HSBC Everyday Global Account

HSBC Everyday Global Account

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Account Keeping Fee

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A handy everyday transaction account at home and the perfect travel debit card when overseas.

  • Hold up to 10 currencies in the one account
  • No international transaction fees
  • No international ATM fees
  • No account-keeping fees

Product details

The HSBC Everyday Global Account is an everyday transaction account, multi-currency account and travel debit card all in one. You can use it in Australia to deposit your salary, pay bills and make daily purchases like a regular bank account. Or take it with you when travelling and hold up to 10 currencies, plus pay no international transaction fees, no account-keeping fees and no international ATM fees.

Read on to learn more about the features of this unique everyday transaction account and travel debit card.


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Use the linked Visa debit card when travelling overseas to enjoy fee-free ATM withdrawals and make fee-free international purchases in the local currency. No need to open a new travel account just for your trip!

Product Name
HSBC Everyday Global Account
Monthly Account Fee
$0
Debit Card Access
Visa
ATM Withdrawal Fee
$0
Interest Rate p.a.
0.00%
Fee Free Deposit p.m.
$0
Overseas ATM Withdrawal Fee
$0
Overseas Eftpos Fee
$0
Phone Banking
Yes
Fees
$0
Internet Banking
Yes

The HSBC Everyday Global Account boasts the following features:

An everyday transaction account and travel debit card in one

This account is not just for travellers, but designed as an everyday transaction account to use at home in Australia too. Use the account to pay bills and make daily purchases in-store or online, just like you would with a regular bank account.

Linked Visa Debit card

This account comes with a free linked Visa Debit card which you can use in-store or online wherever Visa is accepted around the world.

Hold up to 10 currencies

You can hold up to 10 different currencies in the account, including AUD, USD, EUR, SGD, NZD, JPY GBP, CAD, HKD and CNY (currency restrictions apply). Load up on the currencies when the exchange rate is favourable, and then use the currencies when travelling without the need for currency conversion.

Pay like a local overseas with no international transaction fees

You won’t have to pay international transaction fees when using your debit card overseas. Plus, you can use the card when you're at home to shop online from overseas stores while still avoiding this fee. On a standard transaction account, you could expect to pay an international transaction fee of 3.00%.

No international ATM fees

Because you’ve already got the foreign currency loaded in your account, when you’re travelling in a country that supports that currency, you can simply withdraw cash from ATMs without paying an international transaction fee. However, note that other ATM fees charged by the local operator may still apply.

Withdraw cash overseas, even when you don't hold that currency in your account

If you're travelling in a country that doesn't use on of the 10 supported currencies, don't worry, you can still access cash in the local currency. Use your debit card at international ATMs to withdraw the local currency, and it'll be withdrawn from your AUD balance and converted at the current Visa exchange rate. Easy!

Access competitive currency exchange rates

When you use an ATM or make a transaction overseas, funds will automatically be debited in that country’s currency, providing you hold that country’s currency in your account. There’s no extra step where funds are converted from Australian dollars into the local currency, so you don’t lose out if the exchange rate is less than favourable at the time of your transaction. Where you don’t have sufficient funds in that currency or don’t hold that currency, the funds will be automatically converted from Australian dollars into the local currency at the current Visa exchange rate.

No pesky account-keeping fees

You won’t be charged any monthly account-keeping fees with this account.

Instant online transfers between currencies

You can transfer money between currencies instantly online via Internet banking or the mobile app. However, this can only be done between 8:00am Monday to 11:59pm Friday (AEST), and excludes public, currency and US holidays).

Deposit foreign notes into the account

You can deposit foreign currency notes into the account at a HSBC branch. For physical note handling, you'll be charged a fee of 1.25% of the amount you're depositing (minimum charge of $20). You can deposit local coins to the value of $100 or more, and will be charge 2% of the transaction value.

Correct currency automatically applied to transactions

You don’t have to worry about remembering to switch between currencies. The correct international currency will be applied automatically when withdrawing cash or making deposits. This is also the case for online transactions and BPAY transactions.

Apple Pay and Google Pay available

Use Apple Pay or Google Pay to make contactless purchases in-store without using your physical debit card.

Pros

  • Hold up to 10 currencies in the one account
  • No international transaction fees
  • No international ATM fees
  • No account-keeping fees
  • Apple Pay and Google Pay available

Cons

  • You can only pre-load up to 10 currencies
  • Fees apply to deposit local coins or foreign currency notes into the account

How to apply

If you think this is the account for you, you can easily apply online in less than 10 minutes. Check that you meet the eligibility requirements first, and make sure you have the necessary documents handy.

Eligibility to apply

  • Minimum age. The minimum age requirement for this account is 18 years of age.
  • Residency requirement. In order to be eligible for this account, you must have an Australian residential address.
  • Depository requirements. There is no minimum requirement for your initial deposit and you will not have to maintain a monthly balance in order for the account to remain active.

Documentation required

  • Tax file number. You are under no obligation to provide your tax file number (TFN), but if you don’t, withholding tax will be deducted at the highest marginal rate.
  • Identification. HSBC will verify your identity online by using information found on your driver’s licence or passport.

What happens after I submit my application?

After submitting your application, the information provided will be verified by HSBC, and you’ll be given the details of the account. You’ll be sent your Visa Debit card in the mail to your residential address.

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59 Responses

  1. Default Gravatar
    OliviaApril 28, 2019

    I am planning to study in the UK for a year from September 2019, and I am wondering whether is it is worth trying to open a UK HSBC account or stick with the Everyday Global Account?

    • Avatarfinder Customer Care
      JhezApril 28, 2019Staff

      Hi Olivia,

      Thank you for your comment.

      Please be advised that the HSBC Everyday Global Account can also be used in the UK. You can use it without opening a UK bank account (HSBC). However, you can also make use of the reviews from other international Students in the UK about their banking practices and get some ideas if opening a UK bank account is necessary and worth it.

      Regards,
      Jhezelyn

  2. Default Gravatar
    aliarayneApril 16, 2019

    I am a student from the United States, planning on attending uni in Australia. I would like to have an account open before I get there to make the transition easier. Can I open an account from the US and have it ready for me when I get there, or should I look at a different bank? (Also any recommendations or advice for studying abroad would be appreciated)

    • Avatarfinder Customer Care
      JeniApril 17, 2019Staff

      Hi Aliarayne,

      Thank you for getting in touch with Finder.

      In most cases, you need an Australian residential address to open this account. However, if you live in a country that has HSBC bank branches, you can visit a local branch and a specialist will be able to assist you in opening this account prior to your arrival in Australia. This HSBC account you’re currently looking at allows you to hold up to 10 currencies at once. To find out your other savings account options, please visit this page. Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.

      You may use this page as guide on studying in Australia.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  3. Default Gravatar
    stevenMarch 28, 2019

    Is there a travel Visa card that I can find in Australia that I can use in mainland China?

    • Avatarfinder Customer Care
      JeniMarch 30, 2019Staff

      Hi Steven,

      Thank you for getting in touch with Finder.

      This HSBC Everyday Global debit card you’re currently looking at can be used in mainland China. If you’re looking for a prepaid travel card that can be used in mainland China, please check out this page. The first tab in the comparison table has the list of prepaid travel money cards that you may use in China. Once you have decided which to go with, you may click on the green go to site button to be redirected to the provider’s official page to learn more on their travel money cards or even start applying online. Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    AngeMarch 16, 2019

    Is one of the available currencies the Indonesian Rupiah?

    • Avatarfinder Customer Care
      AshMarch 17, 2019Staff

      Hi Ange,

      Thank you for contacting Finder.

      Unfortunately, Indonesian Rupiah is not included in the 10 currencies that HSBC Everyday Global Account can hold. The 10 currencies are the following:

      *Australian Dollars (AUD$)
      *United States Dollars (USD$)
      *Great Britain Pound Sterling (GBP£)
      *Euro (EUR€)
      *Hong Kong Dollars (HKD$)
      *Canadian Dollars (CAD$)
      *Japanese Yen (JPY)
      *New Zealand Dollars (NZD$)
      *Singapore Dollars (SGD$)
      *Renminbi (RMB¥)

      I hope this helps.

      Please do not hesitate to reach out again to us if you have other questions.

      Cheers,
      Ash

  5. Default Gravatar
    March 12, 2019

    If someone in the UK was to deposit GBP into my GBP account, will the deposit treated as a local bank to bank transfer, or would it be a international transfer that incur fees?

    • Avatarfinder Customer Care
      NikkiMarch 13, 2019Staff

      Hi Ryo,

      Thanks for getting in touch! Any transfer made from one foreign country to another whether it’s the same or different currency is considered an international money transfer. Hope this helps!

      Best,
      Nikki

  6. Default Gravatar
    IvoMarch 6, 2019

    Can I transfer foreign currency eg. EUR from my another account in Australia or direct to HSBC account overseas payments?

    • Avatarfinder Customer Care
      NikkiMarch 7, 2019Staff

      Hi Ivo,

      Thanks for getting in touch! You can transfer foreign currency from your other Australian account if your other account allows transfer to the HSBC Everyday Global account. Otherwise, you’d have to directly transfer funds from an HSBC facility – as it says on the page – You need to deposit foreign currency notes into the account at an HSBC branch. For physical note handling, you’ll be charged a fee of 1.25% of the amount you’re depositing (minimum charge of $20). You can deposit local coins to the value of $100 or more, and will be charged 2% of the transaction value.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

  7. Default Gravatar
    KylieMarch 3, 2019

    Hi,

    My 18 yr old is going travelling through Europe. Does she need to deposit a minimum monthly amount? Does HSBC have a lot of ATM’s handy in Europe? If so, how do I find them? Where is the list of 10 countries that she can select from?

    Thanks in advance

    • Avatarfinder Customer Care
      JeniMarch 4, 2019Staff

      Hi Kylie,

      Thank you for getting in touch with Finder.

      This HSBC Everyday Global account has no minimum requirement for your initial deposit. You may visit HSBC’s official page of the country you’re staying to help you find the nearest HSBC ATM. Currencies that HSBC Everyday Global account hold are AUD, USD, EUR, SGD, NZD, JPY GBP, CAD, HKD and CNY.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  8. Default Gravatar
    NickFebruary 28, 2019

    Hello.
    My recent question wasn’t really answered.
    I wanted to know what banks’ ATMs can i use in Australia with this card WITHOUT PAYING A FEE ??

    • Avatarfinder Customer Care
      NikkiMarch 1, 2019Staff

      Hi Nick,

      Thanks for getting in touch! You can use any HSBC atm and any other atm and HSBC won’t charge you a withdrawal fee however it’s important to know that if you withdraw from another bank’s ATM you will be charged by the bank you’re withdrawing from and the fee will depend on how much they charge for using their ATM to withdraw funds. Hope this clarifies!

      Best,
      Nikki

  9. Default Gravatar
    DrJanuary 30, 2019

    To whom this may concern,
    If I apply for a HSBC everyday global account I’m currently residing in Arkansas for 7 months what’s the eta of card reaching my home address IN OZ and what are the atm symbols I can use here in the states. The NAB transfer fees and foreign currency fees are kicking me hard. Thank you for your time and response.

    • Avatarfinder Customer Care
      JohnJanuary 31, 2019Staff

      Hi Dr. Alicia,

      Thank you for reaching out to finder.

      If you’re approved for a new credit card, most companies say that your card will arrive within seven to 10 business days. That’s just an estimate and consumers usually don’t have to wait that long to get their credit cards. In many cases, you can receive your new card in the mail in five business days or less. For the ATM symbols, you may use any ATM with a VISA logo on it. Hope this helps!

      Cheers,
      Reggie

  10. Default Gravatar
    JimJanuary 21, 2019

    Are the debit card transactions charged a foreign currency conversion fee if you use it any other country outside those 10 e.g. India, Sri Lanka etc?

    • Avatarfinder Customer Care
      JeniJanuary 22, 2019Staff

      Hi Jim,

      Thank you for getting in touch with finder.

      This HSBC Everyday Global account does not charge international transaction fees. You can use its debit card or withdraw in currencies other than the 10 currencies mentioned by deducting the transaction amount from your AUD balance and automatically converting it into the local currency at the VISA exchange rate. Please make sure you withdraw in an HSBC ATM otherwise other ATM fees charged by the local operator may still apply.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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