12 most frequently asked questions (page 2 of 2)

Our Offshore Bank Account is usually the first account people open with us as it offers savings account rates along with all the facilities of a current account - the minimum balance for this account is £/US$/€5,000.

Lump sum investments in our HSBC offshore funds can also be made from just £/US$/€5,000. However, if you prefer you can make regular investments into an investment plan from just £/ US$/€250 a month.


9. What charges will I have to pay if I invest in an HSBC offshore fund?

There is an initial charge for all new investments. This is reflected in the difference between the offer price at which you buy shares and the bid price at which you can sell.

The difference between the offer and bid prices is commonly referred to as the 'bid - offer spread'. The initial charge for each of our funds is as follows:

US Index Fund - 1% (for investments via our web site)
Sterling Income Fund - 3%
Freedom sub-funds - 5.25%
International Select Fund - 5.25%
Capital Secured Growth Funds - the charges are contained within the brochure published for each launch.

There is also an annual management charge to cover investment management and administration costs. This fee is calculated on a daily basis and deducted from the capital value of the fund.

The annual management charge levied varies between different funds and fund classes. Details of the annual management charge for each fund are contained in the fund brochure and prospectus.


10. Rather than making a lump sum investment, could I make regular smaller investments into an investment plan?

Absolutely. It's up to you how you invest.

If you want, you can build up your investments through a series of small, regular monthly payments that over time, can accrue into a substantial investment.

Contributions can be made direct from your account by standing order, eliminating unnecessary administration on your part.


11. Can I use the Internet to view my offshore accounts and investments online?

Yes, you can. HSBC offers customers an Internet Banking service that is convenient and easily accessible from anywhere in the world.

You can use it to view all your account details and the latest value of your HSBC investments.

You can also give instructions to top up, sell or switch many of your investments without the need to complete any time consuming paperwork.


12. If I decide to invest in an HSBC offshore fund how will I be able to monitor the price of the investment?

You'll find the latest share prices on this web site. We'll also send you an update about the performance of your investment every six months.

If you are an Internet Banking customer you can monitor the value of your investments online.