HSBC Global Money Account (Non Sterling Transactions)

SteveP29

Hi all,

I'm an HSBC bank account/ credit card holder

Last year when I went abroad, we were too late to renew our pre paid currency credit card which we'd used successfully abroad a few years previously, so I ended up paying for almost everything via my credit card.
I also have a subscription for an app on my phone that is US based.

In both instances, as well as the actual transaction I am charged a non sterling transaction fee.

As I will be heading abroad again next month and in February next year, I was wondering if the HSBC GMA will be something I could utilise or whether I should go and renew the pre paid credit card.
I have read the T&C and it does say no HSBC fees when I use an HSBC GMA debit card abroad, does this also include the non sterling transaction fee or will I still be charged for that?

Thanks for any responses in advance.

PloughmansLunch

No fees whatsoever and I've found it works flawlessly while abroad - if you have £GBP in the Global Money Account it will automatically convert to the local currency at a pretty decent rate (albeit it uses a fairly rubbish generic exchange rate between Friday night - Monday morning while the financial markets are closed), or you can convert £GBP to the required currency at your leisure beforehand whenever you think the exchange rate is in your favour.

SteveP29

PloughmansLunch said:

No fees whatsoever and I've found it works flawlessly while abroad - if you have £GBP in the Global Money Account it will automatically convert to the local currency at a pretty decent rate (albeit it uses a fairly rubbish generic exchange rate between Friday night - Monday morning while the financial markets are closed), or you can convert £GBP to the required currency at your leisure beforehand whenever you think the exchange rate is in your favour.

Thank you for that, it too less than 20 seconds to apply, be approved and order a physical card.
Added to my Google Wallet seamlessly too.