HSBC Takes Care of Your Children Abroad

Once your children have gained admission to their choice university, it is time to prepare for their relocation to study abroad. Besides sorting out their student visa and accommodation as well as considering things like how they are going to move about or the kind of protection they will need, it is important to ensure that all their financial requirements are taken care of as well. HSBC Premier not only takes care of all of this and more with a convenient banking solution but also makes the journey abroad smoother for you and your children. The benefits start even before your children leave for university overseas:

Open an International Account from Malaysia

HSBC can set up a bank account and all the necessary banking facilities including ATM card and internet banking at the destination country, right here in Malaysia. So the account will be ready to use even before your children’s arrival, subject to host country’s approval.

No Global Transfer Fees

You can transfer money instantly to your children in 23 receiving countries whenever required, 24/7 and also from anywhere, at no cost. There is no transfer fee between HSBC accounts globally (applicable to HSBC Premier and HSBC Advance customers only).

Preferential Exchange Rates

HSBC Premier customers will enjoy better rates with real-time exchange rates whenever you are making foreign currency conversions 24/7 whether it’s via online or mobile banking transfers. Using your HSBC Everyday Global Account* (Multi-currency Account), you can also get the best rates by converting up to 11 different currencies in real-time or make a transfer at your preferred rate.

Convenient Access to Funds Overseas

With an HSBC Premier account*, your children will have easy access to their bank account in different countries, can withdraw cash easily at convenient 24/7 ATMS available everywhere and transfer money to pay for their accommodation and bills.

Multi-currency Debit Card With the HSBC Everyday Global

Visa Debit Card which allows you to buy, save and transfer in 11 currencies at competitive real-time rates, your children can make online or in-store purchases using local currencies anywhere in the world without conversion fees and also make withdrawal at ATMS, without conversion fees. They can save more with discounts when they use their debit card.

Access to Emergency Assistance & Rescue

If your children lose their wallet or handbag, they can get swift help by calling the exclusive 24/7 HSBC Premier Contact Centre to block ATM and credit cards. To ease such situations, they can apply for emergency encashment services on the spot at any HSBC branches worldwide. They can also apply for an emergency card replacement at selected branches worldwide.

Speak to an HSBC Relationship Manager on the right banking solutions for you and your child.

*HSBC Malaysia is a member of Perbadanan Insurans Deposit Malaysia (PIDM). Protected by PIDM up to RM250,000 for each depositor.