Available from 9am 8 Jan 2009 to 31 Mar 2009.
*Applicable to the transactions completed within this period. Please see below for applicable transaction details.
Available only at HSBC Premier Centres or HSBC Premier Call Centre. Note: This campaign is not available on internet banking.
● Preferential Foreign Exchange Fees always apply to transactions made from any of our foreign currencies to Yen at our HSBC Premier Centres and HSBC Premier Call Centres regardless of this campaign period. The Preferential Foreign Exchange Fees apply to transactions made with over the stipulated amounts set for each currency by the bank e.g. for U.S. Dollar, transactions with USD100,000 or more per transaction.
HSBC Premier is a bank exclusively for customers with financial assets of more than JPY 10 million. Details
[ Risks and Fees regarding Foreign Currency Deposits ]
◆ Foreign Currency Deposit carries foreign exchange fluctuation risk. Due to foreign exchange fluctuation, the actual Yen equivalent amount in foreign currency could be smaller than the original amount in Yen at the time of foreign currency deposit contract (i.e. there is a risk of loss of principal on Yen basis).
◆When you convert Yen into a foreign currency (at the time of deposit), or a foreign currency into Yen (at the time of withdrawal), a one-way foreign currency exchange fee is levied (for example, JPY1.00 per 1 US Dollar, JPY7.50 per 1 Turkish Lira, JPY1.50 per 1 South African Rand, etc.). Therefore, even if there is no foreign exchange fl uctuation, there is a risk that the actual Yen equivalent amount in foreign currency could be smaller than the original amount in Yen at the time of foreign currency deposit contract (i.e. there is a risk of loss of principal on Yen basis) due to our two-way (selling and buying) foreign currency exchange fee (for example, JPY2.00 per 1 US Dollar, JPY15.00 per 1 Turkish Lira, JPY3.00 per 1 South African Rand, etc.).
◆In general, emerging market currencies have a lower supply and are less traded in the market compared with the currencies of more established markets. Therefore, they involve the risk of substantial fluctuation in the exchange rates, or even the impossibility of transacting foreign exchange due to the economic or market conditions or political
situation in the relevant country, among other factors.
[ Important Notes ]
◆ This campaign is applicable for transactions made from Yen to any of our HSBC Premier Multi Currency Savings Accounts with over JPY2 million per transaction.
◆ The exchange rates applicable to this campaign are the real time rates which will be applied to each transaction and will differ from the published bank middle-rates.
◆ When conducting a transaction, different cut-off times by currencies will apply. Please contact the HSBC Premier Call Centre for more details.
◆ Even during the campaign period, the campaign may be revised or suspended due to changes in the market environment or conditions. ◆ Before applying to this campaign, customers must ensure they have read and understood the full product and campaign features and the terms and conditions that apply. The full product description is available at HSBC Premier Centres and website.
◆ Deposits with HSBC Japan are not covered by the Japan’s Deposit Insurance Scheme.
[ Foreign Currency Cash Handling Fees ]
Foreign currency cash handling fees will be charged for the cash handled over the counter. For example, the fee for Pound Sterling deposit or withdrawal is ￥4 per 1 Pound Sterling in the case of over-the-counter transaction.
[ HSBC Premier Eligibility Requirement ]
Our “Premier in One, Premier in All” philosophy allows you to choose where you want to qualify HSBC Premier, whether in Japan or in another country overseas. Once you qualify in one country, you can open a local HSBC Premier account in all overseas HSBC Premier countries without meeting the local HSBC Premier qualification criteria (subject to local banking regulations). If you decide to qualify HSBC Premier in Japan, you need to maintain a monthly average balance with HSBC Premier Japan of JPY10 million or equivalent in deposits / investments / insurance. In principle, if the monthly average balance requirements are not met in the previous month, a monthly below balance fee of JPY5,000 inclusive of tax will be charged and service offerings may be restricted.
For customers who already have foreign currency deposits at other financial institutions Remit your foreign currency deposits to your HSBC Premier Accounts and receive a JPY4,000 gift voucher. This campaign is extended until 30 June 2009. Lean more. (PDF 377KB)
【As of 23 March, 2009】
＊The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group, headquartered in London, UK.
