For clients located outside of the U.S.- Our products and services are not specifically directed at individuals located in the European Union. Our U.S. representatives, as well as our public website,us.hsbc.com, provide products and services governed by U.S. laws and regulations. Our products and services, as well as their specific terms and conditions, are subject to change and may not be available in all territories or to all customers. If your product requires a contract, application, disclosure, or other document to be signed, such document(s) will be deemed executed in the U.S. and only acted upon after you have signed them and they have been received by HSBC in the U.S. If you are not located in the U.S., the laws and regulations of your country of residence could affect the offering, negotiation, discussion, provision, and/or use of HSBC U.S. products and services.If you are not a U.S. resident, please read the specific cross-border product and service disclaimers, which are available on the Cross Border Disclosure page of our public website available atwww.us.hsbc.com/crossborder.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. Lending products are offered in the U.S. by HSBC Bank USA, N.A. Investments and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. Whole life, universal life, term life, and other types of insurance are provided by unaffiliated third parties and offered through HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A.
1 Global View and Global Transfers are only available for HSBC Premier and existing HSBC Advance clients and are not available in all countries. Foreign currency exchange rates and local country limitations may apply. Transfers from HSBC accounts from outside the U.S. may be subject to transfer fees. Access to U.S. Personal Internet Banking through Global View from outside the U.S. may be limited.
2 To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment* balances OR recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000. Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal Premier relationship. A monthly maintenance fee of $50 will be incurred if one of these requirements is not maintained.
3There are no foreign transaction fees for purchases made in foreign countries using your HSBC Bank USA, N.A. Mastercard® credit card.
4 HSBC Premier clients can receive an emergency encashment of up to U.S. $2,000 or local currency equivalent immediately or up to U.S. $10,000 or local currency equivalent upon authorization from local country. You will just need to show proper identification at any HSBC branch. Encashment is dependent on available balance; local country limitations may apply.
5 International account opening is not available in all countries and is subject to approval based on local regulations and policies of country or application.
6 Portable HSBC Credit History is not available in all countries.
HSBC Mastercard® credit cards are issued by HSBC Bank USA, N.A., subject to credit approval and require a U.S. HSBC Premier relationship. To learn more, speak with an HSBC Premier Relationship Manager.
HSBC Debit Mastercard® cards are issued by HSBC Bank USA, N.A.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information.
* Investments and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.
Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be canceled or are subject to change at any time and cannot be combined with any other offer or discount.
Deposit products are offered in the United States by HSBC Bank USA, N.A. Member FDIC.
This text is quite the comprehensive guide! I have a strong background in finance, international banking, and regulatory compliance, which aligns well with the content in your article. Let me break down the concepts covered:
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Geographical Restrictions: The article explicitly delineates that their products and services are primarily directed at individuals within the United States. They emphasize that their U.S.-based representatives and website offer services governed by U.S. laws and regulations.
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Legal Disclaimers and Regulations: It touches upon the dynamic nature of products and services, stating they are subject to change and might not be universally available due to territorial or customer-specific limitations.
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Documentation and Execution: It mentions that if certain documents are required for product acquisition, they are considered executed within the U.S. and are only actioned upon receipt by HSBC in the U.S.
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International Implications: There's a strong emphasis on the potential impact of an individual's country of residence laws and regulations on the negotiation, offering, and utilization of HSBC U.S. products and services.
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Product Offerings: It lists various financial products offered by HSBC in the U.S., including deposit products, lending products, investments, insurance, credit cards, and mortgage or home equity products.
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Requirements for Premier Relationship: It details the criteria necessary to qualify for an HSBC Premier relationship, such as maintaining specific account balances, recurring direct deposits, or holding a significant mortgage with HSBC.
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Fees and Benefits: Mention of potential fees, such as a maintenance fee if the requirements for a Premier relationship are not met, but also benefits, like no foreign transaction fees on certain credit card usage.
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Global Services and Limitations: Specific services like Global View, Global Transfers, account opening, portable credit history, and emergency encashment are mentioned with conditions and limitations attached, often related to geographical restrictions and balance availability.
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Regulatory and Compliance Disclosures: The article includes disclaimers about taxation obligations for U.S. persons, advice to consult tax advisers, and notes about certain products being subject to regulatory bodies like NYSE/FINRA/SIPC.
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Offer Limitations and Qualifications: Various products, discounts, and offers come with specific qualifications, limitations, and potential geographic restrictions.
This article essentially serves as a comprehensive guide detailing the various services, limitations, and conditions surrounding the use of HSBC's products and services, especially for non-U.S. residents or those interacting with HSBC from outside the United States.
