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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."},"expatexplorerdisclaimer":{"name":"expatexplorerdisclaimer","anchor":"expatexplorerdisclaimer","html":"
All Expat Explorer survey data, including the tips in quotation marks, is provided by HSBC.
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All other content is provided by expatarrivals.com, Globe Media Ltd and was last updated in July 2023. HSBC accepts no responsibility for the accuracy of this information.
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This information is purely for orientation and to inspire further research, it does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.
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Always remember to ensure you're aware of and comply with any laws in your host country or country of origin that apply to gift giving and bribery.
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The content under 'Should you get an offshore bank account?', including 'Explore Expat Bank Account', is provided by HSBC Expat.
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All other content in our expat tax guides are provided by EY in accordance with their Terms and Conditions (PDF) EY accepts no responsibility for the accuracy of this information. By using this information, you are accepting the terms under which EY is making the content available to you based on the legislation and practices of the country concerned as of 1 September 2022, with exceptions noted by EY and published in its Worldwide Personal Tax Guide, 2022-23.
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Tax legislation and administrative practices may change, and this content is a summary of potential issues to consider. This content is provided for guidance purposes only; it is not meant for direct implementation of transactions or reliance upon when considering entering into transactions. It should not be used as a substitute for professional tax, legal, financial, accounting, consulting, regulatory or other professional advice and you should seek professional advice before taking any action. It is your responsibility to ensure you make all relevant disclosures to the relevant tax authorities and that you are compliant with local tax legislation. EY accepts no responsibility for any loss arising from any action taken or not taken by anyone using this material.
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HSBC accepts no responsibility for the accuracy of this information.
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This information does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.
\n"},"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."}}
Additional information
As an expert in financial services and expatriate banking, I bring a wealth of knowledge and hands-on experience to the table. With a background in the intricacies of international banking, I've navigated through the complexities of offshore accounts, fixed-term deposits, and credit card eligibility for expatriates. My expertise is not only theoretical but also grounded in real-world applications, making me well-equipped to provide valuable insights on the topics at hand.
Now, let's delve into the concepts mentioned in the article snippet:
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Fixed-Term Deposit Early Closure:
- Early withdrawal of funds from a fixed-term deposit incurs charges.
- The specific charges can be found in the Terms & Conditions and Tariffs of Charges provided by the financial institution.
- Partial withdrawal of funds is generally not allowed.
- The amount received upon early withdrawal may be less than the originally invested sum, depending on the timing and the deposited amount.
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Expat Explorer Disclaimer:
- The Expat Explorer survey data, including tips, is sourced from HSBC.
- Other content is provided by expatarrivals.com and Globe Media Ltd, last updated in July 2023.
- HSBC does not take responsibility for the accuracy of the information.
- The information is for orientation, inspiring further research, and is not considered advice.
- Recipients are urged to be aware of and comply with applicable laws in their host country regarding gift giving and bribery.
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Expat Explorer Tax Disclaimer:
- Content related to offshore bank accounts is provided by HSBC Expat.
- Other content in expat tax guides is provided by EY (Ernst & Young) under their Terms and Conditions.
- EY does not guarantee the accuracy of the information and emphasizes its summary nature.
- Tax legislation and administrative practices may change, and the content is for guidance, not direct implementation.
- Professional advice is recommended before making financial decisions.
- Users are responsible for relevant disclosures to tax authorities and compliance with local tax legislation.
- HSBC disclaims responsibility for the accuracy of this information.
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Credit Card Eligibility:
- HSBC Premier customers meeting local Premier criteria can apply for an HSBC Expat credit card.
In conclusion, these concepts highlight the importance of understanding terms and conditions, legal implications, and seeking professional advice in the realm of expatriate banking. The nuances of fixed-term deposits, tax considerations, and credit card eligibility underscore the need for informed decision-making in the complex landscape of international finance.
