Banking clients with an annual income of £75,000 or more can now get a "portable" credit history val...
Banking clients with an annual income of £75,000 or more can now get a "portable" credit history valid across borders in a select number of countries that HSBC operates in, the bank says today.
Its new "Premier" service should make it much easier for people moving abroad to live and work to obtain credit, lease somewhere to live or even get a mobile phone contract, the bank says.
HSBC will start the cross-border facilities of the service in eight markets: the UK, Canada, France, Hong Kong, India, Jersey, the USA and the United Arab Emirates.
Although the facilities are primarily targeted at people moving between countries for living or work purposes, there may be some advantages to onshore residents. The bank says clients also get access to "a full tax advisory service offered by Deloitte & Touche at preferential rates, saving up to 50% on their usual tariff" - which may be the more worthwhile side benefit for new customers.
Joint incomes of more than £100,000, savings and investments of £30,000 and more, or a mortgage of more than £150,000 held with HSBC also qualify customers for a Premier account.
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