Our valued sponsor

Sword and Shield
SWISSMONEY Iban Accounts with Sepa

HSBC HK / HSBC Jersey

Y

Yrybak08

Member Plus
Feb 16, 2024
93
55
18
39
Morocco
#1
It seems they’re now allowing account openings remotely for most Europeans as well as US citizens. Process is very simple. You apply on the app, they contact you within a business day and ask to upload your ID and proof of address and that’s about it. Question is, since HSBC has branches in the US; would your name pop up in a systemwide search in the US systems? Fear here is not the government since money is clean but rather creditors in the event of a lawsuit in the future etc anyone knows?
 
#3
HSBC US is only for premier.

They all follow FACTS reporting and CRS. If you owe your government money, they will do all to collect it globally.

HSBC US has access to your account and can see it.
 
#4
Yrybak08 said:
It seems they’re now allowing account openings remotely for most Europeans as well as US citizens. Process is very simple. You apply on the app, they contact you within a business day and ask to upload your ID and proof of address and that’s about it. Question is, since HSBC has branches in the US; would your name pop up in a systemwide search in the US systems? Fear here is not the government since money is clean but rather creditors in the event of a lawsuit in the future etc anyone knows?
Click to expand...
You have to deposit at least £50k, right?
 
#6
Yrybak08 said:
That’s for the premier account. HK gives the option to have a free current account and so does HSBC UK. Jersey will charge you a monthly fee of you don’t maintain 50k. A way to avoid the fee and the 50k min balance req. is to show documentation proofing 100k+ salary
Click to expand...
I checked HSBC Expat Jersey and HK (not premier) and those were the conditions. Maybe I'm not looking into the right product.
 
#7
Yes but IMO premier is worth it. You get free coffee and global transfer between you accounts.

Yes but I think you need to pay the salary into your account:
https://ciiom.hsbc.com/premier/
You can get HSBC Premier - including a dedicated Relationship Manager - if both of the following apply to you:

  • You pay your annual income into your HSBC Premier account
  • You have savings or investments of at least £50,000 with HSBC in Jersey, Guernsey or Isle of Man
You can get HSBC Premier – not including a dedicated Relationship Manager – if you have both of the following:

  • An individual annual income of at least £75,000, paid into your HSBC Premier account
  • A mortgage, investment, life insurance or protection product with HSBC in Jersey, Guernsey or Isle of Man
Click to expand...
 
#10
daniels27 said:
Ok they go the second option and invest £100 with them.
https://www.hsbc.co.uk/investments/new-to-investing/
Click to expand...
Thanks.

But that's UK. Do they open accounts for citizens abroad? Usually UK banks are very strick when it comes to opening accounts for non-residents.

In any case, I don't want to put my money in the UK. I would prefer HK or other jurisdiction. And of course, not in the UE. I will check out the HK alternative, but I'm not parking over 50k in cash in their bank without any reasonable interest. If that's the case, I'm not interested.
 
#11
HSBC expat then
https://www.expat.hsbc.com/international-banking/products/bank-account/
I think you can just claim you income and then invest £100. Seems it works
https://www.headforpoints.com/2023/04/07/review-hsbc-premier-mastercard-credit-card-2/
Alternatively, if you earn over £75,000, you qualify if you just have a HSBC mortgage or any investment or insurance product. The minimum investment in an ‘investment product’ is just £100. You can see the range of HSBC investment funds here.
Click to expand...
Expat requires£100k vs. £75k in UK.
 
You must log in or register to reply here.

Forum Announcement

Latest Threads

Offshore Bank Accounts
SWISSMONEY Iban Accounts with Sepa
The Kingdom Bank
Top Bottom
Back