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HSBC overcharging overseas transfer fees?

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  1. #1

    Join Date
    Jun 2015
    Posts
    170

    HSBC overcharging overseas transfer fees?

    Made an overseas TT through HSBC online banking and was charged 165 HKD fees despite being mentioned that fees would only be 115 HKD.

    Does anybody know what the extra 50 HKD is for? The intermediate bank in my case is HSBC USA.


  2. #2

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,968
    For telegraphic transfer sending direct to or routing through Australia, Bangladesh, Brunei, Canada, Mainland China, Guam, India, Indonesia, Japan, Korea (South), Macau SAR, Malaysia, Mauritius, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand, UK, USA and Vietnam, an optional flat fee of HK$150 can be made to cover the first payment charges imposed by overseas HSBC banks*/branches (excluding Hang Seng Bank Limited and its subsidiaries) for their processing. If the telegraphic transfer is made through HSBC Internet Banking, the flat fee is HK$50. This optional flat fee will not cover any subsequent charges imposed by any correspondent banks and/or recipient banks.
    Somewhere in the fine print on

    https://www.personal.hsbc.com.hk/1/P...nk-tariffs.pdf
    chuckster007 likes this.