Foreign Currency Bonus Savings | No Monthly Fee

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Bank Accounts
HSBC Foreign Currency Bonus Savings

Bank globally with the savings account from home

With the HSBC Foreign Currency Bonus Savings Account, you're on your way to your next adventure. Save in 9 major currencies and you'll be rewarded for saving, by earning bonus interest each month you meet the minimum balance increase.

Get started

Earn a monthly variable bonus interest rate on selected currencies when you top up your account with the minimum amount each month[@no-interest-incurred].

Grow your savings every month - you'll still earn our competitive standard variable interest rate if you happen to miss out on the bonus rate.

Keep on top of the market with competitive exchange rates for selected currencies, available via online or mobile banking.

Enjoy zero monthly account fees and no minimum balance requirements so you can start on your savings journey at any time.

Interest rates and account requirements

Find out how much to top up per month to get bonus interest, the maximum amount that you can have in your account and earn interest, and our interest rates per currency.
Currency	Minimum top up per month	Maximum amount	Standard variable rate	Monthly bonus variable rate (includes standard variable rate)	Foreign currency day count conventions*
United States dollar	$300	$5,000,000	0.50% p.a.	2.50% p.a.	360
Euro	€300	€4,000,000	0.50% p.a.	2.50% p.a.	360
British pound	£250	£3,500,000	0.50% p.a.	2.50% p.a.	365
Hong Kong dollar	$2,500	$40,000,000	0.50% p.a.	2.50% p.a.	365
Singapore dollar	$350	$6,200,000	0.50% p.a.	2.50% p.a.	365
Canadian dollar	$300	$5,000,000	0.50% p.a.	2.50% p.a.	360
New Zealand dollar	$350	$6,000,000	0.50% p.a.	2.50% p.a.	365
Japanese yen	¥30,000	¥500,000,000	0.01% p.a.	0.25% p.a.	360
Chinese yuan renminbi	¥2,000	¥35,000,000	0.50% p.a.	2.50% p.a.	360

Find out how much to top up per month to get bonus interest, the maximum amount that you can have in your account and earn interest, and our interest rates per currency.
Currency	United States dollar
Minimum top up per month	$300
Maximum amount	$5,000,000
Standard variable rate	0.50% p.a.
Monthly bonus variable rate (includes standard variable rate)	2.50% p.a.
Foreign currency day count conventions*	360

Currency	Euro
Minimum top up per month	€300
Maximum amount	€4,000,000
Standard variable rate	0.50% p.a.
Monthly bonus variable rate (includes standard variable rate)	2.50% p.a.
Foreign currency day count conventions*	360

Currency	British pound
Minimum top up per month	£250
Maximum amount	£3,500,000
Standard variable rate	0.50% p.a.
Monthly bonus variable rate (includes standard variable rate)	2.50% p.a.
Foreign currency day count conventions*	365

Currency	Hong Kong dollar
Minimum top up per month	$2,500
Maximum amount	$40,000,000
Standard variable rate	0.50% p.a.
Monthly bonus variable rate (includes standard variable rate)	2.50% p.a.
Foreign currency day count conventions*	365

Currency	Singapore dollar
Minimum top up per month	$350
Maximum amount	$6,200,000
Standard variable rate	0.50% p.a.
Monthly bonus variable rate (includes standard variable rate)	2.50% p.a.
Foreign currency day count conventions*	365

Currency	Canadian dollar
Minimum top up per month	$300
Maximum amount	$5,000,000
Standard variable rate	0.50% p.a.
Monthly bonus variable rate (includes standard variable rate)	2.50% p.a.
Foreign currency day count conventions*	360

Currency	New Zealand dollar
Minimum top up per month	$350
Maximum amount	$6,000,000
Standard variable rate	0.50% p.a.
Monthly bonus variable rate (includes standard variable rate)	2.50% p.a.
Foreign currency day count conventions*	365

Currency	Japanese yen
Minimum top up per month	¥30,000
Maximum amount	¥500,000,000
Standard variable rate	0.01% p.a.
Monthly bonus variable rate (includes standard variable rate)	0.25% p.a.
Foreign currency day count conventions*	360

Currency	Chinese yuan renminbi
Minimum top up per month	¥2,000
Maximum amount	¥35,000,000
Standard variable rate	0.50% p.a.
Monthly bonus variable rate (includes standard variable rate)	2.50% p.a.
Foreign currency day count conventions*	360

Variable rates are current as of 7 April 2025. Please note that currency restrictions apply for Chinese yuan.

*The interest on foreign currency deposits is calculated on a 360 or 365 day basis. This is referred to as the day-count convention.

What you need to know

Are you eligible?

To open an HSBC Foreign Currency Bonus Savings Account, you'll need to:

Be at least 16 years old
Have a passport or an Australian driver's licence
Have an Australian residential address

Account fees

There are no monthly account fees for this account, or phone banking fees.

Please note that some online banking services may charge a fee. Check our personal banking booklet for more information.

Available currencies

Make the most of currency movements as they occur with competitive HSBC exchange rates, whether you're transferring to your own HSBC Australia accounts or making international transfers.

USD and HKD currency note transactions are only available at selected HSBC Branches[@accounts-usd-hkd-cash]. Please give the branch 24 hours' notice for USD and HKD cash withdrawals, and we’ll do our best to make this available, however, it's subject to branch availability. To find out more please call us on 1300 308 008.

Monthly bonus interest

To receive the monthly bonus interest, the closing account balance for the month must have increased by an amount greater than the applicable minimum monthly top up amount (listed in the table above) when compared to the opening balance for the month.

Please note:

The minimum increase doesn't include any interest paid into the account in that month.
Where eligibility has been established during the month, the bonus interest will be calculated daily on the account from the first working day of that month.
Interest is calculated daily and paid monthly, eligible on balances up to the applicable foreign currency amount listed below.
If you miss out on receiving your monthly bonus, you will still receive the variable base rate. The monthly bonus resets every month so you will have the opportunity to qualify again during the following month.

Ready to get started?

New to HSBC

If you've never banked with us before, you can leave us your details and we'll get back to you soon about your HSBC Foreign Currency Bonus Savings Account.

Leave your details

Existing HSBC customer

If you already bank with us, you can apply via HSBC Online Banking.

Log on and apply

If you need additional support with your application, please call us on 1300 131 605 (Monday to Friday, 8:00am to 8:00pm AEST) or visit your local branch.

A steady way to let your money work for you when you get a fixed rate term deposit in major foreign currencies.

A straightforward way to get your savings going.

Easy banking at home and overseas with an all-in-one, award-winning account.

Important information

This advertisement provides general advice only and doesn't take into account your objectives, financial situations, or needs. Please check the Transaction and Savings Accounts Terms and Conditions (PDF, 1.9MB) and Financial Services Guide (PDF, 894KB) before you get this product. You can also get this information by calling us on 1300 308 008, visiting your local branch, or going to www.hsbc.com.au. Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL 232595. See Target Market Determinations for our products.

Your funds transfer to the recipient bank account may take longer depending on the currency you send, correspondent bank clearing times and regulations and controls of the receiving country or region. Incorrect or incomplete recipient details can also result in payment delays or mistaken payments, so it's important to check these details before confirming a transfer.

For international transfers via online banking, you can choose to either have the recipient pay the correspondent bank fees by deducting the fees from the transfer amount before payment to the receiving bank, or you can pay HSBC an upfront Correspondent Bank Cover Fee of AUD30 to cover these additional fees.

For Global Money Transfers through the HSBC Australia Mobile Banking app, for select countries and regions there's usually no correspondent bank fee to HSBC customers for transfers in the local or supported currency. When a correspondent bank fee applies, you will see "AUD30 fee" displayed before you complete the transfer. You will also see the estimated arrival time of the funds with the receiving bank.

Currency cut-off times do not apply to International Transfers made via mobile banking, but may apply to some International Transfers made via online banking where your payment would be processed on the next business day. Please see our Personal Banking Booklet.

Foreign exchange transactions are subject to risk associated with exchange rate movements. When the foreign exchange market is closed on weekends (from the US market closing time on Friday to the Asia market opening time on Monday), HSBC exchange rates will include an additional weekend risk margin to cover any market volatility risk. HSBC accounts should not be used for speculative foreign exchange purposes.

Foreign Currency Bonus Savings Account

Bank globally with the savings account from home

What you'll get with an HSBC Foreign Currency Bonus Savings Account

Bonus interest

Get interest paid every month

Competitive exchange rates

Zero monthly account fees

Interest rates and account requirements

What you need to know

Are you eligible?

Good to know

Important documents

Ready to get started?

New to HSBC

Existing HSBC customer

Other ways to apply

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