More currencies will be made available progressively
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’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 is also not available to the following destinations: Aland Islands, Saint Barthelemy, Switzerland, French Guiana, Gibraltar, Guadeloupe, Monaco, Saint Martin, 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.