Review: HSBC international money transfers

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

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4.0 ★★★★★ (1 review) Write a review

AUD 100

Min. Transfer Amount

AUD 50,000

Max. Transfer Amount

1 - 2 days

Transfer Speed

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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
Exchange Rate UpdatesReal time
Online Transfer FeeAUD 8
Branch Transfer FeeAUD 20


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


  • 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 Wise.

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 0.00 0.71 USD
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 0.712 USD
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 1 Within an hour AUD 0.00 0.712 USD
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.712 USD
$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 2,000 1 day AUD 0.00 0.712 USD
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.711 USD
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Within an hour AUD 3.99 0.706 USD
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 0.712 USD
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.715 USD
Exclusive: New customers sending over 500 AUD from Australia use code FINDER50 to get 50 AUD off. Pay zero fees on your first transaction. Valid till 31 December 2021. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 day AUD 52.00 0.711 USD
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 0.707 USD
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 5 1 - 2 days EUR 3.00 0.712 USD
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

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


  • 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.


  • 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


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 MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

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    Default Gravatar
    September 26, 2017

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

      Default Gravatar
      September 26, 2017

      Hi David,

      Thank you for contacting Finder.

      We understand the challenges temporary residents run into especially in the financial aspect hence we came up with the Personal Loans For Temporary Residents article. Our guide talks about what loans you’re eligible for and how to find the right one.

      You can utilize our comparison table under Personal loans temporary residents may be able to apply for to compare your options. Our comparison table is designed to help you compare with ease. You can input your loan amount, loan term then click ‘calculate’ to see your estimated monthly repayment amount. Our table would also display the interest rate (p.a.) and comparison rate (p.a.) for your perusal. Tick on the ‘compare’ box below the brand’s logo to see a side-by-side comparison of the loans. Doing so will allow you to compare minimum and maximum loan amounts, application fees, and more. Once you’re ready, you can click on the ‘Go to site’ button and process the application from the main page of the bank/lender.

      We suggest that you check the details of the loan you’re interested in, its eligibility criteria as well as the terms and conditions before you apply.

      I hope this helps.


    Default Gravatar
    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,

      Avatarfinder Customer Care
      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.


    Default Gravatar
    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
      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.


    Default Gravatar
    October 10, 2016

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

      Avatarfinder Customer Care
      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.


    Default Gravatar
    July 6, 2016

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

      Avatarfinder Customer Care
      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.


      Default Gravatar
      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
      January 1, 2017

      Hi Janu,

      Thanks for your inquiry.

      As 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.


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