hsbc travel insurance with account

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Insurance Aspects

Existing HSBC Insurance Aspects customers

HSBC Insurance Aspects is currently not available for new customers to purchase. This information is for HSBC Advance customers who already hold an Insurance Aspects policy for:

• worldwide travel insurance (for eligible customers aged under 70)

24-hour motor breakdown assistance

• mobile phone insurance

If you already have an Insurance Aspects policy with us, find out how you can make a claim.

Worldwide travel insurance

Your worldwide travel insurance includes:

Baggage cover for loss, theft or damage to your personal belongings.

Up to £10 million of medical cover for emergency medical treatment and associated expenses.

Cover if you miss your pre-booked transport or your pre-booked transport is delayed for at least 12 hours.

• Up to £5,000 of cover for cancelling or coming home early - refund of unrecoverable travel and accommodation costs if you're forced to cancel or cut short your trip. Includes cover for if your transport or accommodation provider or booking agent becomes insolvent or you can't travel or continue your trip because of a terrorist attack.

Up to 31 days of winter sports cover for loss, theft or damage to winter sports equipment. Also includes additional benefits for delays due to avalanche, ski pack, piste closures or injury or illness which prevents you from taking part in winter sports activities.

Add optional upgrades for extended trip duration and increased cancellation cover.

You must be registered with a doctor in the UK in order to make any medical claims, or claims for cancellation or coming home early due to medical emergencies.

Worldwide travel insurance is provided by Aviva Insurance Limited. If you need to prove you have Travel Insurance, you can  ask Aviva for confirmation of cover .

Coronavirus advice

For the latest coronavirus travel guidance, see  what’s covered under HSBC Travel Insurance .

Declaring medical conditions before travelling 

You'll need to call the HSBC Medical Risk Assessment helpline on 08000 517 142 before booking a trip if, in the 12 months before making the booking or opening your account (whichever is later), an insured person:

• has been prescribed medication, including newly-prescribed or repeat medication
• has received or is awaiting medical treatment
• has undergone or is awaiting tests or investigations
• has been referred to or is under the care of a specialist or consultant
• has been admitted to hospital or had surgery

You must also tell Aviva if:

• any of the above happens for a condition you've already declared
• there are any changes to prescribed medication
• any of the conditions deteriorate

You should also tell Aviva after booking a trip but before you travel if:

• an insured person is referred to a specialist or consultant or admitted to hospital because of a new condition or symptom, or a previously accepted condition
• there's been any deterioration in an accepted condition you've already told us about
• there's been a change in prescribed medication for an accepted condition you've already told us about

There's no cover where, at the time of opening your account or booking a trip (whichever is later), the insured person knew that their travel plans could reasonably be expected to be affected by the illness, injury or quarantine of:

• a travelling companion
• a person the insured was going to stay with
• a close relative
• a business colleague 

Existing conditions are not covered at any time under this policy unless either of these applies:

• The insured person only has conditions included in the list of accepted conditions in the policy terms and conditions.
• You’ve told Aviva about them and they’ve agreed in writing to provide cover.

Travel policy documents 

Your Travel Policy Document (PDF, 519KB)

Insurance Product Information Document for customers aged under 70 (PDF, 853.9KB)

Do I need to notify you to use my HSBC UK debit or credit card outside the UK? 

No, you no longer need to notify us before you travel. To find out more about managing your money whilst you travel, see  using your card abroad .

Mobile phone insurance

Your mobile phone insurance is for contract and pay-as-you-go phones you own. It includes:

• Worldwide cover for your mobile phone against loss, theft, breakdown (outside of warranty) or accidental damage. 
• no upper claim value limit
• excess payable of £50 for repair, £75 for replacement.
• Up to 2 claims per HSBC Insurance Aspects holder per policy year.
• Claims are settled by repairing or replacing the phone. Replacement phones are refurbished models.

Mobile phone insurance is underwritten by Aviva Insurance Limited. While Aviva will be the insurer of this policy and will remain liable to you under the terms and conditions of this policy, it will use Likewize as its agent to help administer your policy and deal with claims.

Register your mobile phone 

Your mobile phone is automatically covered. However we recommend you register your mobile phone in advance to make the process of making a claim easier.

You can register your phone online  or call  0800 001 4278 .

Lines are open: Monday to Friday from 08:00 to 20:00

Saturday, Sunday and public holidays: 08:00 to 18:00

Mobile phone policy documents 

Your Mobile Phone Insurance Policy Document (PDF, 166KB)

Insurance Product Information Document for customers aged under 70 (PDF, 853.9KB

Insurance Product Information Document for customers aged over 70 (PDF, 347.2KB)

Your motor breakdown assistance includes:

• Cover for you as a driver or passenger of any eligible vehicle for breakdowns which occur at your home address or on the road in the UK.
• Up to 5 call outs per year per account holder.
• In some circumstances you may need to pay for a service that is covered under your policy yourself, such as a taxi, and claim this back from the RAC as stated in your policy terms and conditions. To do so, please submit the RAC Reimbursement form within 90 days of your breakdown.

HSBC Insurance Aspects Motor Breakdown Assistance is provided by RAC Motoring Services and administered by Aviva Insurance Limited.

Motor breakdown policy documents 

Your Motor Breakdown Policy Document (PDF, 898.9KB)

RAC Reimbursement form (PDF, 142KB)

How to make a claim

For details of how and when to make a claim, please visit our  Insurance Aspects claim  page.

Things to know

To remain eligible for Insurance Aspects you must:

• hold and pay the monthly fee from your HSBC Advance Account
• be a UK resident
• HSBC Insurance Aspects Terms and Conditions (PDF, 497.8KB) HSBC Insurance Aspects Terms and Conditions (PDF, 497.8KB) Download

HSBC Insurance Aspects fee

With effect from 31 May 2019 the HSBC Insurance Aspects fee is:

• £11.95 per month
• £5.95 per month if all policy holders are aged 70 or above (does not include travel insurance)

This fee will be taken from your HSBC Advance Bank Account.

Cancelling your policy

If you decide to cancel your HSBC Insurance Aspects policy it will not be possible to reinstate this in the future.

If you close your HSBC Advance Bank Account from which the monthly fee is paid, we will automatically close your HSBC Insurance Aspects policy at the same time.

If you tell us that you are moving outside of the UK, Channel Islands or Isle of Man, we will close your HSBC Insurance Aspects policy from your date of departure.

Frequently asked questions

Who's covered by this policy .

Cover is for you, the HSBC Insurance Aspects holder(s), your domestic partner (providing you are both under 70 years of age at the start date of your trip), and dependent children under 23 years of age, if they're travelling with you or to stay with a close relative. All insured persons must be residents of the UK, Channel Islands or Isle of Man.

Can I extend the trip duration? 

You may be able to purchase a policy upgrade for an individual trip to extend the duration up to a maximum of 120 days. Please call Aviva on  0800 328 1563  at the point of booking your trip, and one of their advisers will be happy to assist you.

Are holidays in the UK covered? 

Yes. Holidays in the UK, Channel Islands or Isle of Man that involve a stay of at least 2 consecutive nights are covered.

They must also have either of the following:

• pre-booked holiday accommodation in commercially-run premises
• pre-paid bookings on public transport, including flights and ferries

Please see our definition of ‘pre-booked holiday accommodation’ in your policy document.

Are business trips covered? 

Yes, if you travel outside the UK to carry out non-manual work such as administrative tasks, meetings and conferences, you're covered.

Am I covered if I go on a cruise? 

Although this is not a specific cruise policy, cruises are covered as standard as they're simply a type of holiday. However, there is no cover for some things that special cruise policies may cover, for example, missed port, unused excursion and change of itinerary cover.

What is covered by my mobile phone insurance policy? 

Mobile phone insurance covers phones you own (including phone contracts where you will become the owner at the end of the contract, or where you are contractually responsible for any damage to the phone) for accidental damage, breakdown (outside of warranty), loss and theft.

Do I need to register my mobile phone? 

Your mobile phone is automatically covered. However, we recommend you register your mobile phone in advance to make the process of making a claim easier.

Are accessories covered by my mobile phone insurance policy? 

The battery and charger are covered if they are lost, damaged or stolen in the same incident but no other accessories are covered by this insurance.

How long am I covered for? 

You're covered by mobile phone insurance from the date you became an HSBC Insurance Aspects holder, or 1 November 2018, whichever is later until the policy is cancelled/terminated or you stop paying the account fee.

Who is covered by my mobile phone insurance policy? 

Your policy covers you (the policyholder), any joint account holder and anyone temporarily using the phone with your permission.

What if I'm abroad and my mobile phone is lost or stolen? 

Cover applies worldwide, but we can only arrange a replacement phone when you're back in the UK (or the Channel Islands or the Isle of Man if you're resident there).

Motor breakdown insurance

Will you come out if i'm the passenger rather than the driver .

Yes, with HSBC motor breakdown assistance, cover is personal to the HSBC Insurance Aspects holder and so you're covered whether you're the driver or passenger of an eligible vehicle. However, please remember that the HSBC Insurance Aspects holder must be with the vehicle when the incident occurred and when assistance arrives otherwise assistance may not be provided.

How many times can I breakdown? 

You can call us out up to 5 times per year per account holder.

How soon will I be covered once I take up HSBC Insurance Aspects? 

Your cover starts as soon as you are an HSBC Insurance Aspects holder or 1 November 2018 whichever is later. However, breakdowns that occur before you take up HSBC Insurance Aspects are not covered.

Who's covered? 

Anyone named as an HSBC Insurance Aspects holder is covered for Motor Breakdown Assistance.

Who provides the cover? 

Cover is provided by RAC Motoring Services and administered by Aviva Insurance Limited.

What number do I call if I breakdown? 

Contact the callout helpline number for assistance as soon as you can on  08000 014 279  or  01603 606 377 .

Why do I need identification? 

Cover is restricted to HSBC Insurance Aspects holders, and so to ensure that you are able to have assistance, it may be necessary to confirm that you are the policyholder.

Explore more

See all insurance options, what to consider when buying insurance, how to make an insurance claim, customer support.

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• Premier Worldwide Travel Insurance

• What's covered
• What you should know before you travel
• Making a claim

As part of your HSBC Premier experience, you enjoy the benefit of Premier Worldwide Travel Insurance at no extra cost.

Our cover gives you, your partner, dependent children and grandchildren under 23 years of age worldwide protection.

Premier Worldwide Travel Insurance is underwritten by Aviva Insurance Limited. Policy terms and conditions apply.

Please note: holidays taken solely in the UK, Channel Islands or Isle of Man are covered if they include at least two consecutive nights away from home and either pre-booked accommodation or prepaid public transport.

• Guidance and FAQs on Novel Coronavirus (COVID-19)  
• Guidance and FAQs on travel bookings with Flybe  

Eligibility requirements

Please ensure you can answer YES to the following questions:

• do you hold an HSBC Premier account?
• are you under 70 years of age when you open your HSBC Premier account or when your trip starts? Note: When you reach 70, you will no longer be covered by HSBC Premier Travel Insurance.
• are you a resident of the Channel Islands or Isle of Man?
• are you going to start and finish your trip in the UK, the Channel Islands or the Isle of Man?
• are any dependent children* under 23 years of age at the start date of the trip?
• are any grandchildren* under 23 years of age at the start date of the trip? 

*Children are only covered when travelling with you or your partner, or travelling with close relatives who are over 23 years of age, or travelling independently on a school/college trip with teachers/lecturers. Grandchildren are only covered when travelling with you or your partner.

Medical Conditions: 

To make a medical claim you must be registered with a doctor in the UK, Channel Islands or Isle of Man. 

You will need to call the HSBC Medical Risk Assessment Helpline on 0800 051 7457 before booking your trip if you or any insured person in the last 12 months has:

• been prescribed medication; 
• received or are awaiting medical treatment, tests or investigations; 
• been referred to a specialist, or admitted to hospital for any condition not listed on the accepted conditions list

All pre-existing medical conditions must be on the Accepted conditions list in your Policy Wording to be covered, otherwise they must be disclosed to and accepted in writing by the insurer.

1  Unexpected costs - significant or unusual exclusions

• any event, incident, or circumstance if, at the time you opened your account or booked a trip (whichever is later), you knew or could reasonably be expected to have known that travel disruption could impact travel plans
• any claim where the insured person hadn't allowed enough time, or done everything they reasonably could, to get to their departure point for the time shown on their itinerary
• any costs for running out of medication because the insured person hadn’t taken enough with them to cover their time away

2  Your belongings - significant or unusual exclusions

• belongings, valuables and money deliberately left somewhere that is not in the insured person's full view, with someone they know, or their travel provider
• valuables or money which is not kept in the insured person’s hand luggage while they're travelling
• theft from a vehicle or caravan unless it was broken into and the valuables or money were left in an enclosed storage compartment
• hired sports equipment

3  Winter sports - significant or unusual exclusions

• equipment deliberately left somewhere that is not in an insured person’s full view, with someone they know, or with their travel provider
• loss or theft from motor vehicles

Things you should know

Please take time to read the following:

• Privacy Notice  
• HSBC Premier Worldwide Travel Insurance Policy Wording (PDF) HSBC Premier Worldwide Travel Insurance Policy Wording (PDF) HSBC Premier Worldwide Travel Insurance Policy Wording (PDF) Download

Should you need a letter to confirm you have Travel Insurance in place, you can request it online from Aviva here .

What's not covered

• all pre-existing medical conditions must be on the Accepted conditions list in your Policy Wording to be covered, otherwise they must be disclosed to and accepted in writing by the insurer
• any sports activities which are shown as excluded in the policy document
• if you are aged 70 or over
• any event, incident or circumstance which had already happened, or was going to happen, at the time you opened your account or booked your trip (whichever is later) – and could reasonably be expected to affect your travel plans
• winter sports beyond the 31 days per calendar year limit
• business trips in connection with an insured person's job where the trip involves manual or physical work of any kind, working with children, providing healthcare, policing, security or military service or an insured person's role as a politician, religious leader, professional entertainer or sportsperson
• claims for death, injury, illness or disability are not covered if they result from the misuse of alcohol or drugs

Please note, all trips must begin and end in the UK, the Channel Islands or the Isle of Man.

Contact the relevant helpline number for assistance as soon as you can, quoting your policy number if possible.

In case of medical emergency please call (+44) 1603 605 135 from abroad or 0800 051 7458 within UK, Channel Islands or Isle of Man.

Lines are open 24 hours a day, 365 days a year. Calls may be monitored or recorded.

Travel Claims

If your claim does not require urgent medical attention you can contact aviva and make a claim online or by calling:.

0800 051 7459 Lines open 24 hours a day Calls may be monitored or recorded

Customer services  

03456 00 61 61 Lines open 24 hours a day Calls may be monitored or recorded

Medical assessment  

0800 051 7457 Lines open 8am to 9pm Monday to Sunday (closed Christmas Day, Boxing Day and New Years Day) Calls may be monitored or recorded

Premier Worldwide Travel Insurance 

What's covered , what you should know before you travel , making a claim , customer support.

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Travel insurance

Important reminder about travel insurance Please remember that your free travel insurance benefit only applies if you make part or full payment for your transportation and/or accommodation costs with your HSBC card. Remember to carefully check the limits and exclusions of your policy immediately before your date of travel to determine if the cover offered is adequate for you or your family’s purposes. More information about applicable benefits can be found in the  insurer's documentation .

Free travel insurance for you and your loved ones

Travelling away from home without travel insurance puts you at risk of a number of situations. Needing medical treatment for illness, cancelled trips and other financial emergencies can turn your dream holiday into an overseas nightmare.

If you're a Premier or Advance customer, HSBC offers you free travel insurance. All you need to do is settle full or part payment of your flight, marine transport service and/or accommodation with a valid HSBC Premier/Advance debit or credit card.

Eligible accounts

What’s included.

Cover applies to you (the HSBC Premier or Advance customer) and your eligible family members* provided you are under 76 years of age for a maximum period of 90 days (HSBC Premier customer) or 60 days (HSBC Advance customer) per trip.

• free multi-trip worldwide cover
• personal accidents cover for unexpected injuries or fatal accidents
• medical expenses cover for medical treatment including hospital stays
• 24-hour emergency assistance for help when you need it most
• personal belongings cover for accidental loss, damage or theft of possessions
• travel cancellation and delay cover for when your holiday plans are disrupted
• personal liability cover for injury to someone else or damage to their property
• hire vehicle excess cover for Premier customers

A printable summary of the table of benefits highlighting your limits and excess can be found in our Important Documents page .

As with all insurance policies, terms and conditions, exclusions and limitations apply, so before each trip we recommend that you check carefully the policy documentation.

If you require additional cover, you are requested to contact Mediterranean Insurance Brokers (Malta) Ltd.

*Eligible members include partners living at the same address, as well as children living with you, under the age of 18 or under 25 if in full-time education.

Any questions

Policy queries.

Mediterranean Insurance Brokers

+356 2343 3234

Monday to Friday 08:30 - 17:00

Email Mediterranean Insurance Brokers

Premier customers

Premier Direct

+356 2148 9100

24 hours a day, 7 days a week

Advance customers

Advance dedicated line

+356 2148 9101

Monday to Saturday 08:00 - 18:00

In case of a medical emergency

In the event of a medical emergency during your trip, you must contact Global Response as soon as possible. Global Response is a world-wide organisation specialising in emergency assistance services. The service operates 24/7, 365 days a year for advice and assistance when making arrangements for hospital admission, repatriation and authorisation of medical expenses.

Over the phone:  +44 (0) 292 066 2438

By email:   [email protected]

Premier customers should quote Atlas Policy Certificate number - Travel: 167064 299 002

Advance customers should quote Atlas Policy Certificate number ­- Travel: 167064 299 001

How to make a claim

By phone.

+ 356 2343 3234

Monday to Friday from 08:30 to 17:00

Zentrum Business Centre

Level 2, Triq l-Imdina

Ħal Qormi, QRM 9010

This insurance is provided by Atlas Insurance PCC Limited and administered by Mediterranean Insurance Brokers (Malta) Ltd. A list of necessary information and documents required when making a claim can be found in our Important Documents page .

Important documents

You can download all the documents relating to our travel insurance, including terms and conditions, as well as information about what's covered and how to claim from our Important Documents page .

Frequently Asked Questions

Can i buy extra cover for a trip .

Yes, you can arrange additional cover for a trip at your own cost.

These optional extensions are available:

• Increased limit for rental vehicle excess (free up to €500 for Premier customers and can be bought separately by Advance customers)
• Winter sports extension
• Specified items extension
• Increase in baggage limit for cruises
• Cancellation of trip (extreme weather conditions)
• Maximum duration of trip extension
• Covid-19 extension
• Optional extension providing coverage for specific sailing trips

To discuss your needs and obtain a quotation, contact Mediterranean Insurance Brokers on +356 2343 3234 or email  [email protected]

How long will I be covered for? 

If you're a Premier customer you'll be covered for a single trip of up to 90 days; it's 60 days for Advance customers.

Am I covered for business trips? 

Yes, the insurance covers both holidays and business travel.

Are eligible members travelling without being accompanied by the main cardholder still covered?  

They are covered irrespective of whether travelling with the cardholder or not.

Eligible members include partners living at the same address, as well as children living with you, under the age of 18 or under 25 if in full-time education.

What information do I need when making a claim? 

When making a claim it is important that you provide the necessary information and documents required, to enable Mediterranean Insurance Brokers to proceed with the handling of your claim. These may differ from one benefit to the other, however as a minimum the following documentation will be required:

• Completed claim form
• Passport Copy
• Copy of ID card of Main Card Holder
• Flight Tickets or e-tickets (departure and arrival)
• Luggage Tags

Depending on the claim being made, additional documentation may be required such as:

• Damage report by Airline/Cruise Line (Property Irregularity Report) if claiming for damaged luggage
• Police report for lost or stolen items, within 24 hours of discovery
• Medical Report/s (if claiming any medical expenses or cancellation of travel)
• Hotel Accommodation Vouchers
• Flight & Accommodation invoices & Receipts;
• Documentation to confirm reason/s for cancellation or curtailment;
• Cancellation confirmation from Airline / Agent indicating any refund due (if any);
• Evidence of money taken abroad – this may take the form of foreign exchange receipts or cash withdrawals in case of Euros.

For further guidance contact Mediterranean Insurance Brokers on +356 2343 3234 or email   [email protected]

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TravelSurance

Travel confidently with comprehensive coverage

TravelSurance protects you, your family, friends and relatives from the moment you book a trip all the way until you return home. This all-in-one policy provides you with a hassle-free protection for a specific trip, including accidental injuries, medical and hospital expenses, personal liabilities, lost baggage and cash, delayed flights, stolen belongings, etc.

If you are a frequent traveller, you can be protected under our MultiTrip TravelSurance. It provides covers for all the trips you may take during the year so you don’t have to re-apply every time you travel. In addition to Worldwide coverage, if your destination is within the Greater Bay Area, then our MultiTrip TravelSurance - Greater Bay Area Plan is tailored for you, ensuring you have the right protection while exploring this exciting area all year round, at an even more affordable price.

Should you have any queries about TravelSurance cover under Coronavirus Disease 2019 , please see our FAQs

Key benefits

Covered for emergencies

Comprehensive cover, including personal accidents up to HKD2 million, and medical expenses up to HKD5 million 

Designated loss coverage

Cover designated loss such as adverse weather conditions, strike, terrorism or natural disasters 

Covers all ages with full benefits

All insured persons, including any children, will enjoy the full benefits 

Coverage for your mobile

Get up to HKD6,000 coverage for your mobile phone 

Limited time offer

Apply for TravelSurance between 23 June and 30 August 2024 (both days inclusive) to get:

• a chance to win HKD8,000 worth Klook Gift Card for annual MultiTrip TravelSurance. Enjoy 30% off on first-year’s premium and 20% renewal discount for Greater Bay Area plan, plus 30% off on first-year’s premium for MultiTrip Worldwide plan;
• 15% off for Single Trip TravelSurance and a chance to win HKD3,000 worth Klook Gift Card (which is only applicable to Asia Standard Plan or Worldwide Standard Plan)

T&Cs apply .

Compare HSBC TravelSurance Plans

Check out the  full coverage details . Enjoy extra benefits if you choose the Annual MultiTrip TravelSurance Worldwide Plan:

• Year-round protection with one-off premium payment for unlimited number of trips per year, up to 100 days per trip.
• Experience the convenience with e-Policy servicing which provides you with 24-hour online access to your insurance policy details and allows you to submit policy service requests without hassle.
• If you travel to mainland China frequently, enjoy hospital admission deposit guarantee at designated hospitals in mainland China with a China Medical Card option under your Annual MultiTrip policy.
• MyDoc Health Passport provides you 6 free-of-charge virtual medical consultations per Period of Insurance. Additionally, enjoy prescribed medication and door-to-door medicine delivery service, where the expense could be reimbursed under the Medical Expenses benefit of your policy, when you are travelling to select cities in Japan, Singapore, Thailand and Vietnam.

The Annual Greater Bay Area Plan has the following features:

• Year-round protection with one-off premium payment for unlimited number of trips per year, up to 15 days per trip.
• Free China Medical Card offers you hospital admission deposit guarantee at designated hospitals in mainland China.

The coverage shown above is applicable to TravelSurance policies applied on or after 23 June 2024. For coverage of policies applied before 23 June 2024, please call our insurance service hotline (852) 2867 8678 .

What's included?

Our plans generally cover:

We'll reimburse the necessary medical expenses incurred during a trip and follow up medical expenses within 3 months after return to the Hong Kong SAR up to HKD5 million. For the Greater Bay Area Plan, medical expense benefit is applicable for in-patient only.

We'll also cover additional travel and accommodation costs for your children if they have to travel back to Hong Kong SAR while you stay in hospital (not applicable for Greater Bay Area Plan).

Sports and Activities [@sportsactivitiestravelsurance]

We provide cover for various sports and activities, including dune driving, sand boarding, safari adventures, whale tours, hot springs, horse riding, cable cars, iceberg climbing, watching auto racing, water sports, skiing, ice-skating, biking, thrill rides at amusement parks etc.

TravelSurance even covers certain hazardous sports activities such as hot air ballooning, bungee jumping, hang-gliding, parachuting, ziplining, rafting, speed-boating, jet-skiing, trekking, water skiing, wakeboarding, wake-surfing, sea kayaking, scuba diving (that is diving to a depth not greater than 40 metres), mountaineering, rock-climbing etc.

You'll receive cover for baggage loss or damage up to HKD20,000. We'll reimburse emergency purchases of essential items or clothing up to HKD2,000 if baggage is delayed for more than 6 hours after you've arrived at your destination abroad (not applicable for Greater Bay Area Plan).

Expand 

Travel delays and cost of catch-up tickets.

We'll pay up to HKD2,500 if your scheduled transportation is delayed for 6 hours or more. For the Greater Bay Area Plan, we’ll pay up to HKD950 if your scheduled high-speed rail is delayed for more than 3 hours or more.

If you choose to buy Standard Plan, you have the option of buying another one-way travel ticket to catch up with the planned itinerary and may get reimbursed up to HKD4,000.

HSBC credit card protection

In the event of death of the insured person caused by an accident outside the Hong Kong SAR, any outstanding balance payable under the insured person’s HSBC credit cards up to HKD50,000 for items charged while outside the Hong Kong SAR during the trip will be covered.

Funeral expenses

In the unlikely event that a fatal incident occurs while you are travelling, we will pay the reasonable funeral expenses (other than the burial or cremation charges) outside Hong Kong SAR up to HKD100,000 (not applicable for Greater Bay Area Plan).

What's NOT included?

Our plans generally do not cover:

• riot, civil commotion, war, invasion, civil war and related perils 
• suicide, self-inflicted injury, illegal acts, insanity, drugs-taking, alcoholism, venereal disease, AIDs
• any pre-existing conditions, including congenital conditions
• childbirth, pregnancy, miscarriage
• engaging in:

- any sports or activities which are played in professional capacity or in competition involving prize money or reward of any kind 

- deep water diving (that is diving to a depth of greater than 40 metres)

- motor rallies

- aviation other than as a fare-paying passenger

• manual work or hazardous work (eg involving the use of mechanical and/or electrical equipment or handling of explosive or hazardous substances, etc.)
• property more specifically insured 
• claims where no written notification is given to AXA General Insurance Hong Kong Limited within 31 days after end of the trip

For a full list of exclusions and terms and conditions, please refer to our policy wordings .

How to apply

Eligibility.

To be able to apply you must:

• be an HSBC bank account or credit card holder
• be an HKSAR resident and applying for this insurance policy in the HKSAR
• depart from and return to the HKSAR from your insured destination
• hold an HKID card for online applications
• for child under 18 years old, the parent or legal guardian[@legalguardiantravelsurance] information of the child must be provided during the application
• children aged under 12 years old must be accompanied by an adult during the trip
• provide information of any spouse/partner[@partnerdefinition], children, relatives and friends if you wish to insure them under the same policy

Important Information 

•   TravelSurance Declaration, Terms and Conditions TravelSurance Declaration, Terms and Conditions Modal
•   Fees & Charges Fees & Charges Modal
•   Forms and documents Forms and documents Modal
•   Important Information Important Information Modal
• TravelSurance Product Factsheet TravelSurance Product Factsheet Download
• TravelSurance policy document TravelSurance policy document Download
•   Frequently asked questions (FAQs) Frequently asked questions (FAQs) Modal
•   Find a branch Find a branch Modal

HSBC customers can apply for a TravelSurance policy online

Or visit a branch

You can visit one of our branches to find out more

Find out more

Can non-hkid holders apply for travelsurance .

Yes, non-HKID holders can apply for TravelSurance via HSBC branches, as long as the trip starts from, and returns to, the Hong Kong SAR.

Can a child aged under 18 apply for TravelSurance if they are not travelling with adult? 

If cover is required for children under 18 years old, parent’s or legal guardian’s[@legalguardiantravelsurance] information must be provided during the application process. For children aged under 12 years old, they must be accompanied by an adult during the trip.

Can I buy the TravelSurance for my friends or my friends' child(ren)? 

Yes, you can buy TravelSurance for your friends and your friends’ child(ren) who is/are under 18 years old by providing your friend’s full name, HKID number and date of birth.

If cover is required for children under 18 years old, parent’s or legal guardian’s[@legalguardiantravelsurance] information must be provided during the application process. For children under 12 years old, they must be accompanied by an adult during the trip.

In case of emergency, how can I contact AXA for assistance? 

You can call the Emergency Assistance Hotline on (852) 2528 9333 at any time for emergency medical and evacuation assistance, travel information, baggage assistance, medical referrals, legal referrals and emergency ticketing. The hotline operates in English, Cantonese and Mandarin.

How can I manage my policy in case I want to extend the covered period during my travel? 

Should you have any queries about your policy, including request to extend the covered period, you can call our insurance service hotline at (852) 2867 8678 (during office hours) or manage your policy at ease by e-Policy servicing after logging on to HSBC Online Banking if you are an HSBC Online Banking customer. This online service provides you with 24-hour access to your policy details and allows you to submit policy service requests without hassle. Please note the covered period can be extended during travelling if you give us the notice of change before the start date of the extension while the policy is still in force. However, please note any extension is subject to AXA’s approval.

What if I’m being confined in an overseas hospital but not able to speak the local language, is the interpretation service fee covered under the policy? 

In case you are confined in overseas hospital for over 24 hours due to accidental bodily injury or sickness during the trip and appoint a local translator referred by Emergency Assistance Service, a maximum of HKD500 per day subject to a HKD5,000 per trip is payable for the interpretation service.

What is the catch-up ticket benefit under in case of travel delay? 

If you are insured under Asia or Worldwide Standard Plan, in the event the common carrier in your original travel itinerary is delayed during the trip for more than 6 hours due to covered conditions and you decide to buy another one-way travel ticket to catch up with the planned itinerary, the additional and reasonable cost of the ticket replacement will be reimbursed, up to HKD2,000 for Asia Standard Plan and HKD4,000 for Worldwide Standard Plan.

Please note that cash allowance and trip re-routing benefits will not be payable if catch-up ticket benefit is paid, and vice versa.

What kind of sports and activities are covered by TravelSurance? 

TravelSurance covers various kinds of sports and activities provided that they are not played in professional capacity or in competition involving prize money or reward of any kind. For example, you are covered for dune driving, sand boarding, safari adventures, whale tours, hot springs, horse riding, cable cars, iceberg climbing, watching auto racing, water sports, skiing, ice-skating, biking, thrill rides at amusement parks etc.

TravelSurance also covers hazardous sports activities such as hot air ballooning, bungee jumping, hang-gliding, parachuting, zipline, rafting, speed-boating, jet-skiing, trekking, water skiing, wakeboarding, wakesurfing, sea kayaking, scuba-diving (that is diving to a depth not greater than 40 metres), mountaineering, rock-climbing etc.

To see what you’ll be covered for under TravelSurance, check the full list .

What extra protection can I receive if a Travel Alert is issued for the planned destination? 

Except Greater Bay Area plan, you will be protected against the issuance of the Travel Alert in the following ways, provided that no claim has been paid. Before the trip, you may:

• upon any Travel Alert, cancel your Single Trip policy and receive a full premium and levy[@insurance-travelsurance-levyrefund] refund;
• upon Red Travel Alert (except for the reason of a pandemic), be reimbursed up to 50% of the irrecoverable deposits or charges paid in advance upon cancellation of trip up to HKD50,000 for Standard Plan and HKD25,000 for Basic Plan.
• upon Black Travel Alert (except for the reason of a pandemic), be reimbursed up to 100% of the irrecoverable deposits or charges paid in advance upon cancellation of trip up to HKD50,000 for Standard Plan and HKD25,000 for Basic Plan.

During the trip, you may:

• upon any Travel Alert, have your insurance automatically extended for 10 days free if your trip is unavoidably delayed;
• upon Red Travel Alert, be reimbursed up to 50% of the unused irrecoverable prepaid costs or additional travel-related costs upon curtailment of trip for up to HKD50,000 for Standard Plan and HKD25,000 for Basic Plan.
• upon Black Travel Alert, be reimbursed up to 100% of the unused irrecoverable prepaid or additional travel-related costs upon curtailment of trip for up to HKD50,000 for Standard Plan and HKD25,000 for Basic Plan.
• upon Black Travel Alert, obtain an additional HKD1,000 allowance to subsidise any unexpected cost due to curtailment of trip or unavoidable delay of the scheduled trip.

Can I claim for medical expenses incurred during my trip for any sickness or disease? 

The policy covers medical expenses incurred provided that such sickness or disease is not in existence prior to the trip, and not caused by:

• an event of same nature mentioned in the black or red travel alert (except for the reason of COVID-19), unless the journey has been started before the issuance of such travel alerts.
• claims relating to the vaccine-preventable diseases if prior to the trip: (i) the insured person fails to obtain the related vaccine; and (ii) the vaccine is mandatorily required by the government(s) of Hong Kong SAR and/or the destination where the insured person has planned to travel.

For Greater Bay Area Plan, this benefit is only applicable for medical treatment requiring hospitalisation.

What is the virtual medical consultation service about and how can I use this? 

If you have taken out the MultiTrip Worldwide Plan, you are entitled to 6 free virtual medical consultations per period of insurance by using MyDoc Health Passport. The consultations are usually available during local doctors’ office hours. Following a virtual medical consultation, you may choose to obtain the prescribed medication and have it delivered to your doorstep as needed during specific hours; however, this will incur charges which you will need to pay first and may then claim in accordance with your policy if eligible.

The virtual medical consultation is currently available in Tokyo, Osaka, Hokkaido and Fukuoka for Japan, and countrywide for Singapore, Thailand and Vietnam.

You will receive a confirmation email with a step-by-step guide on how to use the virtual medical consultation service.

Please note the above details are subject to change without prior notice.

Is an epidemic/ pandemic considered as a natural disaster? 

Natural Disaster does not include epidemic or pandemic.

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Safeguard yourself against unexpected medical expenses and critical illnesses. 

Disclaimer 

General Insurance products are applicable to HSBC Account holders and HSBC credit card holders only.

The above information is intended as a general summary. Please refer to the policy wording for exact terms and conditions and details of the exclusions.

The above policy is underwritten by  AXA General Insurance Hong Kong Limited ("AXA"),  which is authorised and regulated by the Insurance Authority of the Hong Kong SAR. AXA will be responsible for providing your insurance coverage and handling claims under your policy. The Hongkong and Shanghai Banking Corporation Limited is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agent of AXA for distribution of general insurance products in the Hong Kong SAR. General insurance plans are products of AXA but not HSBC.

For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction by HSBC, HSBC will enter into a Financial Dispute Resolution Scheme process with you. On the other hand, for any disputes over the terms and conditions of your policy, AXA will resolve with you directly.

Anti-fraud measures

A new safety measure is coming to the Android version of the HSBC Malaysia Mobile Banking app. To protect yourself, don't visit unknown links or download apps from unknown sources. Don't share your credentials, account details or authentication codes with unknown websites or apps either. Learn more

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Travel Care

Go on a totally fuss-free, carefree holiday with travel care.

Not all who wander are lost, but your luggage certainly could go missing. That's just one of the unexpected events that could put a dampener on your travel plans - there might also be flight delays, accidents or lost passports to contend with.

Travel Care provides a comprehensive suite of coverage and Allianz's Authorised Representative's emergency hotline (+603-76283919 or +603-79653919) is available 24 hours a day to support you through any emergency you might face, so you and your loved ones can have a stress-free trip filled with beautiful memories.

Stand to receive a Touch 'n Go eWallet Reload PIN worth up to RM50

Be one of the first 200 customers to purchase travel care with the promo code 'hsbc23' and get a touch ‘n go ewallet reload pin worth up to rm50. promotion period 27 november 2023 - 31 july 2024., ¹allianz travel care ("this plan") is underwritten by allianz general insurance company (malaysia) berhad (company no. 200601015674 (735426-v)) ("allianz general") and hsbc bank malaysia berhad ("hsbc malaysia") is the intermediary in distributing this plan. travel care customer campaign promotion  terms & conditions  apply..

• Overseas and domestic travel coverage This includes coverage for luggage and travel delays, and for overseas travel, the coverage also includes loss or damage to your travel documents, personal luggage and valuables, and more
• Accidental death and permanent disability coverage
• Emergency medical evacuation and repatriation programme
• Reimbursement of medical expenses We'll reimburse the necessary and reasonable medical, surgical or hospital charges, and emergency dental treatment fees incurred as a result of accidental bodily injuries, illness or death during your trip
• Option to purchase rider plans to extend your coverage when you participate in certain sports or events during your travels

What your coverage includes

What you need to know, are you eligible.

You're eligible for a Travel Care plan if you belong to one of the following categories:

• Malaysian citizen or permanent resident
• valid work permit or student pass holder
• legally employed in Malaysia

You'll also be able to get coverage for your spouse and child if they legally reside in Malaysia.

Good to know

Emergency contact information .

If there's an emergency when you're travelling, you can call the Allianz 24-hour emergency hotline on +60 3 7628 3919. Toll fees may apply.

Cover for COVID-19 

Travel Care covers medical expenses for COVID-19 treatment, subject to policy terms and conditions. Your diagnosis must be certified by a medical practitioner, and you'll also need to provide a supporting lab report or medical report that states your diagnosis. 

Cover for high-altitude mountaineering 

You can get cover for high altitude mountaineering by contacting Allianz via email on  [email protected] , or by calling 1300 22 5542.

What options for Travel Care plans are available?

The following plans are available:

• Adult Plan/Adult Annual Plan: if you're aged 18-70 years old
• Child Plan/Child Annual Plan: if you're aged 30 days-17 years old
• Senior Citizen Plan: if you're aged 71-80 years old
• Family Plan: if the policyholder is aged 18-70 years old, the policyholder's 1 selected legal spouse is aged 18-70 years old and the policyholder's child/children is/are aged 30 days-24 years old
• Under family plan, the payment per individual will be based on the limit under an adult plan and/or child plan, as the case may be subject to the maximum limit as stated in the Schedule of Benefits in the brochure and policy document.
• Maximum period of coverage per journey/trip is 200 days for one way or return trip.
• Maximum period of coverage per journey/trip is 90 days for annual policy.
• Maximum period of coverage per journey/trip for High Altitude Mountaineering activities is 30 days.
• Each trip must begin and end in Malaysia except for one way trip.
• Maximum period of coverage per journey/trip is 30 days for one way/return trip or annual policy.
• Premium is subject to Service Tax.
• Customer may opt for Automatic Renewal (for annual policy only). This policy is deemed to be automatically renewed and the applicable premium will be charged upon expiry unless otherwise instructed.

For other key terms and conditions, please refer to the Product Disclosure Sheet in the link below.

Ready to apply for Travel Care?

Get a quote via mobile banking or online banking.

If you have an HSBC debit or credit card, you can apply via our mobile banking app or through online banking. Go to the homepage, select 'Products and services', and choose 'Travel Care'. We'll help you apply by filling in information from your records.

Get a quote without logging on

If you have an HSBC debit or credit card, you can also get a quote without logging on to mobile banking.

Scan the QR code to get the app

Download the HSBC Malaysia Mobile Banking app on your iOS or Android device.

• Learn more about mobile banking  

Need help? Check out our  step by step mobile guide .

Your insurance details in your hand

You can access your insurance policy details instantly via mobile banking. Simply go to 'Your insurance overview' in the HSBC Malaysia Mobile Banking app.

Important Information

• For after-sales service, you can contact Allianz by [email protected] or on 1300 22 5542 .
• You may find out more about our coverage by visiting your nearest Allianz branch.

The information provided on this page is not a contract of insurance. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the policy document. Allianz Travel Care ("this Plan") is underwritten by Allianz General Insurance Company (Malaysia) Berhad (Company No. 200601015674 (735426-V)) ("Allianz General") and HSBC Bank Malaysia Berhad ("HSBC Malaysia") is the intermediary in distributing this Plan. This Plan is exclusively for HSBC Malaysia Credit and Debit Cardholders only. Please read and understand the Product Disclosure Sheet (PDS), Brochure and Policy Wording before signing up.

The benefits payable from this insurance product are protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to certain limits. Please refer to PIDM's TIPS Brochure, the PIDM website , or contact Allianz General Insurance Company (Malaysia) Berhad to get more information about the Takaful and Insurance Benefits Protection System(TIPS).

• Product Disclosure Sheet (PDF) Product Disclosure Sheet (PDF) Download
• Brochure (PDF) Brochure (PDF) Download
• Policy Wording (Domestic) (PDF) Policy Wording (Domestic) (PDF) Download
• Policy Wording (Overseas) (PDF) Policy Wording (Overseas) (PDF) Download
• Allianz General Insurance Company - Privacy Notice (PDF) Allianz General Insurance Company - Privacy Notice (PDF) Download

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What’s in Store for the 2024 Hurricane Season?

Hurricane Beryl set records as the earliest Category 5 storm ever. What does that mean for the rest of hurricane season? Here’s what travelers need to know.

By Christopher Kuo

When Hurricane Beryl intensified into a Category 5 storm last week, it broke records and left a trail of damage across the Caribbean . The first named hurricane of the season, Beryl is the earliest Category 5 Atlantic hurricane ever recorded, and also the first Category 4 hurricane to form in the Atlantic in the month of June — a portent of what experts say is a hurricane season that will be much more intense than usual. It was also abnormal because of where it formed, farther south and east than is typical for storms of this magnitude.

After tearing through the Caribbean and the Yucatán Peninsula, the storm landed in southeast Texas, canceling more than a thousand flights and cutting power for more than two million residents. The storm killed at least 15 people.

Hurricane season usually runs from June 1 to Nov. 30, with most storms developing between mid-August and mid-October. A broad swath of the Caribbean, the Gulf of Mexico and the Atlantic seaboard of the United States is affected by the storms. If you’re planning to travel during this hurricane season, here’s what you should know.

How bad will hurricane season be this year?

The National Oceanic and Atmospheric Administration has predicted an 85 percent chance of a more active than normal season. An average season has about 14 named storms, but researchers at Colorado State University forecast that this year there will be 25, including six hurricanes that are Category 3 or higher.

More hurricanes are likely to occur because of the above-average water temperatures in the Caribbean and the tropical Atlantic. These warmer waters provide fuel for hurricanes and tend to be associated with lower pressure and a more unstable atmosphere, creating an environment conducive to storms, Phil Klotzbach, a senior research scientist in the department of atmospheric science at Colorado State , wrote in an email.

It seems as if the season is off to an early start. Why?

Warmer ocean temperatures are causing the hurricane season to start earlier than usual. Normally, storms would develop later in the season once the ocean has warmed , but this year parts of the Atlantic are already at 84 degrees, 2 to 3.6 degrees Fahrenheit above normal, according to Dr. Klotzbach. These kinds of temperatures are normally associated with the peak of hurricane season in September.

It’s particularly unusual for such an intense storm like Beryl to form this early in the season: The storm reached Category 4 a week earlier than any storm had since 2005. “Usually the June and July storms are relatively benign,” said Kerry Emanuel, professor emeritus of atmospheric science at the Massachusetts Institute of Technology. “They don’t get up to full strength, so it’s very rare to have this.”

What’s significant about the location of Beryl?

Beryl set another record, for the farthest east a hurricane has formed in the month of June, breaking a record set in 1933, Jennifer Collins, a professor in the School of Geosciences at the University of South Florida , wrote in an email. It also formed farther south than usual, affecting nations such as Grenada and St. Vincent and the Grenadines that tend to be outside the maximum activity range of hurricanes, according to Dr. Emanuel.

When a storm forms in the tropics and farther east than typical — especially if it’s a severe hurricane like Beryl — it tends to be a harbinger of a very busy season, Dr. Klotzbach said. “It’s one thing to get weak systems in the deep tropics like we did in 2013, while it’s a whole different ballgame when we’re getting Category 5 hurricanes,” he added. “Unfortunately, Beryl is breaking records that were set in 1933 and 2005 — two of the busiest Atlantic hurricane seasons on record.”

Historically, the so-called ABC islands (Aruba, Bonaire and Curaçao), plus Trinidad and Tobago, have been out of the hurricane zone. Has that changed?

It’s been years since a major hurricane has affected those islands.

Experts say that is unlikely to change. “We haven’t really observed any notable changes in terms of storms tracking over that region,” Dr. Klotzbach wrote.

Should I change my summer travel plans?

Many people choose to travel to hurricane-prone areas during the season, said Jackie Friedman, the president of Nexion Travel Group , a network of travel advisers, and most don’t face disruption from storms. “I don’t know of any advisers that would say, ‘I would not go to the Caribbean at all this summer,’” she said.

Dr. Klotzbach agreed that it’s not particularly risky to travel to the Caribbean. “The odds of any one spot getting hit by a hurricane during any short time span is going to be very small,” he said.

Ms. Friedman recommends purchasing travel insurance and considering taking a cruise instead of traveling to a single destination. “The benefit is the flexibility to avoid being in the eye of the storm,” she said. “They can modify their itineraries for a relatively pleasant vacation.”

Does travel insurance cover hurricanes?

Yes, but it’s important to purchase coverage early. Once a storm is named, newly purchased plans won’t cover claims tied to it. Travel insurance is meant to protect against unpredictable situations; once a storm is named, it’s considered a “foreseeable event.” So it’s best to purchase a plan before a storm develops.

Follow New York Times Travel on Instagram and sign up for our weekly Travel Dispatch newsletter to get expert tips on traveling smarter and inspiration for your next vacation. Dreaming up a future getaway or just armchair traveling? Check out our 52 Places to Go in 2024 .

Christopher Kuo covers arts and culture as a member of the 2023-24 Times Fellowship class. More about Christopher Kuo

Explore Our Weather Coverage

Extreme Weather Maps: Track the possibility of extreme weather in the places that are important to you .

Heat Safety: Extreme heat is becoming increasingly common across the globe. We asked experts for guidance on how to stay cool .

Hurricane Preparation: When a storm is approaching, you may not have much time before you must head for safer ground. Here are some tips for getting ready .

Tornado Alerts: A tornado warning demands instant action. Here’s what to do if one comes your way .

Flash Flooding: Fast rising water can be deadly. Here’s what to do if you’re caught off guard , and how to prepare for a future flooding event.

Evacuating Pets: When disaster strikes, household pets’ lives are among the most vulnerable. You can avoid the worst by planning ahead .

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• Call 1-800-769-2511
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Frequently Asked Questions

• Post Migration Checklist
• Client Card Activation
• Credit Card Activation
• Power of Attorney
• Mortgage Prepayment Charges
• Legal Disclosures Library
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• About Your CDIC Coverage
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• Private Banking & Wealth Overview
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• Migration Checklist
• Commercial & Corporate Overview
• Personal Banking
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FAQs for Personal Banking Clients

This page will continue to be updated with additional information regarding the migration of your products and services to RBC.

• Branches / ATMs
• Client Card
• Credit Cards
• Digital Banking
• Direct Investing
• GIC & Savings
• Global View & International Money Transfers (IMT)
• Group Advantage
• Mutual Funds
• Personal Financing Products
• 1) Through your existing HSBC Bank Canada Online credentials. If you are already enrolled in HSBC Bank Canada Online Banking, you will have access to enroll in RBC Online Banking via https://www.rbc.com/hsbc-canada/enrol
• 2) If you are not currently enrolled in HSBC Bank Canada Online Banking and would like to access your accounts through digital channels at RBC, you can enrol once you receive your RBC Client Card, or your RBC client number.
• China (Mainland, not Hong Kong)
• Philippines
• Accept the HSBC updated Terms and Conditions on HSBC Online Banking.
• Accept the RBC Terms and Conditions in the ‘External Accounts’ section on RBC Online Banking and RBC Mobile Banking.
• Transfer Money to your HSBC Global View Linked Accounts: Using RBC International Money Transfer (IMT), you will be able to transfer money from your eligible RBC CAD or USD chequing account to the globally linked HSBC Accounts (exception: CAD to CAD transfers are not available)
• Send Money to others Globally: Using RBC International Money Transfer, you can also choose to send money to anyone else globally. You will be able to transfer money from your eligible RBC CAD chequing account to third parties.
• You will NOT be able to view your non-Canadian HSBC accounts in RBC Online Banking or Mobile Banking and
• You will NOT be able to view your RBC Canada account information from other HSBC locations where you have Global View.
• Send money internationally to your own Global View Linked HSBC accounts around the world and/or
• Send money internationally to anyone around the world, where permitted, whether the recipient is a client of HSBC or a client of another financial institution.

RBC International Money Transfer (IMT) can be used to send money internationally. You can:

• Send money internationally to anyone around the world, where permitted, whether the recipient is a client of HSBC or a client of another financial institution

Currently, using IMT to send money to any person across the world can only be initiated from a RBC CAD account.

• Beneficiary Transit number (Routing #)
• Beneficiary Account number (International Bank Account Numbers are called IBANs)
• Beneficiary Name
• Amount of money being sent
• Beneficiary Address (where the statement is mailed to)
• Your RBC account number (this a 12-digit account number made up of the 5-digit branch transit code and your 7-digit account number).
• RBC Royal Bank institution number: 003
• RBC Royal Bank Routing/ABA number (if funds coming from U.S.): 021000021
• RBC Royal Bank SWIFT BIC (if funds coming from international location): ROYCCAT2
• Your RBC Royal Bank branch phone number, address and transit number

• Transfer funds to and from your foreign currency account to another one of your RBC CAD or U.S. dollar Personal Deposit Accounts through RBC Online Banking and the RBC Mobile App.
• Transfer funds to and from RBC Direct Investing Foreign Currently Accounts within the same currency
• Receive and send branch wires from your Foreign Currency Account.
• Visit a branch for any cash withdrawals and deposit needs. Please note that a limited supply of currency will be available in RBC branches and an order may have to be placed for you. It will take up to 5 business days for your foreign currency to arrive.
• Deposit or withdraw at the ATM (including cheques).
• Request the issuance of drafts or personalized cheques
• Execute the following transactions: Debit Point of Sale, Cross-Border debits, bill payments, e-Transfer, Third-Party Payment, and International Money Transfers
• Request RBC Virtual Visa Debit to make online purchases
• Transfer money between two FCA accounts that differ in currency.
• HSBC’s LOCs are attached to a chequing account that operates in a similar way to overdraft protection.
• RBC will maintain connection between an LOC and the designated chequing account for you to make credit draws.
• Your RBC LOC will appear separately from the designated chequing account on statements and online banking and will have a different account number. The line of credit will appear as a Royal Credit Line, but you will not have that product as the terms and conditions of the HSBC Bank Canada Line of Credit agreement will continue to apply, subject to the information in the RBC Product Migration Guide.
• Your monthly payments will only be taken from the designated chequing account linked to line of credit. If you wish to make principal payments, you can make a deposit directly into your designated chequing account.
• Your RBC LOC and designated chequing account may operate differently from the one you had at HSBC and it will be important to understand those differences upon migration as outlined in the "Loans, Line of Credit" section of the RBC Product Migration Guide.
• RBC Mortgage;
• RBC Royal Credit Line;
• RBC Homeline Plan (HLP)
• You will not have the ability to adjust your product mix and reallocate funds without having to re-qualify.
• As you pay down your mortgage(s), the limit of any Line of Credit you have under your EPM does not automatically increase.
• You may see references to an RBC Homeline Plan and a Royal Credit Line on your monthly statements and online banking (OLB). This is for migration purposes, ensuring you can continue using your products after migration as you do now. You have not signed an RBC Homeline Plan Agreement or a Royal Credit Line Agreement. The terms of your HSBC Bank Canada mortgage and/or line of credit agreement will apply, subject to the information in the RBC Product Migration Guide.
• Do not have the ability to adjust your product mix and reallocate funds without having to re-qualify with RBC.
• The credit limit of the Line of Credit does not automatically increase as you pay down your mortgage(s).
• Will receive monthly statements for an RBC Homeline Plan that disclose an RBC Homeline Credit Limit, and a Royal Credit Line and your RBC OLB will also show an RBC Homeline Plan including Royal Credit Line. You do not have either of those products and should disregard the RBC Homeline Plan Credit Limit disclosed.
• Your interest rate on the outstanding balance of your RBC personal overdraft account will increase from 18.5% or 21% per year to 22% per year.
• At HSBC Bank Canada you pay a $5 fee when you go into overdraft on a given month. At RBC we charge a monthly overdraft fee of $5 unless you have a personal banking package that waives this fee. If this fee applies to you, RBC will waive it for a minimum of your first 12 months after your account migrates to RBC.
• You may have been making monthly payments of interest only, or an amount that includes both principal and interest at HSBC Bank Canada. When your personal overdraft accounts migrates to RBC your monthly payments will be interest only and you should be aware that monthly payments will come out of the chequing account attached to the overdraft.
• For more information relating to personal overdraft, refer to the RBC Product Migration Guide, Section 3.
• Making additional payments
• Paying Principal only
• Missing a matched payment
• RBC Online banking will continue to display ‘Making additional payment’ and ‘Paying principal only’ options. Clients will be permitted to pay principal and additional payments through online banking to a maximum of 10% of initial mortgage amount and monthly payment, respectively. If your HSBC Bank Canada mortgage allows you to pay a greater amount, please contact an RBC Advisor.
• RBC Online banking displays an option for RBC Skip- a- Payment. As HSBC Bank Canada terms for missing a payment are different than terms of RBC skip-a-payment, if you wish to exercise the HSBC Bank Canada option to miss a payment, you should contact an RBC Advisor. You should not use the self-serve functionality on RBC Online banking.
• For Mortgage Life insurance only – a partial return of premium is going to be sent to you as an offset to this increase for the first year. Your premium is based on a combination of several factors including: i. If you have a mortgage, the life insurance premium will be based on the premium rate for your age,and mortgage balance, as of the migration date ii. If you have an LOC, the life insurance premium will be based on the premium rate for your age on the date your payment is due and your average daily debit balance during the statement period.
• Please refer to the RBC Product Migration Guide – Section 3 for detailed information on the calculation of insurance premiums

Creditor Insurance

Optional Travel Insurance

• Joint RESP (joint subscribers)
• Accounts Market Linked GIC(s)
• Registered accounts holding US Dollar Mutual Fund(s)
• Registered accounts with US Dollar cash balance(s)
• Your total account holdings are > $50,000 at any time between January 1 st and June 30 th , or;
• You have initiated activity on the account between January 1 st and June 30 th .

Important Information

• As of April 1 st , if you do not have a physical credit card on hand, you can set up Apple Pay through the Apple (iOS) version of the RBC Mobile App. Go to the credit card product page and select Manage card (top right) and under services select “Add to Apple Pay”. The credit card does not need to be activated to use the card through Apple Pay.
• You will be able to complete in-store purchases, where merchants accept Apple Pay, for transactions $250 and under. You will also make online/ecommerce purchases, if the merchant accepts Apple Pay, with no transaction limit.

Using Your RBC Credit Card

• After March 18 th , 2024, please call RBC at 1-800-769-2511 to request a new card to be mailed to you. Please note, you will need to be at the temporary address until April 15 th to receive the card.
• Consider Apple Pay as a temporary option, noting this is not accepted at all merchants, see below for details. Please note, the following example is only for Apple Pay when initiating enrollment from the RBC Mobile App. Enrollment into Samsung Pay or Google Pay will require your physical card on hand.
• As of April 1 st , despite not having your credit card on hand, please go into the Apple (iOS) version of the RBC Mobile App. Go to the credit card product page and select Manage card (top right) and under services select “Add to Apple Pay”. The credit card does not need to be activated to use the card through Apple Pay.
• You will be able to make in-store purchases with Apple Pay where merchants accept Apple Pay for transactions $250 and under. You will be able to make ecommerce purchases with your card through Apple Pay if the merchant accepts Apple Pay, with no transaction limit.

Managing Your RBC Credit Card

• To pay your credit card using funds from an RBC bank account, simply transfer the funds from your RBC bank account to your RBC credit card account. Visit rbc.com/hsbc-canada for detailed instructions and tutorials on how to enrol in RBC Online Banking.
• To pay your credit card using funds from a bank account at another financial institution, you must register the RBC credit card account as a “Bill Payment” to make a payment.

If you are the primary card holder, you can add authorized user(s) to your credit card(s) through Online Banking (OLB).

While logged into OLB Open the Account Details page of the credit card the authorized user is being added to. Unfortunately, co-applicants cannot be added to any migrated credit cards.

• Market-leading travel offerings
• An innovative shopping companion, Avion Rewards ShopPlus
• Cash-back deals
• The ability to redeem Avion points for gift cards, merchandise, financial rewards, and more
• Offers from our extensive network of Avion Rewards retail partners
• It will automatically be credited to your credit card account in January of any given calendar year; or
• You can have the full amount credited to your credit card account by calling 1-800 ROYAL 1-2 any time after the migration.
• Travel tab - Go here to use your points for flights, hotels, vacation packages, car rentals and more.
• Redeem tab - Go here to use your points for anything other than travel, including: Merchandise and gift cards in the Avion Rewards catalogue, Donations to charity, RBC Financial Rewards, Convert points to partner loyalty programs, Pay with points
• Trip Cancellation
• Trip Interruption / Delay
• Baggage Delay or Loss
• Hotel/Motel Burglary
• Flight Delay
• Car Rental Insurance
• Common Carrier Accidental Death and Dismemberment
• Purchase Assurance
• Extended Warranty
• Mobile Device
• Weekly PAC instructions on your registered account, your payment date will automatically be changed to be paid out every Friday.
• Bi-weekly and semi-monthly PAC instructions on your registered account, payment date will be on the 15 th and end of the month following the migration date.
• Monthly PAC instructions on your registered account, payment date will be on the 15 th day of the month following the migration date
• For all non-registered PAC instructions, all payment amount and frequency will remain the same.
• If you have an Automatic Funds Transfer (AFT) on your Sweep Account, upon migration your weekly AFT payment will revert to the first business day of the week.
• If you receive your regular scheduled payment in either 100% Canadian or 100% U.S. dollar, there will be no change.
• If you receive a regularly scheduled payment in a combination of Canadian and U.S. dollars, this will change to Canadian dollars only upon migration. You may call RBC Direct Investing after migration to change your scheduled payment to all U.S. dollars if that is your preference.
• Download your previous HSBC InvestDirect account statements, tax documents or transactions history as you will not have immediate access to these documents upon migration.
• Export or screenshot your watchlist and alerts as these won’t be migrated to RBC Direct Investing. You can re-create them after migration.
• U.S. Licensed - Trading Line Toll-free (North America): 1-800-769-2514
• Afghanistan
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• Congo (the Democratic Republic of the)
• Guinea-Bissau
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• Korea (the Democratic People's Republic of) [North Korea]
• Russian Federation (the)
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• Syrian Arab Republic
• Venezuela (Bolivarian Republic of)
• The benefit of the RBC trading desk, where expert traders and smart technology come together.
• The power of the extensive investor resources including free real-time streaming and level 2 quotes for North American exchanges plus expert research and analysis for Canadian, U.S. and International markets.
• The convenience of connecting with RBC Direct Investing representatives who can support your trading needs either in person at Investor Centres or via the phone through the Contact Centre.
• Hong Kong Dollars, British Pounds and Euros over the daily limit noted above. There is no charge for these transfers.
• Please visit your local RBC Branch to initiate a wire.
• To place a wire, call us at 1-800-769-2560 between 7:00 AM and 8:00 PM ET Monday-Friday (excluding holidays).

FAQs for Private Banking and Wealth Management Clients

• Investments
• Keep all important HSBC Private Investment Counsel account information for your records as you transition to RBC PH&N Investment Counsel. Save your HSBC Private Investment Counsel statements and tax documents before migration.
• It is recommended you enrol in RBC Online Banking once you’ve received your RBC Client Card to ensure you have continued online access to view your account information.
• Your portfolio(s) historical transaction, performance information and annual reports will not be available online to you after migration. Please retain your HSBC Private Investment Counsel account statements and annual reports for this information. New performance calculations will be provided going forward after migration.
• Review the RBC PH&N Investment Counsel Client Account Agreement which will govern your portfolio(s) after migration. You can obtain a physical copy at a PH&N IC office or by contacting your Investment Counsellor.

You can expect similar high-quality service and value that you received at HSBC Canada.

Our investment counsellors and portfolio managers have access to expertise and guidance on security selection and portfolio construction at RBC Global Asset Management, Canada’s largest asset manager , as well as third-party money managers worldwide. RBC Wealth Management’s broad range of investing solutions including the global diversification you’ve come to enjoy at HSBC and provides access to many managers and mandates, including alternative investments.

FAQs for Small Business Clients

• Business Accounts
• Business Banking APIs
• Bulk Payment Files
• Client (Debit) Cards
• Credit & Lending
• Deposit Interest Arrangements
• Digital Channels
• Foreign Currency Accounts
• GICs & US Term Deposits
• Group Banking Program
• Interac receive/ auto registration
• International Payments
• Online Tax Filing
• Receivables
• Rewards Program
• Trade Finance
• Canada & USA: 1-800-769-2535
• UK, China, Hong Kong & Macau: +800-0-769-2521
• International: 1-416-974-3334
• North Korea
• Crimea region
• Palestinian Territories

You can view up to 7 years of your transaction history from your former HSBC Bank Canada account(s) on the RBC Business Banking Portal. Use the main menu to navigate to the 'Additional Services' page and select the option for "HSBC Bank Canada: Transaction History". Alternatively, on the 'Accounts Overview' page, navigate to the 'Quick Links' section to select the "HSBC Bank Canada: Transaction History" option.

If you are in RBC Express, select the 'Back to RBC Business Banking Portal' link at the top of the page and then follow the above instructions.

To view and download former HSBC Bank Canada statements, please speak with your Relationship Manager.

• Please download your trade transaction history from HSBC Bank Canada Digital platform prior to March 28 th .
• We recommend you download your outstanding reports as of your financial year-end for financial statement and tax purposes.
• We recommend you download your current saved and available HSBC Bank Digital Platforms transaction templates (application details, applicant/beneficiary information, clauses, or texts) for later reference, as these will not be automatically migrated.
• If you are submitting a claim prior to migration day, please reach out to HSBC Bank Canada at 1-877-955-4722 or your HSBC Bank Canada Relationship Manager.
• If you are submitting the claim on or after migration date, please contact RBC Insurance Service Center at 1-855-379-5928
• Your insurance premium is changing as a result of the migration of HSBC Bank Canada creditor insurance products to RBC.
• For Mortgage Life insurance only –as some clients may experience a higher premium, a partial return of premium is going to be credited to you during the first year.
• Please refer to the Product and Service Notification Guide – Section 7 for detailed information on the calculation of insurance premiums.

Using your RBC Business Credit Card

Managing your RBC Business Credit card

• To pay your business credit card using funds from an RBC bank account, simply transfer the funds from your RBC bank account to your RBC business credit card account. Visit rbc.com/hsbc-canada (Opens link in new window) for detailed instructions and tutorials on how to enrol in RBC Online Banking for Business.
• To pay your business credit card using funds from a bank account at another financial institution, you must register the RBC business credit card account as a “Bill Payment” to make a payment.
• it will automatically be credited to your RBC business credit card account in January of any given calendar year; or
• an owner can have the full amount credited to the RBC business credit card account by calling 1-800-ROYAL ® 1-2 ( 1-800-769-2512 ) any time after migration.
• The ability to redeem Avion points for gift cards, merchandise, financial rewards and more
• Interac API: Movement of money up to $25,000 within Canada
• RBC Pay API: Movement of money between any two RBC deposit accounts up to CAD $100,000
• Balances & Transactions API: Ability to retrieve balances and transactions of RBC deposit accounts in near real time.
• At RBC Direct Investing, all commissions and fees are charged to the RBC Direct Investing account(s). You will not have the ability to charge them to a bank account (either an account at RBC or from another financial institution). To learn how to transfer funds to your RBC Direct Investing account, check out the videos on this page .

Maintaining the service and value you have experienced with HSBC to view your money and initiate payments globally from Canada is important to us. We have the functionality for you to view your international HSBC (and other financial institution) accounts through a service called multi-bank reporting.

RBC is already a leader in international payments in Canada including cross border ACH as well as wires and first to market with SWIFT Go (International ACH). We are adding additional capabilities to support the full suite of corridors and currencies offered currently from HSBC Canada.

• RBC High Interest Notice Account (rbcroyalbank.com)
• Business Savings Accounts – RBC Royal Bank
• Royal Business Premium Investment Account - RBC Royal Bank

FAQs for Commercial and Corporate Banking Clients

• Capital Markets

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HSBC Live+ Credit Card

Live it up with extra cashback

Who says you can't have it all? With our HSBC Live+ Credit Card, you can spend on all the things you love… and earn cashback towards the things you've got your eye on. 

• 10% accelerated cashback, up to INR1,000 a month, on all dining, food delivery and grocery spends
• 1.5% unlimited cashback on most other spends[@unlimited-cashback-exclusions]

Joining fee and annual fee

Joining fee

Annual fee (waived if you spend more than INR200,000 per year)

Our welcome gifts to you

• Get INR1,000 cashback when you spend INR20,000 within the first 30 days of getting your card. T&Cs apply .
• When you apply online and complete your application with video self-verification, you'll be eligible for an Amazon eGift Voucher worth INR250.  T&Cs apply .

Get up to 10% cashback on what you love

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The card that gets you more out of life.

Dine – in India and around Asia

Take a bite out of dessert, not out of your wallet. No matter if you're craving takeaway or heading out to the restaurants, we've got some pretty sweet dining deals – including up to 15% off with our Live+ Dining Programme and 10% cashback on dining and food delivery spends.[@accelerated-cashback-cap]

• Learn more   Learn more about HSBC Live+ Dining Offers

Shop – both online and offline

Load up your cart without breaking the bank. Whether you're shopping for yourself or the whole family, you'll get 10% cashback on your groceries[@accelerated-cashback-cap] and 1.5% unlimited cashback on other retail purchases.[@unlimited-cashback-exclusions]

Fun – on screens big and small

Sit back and enjoy some extra cashback. Whatever you're in the mood for, we've got offers you'd love to immerse yourself in – get 1.5% unlimited cashback[@unlimited-cashback-exclusions] on your entertainment spending.

Life with even more perks

• Travel in style and comfort Relax before you fly with 4 complimentary domestic airport lounge visits per year.
• Get more out of life With our exclusive dining programme and curated offers on the Visa Digital Concierge app – learn more
• Activate your card right away For both primary and supplementary cards, on the HSBC India app.

What you need to know

Are you eligible.

To apply, you must:

• Be aged between 18 to 65 years old
• Have a minimum income of INR400,000 per year for salaried individuals
• Be an Indian resident
• Reside in Chennai, Gurgaon, Delhi National Capital Region (NCR), Pune, Noida, Hyderabad, Mumbai, Bangalore, Kochi, Coimbatore, Jaipur, Chandigarh, Ahmedabad or Kolkata

What documents do I need to apply? 

• The latest salary slip, if you're a salaried employee, OR
• The front side of the card and the latest credit card statement, if you're already using another credit card, AND
• Proof of residence, identity proof, and your permanent account number (PAN) card

Please note that this list is for reference purposes only. Additional documents may be requested from you during the credit card application process.

Important documents 

• Terms and conditions (PDF, 101KB) Terms and conditions (PDF, 101KB) Download
• Key things you should know (PDF, 83KB) Key things you should know (PDF, 83KB) Download
• Credit card limit review form (PDF, 574KB) Credit card limit review form (PDF, 574KB) Download

Live+ eligible purchases for cashback

Get started, apply online.

When you apply online and complete your application with video self-verification, you'll be eligible for an Amazon eGift Voucher worth INR250. T&Cs apply.

It's usually quickest to apply online, but if you prefer to speak to someone about your application, call us or visit your nearest branch.

Frequently asked questions

What is a cashback credit card .

A cashback credit card is a credit card that provides cashback whenever the customer swipes the card at a physical store or makes online payments through the credit card.

How can I make the most of my cashback credit card? 

To make the most of your cashback credit card, use your card for larger purchases to gain maximum cashback.

Will the cashback be credited to the credit card account? 

Yes, the cashback you earn will be credited to your credit card within 45 days of the card statement date.

How do cashback credit cards work? 

Cashback credit cards offer you the chance to earn cash from the money you spend, by paying you back a percentage of what you spend or giving you reward points for additional benefits.

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Hsbc premier credit card  , hsbc travel companion  , credit card offers  , verify yourself by video - terms and conditions .

• This Offer ('Offer') is brought to you by The Hongkong and Shanghai Banking Corporation Limited, India ('Bank') and is made available on the website amazon.in or mobile site or mobile application thereof (collectively, ' Amazon.in ') by Amazon Pay (India) Private Limited ('Amazon') and any participation is voluntary.
• Offer Terms and Conditions ('Offer Terms') are in addition to the amazon.in 'Conditions of Use & Sale' and 'Privacy Notice' to which you agree to, by using amazon.in and Terms and Conditions of HSBC Credit Cards . In the event of any conflict between the Conditions of Use & Sale and these Offer Terms, these Offer Terms will prevail, only for the purposes of this Offer.
• This Amazon eGift Voucher offer is provided by The Hongkong and Shanghai Banking Corporation Limited, India (HSBC) to Resident Indian customers (hereinafter referred to as 'credit card applicant') who have participated in the offer. Each qualifying credit card applicant who has completed video self-verification is entitled to an Amazon eGift Voucher of INR250 (Offer).
• The offer is valid for successful completion of video self-verification after completing online credit card application by self during the period from 29 February 2024 to 31 August 2024 (Offer Period).
• This is a limited period Offer and HSBC in its sole discretion reserves the right to alter, modify, change or vary all or any of these terms and conditions or to replace, wholly or in part, this Offer by another Offer, whether similar to this Offer or not, or to withdraw it altogether at any point in time by providing appropriate intimation to the Cardholder.
• The Amazon eGift Voucher (WinPin code) will be sent to your email ID provided in the online credit card application, within 45 days of end of the offer i.e. 15 October 2024.
• All decisions with respect to the Offer shall be at the sole discretion of HSBC and the same shall be final, binding and non-contestable. Other than the specific entitlements available to the Cardholders under this Offer, any other claims with regard to this Offer against HSBC are waived.
• Credit card applicants are not bound in any way to participate in this Offer. Any participation is voluntary and the Offer is being made purely on a best effort basis.
• Nothing herein amounts to a commitment by the Bank or Amazon to conduct further, similar or other Offers.
• Issuance of the credit card is at the sole discretion of the Bank and is subject to the Bank's internal approval norms.
• By participating in this Offer, every credit card applicant expressly agrees that Bank and Amazon will not be liable or responsible for any loss or damage whatsoever that a Cardholder may suffer, directly or indirectly, in connection with the Offer including but not limited to that associated with his/her use or delivery or misuse of the Product(s). The existence of any dispute shall not, by itself, constitute any claim against HSBC.
• The Bank does not make any warranties or representations as to the quality, merchantability, suitability or availability of the product and services offered under these Offers. Any dispute regarding these must be addressed in writing, by the Cardholder, directly to Amazon.
• Prior to using the Amazon website and/or the mobile app, the Cardholder should refer, read, understand, accept and agree to the user agreement and Terms and Conditions of the said website and the mobile app, and proceed only if the Cardholder agrees to abide by the same. The Cardholder will be required to give personal information and other details online. The Cardholder should read and understand the privacy policy of the website and the mobile site, prior to providing any such information. Any disclosure of information made by the Cardholder towards availing of or fulfilment of the Offer is at the sole discretion of the Cardholder and the Bank shall not be responsible for the same. Amazon may use the personal information shared by the Cardholder for any other purpose (like marketing, etc.) and the Bank will not be held liable for such usage of personal information by Amazon Products offered under this Offer are subject to availability with Amazon and HSBC will not be liable for non-availability of any of the products.
• The Offer is subject to force majeure events.
• These Offer Terms are governed by the laws of India and the courts at Mumbai will have exclusive jurisdiction over any matters/disputes arising out of or in relation to these Offer Terms.
• Any person availing this Offer will be deemed to have accepted these Offer Terms.  

Voucher Terms and Conditions:

• The eGift Voucher is valid for a period of 6 months from the date of issuance.
• eGift Voucher cannot be reloaded, resold, transferred for value or redeemed for cash.
• eGift Voucher cannot be used to purchase other gift card.
• eGift Voucher cannot be used on any of the partner sites.
• eGift Voucher cannot be used to purchase any other type of digital content such as apps.
• eGift Voucher cannot be transferred from one account to another once the claim code has been added.
• Amazon may change (add to, delete, or amend) these terms from time to time. Unless stated otherwise, the changes will apply to any new Amazon eGift Voucher that are for personal, non-commercial use and enjoyment only. The same may be shared with family and friends, but may not be advertised, sold or used as promotional items by the purchaser or anyone else without Amazon's prior written consent.
• Amazon eGift Voucher cannot be replaced, refunded or revalued. It cannot be exchanged for points or cash and cannot be re-validated.
• HSBC does not make any warranties or representations as to the quality, merchantability, suitability or availability of the products or services offered under this Offer. Any dispute regarding delivery, service, suitability, merchantability, availability or quality of the products/services availed under this Offer must be addressed in writing, by the customer directly to amazon.in
• Tax liability, if any, will be borne by the Cardholder.
• By using the eGift Voucher, the Cardholders shall be deemed to have accepted all the aforementioned Terms and Conditions in totality.

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The three best bank accounts with travel insurance bolted on: We pick our favourites and whether they're worth paying for

• Some bank accounts include annual worldwide travel insurance
• They often also include car breakdown cover and mobile phone insurance 
• Although there is a monthly cost, having such an account may make sense

By Ed Magnus For Thisismoney.co.uk

Updated: 03:28 EDT, 9 August 2022

View comments

Many Britons will feel a bank account isn't something they're prepared to pay for - after all, most current accounts are 'free'.

However, some packaged bank accounts offer a host of benefits that added together could justify their monthly cost.

The typical perks include free annual worldwide travel insurance, car breakdown cover and mobile phone insurance, often with family members included. 

There is also the convenience factor of having three insurance policies taken care of saving both time and effort in having to organise it separately. 

Some bank accounts charge a monthly fee, but throw in perks such as annual worldwide travel insurance.

Michelle Stevens, banking expert at comparison site Finder, says: 'If you and your family are frequent travellers, then a current account with packaged travel insurance could be well worth the monthly fee, especially given the rising cost of travel insurance premiums in the last two years. 

'But before signing up to any premium current account, it’s important you check that the terms of the travel insurance policy - as well as the other account features and perks - suit your needs.' 

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• Best savings rates: Compare branch and online savings accounts

She adds: 'Another benefit of getting free travel insurance with a current account is that a lot of people usually forgo it - up to 8.6million in 2019 - which is not an advisable move. 

'If you get seriously injured abroad then the bill can reach hundreds of thousands of pounds, so having travel insurance included with a current account may result in a lot of people getting covered who may not have done so otherwise.'

We pick our three favourite current account deals for travel insurance, taking into account the monthly cost and the additional perks on offer.

1.  Nationwide Flex Plus  

This account offers worldwide travel insurance as well as mobile phone and European breakdown cover.

It does come with a £13 monthly charge, which, compared to other packaged bank accounts looks relatively cheap.

Its worldwide family travel insurance, includes winter sports, golf, weddings and business cover.

Nationwide offers worldwide travel, mobile phone and European breakdown cover and charges £13 a month for maintaining the account.

Cover for travel essentials includes luggage, documents and cash as well as protecting against travel-specific problems like delays, cancellations and medical expenses.

Then cancellation cover is up to £5,000, the medical expenses cover up to £10 million, whilst cover for travel disruption will be eligible when caused by natural disasters, or airline or travel end supplier failure.

The policy doesn't cover medical conditions unless they have been declared to Nationwide and accepted. In some instances, you can pay for a medical upgrade to your insurance policy.

Two other clauses to be aware of is that the longest trip length allowed is 31 consecutive days. 

For any person to be insured who is aged 70 or over, they must buy an age upgrade to cover them.

Although the monthly cost will add up to £156 a year, it's possible to offset much of this during the the first year, thanks to Nationwide's current account switching incentive.

Non-Nationwide members can currently get £100 for switching, whilst members who switch to the Flex Plus account could get £125.  

Saves the extra admin: Nationwide's annual travel insurance policy is worldwide, and covers a whole family for multiple trips, not just the individual account holder.

On top of travel insurance, account holders get vehicle breakdown cover both in the UK and the rest of Europe and mobile phone insurance for the whole family.

The car insurance is valid whether someone is a driver or a passenger in a vehicle, and comes with no excess to pay and unlimited callouts.

The mobile insurance covers mobiles belonging to the account holder and those belonging to their partner and dependent children. It covers for loss, theft, damage and faults.

2.  Virgin Money's Club M Account

Virgin's Club M Account comes with a £14.50 monthly charge.

Similar to Nationwide, it offers 31 days' worldwide cover per trip. It will cover the account holder and a partner living with them if there're both under 75, so it's a little more generous on that front.

Virgin's worldwide family multi-trip travel insurance - includes winter sports, golf and weddings. Plus, 24 hour access to a doctor at home or abroad.

There's also cover for up to four dependents under 18 - either in full time education or living with the account holder.

Emergency medical treatment, includes falling ill with coronavirus while away, and cover for the journey home, if it's medically necessary.

It also covers lost, damaged or stolen items, and if the baggage is delayed, any essentials will be paid for in the interim period. It also includes cover for delays or missed departures and winter sports as standard.

Account holders are also covered when cancelling or cutting short a trip if they fall ill with coronavirus as long as they didn't know they had it and weren't being tested for it when they booked their trip. 

The cover includes emergency medical, surgical, hospital, treatment and ambulance costs, as well as any additional accommodation and travel expenses if someone cannot return to the United Kingdom.

There is a maximum allowance of 31 days of worldwide cover per trip.

It covers the account holder and their partner living with them if they're both under 75. There's also cover for up to four dependents under 18. 

A claim will be void if it relates to any medical treatment received because of a medical condition or an illness related to a medical condition which a person knew about at the time of opening the account. 

What else? 

On top of the travel insurance it also offers UK breakdown cover with no call out charges, whether as the driver or the passenger and offers help at the roadside and at home.

It also offers worldwide mobile phone and gadget insurance covering against loss theft, damage, and breakdown

Just make sure you've declared any pre-existing medical conditions and don't leave your valuables unattended to be fully covered.

Its Worldwide family multi-trip travel insurance - including winter sports, golf and weddings. Plus, 24 hour access to a doctor at home or abroad.

Virgin current account holders also benefit from various other perks.

It offers access to an easy-access linked savings account paying 1.71 per cent on balances up to £25,000. C ustomers can also benefit from 2.02 per cent on balances up to £1,000 in their bank account.

New customers switching to the Virgin Money Club M Account can also receive a bonus of 20,000 Virgin Points to spend with Virgin Red, thanks to Virgin Money's latest current account switching offer.

Virgin Red is a rewards club that turns everyday spending into points. Once you are a member, you can earn and spend Virgin Points across almost 200 different rewards.

The 20,000 Virgin Points boost means travellers could get a return flight to Barbados, the Bahamas or St Lucia, while bakery enthusiasts could turn their points into 100 sausage or vegan sausage rolls, 61 coffees or teas or 100 doughnuts or muffins.

3.  Halifax Ultimate Reward Current Account  

Halifax Ultimate Reward current account costs £17 per month, the equivalent of £204 per year. However, there are ways to dramatically reduce this via its cashback and switching offers.

The account includes a family travel insurance policy for the account holder, their spouse or partner and children aged 18 or under, or up to 24 if they're in full time education. 

It includes cover for personal belongings, certain sports and activities such as winter sports golf trips.

At £17 a month Halifax is the most expensive of our three top picks. However, its £150 cash incentive and £5 monthly cashback could help account holders to significantly reduce the cost.

Its cover includes, up to £10million for hospital fees, repatriation, medical confinement, funeral and dental costs incurred if taken ill or injured on your trip. 

Up to £5,000 in total for loss of pre-paid travel and accommodation expenses in the case of cancellation or curtailment. 

It covers personal baggage up to £2,500 if it is lost, damaged or stolen. This includes up to £500 for valuables, and up to £500 for a single item or pair or set of items.

It also covers personal money up to £750 for loss, or theft. This includes up to £300 cover for cash. This is limited to £50 for under 16s.

Watch out: 

Existing medical conditions are not covered, unless these are agreed with the insurer first, and an additional premium may be payable.

The longest trip length is 31 consecutive days. For winter sports, a maximum of 31 days cover in a calendar year.

Halifax's travel insurance covers personal Baggage up to £2,500 if it is lost, damaged or stolen.

It's also worth noting that a £75 excess per adult per incident may apply and to be covered trips must start and end in the UK.

All cover ends when the account holder turns 71. As long as the account holder is less than 71, their spouse or partner will also be covered until they reach 71. 

Eligible children can also be covered so long as they are travelling with the spouse, partner or civil partner of the policyholder. 

What else: 

It also offers car breakdown cover with the AA. This covers any vehicle the account holder is travelling in, at the roadside or at home. But only in the UK. 

For mobile insurance, it covers breakdown, accidental damage, loss and theft up to £2,000. 

However, it only Covers one phone per account holder or two in the case of a joint account. An excess of £100 is payable on all successful claims.

The £17 fee makes it a little more expensive than a few others but there are ways to reduce the cost.

Halifax is currently offering a £150 switching incentive for those who switch from another current account.

On top of the £150 bribe there are other perks to take advantage of. There is a choice of £5 a month paid into the account, two film rentals or three magazine rentals, or a free cinema ticket each month.

In order to benefit from this account holders must choose to either Spend £500 on their debit card each month or Keep at least £5,000 in the account at all times.

They must also pay in £1,500 or more into your account each month and stay in credit - keeping your balance at £0 or above.

THIS IS MONEY'S FIVE OF THE BEST CURRENT ACCOUNTS

Chase Bank will pay £1% cashback on spending for the first 12 months . Customers also get access to an easy-access linked savings account paying 3.8% on balances up to £250,000. The account is completely free to set up and is entirely app based. Also no charges when using the card abroad.

Nationwide's FlexDirect Account offers 5% in-credit interest to new joiners when they switch on balances up to £1,500. This rate only lasts for one year. The account is fee free.

Halifax Reward Account pays £150 when you switch. Also earn up to an extra £75 cashback when you spend £750 each month for 3 months. There is a £3 monthly account fee, but that’s stopped by paying in at least £1,500 each month.

First Direct will give newcomers £175 when they switch their account . It also offers a £250 interest-free overdraft. Customers must pay in at least £1,000 within three months of opening the account.

NatWest's Select Account account pays £200 when you switch. The account has no monthly charges, but to be elligible for the £200, you'll need to deposit £1,250 into the account and log into mobile banking app within 60 days.

Share or comment on this article: Best bank accounts with travel insurance included

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• Personal Internet Banking
• Internet Credit Card Service

HSBC credit card travel insurance

With the travel protection offered by HSBC credit cards, you will have complete peace of mind when travelling abroad

• Travel insurance coverage
• Free airport transfers
• Free parking at international airports
• Dedicated travel advisory services
• Roadside assistance

Products and services

Promotional period: 1 July 2024 to 30 June 2025

During the promotional period, use your HSBC (Taiwan) credit card to pay for more than 80% of your package tour charges or the full amount of airfare * to enjoy all-round protection through our high-coverage travel insurance packages. Rest assured you'll be well protected in the event of flight delays or baggage problems.

• Travel insurance: high-coverage protection for your time spent abroad, en-route in travel and while taking public transportation
• Travel inconvenience insurance: compensation for actual losses incurred due to flight and baggage delays, losses or damage

* Please refer to 'service details' for details and amendments related to the Insurance Act, as well as attachments for filing claims.

*Remark: The payment for airline ticket cannot be offset entirely (e.g. mileage redemption, gift voucher, free voucher) or partially (including mileage redemption, discount voucher or coupon), or only pay for airport tax or war risk additional surcharge. No protection of credit card insurance will be provided for any airline ticket acquired by prize and award won by chance

If you're not an existing HSBC credit cardholder, apply now.

Use your HSBC (Taiwan) credit card to pay for the full amount of travel-related transport expenses (such as commercial planes*, trains and ships) or more than 80% of the package tour charges (including travel-related transport expenses) for yourself or your family (your spouse or dependent and unmarried children below 25) , and you'll enjoy all-round protection through our high-coverage travel insurance packages. However, if the transaction related to the afore-mentioned commercial airfare or package tour charges is cancelled by the insured party, the company will not be responsible for handling the claims thereon. Pertaining to the actual insurance content and other matters not covered here, the terms of the insurance contract shall prevail.

※ Free plane tickets are not covered by these insurance packages .

"Travel-related transport" refers to

• flights licensed by the government and operating on fixed routes;
• any means of transportation for which any traveller can purchase a ticket to ride on. To enjoy the insurance coverage, a cardholder has to use his/her valid credit card (with the insurance package) to pay for the full amount of public transport expenses or more than 80% of package tour charges during the insured period. 

* The following flights are covered by the travel insurance policy: scheduled flights, referring to flights flying between certain designated airports, and listed on an airline's flight schedule and price list; charter flights or extra flights, referring to commercial flights not listed on an airline's flight schedule and price list, but that are chartered by a tour company on a regular basis to attract potential tour members, and that are operating on certain fixed routes licensed by the local government, as well as extra flights added to an existing route. Free air tickets are not covered by this travel insurance policy . 

The following types of travel-related transport are not covered under the travel insurance policy: 

• Airplane for government and private enterprise purpose.
• Tourism purpose instead of usual usage.
• Domestic mass MRT, public car and cable car solely paid by credit card.

Travel insurance 

Insurance coverage for travel-related transportation

Scope of coverage and definitions :

Under the circumstances that a cardholder becomes disabled or dies due to accidental injury while taking travel-related transport as a passenger, the insurance pay-out will be based on the sum insured as stipulated in the relevant provisions: 

• When the insured is taking a commercial flight: During the time period when the insured is travelling in a vehicle to and from the airport prior to the original flight departure time or within 5 hours upon arriving at the destination airport; waiting to board at an airport; or travelling in, boarding or alighting from a commercial airplane.
• If the insured is taking travel-related transport other than the afore-mentioned, the time period during which the insured is travelling in, boarding or alighting.

Compensation items :

Death benefit (Note 1), disability insurance

• Travel-related transport insurance with rider on injury medical insurance

Under the circumstances that a cardholder suffers from an accidental injury while taking travel-related transport as a passenger, and undergoes treatment at a registered and qualified hospital or clinic within 180 days of the incident, the insurance company will pay out the difference between the actual medical expenses incurred and the portion covered under National Health Insurance .

• When the insured is taking a commercial flight: During the time period when the insured is travelling in a vehicle to and from the airport prior to the original flight departure time or within 5 hours upon arrival at the destination airport; waiting to board at an airport; or travelling in, boarding or alighting from a commercial airplane.
• If the insured is taking travel-related transport other than the afore-mentioned, the coverage is limited only to the time period during which the insured is travelling in, boarding or alighting from the specific means of transportation.

If the insured receives treatment not as a member of the National Health Insurance plan; or if he/she goes to a hospital not covered under National Health Insurance for treatment, and as a result, the expenses incurred are not covered under the National Health Insurance, the insurance company will pay out 70% of the actual expenses incurred . 

The total pay-out for the afore-mentioned injury cannot exceed the maximum pay-out per injury under medical insurance as listed in the insurance policy .

• Overseas travel insurance 

If a cardholder uses his/her credit card to pay for all public transport expenses or 80% of the expenses of a tour organised by a travel agency during an overseas trip, and is injured in an accident during the trip, resulting in bodily damage and as a result, dies or is disabled, compensation will be paid out by the insurance company. The duration of the afore-mentioned trip cannot exceed 30 days . 

• Overseas travel insurance with rider on injury medical insurance (based on actual expenses incurred)

Insurance scope and definitions :

During an overseas trip as afore-mentioned, if a cardholder is injured in an accident, and undergoes treatment at a registered and qualified hospital or clinic within 180 days after the accidental injury, the insurance company will pay out the difference between the actual medical expenses incurred and the portion covered under National Health Insurance .

The duration of the afore-mentioned trip cannot exceed 30 days.

If the insured receives treatment not as a member of the National Health Insurance plan; or if he/she goes to a hospital not covered under National Health Insurance for treatment, and as a result, the expenses incurred are not covered under National Health Insurance, the insurance company will pay out 70% of the actual expenses incurred . 

Injury medical insurance

Special Declarations :

• If a cardholder is disabled or dies due to an accident, and the compensation pay-out can be claimed under both overseas travel insurance and travel-related transport insurance coverage under the overall travel insurance policy, the cardholder can only select 1 of the 2 options. 
• If a cardholder suffers from an accidental injury, and the compensation pay-out can be claimed under both overseas travel insurance and travel-related transport insurance under the overall travel insurance policy policy, the cardholder can only select 1 of the 2 options.

Travel inconvenience insurance 

Flight delay expenses (based on actual expenses incurred)

• The flight that the insured is taking is delayed for more than 4 hours
• The flight that the insured is taking is cancelled or is cancelled due to overbooking, and the insured cannot switch to another flight within 4 hours
• The insured misses a connecting flight because the previous flight is delayed, and the insured cannot switch to another connecting flight within 4 hours
• Delays or cancellations of flights originating from the insured's home countries/territories are not included if the delay or cancellation is confirmed before the insured checks in at the airport
• The insurance company will not be responsible for any compensation pay-out if the traveller cancels the transactions related to the payment for the tour package or the flight booking

The insured will be compensated for the following expenses incurred during the time when the flight is delayed and before the airline arranges the next available flight for the insured. The original receipts or invoices must be presented for verification (compensation will be paid out based on the actual expenses incurred instead of making a lump sum payment). However, the insurance does not cover expenses incurred in the insured's place of residence :

• Reasonable and essential dining and accommodation expenses: (up to NTD2,000/person/meal, the stipulated insured amount will apply in the case of Taiwan and the main island)
• Transportation expenses incurred while travelling between the airport and the accommodation location: Limited to transportation expenses incurred while travelling between the airport of the delayed flight and the accommodation location ; transportation expenses incurred while going to a dining location or any other locations (such as a pier or railway station, or to visit a friend) are not included in the scope of coverage.
• If the insured needs accommodation due to flight delays, and his/her baggage has been checked in, expenses incurred while buying daily necessities will be compensated only if 1. accommodation is required AND the insured's baggage has been checked in (luggage tag is required for checking) 2. the daily necessities purchased are items essential for an overnight stay (Note 2) .
• Expenses incurred while making international calls: Limited to expenses incurred while making international calls during the time period of the flight delay. Relevant phone bills have to be presented.

Deadline for filing claims :

File your claims with the insurance company within 30 days from the date of the incident.

Baggage delays, losses and damage expenses (based on actual expenses incurred)

Due to the airline's improper handling, the insured's checked-in baggage is not delivered more than 6 hours and less than 24 hours after arriving at the destination airport (original departing location or the insured's place of residence are excluded) .

Actual expenses incurred by the insured in purchasing daily necessities for emergency use prior to retrieving his/her baggage (Note 2), but only limited to such expenses incurred by the insured within 24 hours upon arriving at the destination.

• Loss of baggage expenses (based on actual expenses incurred)

Due to the airline's improper handling, the insured's checked-in baggage is lost, or is not delivered 24 hours or more after arriving at the destination airport (original departing location or the insured's place of residence are excluded) .

Actual expenses incurred by the insured in buying daily necessities for emergency use prior to retrieving his/her baggage (Note 2), but only limited to such expenses incurred by the insured within 120 hours upon arriving at the destination .

If the insurance company has already made a pay-out to the insured based on provisions under the afore-mentioned baggage delays, losses and damage expenses, the insurance company's liability under this coverage plan will be the difference between the total pay-out under this package and the amount already paid out under the coverage for baggage delays, losses and damage expenses.

Other important notes :

• Items purchased after the insured is being updated, and the baggage is delivered to the designated location are not covered.
• Items purchased before the insured realises about the lost or delayed baggage are not covered. For example, this includes items purchased at Duty Free shops at the airport prior to going through immigration checks.
• Retain the baggage receipt or ask the airline or delivery company to provide proof of the date and time of delivery.

File your claims with the insurance company within 30 days from the date of the incident. 

• Hijacking insurance

During the insured period, if the plane on which the cardholder is travelling is seized by an individual or organisation not controlled or commanded by a legitimate government or judiciary through the use of force, coercion or other illegal means, hindering the plane's normal operations or limiting the passengers' freedom of action.

Compensation will be paid out based on a daily lump sum during the hijacking period, calculated based on the number of days multiplied by the daily hijacking compensation amount, up to a maximum of 30 days; if the hijacking period is less than 1 day, it will be counted as 1 day.

Related information

• Claims application (pdf) (Chinese only) Claims application (pdf) (Chinese only) Download link
• Insurance contract details (pdf) (Chinese only) Insurance contract details (pdf) (Chinese only) Download link

Supporting documents for claims 

Travel insurance

Submit the completed claims application together with the following documents to the insurance company:

• Copy of the credit card voucher (the credit card linked with the insurance plan) related to the cardholder's ticket purchase, showing the authorisation code, and a copy of the agency receipt.
• Ticket stubs of the transportation vehicle and copies of the reservation documents.
• Copy of the statement of travel records.
• If you're filing a death benefit claim, please include the original autopsy report or the original death certificate, and the cancelled household registration transcript of the insured.
• If you're filing a claim for disability insurance, include the original disability diagnostic report. The insurance company will need to conduct a physical examination of the insured, and with the consent of the beneficiary, go through the insured's medical records if necessary. The related expenses will be borne by the insurance company.
• If you're filing a claim for medical insurance, include the original diagnostic report or hospitalisation record, original medical expenses record or medical reports. In the event of overseas consultations, include the National Health Insurance Administration's expenses reimbursement form.
• If necessary, the insurance company may request supporting documents for the incident resulting in the accidental injury (such as documental proof of the accident from the tour guide).
• The beneficiary's identification documents
• If you're filing a death benefit or disability claim for the cardholder, his/her spouse or children, please include copies of relevant identification documents.

Travel inconvenience insurance

※ Required documents for all items

• Copy of the credit card statement showing the purchase of the plane ticket or the tour package.
• Copy of the travel agency receipt.
• Original ticket or electronic ticket of the original flight and the original boarding pass for the switched flight.
• Copy of the cover of the applicant's (insured's) bank book (if the wire transfer option is chosen).
• Copies of both sides of the applicant's identification documents, and a copy of the household certificate when a claim is filed for expenses related to the cardholder's children.

※ Required documents for individual items 

I. Filing a claim for flight delay expenses:

• Original receipts and vouchers for the expenses incurred by the insured due to flight delays.
• Original certificate issued by the airline proving the flight delay/missed flight/denied boarding situation.
• Please include the luggage tag if daily necessities have been purchased due to checked-in baggage and the need for accommodation.
• If you're filing a claim for the expenses incurred due to a missed flight, provide details on the timing of the original connecting flight, the destination of the connecting flight, and the number of delayed hours.

II. Filing a claim for baggage delays, losses or damage expenses:

• Original receipts and vouchers for the expenses incurred by the insured due to baggage delays, losses or damage.
• Original certificate issued by the airline or airport proving the baggage delay, loss or damage.
• Original certificate showing the timing of the retrieval of the delayed baggage and the original luggage tag.

III. Filing a claim for hijacking insurance:

• Original certificate proving the hijacking incident.

Claim application method (Chinese only)

國泰世紀產物保險股份有限公司

• 申請方式：請以掛號方式郵寄至下列地址
• 申請書郵寄地址：40341台中市西區民權路239號8樓B2室 (國泰產險信用卡理賠中心收)
• 聯絡電話： 0800-212-880 請撥打此專線 由國泰產險客服人員為您說明
• 台灣免付費服務電話： 0800-212-880 （限市話撥打）

This product is underwritten by Cathay Century Insurance. For the content of the insurance coverage and other matters not mentioned herein, refer to the terms and conditions described in the insurance contract signed between HSBC (Taiwan) and the insurance company for details.

In the event of any discrepancy or inconsistency between the English version and the Chinese version of these terms and conditions, the Chinese version shall apply and prevail.

Cathay Century Insurance

Toll-free service number: 0800-036-599

Important notes

Insurance act amendments .

In line with amendments in the Insurance Act, effective 15 June 2018, Cathay Century Insurance has made adjustments to a number of terms, including "handicap" and "disability". Details are as follows:

I. In accordance with Hua Zong Yiyi Zi document no. 10700062351, additional Article 107-1, and amendments in Articles 107, 125, 128, 131, 133, 135 and 138-2.

II. In accordance with the previous presidential order, to be in line with the spirit of the 'Convention on the Rights of Persons with Disabilities' (CRPD), Cathay Century Insurance will make adjustments to the terms used in the insurance contracts. However, such adjustments will not affect the actual content of the product or the interests of the insured.

III. For insurance contracts (attachments), effective 15 June 2018 (inclusive), if the names of the insurance products, the terms and conditions in the insurance policies, the attached proposals, supplementary terms and conditions, endorsements, and other agreements contain original terms listed in the table below, 'Endorsements Regarding Changes in Wordings in Cathay Century Insurance Policies', and 'Endorsements Regarding Changes in Wordings in Cathay Century Insurance Policies (applicable to property insurance products)' will apply. Such endorsements will form part of the insurance contract (attachment), and if any part of the insurance contract (attachment) is in conflict with such endorsements, such part will not be valid. Terms used in insurance contracts (attachments) related to the afore-mentioned endorsements are adjusted as follows:

If original terms used in the above table are used in sales materials and the company's official website, the new terms will also apply in these channels.

IV. Insurance contracts (attachments) effective prior to 15 June 2018 will be executed in accordance with the policy wordings in the insurance contracts. The interest of the insured will not be affected by the wording adjustments listed in the table above.

• In accordance with the revision of Article 107 in the Insurance Act, effective 1 April 2010, changes in the rights and benefits related to the travel insurance protection offered by the bank are as follows (if there are changes in Article 107 of the Insurance Act, the latest provisions shall prevail):

Death benefit :

If the insured person is a minor aged below 15, the pay-out of the death benefit thereof will become effective on the day the insured turns 15. If the insured person is under an order of guardianship that has not been revoked, the death benefit thereof will be changed to funeral expenses insurance. The total amount of the afore-mentioned funeral expenses coverage purchased by the insured on or after 3 February 2010 cannot exceed 50% of the deduction for funeral expenses as stipulated under Article 17 of the Estate and Gift Tax Act.

Disability insurance :

If the insured person is a minor aged below 15, the maximum pay-out of the disability insurance is NTD2 million . If the insured person is under an order of guardianship that has not been revoked, the pay-out of the disability insurance cannot exceed 50% of the deduction for funeral expenses as stipulated under Article 17 of the Estate and Gift Tax Act.

Exclusions 

I. Liability resulting from wars, warlike operations (whether war is declared or not), enemy invasions, acts of foreign enemies, rebellions, civil disorder, forcible seizure, or expropriation, except otherwise stipulated in the insurance contract.

II. Liability resulting from nuclear fission or radiation.

III. Liability resulting from an intentional act carried out by the insured.

IV. Liability resulting from items being seized, confiscated, quarantined or destroyed by fire by any government or customs office.

V. Promotional activities for which the company's prior written consent to underwrite the coverage thereon has not been obtained.

VI. Terrorist activities.

VII. Free air tickets.

Important notes 

Note 1: The beneficiary for death benefit is the statutory successor of the insured. Changes in the beneficiary are not accepted.

Note 2: "Daily necessities" mentioned above refer to underwear, pyjamas, and other necessary clothing, toiletries and sanitary supplies purchased during the flight delay period. Details are as follows:

• Items that are required or may be required during the flight delay period or prior to the cardholder retrieving his/her baggage (for example, under and outer garments, under and outer pants, socks, and warm clothing required under general circumstances).
• Items that are not required or may not be required (for example, large, thick jackets or snow garments purchased in the summer), or items for which the quantity purchased exceeds the potential requirement (for example, items purchased in advance in expectation of a delay in baggage delivery, or purchasing a dozen underwear for a day's delay in baggage delivery) are not covered.
• Toiletries are limited to essential basic toiletry products (such as facial cleansers, shampoo, body wash, tooth paste, tooth brushes, lotion, and shavers). Serum, eye cream, face masks, makeup (makeup removers), styling products, electric shavers, electric tooth brushes, and medication are not covered.
• Other items that are not generally required for daily use, such as hand luggage, suitcases, handbags, watches, decorative items, and books are not covered.

Please manage your finances carefully and value your credit . Interest on revolving credit and cash advance 5.68% to 15.00%. Service Charges for cash advance NT$100 + the amount of cash advance * 3.5%. Base date of interest on revolving credit: September 1 2015.

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“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Robin Saks Frankel

Published 5:33 a.m. UTC July 11, 2024

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Savvy cardholders can save money on everyday purchases by signing up for a cash-back card with no annual fee. While some cards with more generous perks may charge an annual fee, you generally have to do some mental calculations to determine if the cost is worth it for you. Those who prefer a more simple approach to earning cash back won’t have to look far to find a no-annual-fee card. To make the search even easier, we’ve rounded up a list of the best cash-back credit cards with no annual fee in 2024.

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Wells Fargo Active Cash® Card

Welcome bonus.

Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.

Regular APR

Credit score.

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

Editor’s take

• 15 months of introductory APR financing on both new purchases and qualifying balance transfers.
• Earn 2% cash rewards on purchases.
• Earn a $200 cash rewards bonus after spending $500 in purchases in the first three months of account opening.
• No purchase protection policies, other than cell phone protection.
• No travel redemption options.
• Other cards earn more cash back in specific categories.

Card details

• Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
• Earn unlimited 2% cash rewards on purchases.
• 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
• $0 annual fee.
• No categories to track or remember and cash rewards don’t expire as long as your account remains open.
• Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
• Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
• Chase Freedom Flex® *: Best cash-back card with no annual fee.
• Discover it® Cash Back : Best for first-year unlimited cash-back match.
• Wells Fargo Active Cash® Card : Best for easy-to-earn welcome bonus.
• Bank of America® Customized Cash Rewards credit card *: Best for customized rewards.
• Chase Freedom Unlimited® : Best for dining and drugstore purchases.
• Bread Cashback™ American Express® Card *: Best for unlimited 2% cash back on purchases.

*The information for the Chase Freedom Flex, Bank of America Customized Cash card and Bread Cashback™ American Express® Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Why trust our credit card experts

Our team of experts evaluates hundreds of credit cards and analyzes thousands of data points to help you find the best card for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content. You can read more about our methodology below.

• 34+ cards analyzed.
• 9+ data points analyzed.
• 5-step fact-checking process.

Best cash-back card with no annual fee

Chase freedom flex®.

The information for the Chase Freedom Flex® has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Earn a $200 bonus after you spend $500 on purchases in your first 3 months from account opening,

• Generous cash-back potential if you maximize rotating categories.
• Can pool rewards with a premium Ultimate Rewards®-earning card.
• Low intro APR periods on purchases and balance transfers.
• Rotating categories must be activated quarterly.
• Not all rotating categories will be a good fit for every cardholder.
• Takes work to track the various rewards categories.
• Annual fee: $0.
• Rewards: 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% cash back on travel purchased through Chase Travel℠, 3% cash back on dining and drugstores and 1% cash back on all other purchases.
• Welcome bonus: Earn a $200 bonus after spending $500 on purchases in the first three months of account opening.
• APR: 0% intro APR for the first 15 months on purchases and balance transfers, then a variable APR of 20.49% to 29.24%. There is an intro balance transfer fee of either $5 or 3% of each transfer, whichever is greater, in the first 60 days. Then the fee is the greater of $5 or 5% of each transfer .
• Perks and benefits: Cellphone protection of up to $800 per claim with a $50 deductible, trip cancellation and interruption insurance, auto rental collision damage waiver, travel and emergency services, purchase protection and extended warranty.

Best for first-year unlimited cash-back match

Discover it® cash back.

INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.

• Low intro APR offer on both new purchases and balance transfers.
• Generous rewards in quarterly rotating categories.
• Automatic cash-back match at the end of your first cardmember year.
• No travel insurance or purchase protection benefits.
• Highest rewards are capped at $1,500 per quarter.
• There’s a balance transfer fee.
• INTRO OFFER: Unlimited Cashback Match for all new cardmembers–only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
• Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
• Redeem your rewards for cash at any time.
• Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
• Get a 0% intro APR for 15 months on purchases. Then 18.24% to 28.24% Standard Variable Purchase APR applies, based on credit worthiness.
• No annual fee.
• Terms and conditions apply.

Best for easy-to-earn welcome bonus

Best for customized rewards, bank of america® customized cash rewards credit card.

The information for the Bank of America® Customized Cash Rewards credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

• Lengthy intro APR financing on both new purchases and balance transfers.
• Flexibility to choose your preferred cash-back category.
• Solid welcome bonus after meeting spend requirements.
• Elevated cash-back rates have a quarterly spending cap.
• Few benefits.
• There’s a foreign transaction fee.
• Rewards: 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs (on up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and 1% cash back on all other purchases.
• Welcome bonus: $200 cash rewards bonus after spending $1,000 on purchases in the first 90 days of account opening.
• APR: 0% intro APR for 15 billing cycles for purchases and for balance transfers made within the first 60 days, then a 19.24% to 29.24% variable APR applies. A 3% intro balance transfer fee will apply for the first 60 days; then a 4% fee applies to future balance transfers.
• Foreign transaction fees: 3%.
• Other perks and benefits: Preferred Rewards members earn 25%-75% more cash back on every purchase (eligibility required, terms apply), flexible cash back redemption options, automatic redemption option, $0 fraud liability, Balance Connect for overdraft protection with associated Bank of America accounts, convenience benefits including digital wallet and contactless chip technology.

Best for dining and drugstore purchases

Chase freedom unlimited®.

Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases.

• Introductory APR periods on purchases and balance transfers.
• Generous welcome bonus.
• Can’t transfer points to travel partners unless paired with another card.
• Charges foreign transaction fees.
• There’s a balance transfer fee.
• INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!
• Enjoy 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
• After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
• No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
• Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% – 29.24%.
• No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
• Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
• Member FDIC

Best for unlimited 2% cash back on purchases

Bread cashback™ american express® card.

The information for the Bread Cashback™ American Express® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

• Rewards: 2% cash back on purchases.
• Welcome bonus: None.
• APR: 20.74%, 31.24%, or 35.24% variable APR on purchases and 26.99% variable APR on balance transfers. There’s a balance transfer fee of either $10 or 5% of each transfer, whichever is greater.
• Foreign transaction fees: None.

Compare the best cash-back credit cards with no annual fee

Why it’s the best

The Chase Freedom Flex is our top contender for best no-annual-fee cash-back card due to its generous cash-back rate for purchases in popular spending categories that change every quarter, an easy-to-earn welcome bonus, generous protections and a lengthy intro APR on both purchases and balance transfers. Plus, your cash-back earnings are classified as Ultimate Rewards® points that can be transferred to another premium Chase Ultimate Rewards card which can then be redeemed for future travel purchases booked through Chase Travel℠ at a higher redemption value.

• Generous travel benefits.
• Intro APR for 15 months for both purchases and balance transfers.
• Rewards can be transferred to other Chase Ultimate Rewards cards.
• The high-end of the APR range for the Freedom Flex is above average.
• You must opt into the spending categories every quarter.
• There is a cap on spending in the elevated rotating categories every quarter.

Card details:

• Foreign transaction fees: 3% of each transaction in U.S. dollars.

The Discover it Cash Back is another cash-back card offering an elevated rewards rate for spending in select categories that change every quarter. While there is a $1,500 cap on bonus earnings each quarter, Discover will automatically match all the cash back earned at the end of the first cardmember year.

• No penalty APR assessed if you miss a payment.
• No foreign transaction fees.
• Comes with a low intro APR offer for both purchases and balance transfers.
• Low earning rate on purchases outside the bonus categories.
• Spending cap on quarterly bonus-earning categories.
• You are required to activate the bonus category selections every quarter.
• Rewards: 5% cash back on purchases at different places each quarter up to $1,500 spent each quarter when activated and 1% cash back on all other purchases.
• Welcome bonus: Discover will automatically match all the cash back earned at the end of the first cardmember year.

While some rewards cards require that you spend thousands of dollars in order to earn the welcome bonus, you only have to spend a few hundred in the first three months on the Wells Fargo Active Cash to reap your reward. Plus, you don’t have to worry about rotating categories with the card, as it earns a nice flat cash-rewards rate on purchases. Cardholders can also enjoy an intro APR on both purchase and balance transfers for 15 months.

• Solid cash-rewards rate on purchases with no spending caps.
• Cellphone protection up to $600 (up to two claims per 12-month period and subject to a $25 deductible).
• Secondary car rental insurance when you use your card to rent a vehicle.
• No bonus categories in which to earn elevated rewards.
• 3% foreign transaction fee for purchases made abroad.
• Potentially high APR if you receive the high-end of the APR range.
• Rewards: 2% cash rewards on purchases.
• Welcome bonus: $200 cash rewards bonus after spending $500 in purchases in the first three months of account opening.

What sets the Bank of America Customized Cash Rewards card apart from the other cards on this list is the ability to select your bonus spending category each month. Those categories include dining, gas, drugstore purchases, travel, home improvement/furnishings and online shopping (including cable/internet/phone plans and streaming services).

• Low intro APR for both purchases and balance transfers.
• Solid cash-back rate on grocery stores and wholesale club purchases.
• Bank of America Preferred Rewards members can earn up to 75% more on rewards.
• Quarterly spending cap of $2,500 in combined purchases for the elevated rewards categories.
• You have to remember to change your bonus category every month based on future spending needs.

Chase Freedom Unlimited cardholders don’t have to worry about spending caps and rotating categories as the card earns a generous unlimited cash-back rate on dining out (or takeout) and drugstore purchases. Other perks include 5% cash back on Lyft rides through March 31, 2025, and a free three-month DoorDash membership. Rewards come in the form of Chase Ultimate Rewards points, which can be transferred for an elevated redemption value for travel to either the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® card.

• Easy-to-earn welcome bonus.
• High cash-back rate for purchases made through Chase Travel.
• Low intro APR for purchases and balance transfers.
• There’s a foreign transaction fee for purchases made outside the U.S.
• Low cash-back rate for all other purchases outside bonus categories.
• To boost your rewards redemption value, you may have to apply for another Chase card that earns Ultimate Rewards points.
• Rewards: 5% cash back on travel purchased through Chase Travel℠, 3% cash back on eligible dining and drugstore purchases and 1.5% cash back on all other purchases.
• Welcome bonus: 1.5% back on everything bought in the first year on up to $20,000 in spending, which is worth up to $300.

If simplicity is your goal, then look no further than the Bread Cashback™ American Express® Card * The information for the Bread Cashback™ American Express® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. (terms apply). There are no bonus categories to opt into or keep track of and cardholders can earn unlimited cash-back rewards with every purchase at a flat rate.

• No spending caps on earning rewards.
• Simple redemption options of either a direct deposit or statement credit.
• No welcome bonus.
• No 0% intro APR offers.
• No travel protections or benefits.

Methodology

​​Our credit cards team has spent hours analyzing hundreds of credit cards. We took a deep dive into the details of each product and that analysis, combined with our years of experience covering credit cards, informed us as we developed these credit card rankings. Factors we considered included:

• Annual rewards: 60%.
• Welcome bonus: 20%.
• Rewards on groceries: 10%.
• Cellphone insurance: 5%.
• Purchase protection: 1%.
• Extended warranty coverage: 1%.

How does cash back work?

With a cash-back credit card you’ll earn a certain percentage of each dollar you spend with the card. For example, if you spend $2,000 on a card that earns a flat 2% cash-back rate on every purchase, you’ll earn $40. Your cash back will usually be awarded as cash, although some cards refer to this cash-back as points.

There are generally four types of cash-back rewards:

• Rotating categories. These cards typically offer elevated cash-back rates of 3% to 5% or more in certain spending categories that can change monthly or quarterly. The bonus rate on rotating categories is often subject to a spending cap, after which you earn the base rate.
• Tiered. Tiered rewards cards mean you can earn a higher cash-back rate by spending in one or more categories and lower cash-back rates in others. Some bonus categories are subject to spending caps while others are not.
• Flat-rate. This a simple cash-back rewards structure where you earn the same flat rate on all purchases.
• Dynamic. These are cash-back cards that offer an elevated earning rate that is automatically applied each month to the category in which you spend the most.

Know that certain transactions, such as balance transfers and cash advances, don’t earn rewards.

The cash back you earn with a credit card can typically be redeemed as a statement credit, as a bank deposit or check, for travel or for gift cards or other options. Some issuers require you meet a minimum threshold before you can redeem your rewards. Each card’s cash-back rewards program comes with its own rules, so it’s best to review the terms and conditions to fully understand any restrictions or limitations. 

Choosing the best cash-back credit card with no annual fee

Deciding on the best cash-back credit card that doesn’t charge an annual fee boils down to three questions you need to ask before you apply:

• How does your household spending align with a particular cash-back rewards program?
• Will you take the time to opt into rotating spending categories every month or quarter?
• Do you tend to carry a balance on your credit card?

If you tend to spend a lot on groceries and gas throughout the month, then getting a cash-back card that offers an elevated rate for spending in those categories makes sense. But if that card only offers an elevated rate in those categories in one quarter, will your spending align with other categories on offer throughout the rest of year? If not, you may want to opt for a simple, flat-rate or tiered cash-back card that offers the same cash back year-round.

If you tend to carry a balance from month to month, know that the interest charges on any unpaid balance will negate whatever you earn in cash-back rewards. If you only revolve a balance once in a while, to either finance a large purchase or if you hit a financial snag one month, then you could either apply for a cash-back card offering an intro APR or choose a card offering a lower-than-average ongoing APR. 

Frequently asked questions (FAQs)

The “best” credit card with no annual fee with a cash-back rewards program will depend on individual spending habits and rewards program preferences. We recommend the Chase Freedom Flex as the best overall no-annual-fee cash-back credit card for most people, but your mileage may vary so consider all the cards on our list to find the right fit for you.

The best benefit of using a cash-back credit card that doesn’t charge an annual fee is that any rewards you earn will not be reduced by the cost of the fee. This means more cash back straight to you.

Some credit cards charge an annual fee in exchange for enhanced benefits — like travel insurance, statement credits (such as a free night award on a hotel card or streaming service credits) or additional perks, such as a very high cash-back rate on certain purchases.

Generally speaking, you can redeem your cash-back rewards as either a statement credit, a check or deposit, for gift cards, travel or shopping online. You’ll need to go to your card’s online rewards portal to select how you want to receive your rewards. Some issuers set a minimum redemption threshold before you can redeem rewards. 

You can have the best of both worlds by choosing a no-annual-fee cash-back card. There is no need to have to choose between a no-annual-fee card or a cash-back card since there are plenty of no-annual-fee cash-back cards available. If you prefer travel rewards over cash back, you can also check out our list of no-annual-fee travel rewards cards .

*The information for the Bank of America® Customized Cash Rewards credit card, Bread Cashback™ American Express® Card and Chase Freedom Flex® has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Julie Stephen Sherrier is a personal finance writer and editor based in Austin, TX. She is the former senior managing editor for LendingTree, responsible for all credit card and credit health content. Before joining LendingTree, Julie spent more than a decade as the managing editor and then editorial director at Bankrate and CreditCards.com. She also served as an adjunct journalism instructor at the University of Texas at Austin.

Allie is a journalist with a passion for money tips and advice. She's been writing about personal finance since the Great Recession for online publications such as Bankrate, CreditCards.com, MyWalletJoy and ValuePenguin. She's also written personal finance content for Discover, First Horizon Bank, The Hartford, Travelers and Synovus.

Robin Saks Frankel is a credit cards lead editor at USA TODAY Blueprint. Previously, she was a credit cards and personal finance deputy editor for Forbes Advisor. She has also covered credit cards and related content for other national web publications including NerdWallet, Bankrate and HerMoney. She's been featured as a personal finance expert in outlets including CNBC, Business Insider, CBS Marketplace, NASDAQ's Trade Talks and has appeared on or contributed to The New York Times, Fox News, CBS Radio, ABC Radio, NPR, International Business Times and NBC, ABC and CBS TV affiliates nationwide. She holds an M.S. in Business and Economics Journalism from Boston University. Follow her on Twitter at @robinsaks.

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4 Reasons That Buying Travel Insurance Will Save You in the Long Run

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While traveling is a great opportunity for relaxation and exploration, it’s no secret that travel comes with many potential risks. From losing luggage to delayed flights to unexpected illness, a variety of things can quickly turn south while traveling. Because of this, many travel and insurance experts recommend travel insurance.

If you can’t afford to lose any money that was invested in an extensive vacation, travel insurance may be a beneficial resource. Here are the reasons experts say consumers may need travel insurance .

If You’re Traveling Overseas

Most domestic health insurance plans don’t cover you if you travel internationally. Therefore, if you get sick or injured, you will have to pay any medical expenses out of pocket.

“For serious conditions like broken bones or a heart attack, paying for hospitalization yourself might not be financially possible,” said Jeremy Murchland, president of Seven Corners Inc. , a travel insurance provider. 

Additionally, even if the country you’re traveling to has universal healthcare, this does not automatically mean you are eligible for free medical care.

“Those services are intended for citizens of that country, not tourists and visitors,” Murchland said. “Even though medical treatment may be less expensive than in the U.S., it’s best not to depend on the universal healthcare system as free treatment is not guaranteed.”

Furthermore, some countries require you to have travel insurance.

“For example, Cuba, Turkey, Thailand and the UAE all require travel insurance for certain visa types, but even if it isn’t required, having at least a basic travel insurance plan is always a smart idea, especially if you’re traveling with children,” said Erika Kullberg, attorney, personal finance expert and creator of Erika.com .

If You Have Preexisting Health Conditions

Some travel insurance plans offer protection for preexisting health conditions as well as medical costs from sickness or injuries.

“While this is often a concern for older travelers, preexisting conditions coverage might be important to travelers of any age, particularly if they suffer from chronic pain and illness,” Murchland said.

Trip Protection Benefits

Many factors, such as lost luggage and flight delays, can heavily impact both your travel plans and your finances. However, travel insurance often comes with trip protection benefits that can reimburse travelers for these exact situations.

“Losing baggage during transit is a nightmare, but a good travel insurance policy can provide compensation for lost, stolen or even delayed baggage items,” Kullberg said. “You can also be covered for any costs incurred due to travel delays, such as food and accommodation expenses.”

Flexibility With Changing Plans

One never knows when unexpected events may require you to change or reschedule your travel plans. Travel insurance offers flexibility when it comes to accommodating these unprecedented situations.

“If you need to cancel at the last minute due to illness or emergency, you can be reimbursed for typically nonrefundable trip costs,” Kullberg said.

“Optional benefits like Cancel for Any Reason (CFAR) and Interruption for Any Reason (IFAR) give you added flexibility to change your plans and still have some of your trip expenses reimbursed, no matter the reason for that change,” Murchland said.

Additional Benefits of Travel Insurance

While the cost of travel insurance ultimately depends on many factors, such as the cost of your trip, investing in travel insurance may be pricey. However, this cost is still a lot lower than the money one may lose when they aren’t reimbursed for a canceled or rescheduled trip.

“In some instances, a $100 policy could save you thousands if you face a cancellation,” Murchland said.

Additionally, for those who like to travel stress-free, travel insurance may be a great benefit.

“Some travelers aren’t bothered at all by the unknown, while others get nervous about a long list of hypothetical things that could go wrong before or during vacation,” Murchland said. “If you fit into the group that tries to avoid risk, you’ll love travel insurance. Instead of stressing about all the what-ifs, you can travel with peace of mind knowing that your coverage will protect your money, health and belongings if the unexpected happens.”

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Acquiring adequate retirement savings doesn't happen overnight. For most people, saving enough for retirement requires decades of dedication and strategic financial planning . But how much do you actually need to save to ensure a comfortable retirement? 

Here are the best retirement plans , calculators, investment strategies, and tips you can use to ensure your retirement savings plan is on track. 

Assessing your retirement needs

Unfortunately, there's no general number to aim for when saving toward retirement. Your target retirement savings goal will differ greatly from your siblings', neighbors', and even your coworkers' goals since the amount you'll need largely depends on personal factors.

However, one rule of thumb applies to everyone: The sooner you start saving, the less effort you'll need to put in to reach your goal, and the better-positioned you'll be later in life. 

According to the 2024 MassMutual Retirement Happiness Study , the average age for retirees in the U.S. is 62. If you were to live to 85, this means you'd need enough money to cover all your expenses (and retirement goals) for at least 22 years. Economic factors like inflation will also certainly impact your savings over time.

Estimating your retirement expenses

Understanding what you expect retirement to look like will help determine how much you'll need to fund that lifestyle. If you plan to travel the world in luxury, your budget will differ from someone wanting to bird watch from the backyard each morning.

In retirement, your savings will cover many of the same expenses you had pre-retirement. This includes costs like food, housing, transportation, clothes, gifts, utilities, insurance (including a health plan), and travel.

In most cases, these expenses won't change much from pre- to post-retirement, which makes creating a budget easier. But if you have big plans for your retirement years (moving to a new state or country, buying a bigger home, increasing travel, etc.), you must calculate how much your new standard of living will cost. 

How much do you need to retire comfortably? 

The first step to adequately saving for retirement is to determine how much you'll need. This means analyzing current and future expenses and deciding how much you can afford to put away each month. You may also want to use a number of different savings and investment vehicles or passive income streams.

Financial advisors suggest saving around 10 times your current salary by the time you reach retirement age. Before you retire, you should aim to reduce your annual expenses as much as possible, including paying off existing debt. This can help stretch your retirement savings for even longer. 

As always, it's wise to consult with a trusted financial planner to help you determine your unique needs and retirement savings strategy.

How much to save for retirement based on your age

One way to see if you're on track to reach a comfortable retirement savings is to aim for a multiple of your current annual earnings. This serves as a rough estimate so you can get a better sense of your situation. Remember that the amount of savings required to ensure a comfortable retirement varies according to your projected retirement costs and even the specific investments you choose for your retirement portfolio.

According to Fidelity , here's how much you should have saved up each decade to meet your retirement goals:

Financial advisors recommend dedicating 15% of your annual income toward retirement. However, depending on your retirement goals, financial obligations, and current assets, you may need to save even more.

Types of retirement accounts (401(k), IRA, etc.)

There are multiple savings vehicles and income streams to consider for building your nest egg. These can affect how much you need to save today, depending on which sources of income are available to you.

Some of the most popular types of retirement accounts include: 

• 401(k) plans: Employer-sponsored investment vehicles with compounding power and tax advantages to help you grow your nest egg steadily over time. Money in a 401(k) can be invested in various securities, and your contributions may even be matched by your employer, amplifying your efforts. Funds can be distributed without penalty beginning at age 59 ½, or earlier with certain exceptions.
• IRAs: IRAs are retirement accounts individuals open through major banks, credit unions, and other financial institutions. The best IRA accounts include traditional, Roth, SEP, and SIMPLE IRAs. IRAs have the same tax advantages as 401(k)s but offer more flexibility over how your funds are allocated.
• Traditional pension plans: Traditional pensions are another employer-sponsored investment vehicle certain businesses offer. With a pension, your employer is responsible for contributing and investing the funds in your account. The amount contributed is determined by employee earnings and years at the business. 

Outside of savings accounts, other ways to generate income during retirement include:

• Social Security benefits: Social Security is a government program that provides individuals with monthly retirement and disability benefits. You can opt-in to start receiving Social Security benefits as early as age 62, but you'll receive lower payments. Financial experts recommend delaying Social Security until you reach full retirement age (age 70). 
• Annuities: Annuities are another retirement income source to consider. They're offered by insurance companies and act as a long-term investment vehicle. After purchasing an annuity — either with a lump sum or periodic purchase payments — you will receive regular payments over the course of your retirement.

Planning for inflation in retirement

Remember to consider inflation and its impact on your savings. For instance, in 2024, there have been inflation rates of 3%, following the 3.3% increase in 2023 and the high 6.5% rate in 2022. Generally, you should account for inflation of approximately 2% per year.

However, certain economic, political, or natural disasters can cause unexpected spikes in inflation. In those cases, you may experience significant financial losses that require you to permanently or temporarily adjust your lifestyle and budget. One of the best ways to hedge against inflation and market downturns is by continuing to invest after retirement . 

Healthcare costs and long-term care planning

Try to account for potential unexpected expenses, such as medical care for you and your spouse or even financially helping a child or grandchild.

"The most common expense that a retiree can ignore (or forget to budget for) is end-of-life expectancy expenses," says Jim Ludwick, a CFP and member at Garrett Planning Network . "This includes caregivers coming to your house, going into assisted living, or skilled nursing. Those are very expensive parts of people's lives. And a lot of times that can eat up quite a bit of savings if it goes on for an extended period of time."

Downsizing and lifestyle adjustments

When planning your retirement lifestyle, consider where you want to live. You may want to downsize depending on your preferred lifestyle, savings amount, and priorities. That said, your priorities may be buying your dream retirement home or moving to a certain location. In this case, be sure that you factor those larger expenses into your budget.

Retirement planning general rules of thumb

While everyone's situation and needs will differ, there are a few primary rules of thumb that most financial advisors follow, which you should consider when determining how much to save for retirement.

Retirement income as a percentage of pre-retirement income

Many financial professionals recommend that you account for between 70% and 80% of your pre-retirement income each year in retirement. This means that if you currently earn $60,000 per year, you should plan to spend between $42,000 to $48,000 annually once you retire. 

This isn't a set rule for everyone, and you may need to even account for more savings. "Many people need to have income streams (or savings and investments) cover 80%, 90%, or even 100% of their pre-retirement budget," Ludwick says. It all depends on your specific expenses now and in retirement.

Saving 15% of your earnings every year

If you start saving for retirement early enough, an annual savings rate of 15% may be sufficient to meet your goals. If you're off to a late start, you may need to save a lot more each year to catch up. 

"As you get older, the amount needed for savings to reach the same end goal roughly doubles every 10 years," says Tolen Teigen, chief investment officer for FinDec . "So, if someone waits ten years to start saving, instead of 30, they are now 40. Instead of 8% to 10% annually, they are now looking at 16% to 20% saved to reach the same end number."

Saving 10 times your income by retirement age

As mentioned above, many financial advisors and firms like Fidelity recommend having approximately 10 times your annual salary saved by the time you reach retirement age. While this may not be exactly what you need, it's a good target to keep in mind as you go. You can always adjust it depending on your projected needs in retirement.

The 4% withdrawal rule 

Many retirees are concerned about running out of money once they reach retirement. The 4% rule may be a good guideline to avoid this. While many factors can affect the actual drawdown process, the 4% rule can be a good place to start if you want to avoid running out of money.

This rule states that retirees can withdraw up to 4% of their retirement savings in year one of retirement. So, if you have $2,000,000 in retirement savings, you would withdraw $80,000 that first year. In year two, you would adjust that $80,000 for inflation and withdraw that amount from your savings.

Keep in mind that while the 4% rule is standard, some financial advisors say your actual withdrawal percentage could be anywhere from 3% to 5%.

Seeking professional advice when retirement planning

There is no one-size-fits-all approach to saving for retirement. Everyone's needs will be different, and so will their approach to saving, including when they start and how much they can set aside each year. Consulting with a certified financial planner or other retirement expert is the best way to understand your unique needs.

"Planning ahead and checking in on your efforts" is key to saving enough for the retirement years, Ludwick says."It's dangerous when you're 75 and realize you're running out of money and you have to move in with a younger sibling or something." 

His advice? "If you want to stay independent, do your homework ahead of time. Think about all those things that could possibly happen. If they don't happen, you're lucky … and your kids and grandkids can have a nice gift that you leave behind."

You can calculate how much you need to retire by assessing your expected expenses, considering your desired lifestyle, current expenses, projected inflation, and healthcare costs. Business Insider's free retirement calculator can help you see if you're on track to secure a comfortable retirement. You can also use other rules of thumb, such as having an annual savings rate of 15%.

The 4% rule in retirement planning suggests withdrawing 4% of your retirement savings each year to prevent you from prematurely running out of money for at least 30 years. It's a general guideline to help estimate how much you need to save. However, some advisors recommend more or less than that rate.

You can maximize your retirement savings by regularly contributing to tax-advantaged retirement accounts like 401(k)s and IRAs to maximize employer matching contributions, investment opportunities, and compound interest. Generally, it's best practice to max out your retirement accounts first. Also, adopt a diversified investment strategy for greater portfolio growth and risk management.

The sooner you start planning for retirement, the easier it will be to compound your savings and reach your goals. Starting in your 20s and 30s allows more time for your investments to grow. It's still possible to catch up if you start in your 40s or 50s by saving more aggressively and adjusting your strategy, but it will be generally more stressful. 

Common mistakes to avoid in retirement planning include underestimating expenses, waiting to start saving, relying too heavily on Social Security, failing to diversify investments, spending too quickly, and not accounting for healthcare costs and inflation. The best way to avoid these common mistakes is by creating a thorough financial plan and consulting a financial advisor.

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HSBC account included Travel insurance ?

By wallis7219 , August 26, 2021 in UK Cruisers

Recommended Posts

We are due to go on a couple of Seacations in September .

trying to get HSBC to confirm their travel Insurance aspects cover will cover the requirements that the Cruise lines are demanding currently, is proving to be somewhat tricky!

Has anyone sailed with any Cunard, Princess P and O with HSBC included account insurance?   

Really don’t want to get to the port and they say it does not cover the requirement.

just looking for a bit of peace of mind, as I think it does but, but trying to get someone from HSBC to confirm this is beyond me currently?   

Just looking for any confirmation of other people’s experience with insurance requirements ?

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23 minutes ago, wallis7219 said: Hello  We are due to go on a couple of Seacations in September . trying to get HSBC to confirm their travel Insurance aspects cover will cover the requirements that the Cruise lines are demanding currently, is proving to be somewhat tricky!   Has anyone sailed with any Cunard, Princess P and O with HSBC included account insurance?    Really don’t want to get to the port and they say it does not cover the requirement. just looking for a bit of peace of mind, as I think it does but, but trying to get someone from HSBC to confirm this is beyond me currently?    Just looking for any confirmation of other people’s experience with insurance requirements ?   Thanks Gary  

I used it on MSC without problem, different cruise line but........

If you follow this link and click "ask Aviva for confirmation of cover" you will get a confirmation that covers staycations and cruise ships, I don't know what you are looking for but I suspect this confirmation will provide what you need, it did for me on MSC.

https://www.hsbc.co.uk/insurance/products/premier-travel/

• 3 weeks later...

busymumofthree

I stumbled across this as I too have HSBC cover.  Thank you for the link, ziggy, - very helpful

Please sign in to comment

You will be able to leave a comment after signing in

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Do I Get Travel Insurance with My HSBC Account

When planning a trip, whether it’s a relaxing vacation or a crucial business journey, travel insurance is a critical consideration. Many banks and financial institutions offer travel insurance as part of their premium account packages. HSBC, one of the largest banking and financial services organizations in the world, provides various types of accounts, some of which include travel insurance as a feature. This article explores whether you get travel insurance with your HSBC account , what kind of coverage you can expect, and how it compares to standalone travel insurance policies.

Types of HSBC Accounts Offering Travel Insurance

HSBC offers several account types, each with distinct features and benefits. Travel insurance is typically bundled with premium accounts, which come with higher fees but offer a range of perks. The main HSBC accounts that include travel insurance are:

• HSBC Premier Account

HSBC Advance Account

The HSBC Premier Account is designed for customers who maintain a substantial financial relationship with the bank. This account comes with a suite of benefits, including worldwide travel insurance. To qualify for an HSBC Premier Account, you generally need to meet certain criteria, such as maintaining a minimum balance, having a mortgage with HSBC, or having a high annual income.

The HSBC Advance Account is a step below the Premier Account but still offers several premium benefits, including travel insurance. This account is geared towards customers who may not meet the Premier Account criteria but still want enhanced banking services. Eligibility for the HSBC Advance Account usually involves maintaining a lower minimum balance compared to the Premier Account.

Coverage Provided by HSBC Travel Insurance

The travel insurance included with HSBC accounts typically covers a wide range of situations. Here are some of the key areas of coverage:

Medical Expenses

One of the most crucial aspects of travel insurance is coverage for medical expenses. HSBC travel insurance usually covers emergency medical treatment, hospital stays, and medical evacuation. This can be particularly important when traveling to countries where healthcare costs are high.

Trip Cancellation and Interruption

HSBC travel insurance often includes coverage for trip cancellation or interruption. This means that if you have to cancel your trip due to unforeseen circumstances, such as illness or a family emergency, you can be reimbursed for non-refundable expenses like flights and accommodation.

Lost or Delayed Baggage

Another common feature is coverage for lost, stolen, or delayed baggage. If your luggage doesn’t arrive on time, the insurance can help cover the cost of essentials you need to purchase in the meantime. If your baggage is lost entirely, the insurance can reimburse you for the value of your lost items.

Personal Liability

HSBC travel insurance typically includes personal liability coverage, which can protect you if you are held liable for injury or damage to property while traveling. This can provide peace of mind knowing that you have financial protection in case of accidents.

Other Benefits

Additional benefits of HSBC travel insurance may include coverage for travel delays, missed connections, and legal expenses. These benefits can vary based on the specific account and the terms of the insurance policy.

How to Access HSBC Travel Insurance

Accessing the travel insurance benefits provided by your HSBC account is usually straightforward. Here are the steps to ensure you are covered:

Confirm Your Eligibility

First, verify that your HSBC account includes travel insurance. This information is typically available in the account terms and conditions or on the HSBC website. If you’re unsure, you can contact HSBC customer service for clarification.

Activate Your Insurance

In some cases, you may need to activate your travel insurance before your trip. This could involve registering your travel details with HSBC or the insurance provider. Ensure you complete any necessary steps to activate your coverage.

Understand the Coverage Details

Read through the travel insurance policy to understand what is covered and any exclusions or limitations. This can help you know what to expect in case you need to make a claim.

Keep Important Documents Handy

When traveling, keep copies of your insurance policy, HSBC account details, and emergency contact numbers with you. This can make it easier to access assistance if needed.

SEE ALSO:  How Long Do I Have to Claim on Travel Insurance?

Comparing HSBC Travel Insurance to Standalone Policies

While the travel insurance provided by HSBC accounts offers comprehensive coverage, it’s important to compare it with standalone travel insurance policies to determine which option is best for you. Here are some factors to consider:

Coverage Limits

Standalone travel insurance policies often offer higher coverage limits for medical expenses, trip cancellation, and other benefits. If you are planning an expensive trip or traveling to a destination with high medical costs, a standalone policy may provide more robust protection.

Customization

Standalone policies can be tailored to your specific needs. For example, if you are engaging in high-risk activities like skiing or scuba diving, you can choose a policy that includes coverage for these activities. HSBC travel insurance may have more general coverage that may not cover all specific needs.

Duration of Coverage

HSBC travel insurance is typically designed for short-term trips. If you are planning an extended stay or multiple trips throughout the year, a standalone annual travel insurance policy might be more cost-effective and convenient.

Pre-Existing Conditions

Coverage for pre-existing medical conditions can vary significantly between HSBC travel insurance and standalone policies. If you have pre-existing conditions, ensure that the coverage provided by HSBC meets your needs or consider a standalone policy that offers better coverage.

The cost of standalone travel insurance policies can vary based on the level of coverage and the specifics of your trip. While HSBC travel insurance is included as part of your account, it’s worth comparing the overall cost of your HSBC account fees to the cost of a standalone policy to determine which option provides the best value.

Making a Claim with HSBC Travel Insurance

If you need to make a claim on your HSBC travel insurance, here are the general steps you should follow:

Contact the Insurance Provider

HSBC works with insurance providers to offer travel insurance. Contact the insurance provider as soon as possible to notify them of your claim. They will provide guidance on the documentation and information required.

Gather Documentation

Collect all necessary documentation to support your claim. This may include medical reports, receipts for expenses, proof of trip cancellation, and any other relevant information. Having thorough documentation can help expedite the claims process.

Submit Your Claim

Follow the instructions provided by the insurance provider to submit your claim. This may involve completing a claims form and submitting it along with your documentation. Ensure you meet any deadlines for submitting claims to avoid delays.

After submitting your claim, follow up with the insurance provider to check on the status of your claim. Keep records of all communication for reference.

Travel insurance is an invaluable resource for any traveler, providing financial protection and peace of mind in case of unexpected events. With HSBC accounts like the Premier and Advance accounts, travel insurance is included as a benefit, offering comprehensive coverage for a variety of situations. However, it’s important to compare this coverage to standalone travel insurance policies to ensure you have the best protection for your specific needs.

Understanding the details of your HSBC travel insurance, including coverage limits, exclusions, and how to make a claim, can help you make the most of this valuable benefit. Whether you’re embarking on a short vacation or an extended trip, having the right travel insurance can make all the difference in ensuring a safe and enjoyable journey.

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Celia Smith is a senior insurance broker and family financial planner. She has been engaged in insurance work for 7 years. We can provide professional insurance consultation and design an insurance plan that suits you. We can help you sort out risks, analyze needs, sort out policies and assist with claims settlement. Business scope: Business insurance, Car insurance, Health insurance, Home insurance, Travel insurance etc.

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HSBC account included Travel insurance ?

By wallis7219 , August 26, 2021 in UK Cruisers

Recommended Posts

We are due to go on a couple of Seacations in September .

trying to get HSBC to confirm their travel Insurance aspects cover will cover the requirements that the Cruise lines are demanding currently, is proving to be somewhat tricky!

Has anyone sailed with any Cunard, Princess P and O with HSBC included account insurance?   

Really don’t want to get to the port and they say it does not cover the requirement.

just looking for a bit of peace of mind, as I think it does but, but trying to get someone from HSBC to confirm this is beyond me currently?   

Just looking for any confirmation of other people’s experience with insurance requirements ?

Link to comment

Share on other sites.

23 minutes ago, wallis7219 said: Hello  We are due to go on a couple of Seacations in September . trying to get HSBC to confirm their travel Insurance aspects cover will cover the requirements that the Cruise lines are demanding currently, is proving to be somewhat tricky!   Has anyone sailed with any Cunard, Princess P and O with HSBC included account insurance?    Really don’t want to get to the port and they say it does not cover the requirement. just looking for a bit of peace of mind, as I think it does but, but trying to get someone from HSBC to confirm this is beyond me currently?    Just looking for any confirmation of other people’s experience with insurance requirements ?   Thanks Gary  

I used it on MSC without problem, different cruise line but........

If you follow this link and click "ask Aviva for confirmation of cover" you will get a confirmation that covers staycations and cruise ships, I don't know what you are looking for but I suspect this confirmation will provide what you need, it did for me on MSC.

https://www.hsbc.co.uk/insurance/products/premier-travel/

• 3 weeks later...

busymumofthree

I stumbled across this as I too have HSBC cover.  Thank you for the link, ziggy, - very helpful

Please sign in to comment

You will be able to leave a comment after signing in

• Welcome to Cruise Critic
• Special Event: Q&A with Laura Hodges Bethge, President Celebrity Cruises
• Hurricane Zone 2024
• Cruise Insurance Q&A w/ Steve Dasseos of Tripinsurancestore.com Summer 2024
• New Cruisers
• Cruise Lines “A – O”
• Cruise Lines “P – Z”
• River Cruising
• Cruise Critic News & Features
• Digital Photography & Cruise Technology
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• Cruise Conversations

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• New to Cruise Critic? Join our Community!

Write Your Own Amazing Review !

Click this gorgeous photo by member SUPERstar777 to share your review!

Features & News

LauraS · Started 9 minutes ago

LauraS · Started Yesterday at 04:08 AM

LauraS · Started Friday at 10:14 PM

LauraS · Started Friday at 01:31 AM

LauraS · Started Thursday at 06:04 PM

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