HSBC Global Wallet

Do business a world away on local terms
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What is HSBC Global Wallet?

HSBC Global Wallet is a digital wallet for SMEs that lets you hold, manage, send and receive payments in multiple currencies in one single account, all from your HSBCnet profile. Now you can do business internationally, quickly and easily

Instant access to multiple key currencies

 

View, hold and manage a range of currencies digitally in one place, saving you time and effort.

 

 

 

Pay and receive international payment like a local

 

Make cheaper and faster electronic payments in the destination currency without incurring correspondence fees or beneficiary bank charges. Your buyers can also pay you via their own domestic payment networks, giving you an efficient way to receive payments.

 

 

Simplified pricing

Different pricing packages to meet your business needs and make costs clearer.

No hassle, no multiple accounts and logins

 

HSBC Global Wallet is integrated with your business banking account in HSBCnet, our award-winning online banking platform and mobile app.

 

Do business internationally with ease

With better visibility and control over your overseas payments, you can build trust and do business easily with your international suppliers and customers.

How does HSBC Global Wallet work?

How HSBC Global Wallet works flow chart

Available currencies and destinations

  • Send payments
    • like a local to Malaysia , Hong Kong, United States, Australia, Canada, United Kingdom and most of Europe.
    • via SWIFT to 240+ countries and territories, in these currencies HKD , USD, AUD, CAD, GBP, EUR and SGD.
  • Receive payments
    • like a local from Hong Kong, United States and United Kingdom using local addressable information in each destination into HKD, USD and GBP wallet respectively.
    • via SWIFT from 240+ countries and territories in any currencies into HKD, USD and GBP wallet.
  • Hold money
    • Hold funds in multiple currencies such as USD, EUR, GBP, AUD, SGD, CAD and HKD for future payments.

 

More currencies will be made available progressively

 



Your perfect partner for international growth

Redefine your international business banking experience with HSBC Global Wallet

Contact us today

 

HSBC Global Wallet FAQs

What is HSBC Global Wallet?

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.

Who is eligible for HSBC Global Wallet?

HSBC Global Wallet is currently made available for our Business Banking customers with HSBC in Singapore.

How can my business benefit from HSBC Global Wallet?

HSBC Global Wallet’s key benefits include

  • Save time and effort with instant access to multiple key currencies in one place
  • Cheaper and faster international payment transactions by paying and receiving like a local
  • With better visibility and control over your overseas payments, you can build trust and do business easily with your international suppliers and customers

Can I access HSBC Global Wallet via mobile?

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.

Is there any transaction limit for HSBC Global Wallet to perform top up, transfer and payments?

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.

How does exchange rate work 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.

Find out how HSBC Global Wallet works

Speak to us today

Disclaimers

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.

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