Asia Pacific Same-Day Remittance Services

Product highlights

Enables fast and efficient fund transfers to your valuable business partners located in the 8 major Asia Pacific countries/territories.

Features and benefits

Asia Pacific Same-Day Remittance Services enables fast and efficient fund transfers to your valuable business partners located in the 8 major Asia Pacific countries/
territories

Convenient and secure electronic platforms including HSBCnet and Business Internet Banking for placing payment instructions

Cut-off time for remittance instructions is as late as 5:00pm (Please refer to Additional information below for more details)

No additional charge for the enhanced remittance service

Available in US Dollars and HK Dollars that helps you to grasp every cross-border business opportunities

Take advantage of our real time foreign exchange rates through Get Rate on Business Internet Banking or HSBCnet while making payments

At HSBC, we understand reliable and efficient one-stop international payment service is a key to success for your cross-border business.

Leveraging our international capabilities and strong collaboration within the HSBC Group, we are proud to offer you the Asia Pacific Same-Day Remittance Services, which enables you to transmit funds between HSBC accounts in Hong Kong and HSBC accounts in 8 MAJOR ASIA PACIFIC COUNTRIES/ TERRITORIES within the same day to meet your business needs across the region.

Asia Pacific Same-Day Remittance Services cover HSBC accounts in the following 8 countries/ territories:

- Mainland China (note: Bank of Communications accounts in mainland China are also covered)
- Taiwan
- Macau
- Singapore
- Malaysia
- Korea
- Japan
- Australia

Additional information

Asia Pacific Same-Day Remittance Services Scope and Cut-Off Time

With the Asia Pacific Same-Day Remittance Services, HSBC will value your outgoing and incoming USD/HKD funds to / from HSBC accounts or Bank of Communication accounts in countries/ territories listed below within the same day, provided that the remittance instructions are placed from Monday to Friday (except public holidays), and before the respective cut-off time prescribed in the tables below:

Outward Telegraphic Transfer from an HSBC corporate account in Hong Kong with the instruction submitted via applicable online channels to another HSBC / Bank of Communications corporate account in the following countries/territories:

Country / Territory Cut-off time (HKT)
USD HKD
Mainland China* 16:30 16:30
Taiwan 16:30 16:30
Macau 16:30 16:30
Designated Bank of Communications branches N/A 16:00
Singapore 17:00 N/A
Malaysia 15:30 N/A
Korea 15:00 N/A
Japan 13:30 N/A
Australia N/A N/A

Inward Telegraphic Transfer from an HSBC / Bank of Communications corporate account in the following countries/ territories with the instruction submitted via applicable online channels to another HSBC corporate account in Hong Kong:

Country / Territory Cut-off time (HKT)
USD HKD
Mainland China* 15:00 15:00
Taiwan 16:00 16:00
Macau 15:30 15:30
Designated Bank of Communications branches 14:30 14:30
Singapore N/A N/A
Malaysia N/A N/A
Korea N/A N/A
Japan N/A N/A
Australia N/A N/A

Terms and conditions apply. Please refer to the below Terms and conditions.

*Applicable only to telegraphic transfer between HSBC in Hong Kong and HSBC in mainland China, and subject to the China local regulations as promulgated by the relevant authorities. The transactions should not involve any foreign currency conversion. For payments from HSBC Hong Kong to mainland China, the beneficiaries should be China onshore corporates.

When you use HSBCnet or Business Internet Banking you also get:

- CONVENIENT input for simplified or traditional Chinese characters
- SIMULTANEOUS payments advising (email, facsimile or mail) delivered to your business partners via HSBCnet or email notification via Business Internet Banking
- INSTANT balance and transaction reporting

Terms and conditions:

1. Asia Pacific Same-Day Remittance Services (from HSBC accounts in Hong Kong to HSBC accounts in 8 designated Asia Pacific countries/ territories)

1.1 Same-Day Remittance Service is only applicable to USD/HKD telegraphic transfers from a corporate account of HSBC in Hong Kong to a HSBC corporate account in Mainland China, Taiwan, Macau, Singapore, Malaysia, Korea, Japan or Australia, or to an account in the designated Bank of Communications branches in mainland China, instruction of which must be placed from Monday to Friday (except public holidays) and before the respective cut-off time prescribed in the table below:

Cut-off time (HKT) USD HKD
Mainland China 16:30 16:30
Taiwan 16:30 16:30
Macau 16:30 16:30
Designated Bank of Communications branches N/A 16:00
Singapore 17:00 N/A
Malaysia 15:30 N/A
Korea 15:00 N/A
Japan 13:30 N/A
Australia N/A N/A

1.2 Customers must place their instructions via HSBCnet or Business Internet Banking.

1.3 Beneficiaries must be a company, or an onshore company in case of remittance to mainland China.

2. Asia Pacific Same Day Remittance Services (from HSBC accounts in 8 designated Asia Pacific countries/ territories to HSBC accounts in Hong Kong)

2.1 Same-Day Remittance Service is only applicable to USD/HKD telegraphic transfers from a corporate account of HSBC in Mainland China, Taiwan, Macau, Singapore, Malaysia, Korea, Japan, Australia or from an account in the designated Bank of Communications branches in mainland China to a corporate account of HSBC in Hong Kong, instruction of which must be placed from Monday to Friday (except public holidays) and before the respective cut-off time prescribed in the table below. Please note that the cut-off times referring to Hong Kong time below are for reference only and the official cut-off times shall refer to the countries/territories' local time.

Cut-off time (HKT)

USD

HKD

Mainland China 15:00 15:00
Taiwan 16:00 16:00
Macau 15:30 15:30
Designated Bank of Communications branches 14:30 14:30
Singapore N/A N/A
Malaysia N/A N/A
Korea N/A N/A
Japan N/A N/A
Australia N/A N/A

2.2 Please contact any HSBC branches in mainland China, Taiwan, Macau, Singapore, Malaysia, Korea, Japan, Australia or Bank of Communications branches in mainland China for the applicable tariff and the relevant terms and conditions.

3. General

3.1 There must be sufficient funds in the remittance account, and valid information including beneficiary's name, account number and branch SWIFT address of the beneficiary bank must be provided.

3.2 Same-Day Remittance Service is not applicable to:

  1. any transactions with intermediary bank specified in the payment instruction;
  2. any transactions restricted by regulatory entities;
  3. any transactions requiring foreign exchange;
  4. any transactions requiring declarations for remittance to mainland China;
  5. any payments from Hong Kong to mainland China, where the beneficiaries are not China onshore corporates;
  6. any transactions which may be intercepted by HSBC or overseas banks for clarifications or repair;
  7. any instructions given on a day which is not a business day where the beneficiary bank is located, or for USD transactions, any instructions submitted on a US holiday or the specified payment value date is a US holiday.

3.3 Remittance could be delayed due to compliance checking in accordance with regulatory requirements for which HSBC is not liable. Please contact local HSBC branches for further details on the restrictions and the relevant terms and conditions.

3.4 Please refer to the latest "Commercial Tariff" issued by the Bank for the basic Telegraphic Transfer transaction fee. If applicable, other surcharges will also be levied.

3.5 Notwithstanding the foregoing provisions of this Terms and Conditions, the terms and conditions for the relevant HSBC accounts and relevant services in Mainland China, Taiwan, Macau, Singapore, Malaysia, Korea, Japan or Australia shall apply to any remittances from the respective accounts in these countries/ territories, and if there is any inconsistency between this Terms and Conditions and the terms and conditions for the relevant accounts in above countries/ territories, the latter shall prevail.

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