HSBC International Money Transfers Review

Enjoy an extensive range of financial services and transfer money worldwide with HSBC international money transfers.

HSBC Bank operates in Australia and provides a wide range of financial services and products to its customers. The key financial services offered by HSBC Bank include financial planning, payment and cash management services, securities custody and treasury. With a network of over 36 branches across Australia, HSBC offers quality financial services and practical money transfer solutions.

If you need to transfer money overseas, HSBC can help you easily transfer money internationally when on business trips and vacation overseas, or when wiring money to family or friends in other countries.

Product NameHSBC International Money Transfers
Min. Transfer AmountAUD 25,000
Max. Transfer AmountAUD 50,000
Transfer MethodsOnline, Bank Account to Bank Account
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 day
Banking PartnerHSBC
Customer ServicePhone, Email
Online Transfer FeeAUD 25
Phone Transfer FeeAUD 0
Exchange Rate UpdatesReal time

Initiate a money transfer with HSBC using an account below

Rates last updated December 12th, 2017
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
HSBC Day to Day Transaction Account
Visa
$0
$0
Your Visa debit card unlocks special privileges worldwide with the HSBC home&Away Privilege Program.

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Rates last updated December 12th, 2017
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
HSBC Multi Currency Account
AUD 0
3 - 5 days
Online, Bank Account to Bank Account, Cash Transfer, International Money Order
A multi-currency bank account with up to 10 currencies in one account.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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HSBC international money transfers give you a secure and convenient way to transfer money to any bank account within Australia or overseas using internet banking services. With HSBC internet banking, you can manage your account, update passwords and personal details and set up transfers or pay bills no matter where you are. You will also get access to all major currencies and save money on international transfers with HSBC competitive transfer rates.

HSBC’s SWIFT code is HKBAAU2S.

HSBC foreign exchange rates

HSBC offers instant, fee-free money transfers with competitive exchange rates, with customers enjoying preferential foreign exchange rates in their HSBC bank accounts. With a multi-currency account, you can hold up to 10 foreign currencies in your account for more convenience while you are on the move.

CurrencyCurrency Code(Bank Buys) IMT(Bank Sells) IMT
CADCAD1.02580.9718
CHFCHF0.74550.7063
CNYCNY5.20114.9276
EUREUR0.6830.6471
FJDFJD1.59471.4868
GBPGBP0.59390.5627
HKDHKD5.94315.6306
INRINR49.592846.2389
JPYJPY84.862380.4001
NZDNZD1.08061.0237
PHPPHP38.243335.6567
SGDSGD1.05721.0016
THBTHB26.209424.4367
USDUSD0.75850.7265
ZARZAR9.96689.2927

*Rates are current as of May 30, 2017.

How much does it cost to transfer money?

HSBC money transfers enable you to safely transfer funds to your friends or family overseas or back in Australia from more than 45 countries. The default amount you can send via internet banking is $25,000 at a fee of $25, though you can raise this limit and conduct a telegraphic transfer of up to $100,000. In addition, you can save $5 for each overseas transfer using the HSBC internet banking service.

Minimum transfer amount and available countries

HSBC gives you the capability to make online payments and transfer money to personal accounts using its internet banking service. You can transfer up to $500,000 daily between your HSBC personal accounts linked under your internet banking profile, while the limit for daily local and international transfers to other personal accounts is $50,000.

For business accounts, the daily default limit for transfers between HSBC accounts is $500,000, while transfers to third-party business accounts in Australia and across the globe have a daily limit of $25,000. Daily transfers via the BPAY service are limited to $25,000, though customers can adjust this limit by visiting their online profile.

The registration and transfer process

Having access to HSBC international money transfer services requires that you register for online internet banking with a Personal Banking Number, an Access Code and an online security device which you can either obtain from HSBC branches or receive by mail if you register online. Here are the steps you need to follow to register for internet banking:

  • 1. Click on the registration link on the HSBC internet banking page.
  • 2. Enter your Personal Banking Number and Access Code.
  • 3. Set up your personalised username and password.
  • 4. An online security device will then be mailed to your address so you can activate your online service and transfer funds freely from your HSBC personal or business account.

Why choose HSBC international money transfer?

  • Secure money transfer. HSBC views your security as a top priority, ensuring that your details and funds are secure while making online transfers. Once you register for online banking, you receive a security device that boosts the safety of all your transactions, while the bank also offers you the best encryption available today to ensure your personal details are safe.
  • Wide coverage. HSBC offers you a convenient way to access your money all over the globe, with over 375 centres worldwide and more than 36 branches and offices within Australia. The bank has established a presence in more than 45 countries and territories, allowing you to access your money no matter where you are.
  • Mobile banking. This service allows you to transfer funds, make payments and manage your account from your mobile device, saving you time.

What other products and services does HSBC offer?

  • HSBC Business. This is a service designed to assist businesses that trade internationally to take advantage of opportunities overseas. HSBC provides a range of business accounts to help such organisations with banking solutions, plus it also provides working capital solutions to help international businesses manage their cash flow efficiently.
  • Financial planning. HSBC provides a range of financial planning services, offering you personalized strategies to help you secure your family’s financial future, manage your investment portfolios and help you prepare for retirement.
  • Financial assistance. HSBC provides financial assistance in loans and mortgages, with HSBC premier customers getting access to low-rate premier home loans.

What are the pros and cons of using HSBC?

Pros

  • Instant transfers. With HSBC internet banking, you can make instant, fee-free money transfers between your domestic HSBC and international accounts.
  • Multi-currency account. If you are a frequent traveller and are in constant need of different foreign currencies, you can benefit from the HSBC multi-currency account that allows you to hold up to 10 foreign currencies.
  • Global safety net services. Your children or family abroad can get emergency access to your HSBC premier account, up to $2,000 in emergency cash or next-day card replacement services, should they lose or misplace their credit cards.

Cons

  • Limits and charges. There is a default limit on how much you can transfer internationally. Money transfer charges also apply.

Frequently asked questions

Immediate transfers cannot be cancelled, although scheduled transfers can be cancelled up to a day before the request is implemented. You can schedule transfers for up to 18 months in advance.

You are required to use this code on any incoming money transfers to your Australian HSBC account from international bank accounts.

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International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

Exclusive: OFX (Ozforex) International Money Transfers

Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.

Exclusive: WorldFirst International Money Transfers

Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.

FC Exchange International Money Transfers

FC Exchange can save you money with its Best Exchange Rate Guarantee. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in 43 currencies.

Ask an Expert

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36 Responses

  1. Default Gravatar
    DavidSeptember 26, 2017

    I am non resident, and I have never borrowed money from any bank.

    • Staff
      DanielleSeptember 26, 2017Staff

      Hi David,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You may refer to this page for options that may suit your needs. It may also serve as a reference guide.

      I hope this helps.

      Cheers,
      Danielle

  2. Default Gravatar
    TurcerNovember 26, 2016

    I want to open a Basic HSBC Account in TURKEY before I go back to Sydney and again I want to open HSBC Day to Day Account in Australia as well.
    From Turkey fees seems more high but from Australia fees are low for transferring money .
    The same account holder but different HSBC branch one in Turkey one in Australia
    My question is whats my money transfer options what will be the fees for transferring money from account to account on line banking with HSBC.
    Thank you for your time and help.
    Kind Regards,
    Turcer

    • Staff
      ClarizzaNovember 28, 2016Staff

      Hi Turcer,

      Thanks for your question.

      We have been in touch with HSBC with your query and will get back to you at the earliest.

      Regards,
      Clarizza

  3. Default Gravatar
    syimaOctober 24, 2016

    im from malaysia . can i change money ghana to ringgit malaysia ? can u show how i want to do .

    • Staff
      ClarizzaOctober 24, 2016Staff

      Hi Syima,

      Thanks for your question.

      HSBC is an international bank that offers money transfer services on certain products. To use this service, you will need to open either the HSBC Day to Day Transaction account or the HSBC multi-currency account. You can begin the process of opening either of those by clicking the ‘Open’ button once you are ready.

      HSBC offers online international money transfers which means the transfer typically takes place through the HSBC internet banking platform.

      Regards
      Clarizza

  4. Default Gravatar
    sizweOctober 10, 2016

    Greetings!
    Need to find out whether does this program accept all international banks when doing transfers?

    • Staff
      ClarizzaOctober 12, 2016Staff

      Hi Sizwe,

      Thanks for your question.

      Yes, HSBC accepts transfers from all around the world. Please note, we are a general comparison website and as such provide general advice only.

      Regards,
      Clarizza

  5. Default Gravatar
    kennethJuly 6, 2016

    What is the possibility to transfer Iranian Rial to a designated HSBC US Dollar account ???

    • Staff
      ClarizzaJuly 7, 2016Staff

      Hi Kenneth,

      Thanks for your question. As you may be aware, there are currently sanctions in place between the U.S and Iran that may restrict international banks from dealing in the Iranian market.

      It’s best to check with your bank first and find out what you can do to send money to the U.S. It should be noted, we are a comparison website and as such provide general advice only.

      Hope this helps.

      Clarizza

    • Default Gravatar
      JanuDecember 30, 2016

      Hi there,
      Does HSBC transfer the money from Hong Kong to Myanmar’s bank? I been trying for so long. And haven’t try with HSBC.
      If yes please let me know the detail.
      Thanks a lot.

    • Staff
      MayJanuary 1, 2017Staff

      Hi Janu,

      Thanks for your inquiry.

      As finder.com.au is an Australian third party comparison website, I’m afraid we can’t advise whether the HSBC in Hong Kong can transfer money to bank account in Myanmar. Best to contact HSBC Hong Kong to confirm this.

      Cheers,
      May

  6. Default Gravatar
    DaisyJune 25, 2016

    If I want to transfer money from HSBC melbourne to HSBC Hong Kong. However, I don’t have an HSBC account. Can I go to the branch with cash and ask them to put it into an HSBC Hong Kong account? How much fee would be applied?
    Thank You!

    • Staff
      ClarizzaJune 28, 2016Staff

      Hi Daisy,

      Thanks for your question.

      You can certainly transfer money to HSBC Hong Kong, however you would need to open an account.

      Online transfers will incur a $20 fee while bank transfers will incur a $25 fee. Please note, there may be a limit to the amount you transfer so it’s best to check this with HSBC.

      You can also send money through an international money transfer – our page might help you compare services or you can contact an FX expert on the form at the bottom of that page.

      Hope this helps.

      Clarizza

  7. Default Gravatar
    MarcusMay 11, 2016

    Can I send TT from my HSBC HK a/c to CB bank in Myanmar?

    • Staff
      ShirleyMay 11, 2016Staff

      Hi Marcus,

      Thanks for your question.

      Since finder.com.au is an Australian comparison service, we can’t confirm whether you can send a TT from your HSBC HK account. This will depend on the regulations in place for Hong Kong.

      In this case, it’s best to speak to a HSBC UK representative to confirm.

  8. Default Gravatar
    KarenApril 22, 2016

    Hello,
    Just wanna ask why it took so long to received the transfer that sent to my account? Its from HSBC HONGKONG .Its been 10 days since it was transferred

    • Staff
      ShirleyMay 2, 2016Staff

      Hi Karen,

      Thanks for your question.

      Please note that finder.com.au is a third party comparison site and is not a product issuer. For direct account enquiries related to HSBC, please speak to them directly.

      All the best.

  9. Default Gravatar
    ShawnJanuary 5, 2016

    Can can I stop immediate transfer from my hsbc bank account to other foreign bank account???

    • Staff
      ShirleyJanuary 5, 2016Staff

      Hi Shawn,

      Thanks for your question.

      If you schedule a transfer to be processed immediately, you may not be able to stop the transfer. Any other scheduled or recurring payments can be cancelled up to one full business day before the requested transfer date. Choose the ‘Transfers’ option and select ‘Future Transfers’ and follow the instructions to change or cancel the instruction.

      Cheers,
      Shirley

  10. Default Gravatar
    ErangaOctober 28, 2015

    Hi ,
    I want to Transfer S$600000.00 from HSBC in Singapore to My HSBC account in Melbourne.
    To This Do I have to become a HSBC Premier Account Holder or can I Do this with a HSBC Normal Account Holder? Which is the best Option?
    Thanks
    Eranga

    • Staff
      ShirleyOctober 28, 2015Staff

      Hi Eranga,

      Thanks for your question.

      You can complete this international money transfer as a regular HSBC account holder.

      Please note finder.com.au is not in a position to advice what your best options are – this question is best directed to the customer service team at HSBC.

      Cheers,
      Shirley

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