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 HSBC's Foreign Currency
Foreign Currency Account-i (eligible for protection by PIDM)
 
 
CONVENIENCE OF OPENING AN ACCOUNT ONLINE

On-the-go or in the comfort of your home - now, you can open an HSBC Amanah
Foreign Currency Account-i via Personal Internet Banking (only available for
existing HSBC Amanah MYR Demand Deposit1 Account Holders registered with
Personal Internet Banking).

 

1HSBC Amanah MYR Demand Deposit Accounts are:
Premier Account-i, Advance Account-i, Basic Savings Account-i and Basic Current Account-i.


What is HSBC Amanah Foreign Currency Account-i?

HSBC Amanah Foreign Currency Account-i (FCA-i) is a foreign currency denominated
account which currently provides customers with the opportunity to hold accounts in
up to 6 foreign currencies.



Why should you open an HSBC Amanah Foreign Currency Account-i?

With a wide range of currencies available, the HSBC Amanah Foreign Currency Account-i provides
an easy way to save in a foreign currency.

Hedge against exchange rate fluctuations
HSBC Amanah Foreign Currency Account-i 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


An alternative form of investment with fixed profits
A Foreign Currency Term Deposit-i Account assures you fixed
profits on your deposits placed with us on different tenures
ranging from 1 to 12 months.


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-i 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.


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.


Type of Accounts

To Residents and Non-Residents of Malaysia, HSBC Amanah offers two types of accounts to save
in a foreign currency:

Foreign Currency Savings Account-i
Based on Shariah principle of Wadiah (safekeeping).

With a wide range of currencies available, the HSBC Amanah Foreign Currency Savings Account-i
provides an easy way for you to save in a foreign currency.
• Low minimum account balance requirements (Refer to Table A below).
• Easy access to your funds via Branch and HSBC Amanah Personal Internet banking.


Foreign Currency Term Deposit-i Account
Based on Shariah principle of Commodity Murabahah.

An account that offers a fixed profit rate for your chosen tenure (ranging from 1 to 12 months).
It is an ideal solution to help you earn potentially higher returns on your foreign currency than a
normal savings account.
• Choose from a range of major foreign currencies (Refer to Table A below).
• Choose from a range of tenures: 1, 3, 6, 9 and 12 months.
• Upon maturity, you can re-invest your funds or withdraw some or all of your funds.
• Access and open new Foreign Currency Term Deposit-i account conveniently through your
HSBC Amanah Personal Internet banking.



Foreign Exchange (FX) Products and Services - FAQ

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What's New

Notice: Up to RM1,195* in Cash Back & Rewards are up for grab when you apply HSBC Amanah Credit Card-i online

Contact HSBC Amanah

Local Call - 1300 80 2626

Overseas Call - 603 8321 5200

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