HSBC Everyday Global Account
![HSBC Everyday Global Account](https://www.finder.com.au/niche-builder/5e97efc38570b.png)
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $0
Our verdict
You can earn 2% cashback on tap and pay purchases and hold 10 different currencies with this everyday transaction account.
Arguably the biggest benefit of this account compared to other transaction accounts is that you can earn 2% cashback on tap and pay purchases under $100. This is capped at $50 per month, which allows you to earn up to $600 over the year just in cashback. To be eligible for the cashback benefit you need to deposit $2000 a month, which could be easy to do if you get your salary deposited into the account.
This account won Best Travel Debit Card at the 2024 Finder Awards. It was highly commended in the Best Transaction Account category.
As well as the cashback perk, you can hold up to 10 different currencies in the account at once which allows you to pay like a local when you’re overseas. There are no international transaction fees which can also save you a lot of money when traveling, as these can be as high as 3.5% of the transaction value with other accounts.
Even if you don’t travel much, you can still save money from paying no international transaction fees when shopping online from international retailers.
Pros
-
Earn 2% cashback on tap and pay purchases under $100, up to $50 in cashback per month (subject to terms and conditions)
-
$0 monthly account fees and international account fees
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Buy, hold and spend in up to 10 currencies with the HSBC app
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Apple Pay and Google Pay available
Cons
-
You can only pre-load up to 10 currencies
-
Fees apply to deposit foreign currency notes into the account
Details
Key details
Product Name | HSBC Everyday Global Account |
Monthly account fee | $0 |
Card access | Visa |
Own network ATM fee | $0 |
International transaction fee | 0% |
Monthly deposit required to waive account fee | N/A |
Contactless Payments | Apple Pay, Google Pay |
Eligibility
Minimum Age | 16 |
Joint account availability | Yes |
Minimum opening deposit | N/A |
Residency status | Have an Australian Residential Address |
![Image: Finder Customer Satisfaction Logo](https://www.finder.com.au/finder-au/wp-uploads/2024/03/ProductInnovation_Winner-Finalist_500x300-1.png)
Congratulations, HSBC!
HSBC Everyday Global Account received the following awards in the 2024 Product Awards:
- 'Travel Debit Card' - Winner
- 'Transaction Account' - Highly Commended
Your reviews
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Finder
Editor
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![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/10/Sarah-Megginson_2023_600x600.jpg)
Sarah Megginson Finder
July 18, 2024
Hi Susan,
This account is available to personal customers only. If you have a business registered in your own personal name as a sole trader, you might be able to use this account to receive business income, but you can’t open this account in a pty ltd business name.
Hope this helps!
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![Avatar](https://www.finder.com.au/global/images/finder-default-gravatar-64.png)
MD
January 23, 2024
Hi. If I make a purchase online overseas but from Australia, eg pay for accomodation in Italy for a holiday in a few weeks, is there a foreign currency conversion fee ?
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/10/Sarah-Megginson_2023_600x600.jpg)
Sarah Megginson Finder
March 25, 2024
That’s right, there will be no international transaction fee charged. The money will be converted from your AUD balance at the current Visa exchange rate on that day.
![Avatar](https://www.finder.com.au/global/images/finder-default-gravatar-64.png)
kk
December 14, 2023
If I deposit $2000 do I get the cashback immediately? And can I withdraw it again?
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/10/Sarah-Megginson_2023_600x600.jpg)
Sarah Megginson Finder
January 05, 2024
Hi KK, According to the terms and conditions, these are paid when the transaction is processed and is no longer a pending transaction. There may be instances where cashback can take up to 30 business days to be processed and paid (such as when HSBC needs to manually process cashbacks).
![Avatar](https://www.finder.com.au/global/images/finder-default-gravatar-64.png)
Mark
October 20, 2023
Hi Alison, If I open a HSBC account here in Australia, does this also allow me to open a HSBC UK account in the uk?
Thanks
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/RichardWhitten_Finder_600x600.jpg)
Richard Whitten Finder
October 23, 2023
Hi Mark,
HSBC allows customers to open accounts in multiple countries. But it looks like you’d need to live in the other country, be moving there soon or have a valid reason to open an account. Simply having an account in another country isn’t enough. But I suggest enquiring directly with HSBC about this.
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Helen
October 01, 2023
Do I need to use a HSBC branded ATM when overseas to avoid their international ATM fee? The t’s & c’s seem to imply there would be a fee in Argentina, France, Greece, Malta, Mexico and Turkey if I don’t use a HSBC ATM, but everywhere else I can use any ATM – is that correct? Appreciate I may have to pay the overseas ATM provider a fee, but not keen to pay my bank here an ATM fee well. Thanks!
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![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/11/ShubhamPandey_Finder_600600-1.jpg)
Shubham Pandey Finder
October 23, 2023
Hi Helen,
Yes, that is correct. The said account allows you to holdthe following currencies only: AUD, USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD, and CNY.
You can still use your account to make transactions in other currencies — Even when you’re using a currency that’s not supported there will be no international transaction fee charged. The money will be converted from your AUD balance at the current Visa exchange rate.
I hope this helps.
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Susan
May 29, 2024
Can I deposit business income into this account?