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Preferential transaction fee campaign

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

To help small businesses reduce costs, we're allowing them to enjoy a preferential rate for telegraphic transfers for a period of 6 months.

  • Campaign period

    1 July 2021 - 31 December 2021

    (Customers can join the campaign on the first day of a specific month during the campaign period, and enjoy the preferential rate for the next 6 months.)

  • Customer eligibility

    Customers are eligible for the preferential rate under this campaign if they're already registered on HSBCnet and they have a deposit balance of at least RMB200,000 or its equivalent in other currencies throughout the campaign period. The deposit balance under this campaign refers to the total balance across all HSBC accounts of a domestic company or a domestic company which is associated with an overseas company.

  • Campaign activity

    Eligible customers can choose one of the following two packages:

Package A:

Preferential Item
Preferential Rate

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

 

5.4.1 Foreign currency local payments - telegraphic transfer

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

 

*If a customer is already registered on HSBCnet and their deposit balance is at least RMB200,000 or its equivalent in other currencies 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 is already registered on HSBCnet and their deposit balance is at least RMB500,000 or its equivalent in other 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:

Preferential Item

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

 

5.4.1 Foreign currency local payments - telegraphic transfer

Preferential Rate

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

 

*If a customer is already registered on HSBCnet and their deposit balance is at least RMB200,000 or its equivalent in other currencies 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 is already registered on HSBCnet and their deposit balance is at least RMB500,000 or its equivalent in other 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:

The customer and their associated local companies can enjoy a maximum of 9,000 transactions of outward/inward cross-border remittance by telegraphic transfer within the 6 months of the campaign, by paying a one-time fee of RMB9,000 or its equivalent in other currencies. (This only applies to overseas companies.) 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.

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

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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.