hsbc travel wallet

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Global Money 

Access the world with one account

Spend, send and manage your currencies in one place using the HSBC UK Mobile Banking app.

Join the many customers who are benefitting from HSBC UK's best exchange rates, and access to more than 200 countries and regions worldwide.

Spend money at home or abroad using your Global Money debit card, or simply add it to your digital wallet for spending free from HSBC fees. Non-HSBC fees may apply.

Your currency balances are protected up to £85,000 by the Financial Services Compensation Scheme.

Available exclusively via the latest version of the HSBC Mobile Banking app.

Here's what you get with a Global Money Account

Send money internationally without any HSBC or intermediary fees

• Send money abroad via the HSBC UK Mobile Banking app with a Global Money Account with no HSBC or intermediary bank fees
• Send money free from HSBC fees in more than 50 currencies to 200 countries and regions with Global Money transfers. You can also hold up to 18 currencies securely to use at any time
• Live exchange rates during market hours so you know exactly how much you're sending
• Send up to GBP50,000 per day (or currency equivalent)
• See the estimated arrival time on screen when you send a payment

More than just a travel money card

• Order your Global Money multi-currency debit card when you apply at no extra cost and add it immediately to your digital wallet. It can be used at home, abroad and online
• With your Global Money debit card, you can spend or withdraw cash with no HSBC fees. Check for other non-HSBC charges, for example when using cash machines
• Use your card abroad and spend like a local. We'll debit the payment from your currency balance if funds are available. If not, or if the transaction is in a currency you can't hold a balance in, we'll debit your GBP balance

HSBC UK's best exchange rates

• Benefit straight away from our competitive live exchange rates
• You can view these rates in the HSBC UK Mobile Banking app before you convert
• You can add or convert currency at any time, storing it until you need it. Convert on the go or when the rate is right for you
• When you're using your card abroad and have the funds in the currency balance you are spending in, there won't be a conversion
• If there aren't enough funds in the right currency balance, but you have funds in GBP and spend in one of the currencies you can hold with us, the conversion will be done using the HSBC Global Money Exchange Rate. Any other currencies will be converted using the VISA exchange rate

Before you apply

Who can apply.

You can apply for an HSBC Global Money Account if you have:

• an active HSBC UK current account (excluding Basic Bank Account, Amanah, Appointee and MyAccount)
• a valid email address that's on our records
• the HSBC UK Mobile Banking app (Global Money is only available via the app)

Find out how to add or update your email address .

You must also read the important documents.

Important documents 

• HSBC Global Money Account Terms and Conditions (PDF, 582 KB) HSBC Global Money Account Terms and Conditions (PDF, 582 KB) Download
• HSBC Global Money Account fee information document (PDF, 181 KB) HSBC Global Money Account fee information document (PDF, 181 KB) Download
• UK FSCS Information Sheet and Exclusions List (PDF, 106 KB) UK FSCS Information Sheet and Exclusions List (PDF, 106 KB) Download
• Privacy notice (PDF, 498 KB) Privacy notice (PDF, 498 KB) Download

Apply for a Global Money Account

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If you're not yet an HSBC customer with an eligible current account, find out more about our current accounts and how to apply.

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Frequently asked questions

What is an hsbc global money account .

It's a digital account you can use to hold money in different currencies. It's also an easy-to-use instant payment service that lets you manage, send and spend money in different currencies securely. It's free from HSBC fees. Non-HSBC fees may apply. If a payment is sent to your Global Money Account in a non-GBP currency it will be received, but will be converted into GBP. In the future you’ll be able to receive foreign currency into your account without it being converted to GBP.

What currencies can I hold and use with an HSBC Global Money Account? 

You can send and spend payments more than 50 currencies to 200 countries and regions. If you don't hold a balance in the currency you are spending in, simply ensure funds are available in your GBP wallet.

You can hold balances in these currencies:

• GBP - pound sterling
• USD - US dollar
• AUD - Australian dollar
• ZAR - South African rand
• PLN - Polish zloty
• CAD - Canadian dollar
• NZD - New Zealand dollar
• CHF - Swiss franc
• SEK - Swedish krona
• HKD - Hong Kong dollar
• AED - UAE dirham
• CZK - Czech koruna
• NOK - Norwegian krone
• DKK - Danish krone
• SGD - Singapore dollar
• JPY - Japanese yen
• CNY* - Chinese yuan renminbi

*Whilst you can hold a CNY balance, there are are regulatory restrictions that prevent you being able to send or spend inside or outside China. Chinese regulations only allow for payments in GBP, USD or EUR, so you will need to ensure you have funds available in these currencies.

How do I use my Global Money card? 

Simply add GBP or any supported currency to your HSBC Global Money Account. Use your debit card as you would at home. We'll debit payment from your currency balance if funds are available. If not, or if the transaction is in a currency you can't hold a balance in, we'll debit your GBP balance.

If using local currency where you don't hold a balance, this will debit your GBP balance and not any other currency balance. For example, if you use Mexican pesos this will be debited from your GBP balance and not your USD balance.

Please bear in mind spending limits may apply.

Is a Global Money debit card the same as a travel money card? 

Global Money is more than just a travel card. You can convert currency as and when you need to, even on the go. You can use your Global Money debit card like a local, at home or abroad with no HSBC fees including at cash machines. Non-HSBC fees may apply. We'll debit payments from your currency balance if funds are available. If not, or if the transaction is in a currency you can't hold a balance in, we'll debit your GBP balance.

If using local currency where you don't hold a balance, this will debit your GBP balance and not any other currency balance. For example, if you use Mexican pesos this will be debited from your GBP balance and NOT your USD balance.

Are my balances in Global Money protected? 

Yes, they're covered up to £85,000 by the Financial Services Compensation Scheme. You can find the UK FSCS Information Sheet and Exclusions List under Important documents on this page where you can, view, print and download the document.

What exchange rate will I get when I use my Global Money Account? 

The HSBC Global Money Exchange Rate is made up of the cost to HSBC and a foreign currency conversion margin that we include.

Sending money - international payments

The HSBC Global Money Exchange Rate is a live rate updated by the second during market hours. This means we can always offer our most up-to-date rate. This provides you with visibility and certainty of how much you're sending. The exchange rate will be displayed in the mobile app before you confirm your payment and will be valid for 40 seconds before refreshing. This rate is quoted to you before you complete any foreign currency transaction using Global Money.

Spending - card transactions

If you have enough funds in the currency of the transaction, no exchange rate will apply. If you don't have any or enough funds in the currency of the transaction, but have funds available in GBP, we will auto convert the funds to cover the transaction using HSBC Global Money Exchange Rate.

Is the Global Money debit card a prepaid debit card? 

No, but you can convert currency before you go, and hold it in your currency balance ready to use at any time. This can help you control your budget by choosing how much you want to spend. Alternatively, you could choose to convert currency as and when you need it.

Are there any fees for using a Global Money Account? 

You can send money internationally without any HSBC or Intermediary fees. However, other banks may charge to receive a payment.

With your Global Money debit card, you can spend or withdraw cash with no HSBC fees. Check for other non-HSBC charges, for example when using cash machines.

You might also be interested in

Using your card abroad vs travel money  , using your card outside the uk  , starting a new journey  , customer support.

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9 September 2021

HSBC Global Wallet Expands Currency Offerings and Provides New Platform Capabilities

“Receive like a local” gives HSBC Global Wallet holders the ability to easily collect foreign currency into a US account, as if having an overseas account.

(NEW YORK) – HSBC Bank USA, N.A., (HSBC), announced new offerings today for current and new Business Banking customers who buy from or sell to international companies. With HSBC Global Wallet , small and medium sized businesses can now receive, pay, hold and transfer funds between currencies in the same FDIC-insured, US based business account. HSBC Global Wallet is distinguished as the first multi-currency digital wallet accessed from a major US bank’s main business banking platform with local payment and collections capabilities.

HSBC Global Wallet has expanded its currency offerings to include Chinese Yuan, Japanese Yen, Swiss Francs and Malaysian Ringgit and will continue to add currencies over time.

Since early adopters started using HSBC Global Wallet in May 2021, the platform has supported Euros, American Dollars, UK Pound Sterling, Hong Kong Dollars, Canadian Dollars, Singapore Dollars, Australian Dollars.

Now, HSBC Global Wallet will also allow customers to both pay and receive payment in multiple foreign currencies, as well as hold and transfer currencies, all from the same business account. The ability to “receive and pay like a local” saves clients time and money, reduces fees and ensures that international payments are made simple and efficient with a single-account solution.

“This innovative solution is fully integrated with HSBC’s existing business banking platform, bringing the strength of the HSBC international network to our small and medium-sized business US customers, supporting a much more efficient expansion of their international businesses,” said Drew Douglas, Head of Liquidity & Cash Management, US and Canada.

Sending money internationally is often a complex and time-consuming process, with foreign exchange rates frequently changing and high transaction fees. Targeted at small- and medium-sized US businesses with international supply chains, HSBC Global Wallet enables payments and collections US businesses the ability to operate globally with greater confidence.

Click here to learn more about HSBC Global Wallet, including a video illustrating the wallet’s functionality. HSBC Global Wallet provides instant access to currencies from within customers’ day-to-day banking platform, allowing for greater visibility of cash flow, and is backed by the trust and security of HSBC’s global network, with more than 1.3 million business customers in 53 markets.

Media enquiries to:

Matt Kozar | 631-482-6586 | [email protected]

Notes to editors:

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through retail banking and wealth management, commercial banking, private banking, and global banking and markets segments. It operates bank branches in: California; Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. In the United States, deposit products are offered by HSBC Bank USA, N.A., Member FDIC, investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc.

HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,976bn at 30 June 2021, HSBC is one of the world’s largest banking and financial services organisations.

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HSBC Global Wallet

Could hsbc global wallet be right for your business, ready for an easier way to make cross-border payments with the award-winning hsbc global wallet, you can pay and receive ‘like a local’ as if you were in the same country as your customer or supplier., hsbc global wallet factsheet.

The Payments Awards recognise and celebrate companies which have demonstrated excellence and innovation in the payments space. 

When HSBC Global Wallet was awarded B2B Payments Innovation of the Year 2021, we were the only bank on the shortlist, alongside seven FinTech companies.

Key benefits

Pay, receive, hold and manage currencies in one place, with your everyday banking, grow and accelerate your business in new markets with confidence, all your currencies, all in one place. no hassle, no multiple accounts and logins.

Grow your business

Whether you’re paying Euros to Europe, receiving Australian Dollars from Australia, or holding Japanese Yen to pay another time, HSBC Global Wallet makes it easy to pay and get paid in the local currencies of your suppliers and customers.

Say ‘yes’ to new opportunities around the world, without needing to open a bank account in that currency or country.

Maximise your visibility and cash flow as you view, hold and manage all your currencies on a single platform, integrated with your business banking account and aligned with the way you work.

HSBC Global Wallet payments are made using trusted local payment systems, so they can be faster than other methods, often arriving the same day. And they’re less likely to be hit by unexpected fees from intermediary and beneficiary banks along the way.

An award-winning multi-currency account for flexible international transacting alongside everyday banking in our HSBCnet platform.

HSBC Global Wallet is like having a bank account in other countries and territories, and allows businesses to pay and get paid ‘like a local’.

Our customers can hold, manage, receive and pay in a range of currencies using local account information in the destination or originating currency and country. For instance, sending US dollars to the US or receiving Australian dollars from Australia.

With HSBC Global Wallet, funds are managed through local clearing, often allowing same day payments.

Our customers simply top up their chosen currency wallet accounts from their account in HSBCnet, enter payee details and they’re ready to pay like a local in the following currencies:

• Australian Dollars
• Canadian Dollars
• Chinese Yuan
• Hong Kong Dollars
• Japanese Yen
• Malaysian Ringgit
• Singapore Dollars
• Swiss Francs

More currencies are coming soon.

We also provide customers with local account information, allowing them to receive payments ‘like a local’ from customers and buyers in the following currencies:

Customers can also hold funds in HSBC Global Wallet in the following currencies:

With the ability to hold incoming payments in different currencies, customers are able to make payments later with those funds, offering more control over working capital and reducing FX costs.

With HSBC Global Wallet, businesses can get more done in one place, with a single view of currencies, integrated within their banking platform, aligned with the way they work.

No, our customers can still use Priority Payments from their current account.

We wanted to release a fantastic product as soon as possible and then enhance it rapidly. We’ve added four new currencies since launch in May and more will be offered through HSBC Global Wallet in the coming months.

Yes, you can view and authorise payments from HSBC Global Wallet on HSBCnet Mobile App, in line with your user entitlements.

Fees, eligibility criteria and T & C's apply. Local Country restrictions and limits may apply.

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HSBC Elite Credit Card

Explore your Rewards

All reward options are available to redeem online anytime, anywhere. 10

Enroll to earn 3X Points on fashion purchases

Bonus Points are available by invitation only and you must enroll. Elevate your style this Spring and earn more Points. Earn 3X Points (up to $3,000 spend) when you enroll, and use your credit card to pay at women’s, men’s and family clothing stores, shoe stores and cosmetic stores from April 01, 2024, through June 30, 2024.

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Let your 25% TAP Miles&Go bonus take you further

Transfer your HSBC Points to TAP Miles&Go between May 1 and May 31, 2024 (ET) and receive 25% Bonus Miles. TAP Miles&Go is the rewards programme for TAP Air Portugal.

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home&Away

Welcome to  home&Away , a unique program offering valuable benefits here and around the world. Enjoy a variety of offers from worldwide travel, shopping & unique experiences.

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Don’t miss out on your HSBC Sports Bonus Points offer

Earn an extra 5,000 bonus points between May 15 through June 30, 2024, when you cumulatively spend $500 or more on purchases for tickets to sporting events, sporting goods stores, private and public golf courses, athletic recreation sports and country club memberships.

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HSBC Travel Credit

Earn up   to  $400 per year for all airfare, hotels and car rentals  booked through HSBC Travel powered by Priceline®

Trusted Traveler Credit

Receive one statement credit every 54 months for the  $100 Global Entry®  application fee or up to $85.00 to cover towards your  TSA Precheck  Application fee.

Rewards for Miles

Rewards for Miles has expanded to include 11 airlines and 2 hotel partners.

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Unlimited Lounge Access

You and one guest get complimentary, unlimited access to 1,000+ airport lounges provided by LoungeKey™

Enjoy exclusive day passes to luxury resorts. Earn a $30 statement credit on your next ResortPass booking.

Booking.com

Make the most of your travel. Get up to 7% off prepaid bookings for accommodation.

Take 3 rides, get a $5 Lyft app credit every month. Also, get 10% off scheduled Lyft rides to any U.S. airport using your HSBC Elite Credit Card.

2024 Priceless Surprises

Your next purchase could be a chance to win big! From now until September 30, 2024, use your HSBC Credit Card and earn entries for each eligible purchase for a grand prize trip that suits your taste. Your HSBC Mastercard Credit Card could get you closer to your choice of one of the 14 dream destinations! Let your purchases create lasting memories for you.

Everyday Value

Get 2 months of Instacart+ and $10 off your second order each month with your HSBC Elite Credit Card.

New subscribers get $3 off Peacock Premium or $5 off Peacock Premium Plus each month when they use their HSBC Elite credit card to subscribe. Stream new movies from theaters, hit series, exclusive originals, live sports, and more.

Get 50% off your Alo Moves membership, plus 300 bonus points to Alo Access, Alo Yoga’s loyalty program.

Shop your favorite items and top deals all in one place. Plus, sign up for a complimentary ShopRunner membership to enjoy free 2-day shipping, exclusive discounts and more.

MLB® Postseason™ Sweepstakes

You could be at the ballpark to see your favorite team play in the  MLB® Postseason™  – compliments of your HSBC Premier Mastercard® Credit Card. Enter weekly until 9/29/24, and if your team makes it to the 2024  MLB® Postseason™ , you could win two (2) tickets to a home game – even the  World Series® 

Visit  baseballsweeps.mastercard.com  to enter.

Get more from your Card

Cell phone coverage 2.

Get reimbursed up to $800 per claim, if your cell phone is stolen or damaged.

Mastercard Travel Rewards

Get exclusive offers from top brands in over 15 countries outside the U.S. including France, Hong Kong, U.K. and more when you use your HSBC Elite or Premier Credit Card. 8

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Amazon Shop with Points TM

Unlock the power of your rewards with Amazon Shop with Points. Redeeming your Credit Card Rewards Points on Amazon.com is easy. Simply link your credit card to Amazon, shop the incredible selection of products, and select HSBC Rewards at checkout to pay with your Points.

Feel better knowing you’re not being overbilled. Get a complimentary HealthLock membership with a no-cost trial upgrade.

Enhanced Experiences

Priceless experiences®.

Enjoy hidden-gem experiences and special-access events virtually and worldwide.

Priceless Golf®

Play like never before, with priceless offers and global golf experiences.

Concierge Service

A personal assistant ready to help 24/7, worldwide.

Mastercard Travel & Lifestyle Services™

Get benefits, amenities and upgrades, preferential treatment and premium travel offers from best-in-class companies across hotels, air travel, tours, cruises, car rentals and more.

• Peace of Mind

MasterRental™ Coverage 2

Receive coverage on most rental vehicles when you rent for 31 consecutive days or less with your HSBC Elite Credit Card.

Travel Medical Insurance

If you have a medical emergency away from home, Travel Services Medical Protection Insurance can  help you get the best care.

Travel Accident Insurance 2

Receive accidental death or dismemberment insurance coverage up to $1 million when travelling.

Trip Cancellation Insurance 2

Pays a benefit of up to $1,500 per insured person in the event your trip is cancelled for a covered reason. 

Mastercard ID Theft Protection™ 2

Provides you with access to a number of Identity Theft resolution services, should you believe you are a victim of Identity Theft. 

Identity Fraud Expense Reimbursement 2

Reimburses for eligible expenses incurred in the process of restoring your credit, up to $1,000 per claim, resulting from identity fraud.

Purchase Assurance 2

Provides coverage for most new items purchased that are damaged or stolen within 90 days of the date of purchase, up to $1,000 per claim.

Price Protection 2

Reimburses for the difference in price, up to $250 per claim, on eligible items should you find the same item for a lower price.

Extended warranty 

Doubles the original manufacturer’s (or store brand) warranty up to 2 years.

Travel 

Peace of mind , world class rewards.

Get rewarded for every purchase you make 1 .

3× Points on Travel

Earn three Points per dollar spent on new airline, hotel, car rental purchases and more.

2× Points on Dining

Earn two Points per dollar spent on dining purchases. From your daily coffee shop to five star restaurants. 

Enroll to Earn Bonus Points 9

Earn 3X Points on fashion purchases from April 01, 2024, through June 30, 2024.

Earn one Point per dollar spent on all other purchases.

Monthly spend chart is for illustration purposes only. Your spending and Rewards Points may vary. 

60,000 Points, annually.

Redeem your points, your way!

20,000 Points

Can be redeemed for:

• $200 Cash Back
• Golf Equipment
• $300 trip booked with HSBC Travel

30,000 Points

Can be redeem for:

• $300 Cash Back
• $300 Dining Gift Card
• $450 trip booked with HSBC Travel

50,000 Points

• $500 Cash Back
• Robotic Vacuums
• $750 trip booked with HSBC Travel

Manage your card online 24/7

Tap & Go® for quick, secure payments

With Tap & Go® contactless payments, your HSBC Credit Card never leaves your hand. It’s not only secure but easier and faster than inserting or swiping your card for payments. 

So the next time you’re racing through a subway turnstile or grabbing a coffee on the way to work, make sure to keep your HSBC Credit Card at the top of your wallet.

You use your phone for everything else, why not purchases?

Add your HSBC Credit Card to a digital wallet and you can simply tap your phone to checkout at participating retailers. It’s quick, secure, and simple to set up. 

Plus, when you pay with mobile, you’ll also make it easier to:

• Shop online
• Make in-app purchases
• Pay with your smartwatch or tablet

Get started by adding your HSBC Credit Card today.

• Apple Pay®³   Apple Pay®³ This link will open in a new window
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Important documents

• Download your HSBC Elite Credit Card Rewards & Benefits and Mastercard Guide to Benefits brochure Download your HSBC Elite Credit Card Rewards & Benefits and Mastercard Guide to Benefits brochure Download link
• Download your HSBC Mastercard credit card Cardmember Agreement. Download your HSBC Mastercard credit card Cardmember Agreement. Download link

Please note: This Cardmember Agreement contains the Terms & Conditions for all HSBC consumer credit card products. For information about your credit card account pricing and fees, contact us via Live Chat  at or call the number located on the back of your card.

Financial Wellness

Financial Wellness Center

Your Money Counts

Seven Reasons It’s Time to Go Cashless

1   How Points are earned:  You earn Points when you use your card to make new purchases (minus returns, credits and adjustments). Rewards Points earn rate applies after any introductory period.  Monthly spend chart is for illustration purposes only. Your spending and Rewards Points may vary. 

All Reward option items are subject to limited availability and to the terms, conditions and restrictions imposed by suppliers. New items may replace selections, and certain items may be discontinued at any time, without advance notice. When necessary, HSBC Bank USA, N.A. may substitute a Reward of equal or greater value without advance notice. The customer will be notified of such a change when ordering. Redemption levels, Point values and availability are subject to change without prior notice.

You can receive Cash Back redemptions as a direct deposit or as a statement credit to your HSBC Elite World Elite credit card. If you select Cash Back as a direct deposit, only HSBC Bank USA, N.A. consumer checking and savings accounts in your name alone or as a joint accountholder are eligible.

2  Certain terms, conditions and exclusions apply. Cardholders need to register for this service. This service is provided by Iris® Powered by Generali. Please see your HSBC Elite World Elite Mastercard® credit card Rewards & Benefits and Mastercard Guide to Benefits brochure for details or call 1-800-MASTERCARD.

3  Apple Pay works with iPhone 6 and later in stores, apps, and websites in Safari; with Apple Watch in stores and apps; with iPad Pro, iPad Air 2, and iPad mini 3 and later in apps and websites; and with Mac in Safari with an Apple Pay enabled iPhone 6 or later or Apple Watch. For a list of compatible Apple Pay devices, see https://support.apple.com/km207105 .

Apple, the Apple logo, Apple Pay, Apple Watch, iPad, iPhone, Mac, Safari, and Touch ID are trademarks of Apple, Inc., registered in the U.S. and other countries.  iPad Pro is a trademark of Apple Inc.

4  Google Pay is a trademark of Google LLC.

5  Samsung, Samsung Pay, Galaxy S7 and Samsung Knox are trademarks or registered trademarks of Samsung Electronics Co., Ltd. Other company and product names mentioned may be trademarks of their respective owners.  Screen images are simulated; actual appearance may vary. Samsung Pay is available on select Samsung devices.

6  Fitbit, Fitbit Pay and the Fitbit Logo are trademarks, service marks and/or registered trademarks of Fitbit, Inc. in the Unites States and in other countries.

7  Garmin and Garmin logo are trademarks of Garmin, Ltd. or its subsidiaries and are registered in one or more countries, including the U.S. Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries.

8  As an HSBC Elite credit cardholder, you do not need to enroll or register for the Mastercard Travel Rewards program. This program is available to you automatically, at no additional cost.  Merchants may provide to eligible HSBC Elite Mastercard credit cardholders (“cardholder”) certain discounts, rebates or other benefits on the purchases of goods and services ("Offers") that will be available on the Mastercard Site. Merchants may also have different payment acceptance criteria for online purchases (e.g., debit or prepaid cards may not be accepted). Such Offers are subject to certain Terms & Conditions and may change at any time without notice to you. Payment acceptance criteria is determined by the merchant in its discretion and may be visible on the Merchant website. HSBC or Mastercard will not be liable for any loss or damage incurred as a result of any interaction between you and a merchant with respect to such Offers. Except as set forth herein, all matters, including but not limited to delivery of goods and services, returns, and warranties are solely and strictly between you and the applicable merchants. You acknowledge that HSBC or Mastercard does not endorse or warrant the merchants that are accessible through the Mastercard Site nor the Offers that they provide. If applicable, all offer redemption is dependent on merchant shipping policies and availability to cardholder's shipping address. For all offers that are specified as “unlock additional online offers” cashback is not earned on shipping, handling, tax or the purchase and/or use of gift vouchers, which for avoidance of doubt, includes gift cards, gift certificates, or any other similar cash equivalents. Terms and conditions apply, visit  https://mtr.mastercardservices.com/en/i/3705/faq  for additional information.  All third party-trademarks are the property of the respective owners.

9  To be eligible for the campaign benefit, you must successfully enroll in the program within the specified enrollment period beginning April 1, 2024, through June 30, 2024. Bonus Points accumulation starts on the date after which you successfully enrolled into the program through the end of the campaign period June 30, 2024. Transactions made outside of this period are not eligible. Bonus points accrue based on Elite or Premier Credit Card type at the time of enrollment and will not change if account is moved to another HSBC credit card. Your credit card account must remain open, active, and in good standing to continue receiving the campaign benefit. By enrolling in the credit card campaign benefit, you confirm that you have read, understood, and agreed to the above terms and conditions and, you consent to receiving communications regarding the campaign benefit and related promotions via email or other means of communication provided by you. HSBC Bank USA, N.A. reserves the right to modify, suspend, or terminate the campaign benefit and its terms at any time without prior notice.

From April 1, 2024, through June 30, 2024, HSBC Elite Mastercard credit cardholders in good standing and after successful enrollment, will earn three (3) Rewards Program Points (one Rewards Program Point and two promotional Points), up to $3,000 on net new purchases made at stores or retailers classified under the following merchant category codes (MCC): (5311) Department stores, (5611) Men’s and boys’ clothing and accessory shops, (5621) Women's Ready to Wear Clothes  (5651) FAMILY CLOTHING STORES,  (5661) SHOE STORES, (5691) MEN'S AND WOMEN'S CLOTHING STORES , (5977) COSMETIC STORES. HSBC is not responsible for 1) the merchant’s transaction description, 2) the exclusion of merchants within a merchant category code, 3) delays in the merchant submitting the transaction, or 4) if the transaction date provided by the merchant differs from your actual purchase date. If at any point during the campaign you are no longer an Elite credit cardholder, you may no longer qualify to receive this offer. 

10  Certain restrictions, limits and exclusions may apply. Please see your HSBC Premier World or HSBC Elite World Elite Mastercard® credit card Rewards & Benefits and Mastercard Guide to Benefits brochure for details.

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FAQs for HSBC Global Money Account

On this page, about the global money account, fees and charges, managing my global money account, making a payment, having trouble, what is a global money account .

The Global Money Account is a mobile-only account that can be used to handle up to 19 currencies securely from your HSBC Expat Mobile Banking app.

It's also an easy-to-use payment service that lets you deposit money, convert it and send it to HSBC customers and other banks globally.

Who can open a Global Money Account? 

If you have one of the accounts mentioned below, you may be eligible to open a Global Money Account:

1. An eligible and active account in your sole name (see list of eligible accounts below)

2. An eligible and active account in joint names, where only one signature is required.

The following accounts are eligible for moving funds into a Global Money Account:

• Expat Bank Account
• Online Bonus Saver
• Quarterly Bonus Saver
• Currency Savings Account
• Little Expat Savings
• 30 Day Notice Account
• Online Saver Account
• Saver Account

You can only hold one Global Money Account at a time across all HSBC markets.

If you wish to hold your Global Money Account in your local market, you will first need to close your HSBC Expat Global Money Account. To close your account, please give us a call on +44 1534 616313 .

How is a Global Money Account different from a traditional bank account? 

Key features that differentiate a Global Money Account from your traditional bank account:

• it is only available on the HSBC Expat Mobile Banking app. This means that you can only make payments and view your balances on your mobile device, not on a desktop
• you can add funds to your wallet from your HSBC Expat current and savings accounts
• cheques and cash cannot be directly deposited into this account. You can only transfer in/out of the account using an eligible account (see ' Who can open a Global Money account? ')

At this time, Global Money accounts cannot receive payments from outside of HSBC Expat or from other customers.

Who can receive Global Money Account transfers? 

You can make transfers online from your Global Money Account to any personal bank account in supported countries and regions, both domestically and overseas.

Payments to other Global Money Accounts, First Direct and M&S Bank are not supported at this time.

Where is my money stored? 

Money you move into your Global Money Account is held by HSBC Expat which is a division of HSBC Bank plc, Jersey branch.

This means that funds will be subject to the Jersey Bank Depositor Compensation Scheme which offers protection for eligible deposits of up to £50,000.

The maximum amount of compensation in any 5-year period is capped at £100,000,000. Full details of the scheme and banking groups covered are available on the States of Jersey website at gov.je/dcs , or on request.

Do I earn interest on the money in my Global Money Account? 

No. To earn interest, you can transfer the money to an HSBC Savings account. Learn more about our savings options on our dedicated page.

Where can I find the terms and conditions for my Global Money Account? 

You can find the terms and conditions by going to  Profile  and then Legal within the HSBC Expat Mobile Banking app.

What currencies are available in my Global Money Account? 

The following currencies are available to hold in your Global Money Account. More currencies will be added over time, so be sure to check back periodically.

British pound sterling (GBP), United States dollar (USD), Euro (EUR), Hong Kong dollar (HKD), United Arab Emirates dirham (AED), Australian dollar (AUD), Canadian dollar (CAD), Chinese yuan renminbi (CNY), Czech Koruna (CZK), Danish krone (DKK), Japanese yen (JPY), New Zealand dollar (NZD), Norwegian krone (NOK), Singapore dollar (SGD), South African rand (ZAR), Swedish krona (SEK), Swiss franc (CHF), Polish Zloty (PLN) and Thai Baht (THB).

Will I receive a statement for my transactions? 

You can find and download your monthly statements in the app. Just tap on your Global Money Account , select View more and then View statements . You can also view your transaction history under your account activity. 

If you think your statement or transaction history is wrong (whether by error or suspected fraud) please notify us immediately.

If you do not notify us within 30 days of the date of the statement on which the error or problem occurred, you may be liable for the affected transactions or any subsequent transfers.

Can I have more than one HSBC Global Money account? 

If you’ve already opened a Global Money Account in another country or territory, you can still open one with HSBC Expat. Please check the FAQs and eligibility rules in each HSBC country or territory as they may vary.

How do I access my Global Money Account? 

You can access your Global Money Account from your HSBC Expat Mobile Banking app.

How much does it cost to hold a Global Money Account? 

There is no cost for holding the account and transactions are fee-free.

All foreign currency conversions use the HSBC Exchange Rate, which is quoted to you at the time of making the transfer.

The HSBC Exchange Rate is a live rate during trading market opening hours. When markets are closed, it's based on the most up-to-date market rate.

What exchange rates do I get for payments? 

The HSBC Exchange Rate applies to any foreign currency transactions you make using Global Money. This rate is presented to you before you complete a foreign currency transaction.

How is the HSBC Exchange Rate calculated? 

The HSBC Exchange Rate includes the HSBC cost rate and a foreign currency conversion margin. This rate is quoted to you before you complete any foreign currency transaction using Global Money.

Are there any extra service fees or commissions for exchanging money? 

No. The rate shown at the time of your transfer is based on the most up-to-date market rate and includes any currency conversion charges.

My exchange rate changed and I got a timeout message? 

Rates refresh regularly to ensure they are aligned to market exchange rates. You will be asked to confirm the new rate before you can proceed with the transaction.

Why does my weekend transaction include an additional premium? 

It is important to us to enable you to transact on a day and time that works for you. However, live rates are only available during market hours. We therefore allow an additional premium to account for any exchange rate fluctuations during weekends.

I need to check my Global Money Account, but I don't have my mobile phone with me. How can I check it? 

If you do not currently have access to the HSBC Expat Mobile Banking app, you can contact us on +44 1534 616313 .

How do I check my currency balances? 

You can view your currency balances in the Global Money Account section of the HSBC Expat Mobile Banking app. Please note that your balances will only be visible on your mobile device, and cannot be seen on a desktop.

How can I access my Global Money statements? 

A summary of your Global Money balance will appear on your usual HSBC Expat composite statement.

For full transaction information, you can access your Global Money statements at any time via the HSBC Expat Mobile Banking app by selecting the relevant Global Money account, clicking 'view more' and then 'statements'.

We regret that bespoke balance statements and certificates of interest are not available for this account.

How do I add money? 

• Log on to the HSBC Expat Mobile Banking app.
• Go to your Pay & Transfer tab.
• From there, select Global Money Account - Add money .
• Select the account the money will be transferred from.
• Enter the amount of money to be added to the Global Money Account.
• Select the currency for the money to be added in. Note : You can skip this step for same-currency transfers.
• Review and select Confirm . Note : Once you select Confirm, the transaction cannot be cancelled.

How do I convert currency? 

• From there, select Global Money Account - Convert or send money.
• Select the currency the money will be converted from.
• Select the currency to convert to.
• Input the amount of currency to add.
• Review the conversion and exchange rate and select Confirm . Note : Once you select Confirm, the transaction cannot be cancelled.

What devices can I use to make transfers with my Global Money Account? 

How can i close my global money account .

You can close your account by calling us on +44 1534 616313 . Please ensure you've transferred all funds from your Global Money Account prior to calling us.

What happens to my money if I close my Global Money Account? 

If there is still money in your account upon closure, we'll look to transfer each currency into matching domestic currency accounts, e.g. if you hold USD, we'll offer to transfer the funds into your domestic USD account.

If you don't have a matching domestic currency account, we may charge you a foreign exchange conversion margin to convert the money into one of your other currency accounts.

Which types of payment can be made from the Global Money Account? 

There are two types of payment that can be made from the Global Money Account.

To an HSBC Account

To make a payment to another HSBC account, you can either:

• select the Global Money account you want to send funds from, then click on Convert or Send Money
• visit the Pay & Transfer tab and select Global Money Account: Convert or send money

From here you can make instant payments to other HSBC accounts around the world. For more information on this service, visit our International Transactions  page.

To an account outside HSBC

To make a payment to an account outside HSBC, you should visit the Pay & Transfer tab and select Send Money Internationally . From here you can select your Global Money account as the debiting account.

For more information on making a payment from the Global Money account, please see our International Transactions page and our Global Money Transfers FAQs .

How safe is a Global Money Account? 

Global Money Account is part of the HSBC Expat Mobile Banking app, so your account is protected by all of the same security measures as in the rest of the app.

What if I lose my phone? 

If you've lost your phone, you can call us on  +44 1534 616313 for support. We'll be able to remove the phone from your banking profile so it cannot be used to access your HSBC Expat accounts, including your Global Money Account.

Alternatively, if you have the HSBC Expat Mobile Banking app on more than one device, you can log on to one of your other devices and remove access to the lost or stolen phone yourself.

I think I've been hacked. What should I do? 

If you suspect that your account has been compromised, or someone knows your password, please reset your password and security measures immediately.

Alternatively, you can call us on  +44 1534 616313 and we'll be able to do this for you.

I've lost my phone. What should I do? 

If you've lost your phone, please call us on  +44 1534 616313 for support. We'll be able to remove the phone from your banking profile so it cannot be used to access your HSBC Expat accounts, including your Global Money Account.

I think my phone has been compromised. What should I do? 

If you suspect that your phone has been compromised, please reset your password and security measures immediately.

Already an HSBC Expat customer?

To benefit from our Global Money account, you'll need to open an HSBC Expat Bank Account.

Connect with us

Media enquiries to: Rob Sherman (646) 939-6998 [email protected] US Head of Media Relations HSBC

Release Summary

HSBC USA today announces the launch of HSBC Global Wallet, a multi-currency digital offering that enables businesses to make international payments

Global payables

Our global payment solutions, account reconciliation services.

Simplify reconciliation of outgoing domestic & international payments and outstanding receivables to identify exceptions quickly by systematically matching your account balances against transactions.

Check outsourcing

Save time and resources by centralizing the processing, printing and mailing of all your out-going paper checks regardless of currency.

Credit transfers

Reduce the time and expense of processing paper checks using electronic payment solution to make fast, secure and cost-effective worldwide payments.

Positive pay

Prevent fraud by comparing checks presented for payment against issuance data, ensuring that check number and dollar amounts match exactly.

HSBC Global Wallet

In the United States, deposit products are offered by HSBC Bank USA, N.A., Member FDIC.

All United States persons (including entities) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons and entities should consult a tax advisor for more information.

HSBC Bank USA, N.A. is a member of the HSBC Group of affiliates. Certain products and services may not be offered by the local HSBC affiliate in every country.

Commercial Bank

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HSBC Global Business websites

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Introducing HSBC Global Wallet

Growing internationally brings unlimited opportunities

• Client Stories
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• Global Wallet

Pay and receive like a local

Growing internationally brings unlimited opportunities. Now you can give your international payments the same freedom.

HSBC Global Wallet gives you the ability to hold, manage, send and receive payments in multiple currencies, all from your existing HSBCnet profile. You’ll be able to do business quickly and easily, wherever your customers and suppliers are.

Here’s how it works.

Multiple currencies, all in one place.

View, hold and manage a range of currencies in one place, saving you time and effort.

Faster international payments using local account details

Build trust with your customers and suppliers in other countries and territories with faster international payments, using local account details.

No hassle, no multiple accounts and logins.

HSBC Global Wallet is integrated with your business banking account in HSBCnet, our award-winning online banking platform and mobile app.

Greater control

Benefit from the enhanced capabilities and security of HSBCnet, including easy transfers between accounts, entitlements, and two-factor authentication.

Find out more

To find out more about how hsbc global wallet can help your business take the next step, get in touch with your relationship manager or visit your local hsbc website * :.

Singapore - www.business.hsbc.com.sg/globalwallet UK - business.hsbc.uk/global-wallet US - business.us.hsbc.com/en/hsbc-global-wallet

* Please note that HSBC Global Wallet is initially launching in Singapore, the United States and the United Kingdom. Further jurisdictions will follow in 2021 and 2022, watch this space for more information.

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5 Best Banks for International Travel

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Using the right bank can save you money when traveling abroad. When researching the best banks for international travel, features we considered included:

Low wire transfer charges.

Decent currency conversion rates.

International ATM fee reimbursement.

Foreign currency delivery to your home.

Here are our favorite banks for international travel.

Charles Schwab Bank: Best for using ATMs.

Capital One 360: Best on foreign transaction fees.

HSBC Bank: Best for expats with high balances.

Citibank: Best for wiring money.

Revolut: Best for nonbank multicurrency account.

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to make sure our coverage is fair and accurate, so you can choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions .

Best Banks for International Travel

Our pick for

Schwab Bank

Why We Like It

Schwab Bank customers who use the Investor Checking Account get fees refunded from any ATM in the world. That kind of perk is usually only available for premium checking accounts at other banks.

Plus, the bank doesn't charge foreign transaction fees.

Pros: - Refunds on all ATM fees worldwide. - No foreign transaction fees. - Account earns interest. - No minimum balance requirement and no monthly fee. - Free travel and emergency assistance services, including emergency messaging, medical and legal referrals, emergency translation and lost luggage location.

Cons: - Checking account must be linked to a Schwab One brokerage account (but the account doesn’t have a minimum balance requirement).

Foreign transaction fees

Capital One

Though it’s not the only bank that doesn’t ding you for international purchases, Capital One 360 is a NerdWallet favorite because its fees are low across the board.

Capital One 360 doesn’t charge a foreign transaction fee for using your debit card outside the U.S. or for any transactions made in a foreign currency. If you want to use cash, the bank won’t charge you a fee for taking money out at an ATM (but it also won’t refund you if the ATM owner charges you a fee).

In comparison, many banks charge special fees when you make purchases abroad, or even if you buy something online from a retailer based outside the U.S.

Pros: - No foreign transaction fees. - No ATM fees. - No monthly maintenance fees.

Cons: - No refunds for fees charged by ATM owner.

Expats with high balances

In the U.S., HSBC only offers premium accounts that require a high balance to open. But for those who can swing the balance, this bank can be handy while living abroad. A few features make this bank handy for expats or frequent globetrotters: The bank doesn’t charge foreign transaction fees on debit card purchases; it lets depositors monitor and move money between HSBC accounts in multiple countries; and if you lose your wallet while traveling, you can access up to $10,000 in emergency cash.

Pros: - Can access up to $10,000 in emergency cash in U.S. dollars or local currency if you lose your wallet while traveling. - No foreign transaction fee on debit card purchases. - Account holders can receive international wire transfers for free.

Cons: - In the U.S., HSBC only offers premium accounts with high minimum balance requirements. - Outgoing international wire transfers may come with a fee if the receiving account is not also an HSBC Premier account holder. - Mobile apps are poorly rated.

Wiring money

Citibank, N.A.

While many banks offer customers a way to send remittances directly without going through a third-party wire transfer service, few do it as elegantly as Citibank, which offers free international transfers to other Citi accounts through the Citibank Global Transfers service.

Plus, if you need cash while you’re abroad, Citibank offers free withdrawals at its ATMs in more than 20 countries. And if you often find yourself in a hurry before a trip with too much to do, the bank will deliver foreign currency by the next business day to a Citibank branch, your home or office.

Pros: - Foreign currency delivery before a trip. - Free international transfers to other Citi accounts. - Citibank ATMs available in more than 20 countries.

Cons: - Non-premium accounts are subject to out-of-network ATM fees from the ATM owner. - If you need to wire money internationally to someone who doesn’t have a Citibank account, the fee could be as high as $35.

Nonbank multicurrency account

The Revolut account lets you hold and send money in more than 28 currencies and uses a real-time exchange rate. Exchanges done in the app, exchanges for a transfer and exchanges for a payment use the same rates. One catch is that Revolut will charge an exchange fee for transactions on the weekends.

Pros: - Can withdraw up to $400, $800 or $1,200 fee-free per month at out-of-network ATMs, depending on your plan. - Can hold and send money in more than 28 currencies. - Account earns interest.

Cons: - Foreign currency exchanges made on the weekends incur a fee. - Premium accounts have a monthly fee of about $10-$17, which can’t be waived.

More top choices for best banks for international travel

BECU: No foreign transaction fee ( read full review ).

Axos Bank: ATM foreign currency conversion fee reimbursements with World Checking account ( read full review ).

Navy Federal Credit Union: Branches in just under 10 foreign countries ( read full review ).

Varo: No foreign transaction fee ( read full review ).

Wise (formerly TransferWise): Multicurrency account with a debit card that doesn’t charge foreign transaction fees ( read full review ).

More strategies to keep banking costs down while traveling

Using money abroad can incur costs, but switching banks isn’t your only way to avoid them. Here’s a breakdown of different approaches and accounts to consider:

When spending money abroad:

Try a multicurrency account : Spend and hold different currencies in one account. This option is usually best if you live or work outside the U.S. for extended periods. Two mainstream providers are the financial tech firms Wise and Revolut .

Find a credit card with no foreign transaction fees : For everyday purchases when you can use physical cards or mobile wallets, a travel-friendly credit card can be useful.

When dealing with cash abroad:

Use a debit card with no foreign transaction or ATM fees : This is especially good for cash withdrawals, especially in countries where cash is heavily used. Generally, these debit cards, and the checking accounts they’re connected to, don’t have foreign transaction fees either.

Take advantage of currency exchange services from your bank : For cash you’ll bring on your next trip, see if your bank or credit union has this service since it’s cheaper than using kiosks at the airport.

When sending money abroad:

Consider nonbank money transfers : If you're sending a wire overseas while still in the U.S., companies such as Wise and OFX offer stand-alone transfers internationally that have competitive rates and low to no fees.

When managing wealth abroad:

Look into private banking : Private banking offers a personalized experience for high-net-worth individuals, which can include overseas considerations.

Open an offshore bank account : If you need help managing international business or investments, or if you'll be traveling long term, consider the merits of an offshore bank account.

Last updated on November 15, 2023

Methodology

We took a close look at over 90 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.

Financial institutions and providers surveyed are: Affirm , All America Bank , Alliant Credit Union , Ally Bank , Amalgamated Bank , America First Credit Union , American Express National Bank , Andrews Federal Credit Union , Associated Bank , Axos Bank , Bank of America , Bank5 Connect , Bank7 , Barclays , Bask Bank , Bethpage Federal Credit Union , BMO , BMO Alto , Boeing Employees Credit Union , Bread Savings , BrioDirect , Capital One , Carver Federal Savings Bank , Charles Schwab Bank , Chase , Chime , CIBC U.S. , CIT Bank , Citibank , Citizens , Citizens Bank , City First Bank , Climate First Bank , Commerce Bank , Community First Credit Union of Florida , ConnectOne Bank , Connexus Credit Union , Consumers Credit Union , Current , Delta Community Credit Union , Discover Bank , E*TRADE , EverBank (formerly TIAA Bank) , Fifth Third Bank , First Foundation , First National Bank , First Tech Federal Credit Union , Flagstar Bank , FNBO Direct , Global Credit Union , GO2bank , Golden 1 Credit Union , Greenwood , Hope Credit Union , Huntington Bank , Industrial Bank , Ivy Bank , KeyBank , Lake Michigan Credit Union , LendingClub Bank , Liberty Bank , Live Oak Bank , M&T Bank , Marcus by Goldman Sachs , Navy Federal Credit Union , NBKC , One , OneUnited Bank , Pentagon Federal Credit Union , PNC , Popular Direct , Quontic Bank , Regions Bank , Revolut , Salem Five Direct , Sallie Mae Bank , Santander Bank , SchoolsFirst Federal Credit Union , Security Service Federal Credit Union , Securityplus Federal Credit Union , Self-Help Credit Union , Service Credit Union , SoFi , State Employees’ Credit Union of North Carolina , Suncoast Credit Union , Synchrony Bank , TAB Bank , TD Bank , Truist Bank , U.S. Bank , UFB Direct , Upgrade , USAA Bank , Varo , Vio Bank , Wells Fargo and Zynlo Bank .

How we rate banks and credit unions

To recap our selections...

NerdWallet's Best Banks for International Travel

• Schwab Bank : Best for Using ATMs
• Capital One : Best for Foreign transaction fees
• HSBC : Best for Expats with high balances
• Citibank, N.A. : Best for Wiring money
• Revolut : Best for Nonbank multicurrency account

Frequently asked questions

Banks that don’t make it expensive for you to use your debit card when you’re out of the country are best for international travelers.

Here are NerdWallet’s picks for best banks for international travel :

Some banks offer international bank accounts that U.S. citizens can open. International bank accounts generally require a high minimum balance.

Some banks allow you to make purchases and perform other transactions in other countries without charging a fee. Banks that don’t charge foreign transaction fees include Capital One 360, Discover Bank, HSBC Bank and Schwab Bank.