With HSBC Advance our customers don't just get a current account. They'll also find extra privileges to keep them smiling.
Here's what you'll get:
- International debit card
- Free cash withdrawal from all ATMs in Qatar
- Global View and Global Transfers to manage HSBC accounts around the world with one log-in on one page
- Credit Card: An HSBC Advance Platinum MasterCard with no annual fees
- Free Transfers for HSBC Premier and HSBC Advance customers using Global View and Global Transfers
You are eligible to apply for HSBC Advance if you:
- Maintain an average monthly balance of QAR 100,000 or more with HSBC in Qatar. No monthly fees apply or
- Earn a minimum salary of QAR 15,000 per month and your salary is assigned to your HSBC Advance Account. A fee of QAR 70 per month will apply
To complete the Account opening process, personally visit any of our HSBC branches with the following documentation:
- Original Passport with valid Residence/Work Permit and Qatar ID issued by the Ministry of Interior (Expatriates)
- Qatar ID issued by the Ministry of Interior (Nationals)
- Salary Transfer Letter from your employer
- Proof of Residence – copy of electricity bill/ telephone bill/ rental agreement
What is Travel Insurance?
Travel insurance protects you against emergency medical expenses, baggage delay, cancellation of trips and flight delay etc. while you travel
What is the current travel insurance feature on Advance?
Free worldwide multi trip travel insurance is provided by Zurich Insurance Middle East S.A.L. ("Zurich") to all HSBC Advance account holders. It protects you against emergency medical expenses, baggage delay, cancellation of trips and flight delay etc. while you travel
What is the change related to travel insurance for Advance Account Holders?
Effective 30th June 2016 free worldwide multi-trip travel insurance will cease to exist as a feature for all HSBC Advance Account holders
What will happen if an HSBC Advance Account Holder has a claim or occurrence of an insurance event on or before the 30th of June?
Our partner will continue to honor all claims or occurrence of an insurance event for travel insurance which have been incurred on or before the 30th June 2016 subject to policy conditions
What will happen if an HSBC Advance Account Holder has a claim or occurrence of an insurance event after the 30th of June?
After this date, this feature will no longer be available and any claims by the Advance customers will not be honoured by Zurich. Any occurrence of an insurance event after this date will not be processed by our partner
Do HSBC Advance Account Holders get any other benefit since this feature is being removed?
Yes. As an HSBC Advance customer, you currently enjoy Global View and Global Transfers where you can transfer funds instantly and easily within your HSBC accounts globally through Internet banking. We are pleased to inform you that effective 12 April 2016; HSBC Advance customers will enjoy free international Global Transfers*. This means the USD7 online transfer fee that was previously applicable will no longer be applied to Advance customers.
What is Global View?
HSBC Global View allows a single view of all your HSBC accounts in different countries.
What is Global Transfer?
HSBC Global Transfers allow you to transfer money instantly between your accounts linked on HSBC Global View.
How are accounts linked on HSBC Global View?
Click here for a demo to link accounts on HSBC Global View.
Can more than one account be linked on HSBC Global View?
Yes, all your accounts within HSBC in participating countries can be linked to HSBC Global View
Who can use HSBC Global View and Global Transfers?
Global View and Global Transfers is available for HSBC Premier & HSBC Advance customers.
How does an HSBC Advance Account Holder use Global View Global Transfer?
It's easy. All you need to do is:
1. Log on using Secure Key
2. Go to 'Global View'
3. Select 'Global Transfers'
How are transfers made on HSBC Global Transfers?
Click here for a demo to transfer money on HSBC Global Transfers.
Is instant money transfer available for all currencies?
Click here for a list of currencies to transfer money instantly.
Is there a limit on the amount to be transferred?
The maximum daily limit is USD100,000.
Why do Global Transfers in some currencies take longer than others?
Some currencies can only be traded on-shore due to local regulatory restrictions, and although these currencies will still be available for you to transfer in, there may be a short delay in processing these transactions.
How frequently are the rates refreshed for Global Transfers?
Live exchange rates are available on Personal Internet Banking and are refreshed every 90 seconds during international weekdays (Monday-Friday). On International weekends (Saturday and Sunday) or when the currency markets are closed, the rate remains unchanged until the next international working day.
What was the fee charged earlier?
Earlier the fee charged was USD7 per transaction on Global Transfer
What is the current fee on GVGT?
Effective 12 April 2016, this fee is now removed for HSBC Advance Customers.