HSBC Foreign Currency Account (CombiNations Account)
Features & benefits
- Ability to make smarter investment decisions
- Easy access to your funds via HSBC online banking
- Low minimum account balance requirements
How HSBC Foreign Currency Account can help you
Hedge against exchange rate fluctuations
HSBC Foreign Currency Account is a good option to hedge against exchange rate fluctuations by keeping money in the account until the rate is beneficial to you. It is suitable for individuals with the following current or future needs:
- Parents with children studying overseas
- Individuals who are employed overseas or receive regular income abroad
- Repatriation of funds from individual Foreign Currency Accounts offshore to be sent back to Foreign Currency Accounts onshore
Funding for your child's future education
If you plan to send your child to study overseas, for example in Australia, saving your child's education fund in an Australian Dollars denominated FCA will potentially save you the worries of Australian Dollars appreciating against the Malaysian Ringgit. This may help you better manage your budget to support your child's education.
Make smarter investment decisions
Keep tabs on the latest currency performance and market updates on our new FOREX web page.
For Non-Residents employed in Malaysia to retain funds
If you are a Non-Resident employed in Malaysia, you may retain funds in foreign currency received from overseas.
How much do I need to open a HSBC Foreign Currency Account?
| Type of currency |
Foreign Currency Savings Account |
|---|---|
| USD United States |
1,000 |
| GBP Great Britain |
500 |
| AUD Australia |
1,500 |
| SGD Singapore |
1,500 |
| EUR European Union |
700 |
| JPY Japan |
100,000 |
| BND Brunei |
1,500 |
| CHF Switzerland |
1,000 |
| HKD Hong Kong |
7,000 |
| CAD Canada |
1,000 |
| NZD New Zealand |
1,500 |
| CNY China |
7,000 |
| Type of currency |
USD United States |
|---|---|
| Foreign Currency Savings Account |
1,000 |
| Type of currency |
GBP Great Britain |
| Foreign Currency Savings Account |
500 |
| Type of currency |
AUD Australia |
| Foreign Currency Savings Account |
1,500 |
| Type of currency |
SGD Singapore |
| Foreign Currency Savings Account |
1,500 |
| Type of currency |
EUR European Union |
| Foreign Currency Savings Account |
700 |
| Type of currency |
JPY Japan |
| Foreign Currency Savings Account |
100,000 |
| Type of currency |
BND Brunei |
| Foreign Currency Savings Account |
1,500 |
| Type of currency |
CHF Switzerland |
| Foreign Currency Savings Account |
1,000 |
| Type of currency |
HKD Hong Kong |
| Foreign Currency Savings Account |
7,000 |
| Type of currency |
CAD Canada |
| Foreign Currency Savings Account |
1,000 |
| Type of currency |
NZD New Zealand |
| Foreign Currency Savings Account |
1,500 |
| Type of currency |
CNY China |
| Foreign Currency Savings Account |
7,000 |
Apply for HSBC Foreign Currency Account
Find a nearest branch and talk to our staff about applying for Foreign Currency Account.
Frequently asked questions
Things you should know
Disclaimer:
All payments and transfers are required to comply with Bank Negara Malaysia’s Foreign Exchange Policy (FEP) requirements. Customers are advised to review the FEP guidelines and ensure that all transactions adhere to the regulations. HSBC Malaysia reserves the right to decline investments that do not meet the FEP criteria. For more information, please refer to our FEP guide.
Foreign currency account maintenance fee will be applied for any month that aggregate balance of RM20,000 equivalent is not met.
Member of Perbadanan Insurans Deposit Malaysia
Protected by Perbadanan Insurans Deposit Malaysia up to RM250,000 for each depositor*.
*Click here for more details on PIDM protection.
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