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HSBC launches global personal banking services.

HSBC launches global personal banking services through which its Premier category customers will be in a position to take their account with them to any of the 35 countries, while on travel or on shifting permanently.

Apnaloan.com Research Bureau

19 Oct 2007

HSBC India on Thursday launched its global personal banking service, through which its Premier category customers will be in a position to take their account with them to any of the 35 countries, while on travel or on shifting permanently.

HSBC Premier Customers are defined as those having an aggregate engagement of Rs 25 lakh with the bank. The bank is targeting the mass affluent and internationally mobile customers, which it estimated at 1.4 million in India and non-resident Indians of over 22 million.

HSBC, with its largest footprint in the world and robust technology backbone, will be in a position to offer first-of-its-kind of services to its premier customers seamlessly. This will help moving professionals and travellers alike in managing their finances while on the move.

The facility offers seamless cross-border banking facilities, including taking their bank account, credit history and banking relationships virtually with them. The customers under the category can avail the same facilities in all the 35 countries, which will be expanded in due course. Credit card and wealth management services are part of the services on offer.