Foreign Currency Savings Accounts

HSBC Foreign Currency Account

HSBC's Foreign Currency Savings Account earns competitive rates of interest and provides a convenient way to save in another currency in Australia.

Main Features of the Foreign Currency Account

• Available in major foreign currencies and other currencies may be accepted by arrangement
• Competitive interest rates

Access to the Foreign Currency Account

Withdrawals and currency conversions between accounts may be made as follows:

• Disposal instructions in person
• By using Telephone Banking
• Contacting branch by telephone, facsimile or letter^*

You may make an unrestricted number of withdrawals in the following manner:

• In Australian dollars
• In the form of telegraphic transfers
• In demand drafts (bank cheques)

Cash withdrawals in the currency of the account are restricted to US Dollar and Hong Kong dollar Accounts and are subject to ceilings of USD1,000 and HKD10,000 respectively unless you give the HSBC 24 hours advance notice.

Deposits to a Foreign Currency Savings Account may be made as follows:

• In person at HSBC Branches
• By periodic payment from another account with us
• By Telephone Banking
• By Internet Banking

Cash deposits can also be made in Hong Kong dollars or US dollars, but the deposits must be notes only and must be in multiples of 10 dollars.

If any deposit is made in a currency different from the currency of the account a currency conversion will be made to convert the funds deposited to the currency of the account. A currency conversion fee may apply.

Foreign Currency Account Interest

The interest rate is variable with different rates applying to different account balances. Rates may change at any time and current rates are available by ringing 1300 308 880 or click here.

• Interest is credited monthly in arrears.
• Interest is credited to your account.

Open a Foreign Currency Savings Account

• Visit your local HSBC branch
• Complete an application form and a Verify your Identity (S21) form and send it to us.
• Call us on 1300 308 880

Call 1300 308 880 (Monday to Friday, 8am to 8pm)