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HSBC Direct Savings Account
Product Info How to Open an Account Deposit & Withdrawal Interest Rate
 
High interest rate with savings protection.

The HSBC Direct Savings Account offers you high interest rates, even for one day.
This product is eligible for the protection under the Depositor Protection Act. The Korea Deposit Insurance Corporation protects a maximum of KRW50mil including the principal and interest for each depositor at each financial institution in accordance with the Act.

  HSBC Direct
Savings Account		 Regular
Savings
Account		 CMA
(Securities Co.)		 MMDA Term
Deposit
High Interest Rate Ο   Ο Ο Ο
Capital Guaranteed Ο Ο   Ο Ο
365/24 Servicing Ο △ △  
Account opening without
visiting branches		 Ο      
Anytime fund access Ο Ο Ο Ο
No internet & phone banking fee Ο △ △  

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Eligibility All residents in South Korea. For children below 14 years old, their parents are required to do the Personal Identity Verification on their behalf.
Minimum balance None
Application period Anytime
Fund access Anytime
Interest rate Interest Rates
Interest payment
period and method		 Interests are calculated at the 28th day of each month (base date for interest calculation) and added to the total account value on the next business day. Interests are calculated from the date the first deposit is made (or previous settlement date) to the day immediately preceding the settlement or payment date and multiplied by the ending balance of each day.
How to open an HSBC
Direct Savings Account		 Visit the HSBC Direct website and complete the online registration process followed by a Personal Identity Verification from a HSBC Direct Specialist. Then log on to our website to complete the account opening process.
Service restrictions
• Phone Banking transaction service through our Direct Banking specialist will be available during weekdays from 9:00 am to 5:30 pm.
• If erroneous OTP Code, Digital Certificate Password and Internet Banking Password is keyed-in 5 times consecutively, and Phone Banking PIN and ATM card PIN is keyed-in 3 times consecutively..
• In addition, if our customer inputs an invalid ATM card PIN more than three times or insert a suspended card at HSBC ATM, the card will be retained by the ATM. If the ATM card has been retained by the ATM during non-business hours, our customer needs to visit the HSBC branch on the next business day with your ID card or passport.
• Additional account opening may be limited during special promotion periods for customers who have already opened a HSBC Direct Savings Account.
•

Services will be restricted with no record of  logon to the HSBC Direct Banking website for a period of two year (12 months) or longer.
• Interest rates are subject to adjustment based on any change of market rates and such adjustments will be published on the HSBC Direct Spots and the HSBC Direct website.
Note
• HSBC Direct does not provide a passbook. Your HSBC Direct Savings Account is not transferable and will not be pledged as collateral.
• You may assign your HSBC Direct Savings Account as a payroll account, credit card bill payment account or reimbursement account by using our Cash Management Services (CMS).
• Fee information
Applied Terms and conditions 
• General Terms and Conditions on Deposit Transactions
• Special Agreement for HSBC Direct Savings account
• General Terms and Conditions on Electronic Financial Transaction
• HSBC Direct Agreement for Electronic Financial Transactions
• HSBC Direct Terms of Service
 * This product is eligible for the protection under the Depositor Protection Act. The Korea Deposit Insurance Corporation protects a maximum of KRW50mil including the principal and interest for each depositor at each financial institution in accordance with the Act.
 


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