HSBC Amanah Foreign Currency Account-i

HSBC Amanah Foreign Currency Account-i (FCA-i) is a foreign currency denominated account which currently provides customers with the opportunity to hold accounts in up to 11 foreign currencies.

Benefits

  • Hedge against exchange rate fluctuations
    A good option to hedge against exchange rate fluctuations by keeping money in the account until the rate is beneficial to you.
  • Funding for your child's future education
    If you plan to send your child to study overseas, for example in Australia, saving your child's education fund in an Australian Dollars denominated FCA-i will potentially save you the worries of Australian Dollars appreciating against the Malaysian Ringgit. This may help you better manage your budget to support your child's education.
  • An alternative form of investment with fixed profits
    Assures you fixed profits on your deposits placed with us on different tenures ranging from 1 to 12 months.
  • For Non-Residents employed in Malaysia to retain funds
    If you are a Non-Resident employed in Malaysia, you may retain funds in foreign currency received from overseas.

Denominations offered

HSBC Amanah Foreign Currency Account-i is available in the following denominations:

  • USD - United States
  • GBP - Great Britain
  • AUD - Australia
  • SGD - Singapore
  • EUR - European Union
  • YEN - Japan
  • CAD - Canada
  • CHF - Switzerland
  • NZD - New Zealand
  • HKD - Hong Kong
  • CNY - China

Types of accounts

Foreign Currency Savings Account-i

Based on Shariah principle of Qard (loan).

With a wide range of currencies available, the HSBC Amanah Foreign Currency Savings Account-i provides an easy way for you to save in a foreign currency:

  • Low minimum account balance requirements (refer to table below)
  • Easy access to your funds via branch and HSBC Amanah online banking

Foreign Currency Term Deposit Account-i

Based on Shariah principle of Commodity Murabahah.

An account that offers a fixed profit rate for your chosen tenure (ranging from 1 to 12 months). It is an ideal solution to help you earn potentially higher returns on your foreign currency than a normal savings account:

  • Choose from a range of major foreign currencies (refer to table below)
  • Choose from a range of tenures: 1, 3, 6, 9 and 12 months
  • Upon maturity, you can re-invest your funds or withdraw some or all of your funds
  • Access and open new Foreign Currency Term Deposit-i account conveniently through your HSBC Amanah online banking

Requirements

The minimum deposit amount varies according to the type of foreign currency of your choice. The minimum deposit is also the minimum amount balance requirements for this account.

Minimum deposit amount requirements based on account type
Type of currency Foreign Currency Savings Account-i Foreign Currency Term Deposit Account-i
USD - United States 1,000 minimum deposit required 3,000 minimum deposit required
GBP - Great Britain 500 minimum deposit required 2,000 minimum deposit required
AUD - Australia 1,500 minimum deposit required 4,000 minimum deposit required
SGD - Singapore 1,500 minimum deposit required 4,000 minimum deposit required
EUR - European Union 700 minimum deposit required 2,000 minimum deposit required
JPY - Japan 100,000 minimum deposit required 300,000 minimum deposit required
CHF - Switzerland 1,000 minimum deposit required 3,500 minimum deposit required
HKD - Hong Kong 7,000 minimum deposit required 25,000 minimum deposit required
CAD - Canada 1,000 minimum deposit required 3,000 minimum deposit required
NZD - New Zealand 1,500 minimum deposit required 4,500 minimum deposit required
CNY - China 7,000 minimum deposit required 20,000 minimum deposit required
Minimum deposit amount requirements based on account type
Type of currency USD - United States
Foreign Currency Savings Account-i 1,000 minimum deposit required
Foreign Currency Term Deposit Account-i 3,000 minimum deposit required
Type of currency GBP - Great Britain
Foreign Currency Savings Account-i 500 minimum deposit required
Foreign Currency Term Deposit Account-i 2,000 minimum deposit required
Type of currency AUD - Australia
Foreign Currency Savings Account-i 1,500 minimum deposit required
Foreign Currency Term Deposit Account-i 4,000 minimum deposit required
Type of currency SGD - Singapore
Foreign Currency Savings Account-i 1,500 minimum deposit required
Foreign Currency Term Deposit Account-i 4,000 minimum deposit required
Type of currency EUR - European Union
Foreign Currency Savings Account-i 700 minimum deposit required
Foreign Currency Term Deposit Account-i 2,000 minimum deposit required
Type of currency JPY - Japan
Foreign Currency Savings Account-i 100,000 minimum deposit required
Foreign Currency Term Deposit Account-i 300,000 minimum deposit required
Type of currency CHF - Switzerland
Foreign Currency Savings Account-i 1,000 minimum deposit required
Foreign Currency Term Deposit Account-i 3,500 minimum deposit required
Type of currency HKD - Hong Kong
Foreign Currency Savings Account-i 7,000 minimum deposit required
Foreign Currency Term Deposit Account-i 25,000 minimum deposit required
Type of currency CAD - Canada
Foreign Currency Savings Account-i 1,000 minimum deposit required
Foreign Currency Term Deposit Account-i 3,000 minimum deposit required
Type of currency NZD - New Zealand
Foreign Currency Savings Account-i 1,500 minimum deposit required
Foreign Currency Term Deposit Account-i 4,500 minimum deposit required
Type of currency CNY - China
Foreign Currency Savings Account-i 7,000 minimum deposit required
Foreign Currency Term Deposit Account-i 20,000 minimum deposit required

Apply for HSBC Amanah Foreign Currency Account-i

Find your nearest branch and talk to our staff about applying for Foreign Currency Account-i.

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