HSBC Bank Account for Non Resident [Step 2]

Learn more about account types which you should choose. It’s important; it’s about your budget as well.

STEP 2: Choose account type
There are two types of account, the Free and the Premier. You would find better to open the “Free”. The Premier charges a $50 fee every month. The “Free” doesn’t charge anything monthly.

The account is free as long as it as money moving on it. If the account becomes inactive then it will pass to a “Basic” model with a $3 monthly fee.

To qualify for HSBC Premier, you need to maintain $100,000 in combined personal deposit and investment balances or $500,000 in combined personal deposit, investment, and credit/mortgage balances. Business owners may use their commercial balances to qualify for personal Premier membership. A monthly maintenance fee of $100 will be incurred if minimum balance requirements are not maintained.

To speak to a Relationship Manager about becoming a Premier client, outside the U.S. call collect 1-716 841-6866.