Just because you’ve moved abroad, it doesn’t mean your life stops back home – get your finances sorted wherever you are with these nifty international banking services
Some of you might find this routine familiar: one week you’re hot-desking it in Singapore and the next, you find yourself jetting off to another city for a major pow-wow before stopping on home turf for quality time with the folks over the weekend. Singapore may be home base for many expats working here and for some, the constant shuttle between cities means having to deal with the nitty gritty of currency exchange and multiple personal banking accounts both in Singapore and elsewhere.
Fun, new experiences are part and parcel of the global citizen life, and so is managing your finances in Singapore and beyond. Cue HSBC’s international financial management expertise that will help ease the hassle of juggling several accounts and overseas transactions – all you need is a multi-currency savings account. Here are some great reasons why you should sign up for one, minus the complicated financial jargon.
Easy international transfers anytime, anywhere
With access to up to 11 different currencies, you can make instant transfers to your other HSBC accounts anywhere! HSBC’s multi-currency savings account also hooks you up with live foreign exchange service Online GetRate, so you’ll get a real-time quote during foreign currency transfers through personal internet banking. Don’t worry if you’re juggling different accounts from other banks as well; the HSBC’s Worldwide Transfers service allows transfers to other non-HSBC accounts globally.
When to use it for: Paying your mortgage and bills back home without fuss, as its combined Global Transfers services has a generous single transfer limit that lets you move large amounts between your other HSBC accounts.
A savings account that’s all-in-one
Stringent online banking security processes are a necessary preventive measure against identity theft, but they also make logging on to your multiple accounts slightly more troublesome. With a multi-currency savings account, you can view all of your linked local and overseas HSBC accounts from a grand total of 29 countries, all in a single screen!
When to use it for: Managing your cash whenever you’re out of town, without having to work out the conversion rates between your different savings accounts.
Live updates on the best foreign exchange rates
HSBC’s FX Order Watch service, available to HSBC Advance customers here, is a handy tool that gives you the option of setting your own target foreign exchange rate for an automatic funds conversion within your banking accounts. A stickler for live updates? The service also allows you to monitor live streams all day, at 5.5 days a week, with free SMS and/or email notifications on the latest rate alerts – so you won’t miss a thing.
When to use it for: Be the first to snag the best exchange rates, whether you’re planning for a holiday or simply just heading home to your fam.
Live a fuss-free double expat life by opening a multi-currency savings and HSBC Advance account now, and receive an $80 cash credit.
Do you already have a multi currency savings account? Then you might want to start building that nest egg no matter where you are with long term retirement planning complete with global funds and worldwide insurance coverage. More information here.
HSBC Advance provides comprehensive wealth management and personal lending solutions, to help you achieve your ambitions. These include banking services like credit cards, loans, investment, insurance, as well as preferential offers and privileges for HSBC Advance customers. For more information about HSBC Advance, click here.
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
This article is sponsored by HSBC Advance