In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other transaction accounts
  • Your reviews
  • Ask a question
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HSBC Day to Day Transaction Account

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HSBC Day to Day Transaction Account

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Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$4.5
Overseas transaction fee of transaction value
3%

Our verdict

Get $0 monthly account keeping fee with no minimum deposit

This is a straightforward everyday bank account with no account keeping fees and easy access to your balance 24/7. There’s no ongoing account deposit conditions to meet, and no minimum balance requirement.

However, you might get more value from HSBC’s Everyday Global Account particularly if you like to travel. With the Everyday Global Account, there’s still no monthly fees and you can also hold up to 10 currencies. There’s also no international transaction fee with this account, unlike the Day 2 Day account which does charge this fee.

Pros

  • $0 account keeping fee
  • No minimum deposit required
  • Access to over 13,000 ATMs across the HSBC ATM network
  • Linked HSBC Visa debit card
  • Exclusive to home&away Privilege Program
  • Apple Pay and Google Pay available

Cons

  • Lack of HSBC Australia branches in Australia
  • Fees apply for overseas transactions

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other transaction accounts
  • Your reviews
  • Ask a question

Your day-to-day banking needs can be made easier when you open a transaction account with HSBC. There's no monthly account keeping fees, and you can access thousands of ATMs for free.

Details

Key details

Product Name HSBC Day to Day Transaction Account
Monthly account fee $0
Card access Visa
Own network ATM fee $0
International ATM Fee $4.50
International transaction fee 3%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay

Eligibility

Minimum Age 18
Joint account availability Yes
Minimum opening deposit N/A
Residency status Permanent Australian residents with an Australian address

Best banking and payments innovation finalist

A solid effort from HSBC, placing as a finalist in Best Banking and Payments Innovation category. HSBC’s pursuit for excellence and creativity has garnered the attention of the tech industry.

Full list of 2023 winners

Key features

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$0 Monthly account keeping fee

You pay no monthly fees for using the HSBC transaction account.

Linked Visa debit card

You will be issued a Visa debit card that is linked to your transaction account. This card can be used to make purchases in stores, online and over the phone, wherever Visa is regularly accepted.


How to apply

Eligibility

If you have decided that the HSBC Day to Day Transaction Account is the right one to take care of your banking needs, here's what you need to get started with an online application.

  • Your age. Applications from individuals aged 18 years or older are the only ones that will considered by HSBC.
  • Your residency. You must be an Australian resident or citizen with a valid residential address to apply..

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Joshua Finder

February 22, 2018

Hi Daniel,


Thanks for itemizing your questions. Let me do my best to answer them the best I can. By the way, just a friendly reminder, we can only offer general information since we are not affiliated to HSBC.


1. will the bank charge us (joint account) any fees for deposits to the day to day transaction acct over the counter?


No. You won’t be charged making deposits over the counter. Moreover, other free transactions include internet banking, EFTPOS, Bank@Post, BPAY and automated telephone banking.


2. Is each of us issued with a debit key card?


Yes, that is correct. Both of you will receive your individual debit key card.


3. Can we use internet banking separately with individual password?


Yes, you will be able to use individual passwords.


I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.


Have a wonderful day!


Cheers,

Joshua


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Sanz

September 11, 2017

Is there a minimum daily deposit in HSBC debit card


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Aster Munoz

September 12, 2017

Hello Sanz,


Thanks for reaching out to us.


For the HSBC Day to Day Transaction Account, there is no minimum deposit required and $0 monthly account fee. You can also know more information about the product through the FAQ tab.


You can click on the green ‘Go to site’ button to submit your online application.


I hope this information helps.


Let us know if there is anything else I can help you with.


Cheers,

Ash


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Aussie Teacher

May 15, 2017

I work overseas so I’m not currently living in Australia. Can I open this account online before I return to Australia in July? Or if I have to go to a branch to open it, what information will I need?


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Anndy Lou Finder

May 15, 2017

Hi there,


Thanks for your question.


To open an HSBC Day to Day Transaction Account, you must be an Australian resident or citizen with a valid residential address to apply.


If you are currently working overseas and would like to open an account before your arrival, you may compare savings accounts for expats.


Before you use any financial product, please read through its terms, conditions, and features to see if they are the right choice or not.


I hope this helps.


Cheers,

Anndy


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Zahr

November 17, 2016

Hi,


If i open the HSBC Day to Day Transaction Account , can i deposit the my money other than HSBC Cash Deposit Machine ? or Where can i deposit the money into my HSBC acc ? Thank You :)


Avatar

Anndy Lou Finder

November 17, 2016

Hi Zahr,


Thanks for your question.


You can deposit to your HSBC Day to Day account through the following means:


In person at HSBC branches

By internet banking (you must register for this service)

By phone banking (you must register for this service)

By direct credit

By direct deposit such as from your salary

By Bank@PostTM


Cheers,

Anndy


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Chris

November 06, 2016

Hi,

I make a lot of purchases from companies based overseas (ie. the US) where my payment is changed into US Dollars mid-transaction would I charged a fee for this and if so how much?


Avatar

Anndy Lou Finder

November 06, 2016

Hi Chris,


Thanks for your question.


If you use your HSBC Day to Day Transaction Account Visa debit card to shop online on a website that uses a currency other than AUD, you will be charged 3.00% of the Australian dollar amount for the service. The Visa exchange rate will be used.


Cheers,

Anndy


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