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.
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!
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.
- 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
- 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.
- 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.