Business and Corporate Service Charges

Effective 1 April 2017

Electronic Banking

HSBCnet

Inquiry Only Profile $10.00/month
Domestic Profile $25.00/month
International Profile $40.00/month
Over 5 accounts $15.00/account
Over 100 accounts $7.00/account
Non-HSBC Bermuda accounts $5.00/account
Over 3 users $5.00/user
Additional/replacement tokens $5.00/each

 

HSBCnet File Upload, HSBC Connect, SWIFT FileACT

Domestic
Set-up Fee $800.00/project
Monthly Fee $250.00/profile, mailbox or DN
Regional
Set-up Fee $1,500.00/project
Monthly Fee $250.00/profile, mailbox or DN
International
Set-up Fee $3,500.00/project
Monthly Fee $550.00/profile, mailbox or DN

 

SWIFT FIN/Concentrator

Set-up $1,500.00/project
Monthly Fee $250.00/BIC

 

Payment File Fees

Complex Integrate Files i.e. XML, PAYMUL, iFIle, etc. $10.00/file
Standard / High Value Payment Files i.e. MT103, MT101, etc.. $5.00/file
Simple / Local Files i.e. domestic formats No Charge

 

Global Information Reporting (GIR) via SWIFTNet, HSBC Connect or HSBCnet (MT940, BAI2, XML, CSV, MT942)

End of Day Statements (up to 10 accounts) $30.00/account
End of Day Statements (over 11 accounts) $35.00/account
Intraday Statements $55.00/account
Set-up Fee (up to 10 accounts) $170.00/profile, mailbox, DN, or BIC
Set-up Fee (over 11 accounts) $340.00/profile, mailbox, DN, or BIC

 

Account Services

Cash management account monthly maintenance fee*
(includes monthly statement)
$10.00/month
Unauthorised overdraft $35.00/item
Cheque processing charges $2.50/item
Cheque book $20.00/100 cheques
Cheque image copy $2.50/cheque
Returned cheque fee $20.00/item
Inward dishonour for returned cheque $25.00/item
Stop payment request $15.00/cheque
Additional statement (monthly statement to an additional address) $5.00/statement
Account statement reprint $10.00/statement
Dormant relationship (after 2 years of inactivity) $40.00/year

 

Foreign Cheque Deposit

Cheques purchased (at the discretion of HSBC Bermuda) 0.5% or minimum of $50.00/item*
All USD, GBP, CAD cheques drawn on US, UK, Canada banks (10 business day deferral) $40.00/item
All other currencies $40.00/item plus all foreign bank charges

 

*whichever is greater

Payment Services

Incoming

Incoming Domestic payments No charge
Incoming International payments $6.00/transaction

 

Outgoing Wires (non-BMD)

Request initiated via Electronic Channels $15.00/transaction
Faxed or other instructions for Outgoing Wires $150.00/transaction
Non receipt/amendment/cancellation on remitted payment $50.00/transaction plus other banks charges

 

Outgoing Domestic Wires (BMD only)

Request initiated via Electronic Channels No charge
Faxed or other instructions to a domestic bank $75.00/transaction

 

Internal Payments (transfers between HSBC Bermuda accounts)

Request initiated via Electronic Channels No Charge
Faxed or other instructions for transfers between HSBC Bermuda accounts $75.00/transaction

 

Demand Drafts (overseas clearing)

Request initiated via Electronic Channels $25.00/item
Faxed or other instructions for Demand Drafts / Cashiers Orders $100.00/item
Cancellations $5.00/item
Stop Payments $20.00/item
Mailing fee $10.00/item

 

Cashiers Orders (local clearing)

Request initiated via Electronic Channels $25.00/item
Faxed or other instructions for Cashiers Orders $100.00/item
Cancellations $5.00/item
Stop Payments $20.00/item
Mailing fee $10.00/item

 

Standing Instructions

Set-up fee $5.00/item
Internal payments (transfers between HSBC Bermuda accounts) No charge
Outgoing domestic wires (BMD only) $2.50/item
Outgoing wires, demand drafts or cashiers orders $5.00/item plus transactional fee
Non-payment due to insufficient funds $5.00/item
Amendments to standing instructions $5.00/item

 

ACH Direct Credits

Requests for domestic payroll, dividend and creditor payments processing via Electronic Channels
Direct credit (ACH Credit) $0.25/item
Payment tracing fee (per trace) $5.00/item
Payment reversal fee $15.00/item

 

ACH Direct Debits

Requests for domestic payment collection processing via Electronic
Direct debit (ACH Debit) $0.25/item
Payment tracing fee (per trace) $5.00/item
Payment reversal fee $15.00/item

 

Special Handling Payment Requests

Requests initiated by client $500.00/request minimum
Exception processing fee $50.00/item
Call-back on manual wire instruction $50.00/item

 

Coin and Note Handling

Local coin and note handling 2% of amount handled
Local currency payroll preparation 2%/payroll

 

Deposit Bags

Banking cheque deposits, 100 bags $20.00/order
Banking cash deposits, 100 bags $60.00/order

 

Merchant Services

Reprint of Point of Sale (PoS) reports $25.00/report per merchant account
PoS Merchant Account Fee $25.00/account
PoS Terminal Rental Fee (includes support and PoS merchant account) $40.00/terminal
PIN Pad Rental Fee (optional add-on for PoS Terminal) $25.00/PIN pad
Wireless PoS Terminal Set-up Fee $350.00/merchant account
Wireless PoS Terminal Rental Fee (includes support and PoS merchant account) $60.00/terminal
Merchant Services eCommerce Fee $0.25/transaction

 

Visa Business Credit Card

Annual fee $60.00/card
Visa Business interest rate 18%
Over limit fee $40.00/transaction
Visa Business Rush Card $35.00/card
International Transaction fee 0.06%/transaction

 

Other Services

Copy of SWIFT advice $10.00/copy
Audit Confirmation $50.00/item
Bank Reference $35.00/item
Local courier fee At prevailing rate
International courier fee Prevailing rates plus $5.00 handling fee
Fax fee $1.00/page
Dissolved company bank processing fee $125.00
Research fee $50.00/hour

 

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Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.