New offering puts the world of banking in customers’ pockets – ability to seamlessly hold, manage and send money across countries instantly 24/7 now available
HSBC Bank USA, N.A., (HSBC), part of the HSBC Group, announced the launch of its newest real-time payments offering. HSBC’s Global Money Account allows its international customer base to hold, manage and send money across various currencies to 14 million HSBC customers in 20 countries worldwide through a single account 24/7. There are no fees associated with Global Money transfers, giving customers a faster and more cost-effective payment option.
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“This will allow them to pay bills in multiple markets, make cross border transfers and spend like a local wherever they are.”
“As the world’s leading international bank, it is our ambition to put banking in our customers’ pockets, and create a top-tier borderless banking experience that lets them manage their finances whenever and wherever they want,” said Matthias Dekan, Head of HSBC Global Money, HSBC Group. “Through the COVID-19 pandemic, we have seen usage of our Mobile Banking facilities increase by more than 150 percent. The HSBC Global Money Account further supports our customers in being able to manage their finances from the comfort and safety of their homes or when they’re on the go.”
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During a time of uncertainty, customers need the assurance their funds will be transferred instantly and cost-effectively. The new platform allows users to send funds across any HSBC bank account around the clock in real time, receive preferential FX rates within the Global Money Account and have a seamless and convenient customer experience with day-to-day account tasks.
“The ambition for Global Money Account is to provide our customers with one global account for all of their financial needs so that if they move from one market to another, they don’t need to open a new account, they just take their existing account with them,” said Carolyn Criscitiello, Head of Digital Payments, Wealth and Personal Banking, HSBC USA. “This will allow them to pay bills in multiple markets, make cross border transfers and spend like a local wherever they are.”
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