HSBC supports families in the United Arab Emirates in planning and financing their children’s overseas education journeys.
For families in the United Arab Emirates, international education is often one of the most significant long-term financial goals, with a three- to four-year degree in destinations such as the US, UK, Australia, or Canada costing between $192,000 and $256,000 per child. HSBC’s Quality of Life research suggests that many parents still plan to fund this without a structured financial strategy, despite the clear advantages of early preparation.
HSBC has positioned its wealth and Premier services to support globally mobile families, offering tools like the Future Planner in its UAE mobile banking app to help estimate savings needs and timelines. It also provides multi-currency accounts, investment options including mutual funds, bonds, and ETFs via World Trader, and wealth accumulation plans tailored to different risk profiles and time horizons.
When students are ready to relocate, HSBC Premier customers can open overseas accounts in countries such as the UK, US, Australia, and India before departure, and transfer funds across accounts globally using Global Transfers without HSBC fees. The bank also connects families with education partners offering admissions support and accommodation assistance in major study destinations, including for those with strong ties between the United Arab Emirates and India.
“Internationalism is at the heart of HSBC,” said the bank, which serves as Banking Partner of Gulf News Edufair. “We are proud to bring that connectivity to families in the United Arab Emirates who are planning for their children’s future.”
To learn more about HSBC’s services, visit HSBC UAE.
