Worldwide Transfers and Payments Services- HSBC SG

HSBC SG
Foreign exchange
Worldwide Transfers and Payments

Easy remittances in a wide range of currencies

With HSBC's global network, you can send payments and transfers to over 200 countries/regions.

The HSBC Worldwide Transfer service lets you quickly and easily transfer your funds to banks outside Singapore.

If you're an online banking customer, you can send a transfer or payment now.

Alternatively, you can also visit any of our HSBC branch to perform remittances. The available currencies, applicable rates and charges may differ from HSBC Online Banking.

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How it works

Access real time foreign exchange (FX) rates 24 hours a day, Monday to Friday, and competitive FX rates during the weekend².
Know the exchange rate before sending your transaction
Easily access our global bank search tool to better manage your remittances and saved transfers
Set recurring or future-dated payments so you never miss an international payment

Available currencies

Here are just some of the available currencies:

Australian dollar (AUD)
British pound (GBP)
Chinese yuan (offshore RMB)³
Euro (EUR)
Hong Kong dollar (HKD)
Indian rupee (INR)
Japanese yen (JPY)
US dollar (USD)
Philippine peso (PHP)
UAE dirham (AED)

and many others.

Fees and charges

For telegraphic transfers through HSBC online and mobile banking, HSBC Singapore charges are waived.

Personal Banking

Charges for telegraphic transfers through branch (Smartform)
Customer Instruction	TT Commission	Commission in lieu of exchange	Cost of cable
Debited from a Singapore dollar account	S$35	N.A.	S$20
Debited from a foreign currency account in the same currency	S$35	Waived	S$20

Charges for telegraphic transfers through branch (Smartform)
Customer Instruction	Debited from a Singapore dollar account
TT Commission	S$35
Commission in lieu of exchange	N.A.
Cost of cable	S$20

Customer Instruction	Debited from a foreign currency account in the same currency
TT Commission	S$35
Commission in lieu of exchange	Waived
Cost of cable	S$20

Premier

Charges for telegraphic transfers through branch (Smartform), and phone banking where applicable.
Customer Instruction	TT Commission	Commision in lieu of exchange	Cost of cable
Debited from a Singapore dollar account	S$20	N.A.	S$20
Debited from a foreign currency account in the same currency	S$20	Waived	S$20
TT to self-named HSBC accounts worldwide	N.A.	N.A.	S$20

Charges for telegraphic transfers through branch (Smartform), and phone banking where applicable.
Customer Instruction	Debited from a Singapore dollar account
TT Commission	S$20
Commision in lieu of exchange	N.A.
Cost of cable	S$20

Customer Instruction	Debited from a foreign currency account in the same currency
TT Commission	S$20
Commision in lieu of exchange	Waived
Cost of cable	S$20

Customer Instruction	TT to self-named HSBC accounts worldwide
TT Commission	N.A.
Commision in lieu of exchange	N.A.
Cost of cable	S$20

Note:

1) Telegraphic Transfer charges quoted above do not include any overseas related charges such as the agent/ correspondent bank charges received for the transfer(s) made.

2) Such related charges (may include, overseas, agent and telex/cable charges) will be collected post transfer(s), and will be dependent on the request of intermediary/beneficiary banks (where applicable) to facilitate the transfer(s) made.

3) At the overseas banks’ discretion, the charge may be deducted from the payment amount. These charges may be deducted from the payment amount or from the remitter’s account regardless of the charges option.

Fees and Charges (PDF) Download

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Log on to online banking to get started with worldwide transfers

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Frequently asked questions

For HSBC Online Banking users, transaction amounts should be in the range of SGD1 to SGD250,000.

You may refer to the table here for relevant Cut-Off Times.

You can click here for the cut-off times of the respective currencies.

Please note that for World Wide transfers, the exchange rates used are priced 24 hours a day 5 days per week. They are variable, changing constantly and quoted every 20 seconds, reflecting the movements in foreign exchange markets. On weekends and public holidays, we use the exchange rate saved at the close of business on the previous business day and incorporate a bank spread representing a risk margin to the Bank which will be higher than that on weekdays.

Yes, you may submit your instruction on a public holiday in Singapore or in the country/region to which you are sending your funds to. The transaction will be executed at the exchange rate indicated by the bank and accepted by you before the rate lapses. Your account will be debited with the amount of the remittance immediately and the telex will only be sent to the beneficiary on the next business day (if it is a public holiday in Singapore or the telex will be sent on the same day (if the instruction is received before the cut-off time) and the beneficiary bank will process the payment on the next business day (if it is a public holiday in the beneficiary country/region).

No, the exchange rate indicated by the bank only applies to immediate transfers. The exchange rates executed for future-dated transfers will be based on the exchange rate indicated by the bank on the day the instruction is effected.

For World Wide transfers, the exchange rates used are priced 24 hours a day 5.5 days per week. They are variable and are changing constantly quoted every 20sec, reflecting the movements in foreign exchange markets. On weekends and Public Holidays, we use the exchange rate saved at the close of business on the previous business day. You can refer here for the respective currency cut-off times.

Read full FAQ Learn more about worldwide transfer FAQ

Important notes

All conversion, foreign exchange rates and deposit rates used or provided are indicative only and subject to change by the Bank at any time (including intra day changes) without notice.

¹Some intermediary banks may charge fees.

You can see an estimate of the applicable fees when you review your transfer. The actual amount is subject to the intermediary bank and will be debited after you've confirmed your transfer.

Some banks may charge for incoming international transfers. Your payees will need to check with their banks on these charges as they vary and will be debited from the payee's account. We are unable to advise you on the fees applied by other banks for payments sent through Global Money Transfers.

²Foreign exchange transactions performed over the weekend and public holidays are subject to a higher bank spread compared to weekday transactions as markets are closed during these times. Such rates usually remain more competitive than prevailing board rates in Singapore.

Real time rates are available on HSBC Online Banking and HSBC Singapore app between Mondays 9.30am Singapore Time to Saturdays 5.00am Singapore Time (excluding Christmas Eve, Christmas day, New Year's Eve and New Year's day)

Data, information, news, videos and computation tools are provided for informational purposes only, and are not intended for trading purposes. The Bank shall not be liable for any errors or delays in the content or computation, or for any actions taken in reliance on the same. Information contained in this document is obtained from sources believed to be reliable; however HSBC does not guarantee its completeness or accuracy.

³Deposits and withdrawals involving a Renminbi (RMB) deposit account must have a foreign exchange conversion from a non-RMB denominated currency, except transfers between a RMB Time Deposit Account and a RMB Multi Currency Savings Account. The deposit in your RMB Deposit Account will be converted from RMB to another freely convertible currency for withdrawal, at the current exchange rate.

RMB is currently not freely convertible and RMB conversion may be subject to certain restrictions. The amount of offshore RMB (deliverable outside mainland China, informally known as CNH) may be limited, which may affect the liquidity of offshore RMB products. The market for offshore RMB is a different market to that of onshore RMB (deliverable in mainland China, known as CNY). Apart from its own supply and demand, the offshore RMB exchange rate may be influenced by the onshore exchange rate, which currently trades within a band set by authorities in the onshore interbank market. The two rates may converge with or diverge from each other.

Worldwide Transfers and Payments

Easy remittances in a wide range of currencies

0% FX Margin Promotion for Global Money Transfers

Terms & conditions apply (PDF).

How it works

Available currencies

Here are just some of the available currencies:

Fees and charges

Online Banking - Fees & charges

Use the service

Already registered?

Not registered?

Frequently asked questions

Is there a requirement on the minimum and maximum transaction amount for Worldwide Transfers?

What are the Cut-Off Times for Worldwide Transfers?

Why are there so many options to determine when and how often my transfer is made?

Can I transfer funds on a public holiday?

Can I book the current foreign exchange rate for future dated transfers?

What is the exchange rate cut-off time for the service?

Important notes

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