If you’re looking for a bank account that grows with you, you might want to consider HSBC Advance Banking in Singapore. This all-in-one account offers a range of products and services that can help you meet your financial needs as you progress through life’s milestones. With HSBC Advance Banking, you can enjoy exclusive benefits and rewards, as well as banking made easy with digital solutions.
One of the key features of HSBC Advance Banking is the exclusive benefits and rewards that come with it. For instance, you can earn generous cashback on everything you spend with the HSBC Advance Credit Card. You can also enjoy a range of financial products and services, including loans, mortgages, savings, investments and credit cards, all in one place. Plus, you can access a suite of wealth investment and forex currency options that can help you grow your wealth.
HSBC Advance Banking also offers banking made easy with digital solutions. You can carry out your everyday transactions and more securely on your enhanced online banking platform. Features include the ability to register for online banking, view your account balances and transaction history, transfer funds, pay bills, and more. You can also access HSBC’s mobile banking app, which lets you manage your finances on the go.
Key Takeaways
- HSBC Advance Banking in Singapore is an all-in-one account that offers a range of products and services to meet your financial needs as you progress through life’s milestones.
- With HSBC Advance Banking, you can enjoy exclusive benefits and rewards, as well as banking made easy with digital solutions.
- Eligibility requirements apply, and you can apply for HSBC Advance Banking online or in person at a branch.
What Is HSBC Advance Banking?
If you’re looking for an all-in-one banking solution, HSBC Advance Banking could be the perfect option for you. This personal banking service offers a range of products and services that can grow with you as you progress through different stages of life.
HSBC Advance Credit Card Perks
One of the main benefits of HSBC Advance Banking is the HSBC Advance Credit Card. With this card, you can earn generous cashback on everything you spend, both locally and overseas. Enjoy up to 3.5% cashback on all your purchases and get rewarded with up to SGD4,000 annually.
But that’s not all. The HSBC Advance Credit Card also offers a range of other perks such as:
- No annual fee for the first year
- Complimentary travel insurance
- Discounts on dining, shopping, and entertainment
- Contactless payments for quick and easy transactions
Everyday Global Account Benefits
Another key feature of HSBC Advance Banking is the Everyday Global Account. This account allows you to manage your finances easily and conveniently, wherever you are in the world.
Some of the benefits of the Everyday Global Account include:
- No minimum balance requirement
- Easy access to your funds through online banking, mobile banking, and ATMs
- No fees for overseas cash withdrawals
- Competitive foreign exchange rates
With HSBC Advance Banking, you can enjoy a range of benefits and services that can help you manage your finances more effectively. Whether you’re looking for a credit card with great rewards or an account that offers easy access to your funds, HSBC Advance Banking has you covered.
Exclusive Benefits and Rewards
If you are looking for a banking solution that rewards you for your spending, the HSBC Advance banking account might be the perfect choice for you. Here are some of the exclusive benefits and rewards you can enjoy:
Rewarding Cashback Offers
With the HSBC Advance Credit Card, you can earn up to 3.5% cashback on everything you spend, both locally and overseas. There is no minimum spend required, and the cashback is simple and fuss-free. You can earn 1.5% cashback on up to $2,000 spend and 2.5% cashback after $2,000 spend. If you join the HSBC Everyday+ Rewards Programme, you can earn an additional 1% cashback to bring the total to 3.5% cashback. The base cashback is capped at $70 per month.
HSBC Everyday+ Rewards Programme
The HSBC Everyday+ Rewards Programme is a loyalty programme that rewards you for your everyday spending. You can earn additional cashback on top of the cashback you earn with your HSBC Advance Credit Card. The programme is free to join, and you can earn cashback on a range of spending categories, including dining, groceries, petrol, and more. You can also enjoy exclusive discounts and offers from a range of merchants.
To summarise, with the HSBC Advance banking account, you can enjoy rewarding cashback offers on your spending, and you can earn additional cashback with the HSBC Everyday+ Rewards Programme. There is no minimum spend required, and the cashback is simple and fuss-free. Joining the HSBC Everyday+ Rewards Programme is free, and you can earn cashback on a range of spending categories.
Understanding Fees and Charges
As an HSBC Advance banking customer in Singapore, you will have access to a range of financial services and products. However, it is important to understand the fees and charges that come with these services to avoid any surprises.
Annual Fees and Waivers
The HSBC Advance Credit Card comes with an annual fee of $192.60, which is waived for the first year. However, if you charge a minimum of $12,500 to the card in each subsequent year, the fee will also be waived. This fee is also waived for HSBC Advance banking customers.
Transaction Charges and Interest Rates
HSBC Advance banking customers in Singapore do not incur any transaction charges for ATM withdrawals or fund transfers. However, if you use your HSBC Advance Credit Card for cash advances, a cash advance fee of 6% of the amount withdrawn or $15 (whichever is higher) will be charged.
The interest rate for the HSBC Advance Credit Card is 25.9% per annum, and the interest-free period is 20 days. If you fail to make your payment on time, a late payment fee of $55 will be charged. Additionally, if you exceed your credit limit, an overlimit fee of $40 will be charged.
It is important to keep in mind that these fees and charges are subject to change, and it is recommended that you check with HSBC for the latest information.
Overall, understanding the fees and charges associated with HSBC Advance banking in Singapore is crucial to managing your finances effectively. By staying informed, you can avoid unnecessary charges and enjoy the benefits of being an HSBC Advance customer.
Banking Made Easy with Digital Solutions
HSBC Advance Banking Singapore offers digital solutions that make banking effortless. With just a few clicks, you can easily manage your finances and make transactions from the comfort of your own home.
Effortless Online Banking and Transfers
With HSBC’s online banking platform, you can access your account information and perform transactions anytime, anywhere. You can easily transfer funds to other HSBC accounts or to other banks in Singapore using PayNow. You can also pay your bills and manage your credit card accounts with ease.
In addition, HSBC’s online banking platform provides access to Wise, a low-cost international money transfer service. This service allows you to send money abroad with competitive exchange rates and low transfer fees.
Mobile Banking Features
HSBC’s mobile banking app puts banking at your fingertips. You can check your account balance, view your transaction history, and transfer funds on the go. The app also provides access to PayNow and Wise, making it easy to make transactions wherever you are.
HSBC’s mobile banking app also provides enhanced security features, such as biometric authentication and a digital security key. This ensures that your account information and transactions are kept safe and secure.
Overall, HSBC Advance Banking Singapore’s digital solutions make banking easy and convenient. With online banking and mobile banking features, you can manage your finances anytime, anywhere.
Eligibility and How to Apply
If you are looking to open an HSBC Advance account in Singapore, there are certain eligibility criteria that you must meet. Here are the requirements and application process:
Meeting the Income Requirement
To be eligible for an HSBC Advance account, you must have a minimum annual income of SGD30,000 if you are a Singaporean or Permanent Resident. If you are a self-employed or commission-based Singaporean or Permanent Resident, the minimum annual income requirement is SGD40,000. It is important to note that these are the minimum income requirements, and you may need to provide additional documentation to prove your income.
Application Process and Documents
The application process for an HSBC Advance account is straightforward and can be completed online. To apply, you will need to provide the following documents:
- A copy of your NRIC (front and back)
- Proof of income (e.g. latest computerised payslip, latest Notice of Assessment from the Inland Revenue Authority of Singapore)
- For self-employed individuals, a copy of your latest ACRA Business Profile or Income Tax Notice of Assessment
Once you have gathered all the necessary documents, you can apply for an HSBC Advance account online. The process is quick and easy, and you should receive a response within a few business days.
In conclusion, opening an HSBC Advance account in Singapore is a great way to manage your finances and take advantage of the many benefits that come with being an HSBC customer. With a minimum income requirement of SGD30,000 for Singaporeans and Permanent Residents, and an easy online application process, there’s never been a better time to open an HSBC Advance account.
Frequently Asked Questions
What exciting perks come with the HSBC Advance account?
With an HSBC Advance account, you get access to a range of exciting perks that make banking with us even more rewarding. You can enjoy exclusive discounts on dining, shopping, travel, and more. Additionally, you can earn cashback on your local and overseas purchases with the HSBC Advance Credit Card. You can also enjoy preferential interest rates on your savings and loans, and have access to a dedicated Relationship Manager who will provide you with personalized banking solutions.
How can I access my HSBC Advance account online?
To access your HSBC Advance account online, you can log in to our secure online banking platform using your username and password. You can also use our mobile banking app to manage your account on the go, and make transactions with ease. If you have any trouble accessing your account online, you can contact our customer support team for assistance.
Who do I contact for support with my HSBC Advance account?
If you require support with your HSBC Advance account, you can contact our dedicated customer support team via phone, email, or live chat. Our team is available 24/7 to assist you with any queries or concerns you may have.
Where can I download the HSBC Advance mobile banking app?
You can download the HSBC Advance mobile banking app from the App Store or Google Play Store. The app is free to download and provides you with a range of convenient features, including the ability to view your account balances, make transfers, pay bills, and more.
What are the latest offers available with the HSBC Advance credit card?
As an HSBC Advance Credit Cardholder, you can enjoy a range of exciting offers and discounts on dining, shopping, travel, and more. You can earn up to 3.5% cashback on your local and overseas purchases, and earn over $4,000 cashback annually with your HSBC Advance Credit Card. Visit our website to learn more about the latest offers available with the HSBC Advance Credit Card.
How do I locate the nearest HSBC branch in Singapore for in-person services?
You can locate the nearest HSBC branch in Singapore by using our branch locator tool on our website. Simply enter your location, and the tool will provide you with a list of the nearest branches, along with their operating hours and contact details. You can also contact our customer support team for assistance in locating the nearest branch.