continue overseas
- No overseas ATM fees3
- No international transaction fees or HSBC transfer fees.
- Competitive real-time exchange rates8
- Currency conversion via the HSBC Australia app in 10 major currencies.
you can add funds to your wallet from your HSBC Expat current and savings accounts. cheques and cash cannot be directly deposited into this account. You can only transfer in/out of the account using an eligible account (see 'Who can open a Global Money account?
What countries is HSBC Global account available in? ›
Global View and Global Transfers are available in Australia, Bahrain, Bermuda, Channel Islands, Mainland China, Egypt, Hong Kong SAR, India, Indonesia, Isle of Man, Philippines, Jersey (HSBC Expat), Malaysia, Malta, Mexico, Qatar, Singapore, Sri Lanka, Taiwan, UAE, UK, US and Vietnam.
How does the Everyday Global account work? ›
Easy 24/7 access to transfer between currencies with immediate access to transferred funds using your Everyday Global Account. You have the choice to exchange currencies at any time before you transact to lock in a competitive real time2 exchange rate for the 10 available currencies, with immediate access to the funds.
What is the everyday account good for? ›
Everyday account: A deposit account in which your money is available for day-to-day transactions. Transfer: When you give the bank instructions to move money from one account to another account, e.g. to move money from your savings account to your everyday account.
What does HSBC Global banking do? ›
We specialise in foreign exchange, credits and rates, structured derivatives, equities and debt, and securities services (which offers a range of fund administration, global custody, sub-custody and clearing, and corporate trust and loan agency services) Global Research.
