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Understanding Total Relationship Balance and how we apply the Premier below Balance Fee

Retail Banking and Wealth Management New Zealand March 2012

Qualifying for HSBC Premier

HSBC reserves the right to charge a Below Balance Fee as set out in the Retail Banking and Wealth Management Fees and Charges brochure*. The following document explains how we determine the application of the Below Balance Fee. We assess this by reference to the Total Relationship Balance (TRB).

To qualify for HSBC Premier you will need:

  • A minimum value of NZD500,000 in home loans with HSBC in New Zealand (facility limit not outstanding balance); and /or
  • A minimum value of NZD100,000 in savings and investments with HSBC in New Zealand; and /or
  • If you’re an overseas HSBC Premier customer, you’ll automatically qualify for Premier customer status in New Zealand

*Note, all Premier Explorer customers and customers with an HSBC New Zealand home loan will be exempt from the monthly fee.

Calculating TRB and its relevance

 

Calculating TRB

 

Frequently Asked Questions

 

Important Note

HSBC Premier, Retail Banking and Wealth Management Terms and Conditions and Fees and Charges apply.

The calculation of TRB is applicable only to HSBC Premier customers in New Zealand.

This information is correct at the time of publication.