HSBC Bank USA has announced the launch of its newest real-time payment platform “Global Money Account” which allows international customer base to hold, manage and send money across various currencies to 14 million HSBC customers in 20 countries worldwide through a single account 24/7.
There are no fees associated with Global Money transfers, giving customers a faster and more cost-effective payment option.
The new platform allows users to send funds across any HSBC bank account around the clock in real time, receive preferential FX rates within the Global Money Account and have a seamless and convenient customer experience with day-to-day account tasks.
As the world’s leading international bank, it is our ambition to put banking in our customers’ pockets, and create a top-tier borderless banking experience that lets them manage their finances whenever and wherever they want,” said Matthias Dekan, Head of HSBC Global Money, HSBC Group.
“Through the COVID-19 pandemic, we have seen usage of our Mobile Banking facilities increase by more than 150 percent. The HSBC Global Money Account further supports our customers in being able to manage their finances from the comfort and safety of their homes or when they’re on the go.”
The Global Money Account provides customers with the ability to hold eight different HSBC currencies online, with instant conversion to other currencies. Currencies available at launch include: United States Dollar, Euro, Sterling , Canadian Dollar, Australian Dollar, New Zealand Dollar, Hong Kong Dollar and Singapore Dollar.
The new product launch follows the launch of real-time payments by the bank last month. HSBC noted that it will add more currencies to the platform later and offer the service in markets such as Singapore, the UAE, India and the Channel Islands.
