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HSBC Everyday Global Account

This everyday transaction account can hold 10 currencies and charges no international transaction fees. Plus, earn 2% cashback on tap and pay purchases (T&C's apply).

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.

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Alison Banney

Last Updated May 14, 2021

Account keeping fee

ATM withdrawal fee

Overseas ATM withdrawal fee

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Details

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

Minimum Age	18
Joint account availability	Yes
Minimum opening deposit	N/A

Pros

Earn 2% cashback on tap and pay purchases
Hold up to 10 currencies in the one account
No international transaction fees
No international ATM 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

Go to site More info

Review by

Alison Banney

alison.banney@finder.com

Alison Banney is the banking and superannuation editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

This account acts like a standard everyday transaction account when you’re here in Australia, and also makes a great travel debit card when you head overseas (or shop online from international sites!).

You can hold up to 10 currencies in the account, so you can load up on the currency you need before you go travelling and pay like a local when you’re there. You won’t be charged international transaction fees on purchases made overseas or online from overseas retailers which is a great benefit of the account. Even if you're not planning on going overseas any time soon, you can still save on these fees if you like to buy things from international retailers online.

Keep in mind that while HSBC won’t charge you international ATM withdrawal fees, the local ATM operator may charge its own fee. And, if you’re travelling to a country with a local currency that’s not supported with this account (for example India), the money will be converted from your AUD balance at the current Visa exchange rate on the day. So you’re unable to preload this currency when exchange rates are favourable.

When you’re not travelling, you can use the account to pay your bills, deposit your salary and make everyday purchases with the linked Visa Debit Card, Apple Pay or Google Pay. Samsung Pay isn’t available yet, but most new Samsung devices should be compatible with Google Pay.

Key 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.

Earn 2% cashback on eligible purchases

When you deposit $2,000 a month you'll be eligible to earn 2% cashback on tap and pay purchases under $100. When you meet this monthly deposit condition you'll also earn 0.4% bonus interest on your linked HSBC Everyday Savings.

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. Real time currency exchange rates will apply for certain currencies when the foreign currency (FX) market is open (excludes weekends, currency and US holidays). On weekends after currency cut-off times, a set exchange rate will apply that includes an additional weekend spread.

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.

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

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 needed

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.

Go to site More info

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104 Comments

Sandy
April 11, 2022

Can I transfer/ receive to a pay id ( mobile number or email) with this account ?

Reply
- finder Customer Care
  
  Alison
  April 25, 2022
  
  Hi Sandy,
  
  According to HSBC’s page, it isn’t available yet but they are currently working to make PayID available to their customers.
  
  Regards,
  Alison
  
  Reply
Vanessa
March 16, 2022

Regarding the $2000 deposit monthly to receive the cashback and the $100 bonus, does it need to be just one deposit of $2000 or different deposits would work as well?

Reply
- finder Customer Care
  
  Alison
  May 1, 2022
  
  Hi Vanessa,
  
  The $2,000 can be a series of deposits or just one large deposit. As long as the combined deposits would be $2,000 or more, you should be able to receive the bonuses.
  
  Regards,
  Alison
  
  Reply
Dan
March 4, 2022

If I have a relative in South Africa can I pay funds into their HSBC account in Australia

Reply
- finder Customer Care
  
  Alison
  March 7, 2022
  
  Hi Dan,
  
  Yes, you can. It’s worth noting that when transferring funds from HSBC Australia to another HSBC account overseas in the currency of the receiving country, the funds will generally be available the same business day, depending on what time of day the transfer is made.
  
  Best,
  Alison
  
  Reply
Jay
February 25, 2022

When I am not travelling would I be able to use this card or the linked Visa Debit Card to withdraw cash at any ATM within Australia?

Reply
- finder Customer Care
  
  Alison
  March 7, 2022
  
  Hi Jay,
  
  Yes, you can definitely use it domestically. It’s worth noting that other ATM fees charged by the local operator may still apply.
  
  Best,
  Alison
  
  Reply
Andrea
February 16, 2022

Hi! I am overseas (Argentina) and planning to move to Australia. My future husband is living there (Citizen). I wonder if its possible to open an account in order to send my savings to Australia. Could I open it while overseas or its best to do it while arrived? I need to do it ASAP. What are the requirements? Thank you!!

Reply
- finder Customer Care
  
  Alison
  February 26, 2022
  
  Hi Andrea,
  
  According to HSBC international page, you can select your current location and where you would like to open an overseas account. Then, they will tell you the best way for you to apply. Eligibility criteria will differ depending on where you open an account. They will give you this information when you begin the application. They will also ask you to verify your identity with the necessary documentation. Make sure to review their Product Disclosure Statements and Terms & Conditions for more details.
  
  Best,
  Alison
  
  Reply

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