HSBC Commercial/Business Account

Closed Thread
  1. #1

    Join Date
    Sep 2010
    Posts
    722

    HSBC Commercial/Business Account

    Hi - does anyone know if a HK account can accept cheques in sterling? i ask since the customer service lines is closed today. Thanks


  2. #2

    Join Date
    Mar 2007
    Location
    Gold Coast Marina
    Posts
    17,934

    Yes but it will literally take MONTHS to clear. They post them to thw uk or something stupid. We had an Australian cheque once and getting cleared funds was a nightmare. Thwy also charge a whopping fee


    Sent from my GT-N7000 using GeoClicks mobile app


  3. #3

    Join Date
    Sep 2010
    Posts
    722

    i don't mind the waiting time but the whopping fees is another story. How much are we talking about - is it a % of the amount? thanks!


  4. #4

    Join Date
    Mar 2007
    Location
    Gold Coast Marina
    Posts
    17,934

    No it was a fixed fee. A few hundred hkd if I recall

    Sent from my GT-N7000 using GeoClicks mobile app


  5. #5

    Join Date
    Jul 2007
    Location
    TST and Macau
    Posts
    1,487

    It has been a very long time ago that I asked and HSBC had 2 options: To send the cheque for collection or to buy the cheque. I don't remember which one, but the cheaper option had only 50 HK$ charges. You would need to go and ask for updated information.


  6. #6

    Join Date
    Nov 2007
    Location
    Wanchai
    Posts
    5,063

    If it's just one cheque they probably won't buy it and will send it for collection.

    The charge these days is HKD 100 i believe for the cheque purchase.


  7. #7

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971

    They buy our check(s) regularly.

    Depends on how long you've had that account and the average balance.

    We did have a lot of problems 12-13 years ago when the account was new. Don't have any problems now.


  8. #8

    Join Date
    Nov 2007
    Location
    Wanchai
    Posts
    5,063

    They usually buy ours too but refused the other week when it was 2 USD cheques drawn on taiwanese banks


  9. #9

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,971

    Trebor - those I assume would need to be sent to Taiwan to clear?

    Not had problems with USD from US banks once we passed some magical threshold.


  10. #10

    Join Date
    Nov 2007
    Location
    Wanchai
    Posts
    5,063

    I guess but they have purchased them drawn on Taiwanese banks before.