HSBC Expat
traditional bank
HSBC Expat is headquartered in Jersey (Channel Islands) and specifically designed for internationally mobile individuals. It offers multi-currency accounts in 19 currencies, international mortgage services, global investment products, and the ability to open accounts before relocating. Monthly fee is waived for customers maintaining a qualifying balance or salary credit. Does not accept US persons due to FATCA compliance complexity. Strong proposition for HSBC Premier customers moving internationally as account history transfers globally. FSCS protection does not apply; deposits are protected under the Jersey Banking Depositor Compensation Scheme up to GBP 50,000.
Details
- Headquarters
- Jersey
- Currencies
- 19
- Monthly Fee
- $35
- Non-Residents
- Accepted
- US Persons
- Not accepted
- Debit Card
- Available
- Business Account
- Not available
Opening Requirements
- •Minimum deposit or salary requirement (typically USD 75,000 equivalent or GBP 50,000 salary)
- •Certified government-issued photo ID
- •Certified proof of address
- •Employer letter or proof of expat status
- •Source of funds documentation
Restricted Nationalities
Not available to nationals of: united-states, north-korea, iran, cuba, syria
Nationality Acceptance Matrix
Who this provider will and will not onboard. Refusals are listed first. Sourced from the provider's own published terms and recent public onboarding reports — confirm with the provider before applying.
| Nationality | Accepted | Notes |
|---|---|---|
| us | NO | US persons declined — HSBC Expat (Jersey) will not take on US person clients due to FATCA complexity and compliance costs. |
| russia | NO | Russian nationals blocked post-2022 sanctions; HSBC Group-wide policy. |
| iran | NO | Blocked — UN/UK/EU/OFAC Iran sanctions. |
| cuba | NO | Blocked — OFAC Cuba sanctions. |
| north korea | NO | Blocked — UN/OFAC DPRK sanctions. |
| syria | NO | Blocked — UN/EU/OFAC Syria sanctions. |
| uk | YES | UK nationals are a primary target market, especially those relocating internationally. |
| eu | YES | EU nationals accepted; minimum deposit or salary threshold applies. |
| china | YES | Chinese nationals accepted with enhanced due diligence; HSBC has strong Greater China presence. |
| myanmar | YES | Accepted with enhanced due diligence; HSBC has significant Myanmar exposure historically. |
Similar Banking Options
Options matched on type and jurisdiction — not a recommendation.
Related Guides
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A neutral walk-through of the US tax obligations that follow American citizens abroad — what they are, when they bite, and how the mainstream planning around each one actually works.
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Countries with zero personal income tax, territorial-only taxation, or special expatriate regimes — and what each one actually requires from you to qualify as a resident.
Exit tax: countries that charge you to leave
Country-by-country reference of departure taxes, deemed-disposition rules, and wealth-locking regimes that trigger when tax residency ends.