I don't think there was, and if it did the intermediary banks will still take some fees. However If you had a AU citibank and US citibank accounts you can transfer funds between them without any fees...
Like citibank, if you had an AU account you can transfer to the US fee free. once you have funds in your US account, paying off a US credit card becomes fee free. Benefit of premier is that you can open your US account remotely from AUS.
I agree that the $35 account fee does not make it appealing though, but I believe you still need to be a HSBC premier for fee free global transfers to work.
You are able to access the HSBC Premier benefits if you have:
- A minimum of AUD$500,000 in loans1; or
- A minimum of AUD$200,000 in savings and investments2; or
- A combination of loans1, savings and investments2 totalling a minimum of AUD$500,000 with HSBC Bank Australia Limited; and
- You must maintain an HSBC Premier Cash Management Account. AUD$35 Premier Monthly Service fee applies.
HSBC Global Transfer
For HSBC Premier customers2, HSBC Global Transfer allows you to make instant international transfers between your HSBC accounts across the world with no transfer fees.
Make international money transfers online with HSBC in foreign currency with a low, flat-rate fee whenever, wherever you want.
www.hsbc.com.au