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Whether it’s managing multiple bank accounts, making sure to pay your credit card bills on time, servicing various loans — these are all part and parcel of your day-to-day finances. And they all require time and effort. With all these and more vying for your attention, you’ll want to make sure that your money works hard for you and as efficiently as possible.
What if there was a better solution for you to help manage your finances so that you can continue to grow your savings, continue global transactions yet save on time and energy? The HSBC Everyday Global Account (EGA) is the multi-currency account for all your everyday needs, locally and globally.
With EGA, you can:
- Gain bonus interest and cashback with the Everyday+ rewards programme
- Transact in multiple currencies
- Transfer money locally and overseas fast and seamlessly
Let’s take a closer look at its key features:
1. Bonus interest rate
What’s better than saving your hard-earned money? Getting paid bonus interest for it, of course! And the more you accumulate, the higher the interest you’ll get — and the more your savings will grow.
With the HSBC EGA’s Everyday+ rewards programme, you can earn bonus interest and cashback on your savings AND spendings.
HSBC EGA lets you earn bonus interest and cashback when you perform several actions. On top of that, all the cashback for different actions and for all tiers of customers are 1%.
| HSBC Personal Banking | HSBC Premier | HSBC Jade | |
| Spend on debit / credit cards | 1% cashback* | 1% cashback** | 1% cashback** |
| Make GIRO bill payments | 1% cashback* | 1% cashback** | 1% cashback** |
| Increase your SGD balance from previous month | 1% p.a. bonus interest
(capped at S$300 per month) |
1% p.a. bonus interest
(capped at S$300 per month) |
1% p.a. bonus interest
(capped at S$300 per month) |
| One-time bonus cash after 6 months | S$150
(average account balance must be at least S$100k) |
S$300
(average account balance must be at least S$200k) |
S$300
(average account balance must be at least S$200k) |
*Capped at S$300 month
**Capped at S$500 per month
As you can see, it’s easy enough to hit all these tiers through paying for your essentials using your HSBC EGA debit or credit card, paired with your HSBC EGA’s Everyday+ rewards programme1. At the same time, automating your bill payments (insurance, mortgage, utilities, etc.) through GIRO helps you save time, while the cashback rolls in monthly.
You also enjoy some sweet cash rewards when you sign up for HSBC EGA:
| HSBC Personal Banking | HSBC Premier | HSBC Jade | |
| Minimum deposit for sign up reward | S$50,000 +
monthly deposit of min. $5,000 for 2 consecutive months |
S$200,000 (in cash or investments) | S$1.2 million +
invest min. of $50,000 in eligible wealth products |
| Sign up cash credit^ | S$108 | S$600 | S$5,500 |
This makes it an ideal account to credit your salary, investment dividends and any other sources of income too, to take full advantage of the perks.
2. Multi-currency perks
The multiple currencies available via the HSBC EGA also makes it ideal to carry out various overseas transactions and investments. Get the freedom to transact in up to 11 different currencies, which include USD, EUR, AUD, CAD, JPY, NZD, GBP, CHF, HKD and RMB2.
This means you can benefit from overseas online shopping sprees — Black Friday and Cyber Monday or 11-11 sale anyone? — all without incurring extra currency conversion fees3. In addition, with the Everyday+ rewards programme, you can get higher cashback on your spending. Also, the more you save, the more bonus interest you can receive (you’ll get 1% interest on incremental account balance)!
All you need to do is fund your account with the foreign currencies that you want to transact in and pay for your purchases using the HSBC Everyday Global Debit Card, without incurring extra charges. Oh and did we mention that cash withdrawals at HSBC ATMs overseas are free4.
3. Global Money Transfers at your fingertips
With HSBC Global Money Transfers, you can send money internationally faster and fee-free5 via the HSBC Singapore app. HSBC also has an ongoing promo — enjoy FX pricing of 0.4% — when you use HSBC Global Money Transfers to convert your SGD and make transfers to the eligible countries and territories from now until 31 Dec 2021, terms and conditions apply.
All this can be done via the HSBC Singapore app so you can manage your funds on the go too. You can also authorise an inter-account transfer or payment at a real-time FX rate in your chosen currency.
The perfect synergy to maximise benefits and perform global transactions
The multi-currency HSBC EGA, which maximises your global transactions with features that are massive time-savers for busy individuals. It also allows you to
- Reap more savings and cashback with the game-changing Everyday+ rewards programme,
- Stretch your dollar with HSBC Everyday Global Debit Card
- Send money internationally faster and fee-free to loved ones overseas with Global Money Transfer
Check out our MoneySmart exclusive sign up offers for HSBC EGA here. Terms and conditions apply.
Disclaimer
This article is meant for information only and should not be relied upon as financial advice. This advertisement has not been reviewed by the Monetary Authority of Singapore.
1 HSBC Everyday+ Rewards Programme’s T&Cs apply. (Source)
2 Deposits into any renminbi (“rmb”) Deposit Account shall be by way of foreign exchange conversion from non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and rmb Everyday Global Account opened hereunder. Withdrawals from any rmb Deposit Account shall be by way foreign exchange conversion into non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and rmb Everyday Global Account opened hereunder. The deposit in your rmb Deposit Account shall be converted from rmb to another freely convertible currency for withdrawal, at the Bank’s prevailing exchange rate. Renminbi is not a freely convertible currency and is subject to changes in regulations initiated by mainland China and/or the Chinese authorities. There may be a gain or loss when you convert foreign currency. Customers are advised to make their own independent judgment in consideration whether to place the rmb deposit. For customers who wish to open renminbi Time Deposit Account, please also refer to Renminbi Deposit Account Terms and Conditions. (Source)
3 Applies to successful retail purchase, online shopping and cash withdrawal made via the 10 supported currencies. If you do not have sufficient foreign currencies to complete the transactions, we will convert the transaction at a prevailing rate as determined by the bank and bill you in Singapore dollar. (Source)
4 HSBC Jade and Premier Everyday Global Debit Card Cardholders enjoy $0 HSBC ATM fees for overseas cash withdrawals across all ATMs worldwide. HSBC Personal Banking Everyday Global Debit Card Cardholders enjoy $0 HSBC ATM fees for overseas cash withdrawal at all HSBC ATMs except in Argentina, France, Brazil, Greece, Malta, Mexico, New Zealand and Turkey. HSBC Fees apply for cash withdrawals at non HSBC ATMs. Please note that for all customers, fees may be applied by the 3rd party banks for cash withdrawals at non-HSBC ATMs worldwide. (Source)
5 Most transfers are fee-free but some intermediary banks may charge fees.You can see an estimate of the applicable fees when you review your transfer. The actual amount is subject to the intermediary bank and will be debited after you’ve confirmed your transfer.
Some banks may charge for incoming international transfers. Your payees will need to check with their banks on these charges as they vary and will be debited from the payee’s account. We are unable to advise you on the fees applied by other banks for payments sent through Global Money Transfers. (Source)
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.
Information correct as at 28 September 2021.