HSBC Fund and Fly: Earn up to 200,000 bonus miles with a new Everyday Global Account

Back in March 2026, HSBC launched a new campaign called Fund and Fly, which awarded bonus miles for opening an Everyday Global Account (EGA), transferring fresh funds, and maintaining them as deposits for a three-month period.

The campaign was subsequently revised in August, reducing the reward for depositing S$50,000 and S$100,000 by 7,200 miles, and increasing the maintenance period for fresh funds from three to five months.

On the plus side, however, fresh funds could now be placed into investments and insurance instead of just deposits, reducing the opportunity cost. It was also made available to HSBC Premier customers, with significantly more generous returns.

Fund and Fly has now been extended by another three months until 31 December 2026, with the terms remaining largely the same

HSBC extends Fund and Fly offer

From 1 October to 31 December 2026, customers who open a HSBC Everyday Global Account and deposit fresh funds will receive up to 200,000 bonus miles, based on the amount they deposit.

This offer is available to customers who:

• Do not have an existing HSBC Personal Banking or Premier relationship, and
• Did not have a HSBC Personal Banking, Premier or Premier Elite relationship during the 12-month period prior to 1 October 2026

Both new and existing HSBC credit cardholders are eligible to participate. In fact, you will need a valid HSBC credit card (specifically a HSBC Premier Mastercard for HSBC Premier customers) to receive the bonus HSBC Points from Fund and Fly.

If you’re starting a HSBC Premier relationship under the Fund and Fly promotion, do note that you must register and complete this form, indicating “Fly” under the campaign/event code field. This will exclude you from the HSBC Premier Welcome Rewards Promotion (but not the HSBC Premier Mastercard welcome offer; see below).

How long must the funds be maintained?

The fresh funds must be maintained for a five-month period, as illustrated in the table below.

For example, if your EGA was opened in October 2026, funds must be deposited by 31 October 2026, and maintained until 31 March 2027. You will then receive the bonus HSBC Points by 31 May 2027.

However, you don’t necessarily have to maintain those funds as deposits. You also have the option of placing those fresh funds into eligible investment or insurance products, defined as:

• Unit Trust, Bond, Structured Products and Equity purchased: Actual Placement amount (in SGD)
• Foreign Exchange (FX): Actual Placement amount (in SGD). Eligible FX transactions include Exchange Now / Everyday Global Account Transfers, FX Order Watch, Worldwide Transfers, Global Transfers, Global Money Transfers, Union Pay, Branch transactions.
• Dual Currency Plus: Actual Placement amount (in SGD)
• Regular Premium (“RP”) insurance policy: 3 times the Annual First Year Premium (“AFYP”) of the relevant RP insurance policy (in SGD).
• Single Premium insurance policy: Actual single premium amount paid (in SGD)

Eligible investment or insurance products exclude the following:

• Any investment product or insurance policy that is cancelled during the cancellation period of 7 days;
• Any insurance policy that is cancelled during the free-look period of 14 days;
• Investments or insurance placed through CPF investment schemes;
• Any investment product that does not levy an initial sales charge or front end load; and
• Money Market Funds, i.e. the following:
  • FSCFS: Fullerton SGD Cash Fund
  • HULFA: HSBC US Dollar Liquidity Fund
  • HGLFE: HSBC EUR Liquidity Fund
  • HGLFS: HSBC Sterling Liquidity Fund
  • HSGLF: HSBC Singapore Dollar Liquidity Fund

Customers are also required to opt in to marketing communications and log on to the HSBC SG app by the Fresh Fund Credit Date (i.e. the end of the month in which you opened the account).

No stacking with EGA bonus interest promotion

This promotion is not stackable with the Everyday Global Account Bonus Interest Promotion.

In other words, during the five-month maintenance period for Fund and Fly, you will not be eligible to earn bonus interest on the incremental deposits to the EGA — though remember, you’re not obligated to keep those funds in deposits anyway.

Terms & Conditions

The T&Cs of the Fund and Fly promotion can be found here.

What can you do with HSBC Points?

HSBC Points can be transferred to 20 airline and hotel partners, at the ratios shown in the table below.

✈️ HSBC Airline Partners
Frequent Flyer Programme	Conversion Ratio (HSBC Points : Partner)
	50,000 : 10,000
	35,000 : 10,000
	35,000 : 10,000
	35,000 : 10,000
	35,000 : 10,000
	35,000 : 10,000
	30,000 : 10,000
	30,000 : 10,000
	25,000 : 10,000
	25,000 : 10,000
	25,000 : 10,000
	25,000 : 10,000
	25,000 : 10,000
	25,000 : 10,000
	25,000 : 10,000
	12,500 : 10,000

🏨 HSBC Hotel Partners
Hotel Programme	Conversion Ratio (HSBC Points : Partner)
	30,000 : 10,000
	25,000 : 5,000
	25,000 : 10,000
	25,000 : 10,000

The crucial thing to understand is that not all partners share the same transfer ratio. Therefore, the value of the Fund and Fly bonus depends on which partner you choose.

All conversions must be done via the HSBC Singapore app (Android | iOS) and are processed instantly, with the exception of the following:

• Hainan Fortune Wings Club: Within 5 business days
• Japan Airlines Mileage Bank: Within 10 business days

Conversions are free of charge until further notice, and HSBC Points are pooled across cards.

While the minimum transfer block is 10,000 miles/points (Accor: 5,000 points), the subsequent block is just 2 miles (Accor: 1 point). In other words, you could choose to transfer 10,002 miles or 20,958 miles, which helps you avoid orphan points.

Earn up to 8 mpd with HSBC Revolution

	Regular	Enhanced*
Dining	4 mpd Online Contactless	8 mpd Online Contactless
Shopping	4 mpd Online Contactless	8 mpd Online Contactless
Transport & Member Clubs	4 mpd Online Contactless	8 mpd Online Contactless
Travel	4 mpd Online Contactless	8 mpd Online Contactless
Bonus Cap	S$1,000 per c. month	S$1,200 per c. month
*Defined as cardholders who maintain a minimum ADB of S$50,000 in SGD in a sole HSBC EGA account for that month

One of the biggest perks of opening a HSBC EGA is unlocking enhanced earn rates on the HSBC Revolution.

Cardholders who maintain a minimum deposits ADB of S$50,000 in a sole HSBC EGA will earn 8 mpd on up to S$1,200 of bonus-eligible transactions per calendar month, compared to 4 mpd on up to S$1,000 for regular cardholders.

The catch is that the S$50,000 must be held in deposits only, so you’ll need to weigh the opportunity cost involved.

Stack with HSBC Premier Mastercard welcome offer

The HSBC Premier Mastercard recently extended its 58,200 miles welcome offer until 31 October 2026, which is stackable with the Fund and Fly promotion. 

A new HSBC Premier customer who deposits the minimum of S$200,000 could receive a total of 118,200 bonus miles (60,000 bonus miles from Fund and Fly, 58,200 bonus miles from HSBC Premier Mastercard).

The HSBC Premier Mastercard welcome offer also includes a $200 Apple voucher — though the voucher is subject to an eligibility quota of 800 customers. 

Conclusion

HSBC has extended its Fund and Fly offer, which offers up to 200,000 bonus miles to customers who open an Everyday Global Account and maintain fresh funds of S$50,000 to S$600,000 for a five-month period.

Unlike the original offer, which required the fresh funds to be held in relatively low-yielding deposits, customers now have the flexibility to buy investment or insurance products instead. Moreover, you can stack Fund and Fly with the ongoing HSBC Premier Mastercard welcome offer, since you’ll have to maintain a minimum AUM anyway for the Premier relationship.