When you make a standing instruction, you authorise the Bank to transfer funds on your behalf to another account, or to make a specific payment to a third party on a specified day at regular intervals.
What are the benefits of making a standing instruction?
With a standing instruction you don't need to make repeated individual payments yourself.
What is the difference between an autoPay instruction and a standing instruction?
autoPay allows you to make payment regularly from an HSBC account to someone else.
It is most commonly used for bill payments/regular payments.
A standing instruction allows you to transfer funds for a fixed amount at regular intervals to other banks’ account.
Can I make fund transfers to anyone I choose?
Yes, as long as you know the full bank account details of the person or company you want to send money to. You can transfer funds to HSBC accounts and to accounts held with other banks, both in Hong Kong and overseas. There are some restrictions on renminbi transfers to China however - find out about Renminbi Services.
There are two fund transfer options available to you. To transfer larger amounts on a regular basis, register the destination account and use the registered transfer service. For smaller ad hoc transfers, use our non-registered service.
Can I make fund transfers in foreign currency?
Yes. You can make foreign currency transfers to or from a foreign currency account. To make a transfer either in a foreign currency or to a foreign currency account in Hong Kong, simply select the service you require from the options listed on the Transfers – Hong Kong page and choose your required currency.
When transferring money to an overseas account, you can select the currency you wish to transfer funds in using the currency menu displayed on the transfer instructions page.
When can I make changes to a forward-dated transfer instruction?
You can make changes anytime before the transfer is processed.
How do I modify or delete a scheduled fund transfer?
To change a forward-dated transfer instruction, click Modify (applicable to old internet banking only). Delete a forward-dated instruction with the Delete button.
What are the cut-off times for overseas money transfers?
Transfer instructions are processed between 9am and 5.55pm, Monday to Friday, and 9am to 11.55am on Saturday, excluding Hong Kong public holidays.
You can send transfer instructions whenever you like but requests received outside the times listed above are processed on the next business day.
Applications for same day value are subject to cut-off times related to the time zone of the destination and/or the requirements of the settlement banks. This means that your account may be debited before the value day. We cannot be responsible for any interest expense or loss as a result.
What is the cut-off time for renminbi remittances?
We process renminbi remittance instructions from 9 am to 1.30pm, Monday to Friday (excluding Hong Kong public holidays).
You can send us transfer instructions whenever you like but requests received outside these times are processed on the next business day.
Renminbi remittance processing is subject to the schedule of the renminbi clearing bank. For example, they will not process payments during holidays in China, such as Labour Day and National Day.
Do I need to pay a fee when making a transfer to an overseas account?
A local service charge will be applied to all overseas transfers. This fee is waived for HSBC Premier customers doing transfers online to their own HSBC accounts overseas (including joint accounts).
If you request that any overseas handling charges be paid by yourself rather than by the recipient, an additional service charge will be deducted from your account. This can include charges levied by the recipient bank and any correspondent banks. Again, these charges are waived for HSBC Premier customers transferring money to certain overseas HSBC branches.
Overseas handling charges will be deducted from your account separately at a later date, once the fee has been charged back by the overseas banks. The final charge settlement will be subject to the practice adopted by the correspondent bank and/or recipient bank.
What is a fund transfer template?
Templates allow you to save a copy of a fund transfer request. If you think you will make a similar transfer in the future, save the transaction as a template. You can save time by simply making any necessary changes to the template instead of starting again.
Are there any limits on fund transfers?
If you've already registered the destination account with us, the daily limit is HKD3,000,000 per account. For more information, go to My Details and select View and Maintain Registered Transfer Accounts.
For transfer to non-registered account, the maximum daily transfer limit is HKD400,000. This limit is shared by Phonebanking, Internet Banking, local ATM and overseas ATM. The maximum sub-limit for Phonebanking, local ATM and overseas ATM are HKD50,000 respectively, and HKD400,000 for HSBC Internet Banking.
Note: If you submit more than one transfer request in the same day, the available transfer limit will be your daily transfer limit less the amount of the transfer that you have already requested/made.
How can I change my daily transfer limits?
You can lower your limit anytime through Personal Internet Banking. Simply go to My Details and select View And Set Transaction Limits.
For security reasons, you'll need to handle limit increase requests in person at an HSBC branch or by using your Security Device through Personal Internet Banking.
To keep your money secure, if you don't make any payments or transfers for a certain number of months, we'll reset your payment limits to zero. You can raise these limits by visiting a branch or by using your Security Device.
| Limits |
Channel |
Inactive Period |
|---|---|---|
| Payment limits for securities brokers, sports and leisure |
ATM, Personal Internet Banking and phone banking |
6 months (customers have not used the limits since establishment or after maintenance) OR 13 months (customers have not performed these types of transactions) |
| Transfer limit for non-registered accounts |
Personal Internet Banking and phone banking | |
| Transfer limit for non-registered accounts |
Personal Internet Banking and phone banking |
6 months (customers have not logon to Personal Internet Banking and phone banking) |
Why do I get an error message saying that 'Message to Recipient/Recipient's Bank contains invalid character. Please re-enter.' when I click 'Go'?
You'll get this error if you enter characters that are not supported, such as '–' or '!', in the Message to Recipient/Recipient's Bank box. The message should only contain:
For fund transfer requests, what is the maximum number of characters allowed in the payee fields?
| e-Transfer |
Express Transfer |
Overseas transfer | |
|---|---|---|---|
| Payee account number |
12 digits |
13 digits |
34 digits or characters |
| Payee name |
20 characters |
35 characters |
35 characters |
| Payee address |
Not applicable |
Not applicable |
3 lines with 35 characters per line |
| Message to payee |
Not applicable |
4 lines with 35 characters per line |
4 lines with 35 characters per line |
| Message to payee bank |
Not applicable |
Not applicable |
2 lines with 30 characters per line |
How long does it take to process local fund transfers?
Transfers within HSBC can be done instantly if you select today as the transfer date.
In general, HKD transfers to other banks will be processed between 9 am and 4.30 pm, Monday to Friday (excluding Hong Kong public holidays). For transfers in Euros, US dollars or Renminbi, the cut-off time is 5.45 pm, Monday to Friday (excluding Hong Kong public holidays).
Same day e-Transfers to other banks will be processed 9am to 12 noon, Monday to Friday, excluding Hong Kong holidays. These payments will normally be received on the transfer day or the following business day. The reference to ''business day'' means a day, other than a Saturday, Sunday or public holiday, on which banks are open for general business in Hong Kong.
Express Transfers from Personal Internet Banking, which normally arrive in the recipient's account on the transfer day, will be processed 9am- to 5.45 pm, Monday to Friday, excluding Hong Kong public holidays.
For all types of transfers, requests received after the cut-off time will be processed on the next business day or on the day you specified in your instructions.
Are there limits on local fund transfers?
If you've already registered the destination account with us, the daily limit is HKD3,000,000 per account. For more information, go to My Details and select View and Maintain Registered Transfer Accounts.
For transfer to non-registered account, the maximum daily transfer limit is HKD400,000. This limit is shared by Phonebanking, Internet Banking, local ATM and overseas ATM. The maximum sub-limit for Phonebanking, local ATM and overseas ATM are HKD50,000 respectively, and HKD400,000 for HSBC Internet Banking.
Note: If you submit more than one transfer request in the same day, the available transfer limit will be your daily transfer limit less the amount of the transfer that you have already requested/made.
Are there any limits on money transfers between accounts encoded on the SAME account card ?
These are considered transfers between your own accounts and so there are no limits. However, a transfer to one of your accounts that is not encoded on your account card (for both debit and credit cards) would be considered a transfer to a non-registered account and subject to limits.
Do I need to pay a fee when making a transfer through Personal Internet Banking?
For local transfers within HSBC or making HKD transfers to other banks in Hong Kong, the service charge is waived.
Making a foreign currency or Renminbi transfer to another bank in Hong Kong, a service charge of HKD65 may be applied, dependent on the clearing system used by the recipient bank. The charge amount will be confirmed on the Instruction Acknowledgement email, which is sent to the message centre of Personal Internet Banking.
For transferring funds to overseas, a local service charge of HKD65 will be applied. This fee is waived for HSBC Premier customers doing transfers online to their own HSBC accounts overseas (including joint accounts).
Please note that the receiving banks (both local and overseas banks) may impose additional charges. Contact them directly about their fees.
How do I register accounts for fund transfers?
To set up a registered account, complete and sign the Internet Banking Local Transfer Payees – Limit Increase and Maintenance Request Form and return it to any HSBC branch in Hong Kong. We'll register the account within three business days of receiving your request.
You can also use your Security Device to register a new account. Simply follow the directions shown in Personal Internet Banking on the Verification screen.
Learn how to Set-up a Payee for Overseas Money Transfers
For fund transfers, how many registered accounts can I set up?
You can register as many accounts as you like.
How can I delete an account I registered for fund transfers?
You can view the details of your registered accounts and also add or delete accounts via Personal Internet Banking using your Security Device.
What do I need to do if I want to change my Registered account transfer limit?
If you want to lower your registered account transfer limit, you can do so via 'View and Maintain Registered Transfer Accounts' under 'Maintain My Details' after logging on to Personal Internet Banking.
If you want to raise your registered account transfer limit, you can do so via 'View and Maintain Registered Transfer Accounts' after successful transaction signing with your PIN-protected Security Device; or you can submit a completed 'Internet Banking Local Transfer Payees – Limit Increase and Maintenance Request Form' to any HSBC branch in Hong Kong.
How do I make a foreign currency or renminbi transfer to a registered account outside HSBC?
Start by selecting the account holder's name and account number from the pull-down menu. Then choose the required currency.
What currencies can I use for overseas fund transfers?
Any currency supported by both the sending and receiving accounts.
How do I make a Hong Kong dollar transfer to a non-HSBC account?
First, choose a bank from the pull-down menu. Then enter the account number and account holder's name.
How do I make a Hong Kong dollar transfer to a registered account?
By selecting the account holder's name and account number from the pull-down menu and then entering the transfer amount.
Will my account name appear on the recipient's account details?
Your account name will only appear on the recipient's account details if their account is within HSBC. However, it will not appear if the recipient's account is a HKD Passbook Savings account.
Do I need to input the bank code as well as the account number?
No, you only need to enter the 12-digit account number.
How far in advance can I schedule a transfer?
Anytime from 1 to 45 days.
What happens if I have set up a transfer for a future date, but on that date I don't have enough funds in my account to cover the transfer?
In this case, the transfer will not be made. We will inform you by email that we have been unable to make the transfer.
We strongly recommend that you check your Personal Internet Banking email on the actual transfer day to confirm the status of your transfer request.
Clicking Modify/Edit allows you to change an existing or newly set up autoPay instruction. The Delete button lets you cancel an existing autoPay transaction.
When will my change to an autoPay order take effect?
Modification or deletion of existing autoPay transactions will take effect after two working days.
How do I cancel an autoPay instruction with a 'Pending Set Up' status?
Simply click the Details button, then click Cancel. The transaction will then be cancelled.
How do I cancel my request to modify/edit or delete an autoPay instruction?
Simply click the Details button, then click Cancel. The pending modification or deletion instruction will then be cancelled.
What is the lead-time for setting up autoPay instructions?
The lead-time for setting up new autoPay instructions depends on the arrangement with particular merchants or recipients. Please check the lead-time with the merchant or recipient in question.
I can't find my autoPay recipient in the pull down menu. What should I do?
You can set up autoPay instructions no matter the recipients maintain accounts with HSBC or not.
To set up an autoPay to someone not in the pull down menu, select “Others Beneficiary, please specify…” in Category box. Then choose the bank code and enter the recipient’s bank account number and name.
To give you more ATM network options when travelling abroad, apart from the current UnionPay ATM card, we have introduced an additional chip card that uses the PLUS network.
The charge for using another bank’s ATM overseas is HKD20 for your UnionPay card and HKD40 for your PLUS network card. These fees are subject to change. You can get the latest figures by reading our bank tariff guide
Who can apply for a PLUS ATM chip card?
If you have an HSBC Integrated Account - such as HSBC Premier, HSBC Advance or our Personal Integrated Account - you can apply for a PLUS ATM chip card.
If I don't have an HSBC Integrated Account, can I apply for a PLUS ATM chip card?
To use the PLUS ATM chip card you must have an HSBC Integrated Account.
If you apply for a Personal Integrated Account and PLUS ATM chip card together, we'll permanently waive the below balance fee - currently HKD60 per month if you have a rolling three-month average Total Relationship Balance of below HKD5,000 - for your Personal Integrated Account. Please refer to the Bank tariff guide for HSBC Retail Banking and Wealth Management Customers
For details on the benefits of our integrated accounts or to open an account, call Customer Services on (852) 2233 3000 or visit any HSBC branch in Hong Kong.
Why is my UnionPay ATM chip card linked to my savings account and the PLUS ATM chip card to my current account?
Some overseas ATMs can't access multiple accounts. They can only connect to the primary account listed on the front of your card.
To allow you to access both your Hong Kong dollar savings and Hong Kong dollar current accounts overseas, we use your Hong Kong dollar savings account as the primary account for your UnionPay ATM chip card and your Hong Kong dollar current account as the primary account for your PLUS ATM chip card.
To use the PLUS ATM chip card abroad you'll need to activate the overseas ATM withdrawal limit before your departure as the default overseas ATM withdrawal limit is zero. You will also need to maintain sufficient funds in your Hong Kong dollar current account
How can I apply for a PLUS ATM chip card?
At any HSBC branch in Hong Kong or send a completed enrolment form to PO Box 72677, Kowloon Central Post Office, Kowloon.
Download the PLUS ATM chip card enrolment form [PDF].
When will I receive my new PLUS ATM chip card?
We'll send your ATM PIN and card collection information within 5 working days of receiving your application.
The UnionPay ATM chip card and PLUS ATM chip card look similar. How can I tell them apart?
You can differentiate the two cards based on these features:
| Features |
UnionPay ATM chip card |
PLUS ATM chip card |
|---|---|---|
| Account number |
Integrated Hong Kong dollar savings account - the last 3 digits of the account number are 833 or 888. |
Integrated Hong Kong dollar current account - the last 3 digits of the account number are 001. |
| ATM network logo (found on the right bottom corner of the back of your card) |
 |
 |
| Signature panel |
Signature required. Your signature will be verified by merchant for purchase transactions via UnionPay network. |
No signature required as no purchase transaction via Visa network is supported. |
My child has a UnionPay ATM chip card through their HSBC Premier - Junior Pack account. Can they apply for a PLUS ATM chip card?
We now only issue PLUS ATM chip cards to HSBC Premier Junior Pack cardholders. Your child can continue to use their existing UnionPay ATM chip card until the card expires or you can switch to a PLUS ATM chip card now. The PLUS ATM chip card for Junior Pack has to be activated within three months upon card issue date. The existing UnionPay ATM chip card will be deactivated once you activate the new card.
To apply for the PLUS card, Junior Pack account holders can call HSBC Premier on (852) 2233 3322 or visit any HSBC branch.
What are the fees for withdrawing cash with my ATM card in Hong Kong and abroad?
The ATM cash withdrawal fees per transaction are as follows:
| PLUS card |
UnionPay card |
|
|---|---|---|
| Overseas ATM cash withdrawal |
HKD40 |
HKD20 |
| Local cash withdrawal (HSBC ATM) |
Free | Free |
| Local cash withdrawal (non-HSBC ATM) |
HKD25 | HKD15 |
There is a difference in fee due to the usage of different networks.
Transaction fees change from time to time. You can get the latest figures by reading our Bank Tariff Guide
Can I keep using my UnionPay ATM chip card if I apply for a PLUS ATM chip card?
Yes, you can continue to use your current UnionPay ATM chip card even after we've issued your PLUS ATM chip card.
If I have already linked my bank account to my Visa or MasterCard credit card, do I still need to apply for a PLUS ATM chip card?
While some overseas PLUS network ATMs can access your bank account through your linked credit card, others will only be able to access your Visa or MasterCard credit card information. In that case, you would end up withdrawing cash from your credit card account and incur a cash advance fee. To enable you to operate both Hong Kong dollar savings and Hong Kong dollar current accounts overseas, the UnionPay ATM chip card is linked to your integrated Hong Kong dollar savings account while the PLUS ATM chip card is linked to your integrated Hong Kong dollar current account.
I could use my old magnetic stripe ATM card at PLUS and Cirrus network ATMs. Can I use these networks with my new UnionPay ATM chip card?
Your new UnionPay chip card can't be used on the PLUS/Cirrus network.
Your new ATM chip card can be used at:
If you have any questions, please contact us.
If you are travelling to a country where the UnionPay chip card is not supported, you may want to:
Apply for an HSBC PLUS ATM chip card or link your Visa or MasterCard credit card to your HSBC account so you can access PLUS and Cirrus network ATMs abroad.
How do I link my Hong Kong dollar Visa or MasterCard to my HSBC account so I can use my credit card at overseas ATMs?
You can link your HSBC issued credit card to your bank account by calling HSBC phone banking at (852) 2233 3000 or by visiting a HSBC branch in Hong Kong. If you apply by phone, the processing time of your request will be two working days. Branch applications take four working days to process.
Once processed, you'll need to activate the link by visiting an HSBC or Hang Seng ATM in Hong Kong and using your credit card to make a withdrawal, transfer or balance enquiry.
If you don't have an ATM PIN for your credit card, you can apply for a new PIN at a branch or through Personal Internet Banking. If you have a phone banking PIN you can also request an ATM PIN by phone (Quick key: 5 then 3 then 3).
As a final step, you'll need to set an overseas ATM daily withdrawal limit for your credit card. You can do this through Personal Internet Banking, mobile banking, phone banking, at a branch or at an HSBC or Hang Seng ATM in Hong Kong.
How do I use my bank account-linked credit card at an overseas ATM?
You can use a linked credit card to withdraw money from a PLUS or Cirrus network ATM overseas. In most countries, the ATM will give you the option to access these accounts:
If the ATM you're using doesn't show these options, then any cash withdrawal you make will come from your credit card account. It will be treated as a cash advance and subject to a fee.
What makes chip cards more secure than magnetic stripe cards?
Chip cards include both a magnetic stripe and an embedded microchip. The data on the microchip is much more difficult to steal and use for unauthorised transactions when compared to a magnetic stripe.
While chip cards help protect you from fraud you should still keep your card safe and protect your PIN at all times
What is the daily withdrawal limit on my ATM card?
The maximum limits11 shared for both local and overseas withdrawals are:
Withdrawing the maximum amount may require a few transactions, depending on the dispensing limit of the ATM.
To strengthen security controls for ATM services, the overseas ATM daily withdrawal limit (including cash advances) for all ATM and credit cards was pre-set to HKD0. If you have not yet set the ATM withdrawal limit, please do so for your credit card(s) or ATM card(s) through Personal Internet Banking, phone banking, HSBC Mobile Banking, any HSBC branch or any HSBC/Hang Seng ATM in Hong Kong.
11If you wish to withdraw the maximum amount, you may have to do so more than once, depending on the dispensing limit per transaction of the ATM used.
What is the daily transfer limit for my ATM card? How can I activate the overseas ATM daily transfer limit?
The daily transfer limit refers to the maximum amount you can transfer to HSBC accounts that are NOT linked to customers' ATM/credit cards or Hang Seng accounts from HSBC or Hang Seng ATMs in Hong Kong.
To find your daily transfer limit, log on to Personal Internet Banking and go to My HSBC then to Maintain My Details. You can check your ATM transfer limit under View and Set Transaction Limit.
To strengthen security controls for ATM services, the overseas ATM daily transfer limit was pre-set to HKD0. If you have not yet set the ATM transfer limit, you can activate via Personal Internet Banking and our branches in Hong Kong.
How can I activate the 'Overseas ATM Daily Withdrawal Limit' (including cash advance) and 'Overseas ATM Daily Transfer Limit'?
For your security, the overseas daily withdrawal limit and overseas transfer limit for all ATM and credit cards is HKD0.
You can set a new overseas withdrawal limit through:
To set a new overseas transfer limit log on to Personal Internet Banking or visit a HSBC branch in Hong Kong.
What is the maximum ATM daily withdrawal limit for the HSBC Premier Junior Pack Cash Card or Cash Card Beneficiary Card? How can I activate the overseas ATM daily withdrawal limit?
The maximum ATM daily withdrawal limits shared with both local and overseas withdrawals are as follows:
| HSBC Premier Junior Pack Cash Card |
HKD80,000 |
| Cash Card Beneficiary Card |
HKD80,000 |
Withdrawing the maximum amount may require a few transactions, depending on the dispensing limit of the ATM.
You can activate overseas withdrawals on behalf of your child or family member by visiting a HSBC branch in Hong Kong. HSBC Premier customers can also activate withdrawals by phone banking.
The family member who holds the card can also activate overseas withdrawals themselves at a HSBC or Hang Seng ATM in Hong Kong.
How long does it take to activate overseas ATM withdrawals? Can I activate more than one card at a time?
To activate overseas withdrawals for multiple cards, you can select All cards at HSBC or Hang Seng ATMs in Hong Kong - this takes two working days to process.
Or if you're using Personal Internet Banking or mobile banking you can select multiple cards for activation - this will be processed instantly.
If you've registered your mobile phone number with us we'll confirm the activation by SMS text message. You can also check whether your request was processed via ATM, Personal Internet Banking, mobile banking or phone banking.
Reminder note: If you wish to withdraw the maximum amount, you may have to do so more than once, depending on the dispensing limit per transaction of the ATM used.
Charities that support the eReceipt service are marked with a special indicator on the charity donation list. Please note that in order to use the eReceipt service you can only make a donation by bank account transfer, not by credit card.
Can my charity donation eReceipt be used for tax reduction purposes?
Yes, it is officially accepted proof for tax purposes. The eReceipt is retained for up to 24 months for your reference. You can save it or print for your records.
If I do not provide the name of the donor can I request a charity donation eReceipt?
No, you must provide the donor's name if you request a donation eReceipt. The donor's name is essential if the receipt is to be used for tax purposes.
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