HSBC bank accounts

3.4
Based on 216 HSBC bank account product reviews.
Fact Checked
Last updated

Overview

Originating as a global banking leader, HSBC has established itself as one of Australia's top financial institutions. HSBC offers a comprehensive range of financial products, including competitive term deposits, flexible savings accounts, home loans, and a variety of transaction banking accounts. The bank also provides robust online and mobile banking services that allow customers to manage their finances anytime, anywhere.

Their Day to Day Account is designed for customers who need easy access to their funds, while their Everyday Global Account caters to those who frequently transact in multiple currencies. With features like real-time notifications, budgeting tools, and secure access, customers can stay on top of their financial activities with ease.

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Editor's pick: Everyday Global Account

Everyday Global Account

Account fee
$0.00
Payment options
Apple Pay, Google Pay
Interest rate
0.00 % p.a.
No Partner link
  • No international ATM fees

  • Buy, hold, and spend in 10 currencies

  • Free HSBC international money transfers

  • Earn 2% cashback on eligible tap and pay transactions (<$100)

  • Minimum deposit requirements for HSBC Everyday Extras bonuses

Our verdict

The HSBC Everyday Global Account may be an appealing option for those who travel overseas regularly. There’s no international ATM fees and you can buy, hold and spend in up to 10 currencies without incurring international transfer fees.

There are also no monthly account fees or international transaction fees.

If you meet the HSBC Everyday Extras minimum deposit requirements of $2,000 per month, you can earn 2% cashback (up to $50 per month) on eligible tap and pay transactions under $100.

Overall, the HSBC Everyday Global Account is well-suited for customers seeking a versatile banking solution that supports an international lifestyle. However, it’s sensible to compare a range of options to find the account that best suits your needs.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more bank accounts here.
Last updated 22 December 2024 Important disclosures

HSBC bank accounts

  • Day to Day Account

    Account fee
    $0.00
    Payment options
    Apple Pay, Google Pay
    Interest rate
    0.00 % p.a.
    No Partner link

  • Everyday Global Account

    Account fee
    $0.00
    Payment options
    Apple Pay, Google Pay
    Interest rate
    0.00 % p.a.
    No Partner link

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HSBC bank account ratings

Overall customer rating for HSBC bank accounts

3.4
Based on 216 product reviews.

Customer reviews

Important disclosures

FAQs

Is HSBC a safe place to keep my savings?

HSBC is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). This means your deposits are protected under the Australian Government's Financial Claims Scheme, safeguarding up to $250,000.

What do I need to open an account?
  • Be at least 16 years old
  • Have a valid passport or Australian driver's licence
  • Have an Australian residential address
How do I apply?

You can apply online through the HSBC website or over the phone.

How many bank accounts can I open?

You can open multiple HSBC bank accounts.

How do I set up online banking?

To set up online banking, visit the HSBC website and register. Provide your personal details. Once registered, you can manage your account through your digital profile on the website or app.

Are there any fees?

There are no monthly account fees.

How do I close my account?

The quickest way to close your account is through online banking or via the app. You can also call customer service. Before closing your account, ensure you:

  1. Confirm your account balance is zero ($0.00).
  2. Cancel any recurring payments and direct debits.
  3. Check that all recent transactions have cleared (these can take a few days to update from ‘pending’ to ‘posted’). You can verify this in the HSBC app.
  4. Clear any outstanding cheques.

HSBC products

Bank account quick links


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