HSBC or the Hong Kong and Shanghai Banking Corporation Limited is one of the world’s largest banking services providers. HSBC caters to more than 39 million customers worldwide. The bank is known for providing several financial services including wealth and personal banking services, commercial banking, global banking and markets. HSBC provides services in 62 countries including Europe, Asia, the Middle East, Africa, North America, and Latin America. Keep reading to know about the benefits of opening an HSBC International account for students.
What is an HSBC International Bank Account?
An HSBC international account will help a customer to view, transfer, and manage funds between global accounts. With an international bank account, a student can open an overseas account online and access multiple currencies. Due to the ease of transactions, it is beneficial for students who are planning to study abroad.
Also Read: DBS Bank International Transfer
Reasons to Open an HSBC International Account
Here is a list of reasons you should consider opening an HSBC international account
- Transfer money using global money transfers via the HSBC India mobile banking application, outward wire transfer service, or the HSBC global transfers
- HSBC international account will help the customer to access money in various currencies. Additionally, a time can be set by the account holder to when to transfer a set amount of money
- Use the HSBC Global view to link eligible bank accounts. It is allow the customer to get access to all their accounts from one place
- HSBC assists their customers with the help of relationship managers to tie up loose ends before you leave India. For example, converting your existing savings account to a non-resident ordinary (NRO) account
HSBC International Account Opening Online
To open an HSBC overseas account follow these steps:
- Connect with an HSBC representative and tell them where you are located, and where do you want to open your account
- Next, check if you would meet the eligibility requirements. Customers who are more than 18 years of age and who have a valid reason to open an overseas bank account are eligible to apply.
- Start your application process. HSBC representatives will contact you regarding the best application process for the customer. For example, the application process by visiting the bank branch vs online application process.
HSBC International Account Requirements
To open an HSBC International bank account you would need the following:
| HSBC International Account Requirements |
| Employment details. (Income and tax information) |
| Proof of Identity (Passport/National ID/driving license) |
| Address proof (Utility bill/bank statement) |
| Details of both applicants (In case of a joint account) |
| Any additional document, if required |
Also Read: Yes Bank International Money Transfer
HSBC to Study Abroad Services
Here is a list of services provided by HSBC to study abroad. The HSBC offers range from opening an account, and foreign exchange services to international tuition fee payment services.
- Start an overseas bank account in India using the International banking center
HSBC customers can easily open an NRE/NEO bank account. Individuals can prepare to open a bank account before they leave. The HSBC team assists the customers by opening an international bank account before the student leaves India.
- Gain access to special benefits from HSBC and partners in your study abroad journey
Customers can get benefits from opening an account with HSBC. They can also get offers from education consultants and get expert help while shortlisting the courses, and universities, writing the sample essay, and resume building. Another benefit is getting to participate in webinars related to studying abroad. Moreover, customers can get education loans from HSBC partners, if needed.
- HSBC’s presence can help a student in studying abroad
HSBC is present in several countries around the world including countries such as Mainland China, Malaysia, Philippines, Taiwan, Australia, Canada, United Kingdom, among others. Services such as transferring credit history, opening a bank account overseas, managing bank accounts online, etc can be beneficial to the student.
- Get to experience fast mobile-first global money transfer with HSBC Premier
The Global Money Transfers with HSBC is fast and cheap. Transferring money to family and friends abroad, to your international account is fast using the HSBC India app. HSBC Global Money Transfers can be done in more than 230 countries around the world.
- Gain access to the global concierge service
While studying abroad, customers of HSBC bank can access everyday help to advice fulfilling extraordinary requests. Thus, the global concierge service provided by HSBC can help in bringing extraordinary stories to life.
Also Read: Here’s How You Can Get An Education Loan Without Income Proof!
International Privileges of HSBC Bank Customers
Below is the list of International privileges of HSBC International account holders.
- Gain HSBC Premier status- It allows customers to be recognized worldwide and access Premier banking services.
- Global investment- The HSBC premier status helps customers to invest globally.
- Global view and international transfers- Being able to transfer money globally is another benefit that customers can get. Additionally, customers can transfer the amount fee-free using HSBC to a 3rd party.
- Exclusive privileges for NRIs- Tax consultation services and details provided by Ernst and Young LLP India, airport pickup facility while visiting the home country, and transferring money using an NRE (Non- Resident rupee) account are some of the exclusive benefits provided to NRIs.
- Emergency services- Moreover, customers can access the emergency services anytime by dialing the Premier Emergency Hotline at (1) 314 275 6781. The service is available 24 hours a day throughout the year.
FAQs
Yes. HSBC international accounts can be opened by individuals who are at least 18 years of age. The individual also needs to present a valid reason for opening the account. The rest of the eligibility requirements depend on where the customer wants to open the account.
HSBC services are available in 62 countries. Some of these countries are China, Australia, Canada, France, Egypt, Hong Kong, India, Indonesia, Taiwan, the USA, the UK, Malta, Mexico, Greece, and New Zealand, among others.
Yes. It is possible for customers to open an HSBC account from India. No charges are levied for International account opening through IBC (International Banking Centre).
HSBC International account offers several privileges to customers. For example, HSBC’s premier status, global investment, and other exclusive privileges. An HSBC bank account can help a student to easily transfer money, and manage funds between global accounts. Visit Fly. Finance to know more about such topics.
