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HSBC wire transfers review

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Transfer funds around the globe quickly and easily with HSBC

With HSBC’s Global Transfers you can seamlessly transfer funds between your eligible HSBC deposit accounts with no transfer fee. Or you can use HSBC’s Wire Transfers option to make an international wire transfer to someone else’s bank account, but for a fee. Wire transfers are a way to easily and quickly send money to people, businesses and banks worldwide.

No matter which option you choose, you’ll need to first have a bank account with HSBC.

How much does it cost to transfer money with HSBC?

One of the big advantages of using the HSBC Global Transfers service is that no fees apply to your international transactions. But this only applies to transfers between your own HSBC accounts.

However, a service fee is charged by the bank for every international wire transfer you send. You’ll be able to review any charges that apply to each transfer before you make your transaction.

HSBC exchange rates

You’ll need to consider the exchange rate that applies whenever you send money overseas, and HSBC updates its rates frequently in order to keep pace with market fluctuations. You’ll be able to review the live exchange rate that applies to each transaction before you make a transfer, but using the global transfers service to send money between your accounts entitles you to preferential exchange rates from the bank.

Transfer limits and available countries

As HSBC is an international bank, you can use the Global Transfers service to send funds to eligible HSBC deposit accounts in more than 45 countries around the world. The maximum amount you can send per day using this service is $200,000.

With wire transfers, you can send your funds to financial institutions in most countries around the world. However, there are some countries where US banks will not send your funds, such as Iran, Iraq, Cuba and North Korea.

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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 0.904 EUR 4,519 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 0.00 0.903 EUR
4,517
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 0.00 0.904 EUR 4,518 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day USD 0.00 0.902 EUR 4,512 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.902 EUR 4,511 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 5,000 1 day USD 0.00 0.903 EUR 4,515 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
USD 50 1 - 2 days USD 0.00 0.903 EUR 4,515 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

Compare up to 4 providers

What types of transfers can I make with HSBC?

  • 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 code.
  • 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 per day between your eligible HSBC deposit account (except CDs and online payment accounts) and your HSBC accounts throughout the world. No fees are attached to these transfers, and you can initiate them by logging on 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 pm EST are processed on the same day, while transfers requested after 4:15 pm EST are processed the next business day.

Pros and cons of using HSBC

Pros

  • Trusted global bank. HSBC is one of the biggest banks in the world.
  • Secure and convenient. Whether you’re sending HSBC global transfers or an international wire transfer, HSBC offers safe and easy international money transfer solutions.
  • 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.

How do I make an international transfer with HSBC?

If you are an HSBC Personal Internet Banking customer, you can initiate a wire transfer by following these steps:

  1. Log on to your HSBC Personal Internet Banking account.
  2. Select the My HSBC tab and click on Pay or transfer under the Move Money section.
  3. Select the account that you wish to make a payment from, then click the New Payee tab.
  4. Click the Wire transfer tab and follow the onscreen instructions to complete the wire transfer request.

Customer Service

If you need to get in touch with HSBC you can chat with a representative online, call 800-975-4722, tweet

HSBC SWIFT/BIC information

Bank nameSWIFT/BICBank addressRecipient’s nameRecipient’s account number
HSBC BankMIDLGB228 Canada Square, 13 E04 01, London, United Kingdom, E14 5HQBeneficiary’s name as it appears on the bank statementComplete bank account number

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-largest 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.

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 do customers say about HSBC?

Online customer reviews for HSBC are a mixed bag. One TrustPilot reviewer rates HSBC “quite highly,” while another review notes that “this is surely the worst bank in the world.”

Bottom line

Whatever the reason you need to transfer funds across international borders, HSBC offers two money transfer options worth considering. However, before you decide on the right solution to your funds transfer needs, compare the features and benefits of a range of providers.

Frequently asked questions

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22 Responses

  1. Default Gravatar
    EmyJune 20, 2019

    How long can it take to receive recalled international wire back to my account? It’s been 4 days now since I requested a recall and still haven’t received it back into my account yet. And I made the request 2 days after the transfer was initiated but was still pending on my account

    • Avatarfinder Customer Care
      JeniJune 20, 2019Staff

      Hi Emy,

      Thank you for getting in touch with Finder.

      Ideally, it takes 1-3 business days. If you did not get your recalled money transfer within the said time frame, kindly get in touch with HSBC to check its status.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    DGP314April 1, 2019

    I have an account in the UK. If I open one in the US, would the transfers of money have any fees associated with it?

    • Avatarfinder Customer Care
      JoshuaApril 2, 2019Staff

      Hi DGP314,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      If you are going to use HSBC’s Global Transfers, there’s no fee when sending money internationally between your eligible HSBC deposit accounts. You can start sending money by logging on to your personal internet banking account.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    SaikatFebruary 8, 2019

    My friend transfer money from HSBC Swiss bank to ICICI India bank.08.02.2019 4pm he paid the remittance charge.so when we we receive the money at my ac

    • Avatarfinder Customer Care
      ValFebruary 16, 2019Staff

      Hi Saikat,

      Thank you for leaving a question. Using HSBC transfer services – wire transfers or global transfers. Whichever option you choose, HSBC transfers the funds to your recipient’s account as soon as possible. Wire transfer requests received by 4:15 pm EST are processed on the same day, while transfers requested after 4:15 pm EST are processed the next business day.

      Hope this helps.

      Kind Regards,
      Val

  4. Default Gravatar
    SimoneNovember 16, 2018

    How long does a transfer take to process?

    • Avatarfinder Customer Care
      JhezNovember 16, 2018Staff

      Hi Simone,

      Thank you for your comment.

      HSBC international wire transfers offer same-day processing as long as you submit your transfer before 4:15 p.m. ET.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  5. Default Gravatar
    RamonNovember 15, 2018

    Hi
    Is it possible to deposit cash into my UK account at a branch in South Korea? If so can it be any currency eg RMB ?

    • Avatarfinder Customer Care
      nikkiangcoNovember 23, 2018Staff

      Hi Ramon,

      Thanks for your inquiry and for visiting our page. You may certainly deposit cash into your UK account in South Korea. You may ask about the currency at the bank you’re depositing to. Hope this helps!

      Best,
      Nikki

  6. Default Gravatar
    ChristopherJune 27, 2018

    Hi! I am waiting to receive a wire transfer from US. It’s been more than a week and I still haven’t received it. I am from the philippines. Is there any way I can follow up on the status from my end?

    • Default Gravatar
      joelmarceloJune 27, 2018

      Hi Christopher,

      Thanks for leaving a question on finder.

      Wire transfer requests received by 4:15 pm EST are processed on the same day, while transfers requested after 4:15 pm EST are processed the next business day. You can contact your local bank or the sender to clarify on what could be causing the delay. I hope you already have your funds with you at this time.

      Cheers,
      Joel

  7. Default Gravatar
    FrankMay 21, 2018

    a friend is making an international transfer from Bank of Taiwan to my Hsbc bank in UAE, how many days will it take before i get it?

    • Default Gravatar
      joelmarceloMay 22, 2018

      Hi Frank,

      Thanks for leaving a question on finder.

      Usually, it takes 5 – 7 business days. The bank would say 10 – 14 business days to be safe. A lot of times it depends what country the transfer comes from, what time of day it was sent and weekends really make the banking system take forever as nothing happens on weekends. To be sure, I suggest you speak with Bank of Taiwan to have a direct answer.

      Cheers,
      Joel

  8. Default Gravatar
    ArvellaApril 25, 2018

    How long does it takes to wire transfer from HSBC to Bank of the Philippine Island bank account? The sender was in UK and I am here in the Philippines. How long? It was April 23 when he transferred me the money but until i did not received anything,,

    • Avatarfinder Customer Care
      RichApril 25, 2018Staff

      Hello Arvela.

      I’d be happy to help you with your question.

      Money transfers from HCBC to another bank overseas could take from 2 to 5 banking days. There are several factors that affect the time frame for funds to clear, such as, type of payment you are making, the currencies involved in the transfer and the time of day the transfer request is made. Both banks follow their respective funds clearing processes. It is highly suggested to check with either banks directly for a more accurate information.

      Check out our article to find affordable alternatives to send money to the Philippines.

      Hope that helps.

      Regards,

      Rich

  9. Default Gravatar
    PaulApril 20, 2018

    How long does an hsbc wire transfer to Nigeria takes?

    • Avatarfinder Customer Care
      JoanneApril 20, 2018Staff

      Hi Paul,

      Thanks for reaching out.

      International wire transfers initiated before 4:15 p.m. ET are processed by HSBC Bank USA on the same day. Wire Transfer requests to domestic banks and international banks can be completed online at any time, however, those completed after 4:15 PM ET on business days will be automatically re-dated to the next business day. You may need to allow 24-72 business hours for an international wire to be completed.

      Cheers,
      Joanne

  10. Default Gravatar
    RheinMarch 19, 2018

    My friend transfer from hsbc hongkong to bank of china macao..the last digit of the acount number is incorect …will it reach macau bank?how to check if the transfer is already done

    • Avatarfinder Customer Care
      RenchMarch 22, 2018Staff

      Hi Rhein,

      Thank you for your inquiry.

      I’m afraid it will not be a successful transfer if the bank details is incorrect. You should enter all details correctly to avoid issues or delay with your money transfer.

      I suggest contacting HSBC directly for assistance by visiting their official site.

      Best regards,
      Rench

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