Healthy money management techniques are a key to financial stability and longterm wealth management. HSBC sub-accounts are a unique way for individuals to manage their money as they offer the advantages of separate bank accounts without the inconvenience that comes with having separate account numbers and login credentials for each account. The sub-accounts allow for separate savings accounts to be created for specific savings goals while always being easily managed from the primary savings account.
Open a Taiwan dollar savings account with HSBC. Anyone over the age of twenty is able to apply for an account and the forms can be completed online. If approved, complete the process by visiting a local HSBC branch for ID verification. US dollar accounts can be opened at the same time as the Taiwan dollar account.
Log into the newly created savings account using the HSBC Direct online banking service. An option to "Add New Accounts" will appear on the left hand side of the screen.
Click the "Add New Accounts" button to add a sub-account. Each sub-account can be named so that it is easier to remember what the funds stored in it are going to be used for. It is possible to create multiple sub-accounts using the "Add New Account" button.
References
- US.HSBC.com. "A first step to building your financial future: HSBC Everyday Savings." Accessed April 23, 2020.
- US. HSBC.com. "Competitive savings rates for the financial self-starters: HSBC Advance Savings." Accessed April 23, 2020.
- US.HSBC.com. "Banking Deposit Rates." Accessed April 23, 2020.
- US.HSBC.com. "Exclusive, high-yield savings account rates for Premier clients: HSBC Premier Savings." Accessed April 23, 2020.
- US.HSBC.com. "HSBC Direct Savings: Reach your goals faster with an online savings account." Accessed Nov 3, 2020.
- US.HSBC.com. "HSBC Basic Banking: Ideal when you write only a few checks a month." Accessed April 23, 2020.
- US.HSBC.com. "HSBC Select Credit: Summary of Terms: Important Information." Accessed April 23, 2020.
- US.HSBC.com. "HSBC Choice Checking: Simple everyday banking with personalized support." Accessed April 23, 2020.
- US.HSBC.com. "Score up to $2,000 for sharing a good thing." Accessed April 23, 2020.
- US.HSBC.com. "Turn everyday banking into a rewarding relationship: HSBC Advance Checking." Accessed April 23, 2020.
- US.HSBC.com. "HSBC Premier Checking: Make the most of life, no matter where you are or where you’re going." Accessed April 23, 2020.
- US.HSBC.com. "HSBC Direct Checking: The online convenience you need with the security you expect." Accessed April 23, 2020.
- HSBCDirect.com. "HSBC Direct CDs: Lock in your interest rate and start saving for your next adventure with returns you can rely on." Accessed April 23, 2020.
- US.HSBC.com. "HSBC Certificates of Deposit (CDs): Reach your savings goals with a CD that locks in an APY for steady earnings." Accessed April 23, 2020.
- US.HSBC.com. "HSBC Credit Cards: Get rewarded for doing the things you love." Accessed April 23, 2020.
- US.HSBC.com. "Customer Service: We are here to help you." Accessed April 23, 2020.
- US.HSBC.com. "HSBC Mobile Banking App: Faster, simpler and more secure – and we’re adding new features all the time." Accessed April 23, 2020.
Warnings
- A Taiwan dollar savings account with HSBC is required in order to take advantage of the sub-account service.
Writer Bio
Luther Blissett has written for a variety of online publications, blogs and newspapers on topics ranging from technology to politics. He runs his own small business. Blissett holds a B.A. in history and a J.D.