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HSBC is a large international bank with a wide network across Asia‑Pacific and beyond, offering cross‑border payments in dozens of currencies to more than 150–200 countries.

Key Facts and Figures

  • HSBC is a large international bank with a wide network across Asia‑Pacific and beyond, offering cross‑border payments in dozens of currencies to more than 150–200 countries and territories through its retail and business platforms.​
Mission Statement

Mission Statement

Marketing for its cross‑border services emphasises fast, convenient and secure international payments that leverage HSBC’s global footprint, with a particular focus on enabling individuals and [...]

Marketing for its cross‑border services emphasises fast, convenient and secure international payments that leverage HSBC’s global footprint, with a particular focus on enabling individuals and businesses to move money and manage cash across borders efficiently.

Core Services

Core Services

HSBC’s main IMT offerings include: standard international bank transfers, “Global Money Transfers” within its mobile apps, and same‑day or near‑real‑time remittances between HSBC accounts in [...]

HSBC’s main IMT offerings include: standard international bank transfers, “Global Money Transfers” within its mobile apps, and same‑day or near‑real‑time remittances between HSBC accounts in various Asia‑Pacific markets.

Countries Covered

Countries Covered

Coverage across many Asia‑Pacific countries plus Australia and New Zealand; for a Pacific user this usually means sending from (or to) Australia, New Zealand or [...]

Coverage across many Asia‑Pacific countries plus Australia and New Zealand; for a Pacific user this usually means sending from (or to) Australia, New Zealand or Asian hubs rather than directly to smaller Pacific Island banking systems.

Fees and FX Rates

Fees and FX Rates

HSBC often advertises “no HSBC transfer fee” for some Global Money Transfers between HSBC accounts, while standard international transfers can include both an explicit transfer [...]
  • HSBC often advertises “no HSBC transfer fee” for some Global Money Transfers between HSBC accounts, while standard international transfers can include both an explicit transfer fee and an FX spread.​
  • HSBC’s exchange‑rate margins and fixed fees can make it more expensive than specialist remittance providers for small or mid‑size transfers, even though it may be convenient for existing HSBC customers.
Q and A Selection

Q and A Selection

Q: How fast are transfers? A: HSBC promotes same‑day or very fast transfers between HSBC accounts in certain Asia‑Pacific corridors and standard cross‑border transfer times [...]

Q: How fast are transfers?

A: HSBC promotes same‑day or very fast transfers between HSBC accounts in certain Asia‑Pacific corridors and standard cross‑border transfer times (typically one to several business days) when sending to non‑HSBC banks.​

Q: How are transfers initiated?

A: Retail customers usually set up payees and send money through the HSBC mobile app or online banking; business clients may use platforms such as HSBCnet.​

Q: What limits apply?

A: Country‑specific materials describe maximum daily amounts (e.g., thousands to tens of thousands of local currency), plus standard AML/CFT checks and documentation when larger sums are involved.

User Testimonaials

User Testimonaials

Third‑party comparisons describe HSBC’s money‑transfer service as having strong reach and security but mixed value for money, with higher fees and FX margins compared with [...]
  • Third‑party comparisons describe HSBC’s money‑transfer service as having strong reach and security but mixed value for money, with higher fees and FX margins compared with low‑cost fintech alternatives; users often praise the convenience of managing transfers within an existing HSBC relationship but criticise costs and sometimes speed.​
  • App‑based tutorials and marketing material highlight positive customer experiences with the Global Money Transfers interface, but systematic, Pacific‑specific testimonials are not publicly collated.
Compliance and Legal Info

Compliance and Legal Info

HSBC Bank Australia Limited; ABN (Australian Business Number): 48 006 434 162; Australian Financial Services Licence (AFSL) and Australian Credit Licence number: 232595.​ For New [...]
  • HSBC Bank Australia Limited; ABN (Australian Business Number): 48 006 434 162; Australian Financial Services Licence (AFSL) and Australian Credit Licence number: 232595.​
  • For New Zealand, HSBC operates through The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch, which is listed by the Reserve Bank of New Zealand as a registered bank rather than being described with a short public “licence number”; its status is normally cited simply as a registered bank under the Reserve Bank of New Zealand Act 1989, together with its company and branch registration details from the New Zealand Companies Office. Public sources do not show a single, IMT‑specific licence ID for the New Zealand branch.
  • HSBC group entities are authorised banks in their home jurisdictions (for example, in the UK and various Asia‑Pacific countries) and hold the necessary banking and financial‑services licences to conduct deposit‑taking and payment services; these authorisations cover IMTs as part of their overall banking permissions.​
  • HSBC is an authorised or licensed bank under the relevant banking acts, but do not present a single, global “IMT licence number,” and licence identifiers differ by country and legal entity. To obtain an exact licence or registration number for a specific HSBC entity (such as the Australian, New Zealand or Hong Kong arm), it is necessary to consult that entity’s regulatory disclosures or contact HSBC or the local regulator directly.
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