The more you exchange, the better discount you get
HSBC Expat Forex Club is a loyalty programme that rewards you for your FX transactions. Enjoy spread discounts of between 5% and 50%, depending on your membership tier.
How it works
| Tier | Accumulated amount (GBP) |
Spread discount |
|---|---|---|
| Green | £0 to £3,999.99 | 0% |
| Bronze | £4,000.00 to £59,999.99 | 5% |
| Silver | £60,000.00 to £299,999.99 | 10% |
| Gold | £300,000.00 to £1,199,999.99 | 25% |
| Platinum | £1,200,000+ | 50% |
| Tier | Green |
|---|---|
Accumulated amount (GBP) |
£0 to £3,999.99 |
| Spread discount | 0% |
| Tier | Bronze |
Accumulated amount (GBP) |
£4,000.00 to £59,999.99 |
| Spread discount | 5% |
| Tier | Silver |
Accumulated amount (GBP) |
£60,000.00 to £299,999.99 |
| Spread discount | 10% |
| Tier | Gold |
Accumulated amount (GBP) |
£300,000.00 to £1,199,999.99 |
| Spread discount | 25% |
| Tier | Platinum |
Accumulated amount (GBP) |
£1,200,000+ |
| Spread discount | 50% |
Things to know
How your accumulated amount is calculated
The accumulated amount is the GBP value of your FX transactions in the accumulation period. This includes the GBP values of the FX transaction you’re currently making and any currency exchange transaction you’ve made on the current day and in the past 180 days.
The accumulated amount is based on the total amount accumulated across the HSBC Expat Mobile Banking app and HSBC Online Banking.
The following FX transactions are included:
- FX transactions between your HSBC Expat accounts
- FX transactions from your HSBC Expat account to someone else's HSBC Expat account
- Inward remittance
- Global Money
- Global Money Transfer
Global Transfer and International FX transfer through online banking are not included.
Other services and channels, for example, FX Order Watch and FX transactions via your Relationship Manager or our staff are excluded unless specified.
The default base tier
The default base tier is Green. As your accumulated amount increases, you'll be eligible for higher discounts according to the tier you qualify for.
For example, if the value of your FX transaction amount, including the current one being completed, totals GBP4,000, your tier status will be upgraded from Green to Bronze. A 5% spread discount will be applied on the exchange rate for the current transaction. If the exchange rate for exchanging GBP to EUR is 1.12698 the rate would improve to 1.12804 with the Bronze discount of 5%. After that, if your new accumulated amount equals or is more than GBP60,000, your tier will be upgraded to Silver with a spread discount of 10%.
These exchanges rates are for illustration purposes only. Please refer to the Terms and Condition (PDF) and FAQs for more details.
How to join
If you have an HSBC Expat Bank Account, you'll automatically become a member of the HSBC Expat Forex Club. If you don't have an account with us, you can apply online today. |
Frequently asked questions
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Additional information
Currency conversion risk: the value of your foreign currency will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to that foreign currency, you may suffer loss in principal.