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 Opening a Bank Account in Singapore

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47100
post Jan 22 2021, 02:04 PM

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QUOTE(polarzbearz @ Dec 20 2020, 03:39 PM)
If you're already a HSBC Premier holder, you can open foreign account but need to first validate via any HSBC Branch or your Relationship Manager then they'll route it to International Banking Centre (IBC) to take over after thumbprint verification.

There's no premier fees in other country - since the qualification comes from Malaysia (>250K holdings, Perks@Works, or >1mil mortgage loan with HSBC). But there might be minimum holdings required depending on country you're opening the account. Note that you can only open Premier account overseas, not basic ones, via the Premier International banking feature.

Tho for Singapore I'd rather to go with CIMB route since it's practically free and you don't have to worry about premier status or minimum holdings; or Maybank which only requires $1K SGD holding sweat.gif
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hi , do you happen to know if HSBC premier in SG, has foreign cash withdrawal function?
example, i have a EUR account with HSBC, and i want to withdraw EURO in cash at Singapore HSBC branch.
in MY, we can not.

Thanks.
47100
post Jan 23 2021, 04:44 PM

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QUOTE(Ramjade @ Jan 23 2021, 12:59 PM)
All Singapore banks allow you to withdraw foreign cash. You need to pay
1) 1-2% in withdrawal fees
2) markup exchange rate

Your choice I wouldn't bother with withdrawing foreign cash in Singapore especially when they have lots of good overseas travel card from revolut, instarem, transferwise and revolut.
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Thank you for your input, good info.
Reason I ask because in HSBC China bank , u can withdraw foreign cash at no additional cost.
I wonder does it works the same at other places too.
47100
post Aug 29 2021, 12:24 AM

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hi..does anyone have info on HSBC singapore will allow withdrawal of cash in foreign acocunt? Example: withdraw USD from the USD account. no conversion of any currency,
47100
post Aug 31 2021, 02:14 AM

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QUOTE(MilesAndMore @ Aug 30 2021, 08:31 PM)
It's possible but there is a handling fee of 1.5%. This fee applies to cash deposit as well as cash withdrawal in any currency other than Singapore Dollar.

There are however, ways of getting around it. Like when you withdraw from HSBC UK ATM in either Pound Sterling or Euro from your Everyday Global Account. And cash withdrawal at HSBC Group ATM worldwide is free of charge for all HSBC Premier/Jade/Private Banking clients.

Another way is to withdraw the foreign currency at HSBC Hong Kong. For this you must also be a HSBC Hong Kong client.
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Thank for the input.

Just to clarify, i have a china hsbc premier debit card, and my account has EUR account.
If I am in Germany for instance, I find a hsbc atm and put my china hsbc debit card, i can withdraw my EUR in cash from my EUR account without fees, is this what you mean?

In china, i can withdraw EUR over the counter without any fee in cash. Which is very nice.
It appears not many countries can do this, even if you hold the origin country premier account.



 

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