Why an HSBC Premier Account is the right fit for your international needs

As the economy of Malaysia moves forward, we can observe a change in the socio-economic advancement of the people, where the emerging prosperous group gradually moves up into the well-off classification.

When this occurs, there is a significant change in the lifestyle preferences of this demographic, leading to a desire to engage in overseas experiences such as work, education, or leisure activities. This is when the demand for international banking services among these customers begins to emerge.

The primary demand from clients to their global banking suppliers is quite similar to what they anticipate from their local banking facilities – they require their banking services to be swift and dependable, as well as simple to reach and without any significant difficulties. The primary obstacle for most suppliers is attaining the necessary assets to furnish these services on a worldwide level, while keeping customer convenience as their top priority.

Linda Yip, the top executive of Wealth and Personal Banking division, in HSBC Malaysia

That's why we firmly believe that the special advantages provided by HSBC Premier are perfect for customers who have a global outlook. Here are a few of the benefits that our HSBC Premier customers delight in:

Premier Status: Globally Recognized

HSBC ranks among the greatest banking and financial service establishments worldwide. We cater to roughly 39 million individuals, spread across 62 countries and regions spanning Europe, Asia, the Middle East and Africa, North America, and Latin America. In essence, being a Premier customer in Malaysia permits you to establish an account and relish the same perks of being a Premier customer at any HSBC bank in Hong Kong, the United Kingdom, Australia, or any other country where HSBC operates. Think of it as possessing an extra passport granting you entry to all your Premier banking necessities.

Pre-arrival Assistance For Opening Overseas Accounts

Customers who are part of HSBC Premier have the opportunity to establish a bank account in more than 30 different locations, including countries such as Australia, Hong Kong, India, Indonesia, the United Kingdom, Singapore, the United States, and Vietnam, even before they actually go to these countries. This means that their bank account and debit card will be prepared and arranged for them prior to their arrival in the chosen country. This service is particularly advantageous for parents whose children are studying abroad. In fact, an HSBC Premier customer can open a bank account in the United Kingdom for their child who is studying there, right here in Malaysia. Additionally, HSBC Premier customers can choose to extend their Premier status to their spouse and up to two children between the ages of 18 and 28. This means that their children who are studying in the United Kingdom can enjoy the same Premier benefits that their parents have in Malaysia.

Easy Global Transfers With HSBC Premier Global Account. No Fees Between HSBC Accounts

The HSBC Premier Everyday Global Account (EGA) is a versatile account that can hold multiple currencies. It includes 10 foreign currencies (Australian Dollar, Euro, Hong Kong Dollar, Saudi Riyal, Japanese Yen, United States Dollar, Great Britain Pound, Singapore Dollar, Canadian Dollar, and New Zealand Dollar) as well as the Malaysian Ringgit. This means that HSBC Premier customers can access competitive exchange rates in real-time for these currencies. The EGA is also ideal for international travel since HSBC Premier customers can use the HSBC Premier Everyday Global VISA Debit Card to make purchases in local currencies (as long as it's one of the 11 supported currencies of the EGA) without paying transaction fees3. Additionally, Premier account holders can withdraw cash from HSBC Group's ATM (GATS) network without incurring any ATM withdrawal fees3. This network is available in over 25 countries, including the USA, Australia, Hong Kong, Singapore, China, and India.

The EGA can be a handy resource for saving money in the long run, allowing individuals to purchase and store different currencies. This is particularly beneficial for parents who are putting money aside for their child's education abroad. To illustrate, parents whose children are studying in the UK or Australia can acquire British Pounds or Australian Dollars when the exchange rate is more favorable to them, and set it aside for their child's future educational expenditures.

In addition, using our Global Transfers service, HSBC Premier clients can send money right away without any charges to their personal or other HSBC accounts in 21 nations around the world, such as the United Kingdom, Australia, the United Arab Emirates, Singapore, India, and many others.

Creating A Strong Investment Portfolio

By having a dedicated Premier Relationship Manager and being able to consult with a team of wealth experts, you can effectively manage and expand your wealth investments on a global level. Our comprehensive wealth portfolio service offers valuable insights on potential risks in various key asset classes, while our experienced investment specialists offer their expertise to identify emerging trends and provide a long-term perspective to assist you in constructing your optimal investment portfolio. Additionally, we provide the option to establish a wealth portfolio in various offshore locations, such as Singapore, Hong Kong, and the Channel Islands- specifically Jersey. These three wealth management hubs are highly favored by our international clients.

Moreover, HSBC Premier clients have the privilege of obtaining real-time currency exchange rates at preferential prices. They can also conveniently monitor their combined wealth portfolio through Wealth on Mobile, a fresh wealth management tool available on the HSBC Mobile App. This remarkable feature allows HSBC Premier customers to access and keep track of their unit trusts, structured investments, bonds/sukuk, and dual currency investments with HSBC, all from the convenience of their mobile devices.

Ideal Solution For Global Banking

At HSBC, our ability to connect people internationally is what sets us apart. Our extensive worldwide banking network is available to fulfill your banking requirements not only locally, but also on a global scale. With our longstanding presence of nearly 140 years in Malaysia, we take great pride in safeguarding wealth for future generations. Our mission is to provide our customers with endless possibilities, and we are excited to join you on your international endeavors.

If you need further details, kindly go to the website www.hsbc.com.my/ega1

This blog post is provided by HSBC Bank Malaysia Berhad. The HSBC Premier Everyday Global Account is insured by PIDM for up to RM250,000 per depositor. Please note that the approval of the host country/region is required for this account. To be eligible for the HSBC Premier Everyday Global Account, the Primary HSBC Premier customer from the Premier Family must meet the criteria listed on www.hsbc.com.my/premier. If the customer fails to meet any of the criteria, a monthly account fee of RM150 (plus applicable tax, if any) will be charged. The HSBC Premier Everyday Global VISA Debit Card can be used for retail purchases, online shopping, and cash withdrawals in supported currencies only. There is also a promotion for new customers to HSBC Premier, where a maximum placement of RM200,000 can be made in a Time/Term Deposit or Time/Term Deposit-i within the specified period. Additionally, there is a Premier Wealth Bundle promotion for new customers, which requires a minimum placement amount and investment amount in Wealth Products. Please note that Unit Trusts and Structured Investments are not protected by PIDM and investment returns, capital repayment, and distribution payouts are not guaranteed. For full terms and conditions, please visit www.hsbc.com.my/ega1.