HSBC launches fee-free TransferWise rival

Pedro Gonçalves
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HSBC launches fee-free TransferWise rival

HSBC is launching Global Money Account,  its own fee-free international transfer service, to take on on the likes of Transferwise and Revolut. Global Money Account is launching in the US first, and will be rolled out to other markets in 2021. Customers can get instant access in just five clicks via their existing banking app. "The ambition for Global Money is to provide our customers with one global account for all of their financial needs so that if they move from one market to another...