Currency conversion risk - the value of your foreign currency and RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency and RMB deposit to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to that foreign currency and RMB, you may suffer loss in principal.
RMB is currently not freely convertible and subject to regulatory restrictions (which might be changed from time to time). For personal customers who are Hong Kong residents, conversions conducted through RMB deposit accounts with banks in Hong Kong are subject to the limit of up to RMB20,000 per person per day. Personal customers who are Hong Kong residents should allow time for conversion of RMB from/to another currency of an amount exceeding the daily limit. Non-Hong Kong residents are not required to observe the corresponding limits and requirements regarding Renminbi conversions for Hong Kong residents.
1 It will be processed on the transfer date as specified in your instruction subject to the following:
If you wish to process a transfer (exclude USD/CombiNation Passbook Savings) on the same day you place it, please submit the instruction from Monday 5am to Saturday 4:59am or Saturday 8am to 4:30pm. If you wish to process a transfer to USD/CombiNation Passbook Savings accounts on the same day you place it, please submit the instruction from Monday to Friday 8am to 7pm or Saturday 8am to 4:30pm. Please note that same day transfer cannot be processed on 1 January, 25 December, 12 midnight to 7:59 am on 26 December and 2 January.
If your forward-dated instruction falls on a business day on which the Black Rainstorm Warning Signal or Typhoon #8 or above Signal is hoisted, your said instruction may be processed on the same day or the next business day depending on whether the Signal is lowered that day and if so, at what hours. Please always check your HSBC internet banking email box for the status of your transaction. The reference to "business day" means a day, other than a Sunday or public holiday, on which banks are open for general business in Hong Kong.
2 Major currencies include Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Pound Sterling, Singapore Dollar, Swiss Franc, Thai Baht, US Dollar, and Renminbi.
3 Major currencies include Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Pound Sterling, Singapore Dollar, Thai Baht, US Dollar, and Renminbi.
4 For order submitted at or before 15:00 HKT on any business day (Monday to Friday, except Public Holidays), the earliest collection day will be the following business day.
5 ForEx Switching service/Renminbi Switching Service is available only to HSBC Premier, HSBC Advance, Personal Integrated Account customers, Renminbi Savings Account, HK Dollar Statement Savings Account and CombiNations Statement Savings Account customers.
6 FX Order Watch Trading Services is exclusively provided to HSBC Premier and HSBC Advance customers only.
The services are only applicable for integrated accounts, HKD/FCY Statement Savings Accounts and HKD Current Account, except Multiple Currencies Savings accounts or HK Dollar Passbook Savings accounts.
Please note the weekly Foreign Exchange Offer is not applicable to exchange transactions done via the FX Order Watch Trading Services.