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Preferential transaction fee campaign

Our new campaign allows small businesses to enjoy a preferential rate for telegraphic transfers.

Our new campaign allows small businesses to enjoy a preferential rate for telegraphic transfers. Business and personal accounts can now enjoy exclusive preferential rates. At the same time, we've included flexible, multi-level, one-time handling fees in order to support the diverse needs of our customers. Together with HSBC, you can grasp infinite opportunities for 2022. 

  • Promotional period

    1 July – 31 December 2022 (Customers can join the campaign on the first day of a specific month during the campaign period, and enjoy the preferential rate during the according valid period.)

  • Customer eligibility

    Customers are eligible if they're already registered on HSBCnet and have a deposit balance / integrated total relationship balance (ITRB) of at least RMB100,000 or its equivalent in foreign currencies throughout the campaign period. The deposit balance / ITRB under this campaign refers to the total balance across all HSBC China accounts of a domestic company or a domestic company which is associated with an overseas company. For the definition of an ITRB, please refer to your account and service fee rates (business accounts only). 

    Overseas companies can designate their associated domestic companies to jointly participate in this campaign and enjoy the preferential rate. Overseas companies should also add the relevant domestic companies under their accounts in HSBCnet, or have the same affiliated person (including individual and business) linked between the HSBC accounts.

  • Campaign activity

    Eligible customers can choose one of the following two packages:

Package A:

The customer and their associated domestic companies can enjoy these preferential rates for a period of 6 months according to these terms.

Preferential Item
Preferential Rate

5.1.1 Overseas outward remittances - telegraphic transfer - transfer to other banks aside from HSBC Hong Kong

 

5.4.1 Foreign currency local payments - telegraphic transfer

A) RMB220 or equivalent per transaction (including cable fee)

 

*If a customer has already registered on HSBCnet and their deposit balance or ITRB is equivalent to or higher than RMB100,000 during the campaign period, the customer is eligible to enjoy the preferential rate mentioned above.

 

 

 

B) RMB150 or equivalent per transaction (including cable fee)

 

*If a customer has already registered on HSBCnet and their deposit balance or ITRB is equivalent to or higher than RMB500,000 or its equivalent in foreign currencies during the campaign period, the customer is eligible to enjoy the preferential rate mentioned above.

5.1.1 Overseas outward remittances - telegraphic transfer - transfer from HSBC China to HSBC HK

 

5.2.1 Inward overseas remittances - foreign currency transfer via telegraphic transfer

 

5.2.2 Inward overseas remittances - RMB transfer via telegraphic transfer

 

5.5 Foreign currency local inward remittances via telegraphic transfer

Free

Package A:

The customer and their associated domestic companies can enjoy these preferential rates for a period of 6 months according to these terms.

Preferential Item

5.1.1 Overseas outward remittances - telegraphic transfer - transfer to other banks aside from HSBC Hong Kong

 

5.4.1 Foreign currency local payments - telegraphic transfer

Preferential Rate

A) RMB220 or equivalent per transaction (including cable fee)

 

*If a customer has already registered on HSBCnet and their deposit balance or ITRB is equivalent to or higher than RMB100,000 during the campaign period, the customer is eligible to enjoy the preferential rate mentioned above.

 

 

 

B) RMB150 or equivalent per transaction (including cable fee)

 

*If a customer has already registered on HSBCnet and their deposit balance or ITRB is equivalent to or higher than RMB500,000 or its equivalent in foreign currencies during the campaign period, the customer is eligible to enjoy the preferential rate mentioned above.

Preferential Item

5.1.1 Overseas outward remittances - telegraphic transfer - transfer from HSBC China to HSBC HK

 

5.2.1 Inward overseas remittances - foreign currency transfer via telegraphic transfer

 

5.2.2 Inward overseas remittances - RMB transfer via telegraphic transfer

 

5.5 Foreign currency local inward remittances via telegraphic transfer

Preferential Rate
Free

Package B:

Other transaction charges, including but not limited to remittance settlement fees or full payment service fees charged by overseas correspondent banks, will not be covered and remain unchanged.

  • A one-off fee of RMB3,000 or its equivalent in other currencies (only applicable to overseas companies)

    (within 3 months of the campaign, a maximum of 100 transactions of outward / inward cross-border remittance by telegraphic transfer per month)

  • A one-off fee of RMB6,000 or its equivalent in other currencies (only applicable to overseas companies)

    (within 6 months of the campaign, a maximum of 100 transactions of outward / inward cross-border remittance by telegraphic transfer per month)

  • A one-off fee of RMB5,000 or its equivalent in other currencies (only applicable o overseas companies)

    (within 3 months of the campaign, a maximum of 500 transactions of outward / inward cross-border remittance by telegraphic transfer per month)

  • A one-off fee of RMB9,000 or its equivalent in other currencies (only applicable o overseas companies)

    (within 6 months of the campaign, a maximum of 500 transactions of outward / inward cross-border remittance by telegraphic transfer per month)

Contact us

HSBC Fusion customer service hotline

400-820-1177

Monday-Friday: 8 am-7 pm

Saturday: 8 am-4 pm

Please dial the country code of mainland China +86 if you are calling from overseas, Hong Kong SAR, Macau SAR, or Taiwan

Scan the QR code to follow our HSBC China Small Business WeChat account and get more information on our products and services.

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*The information above is intended as a general information for reference, we reserve the right to amend the information at any time without prior notice. For program related information and T&C, the Chinese version shall prevail.