HSBC Fund and Fly: Earn up to 200,000 bonus miles with a new Everyday Global Account
HSBC has updated its 'Fund and Fly' campaign, offering bonus miles for customers who maintain fresh funds in an Everyday Global Account. The new terms extend the maintenance period to five months but allow funds to be placed in investment or insurance products.
Why it matters
The changes reflect evolving banking strategies to encourage long-term customer deposits and cross-selling of financial products.
Back in April, HSBC launched a new campaign called Fund and Fly , which awarded bonus miles to customers who opened an Everyday Global Account (EGA), transferred fresh funds, and maintained them as deposits for a three-month period.
This campaign has now been renewed until 30 September 2026 , but with some significant changes.
The bad news is that compared to the previous edition, the reward for depositing S$50,000 and S$100,000 has decreased by 7,200 miles , and the maintenance period for fresh funds has increased from three to five months.
However, unlike the previous edition, fresh funds can now be placed into investments and insurance , instead of just deposits. This should reduce the opportunity cost — assuming you know what you’re doing — because the returns on EGA deposits are relatively low.
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