Best way to open a Foreign Bank Account from India

[hvninhll]

I see a lot of people asking about this in the forums, but, I was unable to post this anywhere else due to not getting the requisite amount of member points to do so.

Anyhow, here is the best way to open a Foreign Bank Account from India without traveling.

1. Get a Premier Banking Relationship with HSBC in India (via Salary > 3LPM or Home Loan above 2cr)

HSBC has a feature wherein if you are premier in one country, you are auto-eligible for premier across all countries that they operate in.

2. Leverage this Premier Banking Relationship to open a foreign bank account while staying in India by contacting your RM and asking to be put in touch with International Banking Centre for a Foreign Bank Account opening. (Slow)

3. Alternatively, go to the website of your preferred country's HSBC Banks website and apply for an account opening and mention that you are already a premier customer in another jurisdiction. (Faster)

P.S. The process will take around 2-3 weeks but you would get a proper bank account vis-a-vis the accounts that you get through neoBanks.
I have used this method successfully for Singapore. And mostly these accounts would be zero balance and without any charges due to Premier Status.

 

[rohitb]

I like point 1 . Basically get rich 😜

 

[kowsikbabu]

Thank you for sharing this, I hope someone else updates similarly for other banks and hopefully some banks that will let you open an foreign account with lesser NRV.

 

[percolate]

Hi, is there a generic email id for International Banking Centre? if yes, can you DM me the email id?

 

[hvninhll]

Hi, is there a generic email id for International Banking Centre? if yes, can you DM me the email id?

It is icoindia@hsbc.co.in

But, it's better to do via RM, or if you are in Bangalore, speak to Jayanagar Branch Head who is very friendly and approachable.

 

[mojo_jojo123]

does hsbc premier account gets downgraded if salary credit is < 3L pm

 

[hvninhll]

I am not sure, they say it you will get notice after 6 months, and thereafter, it will get downgraded.

 

[Aquarius]

Anyone able to open foreign bank account using hsbc premier

 

[percolate]

Anyone able to open foreign bank account using hsbc premier

yes, I was able to open

 

[mojo_jojo123]

yes, I was able to open

what is the use of foriegn bank acc ?