Get Getting Even - Hsbc Singapore

Yes, foreigners can open a bank account in Singapore, provided they have the necessary documents. Here's everything you need to know about the account opening process, the documents required, and things to watch out for.

If you're a foreigner in Singapore, you can explore alternative banking options like foreign banks (HSBC, Standard Chartered), digital banks (GXS Bank, Trust Bank), or multi-currency accounts like Wise. Consider these options ing to your banking needs.

As long as you meet at least one of these criteria, you'll be eligible to apply for an HSBC Premier Banking relationship. Minimum of S$200,000 (or its equivalent in foreign currency) in your TRB. Credit your monthly salary of at least S$15,000 into an HSBC Everyday Global Account.

Premier Eligibility Criteria: • Place a minimum of S$200,000 (or its equivalent in foreign currency) in Total Relationship Balance or • Credit a monthly salary of minimum S$15,000 or • Take up a Singapore property loan size of minimum S$1,000,000 or an Australian property loan size of minimum A$200,000 For more ...

For Singaporeans or residents of Singapore, we recommend applying with MyInfo for faster processing. If you don't have MyInfo, you'll need to apply with HSBC EasyID. You'll need: - an original identity document — such as your Singapore NRIC, Malaysia MyKad, or your passport.

Fees and charges We charge a monthly minimum account balance fee of SGD5. But you'll only need to pay this if the average daily balance in your HSBC Everyday Global Account was below SGD2,000 in the previous calendar month.

For a Premier Account, a minimum, monthly average balance of TWD 3 million is required. If the Bank's requirement for minimum average balance is not maintained, the Bank shall have the right to collect the account administration charge of TWD 1,000 or equivalent foreign currency per month, prescribed by the Bank.

Have an individual annual income of at least £75,000 and 1 of the following with HSBC UK: a mortgage, an investment, life insurance or a protection product. You'll also need to pay your annual income into your HSBC Premier Bank Account.