HSBC’s Everyday Global Account is something super special. For starters, you can have your salary deposited into it, pay bills with it and spend at your local shops, just like you would any other everyday transaction account. There's no minimum deposit or minimum balance requirements and you can also make unlimited free transactions online, over the phone, via EFTPOS, BPAY or direct debits, as well as using HSBC ATMs fee-free.
But where the Everyday Global Account really stands out is that it allows you to keep up to ten currencies in one bank account, including AUD, USD, EUR, SGD, NZD, JPY GBP, CAD, HKD and CNY (currency restrictions apply). That way, you can use the linked Visa debit card around the world, and pay in the local currency.
There are a couple of options for how to do this - first, you can exchange currency online and access real time exchange rates. Doing this means the local currency is sitting ready in your account, and any spend will be deducted from that currency’s balance.
The other option is for the funds to be automatically converted from your Aussie dollar balance when you make a transaction. This option is handy if you aren’t able to make an exchange beforehand, or need to pay in a currency other than the 10 you can have in your account. Just keep in mind that in this case, you won’t know which exchange rate you’re getting.
The account comes with no overseas ATM* or transaction fees, whether you’re spending online at your favourite international shops, or withdrawing cash at over 2 million ATMs around the world. Plus you can make purchases using Paywave, Google Pay and Apple Pay.
The Everyday Global Visa Debit Card also comes with the same security as a credit card, including Visa Zero Liability, to keep your spending safe.
*HSBC charges no ATM fees, but some ATM providers may charge a separate fee.