Education planning and support

If education is a priority for you and your family, we'll help you to secure the best opportunities for your children.

Where should I start?

Every year, students leave home to study abroad in countries such as Australia, the United Kingdom, United States, Malaysia and India. Parents can find the process quite overwhelming which is why HSBC Premier is here to help you.

Our offerings at a glance

  • Free overseas account opening before the student travels
  • Free International transfers through Global view/Global transfer (GV/GT)
  • Fee waivers and preferential exchange rates on Telegraphic transfers
  • Priority consultancy services through Overseas consultants
  • Discounts on travel purchases/extra baggage for students
  • Local knowledge on overseas markets
  • Emergency cash encashment services
  • Overseas appointment booking services

How to plan for a study abroad experience

How HSBC Premier can help?

Planning and preparing for your child's overseas education can be quite a stressful task. There is, after all, quite a lot to do. Together with our education partners, we can guide you through the process.

Getting ready 

With HSBC Premier's support, getting your children ready for study overseas has never been this easy. Our services include:

  • Free pre-departure Overseas Account Opening for students.
  • Setting up your local HSBC Premier bank account
  • Providing you with contact details of your HSBC Premier Relationship Manager in your destination country, so you know who to call if you have a problem
  • Access to a hassle-free loan secured by your existing HSBC relationship balances. With this instant credit facility, you can fund your child's education without giving up the income you can earn on your current deposits and investments
  • Availability of HSBC Premier Junior Savings Account which will help to build savings balances.

Credit Cards and privileges

As an HSBC Premier customer, you can also apply for a supplementary HSBC Premier Mastercard® credit card3 for your children to give them the same level of privileges and emergency support as you enjoy from an age of 16.

Managing your finances overseas 

HSBC Premier is relationship banking without boundaries, designed to give you recognition and benefits whether at home or abroad:

  • View all your accounts locally and overseas online using our Global View function available on HSBC Premier online banking
  • Fee-free online money transfer between any of your HSBC self-named accounts via our Global Transfer function available on HSBC Premier online banking
  • Fee-free access to all Group ATMs for cash withdrawals using the Premier Debit Card/ATM Card
  • Worldwide access to over 24,000 HSBC ATM's and more than 1 million Cirrus/Plus ATM
  • Access to 24-hour internet and phone banking service

Providing emergency support 

HSBC Premier is relationship banking without boundaries, designed to give you recognition and benefits whether at home or abroad:

In the event of loss or theft, we will provide an instant emergency cash of USD2,000 (or local currency equivalent), next-day card replacement and other expert advice

Eligibility criteria

  • You qualify for HSBC Premier if you maintain a total relationship balance of LKR7.5 Million.
  • Deposit in Current/Savings/Time deposit accounts.
  • Deposit in rupees or foreign currency equivalent to rupees or a combination.
 
Or
 
  • Remit a minimum monthly salary of Rs.500,000 and build up your balance to the required Rs.7,500,000 within 24 months

Below balance fee

  • Total Relationship Balance is less than LKR7.5 Million: LKR3,000 per month
  • No remittance of salary of LKR500,000 - LKR3,000 per month

Apply now

Enquire online

Please complete your details for us to get in touch with you.

Contact us

Apply in branch

You can also download an application form and fill it in before coming to the branch.

Things you might want to know

Important notice

  1. Service charge for international account opening through International Bank of Commerce (IBC): 
    1. Premier customers - Free of charge
    2. Non-Premier customers - Charges apply (please refer to the Bank Tariff Guide or contact IBC staff for details)
  2. This is subject to the local age requirement for ATM card service.
  3. To apply for a supplementary card, the parents are required to be the primary cardholders of Premier MasterCard credit card and the children are required to be aged 16 or above.
  4. Overseas mortgages and overseas account opening applications will be handled and processed by overseas HSBC group entities directly and will be subject to the approval of the overseas HSBC group entities responsible for the areas in which the property is located.
  5. Subject to prevailing foreign exchange regulations in Sri Lanka.