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A woman checking mobile in a living room; image used for HSBC Australia getting on top of your finances.

Guidance for financial wellbeing for the new financial year

Six tips to get on top of your finances

1. If you haven't already, download the ATO app.

It's got everything you need to help you keep on top of your tax with handy calculators and tools. It's the ideal way to set yourself up, so you’ll be ready next year when tax time comes around.

2. Go cashless

It’s the simple way to have a complete digital record of your spending. Pay with your debit or credit card using Apple Pay or Google PayTM.1 Transfer money and set up ongoing direct debits via Move Money in HSBC Online Banking. 

3. If you're looking to start saving, set up different savings accounts so you can best meet your goals.

It's a good idea to set up an'emergency fund', for those unexpected expenses. So look for an account that gives you the flexibility to save but access your funds when you need them. With the HSBC Bonus Savings account Monthly Bonus2, this could be the account for you.

You should also consider opening an account to save for a longer term goal, such as a new car, small renovation, or a well-deserved holiday. The HSBC Everyday Savings account will pay an introductory rate of interest for the first 3 months3. This may be the perfect account for you to start saving for your next goal.

Find out more View HSBC Australia Compare saving accounts

4. Check you are making the most of your everyday bank account.

Did you know that you can get 2% cashback4  on your eligible everyday spend with the HSBC Everyday Global Account. Every bit you save now helps you on your road to being a Financial Wellbeing.

Find out more View HSBC Australia Everyday global account

5. Consider investing in shares.

This could be daunting if you are unfamiliar with the stock market however there are lots of tools and investment options open to you, including investing in Exchange Traded Funds and Managed Funds, so you can feel confident in diversifying your investments across different asset classes, industries and regions across the globe. With HSBC’s Online Share Trading you can get access to complimentary research, trading ideas and technical insights. You can also link your HSBC Deposit Account to earn interest and trade instantly5. And be ready for your next tax return with a complimentary End of Financial Year report. 

Find out more View HSBC Australia Share Tading

6. To stay up to date and manage your finances, ensure you have the HSBC Mobile Banking app.

It's been created to let you manage all your banking needs on the go, simply and securely. The Mobile App ensures you have banking at your fingertips and the peace of mind that you can access your accounts, 24 hours a day, 7 days a week.If you haven't already, download it now on your device or you can learn more about the app here.

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Download The new HSBC Australia Mobile Banking app on the App Store
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Download The new HSBC Australia Mobile Banking app on Google Play

Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.,registered in the U.S. and other countries. Google Play and the Google Play logo are trademarks of Google LLC.

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Terms and Conditions  

  1. Terms and conditions apply to the use of Apple Pay and Google Pay. Excludes HSBC Corporate Cards.
  2. No interest is incurred on the portion of balances over AUD $5,000,000 or equivalent. Ensure that on the last business day of the month, your closing balance is at least $300 higher (excluding interest) than the opening balance on the first business day of that month. Both the monthly Bonus rate and the base rate are variable and are subject to change. Current rates can be viewed by visiting hsbc.com.au/accounts/savings/ Monthly Bonus rate applies for the month the eligibility criteria is met, calculated from the first business day of that month. Interest is calculated daily on the total balance and paid monthly, on the first business day of the following month.
  3. No interest is payable for balances over $1,000,000. Introductory offer will only be applied to your first HSBC Everyday Savings account opened with HSBC or if your previous HSBC Everyday Savings account was closed more than 12 months ago. After the introductory period, the ongoing standard variable interest rate applies. Both introductory and standard rate are variable and are subject to change at any time. Current rates can be viewed by visiting hsbc.com.au/accounts/savings/ . Interest is calculated daily on the total balance and paid monthly, on the first business day of the following month. Maximum one HSBC Everyday Savings account per customer at any one time. HSBC Everyday Savings applicants must be aged 18+
  4. 2% of the purchase price is paid into your Everyday Global Account (capped at AUD50 per month) when you tap and pay using Visa payWave, Apple Pay or Google Pay for eligible purchases under AUD100. Eligible purchases must be made in Australian Dollars and where the merchant or its financial institution/ payment processor is registered in Australia. Excluded are purchases made for business, commercial or government purposes (including bus, train and ferry), cash withdrawals, foreign and non-fiat currency transfers (such as Bitcoin), travellers' cheques, money orders or money transfers, car parking and vending machine transactions, point of sale cash withdrawals, debt repayments, refunds, payment reversals, gambling and transactions between HSBC accounts. HSBC may deduct payment of the Cashback offer where you reverse or cancel a transaction.
    HSBC Everyday Extras is a feature of the HSBC Everyday Global Account. To continue to be eligible to receive Everyday Extras you will need to deposit AUD2,000 or more into your HSBC Everyday Global Account before the last day of each calendar month. Refer to the Supplementary Product Disclosure Statement.
  5. HSBC Online Share Trading is a service provided by Third Party Platform Pty Ltd ("TPP") ABN 74 121 227 905 AFSL No. 314341, a wholly owned but non-guaranteed subsidiary of Bell Financial Group Ltd (ASX:BFG), at the request of HSBC Bank Australia Limited ABN 48 006 434 162 AFSL 232595 ("HSBC"). TPP is a Participant of the ASX Limited Group and a Trading Participant of Cboe. For a copy of the terms and conditions relating to the HSBC Online Share Trading service click here and the Financial Services Guide for TPP click here, or if you would like one to be sent to you contact us on 1300 782 811 or + 613 8663 2766. Neither TPP nor HSBC are representatives of each other. To the extent permitted by law, HSBC will not guarantee or otherwise support TPP's obligations under the contracts or agreements connected with the HSBC Online Share Trading service. HSBC receives a commission from TPP for each client referral provided to TPP. TPP and HSBC do not provide investment advice in relation to HSBC Online Share Trading. You should consider your own financial situation, particular needs and investment objectives before acting on any of the information available on this website. HSBC does not guarantee or accept liability for any products offered by TPP.

Helpful Links

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Mobile Banking

 
View HSBC Australia Mobile Banking page

Pay bills, transfer money and see your account balance on the go securely and easily with the HSBC Mobile Banking App.

A desk with laptop, mobile, a bowl of fruits and a cup of water; image used for HSBC Australia Ways to bank.

Ways to bank

 
View HSBC Australia ways to bank page

From online banking, mobile banking, branches and ATMs, there are many ways you can manage your account with HSBC.

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Compare Savings Accounts

 
View HSBC Australia savings page

Whatever you are saving for, here are some savings accounts to help you reach your goals.

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Maximising your tax return

 
View HSBC Australia time tax page

Find out the key tips to make the most of your tax return this new financial year.

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