This post was written in collaboration with HSBC. While we are financially compensated by them, we nonetheless strive to maintain our editorial integrity and review products with the same objective lens. We are committed to providing the best recommendations and advice in order for you to make personal financial decisions with confidence. You can view our Editorial Guidelines here.
Whether you’re super organised or like to pack up and leave on a whim, travelling involves lots of planning, from booking an affordable air ticket, finding a place to stay and planning your itinerary to checking exchange rates and changing currencies at the best money changer.
Now, you’ll have one item less on your to-do list, thanks to HSBC’s QuickFX app, a complete solution for your holiday.
Here’s how you can exchange currencies at great rates anywhere, anytime.
HSBC QuickFX App
Monitoring exchange rates before a big trip is a hassle, as is queuing up at the money changer with a big stack of cash in your pocket.
For most of us who end up doing a lot of things at the last minute when it comes to travelling, changing money is often a case of just showing up at the airport and being subject to whatever the rates are at that point in time.
In the long run, this could amount to quite a bit of money, especially if you travel often. With time being a scarce commodity for you, you can’t just run to a money changer whenever rates are favourable. This is where the HSBC QuickFX app helps greatly. This nifty new app offers a comprehensive slew of FX solutions for just about any FX need you may have.
For instance, the app’s FX Order Watch function lets you set email or SMS alerts or auto-conversions at your preferred exchange rate, thereby saving you money (and not to mention time).
Converting your money can be done seamlessly and on the go using the app, even when you’re in the taxi rushing to Changi Airport.
For maximum benefit, you should use the QuickFX app along with the HSBC Everyday Global Account, which manages different currencies for you.
HSBC Everyday Global Account
The HSBC Everyday Global Account is a multi-currency account, which operates like a regular bank account that can house ten foreign currencies (Australian Dollar, Canadian Dollar, Swiss Franc, New Zealand Dollars, Pound Sterling, Euro, Hong Kong Dollar, Japanese Yen, US Dollar and Chinese Renminbi*) in addition to Singapore Dollar.
HSBC Everyday Global Debit Card
As an HSBC Everyday Global Account holder, you’ll receive the HSBC Everyday Global Debit Card.
It lets you withdraw cash in ten currencies at $0 fee and enjoy cash withdrawal fee waiver across all ATMs worldwide*. This is great news for people who aren’t comfortable with carrying large amounts of cash around, and don’t want to pay ATM withdrawal fees.
So, if let’s say you’re travelling to Australia, you can convert SGD to AUD in just a few steps instantly on the QuickFX app. You can then withdraw it using your Everyday Global Debit Card in Australia without having to pay foreign exchange fees and ATM fees, or simply make payments directly to the merchant.
You can also use the card for online purchases, transacting using the ten currencies to enjoy $0 fee.*
The card also offers an attractive 5% cash rebate when you meet the minimum spending requirement of $500 in a month, valid till 30 June 2019.
Never again will you have to carry big wads of cash around when you travel!
How to get started
Getting set up is really easy!
Here’s how you can do so.
– If you’re an existing HSBC customer, log into your HSBC Online Banking and apply for the HSBC Everyday Global Account and HSBC Everyday Global Debit Card. Then, download the HSBC QuickFX app via the App Store or Google Play.
– If you’re not yet a HSBC customer, visit any HSBC branch and apply for the HSBC Everyday Global Account and HSBC Everyday Global Debit Card. Then, download the HSBC QuickFX app via the App Store or Google Play.
Exclusive offer: Get S$30 Grab vouchers when you make a FX transaction of S$15,000 (or equivalent in other currencies) via HSBC QuickFX app.
Now that you’ve found such an easy way to exchange and withdraw foreign currency, maybe it’s time to book your next holiday?
What are some of the challenges you have faced when dealing with foreign currencies? Share your experiences with us in the comments!
*Terms and conditions apply, please visit hsbc.com.sg/egadebit for more details.
There may be a gain or loss when you convert foreign currency. Eligible Customers are advised to make independent judgment with respect to any matter contained herein. The Bank shall not be liable for any delay in effecting such conversion, Instruction or transactions.
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.
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