In order to prevent identity theft, identity fraud, money laundering, terrorist financing, etc, the RBI had directed all banks and financial institutions to put in place a policy framework to know their customers before opening any account which known as ( KYC – Know Your Customer ) .
This means the Banks can open foreign offshore account for non-residents if they verify and assure their clients identities/activities and this is one of the main reasons why we have difficulties to open foreign bank account either in USA or Europe .
All of the banks and financial institutions around the world are responsible to verify their clients activities and identities making sure that they don’t practice any illegal activities before opening any account.
Due to all above If you’re verified with your HSBC local Bank complying their KYC ( know your customer ) norms and verification process and already got your own local HSBC saving / business account then you can open another HSBC Offshore bank account abroad ( US/EUROPE etc ) as non-resident.
Yes, Having a local HSBC bank account in your country will enable you to open another account/s in any of other HSBC abroad branches either in HSBC United states or European HSBC account .
All you need to is to open local HSBC account in your country , then you have to visit your local HSBC Bank personally and to ask the customer service officer to take the necessary procedures to open another HSBC account in USA/Europe or any of other HSBC listed countries .
The officer will manage and proceed all the paperwork and relevant documents in order to open the foreign HSBC account for you .
There will be an account opening charge which is a bit high but it’s worth due to HSBC reputation, its accounts reliability in addition to trustworthy online powerful e-banking web interface.
Also initial deposit and monthly / annual charges may occur depending on the balance and transactions charges on the foreign currency account. Details for the charges can be viewed at HSBC website at ( Tariff and Charges menu )
What is an offshore Bank account ?
