Terms & Conditions - HSBC

Section X Total Relationship Balance (TRB) and Below Balance Fee (BBF)
1) The Bank uses Total Relationship Balance as one of the eligibility criteria for HSBC Premier
Customers. For illustration purposes, please refer to the example below:
Example 1: Calculating Total Relationship Balance for Customers who hold both sole and joint
accounts
Customer Account type Account balance Total relationship Service fee
name for the month balance for the month
Mr A & Mrs B Joint $20,000 $20,000 (joint only) $50
Mr A Sole $150,000 $150,000 (sole)+ Waived
$20,000 (joint)
= $170,000
Mrs B Sole $200,000 $200,000 (sole)+ Waived
$20,000 (joint)
= $220,000
To protect the Customer’s privacy, we will not include sole Account balances when calculating
the Total Relationship Balance for joint accounts.
Example 2: Calculating Total Relationship Balance for the month
Account Balance from Balance from Balance per account
type 1-15 May 16-31 May for the month
Premier $80,000 $50,000 ($30,000 {($80,000 x 15 days)+
account withdrawn on 16 May) ($50,000 x 16 days)} /31 days
= $64,516.13
Unit Trust $70,000 $0 (redemption made {($70,000 x 15 days)+
investments on 16 May) ($0 x 16 days)} /31 days
= $33,870.97
Structured $50,000 $200,000 ($150,000 {($50,000 x 15 days)+
deposits investment made ($200,000 x16 days)} /31 days
on 16 May) = $127,419.35
Total Relationship Balance = $225,806.45
Total Relationship Balance is calculated by adding up the average daily balances of the
Customer accounts for the calendar month.
2) Customers may be charged a monthly below balance fee (BBF) if their TRB falls below the
minimum requirement. Such fee is illustrated in HSBC Premier Tariff Schedule which can be
updated from time to time.
3) The Bank may, in its sole discretion, remove Premier status from Customers who fail to
meet the eligibility criteria, after a period of time, as determined by the Bank.
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