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AUD 100
Min. Transfer Amount
AUD 50,000
Max. Transfer Amount
1 - 2 days
Transfer Speed
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Product Name | HSBC International Money Transfers |
---|---|
Min. Transfer Amount | AUD 100 |
Max. Transfer Amount | AUD 50,000 |
Transfer Methods | Online, Agent, Bank Account to Bank Account |
Transfer Options | Regular payments, One off payments, Market orders, Forward contracts |
Transfer Speed Minimum transfer time | 1 - 2 days |
Customer Service | Phone, Chat, Email, Branch |
Available Currencies | AED, AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, NOK, NZD, PHP, PLN, SAR, SEK, SGD, THB, USD, ZAR |
Online Transfer Fee | AUD 8 |
---|---|
Branch Transfer Fee | AUD 20 |
Exchange Rate Updates | Real time |
If you're looking into sending money overseas, HSBC can offer you security and convenience. 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's competitive transfer rates.
HSBC allows you to make international transfers in a variety of ways, including using the accounts below. Their multi-currency account, the Everyday Global Account, lets you hold up to 10 foreign currencies in your account.
To initiate an international transfer, you must first be an HSBC Personal Internet Banking customer. Then:
HSBC transfer fees depend on how you're sending the transfer and whether you're sending or receiving an international money transfer. Some accounts allow for free international money transfers between HSBC accounts, but others use HSBC's default fee schedule:
Online | In branch | Between qualifying HSBC accounts | |
---|---|---|---|
International money transfer | $8 | $20 | Free |
Note: Transfer fees from November 2020.
A notable advantage of using the HSBC Global Transfers service is that no fees apply to your international transactions — but this only applies to transfers between your own HSBC accounts.
However, a service fee is charged by the bank for every international money transfer you send. You'll be able to review any charges that apply to each transfer before you make your transaction.
You'll need to consider the exchange rate that applies whenever you send money overseas, and HSBC updates its rates frequently to keep pace with market fluctuations. You'll be able to review the live exchange rate that applies to each transaction before you make a transfer — but using the global transfers service to send money between your accounts entitles you to preferential exchange rates from the bank.
Independent transfer services usually win out over banks when it comes to fees. There are several providers who will send a transfer for free with competitive exchange rates, including OFX, XE and TransferWise.
As HSBC is an international bank, you can use the Global Transfers service to send funds to eligible HSBC deposit accounts in more than 45 countries around the world. The maximum amount you can send per day using this service is $100,000.
With international money transfers, you can send your funds to financial institutions in most countries around the world.
Use our comparison calculator to assess the transfer fees, exchange rates and other details for HSBC against our money transfer partners when sending cash overseas.
Whichever option you choose, HSBC transfers the funds to your recipient's account as soon as possible. Transfer requests received by 4pm AEST are processed on the same day, while transfers requested after 4 pm AEST are processed the next business day. If sending a foreign currency, you will still need to allow a few days for settlement.
Bank name | SWIFT/BIC | Bank address | Recipient's name | Recipient's account number |
---|---|---|---|---|
HSBC Bank Australia LTD | HKBAAU2S | HSBC CENTRE FLOOR 11 580 GEORGE STREET SYDNEY | Beneficiary's name as it appears on the bank statement | Complete bank account number |
Established in London by the Hong Kong and Shanghai Banking Corporation in 1991, HSBC Holdings is a multinational financial services provider with roots dating back to the 1860s. The third-largest bank in the world in terms of assets, HSBC has operations across 80 countries and territories around the world.
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.
Whatever the reason you need to transfer funds across international borders, HSBC offers two money transfer options that may be worth considering. But before you decide on the right solution for your transfer needs, compare the features and benefits of a range of providers.