HSBC HK / HSBC Jersey

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Yrybak08

🗣️ Active Recruit
Feb 16, 2024
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It seems they're now allowing account openings remotely for most Europeans as well as US citizens. Process is very simple. You apply on the app, they contact you within a business day and ask to upload your ID and proof of address and that's about it. Question is, since HSBC has branches in the US; would your name pop up in a systemwide search in the US systems? Fear here is not the government since money is clean but rather creditors in the event of a lawsuit in the future etc anyone knows?
 
Generally, no. Banking secrecy and data protection laws would prevent information distribution like that without‌ the account holder's consent.
 
HSBC US is only for premier.

They all follow FACTS reporting and CRS. If you‌ owe your government money, they will do all to collect it globally.

HSBC US has‍ access to your account and can see it.
 
That’s for‌ the premier account. HK gives the option to have a free current account and so‍ does HSBC UK. Jersey will charge you a monthly fee of you don’t maintain 50k.⁠ A way to avoid the fee and the 50k min balance req. is to show⁤ documentation proofing 100k+ salary
 
I checked HSBC Expat⁤ Jersey and HK (not premier) and those were the conditions. Maybe I'm not looking into⁣ the right product.
 
Thanks.

But that's UK. Do they open accounts for citizens abroad? Usually UK‌ banks are very strick when it comes to opening accounts for non-residents.

In any case,‍ I don't want to put my money in the UK. I would prefer HK or⁠ other jurisdiction. And of course, not in the UE. I will check out the HK⁤ alternative, but I'm not parking over 50k in cash in their bank without any reasonable⁣ interest. If that's the case, I'm not interested.
 
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