hsbc bank account available for non-us citizens

Is there anybody knows HSBC bank accept people who living in Hong Kong to open a bank account? i have found they have a access point in Hong Kong.

 

Hello, I am living in Hong Kong, I just called the e-trade Hong Kong hotline, they told me I can't withdraw or bank wire transfer the money in the brokerage account online to my Hong Kong local bank, I need to call them to ask them transfer the money back to Hong Kong, is it true? if so, that mean I need to call them every time I want withdraw the money...

(1)what method you used to transfer/withdraw the money to your local bank account?

(2) how much they charge you when you transfer/withdraw the money back to you local bank account?

(3) when withdrawing/transfering money to local bank account, is that it can be withdraw/transfer in USD, that arrive my local bank account in USD? or it must be convert to your country currency first at your account, and then start withdrawing/transfering process?


(4) for the brokerage account, it allow withdraw the paypal money to the account, is that mean it working like checking account, that local US resident could transfer/deposit the money into the account without any charge? so that I could receive payment by giving the brokerage account number to my client...

 

hello xoom is available in your country.if you have verified paypal account then you can transfer the paypal money directly to your bank account using xoom.You will be charged $8 per transaction.

 

I assume you are answering my question, yes the xoom is available to my country, but is more expensive than withdraw from paypal to Hong Kong bank account...

actually, withdraw the money directly from paypal to my Hong Kong bank account is working, but if doing so, the paypal only allow withdraw it in HKD, that mean I need convert the funds to HKD first in the paypal account, then withdraw it,
and because the currency rate provided by the paypal is arround 2.5% less then currency rate provided by Hong Kong HSBC bank,

so I want to withdraw money from paypal to US bank account, and then wire the funds to my Hong Kong HSBC bank ccount, then I could keep the USD in my bank account, or just convert it HKD with the higher Currency rate provided by HSBC at any time...

 

xoom transaction is more expensive.i don't believe it.They charge same for everyone.If you want to transfer money to US HSBC Bank account then you can't because i already inquired about this. They will allow youi to open bank account but they don't allow you to transfer paypal money to your US bank account. And one have to invest $2500-$3000 in order to open account.

 

for the paypal, I withdraw it to HK bank account for free, but the currency rate between USD and HKD provided by paypal is arround 7.60,

if withdraw by xoom to HK bank account, they charge the transaction fee, and the currency rate provided by xoom is 7.59...

and the currency rate provided by HK HSBC is 7.8..

 

I live in Pakistan. So I want to get U.S account. Will I be able to get Hsbc Account. what you think, I want to get paypal but I can not get paypal as Pakistani.

 

they charge me $8 for each transaction and they charging $7 .You are better than me.Instead of spending $2500 for opening bank account its better to spend $8 for each transaction na.When you need you can make transaction.so in that you are saving lot of money.

 

if you need debit card just to varify the PP account use any VCC . dont run here and there for US account

 

yes sanneepre is right because vcc even provide expuse no.

 

Let me know the current status of the thread. i wont mind to take a HSBC bank account ( for non us citizens) if they provide ATM and some special service like etrade does.

 

Many ebooks about this subject I guess ?

 

Which subject?

 

hi,

I read all the posts in this thread...

the reason I started looking for ways to opening a US bank account is for PayPal usage, but also to be able to cash in ClickBank Cheques, since it can take like 10 weeks to do that with my local bank, waiting for the cheque to clear through the US clearing system.

I'm from Romania, so for me, the local branch of E*TRADE is in the UK. I already sent the aplication forms by mail and talked on the phone with somebody from the customer support service. He told me I can't use the brokerage account for clearing cheques or transfering funds from PayPal. He also mentioned that there is a confussion on this subject and many have called their customer support service about this, especially from eastern Europe... So I guess I'll wait and see what happens... But I'm also considering to open a HSBC bank account. I'll keep you all in touch...

 

how do are open account in hsbc bank

 

well I'm not sure about the procedures to open a HSBC Bank account but they must have almost the same as E*TRADE... you have to ask them..

Don't be afraind... send them a email... if their customer support is good, they will reply you A.S.A.P.

see ya..

 

New info on E*TRADE...


they sent me a email and clarified that I had to send them a certified copy of my passport (odd... they never told me so on the phone, when I talked to them... they just asked for a copy..) anyway i sent them the certified copy and it should arrive by Friday, this week..

after that I will be rolling... just have to send $1000 by WT and I get my visa card... )

keep you updated...

 

Did you get you HSBC account opened .. please tell

 

now no need to open bank account in united states because paypal have introduced new feature i.e., now every body can withdraw money to their bank account directly from paypal.

 

Well, I once contacted the HSBC support staff and they said that the US bank account will not be able to accept Paypal fund. Anybody here really use HSBC US to link to their paypal? I heard also in order to open an account, you'll need quite a huge sum of money as well.