HSBC Everyday Global Account

$0.00

Apple Pay, Google Pay, PayID

0% p.a.

HSBC Everyday Global Account

$0.00

Apple Pay, Google Pay, PayID

0% p.a.

Mozo Review   HSBC Everyday Global Account Review

Last updated: 1 August 2019.

What's hot:
  • Lock in an exchange rate ahead of time or convert Aussie dollars when you spend

  • 2% cashback on tap and pay purchases under AU$100 (conditions apply)

  • $100 bonus for new HSBC customers (conditions apply)

What's not:
  • $1,000 daily ATM withdrawal limit

Mozo snapshot:

Whether you’re a globetrotting traveller, an online shopping enthusiast or need to juggle multiple currencies for any other reason, the HSBC Everyday Global Account is designed just for you. This innovative everyday bank account allows you to keep up to 10 currencies at the ready, so you can pay like a local wherever you go and use the account at home as well. Plus, with a couple of sweet bonuses on offer when you deposit at least AU$2,000 a month, international spenders should pay attention - this just might be the bank account you’ve been dreaming of.

Key features:

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.

Foreign exchange can be tricky, and there's a bit of fine print to understand here - for example, real-time foreign exchange is available 24/7 between linked HSBC Australia accounts for selected currencies, however, when you're making transfers to accounts outside of HSBC, real time exchange is only available when the market is open. When it's closed, including currency holidays, NSW and US public holidays, a set exchange rate will apply.

HSBC won't charge you any overseas ATM fees while you're on your travels (except in Mexico and Argentina), but keep in mind that if you're using a non-HSBC ATM, the ATM owner might charge a fee for using them.

Plus you can make purchases using Paywave, Google Pay and Apple Pay and 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.

As if all that wasn't enough, there are a couple of hot offers for HSBC cardholders to snap up at the moment. 

For new customers: score a $100 bonus when you open an Everyday Global Account before 31 March 2020 and deposit AU$2,000 or more per month for three straight months within 6 months of opening the account.

For any customer: snag 2% cashback (up to AU$50 per month) on tap and pay purchases under AU$100. To qualify for this bonus, you need to deposit AU$2,000 or more each month into your Everyday Global Account.

Who it's good for:

If you travel often or love to shop online at global retailers, then the HSBC Everyday Global Account is tailor made for you. It might also be a top pick for anyone else who needs an account they can use in Australia or overseas, like expats juggling banking in two countries.

Any catches?

If you’re planning to spend up big, keep in mind that there is a $1,000 daily ATM withdrawal limit, though you can request for this to be bumped up to $2,000.

One other thing to remember is that real time currency exchange rates are available only for certain currencies through online or mobile banking when the foreign currency (FX) market is open (excludes weekends, currency and US holidays). This won’t stop you from using your card to pay outside of these hours, but it means a set rate will apply. 

So, say you want to make a purchase on a Sunday and don’t have enough of the local currency. You won’t be able to make the exchange before making a purchase, instead it will be automatically converted from your Australian dollars account and you'll get the exchange rate available at the time. All this can be really tricky - so make sure you check the fine print and understand which exchange rates apply when before you start using this account.

Details

Rates and fees information correct as at 13 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.
    Balances from $9,000: 0.05% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited free transactions from HSBC ATMs, EFTPOS, phone, internet, Bank@Post, BPAY and direct debits

  • $0.00

  • HSBC

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • 0%

  • $0.00 monthly

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • no

  • no

  • yes

  • yes

  • no

  • yes

  • yes

  • none

  • Ability to exchange USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD and CNY ahead of time and transact in that currency at the time of purchase. A bonus $100 for new customers who open an account before 31 March 2020 and deposit $2,000 or more per month for three consecutive months within first 6 months. A 2.00% cashback up to $50 per month on tap and pay purchases under $100 available with deposits of $2,000 each month.

Atm card
  • none

  • none

  • none

Debit card
  • $0.00

  • $0.00

  • 0%

Payment options

Apple Pay, Google Pay, PayID

Customer Reviews

How are HSBC bank accounts rated by the Mozo community?

Overall customer rating
7.0/10
Price
7.0/10
Features
6.4/10
Customer service
6.8/10
Convenience
6.3/10
Trust
7.1/10
HSBC

About HSBC

HSBC in Australia is part of the HSBC Group, one of the world's largest banking and financial services organisations. HSBC has products for every money need you can think of, including savings accounts and term deposits for your day-to-day money management, a suite of home loans to finance your dream home, plus credit card and personal loan options. With branches all over the world, HSBC is the world's local bank!

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