You can check on their website which countries are allowed.
Here:
https://expatexplorer.hsbc.com/apply/
Here:
https://expatexplorer.hsbc.com/apply/
yeah but quite a bunch of popular spots are supported.You can check on their website which countries are allowed.
Here:
https://expatexplorer.hsbc.com/apply/
I took another look and found in the Turkish version of the FAQs:
Mevduat ve katılım fonu sigortasına tabi olmayan diğer hesaplar hangileridir?
iv. Türkiye'de münhasıran kıyı bankacılığı faaliyeti göstermek üzere kurulan kredi kuruluşlarında bulunan mevduat ve katılım fonları
What other accounts are not subject to deposit and participation fund insurance?
iv. Deposit and participation funds in credit institutions established in Turkey exclusively for offshore banking activities,
Yes. But upon account opening, I was honest with them and told them that I need the account for local payments due to my presence in Türkiye and my economic activities there.It would be good to clarify whether the deposit is excluded from insurance if the credit institution is set up for offshore banking or if the account is set up for offshore banking (as we are discussing here).
Most often they belong to the owner and not to the bank or broker and thus are not part of the bankruptcy.Does anyone know whether a stock portfolio in Turkey counts as special assets in the event of a bank bankruptcy? In some parts of the world this is the case, but I couldn't find anything about Turkey.
This question had been asked 2 times in this thread, but not yet answered (and I also don't know).Since they require a minimum TRB in cash or investments, can I place there some stocks with a transfer from IBKR?
I think either, we do not understand the question or I do not understand the answer. But from HSBC USThis question had been asked 2 times in this thread, but not yet answered (and I also don't know).
It would really be nice to know, what can I do with the money deposit? In my case, I want to invest in the stock market or transfer my existing portfolio to them. This question is also still open for the Barclays IOM (see other thread). The websites really don't give much information about this. I sent an email to both (HSBC Jersey and Barclays IOM) and await feedback. Will let you know also here once any news arrive.
Can I transfer my existing brokerage account to HSBC Securities Self-Directed Brokerage platform?
Yes, you can transfer your existing brokerage account held away from HSBC Securities to a Self-Directed Brokerage account. In order to do this you will need to execute an Account Transfer (“ACAT”) form, as well as provide a copy of your current statement. For questions related to the ACAT process, please call the Wealth Services Desk at 888.809.3802 or from outside the U.S. or Canada, call 847.876.1574 8am - 6pm ET. Certain transactions may not be eligible through the ACAT form.
That's not what I (we?) mean. The question is: does the investment in HSBC Securities count as deposit requirement to qualify permanently for Premier/Expat status?I think either, we do not understand the question or I do not understand the answer. But from HSBC US
https://www.us.hsbc.com/investments/products/self-directed-brokerage/
https://www.us.hsbc.com/investments/products/self-directed-brokerage/faq/
I guess the rules are similar anywhere and you can move your assets in and out (probably with some fees).
From what the HSBC websites mention, yes you can.That's not what I (we?) mean. The question is: does the investment in HSBC Securities count as deposit requirement to qualify permanently for Premier/Expat status?
Or another way to ask: the 100 k GBP deposit requirement for HSBC Expat, what I can do with that without loosing the Premier/Expat Status? Can I transfer that to HSBC Securities and invest in stocks?
The question is: does the investment in HSBC Securities count as deposit requirement to qualify permanently for Premier/Expat status?
Competitive pricing
There's no set-up charge or annual management fees. And we don't charge you to transfer any shares held by your broker to your HSBC InvestDirect International account.
I think it counts for HSBC Premier with HSBC Expat. There are different accounts in different markets. The Sharedealing also exists in UK but with a quarterly fee of £10.95 or something. US seems to be also quite cheap:Does that product count for HSBC Gold? I just recall seeing a larger table with all kinds of fees. Maybe they have different fees for different markets? Interestingly, if you are an HSBC UAE client, it seems like they will give you an account with IBKR UK...? Would that count then...?
This question had been asked 2 times in this thread, but not yet answered (and I also don't know).
It would really be nice to know, what can I do with the money deposit? In my case, I want to invest in the stock market or transfer my existing portfolio to them. This question is also still open for the Barclays IOM (see other thread). The websites really don't give much information about this. I sent an email to both (HSBC Jersey and Barclays IOM) and await feedback. Will let you know also here once any news arrive.
That's a real sad that no brokerage account works. Nobody leaves 75K or more in their account without interest. I wouldn't let it be managed.I talked to HSBC. The minimum deposit requirement is only fulfilled as long as you hold the money within the Expat/Premier account. That account offers also investments, but own stock trading is not possible.
The interest in the US on the relationship savings account is competitive.That's a real sad that no brokerage account works. Nobody leaves 75K or more in their account without interest. I wouldn't let it be managed.
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