Review: HSBC international money transfers

&

Last updated:  

Transfer money abroad and enjoy a range of banking services with HSBC.

Quick verdict

Good for
  • The security of a well-known, international bank
  • Convenience if you're already with HSBC
  • A multi-currency account which stores up to 10 currencies
Not so great for
  • Users who want better exchange rates
  • Competitve fees
  • Fast transfers

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

AUD 100

Min. Transfer Amount

AUD 50,000

Max. Transfer Amount

1 - 2 days

Transfer Speed

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product NameHSBC International Money Transfers
Min. Transfer AmountAUD 100
Max. Transfer AmountAUD 50,000
Transfer MethodsOnline, Agent, Bank Account to Bank Account
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Chat, Email, Branch
Available CurrenciesAED, AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, NOK, NZD, PHP, PLN, SAR, SEK, SGD, THB, USD, ZAR
Online Transfer FeeAUD 8
Branch Transfer FeeAUD 20
Exchange Rate UpdatesReal time

Pros

  • Multi-currency account available.
  • Global safety net services.
  • Instant transfers within HSBC.

Cons

  • Limits on how much you can transfer.
  • Extra fees in comparison to some other money transfer services.
  • Limited number of currencies.

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.

How do I make an HSBC international money transfer?

To initiate an international transfer, you must first be an HSBC Personal Internet Banking customer. Then:

  1. Log in to your HSBC Personal Internet Banking account.
  2. Select the My HSBC tab and click Pay or transfer under the Move Money section.
  3. Select the account you wish to make a payment from, then click the New Payee tab.
  4. Click the Wire transfer tab and follow the onscreen instructions to complete the international money transfer request.

HSBC international money transfer fees

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:

OnlineIn branchBetween qualifying HSBC accounts
International money transfer$8$20Free

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.

HSBC exchange rates

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.

Must read: Who charges less

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.

Transfer limits and available countries

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.

See how other services compare to HSBC

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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 1.99 0.768 USD
7,675
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.77 USD
7,700
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.77 USD
7,700
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.77 USD
7,700
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.77 USD
7,700
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 day AUD 52.00 0.769 USD
7,652
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.765 USD
7,644
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 0.769 USD
7,692
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.773 USD
7,686
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.765 USD
7,652
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.764 USD
7,635
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.773 USD
7,696
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What types of transfers can I make with HSBC?

  • Wire Transfers. Send money from your HSBC deposit accounts to other people, businesses and financial institutions around the world. Initiate a transfer through your online account, completing an online transfer request form with your recipient's name, address and bank account number. You'll also need to supply your recipient bank's routing number or SWIFT code.
  • Global Transfers. HSBC Premier account holders can use HSBC's Global Transfers, which allows you to send up to $100,000 USD (in AUD equivalent) per transaction per day between your eligible HSBC deposit account (except CDs and online payment accounts) and your HSBC accounts throughout the world. No fees are attached to these transfers, and you can initiate them by logging on to your personal Internet banking account.

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.

Pros and cons of using HSBC

Pros

  • Trusted global bank. HSBC is one of the biggest banks in the world.
  • Secure and convenient. Whether you're sending HSBC global transfers or an international money transfer, HSBC offers safe and easy international money transfer solutions.
  • Same-day transfers. International money transfers initiated before 4 p.m. AEST are processed by HSBC on the same day.

Cons

  • International money transfer fees. You'll need to pay a service fee for each international money transfer you send to a non-HSBC account or an HSBC account that does not belong to you. Check the prepayment and receipt disclosures associated with your account to confirm the fee you'll pay for each transaction.
  • Security device. You may be required to obtain an HSBC security device that requires two-factor authentication to make a transfer. You have the option of using a digital device via the HSBC mobile banking app or a portable physical device.

HSBC SWIFT/BIC information

Bank nameSWIFT/BICBank addressRecipient's nameRecipient's account number
HSBC Bank Australia LTD

HKBAAU2S

HSBC CENTRE FLOOR 11 580 GEORGE STREET SYDNEYBeneficiary's name as it appears on the bank statementComplete bank account number

More about HSBC?

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.

What other products does HSBC offer?

  • Checking and saving accounts. Manage your ongoing financial needs, from basic accounts with essential features right through to high-end accounts that help you get more out of your money.
  • Credit and debit cards. Whether you're looking for a platinum-level rewards card or a basic card for emergency purchases, you'll find a card with HSBC.
  • International banking solutions. From international mortgages to helping those who are relocating overseas, HSBC offers a wide range of international banking services.
  • Mortgages and home equity loans. Own your next home sooner or take advantage of the equity in your current property with a range of flexible mortgage solutions.
  • Investment products. Invest in mutual funds, fixed-income products, ETFs, equities and more with help from HSBC.
  • Insurance. HSBC Bank Australia offers several insurance products including car, home and travel insurance.

Bottom line

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.

Frequently asked questions

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

36 Comments

    Default Gravatar
    David
    September 26, 2017

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

      Default Gravatar
      Danielle
      September 26, 2017

      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

    Default Gravatar
    Turcer
    November 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

      Avatarfinder Customer Care
      Clarizza
      November 28, 2016

      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

    Default Gravatar
    syima
    October 24, 2016

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

      Avatarfinder Customer Care
      Clarizza
      October 24, 2016

      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

    Default Gravatar
    sizwe
    October 10, 2016

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

      Avatarfinder Customer Care
      Clarizza
      October 12, 2016

      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

    Default Gravatar
    kenneth
    July 6, 2016

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

      Avatarfinder Customer Care
      Clarizza
      July 7, 2016

      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
      Janu
      December 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.

      Avatarfinder Customer Care
      May
      January 1, 2017

      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

    Default Gravatar
    Daisy
    June 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!

      Avatarfinder Customer Care
      Clarizza
      June 28, 2016

      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

    Default Gravatar
    Marcus
    May 11, 2016

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

      Avatarfinder Customer Care
      Shirley
      May 11, 2016

      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.

    Default Gravatar
    Karen
    April 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

      Avatarfinder Customer Care
      Shirley
      May 2, 2016

      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.

    Default Gravatar
    Shawn
    January 5, 2016

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

      Avatarfinder Customer Care
      Shirley
      January 5, 2016

      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

    Default Gravatar
    Eranga
    October 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

      Avatarfinder Customer Care
      Shirley
      October 28, 2015

      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

Go to site