HSBC Bank Canada international money transfers

Enjoy an extensive range of financial services and transfer money worldwide with HSBC Bank Canada international money transfers.

With a network of over 140 branches across Canada, HSBC Bank Canada is the leading international bank in the country, helping companies and individuals to manage their funds internationally with global banking and market services. With around 7,200 offices in over 80 countries and territories, HSBC allows clients to seamlessly transfer funds between their eligible international HSBC deposit accounts. Clients can take advantage of comprehensive online banking services to help manage their accounts, update personal details and set up international transfers or automatic bill payments, no matter their location.

HSBC foreign exchange rates

HSBC Bank Canada foreign exchange rates are comparable with other banks in Canada. While exchange rates change frequently to keep pace with market fluctuations, as a Premier or Advance client, you can take advantage of HSBC’s Global Transfers service which entitles you to preferential exchange rates.

CurrencyCurrency Code(Bank Buys) IMT(Bank Sells) IMT
AUDAUD0.96101.0170
CADCAD1.01760.9641
CHFCHF1.33771.3727
CNYCNY0.19220.2022
EUREUR1.52161.6036
GBPGBP1.71861.8026
HKDHKD0.15760.1626
INRINR0.01930.0198
JPYJPY0.01150.0120
NZDNZD0.89850.9485
PHPPHP0.02270.0252
SGDSGD0.94160.9666
THBTHB0.03900.0409
SEKSEK0.15210.1621
USDUSD1.22651.2777

*Rates are current as of 15 February 2018

Membership Types with HSBC Bank Canada

When it comes to completing international money transfers with HSBC Bank Canada, there are two types of privileged memberships.

  • Premier Customers. Must have $100,000 in personal assets held in personal deposit and/or investment balances to qualify for this membership.
  • Advance Customers. Must have a personal deposit and/or investment balance of $25,000 or total aggregate personal mortgage balances of $150,000 with HSBC in Canada to qualify for this membership.

Holding one of these memberships can help to significantly reduce fees for international money transfers.

Fee structure for international money transfers

HSBC Bank Canada enables Premier and Advance account holders to safely transfer funds between eligible personal HSBC accounts in over 30 countries, both in-branch and online.
Outgoing fees are based on account membership (ie. Premier, Advance or Other) and vary according to amounts being transferred. For example, if you send <$10,000 overseas, the outgoing fees will fluctuate in accordance with the table below.

Transaction TypeHSBC PremierHSBC AdvanceOther Personal Accounts
In-Branch$30$40$45
Personal Internet Banking$15$30$40

Fees for other eligible amounts and services to domestic or international financial institutions are outlined here.

Minimum transfer amount and available countries

HSBC Bank Canada Premier and Advance customers can conveniently transfer funds between eligible personal HSBC accounts in over 30 countries. For these privileged accounts, HSBC Bank Canada operates two platforms – Global View and Global Transfers – to make viewing, managing and transferring money between personal HSBC accounts worldwide incredibly simple. Minimum transfer amount is $10 while max transfer amount is $150,000.

Registration and transfer process

Obtaining access to HSBC international money transfer services requires that you register for online internet banking with a Personal Banking Number, an Access Code and an online security device (a small device protected by a PIN code) which can be obtained from an HSBC Bank Canada branch or received by mail if you register online. Here are the steps you need to follow to register for internet banking:

  1. Click on the registration link on the HSBC internet banking page.
  2. Enter your Personal Banking Number and Access Code.
  3. Set up your personalised username and password.
  4. Activate online security device.

To send a domestic or international transfer, you will need to know the recipient’s banking information, including the recipient’s full name, address and bank account number. You will also need the recipient’s bank ABA Routing Number or SWIFT Number and the bank’s name and full address.


What are the pros and cons of using HSBC?

Pros

  • Secure money transfer. HSBC Bank Canada is committed to protecting your money and personal information through two factor authentication which involves both encryption and a portable PIN-protected security device.
  • Wide coverage. With around 7,200 offices in over 80 countries and territories, and 140 branches across Canada, HSBC Bank Canada lets you transfer money overseas from just about anywhere, hassle-free.
  • Mobile banking. Manage and access your eligible accounts, monitor international transfers, send and receive secure BankMail and view your balances and transactions, all at the click of a button.
  • Instant transfers. Make instant money transfers between your domestic HSBC and international accounts.

Cons

  • Limits and charges. A transfer fee is charged for each outgoing transfer and there is a default limit on how much you can transfer internationally.

Frequently asked questions

Immediate transfers cannot be cancelled, although scheduled transfers can be cancelled up to a day before the request is implemented. You can schedule transfers for up to 18 months in advance.

You are required to use this code on outgoing transfers and on any incoming money transfers to your Canadian HSBC account from international bank accounts.

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26 Responses

  1. Default Gravatar
    kennethJuly 6, 2016

    What is the possibility to transfer Iranian Rial to a designated HSBC US Dollar account ???

    • Staff
      ClarizzaJuly 7, 2016Staff

      Hi Kenneth,

      Thanks for your question. As you may be aware, there are currently sanctions in place between the U.S and Iran that may restrict international banks from dealing in the Iranian market.

      It’s best to check with your bank first and find out what you can do to send money to the U.S. It should be noted, we are a comparison website and as such provide general advice only.

      Hope this helps.

      Clarizza

  2. Default Gravatar
    DaisyJune 25, 2016

    If I want to transfer money from HSBC melbourne to HSBC Hong Kong. However, I don’t have an HSBC account. Can I go to the branch with cash and ask them to put it into an HSBC Hong Kong account? How much fee would be applied?
    Thank You!

    • Staff
      ClarizzaJune 28, 2016Staff

      Hi Daisy,

      Thanks for your question.

      You can certainly transfer money to HSBC Hong Kong, however you would need to open an account.

      Online transfers will incur a $20 fee while bank transfers will incur a $25 fee. Please note, there may be a limit to the amount you transfer so it’s best to check this with HSBC.

      You can also send money through an international money transfer – our page might help you compare services or you can contact an FX expert on the form at the bottom of that page.

      Hope this helps.

      Clarizza

  3. Default Gravatar
    MarcusMay 11, 2016

    Can I send TT from my HSBC HK a/c to CB bank in Myanmar?

    • Staff
      ShirleyMay 11, 2016Staff

      Hi Marcus,

      Thanks for your question.

      Since finder.com is an Australian comparison service, we can’t confirm whether you can send a TT from your HSBC HK account. This will depend on the regulations in place for Hong Kong.

      In this case, it’s best to speak to a HSBC UK representative to confirm.

  4. Default Gravatar
    KarenApril 22, 2016

    Hello,
    Just wanna ask why it took so long to received the transfer that sent to my account? Its from HSBC HONGKONG .Its been 10 days since it was transferred

    • Staff
      ShirleyMay 2, 2016Staff

      Hi Karen,

      Thanks for your question.

      Please note that finder.com is a third party comparison site and is not a product issuer. For direct account enquiries related to HSBC, please speak to them directly.

      All the best.

  5. Default Gravatar
    ShawnJanuary 5, 2016

    Can can I stop immediate transfer from my hsbc bank account to other foreign bank account???

    • Staff
      ShirleyJanuary 5, 2016Staff

      Hi Shawn,

      Thanks for your question.

      If you schedule a transfer to be processed immediately, you may not be able to stop the transfer. Any other scheduled or recurring payments can be cancelled up to one full business day before the requested transfer date. Choose the ‘Transfers’ option and select ‘Future Transfers’ and follow the instructions to change or cancel the instruction.

      Cheers,
      Shirley

  6. Default Gravatar
    ErangaOctober 28, 2015

    Hi ,
    I want to Transfer S$600000.00 from HSBC in Singapore to My HSBC account in Melbourne.
    To This Do I have to become a HSBC Premier Account Holder or can I Do this with a HSBC Normal Account Holder? Which is the best Option?
    Thanks
    Eranga

    • Staff
      ShirleyOctober 28, 2015Staff

      Hi Eranga,

      Thanks for your question.

      You can complete this international money transfer as a regular HSBC account holder.

      Please note finder.com is not in a position to advice what your best options are – this question is best directed to the customer service team at HSBC.

      Cheers,
      Shirely

  7. Default Gravatar
    JuanAugust 15, 2015

    what is the receiving bank in a international wire transfer from usa to HSBC hong kong bank?

    • Staff
      BelindaAugust 17, 2015Staff

      Hi Juan,

      Thanks for your enquiry.

      When sending an international wire transfer with HSBC from the United States to Hong Kong, the receiving bank will be the recipient’s bank that you nominate when processing the transfer.

      To send an international wire transfer, you’ll therefore need to have the recipient’s banking information including their full name, address and bank account number. You’ll also need to provide the recipient’s bank ABA Routing Number or SWIFT number as well as the bank’s name and address.

      Thanks,
      Belinda

  8. Default Gravatar
    RussellAugust 6, 2015

    what AUD intermediary bank do I use to send AUD’s to my HSBC AUD account in the Philippines.?

    • Staff
      BelindaAugust 6, 2015Staff

      Hi Russell,

      Thanks for your enquiry.

      If you’re asking to send AUD to the Philippines and for the funds to remain in AUD dollars, the funds will only be received in a multi currency, so if you withdraw the funds from an ATM, you will be given Peso.
      Unfortunately once the funds have been received it can not be removed from an ATM machine in AUD, only in Peso.

      However, you can send AUD directly to the receiver but again the funds will convert to Peso.

      To complete this transfer, you can use any Australian bank but please note that each bank will have their own fees when transferring funds overseas.

      Thanks,
      Belinda

  9. Default Gravatar
    EmiFebruary 12, 2015

    Hi,

    If I transfer money from Australia to my friend’s HSBC account in Hong Kong, what is the fee charged to my friend to receive the money?

    Thanks.

    • Staff
      ShirleyFebruary 12, 2015Staff

      Hi Emi,

      Thanks for your question.

      Please note that finder.com is an Australian comparison site and we can only provide general advice regarding products issued in Australia.

      Your friend will need to speak to HBSC in Hong Kong to see what these fees are.

      Cheers,
      Shirley

  10. Default Gravatar
    CynthiaAugust 4, 2014

    What are the requirements and incidental fees when and if I am the one receiving money transfer from another bank from Australia? I being an account holder of HSBC Philippines.

    • Staff
      ShirleyAugust 4, 2014Staff

      Hi Cynthia,

      Please speak to your local HSBC customer service team regarding this, as the fee structure for international money transfers is different for each country.

      Cheers,
      Shirley