HSBC review: International money transfers and overseas payments

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Is one of the world's biggest banks giving you value for money transfers? Use our review to find out more.

HSBC offers fast and easy international money transfers to over 160 countries. The service is available 24 hours a day, seven days a week, and allows you to send up to £50,000 within minutes.

GBP 100

Min. Transfer Amount

GBP 50,000

Max. Transfer Amount

Same day

Transfer Speed


Product NameHSBC International Money Transfers
Min. Transfer AmountGBP 100
Max. Transfer AmountGBP 50,000
Transfer MethodsOnline, Phone, Agent, Bank Account to Bank Account
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
Same day
Customer ServicePhone, Email, Branch
Online Transfer FeeGBP 4

Compare HSBC to other international money transfer options

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,000 1 day GBP 0.00 1.124 EUR
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 5,000 Same day GBP 0.00 1.131 EUR
Universal Partners FX offers competitive exchange rates and same-day transfers for 100+ currencies. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.124 EUR
Get no fees as a Finder customer when you transfer your money overseas with Global Reach. Go to site Show details
GBP 1 1 - 2 days GBP 0.00 1.131 EUR
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 2,000 1 day GBP 0.00 1.124 EUR
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.124 EUR
With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers. Go to site Show details
GBP 5,000 Same day GBP 0.00 1.124 EUR
Clear Capital specialises in sending over 150 currencies abroad for both individuals and businesses. Expect to receive a dedicated account manager and same-day transfers. Go to site Show details
GBP 2,500 Same day GBP 0.00 1.124 EUR
Central FX’s dedicated private client team will guide you through the money transfer process from first call to final payment. Go to site Show details
GBP 5,000 1 day GBP 0.00 1.129 EUR
Take advantage of fee lock-ins and live bookable rates, helping you save up to 85% in hidden bank fees. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.124 EUR
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 1 1 - 2 days GBP 1.99 1.121 EUR
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
GBP 5 2 days EUR 3.00 1.13 EUR
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
GBP 50 Same day GBP 2.99 1.13 EUR
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Beat the banks

We’ve tested the amounts a bank will give you against an average money transfer company, and the results could net you big savings. A £10,000 transfer to Australia with a money transfer company would save $378 AUD compared to a bank.

Why is this? Some banks charge up to £25 extra, which may be shown to you as a sum of small charges made of percentages and absolute fees. On top of this, there’s a hidden charge – the margin on the exchange rate. Money transfer companies tend to have much lower rates than banks and are generally a better option for sending money abroad. Don’t believe us? See our table below.

Amount received for £10,000
Global Reach Global Reach€11,304 EUR (save €549)$12,903 USD (save $557)$16,662 AUD (save $398)
HSBC HSBC€10,755 EUR$12,346 USD$16,264 AUD

HSBC exchange rates

HSBC offers live exchange rates that are updated from one minute to the next during trading hours. This ensures that customers can receive the most up to date rate available for their transaction.

To view HSBC’s exchange rate for your transfer destination, login to your internet banking account and enter the details of your transfer. You’ll be able to review the details of your transaction, including the exchange rate that will apply, before you commit to the transfer.

How much does it cost to transfer money with HSBC?

The fee that will apply to your HSBC international money transfer is calculated on the transfer method you select and where you are sending the funds. For example, while online transfers to HSBC accounts overseas do not attract any fees, placing your transfer over the phone or by visiting a branch will incur a £20 fee.

If you’re sending an online transfer to any other bank around the world, a fee of £4 will apply, while branch or telephone transfers to any of the following countries will incur a £9 fee:

Phone and in-branch transfers to countries not on this list attract a £30 fee.

Minimum transfer amount and available countries

While no minimum transfer limit is listed, the following maximum limits apply:

  • For online transfers: £50,000 or an equivalent amount in another currency
  • For branch transfers: No limit
  • For phone transfers: No limit for HSBC Premier customers, £10,000 for non-Premier customers

As an international bank, HSBC offers transfers to bank accounts all around the world, including transfers to 169 countries made by UK customers in 2013. For a full list of where you can send funds, contact HSBC.

What types of transfers can you carry out with HSBC?

HSBC offers the following transfer options when you want to send money to an overseas bank account:

  • One-off transfers. This allows you to send money overseas quickly and conveniently.
  • Future-dated payments. This option allows you to send funds at whatever exchange rate is available when the transfer is executed.
  • Recurring payments. You can take advantage of this transfer option when paying off a debt in instalments, for example a mortgage.

If you ever need help regarding HSBC international money transfers, a selection of frequently asked questions and answers can be accessed through the bank’s website. Phone support is available from 8am to 8pm seven days a week, or you can pop into your nearest HSBC branch for assistance.

The registration and transfer process

You’ll need to be a HSBC account holder in order to send money overseas, so examine the banking solutions available from HSBC to determine if any meet your needs.

To send an online transfer, login to your HSBC Online Banking account. You can then navigate to the account from which you want to make the payment and click on ‘Send Money Overseas’.

Next, enter the details of your payment, including:

  • Your recipient’s full name and address
  • The Bank Identifier Code (BIC) of your recipient’s bank
  • Your recipient’s International Bank Account Number (IBAN) or account number
  • The country where the bank is located
  • The amount you wish to send and the reason you are making the payment

The final step is to review and confirm the details of your transfer.

The number you need to call to send a phone transfer varies depending on whether you are a Premier, Advance or other HSBC customer, while you’ll need to take photo ID and your beneficiary’s details with you if you want to send a payment from an HSBC branch.

What are the pros and cons of using HSBC?


  • Choice of transfer methods. You can place a transfer online through your internet banking account, over the phone or by visiting a HSBC branch.
  • Secure and convenient. Sending an international money transfer with HSBC gives you the security and peace of mind of dealing with a trusted global financial institution, plus HSBC customers will already have an account set up and will not have to go through a registration process to access the service.


  • Some charges apply. Transaction fees apply to all transfers placed over the phone or by visiting a HSBC branch.

What other products and services does HSBC offer?

As a global financial institution, HSBC offers an extensive range of banking products and services to its customers. In terms of international banking it offers the following:

  • Overseas relocation services. You can open a HSBC bank account overseas before you move in 37 countries.
  • Travel money. HSBC allows you to order your travel money online and take advantage of next-day delivery.
  • HSBC Premier Worldwide Travel Insurance. This is provided at no extra cost to HSBC Premier customers who are UK residents and under 70 years of age.

Frequently asked questions

If you’re impressed with the features offered by HSBC’s international money transfer service, make sure to compare it with the options available from other money transfer providers. Taking the time to weigh up your options will ensure that you can find the right solution to your transfer problems.

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  1. Default Gravatar
    December 29, 2017

    Hello, my client has a HSBC account and wants to do a money transfer to my bank account in Korea. Since I have several accounts of different korean banks, I would like to know which korean bank should I give my client so that he doesn’t have to pay the correspondance fee. Last time, he sent the money to Shinhan bank and there was a trasnfer fee and correspondance fee from Deutsche bank that was required.

    • Avatarfinder Customer Care
      December 30, 2017

      Hi Sarah,

      Thanks for your inquiry

      I’m afraid we cannot recommend specific banks. It would be best to speak directly with your banks and inquire about their international money transfer fees. Ultimately, it would be up to you to choose the bank that meets your needs.

      Hope this information helps


  2. Default Gravatar
    July 16, 2017

    Is it possible to transfer money from Bangladesh to Canada ?

    • Avatarfinder Customer Care
      July 17, 2017

      Hi Joy,

      Thanks for reaching out.

      If you have a bank account with HSBC in Bangladesh and would want to do a money transfer to another bank or HSBC account in Canada, yes, you can. Please organise your transfer via online banking and log into your account. Fees and rates will be specified in your transfer. For all your other inquiries, please get in touch with HSBC Bangladesh directly.


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