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Foreign Currency Account (CombiNations Account)

HSBC Foreign Currency Account (CombiNations Account)

A foreign currency denominated interest-bearing account (FCA) which provides the opportunity to hold accounts in up to 12 foreign currencies.
  • Ability to make smarter investment decisions
  • Fixed returns on your deposits placed with us on different tenures ranging from 1 to 12 months
  • Convenience of opening an account online
Denominations offered: USD, GBP, AUD, SGD, EUR, YEN, BND, CAD, CHF, NZD, HKD and CNY.

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

An alternative form of investment with fixed returns

A Foreign Currency Time Deposit Account assures you fixed returns 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 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.

 

Types of accounts

Foreign Currency Savings Account

With a wide range of currencies available, the HSBC Foreign Currency Savings Account provides an easy way for you to save in a foreign currency:

  • Low minimum account balance requirements
  • Easy access to your funds via branch and personal internet banking

Foreign Currency Time Deposit Account

An account that offers a fixed interest 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 tenures: 1, 3, 6, 9 and 12 months (except for CNY which is only available in 1-month tenure)
  • Upon maturity, you can re-invest your funds or withdraw some or all of your funds
  • Access and open new Foreign Currency Time Deposit Account conveniently through personal internet banking

How much do I need to open a HSBC Foreign Currency Account?

Minimum deposit amount
Type of currency Foreign Currency Savings Account Foreign Currency Time Deposit Account
USD United States 1,000 3,000
GBP Great Britain 500 2,000
AUD Australia 1,500 3,000
SGD Singapore 1,500 4,000
EUR European Union 700 2,000
JPY Japan 100,000 300,000
BND Brunei 1,500 4,000
CHF Switzerland 1,000 3,500
HKD Hong Kong 7,000 25,000
CAD Canada 1,000 3,000
NZD New Zealand 1,500 4,500
CNY China 7,000 20,000
Minimum deposit amount
Type of currency USD United States
Foreign Currency Savings Account 1,000
Foreign Currency Time Deposit Account 3,000
Type of currency GBP Great Britain
Foreign Currency Savings Account 500
Foreign Currency Time Deposit Account 2,000
Type of currency AUD Australia
Foreign Currency Savings Account 1,500
Foreign Currency Time Deposit Account 3,000
Type of currency SGD Singapore
Foreign Currency Savings Account 1,500
Foreign Currency Time Deposit Account 4,000
Type of currency EUR European Union
Foreign Currency Savings Account 700
Foreign Currency Time Deposit Account 2,000
Type of currency JPY Japan
Foreign Currency Savings Account 100,000
Foreign Currency Time Deposit Account 300,000
Type of currency BND Brunei
Foreign Currency Savings Account 1,500
Foreign Currency Time Deposit Account 4,000
Type of currency CHF Switzerland
Foreign Currency Savings Account 1,000
Foreign Currency Time Deposit Account 3,500
Type of currency HKD Hong Kong
Foreign Currency Savings Account 7,000
Foreign Currency Time Deposit Account 25,000
Type of currency CAD Canada
Foreign Currency Savings Account 1,000
Foreign Currency Time Deposit Account 3,000
Type of currency NZD New Zealand
Foreign Currency Savings Account 1,500
Foreign Currency Time Deposit Account 4,500
Type of currency CNY China
Foreign Currency Savings Account 7,000
Foreign Currency Time Deposit Account 20,000

Apply for HSBC Foreign Currency Account

Apply online

On-the-go or in the comfort of your home, you can open an HSBC Foreign Currency Savings Account via personal internet banking (only available for existing HSBC Bank MYR Demand Deposit1 Account holders registered with internet banking).

1HSBC Bank MYR Demand Deposit Accounts are: Premier Account, Premier Junior Savings Account, Advance Account, Statement Savings Account, Passbook Savings, Basic Savings Account, Generic Current Account and Basic Current Account.