HSBC Day To Day Account

The HCBC Day to Day account can meet all your day to day banking needs. A simple, free (no monthly fees!) account with all the access and basic conveniences you could need, this is definitely worth your consideration. And you can earn a flat rate of interest on your savings too. Read on for our detailed review.

Is This the Account For Me?

As the name suggests, HSBC’s Day to Day transaction account is aimed at anyone who needs an account for every day transactions. If you want a smart, simple, accessible and cheap bank account with all the basic bank features you could ask for, this could be the account for you. It also helps that you can earn some interest on your balance.

The Advantages of This Account

You’ll be pleased to know that the HSBC Day to Day transaction account will enable you to enjoy $0 monthly account keeping fee, unlimited electronic transactions at over 2,900 HSBC, Westpac, St George, Bank of Melbourne and BankSA ATMs at no charge, HSBC Visa Debit Card for secure and convenient access to your money, access anywhere any time through Internet, Mobile and Phone Banking and more!

Account access is fabulous. Internet banking, telephone banking, branch, Visa debit card, ATM, EFTPOS, BPAY, Bank@Post and last but not least, cheque book are all at your fingertips. The debit card that comes with the account is a Visa card that’s accepted virtually anywhere worldwide.

Another benefit is that you can receive your statements at the frequency you want and in the way you want. The default is every 6 months, but you can request monthly statements and get them on paper or in e-statement form.

The only fees related to the account are for international transactions, staff assisted phone banking or branch withdrawals and transfers. These are all easy to avoid, or in the case of the international transfers, very standard.

While it’s possible to earn up to 3.5% in interest, you’ve got to have $500,000 or more in your account to get that rate. This is a no frills account that’s all about convenience and cost cutting.

Eligibility

To be eligible for the HSBC Day to Day transaction account you need to be 18 or over, have an Australian residential address and be a personal applicant (ie. not a business, trust or company). If you’re an overseas resident you can still apply, but have to contact their Direct Banking Centre or your local HSBC International Banking Centre.

How Do I Open an HSBC Day to Day Transaction Account?

Opening an account at HSBC is simple and is more or less just a few clicks away. You can apply in your branch, but it’s much quicker to apply online by filling out the necessary forms. Applications online are just as secure and the process is simple and easy. Customers will need to demonstrate proof of identity (driver’s license or passport) and have a valid email address.

Summary

The HSBC Day to Day transaction account is a great option if you are looking for a straightforward account to do your day to day banking with no monthly fees and plenty of convenient access options for your funds.