Important update – we’re temporarily changing the way we work because of COVID-19. We’re focusing more on supporting vulnerable customers, key workers or those facing financial difficulties. With this in mind we are not able to operate our International Account Opening Service as normal and ask customers for their patience. We appreciate your understanding whilst we do our best to adapt our ways of working as the situation continues to evolve.
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.
Whether you are moving to a new place or interested in investing overseas, we're here to broaden your horizons to make sure you don't miss opportunities elsewhere.
No matter where you go, we'll make sure managing finances and trading currencies are easy and straightforward.
Whether you're buying a new home or adding international property to your investment portfolio, we'll keep you ahead of others with new global possibilities.
With our extensive network and local expertise around the world, we're ready to help you settle down at your destination.