The handling fee for a single cross-border remittance is as low as RMB 150! HSBC Huirong launches a cross-border telegraphic transfer promotion

The handling fee for a single cross-border remittance is as low as RMB 150! HSBC Huirong launches a cross-border telegraphic transfer promotion


Event duration


July 1, 2021 - December 31, 2021 (Customers can choose to join this promotion on the first day of a specified month during the promotion period and enjoy the preferential rate for the next 6 months.)


Target Customers


Customers who have opened HSBC Net and whose deposit balances have reached or exceeded RMB 200,000 or equivalent foreign currency during the promotion period and who have frequent payment and collection needs. The deposit balance under this activity refers to the balance of all accounts held by domestic companies in our bank or the balance of accounts held by domestic companies associated with overseas companies in our bank.


Activity content


Customers can choose one of the two preferential rates, A and B:


Preferential Rate A


Please note

1. Overseas companies can participate in this activity together with other domestic companies associated with them, and choose to enjoy the relevant preferential rate A or preferential rate B. Such domestic companies must be domestic companies added by the overseas company under its HSBCnet account, or domestic companies that have the same associated persons (including individuals and enterprises) as the overseas company in its account information with our bank.

2. The deposit balance under this activity refers to the balance of all accounts held by domestic companies in our bank or the balance of accounts held by domestic companies associated with overseas companies in our bank.


Preferential Rate B


Customers only need to pay a one-time handling fee of CNY9,000 or equivalent foreign currency. Customers and their affiliated domestic companies (only applicable to overseas companies) can enjoy a maximum of 9,000 cross-border wire transfer outward/inward transactions within the agreed 6-month preferential period, without having to pay the remitting bank (wire transfer outward transaction)/receiving bank (wire transfer inward transaction) handling fees for each transaction. However, other business fees remain unchanged, including but not limited to remittance clearing fees that may be charged by overseas correspondent banks and full payment services.



Activity Rules

  1. The client who intends to participate in the activity and its affiliated domestic companies (if any) designated under this confirmation (hereinafter collectively referred to as "the client") shall apply to our bank and sign a written confirmation of preferential rates to enjoy the fee discount under this activity. Clients who successfully apply for the HSBC Small Business Telegraphic Transfer Fee Discount Activity will not be able to participate in other price discount activities related to cross-border inward/outward telegraphic transfers launched by HSBC Small Business during the preferential period of this activity.

  2. The deposit balance under this activity refers to the balance of all accounts held by domestic companies in our bank or the balance of accounts held by other domestic companies associated with overseas companies in our bank.

  3. Customers who have opened HSBCnet and whose deposit balances have reached or exceeded RMB 200,000 or equivalent in foreign currency during the promotional period can apply for the preferential rate of RMB 220 or equivalent in foreign currency (including telegraphic charges) per transaction for “5.1.1 Overseas Outward Remittances - Telegraphic Transfers - Remittances to Receiving Banks Other Than HSBC Hong Kong and 5.4.1 Foreign Currency Domestic Payments - Telegraphic Transfers”. Customers who have opened HSBCnet and whose deposit balances have reached or exceeded RMB 500,000 or equivalent in foreign currency during the promotional period can apply for the preferential rate of RMB 150 or equivalent in foreign currency (including telegraphic charges) per transaction for “5.1.1 Overseas Outward Remittances - Telegraphic Transfers - Remittances to Receiving Banks Other Than HSBC Hong Kong and 5.4.1 Foreign Currency Domestic Payments - Telegraphic Transfers”. If the customer fails to meet the deposit balance requirements during the promotional period, the Bank has the right to adjust the above rates to standard pricing at any time and notify the customer in writing. For customers who apply for the preferential rate of RMB 220 or equivalent in foreign currency per remittance, if they meet the deposit balance requirement during the promotion period and need to apply for further preferential rates, they will need to submit the "Preferential Rate Confirmation" to reselect the preferential type and preferential period start date. Each customer can only apply for a change in preferential rates once during the promotion period according to the above terms, and applications beyond the promotion period will not be accepted.

  4. During the promotion period, customers can choose the first day of the designated month as the starting date of the preferential period and enjoy the preferential rate within 6 months from the starting date. If customers choose the first day of the next month or the next designated month as the starting date of the preferential period, customers can enjoy the full 6-month preferential period; if customers choose the first day of the current month as the starting date of the preferential period, customers can enjoy the preferential rate in the current month after the bank receives this confirmation and completes the system settings, but the preferential period will be less than 6 months and the handling fee previously charged by the bank at the standard rate in the current month will not be recalculated at the preferential rate and the difference will not be refunded.

  5. If the customer closes the account during the promotion period, the promotion will be terminated immediately.

  6. If the Company closes the account during the promotional period, the promotion will be terminated immediately or the Company will withdraw from the promotional activity. The Bank will calculate the actual handling fees incurred under the above business during the promotional period according to the standard rate. If the actual handling fee amount is lower than the one-time preferential fee charged by our bank, our bank will refund the difference between it and the one-time preferential fee (if any). Applicable to preferential rate B)

  7. The Bank reserves the right to change the content of this activity from time to time (including but not limited to the activity period, applicable objects and/or preferential content). The preferential rates that customers can enjoy shall be subject to the content of the preferential rate confirmation signed at that time. Customers' participation in this preferential activity does not limit the rights of the Bank under any other relevant account terms and/or service terms.

  8. If customers have any suggestions or complaints about our services/products, please call 800-820-1177 or 400-820-1177 in mainland China, and +86-21-3888 6432 overseas.

  9. These activity rules shall be governed by and interpreted in accordance with the laws of the People's Republic of China. If any dispute arises regarding these activity rules, our bank reserves the right of final interpretation within the scope permitted by laws and regulations.


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