PowerVantage Account (PVA) is a unique customer proposition that is designed to meet your financial needs with a range of exclusive services.
As a PowerVantage customer, you will enjoy free personal accident insurance coverage.
You can issue standing instructions to have funds transferred between your current account and savings accounts, enabling you to better manage your funds and obtain a higher rate of interest, free of charge.
You can set up standing instructions of any fixed amount to be paid to selected parties' accounts with HSBC, free of charge.
To enjoy the benefits of PowerVantage, you need to maintain an average deposit balance of BDT1M (One million Taka only) or minimum gross monthly salary income of BDT150,000 (One Hundred Fifty Thousand Taka only) processed through HSBC. The annual membership fee is just BDT500 (Five Hundred Taka only)+15% VAT.
The Bank will levy a charge of BDT 200 (Two Hundred Taka only)+15% VAT per month if the average deposit balance falls below BDT1M (One million Taka only) or if monthly salary of BDT150,000 (One Hundred Fifty Thousand Taka only) is not being processed through HSBC on any given month. The service charge will be debited from your PowerVantage Account.
*Conditions apply