At HSBC we have provided a number of useful resources to support international students and parents that have been impacted by the Coronavirus (COVID-19). Find out more here.
When it comes to the growth and development of your children, you'll always want to give them the best education with careful planning. We're here to give you peace of mind with our experts around the world to provide you and your family with personalised banking services.
You can pre-open an account abroad and we can have your child's ATM card ready ahead of time before the move.
You can transfer money near real-time to your child at any time and from anywhere with Global Transfer, and manage your worldwide accounts with one single log-on with Global View. If you're our Premier customer, the transfers will be free of charge.
If you're our Premier customer, your child will enjoy the same level of privileges and emergency support.
Exclusive for our Premier customers, in case of any emergency or accident, your child will have access to cash advances at any of our branches around the world.
We provide special offers & solutions to support your child’s overseas living. For instance, international students in Canada and the US who do not have credit history or proof of income may be eligible for a fee-free credit card. This will help them build up their credit history in the new destination.
How to get started?
Considering where your child could study will impact what you need to prepare and also give you a good goal to focus on. Let's start by understanding the main reasons for studying abroad. It may be one of or a combination of the following:
Then, explore a few potential places to study that suit the criteria and encourage your child to start working towards them.
If you’re an HSBC Premier customer, we have professional education consultants who can help with everything from selecting the right school to applications for enrolment.
What are the potential costs for studying abroad?
A study by HSBC found that on average students spend USD34,657 over the course of their degree. That’s a fair amount to save up for - which also implies the earlier you start, the more prepared you are. The study also found that almost half of the parents funding their children’s university education wished they’d started saving earlier.
You may have to make some sacrifices to reach your saving goals, or you could look at borrowing money. If you do decide to borrow, the more you’re able to save will help minimise the amount you have to borrow and any interest you’ll have to pay.
Opening an overseas account? Whether you are moving to a new country or interested in investing overseas, we can help you set up your account overseas in a few simple and easy steps.
Transferring money abroad? No matter where you go, we'll make sure managing funds, trading currencies and transferring money internationally is easy and straightforward.
Planning your mortgage? Our international presence makes the process less time consuming for getting insights on property trends and applying a mortgage in different countries.
Planning to move abroad? Let HSBC International help you with your banking needs when moving abroad. We can arrange for an account to be opened before you arrive through our dedicated International account opening team.