Going Abroad For Studies, Business, Or Leisure? Manage 11 Currencies In One Account Easily With HSBC

Chee Jo-Ey

26th May 2022 - 6 min read

In a globalised world today, it may become more common for people to travel abroad frequently whether it’s for studies, work, or holiday. Although travelling is exciting, it can involve a lot of preparations for your finances including researching about foreign bank accounts, learning about preferred payment methods, and more. What if there was a way for you to manage your finances abroad easily without even needing to open a foreign bank account?

The HSBC Everyday Global Account is a multi-currency savings account that provides all the usual banking functions such as making deposits, transfers, and withdrawals both in Malaysia and abroad. This all-in-one account is made for avid travellers who want to continue enjoying everyday banking services seamlessly across borders.

If you’ve been looking for a global savings account, here are 4 reasons why you could consider the HSBC Everyday Global Account.

1. Hold multiple currencies in a single account

When planning a trip overseas, one of the first things you need to do is prepare some local currencies so you can have the reassurance of arriving at your destination with some money on hand. However, converting your money can get overwhelming with long queues, extra fees, and unattractive exchange rates, so why wait in line and pay additional cost when there’s a more convenient method available?

With HSBC Everyday Global Account, you get to hold Malaysian Ringgit and 10 other major foreign currencies including Singapore Dollar, United States Dollar, and Great Britain Pound Sterling in a single account. It also lets you withdraw cash in the local currency at automated teller machines around the world. Otherwise, top up your account on the go anytime online, which can come in handy when you’re exploring a certain region and need access to multiple currencies.

In addition, you will also get to instantly transfer your currencies with Global Transfers* and access competitive real-time exchange rates. This means you can conveniently convert your currencies digitally and secure the favoured exchange rates, which means no more physically queuing to convert your money at money exchangers, hotels, or airports.

2. Find familiarity in your everyday banking experience

When you’re travelling to a foreign land, you will be encountering new cultures, lifestyles, and even weather conditions that might require some time to adapt to. With the Everyday Global Account, you can find some familiarity in your everyday banking experience and focus on your studies, work, or trip abroad. Why stress yourself with unfamiliar banking methods when you can simply enjoy your long-awaited trip?

For those who are constantly travelling between two or more countries, you might be relieved to know that the HSBC Everyday Global Account lets you manage, view, and make online transfers to all your worldwide HSBC personal accounts instantly. Specifically, you can make payments and receive funds in 11 currencies within one account. You can also pay bills easily via online and mobile banking with JomPay to over 5,000 billers. For example, if you’re currently working overseas, you can transfer your salary to your personal account in Malaysia via Global Transfers and pay bills for your subscriptions in Malaysia.

3. Get rewarded for your lifestyle

The HSBC Everyday Global Account offers benefits that are aligned to your international lifestyle where you get the flexibility to save more with discounts when you use your debit card here and around the world.

When you’re shopping online or in stores overseas, you can use local currencies without needing to pay any transaction fees if you’re an existing HSBC Premier and HSBC Advance customer. So, when you want to purchase an item online from Amazon.com, you can pay for the items in foreign currency as well.

For example, if you decide to buy an item priced at USD500, the bank will deduct the amount in USD from your Everyday Global Account with no hidden charges. Now, what if you don’t have sufficient USD in your account? Then, the bank will automatically convert and charge the items from your MYR account instead.

4. Enjoy cashback and attractive interest rates

Now that you’ve learned more about the Everyday Global Account, you might be interested to sign up for it. You can get started easily – anyone who is the age of 18 years old and above can open an HSBC Everyday Global Account online in just three steps. There is no minimum balance required, no monthly or annual account fee, and no fees for debit card issuance, so it’s the perfect tool for students who are planning to further their education abroad but don’t want to go through the hassle of opening a foreign bank account. Everyday Global Account also comes with a Shariah compliant alternative, the Everyday Global Account-i for you to choose from.

If you open the Everyday Global Account with HSBC now, you’re entitled to get up to RM30 cashback when you perform five eligible transactions – each with a minimum amount of RM20 – within the first 30 days after your debit card issuance. In addition, HSBC is offering Everyday Global Account holders the opportunity to earn up to 3% per annum rates from now until 31 August 2022. Find out more about how you can earn up to 3% per annum rates here.

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Now that the borders have opened and we’re resuming our pre-Covid activities, you might be ready to travel soon whether it’s for studies, work, or holiday. If you’re planning to study abroad or take some trips overseas, HSBC’s Everyday Global Account could be the perfect travel companion for easy management of your finances in multiple currencies.

Interested to know more about HSBC Everyday Global Account? Find out here.

Ready to open a HSBC Everyday Global Account? Apply here.

*For HSBC Amanah Premier or HSBC Amanah Advance customers only. Subject to destination country/region’s local regulation and HSBC internal policy requirement. HSBC Amanah Premier and HSBC Amanah Advance customers enjoy zero transfer fees. Instant foreign currency to foreign currency exchange transfer is available 24 hours 7 days. Transfer involving Ringgit Malaysia is from Monday to Friday 9.30am to 3pm. If you perform any transfer outside those hours, the actual amount to be debited will be based on the next business day’s exchange rate.

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