HSBC Money Transfer & Exchange Rates

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HSBC

HSBC provide comprehensive international money transfer services to its banking customers, with the option to make transfers online, over the phone or in person at a local branch.


HSBC has a large global presence, which provides unique benefits when it comes to foreign exchange. For instance, HSBC premier members can make instant international transfers between their international and domestic HSBC bank accounts at no extra cost – a service available for 45 different countries. HSBC has also been recognised as the top international trade bank in Australia (2016) illustrating the size and scale of their services for business account holders.

KEY INFORMATION

Transfer Limits

There is no minimum transfer limit for HSBC customers making and international money transfer. The maximum limit for an online transfer is $50,000. You can contact your HSBC account manager or a representative to assist with transactions over $50,000.

Transfer Time

Transferring money between HSBC international accounts will be processed instantly. For transfers to a recipient banking with another bank, the transfer time will be between 1-2 working days. The actual processing time will depend on the amount being transferred and the currencies involved.

Transfer Fees

There will be a fee of $25 for a transfer made in person at a branch. A transfer processed through online banking will cost $20. The recipient may incur charges by their bank to accept the funds.

MORE INFORMATION ABOUT HSBC

How a transfer can be made:




 

To make a money transfer overseas with HSBC you will need to be either a business or personal banking customer with HSBC. To make a transfer online, you should be registered for internet banking and have your login details to hand. Once logged in to the HSBC online portal, navigate to the make a payment section and choose the option to send money overseas. You will be required to enter the banking details for the beneficiary, which will include SWIFT number (and IBAN for Europe/UK recipients). After providing the relevant information, HSBC will display a rate and cost for the transfer that you can review and accept if you are happy. Once submitted, your transaction will be processed.

PROS

  • Available 24/7
  • Immediate transfer between domestic and international HSBC accounts
  • Preferred exchange rates on over 19 currencies
  • Secure and automated service

CONS

  • Only available to HSBC customers
  • High fees

Rates table

CAD » AUD 1.0488 AUD » CAD 0.9535
CHF » AUD 1.3912 AUD » CHF 0.7188
CNY » AUD 0.2145 AUD » CNY 4.6615
EUR » AUD 1.6093 AUD » EUR 0.6214
FJD » AUD 0.6723 AUD » FJD 1.4874
GBP » AUD 1.8342 AUD » GBP 0.5452
HKD » AUD 0.1764 AUD » HKD 5.6694
INR » AUD 0.0205 AUD » INR 48.7555
JPY » AUD 0.0125 AUD » JPY 79.8365
NZD » AUD 0.9609 AUD » NZD 1.0407
PHP » AUD 0.0261 AUD » PHP 38.2450
SGD » AUD 1.0245 AUD » SGD 0.9761
THB » AUD 0.0427 AUD » THB 23.3972
USD » AUD 1.3768 AUD » USD 0.7263
ZAR » AUD 0.1024 AUD » ZAR 9.7675

ABOUT THE COMPANY

HSBC is one of the largest banking institutions worldwide, serving over 45 million customers across its four-main businesses; retail banking and wealth management, global banking and markets, global private banking and commercial banking. HSBC have over 4,400 offices in 71 countries, expanding into Australia in 1965. In Australia, HSBC is headquartered in Sydney, with 37 branches across the country.

What are you waiting for?

If you need to make an internation payment, look no further. Join the 111,000+ clients around the world who are benefitting from our services.