The main drawback is that the HSBC Global Money Account is designed for personal use rather than business payments, so it cannot support a company’s regular international payment needs.
Transfers between your own eligible HSBC accounts in different countries can be free through Global Transfers. A business payment to another HSBC account is not automatically free, as HSBC bases its charges on the payment service and channel used rather than the recipient’s bank.
HSBC Global Wallet is for Business Banking customers and works through Business Internet Banking. HSBC Global Money is a personal mobile app account for holding, sending and spending currencies.
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