HSBC Everyday Global Account: Definitive Guide

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HSBC Everyday Global Account transparent

HSBC Everyday Global Account: Definitive Guide

HSBC Everyday Global Account transparent

Eligibility criteria, minimum spend, terms and conditions apply

Earn up to $600 per year in cashback

Up to $50 cashback per month on eligible Visa PayWave Apple Pay or Google Pay purchases in Australia

Store up to 10 different currencies at once

Cardholders can load up currencies at a favourable exchange rate to use when needed

Avoid foreign transaction fees

You can use your HSBC Visa debit card overseas or shopping online from overseas stores at home

A popular option amongst travellers and homebodies alike, HSBC is considered to be one of the best transaction accounts on the market.

An award-winning everyday bank account with ongoing cashback benefits, travel debit card and multi-currency account all in one, the HSBC Everyday Global Account could become your next travel essential.

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What is the HSBC Everyday Global Account?

An all-in-one everyday transaction account to deposit your salary, pay bills and transact in foreign currencies. The Everyday Global Account gives you the option of having a combination of foreign currency sub-accounts linked to a Visa debit card.

This transaction account can be used for everyday home use or to avoid hidden fees when travelling overseas.

Value adds including 2% cash back on tap and pay purchases can leave you with cash to spare.

From earning up to $600 per year in cashback to storing up to ten different supported currencies, the HSBC Everyday Global Account has positioned itself as a compelling option for day-to-day and travel use.

Product nameHSBC Everyday Global Account
Issued byHSBC
Card networkVisa
Free transactions per monthUnlimited
Savings interest rateThe HSBC Everyday Global Account currently pays no interest in any currency
Mobile walletsApple Pay & Google Pay
Account funding optionsBPAY, Bank@Post

HSBC Everyday Global Account features

Provided you meet monthly deposit requirements, the HSBC Everyday Global account can make it possible to benefit from unique cashback incentives.

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Plus, it unlocks the ability to pay your way overseas, with the ability to load multiple different currencies, meaning you can benefit from favourable exchange rates when you want.

Listed below are some of the HSBC Everyday Global Account’s key benefits:

Earn 2% cashback on tap and go purchases under $100. You can earn up to $50 cashback per month ($600 each year) on eligible Visa payWave Apple Pay or Google Pay purchases in Australia when you deposit $2,000 a month into your account.

Store up to 10 different currencies at once. Travel like a local by loading up to 10 currencies, including AUD, USD, EUR, SGD, NZD, JPY, GBP, CAD, HKD and CNY (currency restrictions apply). This gives cardholders the option to load up currencies at a favourable exchange rate to use when needed.

Avoid foreign transaction fees when using your HSBC Visa debit card overseas or shopping online from overseas stores at home.

No international ATM fees when using ATM overseas. However, it’s important to note that some ATM operators may still pass on their own fee, so it’s worth paying attention to notifications when using ATM machines.

Instant transfers between currencies using internet banking or the mobile banking app allows you to transfer money between currencies instantly, with real time currency exchange rates applicable for some currencies when the foreign currency market is open. Note that a set foreign exchange rate applies after hours and on weekends.

Deposit foreign currency if you find yourself with some local notes left in your pockets. You can deposit notes into your Everyday Global Account at a HSBC branch.

Correct currency always. The correct local currency will automatically apply when making withdrawals, deposits or shopping online, which means you won’t have to worry about switching between currencies when you’re travelling with the HSBC Everyday Global account.

Shop almost anywhere with your linked Visa debit card, which is widely accepted around the world.

Pros

  • Support at branches
  • Instant transfers
  • Uses local currency
  • No international ATM fees

Cons

  • Monthly deposit requirements
  • Not interest bearing

How to apply

It is possible to apply for the HSBC Everyday Global Account online in under ten minutes.

You’ll need to complete a mobile-friendly online form where you will be required to provide identification.

Alternatively, there is also the option to apply in person or via phone by calling 1300 131 605. You can find your nearest HSBC branch here.

You can expect your HSBC Visa debit card to be mailed to the address used in your application once HSBC has verified your identity.

Eligibility

Signing up for an HSBC Everyday Global account is a fairly smooth easy process, but it is important to check you meet the eligibility requirements before you get started.

Minimum age to apply18 years of age
Residency requirementYou must have a valid Australian address
ID requirementsValid Australian driver’s license or passport
Personal informationHSBC requires a mobile phone number to verify your ID online

Fees and charges

The table below provides an overview of the fees and charges that HSBC Everyday Global Account holders can expect to incur when using their debit card.

Account keeping fee$0
ATM withdrawal fee (own network)$0
ATM withdrawal fee (overseas)$0 (however, some ATM operators may charge a fee)
Foreign transaction fee0%

It is important to note that while account holders won’t incur a fee at most major bank-owned ATMs in Australia and overseas, some external ATM operators may pass on their own fees.

The ATM operator must, however, notify you of any fees. Pay attention to any fee messages on the ATM when withdrawing cash, particularly when you are travelling overseas.

Could the HSBC Everyday Global Account be right for you?

A HSBC Everyday Global account may offer value, particularly for Australian-based travellers who want to benefit from holding multiple different currencies – up to 10 at once.

This account may also simplify overseas travel, with no foreign transaction fees and the correct currency automatically applied to transactions in-store and online.

Closer to home, the HSBC Everyday Global Account may hold appeal for cardholders staying local, with 2% cashback on offer for tap-and-go purchases. In saying that, the maximum amount of $50 cash back per month may not be enough to appeal to all potential account holders.

With this in mind, most other bank accounts with cashback incentives offer a one-time cashback offer, so HSBC’s ongoing cashback perk likely positions it ahead of the pack.

Plus, the ability to apply for the HSBC Everyday Global Account either in person at an HSBC branch or over the phone could position this account as an appealing option for a wide variety of potential cardholders.

Do HSBC Everyday Global Account holders pay an account-keeping fee?

No, HSBC Everyday Global Account holders do not pay an account-keeping fee.

What is the HSBC Everyday Global Account?

The HSBC Everyday Global Account is an all-in-one everyday transaction account to deposit your salary, pay bills and transact in foreign currencies.

Can I earn cashback on an HSBC Everyday Global account?

You can earn 2% cashback on tap-and-go purchases under $100. You can earn up to $50 cashback per month ($600 each year) on eligible Visa payWave Apple Pay or Google Pay purchases in Australia when you deposit $2,000 a month into your account.

HSBC Everyday Global Account: Definitive Guide

HSBC Everyday Global Account transparent

HSBC Everyday Global Account: Definitive Guide

Eligibility criteria, minimum spend, terms and conditions apply

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