Wednesday, January 27, 2021

Exec Eyes Growth For HSBC Financial Service

Exec Eyes Growth For HSBC Financial Service


Synergeia Rolls Out Assessment Tests To Gauge Learning During Pandemic

With these new assessment tests, we'll finally know if distance education is indeed effective amid a pandemic.

Save The Children Philippines, BARMM Forge Partnership To Fulfill Children’s Rights

Save the Children Philippines brings hope to protect children from the horrors of gun battles especially in parts of Muslim Mindanao.

Save The Children PH Welcomes Smart Communication For Children’s Learning Access

Smart Communications, Inc. and Save the Children Philippines jointly donated four School-in-a-Bag packages for learning communities in the Bangsamoro Autonomous Region in Muslim Mindanao!

SM Scholar-Graduate Instills Leadership Competencies In Youth

An inspiring story of an SM Scholar alumna!

Continuous growth of the Philippine economy made a ranking HSBC official forecast a robust expansion for the bank’s personalized financial service called Premier.

In a briefing Thursday, HSBC head of Retail Banking and Wealth Management Peter Faulhaber said Premier was launched in the country in March 2000 but it was re-launched last July.

“Since we re-launched in July, we’ve seen a significant increase in the number of new Premier customers we’ve acquired over the last three months than what we have over the previous six months,” he said.

The financial service caters to people, who can put a minimum placement called total relationship balance (TRB) of PHP3 million, those who have a home loan amounting to at least PHP6 million, or those who have monthly salary of PHP300,000, which will be deposited as part of their TRB on a monthly basis.

Among the perks of being an HSBC Premier client include recognition of the said status in all countries with HSBC instantaneously, fee-free international online fund transfers between HSBC accounts, international account opening before the client arrives in his destination, access to HSBC Premier International Centers, and access to emergency cash from HSBC Premier Centers in about 65 countries and territories.

Faulhaber said this service will be beneficial to, among others, parents who send their kids to study overseas.

Citing results of the bank’s annual overseas education 2019 survey, the HSBC official said their clients noted issues of transferring funds abroad, difficultly to open a bank account in the country of destination, and getting a credit card as among the reasons parents face when sending their kids to study overseas.

He said these issues are what Premier wants to address to help their affluent clients.

Another feature of the personalized financial service is the extension of Premier’s benefits to the primary client’s kids.

For kids aged seven to seventeen years, the product is called HSBC Premier Junior Pack while it is the HSBC Premier NextGen for children between 18-28 years of age.

“I think one of the key driving factors around the Premier Junior Pack and also the NextGen is in this day and age, regardless whether you’re in the Philippines or in the US, financial literacy and people understanding how money works is extraordinarily important,” Faulhaber added. (PNA)

Latest News

PRRD OKs Limited F2F Classes In Medical, Allied Health Programs

President Duterte approves schools and Universities with medical allied programs to open face-to-face classes in GCQ areas.

Inter-Continental Online Conference To Discuss The Role Of Peace Education

The inter-continental peace conference has successfully made its way to discuss the role of peace education from 70 countries, including the Philippines.

PH Ready For Arrival Of Vaccines: Galvez

"Mayor, prepared po tayo," Secretary Galvez said to President Duterte, citing the facilities and deployment readiness of the country for Covid-19 inoculation.

SM Obtains Third Gold Award In Asia Sustainability Reporting

SM Investments Corporation (SMIC) becomes the sustainability reporting Gold Awardee in Indonesia for the third consecutive time!

Children’s Safety Is Duterte’s Primary Concern: Palace

Sa iyong palagay, hanggang anong edad ba dapat ang hindi muna pwedeng lumabas ng bahay?

Go Welcomes Nod For Cheaper, Safer Saliva Tests For Covid-19

Naniniwala si Sen. Christopher Bong Go na makakatulong ang paggamit ng saliva tests para sa Covid-19 sa pagpapaunlad muli ng industriya ng turismo sa bansa.

Salceda Files Bill To Modernize Gov’t Services

Albay Representative Joey Salceda files a bill seeking to streamline inefficient government processes to modernize the delivery of citizen services.

Palace Tackles Proposed Price Cap On Pork, Other Food Products

Mas magmamahal pa kaya ang presyo ng baboy?

DA To Mass-Produce New Test Kits For ASF In February

Good news! Rapid test kits for African swine fever will soon be available!

Synergeia Rolls Out Assessment Tests To Gauge Learning During Pandemic

With these new assessment tests, we'll finally know if distance education is indeed effective amid a pandemic.