HSBC Savings Account
If all you want to do is keep your money safe, you can achieve just that with HSBC Savings Account. What's more, with your free ATM card, and online banking, you can carry out a wide range of banking transactions, 24 hours a day, 7 days a week.
Benefits
- Interest-bearing accountWhere rates may fluctuate from time to time.
- An ATM Card will be issued for freeCan be used to access your account 24 hours a day, 7 days a week, both locally and abroad for cash withdrawals and balance enquiries
- A minimum balance of Rs 5,000 should be maintained to receive interest
- Account is available in local currency and foreign currency
- A commission is charged for deposit and withdrawals from foreign currency accounts only
- Deposits or withdrawals may be made at any HSBC branch in Mauritius
- Receive funds instantly from other connected local banks and transfer funds straightaway to your local e-wallet through MauCAS (Mauritius Central Automated Switch). Learn more
- Interest is accrued on daily credit balanceCredited on a half-yearly basis to your account (on 01 June and 01 December of each year).
- Convenient and easy to understand statementsAn updated record of your transactions, together with the balance, is sent on a half-yearly basis to you free of charge.
- Standing orders and direct debit payments are allowedYou may amend, cancel or put on hold your existing standing orders and direct debit by contacting us or by sending a secured message on your Personal Internet Banking.
- Accounts can be opened at any HSBC branch in Mauritius
- No minimum amount is required to open a savings account
- Register to Personal Internet Banking to access your account details, obtain your statements, make transfers and payments online.
Eligibility
To be eligible for a savings account:
- Individuals must be aged 18 years or older
- For under-18s, an account has to be operated by a parent or responsible party
- Foreign nationals must produce a letter of reference from their main overseas banks
Apply now
Contact us or find your nearest branch to apply in person.
Documents required
Documents you'll need to open an HSBC Savings Account:
- Proof of identity - an identity card or passport
- Letter of reference from main bank overseas (for expatriates)
- 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
Related products
Current account
More flexibility in managing your finances.
Grow your savings with HSBC Fixed Deposit account
Receive a higher rate of interest.
Foreign currency account
Deposit money in a choice of major currencies.