HSBC Hong Kong Introduces New Global Private Banking Mastercard Debit Card and Supplementary Debit Card

HSBC Hong Kong launches the new HSBC Global Private Banking Mastercard Debit Card and Supplementary Debit Card to provide customers with the most rewarding and convenient foreign currency payment experience, including the most competitive foreign currency exchange rates, a waiver for foreign currency transaction fees, a handling fee waiver for foreign currency cash withdrawal at HSBC Group and Mastercard and Cirrus network ATMs worldwide, and a 0.5% instant cash rebate on all spendings. Notably, the launch of supplementary debit cards is the first of its kind in Hong Kong.

Amy Kam, Head of Cards and Personal Lending, Wealth and Personal Banking, HSBC, Hong Kong said: “There was an extraordinary 70% year-on-year increase in the number of debit cards issued in 2023. Overall debit card spending also surged by 100% year-on-year. For the same period, overseas debit card spending by HSBC customers was also up 120%, reflecting a growing demand for debit card-related services. In response to these needs, we have rolled out a dedicated debit card for our global private banking clients, ensuring seamless and convenient spending when traveling overseas or making online FX transactions. In addition, HSBC Global Private Banking Mastercard Debit Card holders can easily manage their accounts 24/7 through the HSBC HK App, whether during travelling or supporting their children studying overseas. Clients can adjust spending and cash withdrawal limits, and monitor supplementary card expenditures.”

To cater to the overseas spending and overseas education needs of clients and their families, the HSBC Global Private Banl‹ing Mastercard Debit Card supports up to 12 designated currencies, including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, RMB, SGD, TH B and USD.

Bryce Wan, Marl‹et Head of Global Private Banl‹ing, North Asia, HSBC, said: “We are pleased to introduce our HSBC Global Private Banking Mastercard Debit Card’. This new card is designed to deliver best-in-class foreign currency payment services for our clients, particularly a spending limit of up to HKD200,000‘ with a waiver of all administrative fees. Our recent report shows that 96% of Hong Kong entrepreneurs are actively seeking international business expansion, with over half exploring global educational opportunities for their children. As our clients continue to pursue an international lifestyle, we will continue to enhance our services to offer an unparalleled client experience.”

About The Hongl‹ong and Shanghai Banl‹ing Corporation Limited

The Hongkong and Shang hai Banl‹ing Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of $3,021 bn at 30 September 2023, HSBC is one of the world’s largest banking and financial services organisations.

 

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, The Digital Banker will share the Data with our associate companies (including event and content sponsors) to promote their products and services. You will also be automatically subscribed as a user on www.thedigitalbanker.com. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.