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Overseas education

Making it easy for your family to study abroad

Where should I start?

Every year, students from Asia Pacific leave home to study abroad in countries such as Australia, the United Kingdom, and the United States. Parents can find the process quite overwhelming which is why HSBC Premier is here to help you.

Research and planning

The first step is to determine which country best suits your child. This is the key to financial planning as education and living expenses differ from country to country.

Understanding your destination

From general country information to education system overviews, our country and education guides aim to help you.

Getting ready for departure

Before leaving your home country, do consider the following checklist:

Disclaimer: Please note the above checklist is not exhaustive. It is for general information only and is not intended to provide professional advice.

During the time abroad

Your child might need help with expenses or encounter an emergency requiring support while abroad. As a HSBC Premier customer, the privileges you enjoy can be extended to your family. Our Global Safety Net offers an emergency cash advance of up to USD2,000, next-day card replacement, and advice and assistance on issues such as identity theft and personal safety.  

Global View Banking gives you instant access to your accounts including fee-free, real time money transfers while comprehensive worldwide insurance offers protection for you and your family. 

You also have a dedicated Relationship Manager to take care of your family's financial needs, including day-to-day money management and emergency support around the world. 

How HSBC Premier can help?

Planning and preparing for your child's overseas education can be quite a stressful task. There is, after all, quite a lot to do. Together with our education partners, we can guide you through the process.

Getting ready

With HSBC Premier's support, getting your children ready for study overseas has never been this easy. Our services include:

  • Free pre-departure Overseas Account Opening for family members of Premier customers
  • Setting up your HSBC Premier bank account, credit and debit cards prior to departure
  • Providing you with contact details of your HSBC Premier Relationship Manager in your destination country, so you know who to call if you have a problem
  • Access to AssetLink, a hassle-free loan secured by your existing HSBC relationship balances. With this instant credit facility, you can fund your child's education without giving up the income you can earn on your current deposits and investments
  • Education financial planning: if you don’t already have an education plan for your children, your Relationship Manager will help you develop one
  • Availability of HSBC Premier Child Savings Account

Managing your finances overseas

HSBC Premier is relationship banking without boundaries, designed to give you recognition and benefits whether at home or abroad:

  • View all your accounts locally and overseas online using our Global View function available on HSBC Premier online banking
  • Fee-free online money transfer between any of your HSBC self-named accounts via our Global Transfer function available on HSBC Premier online banking
  • Fee-free access to all Group ATMs for cash withdrawals using the Premier Debit Card/ATM Card
  • Worldwide access to over 24,000 HSBC ATM's and more than 1 million Cirrus/Plus ATM
  • Access to 24-hour internet and phone banking service

Providing emergency support

HSBC Premier is relationship banking without boundaries, designed to give you recognition and benefits whether at home or abroad:

  • In the event of loss or theft, we will provide an instant emergency cash of USD2,000 (or local currency equivalent), next-day card replacement and other expert advice

Eligibility criteria

You qualify for HSBC Premier in the Philippines, if you maintain a minimum Total Relationship Balance (TRB) of PHP4,000,000, or its foreign currency equivalent. Your TRB would include your deposits and investments.

 

Total Relationship Balance (TRB) is calculated based on the average total balances in all deposit accounts, plus the market value of all investments and insurance held, within the bundled account package in the Accountholder’s name in any one calendar month. This also separately refers to the original approved and drawn amount of an Accountholder’s mortgage account.

Note: A minimum TRB of USD100,000 (or its equivalent in local and other eligible foreign currencies) is required to be eligible for Investment products. These products are only available for HSBC Premier.

Disclaimer: The information provided is intended as a general guide for reference. Benefits and features may be subject to local country regulatory restrictions. Please refer to the Premier Service Guide for detailed information.

Discover more exclusive HSBC Premier features

 

Let our network of specialists help you.

 

Explore the Premier benefits for your family.

 

Rewards and privileges wherever you go.

 

Rewards for our credit card customers.

For inquiries or complaints, please call HSBC's Customer Services at +63(2) 85-800 from Metro Manila, 
+1-800-1-888-8555 PLDT domestic toll-free, +63(2) 976-8000 from overseas, (country code) + 800-100-85-800 international toll-free for selected countries, or send an email to hsbc@hsbc.com.ph. If you want to find out more about HSBC's customer feedback procedures, please visit hsbc.com.ph/feedback.

The Hongkong and Shanghai Banking Corporation Limited is an entity regulated by the Bangko Sentral ng Pilipinas (Bangko Sentral). You may also contact the Bangko Sentral Financial Consumer Protection Department at 
(02) 708-7087 or consumeraffairs@bsp.gov.ph.

Note: Do not provide your account or credit card numbers or disclose any other confidential information or banking instructions through email.