With a history in Australia dating back to 1965, HSBC Bank Australia is the local outpost of one of the world’s best known international banking entities, HSBC Group.
HSBC Finance Company began operations in 1965 with a banking license issued in 1986 to the HSBC Bank Australia.
The HSBC Group has its headquarters in London and has a network across 88 countries with 35 branches and offices in Australia. Click here for a list of HSBC branches in Australia.
HSBC in Australia offer a wide range of both personal financial services and financial products.
Financial products include:
- Savings Accounts
- – HSBC Online Savings Account
- – HSBC Serious Saver
- Home Loans
- Credit Cards
- Personal Loans
- Insurance Products
- – general insurance
- – life insurance
Personal financial services include:
- Financial Planning
- Premier banking
HSBC Premier banking
The major point of difference between HSBC and other Australian banks is it’s very large international banking network. Leveraging off this network of branches in 88 countries is its Premier banking service which it claims provides seamless cross border banking services.
HSBC claim that you can take your accounts and financial history from one country to the next with minimal fuss.
Given 40% of Australians’ were born overseas and the large influx of foreign students seeking education this could be an advantage not available to ordinary Australian banks.
HSBC gain widespread exposure by sponsoring the News South Wales Rugby Union team the HSBC Waratahs and in Victoria the Australian Football League’s Hawthorn Hawthorn Football Club. They also sponsor the ski resort Hotham.
Government Bank Deposit Guarantee
HSBC Bank Australia is eligible for the Australian Government’s guarantee.