HSBC international money transfers comparison

Transfer funds around the globe quickly and easily with HSBC

HSBC International Money Transfers

When you need to send funds overseas, you want a fast, convenient and safe way to get your money where it needs to go.

HSBC offers two options for international money transfers: Global Transfers and wire transfers.

Global Transfers allows for a seamless transfer of funds from your eligible HSBC deposit account to another HSBC account in any country with no transfer fee. International wire transfers can be sent from an eligible HSBC account to non-HSBC accounts, but for a fee. Wire transfers are a way to easily and quickly send money to people, businesses and banks worldwide.

See how other services compare to HSBC

Use our comparison calculator to assess the transfer fees, exchange rates and other details for HSBC against our money transfer partners when sending cash overseas.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
WorldRemit International Money Transfers
USD 1 Within an hour USD 3.99 17.687 Online, Bank Account to Bank Account, Cash Transfer MXN 88,366 Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site View details
World First Foreign Exchange
USD 1,000 1 day USD 0.00 17.714 Online MXN 88,571 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
Go to site View details
TransferWise International Money Transfers
USD 1 1 day USD 75.00 17.995 Online MXN
88,625
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
OFX International Money Transfers
USD 150 1 day USD 0.00 17.923 Online, Bank Account to Bank Account MXN 89,615 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
HiFX International Money Transfers
USD 100 2 days USD 5.00 17.914 Online MXN 89,481 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
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How can I send money overseas with HSBC?

Before you can send money overseas with HSBC, you’ll need to open an account with the bank.

Apply online or over the phone with:

  • Your full name and contact information.
  • Your Taxpayer ID Number or Social Security number.
  • Your date of birth.
  • Your driver’s license or other government-issued ID.
  • Information about any loans or mortgages you have.

Once you have an account, it’s easy to start transferring funds around through two transfer options:

  • Wire transfers. Send money from your HSBC deposit accounts to other people, businesses and financial institutions around the world. Initiate a transfer through your online account, completing an online transfer request form with your recipient’s name, address and bank account number. You’ll also need to supply your recipient bank’s routing number or SWIFT number.
  • Global Transfers. HSBC Premier and Advance account holders can use HSBC’s Global Transfers, which allows you to send up to $200,000 per transaction and per day between your eligible HSBC deposit account (except CDs and online payment accounts) to your HSBC accounts throughout the world. No fees are attached to these transfers, and you can initiate them by logging in to your Personal Internet Banking account.

Whichever option you choose, HSBC transfers the funds to your recipient’s account as soon as possible. Wire transfer requests received by 4:15 p.m. ET are processed on the same day, while transfers requested after 4:15 p.m. ET are processed the next business day.

what is a swift code?

Short for the cumbersome Society for Worldwide Interbank Financial Telecommunication, a SWIFT code is an international bank code used for incoming transfers. Overseas banks each have a unique SWIFT code that identifies which bank to send money to.

Pros and cons of using HSBC international money transfers

Pros
  • Fee-free transfers. With Global Transfers, HSBC allows you to send up to $200,000 per transaction between your HSBC accounts in different countries without incurring a transfer fee.
  • Quick and convenient. International wire transfers from HSBC Bank USA offer a fast, easy way to send money overseas.
  • Same-day transfers. International wire transfers initiated before 4:15  p.m. ET are processed by HSBC Bank USA on the same day.
Cons
  • Wire transfer fees. You’ll need to pay a service fee for each international wire transfer you send to a non-HSBC account or an HSBC account that does not belong to you. Check the Pre-Payment and Receipt Disclosures associated with your account to confirm the fee you’ll pay for each transaction.
  • Security device. You may be required to obtain an HSBC Security Device that requires two-factor authentication to make a transfer. You have the option of using a Digital Device via the HSBC Mobile Banking App or a portable Physical Device.

What other products does HSBC offer?

  • Checking and saving accounts. Manage your ongoing financial needs, from basic accounts with essential features right through to high-end accounts that help you get more out of your money.
  • Credit and debit cards. Whether you’re looking for a platinum-level rewards card or a basic card for emergency purchases, you’ll find a card with HSBC.
  • International banking solutions. From international mortgages to helping those who are relocating overseas, HSBC Bank USA offers a wide range of international banking services.
  • Mortgages and home equity loans. Own your next home sooner or take advantage of the equity in your current property with a range of flexible mortgage solutions.
  • Investment products. Invest in mutual funds, fixed-income products, ETFs, equities and more with help from HSBC.
  • Insurance. HSBC Bank USA offers life insurance, long-term-care coverage and disability insurance.

What is HSBC?

Established in London by the Hong Kong and Shanghai Banking Corporation in 1991, HSBC Holdings is a multinational financial services provider with roots dating back to the 1860s. The third-biggest bank in the world in terms of assets, HSBC has operations across 80 countries and territories around the world.

HSBC Bank USA services more than 2.4 million customers across the US, from retail and commercial banking to wealth management, asset management and more. HSBC Bank USA has more than 230 branches throughout the US.

Bottom line

HSBC allows you to send money across international borders with ease. But unless you’re sending it to one of your other HSBC accounts, expect to pay a fee.

You should always compare a number of options before deciding on an international money transfer provider to get the best deal for your situation.

Frequently asked questions

You can send up to $200,000 per transaction or per day using HSBC’s Global Transfers.

You’ll need to supply:

  • Your recipient’s name and contact information.
  • Your recipient’s bank account number, bank address and SWIFT code.

Yes. Visit your nearest HSBC Banking Center to discuss your overseas banking options and even open an account in your new country of residence before you leave the US. Remote application services are also available online and over the phone, if you don’t live near an HSBC branch.

HSBC Global Transfers are available to HSBC Premier and HSBC Advance clients. You can only use HSBC Global Transfers to send money between your HSBC accounts.

Yes, you can cancel an international wire transfer within 30 minutes of submitting it without incurring a penalty.

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2 Responses to HSBC international money transfers comparison

  1. Default Gravatar
    Maggie | June 10, 2017

    if a friend from London send me money as a gift from HSBC what confirmation must I get and do I have to pay money in order to clear funds into my account? does the money go straight to my bank or reserve bank of sa must communicate with me in order to release the money?

    • Staff
      May | June 16, 2017

      Hi Maggie,

      Thanks for reaching out.

      Basically, recipients of money transfers would also pay fees for receiving money into their bank accounts, but that would depend on the institution they bank with. In your case, it would be best to directly get in touch with your bank if they would apply fees when your receive money to your account.

      Cheers,
      May

US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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