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HSBC Premier cash management account

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Take advantage of all the prestige perks of a Visa platinum debit card with the HSBC Premier Cash management account.

The HSBC Premier cards are part of the HSBC wealth management service. Your Premier debit card gives you access to global banking services, as well as being able to take advantage of personalised service and worldwide assistance. As a Premier debit cardholder, you can also access perks and benefits usually reserved for Platinum cardholders.

$35

Account keeping fee

$0

ATM withdrawal fee

2%

Overseas transaction fee

of transaction value

Details

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 account is suited to customers who bank with HSBC in a few different countries, as you can see all your global accounts in the one portal. There is a high monthly fee for this account, but in exchange you’ll get a dedicated HSBC Relationship Manager to help you with your personal banking.

If you’re instead looking for a simple, fee-free everyday transaction account, I’d suggest taking a look at the HSBC’s Everyday Global Account instead.

Key features

Two HSBC accounts

You can select to have your primary savings account linked to the 'Savings' or 'Credit' button for ATM access and your secondary account linked to the 'Cheque' button. This way you'll know which account is being drawn from when you pay for items.

Use your own money

You won't be racking up credit bills or incurring huge interest charges on the amounts you spend using these options. Instead, your purchases are paid for from your own money.


How to apply

You can apply for your Premier Debit card quickly and easily using the HSBC secure online enquiry form. Simply enter your details into the secure page provided and a Relationship Manager will call you at a time that is convenient for you to discuss your eligibility to become a Premier customer.

Eligibility

In order to qualify for a HSBC Premier debit card, you will need to meet a range of criteria.

You will need to have a total aggregate borrowing amount of more than $500,000 (Australian dollar equivalent) in loans with HSBC. Alternatively, you can choose to verify that you have at least $200,000 in savings or investments instead.

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2 Comments

  1. Default Gravatar
    Adrian
    May 18, 2017

    I am already a HSBC Premier card holder. I would like to know about travel insurance covered with the card on overseas trips.
    How much do I need to spend on the card to qualify and what am I covered for.
    Thanks

    • Avatarfinder Customer Care
      Harold
      May 18, 2017

      Hi Adrian,

      When you are approved for a HSBC Premier Debit card, you’re eligible for a range of complimentary insurance policies attached to your account. The International Travel Insurance include coverage on your medical expenses incurred while travelling overseas, as well as coverage on damage or loss to your personal items. You may also be covered for travel delays or even travel cancellation. If you do become involved in an accident in a rental car when you’re travelling overseas, the excess costs may also be covered under this policy. There is also a policy covering you for legal liability during your international travels.

      I hope this information has helped.

      Cheers,
      Harold

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