You qualify for HSBC Advance if:
You maintain a Total Relationship Balance of RMB100,000 or more (or its equivalent in any other foreign currency)
You have a home mortgage loan under your HSBC Advance customer number and there is an outstanding home mortgage loan balance*.
*You qualify for HSBC Advance if your personal home loan is approved by HSBC. Please refer to the Tariff of Accounts and Services for Personal Customers for more detailed information about the monthly service fee
The Total Relationship Balance refers to the combined monthly average balance of all the accounts under the same customer number, which includes: (1) Renminbi / Foreign Currency Deposits; (2) investment capital amount(s) of Dual Currency Investment(s) and Structured Investment(s) (Capital Protected at Maturity / Partially Capital Protected at Maturity); (3) market value of other investment product(s) (including Overseas Investment Plan); (4) point of time cash value of traditional life insurance product(s) (including annuity insurance, whole life insurance, endowment insurance, critical illness insurance and universal life insurance) according to the end of the third to last working day of the current month; (5) point of time market value of investment account(s) under investment linked insurance product(s) according to the end of the third to last working day of the current month.
Remarks and notes:
A monthly service fee of RMB100 (or its equivalent in any other currency) will be charged if the Total Relationship Balance of all the accounts under the same customer number falls below RMB100,000 (or its equivalent foreign currency) in the previous month. Please refer to the Tariff of Accounts and Services for Personal Customers for more detailed information.
These FAQs are intended to provide an overview of the information on issues related to financial products or services, or regulatory requirements faced when undertaking financial activity in mainland China. Due to the diversity and complexity of financial products/services and local regulatory environment, these FAQs can only provide an outline of the issues. The information is provided for your reference only, and shall not be construed as legal, financial or any other professional advice. HSBC makes no guarantee, representation or warranty and accepts no responsibility for the accuracy updatedness and/or completeness of the information.
Latest update in Nov. 2016