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Foreign Currency Savings Account-i by HSBC Amanah

Hold accounts in 11 foreign currencies

HSBC Amanah Foreign Currency Savings Account-i

Based on Shariah principle of Qard (loan).

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 below)
  • Easy access to your funds via branch and HSBC Malaysia online banking

Benefits

  • Hedge against exchange rate fluctuations
    A good option to hedge against exchange rate fluctuations by keeping money in the account until the rate is beneficial to you.
  • 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.

Denominations offered

HSBC Amanah Foreign Currency Savings Account-i is available in the following denominations:

  • USD - United States
  • GBP - Great Britain
  • AUD - Australia
  • SGD - Singapore
  • EUR - European Union
  • YEN - Japan
  • CAD - Canada
  • CHF - Switzerland
  • NZD - New Zealand
  • HKD - Hong Kong
  • CNY - China

Requirements

The minimum deposit amount varies according to the type of foreign currency of your choice. The minimum deposit is also the minimum amount balance requirements for this account.

Minimum deposit amount requirements based on account type
Type of currency Foreign Currency Savings Account-i
USD - United States 1,000 minimum deposit required
GBP - Great Britain 500 minimum deposit required
AUD - Australia 1,500 minimum deposit required
SGD - Singapore 1,500 minimum deposit required
EUR - European Union 700 minimum deposit required
JPY - Japan 100,000 minimum deposit required
CHF - Switzerland 1,000 minimum deposit required
HKD - Hong Kong 7,000 minimum deposit required
CAD - Canada 1,000 minimum deposit required
NZD - New Zealand 1,500 minimum deposit required
CNY - China 7,000 minimum deposit required
Minimum deposit amount requirements based on account type
Type of currency USD - United States
Foreign Currency Savings Account-i 1,000 minimum deposit required
Type of currency GBP - Great Britain
Foreign Currency Savings Account-i 500 minimum deposit required
Type of currency AUD - Australia
Foreign Currency Savings Account-i 1,500 minimum deposit required
Type of currency SGD - Singapore
Foreign Currency Savings Account-i 1,500 minimum deposit required
Type of currency EUR - European Union
Foreign Currency Savings Account-i 700 minimum deposit required
Type of currency JPY - Japan
Foreign Currency Savings Account-i 100,000 minimum deposit required
Type of currency CHF - Switzerland
Foreign Currency Savings Account-i 1,000 minimum deposit required
Type of currency HKD - Hong Kong
Foreign Currency Savings Account-i 7,000 minimum deposit required
Type of currency CAD - Canada
Foreign Currency Savings Account-i 1,000 minimum deposit required
Type of currency NZD - New Zealand
Foreign Currency Savings Account-i 1,500 minimum deposit required
Type of currency CNY - China
Foreign Currency Savings Account-i 7,000 minimum deposit required

Apply for HSBC Amanah Foreign Currency Savings Account-i

Find your nearest branch and talk to our staff about applying for Foreign Currency Savings Account-i.

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-i 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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