Transact faster with pay and receive
like a local
HSBC Global Wallet lets you pay like a local in USD, GBP, AUD, EUR, HKD, MYR, CAD, CHF, JPY and RMB within the same or next day.
You can also receive like a local in these currencies or from across the world into your HSBC Global Wallet USD, GBP and HKD accounts.
Lower fees, no multiple charges
Reduce your transaction costs with our new flat fee pricing packages and enjoy savings on wire charges. There are no corresponding fees for paying as a local.
One single, secure platform. No
multiple accounts or logins.
Access your global wallet via one easy-to-use consolidated interface that helps you manage business payments, receivables and liquidity – our award-winning banking platform and mobile app, HSBCnet.
Click here to see full list of currencies and destinations you can pay or receive from.
Watch this video on how HSBC Global Wallet can help your international business needs.
Hear from Winnie Yap, HSBC’s Head of Global Liquidity and Cash Management, as she explains how HSBC Global Wallet helps SMEs reduce transaction costs when doing business overseas.
HSBC Global Wallet is our new currency account for flexible international transacting 24/7 alongside everyday banking, fully integrated with our award winning HSBCnet platform.
HSBC Global Wallet is currently made available for our Business Banking customers with HSBC in Singapore.
HSBC Global Wallet is suited for SMEs that do business across borders and have overseas payment needs. This could include making payments to overseas manufacturers and suppliers or receiving payments from overseas customers e.g. wholesale and retail trade, logistics, construction, manufacturing, services amongst others.
HSBC Global Wallet’s key benefits include
You can view and authorise payments from your HSBC Global Wallet accounts on HSBCnet Mobile App, in line with your user entitlements. However, payment creation is currently not available on HSBCnet Mobile App.
If your transaction into, within or out of your HSBC Global Wallet requires an FX rate to be applied, there is a limit of USD 2,000,000 per transaction. Aside from this, there is no transaction limit for HSBC Global Wallet.
HSBC’s prevailing exchange rate will be used to convert payments that differ from the base currency of your account. These exchange rates may fluctuate in accordance with market conditions.
This payment solution is not applicable for standing instructions, payment advices, cash deposits and cash withdrawals, Cheques, Singapore domestic payments, file-based payments. Send ‘local’ payment feature in EUR is also not available to the following destinations: Aland Islands, Saint Barthelemy, French Guiana, Gibraltar, Guadeloupe, Monaco, Saint Martin, Switzerland, Martinique, Saint Pierre and Miquelon, Reunion, Serbia, San Marino, Mayotte.
DEPOSIT INSURANCE SCHEME
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 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 page summarises key product features and is intended for your general information only. It shall not be capable of creating any contractual commitment on the part of The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch.