Hong Kong and Shanghai Banking Corporation Limited were opened in Hong Kong in the year 1865. By the year 1875, it was present in seven countries on different continents, like Asia, Europe, and North America. A bank holding company in London originated as HSBC Ltd. HSBC is the world’s largest banking and financial services organization. Let us see how to open a student bank account with HSBC.
If you are over the age of 18, you can open a student bank account with HSBC. You can go to their official website and apply for an account. Their team will assist you in the best possible way as you proceed.
Having A Student Bank Account With HSBC
For students planning to study abroad, it is convenient to open a savings account with HSBC as they offer good services at a global level that make banking easier for them. You can initiate an overseas account opening before arrival. No service charge is applied for international account openings through the international banking center IBC for HSBC premier customers. Their team helps you open a non-resident account in India or a local account overseas.
Different Services Offered By HSBC
● Students can manage worldwide HSBC accounts with one single log-on and make charges free in real-time whenever they want.
● Loans for educational purposes are provided by HSBC.
● Supplementary debit and credit cards from India with worldwide acceptance for students to use on arrival in foreign countries.
● Emergency supports like 24 hours card replacement and emergency cash at any HSBC branch around the world.
● Special rates on money transfers for any tuition fees or education-related costs.
● An account holder can automatically transfer whatever amount they want from their savings account to a fixed deposit.
● By using their visa money transfer service you can easily transfer funds conveniently with the card to card transfer facility.
Steps To Open A Student Bank Account At HSBC
There are some necessary documents that you must have before opening a student bank account at HSBC. According to your papers, you should be over 18 years of age. You must have id proof, address proof, and passport size photographs with you. There are some simple steps that you can follow to open a student account at HSBC.
● You can visit the HSBC branch in the country where you are studying as a student and ask for the application form.
● After filling out the application form you must attach your id proof and a passport size photograph.
● You must also attach documents like the tenancy agreement to prove that you have a resident address in the country in which you are studying.
Activating HSBC Mobile Banking
Firstly, you need to have some essentials before applying for online and mobile banking, including an HSBC debit card number and a 6-digit PIN. Another method is to have the exact details for your credit card, Your ten-digit phone banking number and six-digit PIN, your Permanent Account Number to Register with your mobile app, and your date of birth.
There are two ways in which you can apply for the service.
1. Online registration- You can register for online banking through this process.
2. Mobile app- With this, you can apply for mobile and online banking both.
While applying through the app, you will be asked if you are an online banking user. Then, it will guide you toward setting up your online and mobile banking when you tap on it. After following the procedure, you can use your online and mobile banking. The app you use for mobile banking will serve as a secure digital key. You will use it every time you log in to your online banking through the app.
The withdrawal Limit from the account per day will be around $1,288.85, and the HSBC debit card is globally valid and will allow you to withdraw cash anywhere around the world within the assigned withdrawal limit.
Conclusion
You can easily check your bank balance anywhere by just opening the mobile banking app and transferring money. Also, you can enjoy various credit and debit card offers provided by HSBC. The mobile banking app is very convenient for students because they can easily make any bill payments or any other payments via the mobile banking app of HSBC.
Frequently Asked Questions
Q1. Will the HSBC debit card work for online purchases?
HSBC master and Visa debit cards are eligible for almost all kinds of online purchases that you want to make like any other debit card which you use to buy anything online.
Q2. Will I get a chequebook if I open my account at HSBC via the online mode?
You will get a chequebook issued for your bank account. It doesn’t matter whether you open your account online or offline.
Q3.What is the minimum account balance required in HSBC?
The minimum account balance that needs to be maintained in your account will be 150,000 for any savings account.
