HSBCHSBC The world's local bank

Making payments

Making payments

Streamline your payment process

Be covered for your lifetime.
Pay Cashiers Orders and Demand Drafts Make bulk payments Special rates Access via Internet Banking
Yes Yes Yes Yes

Here's what you get:

  • International telegraphic transfers - send overseas payments quickly and efficiently. Enjoy same day payment processing, provided you transfer funds within the currency cut-off times
  • Central Bank transfers - make urgent, same-day local currency payments within the UAE
  • In-house transfers - make instant electronic money transfers to anyone with an HSBC account

More great benefits:

  • Bulk Payments - accelerate your transactions securely, particularly when you need to make large-volume, low-value recurring payments
  • Cashier's Orders - make secure, low-cost AEDpayments and avoid carrying large amounts of cash or personal cheques
  • Demand Drafts - transfer non-urgent foreign currencies securely and swiftly, plus make multiple delivery options

Plus:

  • Standing instructions - automatically pay your recurring domestic, international or in-house payments, in both fixed or varied amounts

We offer RMB current account, RMB call account and RMB term deposit.

Outward remittances 1,2,3 Electronic 4 Smartform 5 Manual 5
Book transfer to own accounts within HSBC UAE Free Free AED10
Book transfer to other accounts within HSBC UAE Free Free AED10
International telegraphic transfer AED50 AED110 AED125
Local/Central bank telegraphic transfer AED40 AED90 AED100
Penalty fee for insufficient funds AED25 AED50 AED50
Payment Referral - Submission of incomplete instruction 11 No Charge AED25 AED25
Invalid/Non IBAN - Repair charges for AED/FCY AED25 AED25 AED25
Additional charge to send telegraphic transfers in full (all charges to debit account/charges OUR)
- Within HSBC Group AED50
- Outside HSBC Group AED100
Domestic AEDpayments via UAEFTS AED25
Cheque Outsourcing (COS)
Cheque Outsourcing One Time Set Up Fee with Signature option AED300
Cheque Outsourcing One Time Set Up Fee without Signature option AED250
Cheque Outsourcing Monthly Fee AED200
Cashier Orders - through COS AED6
Demand Drafts - through COS AED15
Company Cheque - through COS AED4
Cashier order (COC)/Demand draft (DD) Electronic 4 Smartform 5 Manual 5
COC AED30 AED40 AED40
International DD issuance AED10 AED20 AED20
COC / International DD Cancellation or Stop Payment AED150
Inward Remittances
Central Bank UAE FTS Inward Credits AED25
Foreign Currency Inward Credits AED25 13
Foreign currency inward credits (Involves currency exchange) Free 13
Autopay-Out Electronic DISKETTE 6 Manual 7
Issued to HSBC accounts (Local Currency) per item Free AED2 AED5
Issued to Third Party Bank accounts (Local Currency) per item AED5 AED5 AED10
Additional Fee by Channe Free AED250 per Excel AED450 per schedule
Wages Protection System (WPS)
Issued to HSBC accounts (Local Currency) per item Free AED5 N/A
Issued to Third Party Bank accounts (Local Currency) per item AED5 AED7
Additional Fee by Channel Free AED250 per Excel
WPS Funding Account Transfer 8
WPS Funding Account Transfer Request AED1000 per request per exchange house
Penalty fee for insufficient funds - Autopay/WPS AED25 AED50 AED50
Payment Referral - Submission of incomplete instruction No charge AED50 AED50
Standing instructions (SI) Electronic 4 Manual 5
Set up Free AED50
Amendment Free AED100
Penalty fees AED50 AED50
Cancellation of SI Free AED25
Payment - Post processing services - TT/ACH/Autopay
Payment Investigation (Amendment/ Cancellation / Recall of Remittance funds/Beneficiary claims non receipt) 10 AED150 + AED80 per follow up cable message (maximum charge of AED500), Correspondent Bank charges if any
Returned items – AED9 AED25
Returned items - Other Currency AED100
Retrieval of swift copies/customer payment instruction/transaction data - TT/ACH/Autopay/WPS
Retrieval of data up to 3 months AED50
Retrieval of data for more than 3 month history AED150
HSBCNET Channel
Charge includes:
- 5 Security Devices
- Accounts setup
- Initial Training
 AED500
Additional Setup charges for HSBCnet File Upload – Basic AED500
Additional Security Device (per token) AED50
Additional Training (per Visit) AED400
Password Reset Free
Additional system Administrator Free
Portfolio Maintenance – Basic AED300
Portfolio Maintenance – Premium (Including File Upload and Customer alerts) AED500

Notes:

1) These are HSBC UAE (HSBC) charges only. Other beneficiary bank (ie third-party bank or other HSBC Group office) charges may be deducted from the remitted amount.

2) The beneficiary of a remittance may be required to pay additional charges depending on the conditions set by the remitter, remitting bank or beneficiary bank.

3) The prevailing exchange rate will apply to all cross-currency transactions.

      • Value date is subject to local payment cut-off times and holidays
      • In cases where the correspondent/intermediary charge claims are substantially higher than the above fee, HSBC reserves the right to
        recover the difference
      • Some beneficiary banks may deduct charges from remitted account. In cases where the correspondent/intermediary charge claims
        are substantially higher than the above fee, HSBC reserves the right to recover the difference
      • Only through an electronic banking channel

4) Electronic: Payment instructions originating from electronic banking channels (HSBC Connect, HSBCnet, SwiftNet, Automated Standing Structure) and diskettes (CD or DVD disks).

5) Manual: Payment instructions originating from branches (excluding diskette drop-offs) and telephone banking.

6) If one diskette contains several files, each file will be charged separately.

7) Paper schedule is a discontinued service.

8) If a customer wishes to make their WPS payment through an exchange house, but needs to fund the exchange house from their account with HSBC, they need to submit to WPS funding account transfer request.

9) Returned items: When a third-party bank is unable to process an HSBC payment instruction due to incomplete or incorrect payment details as issued by an HSBC customer.

10) Payment investigation: When an HSBC customer raises a special request to HSBC for investigation of an issued payment instruction.

11) Payment referral: When HSBC is required to refer the payment instruction to an HSBC relationship manager for approval or back to an HSBC customer for additional information.

12) The schedule of fees and charges may change with 30 days notice.

13) Inward payments received by the customer may be subject to corresponding banking fees, which may be deducted from the proceeds of payment.

14) As a consequence of executing transactions as a Bank, HSBC Bank Middle East Ltd may receive, give or share the commission, charges or income/revenue with other entities. The fees, charges or commission changed directly by HBME from its customer will be as per the applicable schedule of tariff or otherwise agreed with the customer.

Be covered for your lifetime.
Pay Cashiers Orders and Demand Drafts Make bulk payments Special rates Access via Internet Banking
Yes Yes Yes Yes

Here's what you get:

  • International telegraphic transfers - send overseas payments quickly and efficiently. Enjoy same day payment processing, provided you transfer funds within the currency cut-off times
  • Central Bank transfers - make urgent, same-day local currency payments within the UAE
  • In-house transfers - make instant electronic money transfers to anyone with an HSBC account

More great benefits:

  • Bulk Payments - accelerate your transactions securely, particularly when you need to make large-volume, low-value recurring payments
  • Cashier's Orders - make secure, low-cost AEDpayments and avoid carrying large amounts of cash or personal cheques
  • Demand Drafts - transfer non-urgent foreign currencies securely and swiftly, plus make multiple delivery options

Plus:

  • Standing instructions - automatically pay your recurring domestic, international or in-house payments, in both fixed or varied amounts

We offer RMB current account, RMB call account and RMB term deposit.

Save time and reduce paperwork, with one payment process for your business.

Ready to apply? Have us call you

 

How to apply

Are you already an HSBC UAE customer?

Or call: 600 54 0004

What if I'm not eligible

HSBC works to develop products and services to meet your requirements. To simplify the criteria for each product we provide a minimum salary or deposit criteria.

Find out more about Making Payments

Thank you for wishing to bank with HSBC. To apply for this product simply click Apply Now to fill out your details and let one of our experienced HSBC representatives call you back. Alternatively you can call us on the number below, whatever is more convenient for you.

Or call: 600 54 0004