• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Go to Expat Living Hong Kong
Get our Newsletter

Lifestyle Guide To Moving To & Living in Singapore - Expat Living HomepageLifestyle Guide To Moving To & Living in Singapore - Expat Living

Moving to Singapore and not sure where to start? Expat Living is the essential lifestyle guide to living in Singapore.

Login Pelcro Shop

Menu
  • Living in Singapore
      • Living here
      • Neighbourhood Guides
      • Schools
      • Property
      • Work & Finance
      • For Guys
      • Environment
      • Readers’ Choice Awards
        • Lion City university application fairCareer guidance & help with university applications
        • Facing University challenges university in singaporePrepare your child for university in Singapore
        • Hari Raya Puasa bazaarHari Raya Puasa 2023 – how is it celebrated?
        • By Fable Farewell Gifts copyFarewell gifts for colleagues and friends in Singapore
      • View all
    Close
  • Things To Do
      • Things to do
      • EL Events
      • Calendar
      • Competitions
      • Noticeboard
        • Water play areas singapore vivo city shopping centresFree water playgrounds & water parks in Singapore!
        • FIBA 3X3What’s on this week and beyond
        • Hari Raya Puasa bazaarHari Raya Puasa 2023 – how is it celebrated?
        • 10 places for teenagers to hang out in Singapore
      • View all
    Close
  • Kids
      • Enrichment
      • Kids Things To Do
      • Mums & Babies
      • Schools
      • Tots & Toddlers
      • Tweens & Teens
        • Lion City university application fairCareer guidance & help with university applications
        • Water play areas singapore vivo city shopping centresFree water playgrounds & water parks in Singapore!
        • 10 places for teenagers to hang out in Singapore
        • Mental health support for toddlers to teens
      • View all
    Close
  • Homes
      • Home Decor
      • Readers’ Homes
      • Furniture
        • Contemporary Rugs and Floor Coverings – who bought what?
        • Havana Interiors home stylistsNeed decorators, home stylists or an interior designer?
        • Bedrooms: Bed frames, bedding & bedside tables!
        • Affordable art in SingaporeBuying affordable art in Singapore – it is possible!
      • View all
    Close
  • Travel
      • Asia
      • Australia & New Zealand
      • Rest Of World
      • News
      • Travel Offers
        • property in sydneyBuying property in Sydney
        • international health insurance for singapore expatsHealth insurance for Singapore expats
        • Travel News & Hotel Deals
        • Chloe from E&A InteriorsBuilding a holiday villa in Sri Lanka from start to finish!
      • View all
    Close
  • Wine & Dine
      • Asian Cuisine
      • Western Cuisine
      • Bars & Clubs
      • Groceries & Speciality Services
      • Recipes & Classes
        • easter brunches and buffets singaporeEaster Brunches – Easter food buffets & free-flow!
        • New Nibbles: Foodie news!
        • All you need to know about Crab Bee Hoon in Singapore
        • local desserts in singapore - Rainbow ice cream breadMust-try local desserts in Singapore
      • View all
    Close
  • Style & Beauty
      • Fashion
      • Hair & Beauty
      • Beauty Offers
        • Niessing gold jewellery in SingaporeI discovered a 150-year-old jeweller in Singapore!
        • slimming facial massage review facial ginzaWe review a Japanese slimming facial massage!
        • yun nam hair care abd scalp treatmentYun Nam Hair Care Reviews DIY Treatments
        • weight gainLondon Weight Management reviews dangers of weight gain
      • View all
    Close
  • Health & Fitness
      • Dental
      • Fitness
      • Medical
      • Wellness
        • weight gainLondon Weight Management reviews dangers of weight gain
        • Here’s why sleep is so important
        • core exercises in singapore7 Singapore Pilates studios for core exercises & more!
        • at-home personal training yoga in singaporeYoga classes in Singapore, and the benefits!
      • View all
    Close
  • Shop
    • PRINT MAGAZINE
    • DIGITAL MAGAZINE
    • Close

Faster international money transfers

3rd September 2021 by Rebecca Bisset 3 Min Read

https://expatliving.sg/fast-international-money-transfers-no-fee/

What the past year has taught us more than anything is that even if we can’t be there in person, we need to be able to help family in other ways. Thank goodness for Zoom for boosting morale. (My family has been doing Zoom quizzes across five continents!) It’s also taught us that we need things to be as simple as possible – and we know digital doesn’t always mean simple. My 92-year-old mum has managed WhatsApp, Instagram, Zoom and even digital banking brilliantly. But many parents aren’t as nimble.

Being able to help financially from afar has been one of the top priorities for me and probably many of you. It’s so important to be able to do fast international money transfers easily and in the most cost-efficient way.

Why you might need to do international money transfers

If I look back at the reasons I’ve needed to send money overseas over the years, most of them have been unplanned. So you definitely don’t want to have large transfer fees each time. And, you want a fast money transfer to whichever country it has to go to.

For my kids, getting university fees, house rentals and utility bills transferred to Australia has been fairly straightforward. But those are things you can plan ahead for. You also have the one-offs; a piece of furniture, a dental appointment, a cold weather jacket, or a university function where you’re only given a couple of days’ notice – if you’re lucky. (You know what kids are like!)

On the other end of the spectrum, many of us have parents who are depending on us financially too. From care home fees to making sure they’ve got enough for medical care, the money needs to be available quickly when they need it. As I said earlier, my mum in the UK is pretty capable; but I do worry that she doesn’t heat her home properly in winter because she’s counting her pennies.

An easy solution for HSBC customers

Those from that older generation think they’re tough, but they don’t need to be when you can help them so easily – especially if you’re not having to worry about transfer fees each time!

The good news for HSBC customers with an Everyday Global Account (EGA) is that they can transfer funds internationally to anyone – including non-HSBC customers – faster and fee-free*.

hsbc global money transfers

How? By using HSBC’s Global Money Transfers (GMT). This new mobile remittance solution leverages the bank’s global footprint and digital capabilities to allow you to send money ‘like a local’ to over 20 countries or territories and wire transfers to over 200 countries or territories via SWIFT. In future, you’ll also be able to receive like a local. All you need to do is set up a local bank account here, and you can then transfer money internationally faster – including to kids at university in Australia, or shivering parents in the UK! This global reach is set to increase in the near future too.

Other advantages

The added benefits are that you get real-time exchange rates with the foreign exchange service Online GetRate. And, if you have an Everyday Global Debit Card, you don’t pay any fees for your retail purchases and cash withdrawals in 10 currencies.

With the new HSBC Everyday+ rewards programme, you can also enjoy cashback and bonus interest on your everyday transactions.

If you need to transfer money to China, Singapore is the first HSBC market in Asia to launch GMT, which includes a partnership with UnionPay. This means that HSBC customers in Singapore can transfer money to China via UnionPay cards issued in mainland China within minutes. HSBC Singapore is the only global bank in Singapore to provide this capability.

There are plenty of countries who have been impacted by the lack of tourism. I’ve been sending money to help some places that I know well – as close as Batam and as far as Harare. Working with an easy money transfer app like this would definitely help it go directly to those that need it.

How Global Money Transfers works:

  1. Convert your funds into different foreign currencies and send money internationally from your Everyday Global Account via the HSBC Singapore app.
  2. Access real-time and competitive foreign exchange rates.
  3. Know the exchange rate before sending your transfer.
  4. Get an estimated arrival of your transfer.

HSBC Global Money Transfers is available to all HSBC Everyday Global Account customers with access to the HSBC Singapore app. It’s available only on the HSBC Singapore app.

Don’t have an HSBC Everyday Global Account? Apply now easily with Myinfo via Singpass and top up your account to receive S$50 worth of Lazada vouchers. (Terms and conditions apply.)

Find out more at HSBC Global Money Transfers.

*Most transfers are fee-free but some intermediary banks may charge fees.

 

 

Get the latest events, stories and special offers sent to your inbox
Get the latest events, stories and special offers sent to your inbox

Categories: For Guys Living in Singapore Work & Finance Tags: HSBC

Rebecca Bisset

Heading up Expat Living, Rebecca started off in photography and video. A bit of a nomad before Singapore, she likes to travel when she can but she finds looking at properties as exciting!

You May Also Like

Facing University challenges university in singapore

Prepare your child for university in Singapore

Artificial Intelligence sendhelper and property guru

Use of Artificial Intelligence to Improve Women’s Lives

Arete Culture XCL World Academy fitout

Check out this fabulous school fitout!

Primary Sidebar

  • Competitions
  • Noticeboard
  • Subscribe
  • About
  • advertise
  • Contact
  • Privacy

© 2023 Expat Living Singapore, All Rights Reserved.