Bank accounts and savings accounts
To become a customer of HSBC Expat, the minimum Relationship Balance is £60,000 or currency equivalent.
New customers of HSBC Expat qualify for our HSBC Premier service which provides a range of benefits to help you manage your personal economy.
HSBC Premier is free of monthly charges, however, a £35 underfunding fee will apply for any given month where your Relationship Balance falls below the minimum Relationship Balance of £60,000.
There is an initial charge for all new investments.
This is reflected in the difference between the offer price at which you buy shares and the bid price at which you can sell.
The difference between the offer and bid prices is commonly referred to as the 'bid - offer spread'.
The initial charge for each of our funds is as follows:
- Freedom plus - HSBC Global Investment Funds - up to 5.54% - please refer to the simplified prospectus for the exact charge
- Freedom Plus - HSBC Amanah Investment Funds - up to 5.54% - please refer to the simplified prospectus for the exact charge
- International Select Fund - 5.25%
Annual management charge
There's also an annual management charge to cover investment management and administration costs.
This fee is calculated on a daily basis and deducted from the capital value of the fund. The charge varies between different funds and fund classes, and you'll find the details in the fund brochure and prospectus.