Foreign Currency Deposit Account

Set free from worries of exchange rate fluctuations

If you are looking for a simple, safe and convenient way to make your money grow, look no further. A foreign currency fixed deposit account from HSBC provides you with attractive rates and security.

You have a choice of 5 major foreign currencies, namely,
- UK Pound Sterling (GBP); US Dollar (USD); Canadian Dollar (CAD); Hong Kong Dollar (HKD); EURO (EUR)

Know more

• Benefits and Features
• Eligibility criteria
• Documents Required

• For frequent travellers: Triple Access feature of HSBC ATM Card allows you to withdraw cash from up to 3 accounts, including Foreign Currency Accounts
• Withdrawals from ATMs abroad would be in the country’s local currency
• If withdrawal is in the same currency as Foreign Currency Account account, no conversion required and same amount debited to account
• Individuals, as well as businesses, can protect themselves from currency fluctuations by holding Foreign Currency Accounts.

• The minimum balance requirements for the opening of Foreign Currency Accounts are as follows:
  
  

  	GBP	USD	HKD	CAD	EUR
  SAV	2000
  Fixed Deposit	5000

• The interest rates applicable to the different currencies are subject to daily fluctuations
• Interests will accrue to the day prior to maturity of the deposits, is payable on the due date and may be either withdrawn or added to the principal
• Withdrawals can be made in cash (depending on availability), or by means of Bank Draft, Travellers Cheques or Telegraphic Transfer to an overseas account
• Foreign Currency Deposits (cash or cheques) are subject to Bank charges/Commission In Lieu of Exchange (CILE) at Bank’s discretion
• Withdrawals on Foreign Currency Account Accounts (Savings only) can be made with an HSBC ATM Card and Visa/Plus ATM network in Mauritius and abroad

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• Individuals aged 18 years and above
• Accounts for minors must be operated by the parent or an authorised person
• Accounts can be opened for: individual(s) (sole or joint), society, partnership or for a company
• For joint accounts, a joint mandate must be completed and signed by all parties
• No introducer required
• Minimum initial deposit required as indicated under "Features"
• Foreign nationals should produce a Letter of Reference from their main banks overseas

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Foreign Currency Fixed Deposit Account

• Completed Account Opening form
• Completed Signature Card
• Proof of identity - Identity card or passport
• Account Opening terms and conditions
• A Letter of Reference from the main overseas banks (for foreign nationals)
• Birth certificates (for minors)
• For large cash deposits, evidence of source of funds must be produced

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