Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar; United States Not covered by Investor Compensation Fund Our ELIs are not listed on any stock exchange and are not covered by the Investor Compensation Fund. 1 Subject to local requirements on eligibility and suitability criteria. Our stock loyalty programme offers a simplified, volume-based brokerage fee structure for all your trading in Hong Kong stocks, China A shares and US stocks. HSBC's first 12-currency debit card in Hong Kong, available only for HSBC Jade clients. Bonds / CD are mainly medium to long term fixed income products, not for short term speculation. Credit is subject to status. Before proceeding, please refer to the full Disclaimer and the Terms and Conditions. Requirements . Option transactions involve risks, especially when selling an option. 1HSBC Jade is an enhancement of your HSBC Premier service. Backed by a team of experts, a dedicated Relationship Director helps Jade clients create their own wealth strategy by leveraging HSBC Portfolio Advisory service to build investment exposure across different asset classes and geographies. Quick and convenient way to send funds from your eligible U.S. HSBC deposit accounts. Borrowers must meet program qualifications. 2 Overseas mortgages and overseas account opening applications will be handled and processed by overseas HSBC group entities directly and are subject to the approval of the overseas HSBC group . (HSBC) or its affiliates, and each party releases and relieves HSBC and its employees and agents from any and all liability in this respect. We provide products and services such as bank accounts, credit cards, personal loans and mortgages, as well as asset management, insurance, wealth management and private banking, that best suit our customers' needs. There may not be any active or liquid secondary market. Home Equity products are not included. Important information about procedures for opening a new account. 1To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain: Balances of $75,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment8 accounts; OR, Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR. Financial eligibility criteria apply. If you are no longer an HSBC Jade customer in Hong Kong, you'll no longer have access to benefits that come with HSBC Jade or HSBC Premier Elite Passport. As an international bank, HSBC can connect you with a world of possibilities and help you navigate your financial commitments both in the U.S. and abroad. Cross-Border Disclosure, Premium banking with no HSBC fees on everyday banking transactions. Jade is a bank account offering a unique combination of personalised relationship management, advanced wealth solutions and luxury lifestyle services to support the needs of high net worth individuals (HNWIs) with investible assets of at least $1 million. Stocks may be considered as part of a healthy, diversified portfolio. Similarly, as an HSBC Premier customer with Premier Elite status in China or Singapore, you are eligible to open an HSBC Premier account with HSBC Jade Passport status in Hong Kong without the need to meet extra local eligibility requirements. There may be exchange rate risks if you choose to convert payments made on bonds / CD to your home currency. HSBC is committed to building a culture where all employees are valued, respected and opinions count. When you invest in this product, you will be relying on the Bank's creditworthiness. The Jade and Wealth proposition is a . An unarranged overdraft is when you make a payment that takes your account over your arranged limit or overdrawn when you dont have an arranged overdraft in place. Limited market making arrangements are available and you may suffer a loss if you sell your PPNs before expiry - Our PPNs are designed to be held to their settlement date. The investment decision is yours but you should not invest in the Unit Trusts unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives, Unit Trusts are NOT equivalent to time deposits, In the worst case scenario, the value of the unit trusts may be worth substantially less than the original amount you have invested. Eligibility: Total Relationship Balance of HKD7,800,000 or more. Simple and convenient banking from the comfort of your home through free access to Internet Banking and PhoneBanking. Join HSBC Jade Access an elevated wealth management experience when your Total Relationship Balance reaches HKD7,800,000 or more . If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. You should read all the offering documents of our ELIs (including the programme memorandum, the financial disclosure document, the relevant product booklet and the indicative term sheet and any addendum to any of such documents) before deciding whether to invest in our ELIs. You can spend overseas, shop online and take out money from ATMs worldwide, with zero exchange or withdrawal fees. Member FDIC. 2023. HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000, not an aggregate of multiple mortgages. for HSBC Jadeclients and 4% p.a. HSBC Jade clients have access to sophisticated investment solutions like high yield bonds, specialised sector mutual funds, alternative investments and investment finance solutions. 5 You may be charged additional fees by the ATM operator or network used including a fee by another HSBC entity operating ATMs outside the U.S. Foreign currency conversion rates may still apply. Wealth and Personal Banking is our new global business combining Retail Banking and Wealth Management; and Global Private Banking, to become one of the world's largest global wealth managers with USD1.4 trillion in assets. (Photo: HSBC Jade) To better facilitate its clients' need for international banking support, HSBC Jade recently launched the Jade Passport. Visit our Help page to find out how. Credit risk of the Bank - CPI is not secured by any collateral. . Your invitation to Global Private Banking awaits. This product (if denominated in RMB) will be denominated and settled in RMB deliverable in Hong Kong, which is different from that of RMB deliverable in mainland China. The young millionaires of the UAE are also well-ahead of their global counterparts in attributing self-improvement as extremely important to living an enriched life (75%), the highest globally. For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the product should be resolved between HSBC Life and you directly. If you're already an HSBC Jade client, you can continue to use your account as usual. Have at least $75,000 in total deposits and/or investments.7. Such loss may offset the interest earned on the deposit and may even result in losses in the principal amount of the deposit. All rights reserved. Earn up to 5% cash rebates on your daily spend, both locally and overseas. If you're already an HSBC Jade client, you can continue to use your account as usual. We provide you a one-stop resource to help you manage your overseas property investments, from arranging fast-tracked international mortgages2 to providing market insights and trends. 08 Jan 2021. Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. From 16 September 2022, HSBC Jade is no longer on sale. HSBC refers to HSBC Bank USA, N.A., HSBC Securities (USA) Inc. and HSBC Insurance Agency (USA) Inc. HSBC Bank USA, N.A. Wherever your financial journey takes you, your Jade Wealth Manager, Relationship Manager and a team of experts will work together to make the most of your wealth. Yes, as a HSBC Jade customer in Hong Kong, you'll be eligible to enjoy the services and benefits of HSBC Premier Elite Passport across HSBC China and HSBC Singapore. You must be prepared to take the risk of earning the lower payout/no return (if exchange rate performs against expectation) on the money invested. Consumers who maintain Private Bank status. When you buy our ELIs, you will be relying on HSBCs creditworthiness. primary mailing, residence or business address in the US). The SFCs authorization does not imply official recommendation or endorsement of Equity Linked Investments, nor does it guarantee the commercial merits of Equity Linked Investments or its performance. UAEs millionaires among the youngest around the world. It is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong. If you need accounts in Mainland, HK or some other APAC regions, I believe Jade is much better there. Instant account opening online. The information on this site refers to services or products which are not available in certain locations, or which, in any relevant location, may have components, methods, structures and terms different from the ones described, as well as restrictions on client eligibility. initial public offering subscriptions for securities, bonds, open-end funds and certificates of deposits) and life insurance policies will be included in the TRB due to the processing time required and therefore may affect the TRB in the Banks record. All Rights Reserved. Read about a variety of topics that impact your wealth, including best practices for charitable giving during humanitarian crises. (the "Site") provides a portal, or gateway, to the financial services offered by members of the HSBC Group. 4. Global assistance 24/7. For details, please refer to HSBC Top Trader Club page on HSBC Public Website. Option transactions involve risks. RMB debt instruments are subject to interest rate fluctuations, which may adversely affect the return and performance of the RMB products. License #: OE67746. Ability to extend your Premier status up to four family members. I am a chartered accountant with experience in the field of finance, accounting, costing and inventory mainly from the manufacturing and trading, FMCG sector in MNCs and local companies. The offering documents of Private Placement Notes, Capital Protected Investment and Deposit Plus have not been reviewed by the SFC or any regulatory authority in Hong Kong. There may not be any active or liquid secondary market. Minimum total relationship balance refers to the rolling average for the previous three months. Re-investment risk - If our ELIs are early terminated, we will pay you the nominal amount of the ELIs (less any cash settlement expenses) and any accrued potential cash dividend amount calculated up to (and including) that call date. is not responsible for these charges. All rights reserved, This website is designed for use in Hong Kong. Experienced in a range of diverse working environments & adapt to change for better engaging quality in operational efficiency and forward looking business sustainability. 8 Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. We know how precious your time is. Risks relating to RMB - You should note that the value of RMB against other foreign currencies fluctuates and will be affected by, amongst other things, the PRC government's control (for example, the PRC government regulates conversion between RMB and foreign currencies), which may adversely affect your return under this product when you convert RMB into your home currency. All credit applications are subject to status, our lending criteria and an assessment of the circumstances of the applicant. 3 International account opening is not available in all countries and is subject to approval based on local regulations and policies of country or application. Find out more about exclusive products and services, Find out more about exclusive lifestyle experiences, Follow HSBC UK on Facebook This link will open in a new window, Follow HSBC UK on Twitter This link will open in a new window, Follow HSBC UK on YouTube This link will open in a new window, Our website doesn't support your browser so please upgrade, View our service status to see how we're doing, Careers, media, investor and corporate information. 2 To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain: A monthly maintenance fee of $50 will be incurred if one of these requirements is not maintained. I am eligible if I meet one of the following: If you'd like to apply for a joint Premier checking account, please contact our International Banking Center at 1.877.850.4722 or request a call back. Maintain a minimum combined balance of AUD150,000 equivalent in an HSBC Australia transaction, savings 8 or HSBC Invest 9 account. For more information, please see ourSupported Browsers page. Worldwide HSBC Premier status recognition. for other HSBC customers. Research backgrounds of brokers and firms for free by visiting FINRA's BrokerCheck website. Please contact your dedicated Relationship Manager. Principal Responsibilities. HSBC Jade is more than just a bank account. Losses may be incurred as well as profits made as a result of buying and selling investment products. Copyright HSBC Private Banking 2023. You can now bank from home with ease and peace of mind. *For life insurance with savings or investment component: To determine your overall TRB in sole capacity, the applicable TRB of all your personal sole account(s) held or registered with the same joint accountholder(s) under the same name(s) and identity number(s), held with the same joint accountholder(s) will be included in the calculation. If you try to sell your ELIs before expiry, the amount you receive for each ELI may be substantially less than the issue price you paid for each ELI. A good way to find out how we compare against other overdrafts or ways of borrowing is to look at the APR (annual percentage rate). Wealth resources provided by HSBC Securities (USA) Inc, Get continued access to Wealth products, insights, and advice from a Financial Professional, Automatically qualify for the Premier Relationship Savings. We have detected your browser is out of date. Huge sanctions loom for the fuel that powers the world, Saudi Arabia open to settling trade in other currencies. Borrow only if you can repay! As an HSBC Premier customer you already have access to our Channel Island based HSBC Premier telephone banking service, and your Jade membership ensures when you contact us your call will be treated as a priority. Contact us on 03456 006 161. There may be a time lag before the value of certain investment transactions (i.e. Indicative price of bonds / CD are available and bonds / CD price do fluctuate when market changes. This information is entirely qualified by reference to the terms and conditions of the specific service, if any, provided by the relevant HSBC company. We're here to help you. ** Terms and conditions apply. This website stores cookies on your computer. If you do not maintain one of the requirements for the monthly maintenance fee waiver, the linked qualifying accounts may also be charged a monthly maintenance fee. By continuing to browse this site, you give consent for cookies to be used. HSBC Credit Cards are issued by HSBC Bank USA, N.A., subject to credit approval and requires a U.S. HSBC checking account relationship. HSBC Securities (USA) Inc. provides investment products and services and is an affiliate of HSBC Bank USA, N.A. Maintain a quarterly Total Relationship Balance 1 (TRB) of INR4,000,000 (Rupees forty lakh only); or. You must be prepared to incur loss as a result of depreciation in the value of the currency paid (if the deposit is converted to the linked currency at maturity). Terms and Conditions apply. You might like . It is possible that you may not receive any potential cash dividend amount for the entire scheduled tenor of the ELIs. Maintain a U.S. residential mortgage loan with an original loan amount of at least $500,000. For wealth advice, please contact your Wealth Manager directly. We report account activity, including overdraft usage, to credit reference agencies. The bottom line: HSBC Premier Checking (Member FDIC) offers competitive rewards to qualifying customers, such as a $500 welcome bonus and high interest rate on your savings account. No further potential cash dividend amount will be payable following such early termination. If you'd like to apply for a joint Premier checking account, please contact our International Banking Center at 1.877.850.4722 or request a call back. For more details please read our Cookie Policy. Your HSBC Jade Debit Card. Maximum loss upon HSBCs default or insolvency Our ELIs constitute general, unsecured and unsubordinated contractual obligations of HSBC as issuer and of no other person (including the ultimate holding company of our group, HSBC Holdings plc). 2023. The Bank does not provide investment advice. More details. Existing customer - HSBC Jade Dedicated Service Line: Hong Kong dollar/ Renminbi / foreign currency deposits, Market value of the following investments: local and overseas securities, Unit Trusts, bonds, certificates of deposit, equity linked investments, structured notes, Monthly Investment Plan (stocks/ Unit Trusts) and Wayfoong Statement Gold, Deposit amounts of Deposit Plus and Structured Investment Deposits, Utilised lending facilities (excluding mortgages and amounts outstanding on credit cards), Life insurance with savings or investment component, HSBC MPF balances and HSBC ORSO Defined Contribution Scheme balances which are administered by The Hongkong and Shanghai Banking Corporation Limited. Limited market making arrangements are available and you may suffer a loss if you sell your ELIs before expiry - Our ELIs are designed to be held to their settlement date. HSBC will rebate up to five qualifying ATM third-party surcharge fees incurred per month with a credit to your account within two statement cycles. This product (if denominated in RMB) will be denominated and settled in RMB deliverable in Hong Kong, which is different from that of RMB deliverable in Mainland China. Personal Internet Banking is required to access Global View and Global Transfers. 4 Data rate charges from your service provider may apply. Market conditions may have changed and you may not be able to enjoy the same rate of return if you re-invest these proceeds in other investments with similar risk parameters. Currency risk - If the deposit currency is not your home currency, and you choose to convert it back to your home currency upon maturity, you may make a gain or loss due to exchange rate fluctuations. 9 To qualify for HSBC Premier Relationship Savings account, you need to maintain a U.S. HSBC Premier1 relationship. Pursue your passions, anywhere and anytime. Well always consider an unarranged request and make the payment if we can. For more information about HSBC Jade / HSBC Premier Elite eligibility requirements, please speak to your dedicated Relationship Manager. Limited market making arrangements are available on a bi-weekly basis for all our PPNs. By applying online you are accepting the terms and can meet the requirements listed on this page. 12 May 2017 at 3:42PM edited 26 July 2018 at 10:48AM in Budgeting & bank accounts. HSBC Bank USA, N.A. Movements in exchange rates can be unpredictable, sudden and drastic, and affected by complex political and economic factors. 2We offer restricted advice, meaning we only offer limited types of products from a limited number of companies including HSBC. Discover exclusive wealth management insights and lifestyle privileges by joining HSBC Jade. Member FDIC. If HSBC becomes insolvent or defaults on its obligations under the PPNs, in the worst case scenario, you could lose all of your investment. From complimentary airport transfers and access to over 1,000 airport lounges worldwide, to special hotel rates and room upgrades, indulge in your contactless Visa Infinite . For more information, please reach out to your current HSBC Relationship Manager. Job Description. Investment-linked life insurance policies include the total cash value of the policies; Other life insurance policies include the total cash value of the policies OR total premium paid less any annuity payments received (if applicable), whichever is higher. You could lose part or all of your principal if you choose to sell your RMB bonds prior to maturity. All rights reserved, This website is designed for use in Hong Kong. Please consult with your professional advisors before making any financial decisions. Limited potential gain - The maximum potential gain is limited to the interest on the deposit. Structured product is NOT equivalent to a time deposit. As a valued client, we are inviting you to HSBC Global Private Banking where you will have access to an . Credit is subject to status. It is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong. 8 Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if they use the ACH network). Simply follow the steps below: Log on to HSBC Reward+ and go to the 'Discover' page. The past. By linking qualifying accounts, each party waives all rights of privacy and confidentiality that each party may have with respect to the fact that each party is aware of the other parties monthly maintenance fee status, and that the other may be a customer of HSBC Bank USA, N.A. Liquidity risk - Deposit Plus is designed to be held until maturity. Currency risk - If the deposit currency and/or linked currency is not your home currency, and you choose to convert it back to your home currency upon maturity, you may make a gain or loss due to exchange rate fluctuations. 1 A monthly maintenance fee may apply if certain requirements are not maintained. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. We'll provide specialist financial advice on retirement planning, insurance solutions and more. Your return upon such early redemption will likely be lower than that if the deposit were held until maturity and may be negative. , you can have unparalleled access to preferential rates, tailored products, and an enhanced level of service in Hong Kong, mainland China and Singapore. <br><br>I used to work and compliance . We use cookies to give you the best possible experience on our website. Bonds and Certificates of Deposit (CD) are NOT equivalent to a time deposit. Book your appointment Or call (852) 2233 3377 . Per the HSBC website, these are the requirements to become a Premier account holder: HSBC Premier is available to you, as . Financial benefits: Free travel insurance. With just one trade per month**, you can enjoy: Gain access to a wider world and leverage your wealth in ways open only to the privileged few through exclusive HSBC investment products. Link an eligible Premier checking account and meet one of our four eligibility criteria on a monthly basis.9. Losses may be incurred as well as profits made as a result of buying and selling stocks. As an HSBC Jade customer in Hong Kong, you are eligible to open an HSBC Premier account with HSBC Premier Elite Passport status in HSBC China and HSBC Singapore without the need to meet extra local eligibility requirements (such as Total Relationship Balance or other criteria). You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and relevant circumstances. In California, HSI conducts insurance business as HSBC Securities Insurance Services. Investment involves risk. Pre-arrival cross-border account opening support 1. The price of structured products may move up or down. Scribd is the world's largest social reading and publishing site. Please contact a Relationship Manager for details of services and products that may be available to you. HSBC Jade gives you preferential treatment and maximum convenience wherever you bank with us. If you have doubt on the content of this website, you should seek independent professional advice. The Hongkong and Shanghai Banking Corporation Limited is the issuer and product arranger of our ELIs.