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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 HSBC’s Flexi Saver competitive interest rate2, 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 Serious Saver Account will pay bonus interest if you don’t touch your money for the first 4 months3. This may be the perfect account for you to start saving for your next goal.

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. Plus, you could earn bonus interest on the savings in your HSBC Serious Saver5. Every bit you save now helps you on your road to being a Financial Wellbeing.

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 instantly6. And be ready for your next tax return with a complimentary End of Financial Year report. 

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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  1. Terms and conditions apply to the use of Apple Pay and Google Pay. Excludes HSBC Corporate Cards.
  2. Monthly bonus offer valid as at 2 September 2019 and subject to change. Rates are current as at 30 March 2020 and subject to change. No interest is incurred on the portion of balances over AUD$ 5 million.
  3. Introductory offer will only be applied to the first Serious Saver account opened with HSBC. After the introductory period the standard interest rate applies. No interest is payable for balances over $1,000,000. Maximum one Serious Saver Account per customer. Both introductory and standard rate subject to change at any time. HSBC Serious Saver applicants must be individuals 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. 0.4% bonus interest is payable above the annual ongoing variable rate on HSBC Serious Saver balance up to $1,000,000. Generally, withdrawals made between the 28th of the month and 27th of the subsequent month (inclusive) will result in no interest being applied for that month. For example, withdrawals on 28th of December, will lead to no interest being applied for the month of January. The ongoing variable rate applies after the introductory rate and is paid when you make no withdrawals during the month. HSBC Serious Saver applicants must be individuals aged 18+.
  6. 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 Chi-X. 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

A man holding a cup of coffee and using mobile; image used for HSBC Australia 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.
 
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.

An abacus on a table; image used for HSBC Saving Accounts Comparison.
 
View HSBC Australia savings page

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

A dog sitting on the lap; images used for HSBC Australia 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.