An easy guide to bank services and charges - HSBC ?· An easy guide to bank services and charges ...…

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  • An easy guide to bank services and chargesFor corporate customersEffective: 08 May 2009

    We aim to provide transparent and easy to understand chargesfor all our products and services. This guide is designedspecifically for our corporate banking customers and coversour most commonly used services. We hope you will findit clear and helpful.

    The charges in this guide are effective from 08 May 2009and are subject to change without prior notice.Charges for products not listed here can be obtained fromyour Relationship Manager. Please note that any accountcharges listed in US Dollars and other Foreign Currenciesare payable in the currency of the relevant transaction accountfor an equivalent amount based on prevailing exchange rates.The enclosed charges only apply to accounts held withThe Hongkong and Shanghai Banking Corporation Limitedin the Philippines.

    Should you have any questions on any of the charges,products or services referred to in this guide, please do nothesitate to call us at 85-878 or contact your branch of account.

    Thank you for choosing HSBC.

    TARIFF GUIDEFor Corporate Banking Customers

    1

    Member of the Philippine Deposit Insurance CorporationMaximum Deposit Insurance for Each Depositor P250,000

  • Minimum Balance RequirementPHP125,000PHP375,000USD5,000USD15,000

    Below Minimum Balance Charges Per Month *PHP2,000PHP2,000USD65USD65

    PHP SavingsPHP CurrentUSD SavingsUSD Current

    Other Foreign Currency (FCY) Savings Accounts:AUD10,000CAD10,000CHF10,000EUR5,000GBP5,000HKD50,000JPY1,500,000SGD75,000

    AUD100CAD100CHF100EUR100GBP50HKD500JPY5,000SGD75

    AUDCADCHFEURGBPHKDJPYSGD

    Closing FeeSavings and Current Account (If closed within three months)Treasurer-In-Trust-For Account (If closed without opening a regular corporate account)

    Inactive account Charges

    PHP2,250 or FCY equivalentPHP2,250 or FCY equivalent

    PHP100USD5AUD10CAD10CHF10EUR10GBP5HKD50JPY1,000SGD12

    Interest RatesIndicative interest rates are posted in our branches but are subject to change at any time. Please contact your branch of account or call us at 85-878 for up-to-date

    information.

    Effective 01 October 2005. For two consecutive months for active accounts and one month for dormant accounts. Dormant accounts are savings accounts with no

    activity (deposits and withdrawals) for two years and current accounts with no activity for one year.

    PHP AccountUSD AccountAUD AccountCAD AccountCHF AccountEUR AccountGBP AccountHKD AccountJPY AccountSGD Account

    For bookings, please contact your Relationship Manager or call us at 85-878.

    Pre-Termination of Time DepositsNote: Withdrawal of time deposits, if made before the due date thereof, is subject to the Banks consent and to such applicable penalties which the Book may impose. Please refer to your

    Relationship Manager for penalties and breakfunding cost.

    ACCOUNT SERVICES

    TARIFF GUIDEFor Corporate Banking Customers

    TIME DEPOSIT SERVICES

    1

  • Foreign Currency Cash Deposits and Withdrawals Cash deposit/withdrawal (USD) USD2 notes handling fee per USD1,000 cash deposited or withdrawn per day;

    First USD1,000 no charge (Free of charge if foreign exchange isinvolved)

    Note: Payment of foreign currency notes is subject to availability. Customers are advised to reserve foreign currency cash 3 working days in advance to ensure transaction can be completed.

    Cash deposit/withdrawal (other FCY) 0.25% Commission in Lieu of Exchange on total amount

    Safety Deposit Boxes Refundable key deposit PHP2,500

    Annual Rental Fee:3x5x24 inches5x5x24 inches3x10x24 inches5x10x24 inches10x10x24 inches

    PHP1,500PHP1,800PHP2,000PHP2,750PHP4,000

    Peso Check Deposit and Clearing Periods Check deposited and drawn on Provincial banks

    Peso check sent for special clearing

    Clearing Holds: Metro Manila/Metro Cebu/Davao/Cagayan De Oro/Zamboanga Regional Provincial

    Minimum of PHP200 check or 0.125% of amount of check, whicheveris higher plus PHP40 (postage fee)PHP1,200/check

    3 working days7 working daysSent for collection

    Note: HSBC may decline to purchase, clear, or process checks at its sole discretion. Checks may also be sent for collection. Checks sent for collection will only be credited to an account upon

    receipt of funds by HSBC from the drawee bank. The drawee bank may charge fees for collected items. These will be applied and deducted from the proceeds of checks. Please see your branch

    for details.

    USD/FCY Check Deposit and Clearing Periods USD/FCY check/drafts issued by other banks, companies or personal entities purchased for immediate credit to account (at the Banks discretion) USD/FCY check/drafts issued by HSBC bank/branches and purchased for immediate credit to account (at the Banks discretion) USD/FCY check deposit sent for collection (at the banks discretion) sent for clearing and deposited to USD account sent for clearing and deposited to PHP account

    Minimum of USD6/check 0.2% of amount of check, whichever is higher

    Minimum of USD6/check of 0.125% of amount of check, whicheveris higher

    USD17/check*USD4/check*PHP250/check* plus PHP1.50 Documentary Stamp Tax

    * Subject to usual clearing holds.

    Clearing Holds:Checks sent for clearing are reflected immediately in your account but funds will only be available and interest earned after the clearing hold period. Clearing holdperiods are as follows: in US within New York City in US Mainland Outside Mainland US Territories/Other Countries and Territories

    12 working days19 working days21 working days

    Forced Opening Charges (if unpaid for 3 months) PHP3,000

    TARIFF GUIDEFor Corporate Banking Customers

    GENERAL SERVICES

    2

  • USD Check Account Services USD check clearing for USD checks issued by you and drawn on HSBC MNL

    Stop Payment Order Cancellation of Stop Payment Order

    JPY Checks Check collection through Japanese Local Bank Check drawn on HSBC Tokyo Travelers Check

    Peso Check Account Services Stop Payment Order Cancellation of Stop Payment Order

    USD6/check cleared via local paymentUSD22/check cleared via PDDTSUSD20/checkUSD20/check

    JPY6000FreeJPY100/item (Minimum of JPY2,000)

    PHP1,000/checkPHP1,000/check

    Travelers Check (TCs) Payment of TCs to PHP account or encashment of TCs to PHP Sales of TCs

    USD1 per check, minimum of USD3 charge per transaction + DST1% commision of total amount

    Note: Free encashment for HSBC issued checks.

    PaymentsManagers Check (for accountholders only)

    ATM Withdrawals Local withdrawals via HSBC, ExpressNet/Megalink/BancNet ATMs via PLUS ATMs International Withdrawals via HSBC ATMs via PLUS ATMs

    Local Balance Inquiry via non-HSBC ATM

    Mailing of Checkbook Within Metro Manila Rest of the Philippines/International

    PHP110

    Free of chargePHP150/transaction

    PHP100/transactionPHP150/transaction

    PHP10/inquiry

    PHP50PHP500 for every 500 grams or a fraction thereof, minimum of PHP500

    Issuance of Demand Drafts By debiting a Peso account with us

    By debiting USD/FCY account Stop Payment Order for Demand Drafts purchased

    Remittances by Telegraphic Transfers +

    OutwardOutward Overseas Telegraphic Transfers Over the counter transaction By debiting same foreign currency By debiting different foreign currency By debiting PHP Hexagon/HSBCnet By debiting foreign currency By debiting PHP

    PHP800 plus Documentary Stamp Tax of PHP0.30 for every PHP200or fraction thereofUSD17USD30/draft

    USD30PHP1,375PHP1,375*

    USD12PHP600*

    + Subject to Bangko Sentral ng Pilipinas Circular 388 (Purchase of Foreign Currency)

    * Plus Documentary Stamp Tax of PHP0.30 for every PHP200 or fraction thereof

    Note: Documentary Stamp Tax is a governmet levy and may vary. Our charges for remittances do not include any charges which may be levied by banks overseas. Please ask us for details of

    charges levied by HSBCs overseas branches. We will be pleased to provide an indication.

    GENERAL SERVICES

    TARIFF GUIDEFor Corporate Banking Customers

    PAYMENT SERVICES

    3

  • Outward Local Payment Debit Peso Account Over the counter Via Internet Banking Hexagon/HSBC Net Debit Foreign Currency account Over the counter Via Internet Banking Hexagon/HSBC Net Philippine Domestic Dollar Transfer System (PDDTS) (For the same day credit to beneficiarys account) Over the counter Hexagon/HSBC Net Philippine Payments System (PPS)

    PHP180PHP170PHP150

    USD6USD5.50USD5

    USD22USD20PHP550

    Should a check be presented against one of your accounts and there are insufficient cleared funds in the account to cover it, we will attempt to contact you to ask forinstructions. The fees for this service are: Peso account Other currency accounts Returned check charges due to insufficient or uncleared funds: Peso account

    USD account A check previously stopped by accountholder Checks deposited to an HSBC account and subsequently returned by drawee bank: PHP Check USD/FCY Check Returned Checks presented for the 3rd time and returned to HSBC

    InwardNote: Our charges for remittances do not include any charges which may be levied by banks overseas. Please ask us for details of charges levied by HSBCs overseas branches. We will be

    pleased to provide you an indication.

    A. Accountholders Inward Overseas Telegraphic Transfer USD/FCY for credit to Peso account

    USD/FCY for credit to USD/FCY account Inward Local Payment Peso for credit to Peso account USD for credit to USD account USD for credit to Peso or different FCY account Via PDDTS for credit to account Via RTGS for credit to account B. Non-Accountholders Overseas Inward Remittance for further credit to other banks via: Local Payment in Pesos Note: Documentary Stamp Tax of PHP0.30 for every PHP200 or fraction thereof is charged if original currency received by HSBC is FCY.

    Local Payment is US Dollars FCY Demand Draft PDDTS/GSRT/Outward Overseas Telegraphic Transfer Overseas Inward remittance for collection over the counter (not credited to an HSBC account) In USD/FCY In PHP

    Documentary Stamp Tax of PHP0.30 for every PHP200 or fraction thereofplus PHP480USD10 or its FCY equivalent

    PHP100USD3PHP100USD5PHP200

    PHP700

    USD20USD50 or FCY equivalentUSD30

    USD70PHP3,850 plus Documntary Stamp Tax of PHP0.30 for every PHP200 ora fraction thereof

    Returned Check Charges

    PHP1,200/checkEquivalent of PHP1,200

    PHP2,000/check plus PHP200 for every PHP40,000of the amount of checkUSD25/checkPHP2,000/check

    PHP120/checkUSD20/FCY equivalent per checkPHP1,000 check or a charge equal to the amount of check multipliedby the Interbank call loan rate for the day, whichever is higher

    Service Fee for Check Errors

    Should a check be presented against one of your accounts and there are errors on the check

    PHP1,200/check (or foreign currency equivalent)

    PAYMENT SERVICES

    TARIFF GUIDEFor Corporate Banking Customers

    4

  • To Set-up/Amend/Suppress Standing Instruction Peso account USD/FCY account

    To execute each Standing Instruction automatically PHP/USD/FCY accounts

    To execute each Standing Instruction and Special Instruction manually(Domestic Transaction only) Peso account USD/FCY account Set-up Utility Payment Via Internet BankingNote: Automatic loan repayments are free of charge.

    PHP100/instructionUSD3/instruction

    No separate charge; Charges as applicable for respective services

    PHP250/execution plus applicable chargesUSD5/execution plus applicable chargesFree of charge

    Annual FeeLate Payment FeeCard Replacement Fee*Transaction Retrieval FeeFinance Charge* No fee for replacement of defective card.

    PHP2,400 for primary cardholderPHP500 or 7.5% of minimum due, whichever is higherPHP400PHP150/transactionAs advised in your statement

    Replacement of lost/stolen ATM Card(No charge to replace defective card)

    Checkbooks Peso Temporary (20 leaves) Peso Regular (100 leaves) USD Regular (100 leaves)

    Request for Bank Certification Certification of balance Certification of inward remittance Other certifications Audit confirmation fee

    Statements Statement reprint Within 12 months Beyond 12 months To Request Hold/Collect statements

    Check/Voucher Retrieval

    Text/Relay MessageHSBC worldwide accountholders

    PHP310/card

    PHP250/bookletPHP350/bookletUSD25/booklet

    PHP300/certificationPHP300/inward remittancePHP300/certificationPHP300/certification

    PHP100/monthly statementPHP150/monthly statementPHP100/month

    PHP100/check/voucher if within one year. Beyond one year, PHP150per check/voucher

    USD15

    Communications Courier charge for documents sent to other HSBC offices and abroad* Minimum of P500 or rate charged by courier company depending on

    country of destination plus PHP100 handling fee* Availment of this service is subject to the Banks discretion.

    HSBCnet Electronic Banking Monthly Fee Security Device

    PHP5,000PHP500 per device for 1 user

    TARIFF GUIDEFor Corporate Banking Customers

    CORPORATE GOLD VISA CREDIT CARD

    SUNDRY SERVICES

    STANDING INSTRUCTION/SPECIAL INSTRUCTION SERVICES

    5

  • 1/8 of 1% per month, minimum of 2 months; minimum of PHP2,500PHP1,000PHP0.30 for every PHP200PHP1.50PHP150 or actual lawyers charge110% Marginal Deposit in currency of LC or 120% Marginal Deposit in PHP

    PHP500 per application

    1/8 of 1% per month, minimum of PHP2,500 (based on the increase inamount and remaining term of LC)PHP1,000PHP0.30 for every PHP200PHP600

    1/4 of 1% per month, minimum of PHP2,500PHP2,500 or USD60PHP1,000 or USD30 (if beneficiary is outside the Philippines)110% Marginal Deposit in currency of LC or 120% Marginal Deposit in PHPPHP600 or USD251/4 of 1% per month, minimum of PHP2,500 or USD60

    PHP1,0001/8 of 1% per month, minimum of PHP2,5001/4 of 1% per month, minimum of PHP2,500PHP0.30 for every PHP2001/4% of bill amount, minimum USD30, max USD150

    PHP300 per transactionPHP2,000 per transaction

    1/8 of 1% minimum of PHP2,500PHP1,000PHP0.30 for every PHP200PHP100 per monthUSD250Handling Commission and Commitment Fee for Usance LC Bill appliesUSD30PHP1,0001/4% of bill amount, minimum USD30, max USD150

    1/8 of 1% per month, minimum of 2 months; minimum of PHP2,500PHP1.50

    IMPORTS

    Letter of Credit (LC) Opening Commission Cable Fee Documentary Stamp Tax (DST)

    DST for Domestic DCs Legal Service Fee (for Import Entry Declaration) Cash-secured LC

    Import Entry and Internal Revenue Declaration Application Processing Fee

    LC Amendment Commission

    Cable Fee Documentary Stamp Tax (DST) LC Cancellation

    Standby LC Opening Commission (Opening) Processing Fee Cable Fee Cash-secured LC Cancellation/Amendment Fee Amendment Commission

    LC Bills Handling Commission on Sight LC Handling Commission on Usance Bills Commitment Fee (Usance LC Bills only) DST Commission in Lieu of Exchange (CILE) - as applicable

    Common Charges Bank Certification Special Handling / Accommodation Fee

    Non-LC Bills (DA/OA/DP/Direct Remittance) Commission Cable Fee DST (except when self-fund...

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