HSBC Expat
traditional bank
HSBC Expat is headquartered in Jersey (Channel Islands) and specifically designed for internationally mobile individuals. It offers multi-currency accounts in 19 currencies, international mortgage services, global investment products, and the ability to open accounts before relocating. Monthly fee is waived for customers maintaining a qualifying balance or salary credit. Does not accept US persons due to FATCA compliance complexity. Strong proposition for HSBC Premier customers moving internationally as account history transfers globally. FSCS protection does not apply; deposits are protected under the Jersey Banking Depositor Compensation Scheme up to GBP 50,000.
Details
- Headquarters
- Jersey
- Currencies
- 19
- Monthly Fee
- $35
- Non-Residents
- Accepted
- US Persons
- Not accepted
- Debit Card
- Available
- Business Account
- Not available
Opening Requirements
- •Minimum deposit or salary requirement (typically USD 75,000 equivalent or GBP 50,000 salary)
- •Certified government-issued photo ID
- •Certified proof of address
- •Employer letter or proof of expat status
- •Source of funds documentation
Restricted Nationalities
Not available to nationals of: united-states, north-korea, iran, cuba, syria