As the Malaysian economy progresses, we see a shift in the socio-economic development of the population, where the emerging affluent group slowly transcends into the affluent category.
When this happens, there is a paradigm shift in the lifestyle preferences of this group, and an inclination to dwell in experiences abroad, be it work, studies or leisure. This is where the international banking needs of these group of customers starts to arise.
The main request from customers to their international banking providers does not differ much from what they expect from their domestic banking services-they need their banking services to not only be fast and reliable, but easily accessible and without much hassle. The main challenge for most providers is having the resources to provide these services on an international scale, and with customer convenience at the forefront.
Which is why we strongly believe that the exclusive privileges offered by HSBC Premier is the right fit for customers with an international mindset. These are some of the perks that our HSBC Premier customers enjoy:
Your Premier Status is recognised across the world
HSBC is one of the world’s largest banking and financial services organisations. We serve approximately 39 million customers, across our network of 62 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America. In a nutshell, if you are a Premier customer in Malaysia, you can open an account and enjoy these same Premier privileges at a HSBC bank in Hong Kong, UK, Australia or any of the countries that HSBC has a presence in. It is like having an additional passport that gives you access to all of your Premier banking needs.
Overseas account opening1 support prior to your arrival
HSBC Premier customers have the flexibility to open a bank account in over 30 destinations, which includes Australia, Hong Kong, India, Indonesia, UK, Singapore, USA and Vietnam, before they even arrive in any of these countries. This would mean that their banking account and debit card would have been ready and set up for them prior to their arrival in the destination country. This is especially useful for parents with children studying overseas. In fact, an HSBC Premier customer can open a UK bank account for his child studying there, right here in Malaysia. Moreover, HSBC Premier customers can opt to extend their Premier status2 to their spouse, and up to 2 children aged from 18 to 28, which means that their children studying in the UK can experience the same Premier privileges enjoyed by their parents in Malaysia.
Multicurrency convenience with the HSBC Premier Everyday Global Account (EGA), zero fee international transfers between your HSBC accounts
The HSBC Premier Everyday Global Account (EGA) is a multi-currency account that holds 11 currencies – 10 foreign currencies (Australian Dollar, Euro, Hong Kong Dollar, Saudi Riyal, Japanese Yen, United States Dollar, Great Britain Pound, Singapore Dollar, Canadian Dollar and the New Zealand Dollar) and the Malaysian Ringgit in one single account. This allows HSBC Premier customers access to competitive real-time exchange rates for these currencies. The EGA is also perfect for overseas travel, because with the HSBC Premier Everyday Global VISA Debit Card, HSBC Premier customers can shop using local currencies (provided it is one of the 11 supported currencies of the EGA) – anywhere in the world without incurring transaction fees3. There are also zero ATM withdrawal fees for Premier account holders3 when they withdraw cash from HSBC Group’s ATM (GATS) network which is available in over 25 countries, including USA, Australia, Hong Kong, Singapore, China and India.
The EGA is also a useful savings tool for the future as you can buy and save currencies. This come in handy for parents saving for their child’s education overseas. For example, parents with children studying in the UK or in Australia can buy the GBP or the AUD when the rate is more favourable to them, and save it for their child’s future education expenses.
Moreover with our Global Transfers service, HSBC Premier customers can transfer money instantly with zero transfer fees to their own and third party HSBC accounts in 21 countries, including UK, Australia, UAE, Singapore, India and more.
Building a solid wealth portfolio
Having a dedicated Premier Relationship Manager and access to a team of wealth specialists for the wealth insights will help you manage and grow your wealth portfolio on an international scale. Through our comprehensive wealth portfolio service, we can provide risk insights across a range of major asset classes, and you will have access to global wealth expertise as our senior investment specialists identify new trends and provide a long-term view to help you build your ideal investment portfolio. We also offer a choice of offshore locations where you can build a wealth portfolio in multiple jurisdictions including Singapore, Hong Kong and Channel Islands- Jersey, which are our three wealth management hubs that are popular with international customers.
In addition, HSBC Premier customers can have access to real time foreign exchange rates with preferential pricing, and can also view their consolidated wealth portfolio on Wealth on Mobile, which is a new wealth dashboard on the HSBC Mobile App. With this feature, HSBC Premier customers can conveniently access and monitor their unit trusts, structured investment, bonds/sukuk and dual currency investments with HSBC on their mobile devices.
The perfect match for your international banking needs
At HSBC, international connectivity is our strength. Our global banking network is here to serve your banking needs not just on a regional scale, but on a global level. With our presence of close to 140 years in Malaysia, we take pride in being custodians for inter-generational wealth over the years. It is our purpose to open up a world of opportunity for our customers, and we look forward to being part of your international journey.
For more information, please visit www.hsbc.com.my/ega1
