Set free from worries of exchange rate fluctuations

If you are looking for a simple, safe and convenient way to save your money, look no further. A foreign currency account from HSBC provides you with attractive rates and security. You have a choice of major foreign currencies: Australian Dollar (AUD), Canadian Dollar (CAD), Euro (EUR), Chinese Yuan (CNY), Hong Kong (HKD), Pound Sterling (GBP), South African Rand (ZAR), and United States Dollar (USD).

Benefits

  • Protect yourself from foreign currency exchange rate fluctuations by holding foreign currency accounts
  • A minimum balance of 2000 units of the foreign currency should be maintained to receive interest
  • For frequent travelers: Withdrawals on foreign currency account can be made with an HSBC ATM Card and Visa/Plus ATM network in Mauritius and abroad
  • If withdrawal is in the same currency as foreign currency account, no conversion fee will be charged
  • Withdrawals can be made in cash (depending on availability), or by means of Bank Draft or Telegraphic Transfer to an overseas account
  • Foreign currency deposits (cash or cheques) are subject to bank charges
  • Current account in foreign currency is not available

Eligibility criteria

To be eligible for an HSBC Foreign Currency Account:

  • Individuals must be aged 18 or older
  • For under 18s, an account has to be operated by a parent or responsible party
  • Foreign nationals should produce a letter of reference from their main banks overseas

Documents required

You'll need the following documents in order to apply for an HSBC Foreign Currency Account:

  • Proof of identity - identity card or passport
  • Letter of reference from the main overseas banks (for foreign nationals)
  • Proof of address - Central Electricity Board, Central Water Authority, or Mauritius Telecom
  • Bank statements for the last 3 months (for expatriates)
  • Proof of work permit (for expatriates)
  • Evidence of source of funds may be requested from customers

 

Terms and conditions apply.

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