IAN YIM, Head of Wealth and International at HSBC Singapore, answers some common questions asked by newcomers moving or living in Singapore and the ways the bank can support you.
How do I start building a life for my family in Singapore?
The first important step, of course, is finding a home – whether it’s a condominium apartment in Holland Village you’re looking for, or a quaint shophouse in Katong. HSBC has real estate agent partners who are experts in helping families find homes in Singapore that match their needs and expectations; they have successful track records, they know the expat market well, and you can rest assured that you’ll receive exclusive offers through them, too.
What about schooling? Any advice on which school to choose?
Like many expats, if you’re still deciding between an international school and a national curriculum school for your child, HSBC partners with study advisors including Purry Consultant Services, who can point you in the right direction. You’ll soon have a better understanding of Singapore’s school system and be able to assess your child’s needs to determine the best school that aligns with your family’s life goals.
From a work perspective, can you help with getting the lowdown on Singapore’s legal and tax system?
You know what they say: the best advice is always free. As a HSBC customer, you can enjoy complimentary consultations across the legal and tax sector with our trusted partners. For example, you can get familiarised with Singapore law with Summit Law Corporation, and understand how the Singapore tax system works with Costline.
What about the fun things to do?
For exploring the local lifestyle, you’re able to unlock a range of exciting offers with your HSBC card. This means new expats in Singapore can explore the city’s foodscape, join fitness classes, and even enjoy one-for-one hotel deals while travelling in the region.
I’ll need to look after my money. How can HSBC help?
Managing your finances is easier said than done when you’re a global citizen on the move.
But whether this is your first or your third time living abroad, it’s always easier to settle in when you’ve a trusted banking partner that supports your financial goals and beyond.
As you take the time to ease into life in Singapore, we’ll settle the rest with our full suite of services. Think 800 cash touch points, contactless payments and paying for train rides with just your HSBC Debit or Credit Card. Thinking long-term? Whether it’s building your dream home or fulfilling your child’s dreams, you’ll enjoy attractive interest rates on personal loans and deposits that let you fund what matters most to you.
What if I have accounts in different countries?
Our HSBC Everyday Global Account is designed to support all the international needs you might have. It’s an everyday transactional account, multi-currency account and travel debit card all in one. That means you can now have access to 11 major currencies under one account – including US dollars, Aussie dollars, euros, pounds and more.
To further help you manage your international finances, we’ve developed a mobile app, HSBC QuickFX, that allows you to transfer currencies between HSBC accounts across 26 countries in real time, and make remittances for overseas education, properties or investments to over 200 countries. It’s a great way to maintain easy control over FX conversion, and keep up to date with the latest market developments as well.
Visit hsbc.com.sg/expat to get started with their expat banking services and more.
For more helpful tips head to our Living in Singapore section.
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