HSBC Forex Club

The programme period is from 19 June 2025 to 30 June 2027, both dates inclusive.

The transactional period will be 180 days prior to the date on which you make a transaction during the programme period.

With the inclusion of new eligible FX transactions in the HSBC Forex Club, your Club tier now may change based on the updated tier structure starting 19 June 2025.

For example, let’s say your accumulated FX transaction amount is SGD120,000. This means your Club tier will change from the Gold tier to the Silver tier.

Or let’s say your accumulated FX transaction amount is SGD400,000. You’ll need to accumulate an additional SGD400,000 to reach the Platinum tier, instead of SGD100,000.

You can also now accumulate more FX transactions when you make Global Money Transfers and time deposits in the HSBC Singapore App. They’ll count towards the amount you accumulated over the last 180 days.

We determine the entitled FX rate discount by adding the SGD equivalents of:

• your eligible FX transactions during the transactional period
• any transactions already completed that day
• the current transaction in process

The discount will be applied on the FX conversion charge we charge.

All eligible FX transactions in currencies other than SGD will be converted into SGD at the bank’s prevailing exchange rate to determine the approximate FX transaction amount.

How do you determine the transactional period and the discount rate? 

The transactional period is the last 180 days from today or from the day you make an FX transaction.

For example, the programme start date is on 19 June 2025, the transactional period for the accumulation of FX transactions in the last 180 days starts on 21 December 2024.

If you made an FX transaction of SGD50,000 in January 2025 and another one of HKD295,224 (SGD50,000) in April 2025, your accumulated FX transaction amount would be SGD100,000.

Then if you make an FX transaction of SGD50,000 on 21 June 2025, you'd have an accumulated amount of SGD150,000 and can enjoy a Gold tier discount of 25% on the exchange rate for this transaction. The new transactional period for accumulation start date is now 23 December 2024.

If you make another FX transaction of SGD650,000 on a day that falls under the same transactional period, based on your new accumulated amount of SGD800,000, you can enjoy a Platinum tier discount of 40% on the exchange rate of this transaction.

These FX transactions are eligible:

• FX transactions made using Worldwide Transfers
• Transfers within your Everyday Global Accounts (HSBC Phone banking, or on the HSBC Singapore App and HSBC Online Banking)
• HSBC Global Money Transfers to third-party HSBC accounts via HSBC Singapore App^#
• HSBC Global Money Transfers to non-HSBC accounts via HSBC Singapore App^#
• FX conversion for Time Deposits placement via HSBC Singapore App^#
   

# Newly included with effect from 19 June 2025
 

The accumulated FX transaction amount is calculated based on how you make your eligible FX transaction.

Sole account

For Eligible FX Transactions performed on mobile, personal internet banking: Any Eligible FX Transactions performed for a sole account on mobile, personal internet banking, will count towards the Accumulated FX Transaction Amount for the sole accountholder who logged into the mobile platform or online banking, for purposes of determining the discount for that sole accountholder’s next Eligible FX Transaction(s).

Joint account

(i) For Eligible FX Transactions performed on mobile and personal internet banking: Any Eligible FX Transactions performed for a joint account on mobile or personal internet banking, will count towards the Accumulated FX Transaction Amount for the sole account of that particular individual (such individual also owns that joint account with other accountholder(s)) who logged into the mobile platform or online banking, for purposes of determining the discount for that sole accountholder’s next Eligible FX Transaction(s). The FX transaction amounts accumulated using your joint account for such FX Transactions performed on mobile or online will not be shared with your other joint accountholders.

All non-SGD eligible FX transactions in currencies other than SGD will be notionally converted into SGD at the bank's prevailing exchange rate for the purpose of determining the accumulated FX transaction amount.