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HSBC Day to Day Transaction Account

Shirley Liu
Shirley Liu
Last updated:  

Get $0 monthly account keeping fee with no minimum deposit

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.

$0

Account keeping fee

$0

ATM withdrawal fee

$4.5

Overseas ATM withdrawal fee

3%

Overseas transaction fee

of transaction value

Details

Product NameHSBC Day to Day Transaction Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
Internatonal ATM Fee$4.50
International transaction fee3%
Monthly deposit required to waive account feeN/A

Expert review

Shirley Liu

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

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.

Key features

$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..

FAQ

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11 Comments

  1. Avatarfinder Customer Care
    Joshua
    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

    Reply
  2. Default Gravatar
    Sanz
    September 12, 2017

    Is there a minimum daily deposit in HSBC debit card

    Reply
    • Default Gravatar
      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

      Reply
  3. Default Gravatar
    Aussie
    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?

    Reply
    • Avatarfinder Customer Care
      Dee
      May 16, 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 your options on this page.

      Cheers,
      Anndy

      Reply
  4. Default Gravatar
    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 :)

    Reply
    • Avatarfinder Customer Care
      Dee
      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

      Reply
  5. Default Gravatar
    Chris
    November 6, 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?

    Reply
    • Avatarfinder Customer Care
      Dee
      November 7, 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

      Reply
  6. Default Gravatar
    Sue
    March 25, 2016

    Hi. I spend a lot of time overseas, and family send me money at times. Can they deposit into this account from Australia.

    Reply
    • Default Gravatar
      Harry
      March 29, 2016

      Hi Sue,

      Thanks for your question.

      Your family can deposit money into your HSBC Day to Day Transaction Account. Transferring money overseas is a service that is offered online and costs $20 to use regardless of the amount you intend to transfer. Your family will need your bank details in order to transfer money to your account.

      I hope this helps,
      Harry

      Reply
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