Originally Posted by
kentchristopher
If it helps, I
think Chase Sapphire checking has free incoming and outgoing wire transfers including free international wire transfers. Worth double checking but it's mentioned
here.
So do you maintain premier status as long as the foreign account has an average balance over $75k if converted to USD based on daily rates? Or does the foreign account have it's own bar in the local currency (e.g. 60k EUR)? I'd also be curious to here what HSBC's exchange rates are like compared to other options (I see TransferWise mentioned a lot).
Your premier status is maintained by keeping the average balance in the home country currency. Each country has it's own level - many of which differ from the $75k USD limit set here in the US. For example, Australia HSBC requires one to maintain a savings balance of AUD150,000. Canada requires 100,000 CAD. UK requires 50,000 GBP. Etc.