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Written by: Wang Yuechen
2020-08-28 10:45
Last update date: 2020-08-28 10:48In recent years, it has become common practice for Hong Kong people to send their children overseas to study. After selecting a suitable school, the next step must be to prepare your children for further studies in advance, ranging from preparing local phone cards, clothing and spare medicines to suit the local weather, to arranging bank accounts to ensure that funds are available in time to pay for education and life related matters. Costs are also very important-first listen to the experience of a 24 filial mother.
As the mother of two daughters, the eldest daughter Emily went to the UK to study after graduating from sixth form last year. Mrs. Li understands that in addition to enrollment procedures, opening a bank account is also an important part, so he reminds her daughter to open an account at the local bank first, so that Mrs. Li can send her tuition and living expenses as soon as possible. Wait. However, to Li Tai's surprise, Hong Kong people went to foreign bank branches to go through the formalities in person. The process turned out to be full of twists and turns.
Arriving at the local area to open an account alone in a hurry to send money overseas is complicated and expensive
Emily was studying abroad for the first time, and when she arrived in the UK, she went to the bank to open an account and ran into trouble: the staff said that the amount of money she brought to open the account was too low to meet the threshold required by the bank. So, Emily went to another bank the next day, but the clerk said that she hadn't brought all the required documents, and the trip was in vain. After she gathered all the documents, she went to the bank to open an account with great joy, only to find that the settlement time had passed and she had to come back another day.
Since he had not opened an overseas account in Hong Kong in advance, Emily had only a few thousand Hong Kong dollars and foreign currencies brought in by Hong Kong. As we all know, living in the UK, food, clothing, housing and transportation are expensive. Before opening the account, Mrs. Li really felt broken when talking to Emily every night about her bumping into a wall. It was the first time a child went overseas to study abroad alone and encountered so many problems. As a mother, she knew that her daughter had to face such a hesitant situation in a foreign country alone. Mrs. Li was even more nervous about whether she had enough cash. Mrs. Li was even more worried about her experience. She had trouble sleeping and eating, and even blamed herself for not accompanying her to the UK to settle matters.
Later, Emily finally opened a bank account, but Mrs. Li's nightmare is still not over. Generally, bank remittance procedures are quite complicated. It has taken Mr. Li for half a day from filling out the form to reading the terms and conditions. In addition, every time the remittance bank will charge a handling fee, Mrs. Li, who has always been budget-conscious, is very upset.
Later, when Mrs. Li and her cousin Kelly vomited, they learned that there were already banks in Hong Kong that provided one-stop global banking services, which catered to the needs of international students from opening an account to transferring funds.
If you plan to let your children study abroad, parents should arrange bank accounts for their children in advance.
One-stop global financial management solution in Hong Kong is easy and worry-free
HSBC Premier Banking provides customers with the service of opening child accounts, so that their children can enjoy global financial support overseas.
Kelly said that individual banks can allow parents to open overseas accounts in Hong Kong and other places in advance, so that parents can arrange for their children's spare cash in advance. As an HSBC Premier Banking customer, she can first open a "HSBC Premier Banking Child Account" for her children aged 18 to 28, so that they can all enjoy their HSBC Premier Banking benefits and can go to school Open overseas accounts in Hong Kong for free before (the final successful account opening must be approved by the local bank). In this way, children can enjoy global financial support even if they are locally or overseas, which will greatly help their future development and make it easier for different parts of the world to seize opportunities.
Another advantage of pre-opening an overseas account is that it allows children to receive an ATM card before departure, and they can use the overseas account immediately when they arrive in another place, which not only greatly facilitates the children to pay the fees that need to be paid in advance, such as book fees , Living expenses, etc., you don’t need to carry a lot of cash when you get on the machine, you can withdraw money from the local teller machine when you arrive, simple and safe. In addition, Kelly has a tip. As long as HSBC accounts are used in both Hong Kong and overseas, overseas transfers are more convenient and fast. You can instantly send money to overseas HSBC accounts through Internet banking or mobile banking applications ( Either the first party or the third party), HSBC Premier customers can even waive the handling fee! In this way, if a child needs additional funds in an emergency, the parents can immediately transfer the money overseas, and the child can immediately withdraw money to the teller machine through the ATM card.
Mrs. Li and her husband plan to let the young girl go to the UK to study in the near future. After an incident, Mrs. Li has already arranged a bank account and an ATM card for her. When the young girl arrives, the local bank account will be available for use. , And Mrs. Li can also transfer money around the world for free through the app at any time to ensure that the two women have enough cash overseas, so they can naturally rest assured.
In addition to visiting the International Banking Department in person, HSBC also has an online channel for opening overseas accounts to provide more comprehensive digital banking services to meet customer needs. For details, please contact HSBC.
Parents who are interested in opening an HSBC Premier account, new HSBC customers can now complete the account opening procedure within 10 minutes through the HSBC Mobile Banking app, and existing customers can also upgrade through HSBC Internet Banking without going to branches, saving time Besides, you can quickly enjoy the advantages brought by the excellent financial management account.
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