{"id":29462,"date":"2025-08-12T15:44:53","date_gmt":"2025-08-12T07:44:53","guid":{"rendered":"https:\/\/www.you.co\/sg\/?p=29462"},"modified":"2026-04-28T15:39:55","modified_gmt":"2026-04-28T07:39:55","slug":"hsbc-everyday-global-multi-currency-account-guide","status":"publish","type":"post","link":"https:\/\/www.you.co\/sg\/blog\/hsbc-everyday-global-multi-currency-account-guide\/","title":{"rendered":"HSBC Everyday Global Account (HSBC EGA) Singapore Guide 2025"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Looking for a comprehensive guide to the HSBC Everyday Global Multi-Currency Account?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Here\u2019s everything you need to know about the&nbsp;HSBC EGA, including its&nbsp;fees, rates, benefits, and cashback \u2014 plus how it compares to other multi-currency solutions like YouTrip.<\/p>\n\n\n\n<p>In today\u2019s connected world, managing multiple currencies in one place can save you time and money. Whether you\u2019re sending or receiving money overseas, paying for online purchases, or getting paid for freelance gigs, a multi-currency account like the&nbsp;<strong>HSBC Everyday Global Account (HSBC EGA)<\/strong>&nbsp;helps you avoid hidden fees, poor exchange rates, and the hassle of juggling different bank accounts.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>\ud83d\udc9c <strong>Stay Up To Date:<\/strong><br>\u2013&nbsp;<a href=\"https:\/\/www.you.co\/sg\/blog\/from-sgd-to-twd\/\">SGD To TWD: How To Get The Best Taiwan Dollar Rate<\/a><br>\u2013&nbsp;<a href=\"https:\/\/www.you.co\/sg\/blog\/cashchanger-co-vs-youtrip\/\">CashChanger.co Vs YouTrip: Where To Get The Best Exchange Rate In Singapore?<\/a><br>\u2013&nbsp;<a href=\"https:\/\/www.you.co\/sg\/blog\/from-sgd-to-myr\/\">SGD To MYR Rate Today (2025): Best Exchange Rates, Forecast &amp; Where to Change Money<\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcda&nbsp;<strong>Table of Contents: <\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"#what-is-an-hsbc-ega-account?\">What is an HSBC EGA Account?<\/a><\/li>\n\n\n\n<li><a href=\"#\">Key HSBC EGA Benefits &amp; Features<\/a><\/li>\n\n\n\n<li><a href=\"#hsbc-everyday+-rewards-cashback-interest-rates\">HSBC Everyday+ Rewards, Cashback &amp; Interest Rates<\/a><\/li>\n\n\n\n<li><a href=\"#hsbc-ega-minimum-balance-fall-below-fee\">HSBC Everyday Global Account Fees, Minimum Balance &amp; Fall Below Fee<\/a><\/li>\n\n\n\n<li><a href=\"#hsbc-ega-eligibility\">Eligibility: Who Can Open an HSBC EGA in Singapore?<\/a><\/li>\n\n\n\n<li><a href=\"#using-the-hsbc-ega\">Using the HSBC Everyday Global Account (HSBC EGA)<\/a><\/li>\n\n\n\n<li><a href=\"#hsbc-ega-vs-youtrip\">HSBC EGA vs. YouTrip: Multi-Currency Account Comparison<\/a><\/li>\n\n\n\n<li><a href=\"#hsbc-ega-review\">HSBC EGA Review: Is It Worth It?<\/a><\/li>\n\n\n\n<li><a href=\"#what-is-youtrip\">What is YouTrip?<\/a><\/li>\n<\/ol>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-an-hsbc-ega-account?\"><strong>What is an HSBC EGA Account?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"971\" height=\"613\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/12043-hsbc-mass-amanah-ega-debit-visa-card-660x378-1.jpg\" alt=\"HSBC Everyday Global Account (HSBC EGA)\" class=\"wp-image-77470\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/12043-hsbc-mass-amanah-ega-debit-visa-card-660x378-1.jpg 971w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/12043-hsbc-mass-amanah-ega-debit-visa-card-660x378-1-300x189.jpg 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/12043-hsbc-mass-amanah-ega-debit-visa-card-660x378-1-768x485.jpg 768w\" sizes=\"(max-width: 971px) 100vw, 971px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Image Credits: HSBC Malaysia<\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>An&nbsp;<strong>EGA account<\/strong>&nbsp;(Everyday Global Account) is a&nbsp;<strong>multi-currency savings account<\/strong>&nbsp;from HSBC Singapore that lets you&nbsp;<strong>hold, manage, and spend in up to 11 currencies<\/strong>&nbsp;\u2014 including SGD, USD, EUR, GBP, AUD, NZD, CHF, CAD, HKD, JPY, and CNY \u2014 all from one account.<\/p>\n\n\n\n<p>With the linked HSBC Everyday Global Debit Card, you can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spend in local currency overseas without foreign transaction fees.<\/li>\n\n\n\n<li>Withdraw cash at HSBC ATMs worldwide, fee-free (exceptions apply).<\/li>\n\n\n\n<li>Avoid exchange rate markups by converting at real-time competitive rates via the HSBC Singapore app.<\/li>\n<\/ul>\n\n\n\n<p>It\u2019s especially useful for&nbsp;frequent travellers, expats, online shoppers, and anyone who needs a flexible global banking solution.<\/p>\n\n\n\n<p><em><br>\ud83d\udc49 <em>Also read:<\/em> <a href=\"https:\/\/www.you.co\/sg\/blog\/cashchanger-co-vs-youtrip\/\"><strong>CashChanger.co Vs YouTrip: Where To Get The Best Exchange Rate In Singapore?<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"hsbc-ega-benefits-features\"><strong>Key HSBC EGA Benefits &amp; Features<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Here\u2019s what makes the&nbsp;HSBC EGA Singapore&nbsp;stand out:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Multi-Currency Wallet<\/strong>&nbsp;\u2013 Hold and transact in up to 11 major currencies.<br><\/li>\n\n\n\n<li><strong>HSBC Global Money Transfers<\/strong>&nbsp;\u2013 Send money to over 50 countries instantly and fee-free via the HSBC app, or use SWIFT to 200+ countries.<br><\/li>\n\n\n\n<li><strong>HSBC Everyday+ Rewards Programme<\/strong>&nbsp;\u2013 Earn cashback and bonus interest when you meet deposit and transaction criteria.<br><\/li>\n\n\n\n<li><strong>Fee-Free Overseas Withdrawals<\/strong>&nbsp;\u2013 Use HSBC ATMs worldwide without extra charges (some countries excluded).<br><\/li>\n\n\n\n<li><strong>Competitive FX Rates<\/strong>&nbsp;\u2013 Convert currencies at real-time, bank-determined rates in-app.<\/li>\n<\/ol>\n\n\n\n<p><em><br>\ud83d\udc49<\/em> <em>Find a <a href=\"https:\/\/www.you.co\/sg\/blog\/best-place-to-exchange-money-in-singapore\/\"><strong>Money Changer Near Me: 14 Best Money Changers In Singapore (2025)<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"hsbc-everyday+-rewards-cashback-interest-rates\"><strong>HSBC Everyday+ Rewards, Cashback &amp; Interest Rates<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The&nbsp;<strong>HSBC Everyday Global Account (EGA)<\/strong>&nbsp;offers both interest and cashback perks through its&nbsp;<strong>Everyday+ Rewards Programme<\/strong>&nbsp;and seasonal promotions.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udc49 <strong>Base Interest Rate<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earn&nbsp;<strong>0.05% p.a.<\/strong>&nbsp;on your account balance by default.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udc49 <strong>Everyday+ Rewards Bonus Interest<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earn an&nbsp;<strong>additional 1% p.a.<\/strong>&nbsp;on your&nbsp;<strong>incremental SGD average daily balance<\/strong>&nbsp;when you:\n<ul class=\"wp-block-list\">\n<li>Deposit at least&nbsp;<strong>S$2,000 in fresh funds<\/strong>&nbsp;monthly, and<\/li>\n\n\n\n<li>Make&nbsp;<strong>at least 5 eligible transactions<\/strong>&nbsp;(HSBC Visa Debit Card spend or GIRO bill payments).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Bonus interest is typically capped (e.g.&nbsp;<strong>S$150\/month<\/strong>&nbsp;for personal banking customers).<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udc49 <strong>Cashback Perks<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Unlock&nbsp;<strong>1% cashback<\/strong>&nbsp;on:\n<ul class=\"wp-block-list\">\n<li>Eligible HSBC Visa Debit Card purchases<\/li>\n\n\n\n<li>Eligible GIRO bill payments<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Cashback cap:&nbsp;<strong>S$300 per calendar month<\/strong>&nbsp;for personal banking customers.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Promotional Interest Rates<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>HSBC often runs limited-time promotions with&nbsp;<strong>higher interest rates<\/strong>&nbsp;(sometimes up to 3.50% p.a.) \u2014 especially for fresh deposits.<\/li>\n\n\n\n<li>Promotions may include&nbsp;<strong>extra perks for specific customer groups<\/strong>&nbsp;or wealth tiers.<\/li>\n\n\n\n<li>Always check the&nbsp;HSBC Singapore website&nbsp;for the latest terms, rates, and eligibility criteria.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\ud83d\udca1&nbsp;<strong>Tip:<\/strong>&nbsp;To maximise your returns, aim to hit both the&nbsp;<strong>deposit + transaction criteria<\/strong>&nbsp;every month so you can stack&nbsp;<strong>bonus interest<\/strong>&nbsp;with&nbsp;<strong>cashback<\/strong>.<\/p>\n<\/blockquote>\n\n\n\n<p><em><br>\ud83d\udc49 <em>Explore more:<\/em> <a href=\"https:\/\/www.you.co\/sg\/blog\/best-miles-credit-cards-in-singapore\/\"><strong>Best Miles Credit Card in Singapore (2025)<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"hsbc-ega-minimum-balance-fall-below-fee\"><strong>HSBC Everyday Global Account Fees, Minimum Balance &amp; Fall Below Fee<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>HSBC Everyday Global Account Minimum Balance<\/strong>: Maintain&nbsp;a S$2,000 average daily balance.<br><\/li>\n\n\n\n<li><strong>HSBC Everyday Global Account Fall Below Fee<\/strong>: S$5 fee if your balance dips below the minimum.<br><\/li>\n\n\n\n<li><strong>Monthly Fee<\/strong>: None, if you meet the minimum balance requirement.<br><\/li>\n\n\n\n<li><strong>Initial Deposit<\/strong>: S$100 minimum to open the account.<br><\/li>\n\n\n\n<li><strong>Early Closure Fee<\/strong>: S$50 fee if you close your account within 6 months.<\/li>\n<\/ul>\n\n\n\n<p><em><br>\ud83d\udc49 <em>Money matters:&nbsp;<\/em><a href=\"https:\/\/www.you.co\/sg\/blog\/trust-card-vs-youtrip\/\"><strong>Trust Card Vs YouTrip<\/strong><\/a>: Which Is The Better Card For Overseas Spending?<\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"hsbc-ega-eligibility\"><strong>Eligibility: Who Can Open an HSBC EGA in Singapore?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Singapore Citizens and Permanent Residents<\/li>\n\n\n\n<li>Foreigners with a valid Employment Pass or relevant visa<\/li>\n\n\n\n<li>At least 18 years old\n<ul class=\"wp-block-list\">\n<li>Individuals aged 12 to 17 are eligible for a joint account with a parent or legal guardian. <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Applications can be completed online using&nbsp;<strong>SingPass MyInfo<\/strong>&nbsp;for faster approval. Foreigners or those who don&#8217;t have MyInfo can apply using HSBC EasyID.<\/p>\n\n\n\n<p><em><br>\ud83d\udc49 <em>Also read:<\/em> <a href=\"https:\/\/www.you.co\/sg\/blog\/dbs-mca-guide\/\"><strong>DBS Multi-Currency Account (MCA) Guide 2025: Features, Exchange Rates, Fees<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"using-the-hsbc-ega\"><strong>Using the HSBC Everyday Global Account (HSBC EGA)<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Travel<\/strong>: Load the currency you need before your trip and spend it in local currency abroad.<br><\/li>\n\n\n\n<li><strong>Online Shopping<\/strong>: Pay in stored foreign currencies to avoid conversion fees.<br><\/li>\n\n\n\n<li><strong>ATM Withdrawals<\/strong>: Withdraw cash worldwide at HSBC ATMs without fees (except in some countries).<br><\/li>\n\n\n\n<li><strong>Contactless Payments<\/strong>: Use your Visa Debit Card with Apple Pay or Google Pay.<br><\/li>\n\n\n\n<li><strong>International Transfers<\/strong>: Send money to over 200 countries via SWIFT.<\/li>\n<\/ul>\n\n\n\n<p><em><em><br>\ud83d\udc49 <em>Related:<\/em> <a href=\"https:\/\/www.you.co\/sg\/blog\/best-multi-currency-cards-singapore\/\"><strong>Best Multi-Currency Cards In Singapore (2025): A Full Comparison Guide<\/strong><\/a><\/em><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"hsbc-ega-vs-youtrip\"><strong>HSBC EGA vs. YouTrip: Multi-Currency Account Comparison<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Here&#8217;s how the HSBC Everyday Global Account compares to another multi-currency option like <a href=\"https:\/\/www.you.co\/sg\/blog\/everything-you-need-to-know-about-youtrip\/\" data-type=\"post\" data-id=\"889\">YouTrip<\/a>.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Multi-Currency Accounts<\/strong><\/th><th><strong>YouTrip<\/strong><\/th><th><strong>HSBC EGA<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Multi-Currency Card<\/strong><\/td><td>YouTrip Mastercard<\/td><td>HSBC Everyday Global Debit Card<\/td><\/tr><tr><td><strong>Currencies Available<\/strong><\/td><td>Over 150+ countries<br><br>12 wallet currencies <\/td><td>11 wallet currencies <\/td><\/tr><tr><td><strong>Exchange Rates<\/strong><\/td><td><a rel=\"noreferrer noopener\" href=\"https:\/\/www.you.co\/sg\/blog\/what-are-wholesale-exchange-rates-how-to-use\/\" target=\"_blank\">Wholesale Exchange Rates<\/a><\/td><td>Determined by Bank<\/td><\/tr><tr><td><strong>Annual Fees<\/strong><\/td><td>None<\/td><td>None<\/td><\/tr><tr><td><strong>Foreign Transaction Fees<\/strong><\/td><td>No FX fees for all currencies.<\/td><td>No foreign transaction fees when sufficient foreign currency is available in your EGA.<br><br>\u2757\ufe0f 1.5% FX fee applies to all other currencies not available in your EGA.<\/td><\/tr><tr><td><strong>Initial Deposit <\/strong><\/td><td>No initial deposit required <\/td><td>S$100<\/td><\/tr><tr><td><strong>Monthly Account Fees <\/strong><\/td><td>None<\/td><td>None (min. balance applies)<\/td><\/tr><tr><td><strong>Overseas ATM Withdrawal Fee<\/strong><\/td><td>*Free S$400 monthly with a 2% fee thereafter<\/td><td>Free at HSBC ATMs only (exceptions apply).<br><br>\u2757\ufe0f An S$8 fee will apply when withdrawing from non-HSBC ATMs overseas.<\/td><\/tr><tr><td><strong>Fall Below Fee<\/strong><\/td><td>None<\/td><td>S$5 fall-below monthly fee if the average daily balance falls below S$2,000<\/td><\/tr><tr><td><strong>Early Closure Fee<\/strong><\/td><td>None<\/td><td>S$50 fee for early account closure within 6 months<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em><br>\ud83d\udc49 <em>Learn more:<\/em> <a href=\"https:\/\/www.you.co\/sg\/blog\/youtrip-exchange-rates\/\"><strong>YouTrip Exchange Rates: Everything You Need to Know<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"hsbc-ega-review\"><strong>HSBC EGA Review: Is It Worth It?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros<\/strong><\/h3>\n\n\n\n<p><br>\u2705 Manage&nbsp;<strong>11 currencies<\/strong>&nbsp;in one account<br>\u2705 Earn cashback via the&nbsp;<strong>Everyday+ Rewards Programme<\/strong><br>\u2705 Fee-free HSBC ATM withdrawals overseas<br>\u2705 Good for frequent cross-border shoppers and online purchases<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons<\/strong><\/h3>\n\n\n\n<p><br>\u26a0 Must maintain&nbsp;<strong>S$2,000<\/strong>&nbsp;average daily balance to avoid fees<br>\u26a0 Bonus rewards require meeting deposit + transaction criteria<br>\u26a0 Not the most competitive option for casual travellers who don\u2019t maintain high balances<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Verdict:<\/strong><\/h3>\n\n\n\n<p><br>The&nbsp;<strong>HSBC Everyday Global Account<\/strong>&nbsp;is a strong choice if you need a multi-currency account tied to a traditional bank, enjoy ATM fee waivers, and can consistently meet the balance requirement.<\/p>\n\n\n\n<p>However, if your main priority is&nbsp;<strong>cost-effective foreign spending while travelling<\/strong>,&nbsp;<strong>YouTrip<\/strong>&nbsp;can be a better alternative. It offers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No minimum balance requirement<\/li>\n\n\n\n<li>Competitive wholesale exchange rates&nbsp;for over 150+ currencies<\/li>\n\n\n\n<li>12 wallet currencies <\/li>\n\n\n\n<li>Zero foreign transaction fees<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\ud83d\udc49 For frequent travellers who want maximum flexibility without worrying about bank account conditions, YouTrip is often the more straightforward and cheaper option.<\/p>\n<\/blockquote>\n\n\n\n<p><em><br>\ud83d\udc49Thinking of making the switch from SGD To Yen? <strong><a href=\"https:\/\/www.you.co\/sg\/blog\/from-sgd-to-yen\/\">Find out how to Capitalise On The Japanese Yen Right Now.<\/a> <\/strong><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-youtrip\"><strong>What is YouTrip?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"900\" height=\"471\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2021\/07\/01.png\" alt=\"HSBC Everyday Global Account (HSBC EGA) - What is YouTrip?\" class=\"wp-image-69363\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2021\/07\/01.png 900w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2021\/07\/01-300x157.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2021\/07\/01-768x402.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>YouTrip<\/strong> is <a href=\"https:\/\/www.you.co\/sg\/blog\/everything-you-need-to-know-about-youtrip\/\" target=\"_blank\" rel=\"noreferrer noopener\">Singapore\u2019s first multi-currency wallet<\/a>, which offers similar benefits to other multi-currency accounts offered by traditional banks, but with <strong>no minimum account balances or fees<\/strong>. It provides:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Real-time wholesale exchange rates on 12 popular currencies<\/strong> (SGD, JPY, MYR, THB, HKD, AUD, NZD, SGD, EUR, GBP, CHF, SEK), and allows easy in-app currency exchanges.<br><\/li>\n\n\n\n<li>Usage in <strong>over 150+ countries <\/strong>for international purchases.  <br><\/li>\n\n\n\n<li><strong>Zero transaction fees and exchange rate markups. <\/strong><br><\/li>\n\n\n\n<li><strong>Up to S$400 in free overseas ATM withdrawals<\/strong>. *A 2% fee applies thereafter.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"how-to-use-youtrip-overseas\"><strong>How to use YouTrip Overseas? <\/strong><\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>1\ufe0f\u20e3 Top up your YouTrip wallet in SGD using PayNow, a linked bank account, or credit\/debit card.<\/p>\n\n\n\n<p>2\ufe0f\u20e3 Lock in foreign exchange rates in the app before your trip for 12 popular currencies<\/p>\n\n\n\n<p>3\ufe0f\u20e3 Use the YouTrip Mastercard overseas for shopping, dining, and transport \u2014 it\u2019ll automatically deduct from the right currency wallet or auto-convert SGD at wholesale rates.<\/p>\n\n\n\n<p>4\ufe0f\u20e3 Withdraw cash overseas (free up to S$400\/month*).<\/p>\n\n\n\n<p>5\ufe0f\u20e3 Avoid DCC by always choosing to pay in the local currency.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"who-is-eligible-for-a-youtrip-account\"><strong><strong>Who is eligible for a YouTrip account?<\/strong><\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>YouTrip is available to: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Singapore citizens, permanent residents, and foreigners.<br><\/li>\n\n\n\n<li><strong>At least 15 years old<\/strong>&nbsp;who holds a valid NRIC, FIN, or long-term pass issued by the Singapore government.<br><\/li>\n\n\n\n<li>Has a Singapore-registered mobile number and a valid email address to sign up.<\/li>\n<\/ul>\n\n\n\n<p>Sign up via SingPass MyInfo for faster approval. Sign up takes <strong>3 minutes <\/strong>and your YouTrip card will be delivered to your registered address within <strong>5-7 business days<\/strong>.<\/p>\n\n\n\n<p><em><em><br>\ud83d\udc49 <em>Money matters:<\/em><\/em> <strong><a href=\"https:\/\/www.you.co\/sg\/blog\/best-singapore-credit-card\/\">Best Singapore Credit Card: Miles, Cashback &amp; Travel Compared<\/a><\/strong><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FAQ: HSBC Everyday Global Account <\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Q: What is an EGA account?<\/strong><br><strong>A: <\/strong>A multi-currency account from HSBC that holds 11 currencies, offers fee-free overseas spending, and cashback via the Everyday+ Rewards Programme.<\/p>\n\n\n\n<p><strong>Q: Who is eligible for HSBC Everyday Global Account?<\/strong><br><strong>A: <\/strong>Singapore Citizens, PRs, and eligible foreigners aged 18+.<\/p>\n\n\n\n<p><strong>Q: Is there a monthly fee for HSBC Everyday Global Account?<\/strong><br><strong>A: <\/strong>No, as long as you maintain an average daily balance of S$2,000.<\/p>\n\n\n\n<p><strong>Q: What is the HSBC EGA fall below fee?<\/strong><br><strong>A: <\/strong>S$5 if your balance falls below S$2,000 in a given month.<\/p>\n\n\n\n<p><strong>Q: What is the HSBC Everyday Global Account interest rate?<\/strong><br><strong>A: <\/strong>Base rates are low, but bonus interest is available via promotions.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Get the best rates all day at zero fees with YouTrip!<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"900\" height=\"471\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/06\/ss-image.png\" alt=\"HSBC Everyday Global Account (HSBC EGA)\" class=\"wp-image-56849\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/06\/ss-image.png 900w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/06\/ss-image-300x157.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/06\/ss-image-768x402.png 768w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/06\/ss-image-600x314.png 600w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>With YouTrip, you can make in-app currency exchanges on 12 popular currencies anytime at <a href=\"https:\/\/www.you.co\/sg\/blog\/what-are-wholesale-exchange-rates-how-to-use\/\" target=\"_blank\" rel=\"noreferrer noopener\">the best, real-time Wholesale Exchange Rates<\/a>. So whether you\u2019re travelling or<a href=\"https:\/\/www.you.co\/sg\/blog\/ultimate-overseas-online-shopping-compilation-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\"> shopping on international online sites<\/a>, you can pay with your YouTrip card in practically any currency, anywhere, <strong>and<\/strong> at the best rates. <\/p>\n\n\n\n<p>Not a YouTrooper yet? Singapore\u2019s go-to multi-currency wallet helps you save with great FX rates and zero fees. Skip the money changer and get a&nbsp;<strong>free YouTrip card + S$5 YouTrip credits<\/strong>&nbsp;with code&nbsp;<strong>&lt;YTBLOG5&gt;<\/strong>.<\/p>\n\n\n\n<p>Then, head over to our<a href=\"https:\/\/www.you.co\/sg\/youtrip-perks\/\">&nbsp;YouTrip Perks<\/a>&nbsp;page for exclusive offers and promotions \u2014 we promise you won\u2019t regret it. Join our Telegram (<a href=\"https:\/\/t.me\/s\/youtripsg\">@YouTripSG<\/a>) and Community Group (@YouTripSquad) for travel tips, event invites, and more!<\/p>\n\n\n\n<p>Happy travels!<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-white-color has-text-color has-background wp-element-button\" href=\"https:\/\/youtrip.onelink.me\/P5AL\/ohkz600g?utm_source=youtrip_blog&amp;utm_medium=article&amp;utm_campaign=youtrip_app_download&amp;utm_term=&amp;utm_content=\" style=\"background-color:#6d37ac\"><strong>sign up now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Related articles<\/strong>:<\/p>\n\n\n\n<p><a href=\"https:\/\/www.you.co\/sg\/blog\/youtrip-vs-revolut-singapore-comparison\/\"><strong>Revolut Vs YouTrip Singapore Comparison<\/strong><\/a><br><strong><a href=\"https:\/\/www.you.co\/sg\/blog\/ichange-vs-youtrip-comparison\/\">iChange Vs YouTrip Comparison<\/a><\/strong><br><a href=\"https:\/\/www.you.co\/sg\/blog\/youtrip-vs-wise-card-singapore-comparison\/\"><strong>YouTrip Vs Wise Card Comparison Guide<\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.you.co\/sg?utm_source=youtrip_blog&amp;utm_medium=banner&amp;utm_campaign=blog_footer&amp;utm_term=&amp;utm_content=\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"160\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/08\/Blog-Bottom-Banner-1.png\" alt=\"\" class=\"wp-image-59000\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/08\/Blog-Bottom-Banner-1.png 728w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/08\/Blog-Bottom-Banner-1-300x66.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/08\/Blog-Bottom-Banner-1-600x132.png 600w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.you.co\/biz\/?utm_source=youtrip&amp;utm_medium=banner&amp;utm_campaign=blog-footer&amp;utm_content=youbiz&amp;acq=BM&amp;sub_acq=BlogFooter&amp;ad_type=Article_Awa\"><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"90\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2022\/11\/YB-Footer-1-23.png\" alt=\"\" class=\"wp-image-44716\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2022\/11\/YB-Footer-1-23.png 728w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2022\/11\/YB-Footer-1-23-300x37.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2022\/11\/YB-Footer-1-23-600x74.png 600w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><\/a><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everything you need to know \ud83d\udcda<\/p>\n","protected":false},"author":75,"featured_media":29464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[621],"tags":[40370,40369,40371],"class_list":["post-29462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-foreign-exchange","tag-hsbc","tag-hsbc-ega","tag-hsbc-everyday-global-account"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts\/29462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/comments?post=29462"}],"version-history":[{"count":1,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts\/29462\/revisions"}],"predecessor-version":[{"id":86310,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts\/29462\/revisions\/86310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/media\/29464"}],"wp:attachment":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/media?parent=29462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/categories?post=29462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/tags?post=29462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}