International Transactions | Foreign Currency - HSBC Expat (2024)

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Numeric list

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\n"},"fixedtermdepositearlyclosure":{"name":"fixedtermdepositearlyclosure","anchor":"fixedtermdepositearlyclosure","html":"Bear in mind that there’s a charge for withdrawing your money early, with charge information found in our Terms & Conditions and Tariffs of Charges. Partial withdrawal of funds is not permitted. Depending on when the withdrawal is made and the amount deposited, you may get back less than originally invested."},"gvgt-real-time-exchange-rates":{"name":"gvgt-real-time-exchange-rates","anchor":"gvgt-real-time-exchange-rates","html":"

For most currencies, we give the real-time exchange rate before you make a transfer. For countries and regions with onshore trading regulations, we give an indicative rate as exchange can only take place when the transfer reaches the receiving bank.

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The value of currency constantly changes so we can't guarantee a profit or be held responsible for any loss.

\n"},"taxreportingresponsibility":{"name":"taxreportingresponsibility","anchor":"taxreportingresponsibility","html":"Interest is paid gross without the deduction of tax. It is your responsibility to report earnings to the appropriate tax authorities. However, all the interest you earn from your accounts may be subject to reporting to relevant tax authorities."},"annualrate":{"name":"annualrate","anchor":"annualrate","html":"Available on Balance Transfers made within 60 days of account opening from non-HSBC Group issuers. This offer can be withdrawn at any time."},"balancetransfer":{"name":"balancetransfer","anchor":"balancetransfer","html":"Balance transfers must be made within 60 days of account opening. A 1.4% fee will apply to all balances transferred."},"mortgagedisclaimer":{"name":"mortgagedisclaimer","anchor":"mortgagedisclaimer","html":"Lending is subject to status. Your property may be repossessed if you do not keep up repayments on your mortgage. All mortgages are subject to status and eligibility criteria."},"exchangerate":{"name":"exchangerate","anchor":"exchangerate","html":"Live exchange rates will be provided between the opening hours of the Hong Kong Market on Monday morning (local time) and the close of the New York Market on Friday afternoon (local time) - excluding public holidays and unexpected closures. Transfers made outside of these hours will be based on the most recent closing foreign exchange rates from New York, London or Hong Kong as applicable, and includes an additional premium in the exchange rate provided."},"premieronly":{"name":"premieronly","anchor":"premieronly","html":"Premier accounts only."},"interestratesindicative":{"name":"interestratesindicative","anchor":"interestratesindicative","html":"Interest rates are quoted for indication purposes only and are subject to variation."},"interestcalculation":{"name":"interestcalculation","anchor":"interestcalculation","html":"Interest is calculated daily and paid monthly."},"fixedtermdepositcurrencyavailability":{"name":"fixedtermdepositcurrencyavailability","anchor":"fixedtermdepositcurrencyavailability","html":"Fixed Term Deposit accounts may be temporarily unavailable in certain currencies due to public holidays."},"cashwithdrawal":{"name":"cashwithdrawal","anchor":"cashwithdrawal","html":"Make a cash advance other than for a gambling transaction, and we'll charge a cash fee of 2.99% of the amount advance minimum (GBP 3.00). If you make a transaction in a non-sterling currency (a foreign currency) we'll also charge a non-sterling transaction fee of 2.99% of the amount of the transaction."},"trackerrate":{"name":"trackerrate","anchor":"trackerrate","html":"A rate tracked above the Bank of England base rate."},"gvgt-supported-currencies":{"name":"gvgt-supported-currencies","anchor":"gvgt-supported-currencies","html":"The currencies supported by Global View and Global Transfers are AED, AUD, BHD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, INR, JPY, KWD, MXN, NOK, PLN, QAR, RUB, SAR, SEK, SGD, SKK, THB, TRY, USD, ZAR. Please note that each country may not support transfers in all currencies from these countries. For example, transfers from the USA can only be made in USD."},"fxdisclaimer":{"name":"fxdisclaimer","anchor":"fxdisclaimer","html":"The value of currency constantly changes so we can't guarantee a profit or be held responsible for any loss."},"world-selection-risk-level-1":{"name":"world-selection-risk-level-1","anchor":"world-selection-risk-level-1","html":"

World Selection 1 is classified by HSBC as risk 1 'Lower Risk'.

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World Selection 1 is managed by HSBC Global Asset Management (UK) Limited and targets a lower level of investment risk by investing in funds whose values are likely to fluctuate by less than that of a higher risk fund. These funds may produce a greater return than cash based investments with the aim of keeping pace with inflation. Lower risk funds can fall in value to below the amount you invested.

\n"},"mortgageapr":{"name":"mortgageapr","anchor":"mortgageapr","html":"The overall cost in comparison to other mortgages based on £100,000 over 25 years."},"investments-go-up-and-down":{"name":"investments-go-up-and-down","anchor":"investments-go-up-and-down","html":"The capital value of, and income from, any investment may go down as well as up and you may not get back the full amount you invested."},"monthlyrate":{"name":"monthlyrate","anchor":"monthlyrate","html":"The rate that you actually receive will depend on our assessment of your circ*mstances."},"world-selection-risk-level-2":{"name":"world-selection-risk-level-2","anchor":"world-selection-risk-level-2","html":"

World Selection 2 is classified by HSBC as risk 2 'Low to Medium Risk'.

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World Selection 2 is managed by HSBC Global Asset Management (UK) Limited and targets a lower level of investment risk by investing in funds whose values are likely to fluctuate by less than that of a higher risk fund. These funds may produce a greater return than cash based investments with the aim of keeping pace with inflation. Low to medium risk funds can fall in value to below the amount you invested.

\n"},"dailylimits":{"name":"dailylimits","anchor":"dailylimits","html":"Daily limits are set by default but can be lowered using our online transfer limits tool. Please note that once a limit is decreased, you will need to call our dedicated contact centre in order to increase it again."},"onepoll-survey":{"name":"onepoll-survey","anchor":"onepoll-survey","html":"Survey commissioned by OnePoll. Sample size was 2,000 UK adults ranging from 18 to 55+. Fieldwork was undertaken between 11 and 14 June 2021. The survey was carried out online. The figures have been weighted and are representative of all UK adults (aged 18+)."},"introductoryrate":{"name":"introductoryrate","anchor":"introductoryrate","html":"For new HSBC Bank credit card customers only."},"variablerate":{"name":"variablerate","anchor":"variablerate","html":"The interest you pay which is the Bank of England base rate of 5.25% as of 03 August 2023, plus the tracker interest rate."},"global-money-transfer-eligibility":{"name":"global-money-transfer-eligibility","anchor":"global-money-transfer-eligibility","html":"Global Money transfers can only be made between eligible HSBC accounts locally or globally in participating countries / territories and are subject to the availability of supported currencies."},"gma-fx-rates":{"name":"gma-fx-rates","anchor":"gma-fx-rates","html":"We draw on a combination of factors to provide Global Money Account users with competitive conversion rates, quoted to you at the time of making the transfer. You'll receive the HSBC Exchange Rate before you complete a transaction. This rate refreshes every 90 seconds to align to market exchange rates. The HSBC Exchange Rate includes the HSBC cost rate and a foreign currency conversion margin."},"aergrossinterest":{"name":"aergrossinterest","anchor":"aergrossinterest","html":"

AER (Annual Equivalent Rate) is a notional interest rate which illustrates what the gross rate would be if interest were paid and compounded each year.

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The gross rate refers to the interest rate before the deduction of tax applicable to interest on savings accounts.

\n"},"expat-disclaimer":{"name":"expat-disclaimer","anchor":"expat-disclaimer","html":"

HSBC Expat products and services are available only in jurisdictions where and when they may be lawfully offered by us. The material on these pages is not intended for use by persons located in or resident in jurisdictions which restrict our distribution of this material. Anyone accessing these pages is required to inform themselves about any relevant restrictions and observe them. Not all products or services mentioned on this website will be available to residents of all countries or regions.

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Your tax situation will depend on your personal circ*mstances and we recommend you obtain independent tax advice. Any tax information is based on our understanding of current and proposed legislation and practice. The legislation and practice may be subject to change.

\n"},"eea":{"name":"eea","anchor":"eea","html":"European Economic Area where you can pay in currency includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Iceland, Ireland, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Norway, the Netherlands, Poland, Portugal, Romania, Spain, Slovakia, Slovenia and Sweden."},"world-selection-risk-level-3":{"name":"world-selection-risk-level-3","anchor":"world-selection-risk-level-3","html":"

World Selection 3 is classified by HSBC as risk 3 'Medium Risk'.

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World Selection 3 is managed by HSBC Global Asset Management (UK) Limited and targets a medium level of investment risk by investing in funds whose values are likely to fluctuate by more than that of a lower risk fund but less than a higher risk fund. These funds offer the potential for greater returns over time than lower risk funds. Medium risk funds are likely to have greater fluctuations in value in the short term than lower risk funds and can fall in value to below the amount you invested.

\n"},"local-and-cash-machine-fees":{"name":"local-and-cash-machine-fees","anchor":"local-and-cash-machine-fees","html":"Local and cash machine fees may apply."},"source-united-nations":{"name":"source-united-nations","anchor":"source-united-nations","html":"Source: United Nations (UN): Global population Dynamics"},"account-disclaimer":{"name":"account-disclaimer","anchor":"account-disclaimer","html":"

Your Expat bank account will be held in Jersey, Channel Islands, a secure offshore jurisdiction and one of the world's leading and best-regulated international finance centres as recognised by the Organisation for Economic Cooperation and Development (OECD).

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We may not be able to offer accounts in every country or region.

\n"},"pensionadvice":{"name":"pensionadvice","anchor":"pensionadvice","html":"Please be aware HSBC don't provide pension advice. You can obtain details of your pensions from your pension providers but you should speak to a specialist pension advisor if you need advice."},"quotedrate":{"name":"quotedrate","anchor":"quotedrate","html":"Rate as of 22 June 2023 . The rate is subject to change."},"callcentre":{"name":"callcentre","anchor":"callcentre","html":"

We may monitor and record calls to help us improve our service and for security purposes.

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To find out how we use your personal information view our Privacy Notice.

\n"},"investmentscaveat":{"name":"investmentscaveat","anchor":"investmentscaveat","html":"Please remember that the value of investments is not guaranteed and you may not get back the amount you invested, and any income received from them can fall as well as rise. This could also happen as a result of changes in currency exchange rates, particularly where overseas securities are held or where investments are converted from one currency to another. We always recommend that any investments held should be viewed as a medium to long-term investment, at least five years."},"source-schroders":{"name":"source-schroders","anchor":"source-schroders","html":"Source: Schroders: Global Investor Study 2020"},"investment-article-disclaimer":{"name":"investment-article-disclaimer","anchor":"investment-article-disclaimer","html":"

HSBC Bank plc, Jersey Branch has prepared this article based on publicly available information at the time of preparation from sources it believes to be reliable but it has not independently verified such information.

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The HSBC Bank plc, Jersey Branch and the HSBC Group are not responsible for any loss, damage, liabilities or other consequences of any kind that you may incur or suffer as a result of, arising from or relating to your use of or reliance on this article. The contents of this article are subject to change without notice. HSBC Bank plc, Jersey Branch and the HSBC Group give no guarantee, representation or warranty as to the accuracy, timeliness or completeness of this article.

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This article is not investment advice or a recommendation nor is it intended to sell investments or services or solicit purchases or subscriptions for them. This article should not be used as the basis for any decision on taxation, estate, trusts or legacy planning. You should not use or rely on this article in making any investment decision. HSBC Bank plc, Jersey Branch and the HSBC Group are not responsible for such use or reliance by you.

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Any market information shown refers to the past and should not be seen as an indication of future market performance.

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You should consult your professional advisor in your jurisdiction if you have any questions regarding the contents of this article.

\n"},"cashwithdrawals":{"name":"cashwithdrawals","anchor":"cashwithdrawals","html":"Credit card customers will be charged a cash advance fee. Unlike purchases, interest is charged from the date transactions are applied to your account until payment is received. Non-HSBC cash machines may charge a transaction fee which will be advised on-screen at the time of withdrawal."},"financial-planning-disclaimer":{"name":"financial-planning-disclaimer","anchor":"financial-planning-disclaimer","html":"The Nominee is an administration service, not an asset management service. Not all countries are covered by the service - and some investments are excluded, such as stock market traded shares/funds, bank deposits and some collective investment schemes. Applications to transfer current or future investments into the service will be evaluated on an individual basis."},"sterlingtransactions":{"name":"sterlingtransactions","anchor":"sterlingtransactions","html":"Sterling currency includes transactions made in the UK, Jersey, Guernsey and Isle of Man as well as transactions overseas where you choose to pay in Sterling rather than local currency."},"sharedealing":{"name":"sharedealing","anchor":"sharedealing","html":"

If you place an order to buy or sell shares when the stock market is closed, your order will be sent to the market the next trading day. There's a risk of higher price volatility if you place an order when the market is closed, or near to its closing or opening time - so you should consider entering a price limit.

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HSBC InvestDirect International sharedealing service allows individuals to purchase and sell shares electronically. To provide you with this service, your shares will be held on your behalf in the name of our nominee company, which means your name will not be on the company's register of shareholders. As you will not be registered with the company's Registrar, you won't receive any correspondence or shareholder benefits from the company in which you hold shares. However we will use reasonable endeavours to inform you of any corporate actions, for example, rights issues, where we receive due notification from the company. Instructions may be given online, by letter or by telephone. For further information regarding how your shares are held with our nominee please refer to the 'HSBC InvestDirect International Terms and Conditions' and the documents in the 'Things you should know' section.

\n"},"source-stern":{"name":"source-stern","anchor":"source-stern","html":"Source: STERN: ESG and Financial Performance"},"using-the-app":{"name":"using-the-app","anchor":"using-the-app","html":"Global Money Transfers aren't available within online banking or through phone banking. You can only access them using the HSBC Expat Mobile Banking app."},"world-selection-risk-level-4":{"name":"world-selection-risk-level-4","anchor":"world-selection-risk-level-4","html":"

World Selection 4 is classified by HSBC as risk 4 'Medium to Higher Risk'.

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World Selection 4 is managed by HSBC Global Asset Management (UK) Limited and targets a higher level of investment risk by investing in funds whose values are likely to fluctuate by a significant amount. These funds offer the potential for greater returns over time than lower risk funds and can fall in value to below the amount you invested.

\n"},"world-selection-risk-level-5":{"name":"world-selection-risk-level-5","anchor":"world-selection-risk-level-5","html":"

World Selection 5 is classified by HSBC as risk 5 'Higher Risk'.

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World Selection 5 is managed by HSBC Global Asset Management (UK) Limited and targets a higher level of investment risk by investing in funds whose values are likely to fluctuate by a significant amount. These funds offer the potential for greater returns over time than lower or medium risk funds and can fall in value to below the amount you invested.

\n"},"advance-registrations":{"name":"advance-registrations","anchor":"advance-registrations","html":"We no longer offer Advance to new customers."},"feefreetransfers":{"name":"feefreetransfers","anchor":"feefreetransfers","html":"Some receiving banks may charge for inbound international payments. Please see the Tariff of Charges for further details."},"privatebanking":{"name":"privatebanking","anchor":"privatebanking","html":"HSBC Private Banking (C.I.) is the trading name of HSBC Private Bank (Suisse) SA, Guernsey Branch. HSBC Private Bank (Suisse) SA, Guernsey Branch is licensed by the Guernsey Financial Services Commission for Banking, Credit, Insurance Intermediary and Investment Business. HSBC Private Bank (Suisse) SA is registered in Switzerland number UID CHE-101.727.921. Registered office Quai des Bergues 9-17, 1201 Geneva (GE), Switzerland."},"creditcardeligibility":{"name":"creditcardeligibility","anchor":"creditcardeligibility","html":"If you're an HSBC Premier customer and your local Premier criteria is met, you can apply for an HSBC Expat credit card."}}