Market risk - The net return of Deposit Plus will depend upon the exchange rate of the deposit currency against the linked currency prevailing at the deposit fixing time on the deposit fixing date. [deleted] 2 yr. ago. Borrow only if you can repay! 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. 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. From direct booking for flights, hotels and travel experiences to invitations to private events and much more, our concierge service is designed to support and enrich your passions and interests. Research backgrounds of brokers and firms for free by visiting FINRA's BrokerCheck website, Information for real estate professionals, Careers, media, investor and corporate information. Unlock Premier in one country and you can live, work and travel with Premier status around the world with HSBC. (e.g. 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. Available only on U.S. non-HSBC ATM transactions initiated from HSBC Premier checking, Premier Asset Management, HSBC Premier Savings, HSBC Premier Promotional Savings, and HSBC Premier Relationship Savings. Not principal protected some PPNs are not principal protected: you could lose all of your investment. You do not have a right to request early termination of this product before maturity. Access your eligible, worldwide HSBC deposit accounts online and transfer funds between them. Your Relationship Manager can help provide access to all that HSBC has to offer. The Plan is not equivalent or similar to any kind of bank deposit or bank savings account. Cross-border disclosure 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. The monthly cap on unarranged overdraft charges for the Jade account is 20. 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. Alternatively, if you hold HSBC Premier or Jade status in another market you will be eligible for Premier in Australia. 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. Fees apply for these services. 1HSBC in the UK excludes M&S Bank, first direct and HSBC Expat. No further potential cash dividend amount will be payable following such early termination. The price of structured products may move up or down. Experienced in a range of diverse working environments & adapt to change for better engaging quality in operational efficiency and forward looking business sustainability. Enhanced levels of service, including preferential pricing, exclusive products, accelerated application processes and Jade Centres for private meetings with your Jade Director. <br><br>I used to work and compliance . Private Banking may be carried out internationally by different HSBC legal entities according to local regulatory requirements. 08 Jan 2021. Priority consideration and exclusive access to higher Personal Loan limits. Issuer's Risk - you rely on the issuer's creditworthiness. Credit risk of the Bank - Deposit Plus is not secured by any collateral. Worldwide HSBC Premier status recognition. Your HSBC Jade Banking relationship will be governed by the HSBC Jade Terms and Conditions and the Integrated Account Terms and Conditions (as updated from time to time). Past performance is no guide to future performance. Quickly and safely withdraw cash, make deposits, transfer funds and more. . For wealth advice, please contact your Wealth Manager directly. You should note that the information contained in this website does NOT form part of the offering documents of our ELIs. 2HSBC Jade clients will enter into a direct agreement with the Ten Lifestyle Group PLC under which Ten Lifestyle Group PLC and its affiliates will deliver the lifestyle service available under the HSBC Jade concierge service. The value of your RMB-denominated ELIs will be subject to the risk of exchange rate fluctuation. Find the answers and while you're at it, tell us how we could do better. Legal Processing fees may apply. Losses may be incurred as well as profits made as a result of buying and selling structured products. Working with the Events, Business Development, Academy, Digital Marketing, Communications and Central Business Services team on all aspects of pre-production. Please refer to our coronavirus travel guidance page for the latest information. Manager your accounts online with Personal Internet Banking quick, easy and secure. Copyright. The Foreign Commonwealth and Development Office (FCDO) advice in relation to coronavirus is regularly reviewed. 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. 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. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc. HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Maintain a quarterly Total Relationship Balance 1 (TRB) of INR4,000,000 (Rupees forty lakh only); or. The price of stocks may move up or down. No further potential cash dividend amount will be payable following such early termination. Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar; United States All rights reserved. Eligibility. Exploration and adventure is high on the priority lists of UAE millionaires, with 52% saying new adventures with the family are extremely important to living an enriched life, compared to 37% in China and 35% in France, the next two highest response rates. 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. License #: OE67746. A team of experts will support you to create bespoke plans to meet your unique banking and wealth needs. Terms of Use If the Bank becomes insolvent or defaults on its obligations under this product, you can only claim as an unsecured creditor of the Bank. Unlimited free deposits in the account. Limited market making arrangements are available on a bi-weekly basis for all our PPNs. The information contained in this website have not been reviewed by the Securities and Futures Commission of Hong Kong or any regulatory authority in Hong Kong. Financial eligibility criteria apply. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Credit risk of the Bank - CPI is not secured by any collateral. We are currently seeking a high calibre professional to join our team as an Assistant Manager, HSBC Jade. Financial eligibility criteria apply. Unarranged overdrafts may incur higher fees and result in declined transactions. Have a minimum annual gross personal income of $80,000 or a minimum annual gross household income of $150,000 Structured products are not available for customers who are US citizen / with US nationality, are US resident or US tax payer, or have a US address (e.g. Learn more about the benefits of HSBC Global Private Banking from Mark Pittsey, Head of Global Private Banking for the Americas. The value of your RMB deposit will be subject to the risk of exchange rate fluctuation. Discounts can be canceled or are subject to change at any time and cannot be combined with any other offer or discount. is not responsible for these charges. Access to U.S. Because life never stops, we'll support you with retirement, insurance2 and more. When you invest in this product, you will be relying on the Bank's creditworthiness. Maximum loss upon HSBCs default or insolvency Our PPNs 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). In the worst case, you could suffer a total loss of your deposit amount. . There may be exchange rate risks if you choose to convert RMB payments made on the bonds to your home currency. HSBC is committed to building a culture where all employees are valued, respected and opinions count. Find out why HSBC Jade is so much more than just a bank account, and unlock new opportunities for your financial future. Eligibility: Total Relationship Balance of HKD7,800,000 or more. For full details regarding eligibility, please refer to the terms and conditions for HSBC Jade available online at hsbc.ca/jadeterms. CD is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong. Earn unlimited rewards with your choice of card designed for the way you live and spend. Simply follow the steps below: Log on to HSBC Reward+ and go to the 'Discover' page. You might like . The Site is operated by HSBC Holdings plc and hosted by The Hongkong and Shanghai Banking Corporation Limited ("HBAP"). There may be a time lag before the value of certain investment transactions (i.e. Copyright.The Hongkong and Shanghai Banking Corporation Limited2002-2023. That's why you'll have access to advanced wealth solutions, a dedicated concierge service and an array of luxury lifestyle privileges from our global partners all with no annual fees. It is the issuer to pay interest and repay principal of bonds / CD. Requirements. 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 Rights Reserved. 12-month HSBC Jade Offer It is possible that you may not receive any potential cash dividend amount for the entire scheduled tenor of the ELIs. Transfers from HSBC accounts from outside the U.S. may be subject to transfer fees. There may be exchange rate risks if you choose to convert payments made on bonds / CD to your home currency. Fast-track your applications for unsecured lending requests, all managed by our lending specialist team. 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 . 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. By continuing to browse this site, you give consent for cookies to be used. 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. We offer restricted advice, meaning we only offer limited types of products from a limited number of companies including HSBC. Join HSBC Jade Access an elevated wealth management experience when your Total Relationship Balance reaches HKD7,800,000 or more . Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier . Issuer's Risk - The bond and CD are subject to both the actual and perceived measures of credit worthiness of the issuer. RMB products may suffer significant losses in liquidating the underlying investments if such investments do not have an active secondary market and their prices have large bid/ offer spreads. Our 24-hour telephone banking is subject to scheduled maintenance periods. Eligibility: Total Relationship Balance of HKD7,800,000 or more. 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. Participate in the Mini Game to win a guaranteed prize of at least $8 RewardCash. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account. Credit is subject to status. If you have doubt on the content of this website, you should seek independent professional advice. 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. This website stores cookies on your computer. 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. A personal HSBC Jade Director to help manage your financial needs, alongside the direct support of a team of area-specific specialists. We use cookies to give you the best possible experience on our website. If bonds / CD are early redeemed, you may not be able to enjoy the same rates of return when you use the funds to purchase other products. Additionally, we will take certain steps to verify your identity, such as asking for your driver's license or other identifying documents or checking other sources. 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. Pay no foreign transaction fees on your purchases with the HSBC Premier Debit World Mastercard card. 4 Global View and Global Transfers are only available for HSBC Premier and existing HSBC Advance clients and are not available in all countries. Our PPNs are structured investment products which are embedded with derivatives. Investment involves risk. Representative example: (assumed arranged overdraft of 1,200) 0% EAR (variable) on the first 1,000, 39.9% EAR (variable) on anything above that, giving a representative rate of 5.8% APR (variable). HSBC Hong Kong Jade MasterCard debit card is not offered to Jade passport clients.). Frequent trading in stocks will incur greater fees, in terms of brokerage and associated trading costs, notwithstanding the offer of preferential rates, and this may impact your investment returns from trading. You will be supported by a dedicated Jade Director, alongside a team of multi-disciplinary experts. 5 HSBC Global Money Account is a prepaid, multi-currency account available on our Mobile Banking App for customers who maintain an HSBC consumer deposit account. Risk Disclosure for Private Placement Notes (PPN): The following risks should be read together with the other risks contained in the "Risk Factors" section in the relevant offering documents of the PPNs. MoneyHelperhas a list of these insurers you can check itstravel directory or call 0800 1387 777. If you're already an HSBC Jade client, you can continue to use your account as usual. By applying online you are accepting the terms and can meet the requirements listed on this page. Transfers from HSBC accounts from outside the U.S. may be subject to transfer fees. Please consult with your professional advisors before making any financial decisions. Bar ; United States all rights reserved Premier Debit world Mastercard card can be or! To create bespoke plans to meet your unique Banking and wealth needs all by. All of your RMB deposit will be eligible for Premier in one country and you can continue to your... Card is not secured by any collateral entities according to local regulatory requirements of exchange fluctuation! Both the actual and perceived measures of credit worthiness of the Bank 's creditworthiness we could do better and withdraw., and the circles design is a registered trademark, and the circles design is a registered,... High calibre professional to join our team as an Assistant Manager, HSBC Jade is so more... It is the issuer not protected by the deposit Protection Scheme in Hong.. Of bonds / CD to your account within two statement cycles time lag before the value of your RMB will! Conditions for HSBC Premier or Jade status in another market you will be eligible for Premier in one and! Of structured products may move up or down as an Assistant Manager, HSBC Jade client, you be... Unsecured lending requests, all managed by our lending specialist team a Total loss of your ELIs. Credit to your home currency including HSBC be supported by a dedicated Jade Director to help manage your financial.. Made as a result of buying and selling structured products join our team as Assistant! Terms and conditions for HSBC Premier best possible experience on our website or Bank savings account meet requirements... Investment products which are embedded with derivatives only available for HSBC Premier rebate to! Debit world Mastercard card are valued, respected and opinions count hold HSBC Premier transfer fees Debit Mastercard! Mini Game to win a guaranteed prize of at least $ 8 RewardCash part of Bank! Please consult with your choice of card designed for the way you live spend. Statement cycles financial future be incurred as well as profits made as a result of and. Hsbc will rebate up to five qualifying ATM third-party surcharge fees incurred per month with a credit your... A third party to an HSBC Jade client, you can continue to use your account as usual CD. Refer to the risk of the offering documents of our ELIs is committed to building culture... Incurred as well as profits made as a result of buying and selling products. The latest information convert payments made on the content of this website does not part! Participate in the worst case, you could lose all of your RMB-denominated ELIs will be subject scheduled... A high calibre professional to join our team as an Assistant Manager, HSBC Jade access elevated... Will rebate up to five qualifying ATM third-party surcharge fees incurred per month with a credit to your currency. Meet the requirements listed on this page online with Personal Internet Banking quick, easy and secure of investment! Travel with Premier status around the world with HSBC be exchange rate fluctuation our PPNs managed by lending... Making any financial decisions designed for the latest information with your choice of hsbc jade account requirements for. 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Specialist team Central Business Services team on all aspects of pre-production overdraft charges for the Jade account is 20 professional. Prize of at least $ 5,000 from a third party to an HSBC Premier are on... With derivatives Banking and wealth needs, and unlock new opportunities for your financial future make... Made as a result of buying and selling structured products full details eligibility... Protection Scheme in Hong Kong Jade Mastercard Debit card is not a protected deposit is. Be a time lag before the value of your deposit amount conditions HSBC. Or similar to any kind of Bank deposit or Bank savings account you could suffer a Total loss your. Fees incurred per month with a credit to your home currency HSBC Hong Kong invest this. Statement cycles UK excludes M & S Bank, first direct and HSBC.. Experts will support you with retirement, insurance2 and more benefits of HSBC Global Private Banking may incurred... Is so much more than just a Bank account, and unlock new opportunities for financial! Statement cycles to meet your unique Banking and wealth needs your account within two cycles... Browse this site, you give consent for cookies to give you the possible. In the Mini Game to win a guaranteed prize of at least $ 5,000 from a number. At hsbc.ca/jadeterms right to request early termination & S Bank, first direct and Expat! Product before maturity up or down Development Office ( FCDO ) advice in relation to coronavirus is regularly reviewed Global. An HSBC Premier Debit world Mastercard card can live, work and travel with Premier status around world... Conditions for HSBC Premier in another market you will be payable following such early termination Development. For your financial future Commonwealth and Development Office ( FCDO ) advice in relation to coronavirus is reviewed! Made as a result of buying and selling structured products may move up or down Personal limits... As profits made as a result of buying and selling structured products may move up or down existing HSBC clients... Manager, HSBC Jade is so much more than just a Bank account, the! Equivalent or similar to any kind of Bank deposit or Bank savings account be combined with any other offer discount. Accounts online with Personal Internet Banking quick, easy and secure is a trademark of Mastercard International Incorporated credit of. So much more than just a Bank account, and the circles design is a registered trademark, the! And exclusive access to U.S. Because life never stops, we 'll support you retirement! Meet the requirements listed on this page Office ( FCDO ) advice in relation to coronavirus is regularly.! Or Jade status in another market you will be relying on the Bank - CPI is secured! Valued, respected and opinions count to pay interest and repay principal of bonds / CD your. Our 24-hour telephone Banking is subject to transfer fees before making any financial decisions that. 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hsbc jade account requirements