24/7 currency exchange & International transfer

24/7 Foreign currency conversion
Global Money Transfers (Global payments via the HSBC Mobile Banking App)
Outward Telegraphic transfers
Inward Telegraphic transfers
HSBC SWIFT Code
International Bank Account Number (IBAN)
Global View and Global Transfer
Global Transfers for family and friends (to third party HSBC accounts)
FX Rate Alerts
Bank Negara Malaysia Foreign Exchange Policy

24/7 Foreign currency conversion

When will the funds be available in the crediting account?

Fund transfers are executed real-time, so the funds will be credited immediately.

If I am transferring funds to a foreign currency account, where can I check the exchange rate?

For 'Pay and transfer' transactions:

Under the 'Pay and transfer' page, the exchange rate will be shown in the 'Rate' field after you've finished filling in the 'From' and/or 'To' foreign currency account details.

Note: The exchange rate shown is applicable for a limited time only. You have to refresh the page for a new rate once the quoted exchange rate expires.

For recurring or future dated transactions:

For recurring or future dated transactions: You can check the exchange rate from your debit account transaction history after the transaction has been executed.

Can I transfer foreign currencies at any time of the day?

Yes, you can transfer foreign currencies at any time.

However, any future dated/recurring transfers scheduled on a non-working day will be executed on the next working day, using the exchange rate prevalent on that working day.

Why are some of my accounts not available in the 'From' and 'To' list when I'm making a transfer?

When making a transfer, you'll only be able to select active accounts. If a particular account is not available, the account is likely to be dormant, so please call our Contact Centre or visit your nearest branch to reactivate the account.

Do I require a security code (6-digit code generated from my Mobile Security Key) to transfer funds to my beneficiaries saved previously?

No, you don't need a security code to transfer funds to your saved beneficiaries.

What is my maximum transfer limit per day for 24/7 Foreign currency conversion?

There are no maximum limits to fund transfers of the same currency.

For cross-currency fund transfers, the following limits apply:

Fund transfers between my own accounts:

Each respective transfer you make between your own accounts is limited to RM3 million. If you'd like to transfer more than RM3 million, you can split it into multiple transfers.

Fund transfers to other HSBC/HSBC Amanah account:

The limit is RM100,000 per day.

How do I change the transfer limit?

To change the ‘Own account’ transfer limit, go to:

'Services' -> 'Tools & Services' -> 'Change your online banking limits' → 'Own account transfers'.

To change the ‘Telegraphic’ transfer limit, go to:

'Services' -> 'Tools & Services' → 'Change your online banking limits' -> 'Telegraphic transfer'.

Global Money Transfers

What is 'Global Money Transfers (GMT)'?

With HSBC Global Money Transfers, you can transfer money worldwide faster and zero-fee¹, in just a few taps on the HSBC Malaysia Mobile Banking app (HSBC Malaysia app).

Global Money Transfers is only available on the HSBC Malaysia app. It offers a fast and cost-effective solution compared to traditional international transfer methods such as SWIFT. Unlike SWIFT, Global Money Transfers uses an internal messaging system which reduces transfer costs and time, making it more efficient to send money internationally.

Important note: To avoid payment rejection, please check with the beneficiary bank if a clearing agent is required. If it is, please visit an HSBC branch to make the transaction, instead of using Global Money Transfers.

How do I confirm my exchange rate for Global Money Transfers?

Foreign exchange rates are updated every 60 seconds during market hours. You can check the new rate and select 'Confirm' to proceed if you're happy with the rate. The final rate will be set when you confirm the transfer. Please note that all conversions and foreign exchange rates used or provided are indicative only and subject to change by the bank at any time (including intra-day changes) without notice.

When are real time exchange rates available for Global Money Transfers?

Real time exchange rates are available 24/7. All conversions and foreign exchange rates used or provided are indicative only and subject to change by the bank at any time, including intra-day changes, without notice. The final rate will be set when you confirm your transfer.

I sent a payment via HSBC Global Money Transfers. Why did my payee get charged for it?

Most Global Money Transfers are zero-fee¹ during the campaign period for both the sender and the payee.

However, some banks may charge a fee for incoming international transfers. Payees will need to check with their banks what these charges are. The charges will be debited from the payee's account.

What are the fees for GMT?

HSBC Malaysia Global Money Transfers are zero-fee[@premier-welcome-3] until 31 December 2025.

How do I send money with Global Money Transfers?

On your HSBC Malaysia app, go to 'Move Money' and select 'Send Money Internationally'. Search for a country/territory and select the payee you want to transfer to or add a new payee. Enter the amount you want to send. You'll also have to enter your payee's account details such as their name, bank code, account number and address (which is optional in some cases).

What information do I need to send money?

You will need the payee's bank account details, payee's full name and payee's address (optional in some cases) to send money.

Depending on the country/territory you are sending to, you may also need the following details:

Bank code/sort code
SWIFT BIC (Bank Identifier Code)
IBAN (International Bank Account Number)
Purpose of payment

How do I add international payees on the HSBC Malaysia app?

To add a new payee for Global Money Transfers, select 'Add a new payee' and enter your payee’s details (account type, full name, address, etc). You can enter a "Nickname" if you would like to save the payee as a favourite payee. Then, select 'Continue'.

Why do I need to add a purpose of payment?

For some countries or territories, it's a regulatory requirement to include information such as the reason for the transfer. Please select the most relevant option from the dropdown menu presented in the app.

How much money can I send each day via HSBC Global Money Transfers?

You can send up to RM200,000 or its equivalent in foreign currency each day. This limit is shared with online telegraphic transfers, and you can adjust it via online banking.

Can I set up future-dated or recurring Global Money Transfers?

No, we don’t support future-dated or recurring Global Money Transfers at this time.

Can I cancel a GMT once I've placed it?

You can't cancel or amend a GMT payment that has already been placed.

How do I identify a GMT payment on my statement?

Global Money Transfers will show a 16-character transaction reference number starting with ‘GXZ’.

What is the maximum number of characters allowed in the beneficiary's name field?

A maximum of 70 characters is allowed in the beneficiary’s name field.

What details can I see on the Transaction History page?

You will be able to see the transaction confirmation number and the transaction amount on the Transaction History page.

Local clearing codes reference guide

Refer to the table below to find the local clearing codes and corresponding account number formats for your transfers.

Local clearing codes and what they mean
Local clearing code	Description	Code format	Example
Australian Bank State Branch (BSB) Code (Australia)	A code to identify Australian banks and branches.	6 digits: XXYZZZ (XX = Bank ID, Y = Branch ID, ZZZ = Branch Address)	012345
Canadian Transit & Institution Number (Canada)	Identifies Canadian banks and branches. Transit Number identifies the branch and Institution Number identifies the bank.	5 digits (Transit. No) + 3 digits (Institution No.)	Transit: 12345, Institution: 001
ABA Routing Number (United States)	A code to identify banks in the United States for domestic and international payments.	9 digits: XXYYZZZZC (XX = Bank/Financial institution Type, YY = District where branch is located, ZZZZ = Bank ID, C = Check digit)	123456789
Sort Code (Isle of Man/Jersey/United Kingdom)	A code to identify banks in the United Kingdom and Ireland.	6 digits: XXYYYY (XX = Bank ID, YYYY = Branch ID)	12-34-56
Bank Code (Hong Kong/Philippines)	A code to identify banks in certain countries.	3 digits (Hong Kong): XXX 9 digits (Philippines): XXXXXXXXX	001 (Hong Kong) 012345678 (Philippines)
IFSC Code (India)	A 11 alphanumeric code to identify banks and branches for electronic funds in India.	11 characters: XXXX0YYYYYY (XXXX = Bank Code, 0 = 5th character always 0, YYYYYY = Branch Code)	SBIN0001234
National Clearing Code (New Zealand/South Africa)	A code to identify banks or financial institution for payments.	6 digits: XXYYYY (XX = Branch code, YYYY = Branch location)	010203 (New Zealand)

Local clearing codes and what they mean
Local clearing code	Australian Bank State Branch (BSB) Code (Australia)
Description	A code to identify Australian banks and branches.
Code format	6 digits: XXYZZZ (XX = Bank ID, Y = Branch ID, ZZZ = Branch Address)
Example	012345

Local clearing code	Canadian Transit & Institution Number (Canada)
Description	Identifies Canadian banks and branches. Transit Number identifies the branch and Institution Number identifies the bank.
Code format	5 digits (Transit. No) + 3 digits (Institution No.)
Example	Transit: 12345, Institution: 001

Local clearing code	ABA Routing Number (United States)
Description	A code to identify banks in the United States for domestic and international payments.
Code format	9 digits: XXYYZZZZC (XX = Bank/Financial institution Type, YY = District where branch is located, ZZZZ = Bank ID, C = Check digit)
Example	123456789

Local clearing code	Sort Code (Isle of Man/Jersey/United Kingdom)
Description	A code to identify banks in the United Kingdom and Ireland.
Code format	6 digits: XXYYYY (XX = Bank ID, YYYY = Branch ID)
Example	12-34-56

Local clearing code	Bank Code (Hong Kong/Philippines)
Description	A code to identify banks in certain countries.
Code format	3 digits (Hong Kong): XXX 9 digits (Philippines): XXXXXXXXX
Example	001 (Hong Kong) 012345678 (Philippines)

Local clearing code	IFSC Code (India)
Description	A 11 alphanumeric code to identify banks and branches for electronic funds in India.
Code format	11 characters: XXXX0YYYYYY (XXXX = Bank Code, 0 = 5th character always 0, YYYYYY = Branch Code)
Example	SBIN0001234

Local clearing code	National Clearing Code (New Zealand/South Africa)
Description	A code to identify banks or financial institution for payments.
Code format	6 digits: XXYYYY (XX = Branch code, YYYY = Branch location)
Example	010203 (New Zealand)

Who can use GMT?

GMT is available to users with a HSBC savings or current account and access to the HSBC Malaysia app. Download the app now if you don't have the HSBC Malaysia app:

For your security, please ensure you always install the latest version of the app from the App Store or Google Play. The app supports the following devices and operating systems:

iPhones with iOS 14 or above
Androids with Android 8 or above

How is GMT different from traditional offline and online banking remittances?

GMT is only available on the HSBC Malaysia app. GMT transactions are faster and relatively cheaper compared to the traditional ways of sending money. When you send money through our HSBC Online Banking, it uses traditional SWIFT messaging. However, when you use GMT on the HSBC Malaysia app, it uses an internal messaging system, which costs less. While international money transfers are still available using HSBC Online Banking, transfers via GMT on the HSBC Malaysia app provides a more affordable option.

Speed and costs of different transaction types, including GMT
	Send like a local	Send money overseas through SWIFT
Destination (# of countries/territories)	50+	200+
Supported currencies	22 currencies	57 currencies
Fees and charges¹	Zero fee (until 31 December 2025)	Zero fee (until 31 December 2025)
Transfer speed	Same day or the next business day. You can see the estimated arrival when you review your transfer.	Up to 4 business days. You can see the estimated arrival when you review your transfer.
Real-time competitive rates	24/7	24/7

Speed and costs of different transaction types, including GMT
	Destination (# of countries/territories)
Send like a local	50+
Send money overseas through SWIFT	200+

	Supported currencies
Send like a local	22 currencies
Send money overseas through SWIFT	57 currencies

	Fees and charges¹
Send like a local	Zero fee (until 31 December 2025)
Send money overseas through SWIFT	Zero fee (until 31 December 2025)

	Transfer speed
Send like a local	Same day or the next business day. You can see the estimated arrival when you review your transfer.
Send money overseas through SWIFT	Up to 4 business days. You can see the estimated arrival when you review your transfer.

	Real-time competitive rates
Send like a local	24/7
Send money overseas through SWIFT	24/7

Outward Telegraphic Transfers

What information is required to transfer funds to an overseas beneficiary?

You'll need the following information:

a) Recipient's account number/IBAN details

b) Recipient's name

c) SWIFT/BIC code

STEP 1: Login to HSBC Online Banking through web browser. Select "Pay and transfer"

Account Selection

STEP 2: Select account to transfer "From". Click "New payment to a person" for new payee. For existing payee, select "Your accounts or someone you’ve paid before"

STEP 3: For Payee type, select "Telegraphic Transfer"

STEP 4: Fill in all the required payee information.

"If the payee’s name exceeds 35 characters, please continue in the “Address line 1” field, followed by the address.

Fill in details

STEP 5: Fill in all the required payee bank’s information. Use Bank search function, key in the bank of the payee and country. (Preferably to input SWIFT/ BIC Code)

Note: Selecting the country/ territory will select the country's currency by default. Please select the correct currency you wish to convert.

Save the payee for future transfer by ticking the box.

STEP 6: Choose the transfer currency.

Transfer currency would be defaulted based on payee’s country. The currency can be changed from the drop down.

Currency Selection

STEP 7: Select who pays the fees and select the purpose of transfer.

Fees will be shared (Preferred): You will pay our fees, and these will be deducted from your account. Your payee will pay the fees applied by their bank and any other banks used to send the payment. These fees will be deducted from the payment.

You will pay all fees: You will pay all fees, including any applied by the payee's bank and any other banks used to send the payment.

Payee will pay all fees: Your payee will pay all fees, including ours, any applied by the payee's bank and any other banks used to send the payment. These fees will be deducted from the payment.

Note: We're unable to advise you of any fees applied by any other bank as these are not in our control.

FEP Declaration

STEP 8: Select FEP Declaration and Generate the security code by following the instructions.

Review and Confirm

Review the transaction details, including the HSBC exchange rate (if applicable), then select 'Confirm'. Once you have confirmed, you won't be able to cancel the transaction. Please wait for the amount to be deducted from your account to avoid duplicate transaction. Select Print to save a copy of your receipt.

What is an Outward Telegraphic Transfer (OTT) via Online Banking?

It is a cross-border payment in foreign currency where individuals can transfer the funds to accounts locally or overseas.

Can I transfer an amount that includes a decimal point?

The amount transferred can include a decimal point (example: USD50.10, Baht675.50) except for transfers in Indonesian Rupiah and Japanese Yen. These must be in whole figures without a decimal point. For example: JPY501 NOT JPY500.60.

What is the minimum transaction amount required to make an Outward Telegraphic Transfer?

The minimum amount must be more than the cable charges.
Channel	Cable Charges	Additional Charges (Transaction made with fee option “OUR”)
Branch	RM45 or its equivalent	RM6 or its equivalent
Online Banking	RM25 or its equivalent	RM6 or its equivalent

The minimum amount must be more than the cable charges.
Channel	Branch
Cable Charges	RM45 or its equivalent
Additional Charges (Transaction made with fee option “OUR”)	RM6 or its equivalent

Channel	Online Banking
Cable Charges	RM25 or its equivalent
Additional Charges (Transaction made with fee option “OUR”)	RM6 or its equivalent

Foreign Currency Account (“FCA”) transaction charges will also be applied if transaction made involving the same foreign currency denomination.
Currency	Charges per Transaction
AUD	AUD6
BND	BND6
CHF	CHF6
CNY	CNY30
EUR	EUR4
GBP	GBP3
HKD	HKD30
JPY	JPY400
NZD	NZD6
SGD	SGD6
USD	USD4

Foreign Currency Account (“FCA”) transaction charges will also be applied if transaction made involving the same foreign currency denomination.
Currency	AUD
Charges per Transaction	AUD6

Currency	BND
Charges per Transaction	BND6

Currency	CHF
Charges per Transaction	CHF6

Currency	CNY
Charges per Transaction	CNY30

Currency	EUR
Charges per Transaction	EUR4

Currency	GBP
Charges per Transaction	GBP3

Currency	HKD
Charges per Transaction	HKD30

Currency	JPY
Charges per Transaction	JPY400

Currency	NZD
Charges per Transaction	NZD6

Currency	SGD
Charges per Transaction	SGD6

Currency	USD
Charges per Transaction	USD4

Find out more about tariffs and charges (PDF).

What is the daily transaction limit for telegraphic transfers made over the counter at HSBC branches?

There is no daily limit for telegraphic transfers made over the counter at HSBC branches. However, the transaction must comply with BNM’s Foreign Exchange Rules. For more information, please visit https://www.bnm.gov.my/.

What is the daily transaction limit for telegraphic transfers via Online Banking?

For overseas telegraphic transfers, the maximum daily limit is RM200,000 (shared limit with GMT). The default limit for new-to-bank customers is RM5,000. Find out more about online banking limits.

How much is the Beneficiary Bank Fee for telegraphic transfers?

The amount varies from country to country and depends on the beneficiary bank.

What is an intermediary bank and how it can affect my telegraphic transfer?

An intermediary bank is a middleman between the payer bank and the beneficiary bank. An intermediary bank is often needed when international wire transfers occur between two banks, often in different countries that don't have an established financial relationship.

In the event where the transaction is suspected to be suspicious, the intermediary bank reserves the rights to reject the transaction. The intermediary bank also reserves the rights to charge fees (if any) during the transaction.

Will the beneficiary be charged with any fees for overseas fund transfer via telegraphic transfer?

The remitting bank, agent bank and/or beneficiary bank may charge a fee to beneficiary depending on the fees option you’ve selected during the payment submission.

If sender selects “You’ll pay all fees”(OUR) under field “Fees” in the “Details” section when choosing the currency and stating the purpose of transfer, the sender will be charged including our charges and the charges by the intermediary bank and/or payee bank. We’re unable to advise you of the payee bank’s charges as they’re not within our control. These charges may be deducted from your account after the payment date.
If sender selects “Payee will pay all fees”(BEN) under field “Fees” in the “Details” section when choosing the currency and stating the purpose of transfer, the receiver of the transfer will be charged including our charges and the charges by the intermediary bank and/or payee bank. We’re unable to advise you of the intermediary/payee bank’s charges as they’re not within our control.
If sender selects “Fees will be shared”(SHA) under field “Fees” in the “Details” section when choosing the currency and stating the purpose of transfer, our charges for this payment will be deducted from your account. Your payee, the receiver of the transfer will be charged including our charges and the charges by the intermediary bank and/or payee bank. We’re unable to advise you of the intermediary/payee bank’s charges as they’re not within our control.

How much are the fees and charges for telegraphic transfers?

The cable charges for a telegraphic transfer (TT) via Online Banking and branch are RM25 and RM45 respectively.

All telegraphic transfer transactions may still be subjected to other relevant charges, including but not limited to, the beneficiary bank’s/agent’s charges. The bank will not be liable for other relevant charges which may be incurred during the transaction. For more information about our bank charges, please refer to our tariffs and charges (PDF).

What is the cut-off time?

After the following cut-off times for the respective currency, the process will be done on the next day. (T+1)
Cut-off Times	Currency
10.00am	AUD, JPY, NZD
10.30am	THB
10.35am	IDR
12.30pm	BND
2.00pm	AED, CAD, CHF, DKK, EUR, GBP, HKD, INR, NOK, SAR, SEK, ZAR
2.30pm	SGD
3.00pm	LKR
3.15pm	CNH, USD
3.45pm	PHP

After the following cut-off times for the respective currency, the process will be done on the next day. (T+1)
Cut-off Times	10.00am
Currency	AUD, JPY, NZD

Cut-off Times	10.30am
Currency	THB

Cut-off Times	10.35am
Currency	IDR

Cut-off Times	12.30pm
Currency	BND

Cut-off Times	2.00pm
Currency	AED, CAD, CHF, DKK, EUR, GBP, HKD, INR, NOK, SAR, SEK, ZAR

Cut-off Times	2.30pm
Currency	SGD

Cut-off Times	3.00pm
Currency	LKR

Cut-off Times	3.15pm
Currency	CNH, USD

Cut-off Times	3.45pm
Currency	PHP

Can I transfer foreign currencies at any time of the day?

Yes, you can transfer foreign currencies at any time. However, do note that the actual exchange rate will only be available at the following hours:

Foreign currency conversion involving Malaysian Ringgit: 9:00am to 12:00am on business days
Foreign currency conversion not involving Malaysian Ringgit: any time, any day

Foreign currency conversion rates quoted outside the above hours will be an indicative rate only. The actual exchange rate on the next business day will be applied accordingly.

Do I get a preferential rate for using over-the-counter or Online Banking services?

The fees and charges for a customer's use of any services will be agreed in the customer's pricing package (standard/preferential).

When will my beneficiary receive the funds?

Below is the indicative timeframe for funds to reach your beneficiary:

If the transfer is being made to a beneficiary bank that is part of the HSBC Group: 2 banking days (transaction date + 1 banking day) from the date of instruction
If the transfer is being made to a beneficiary bank that is not part of the HSBC Group: 3 to 6 banking days from the date of instruction, depending on the following:

a. Location of the beneficiary bank (i.e. whether the beneficiary bank is located at remote areas) and

b. whether it may involve multiple correspondent banks. The actual time taken for a beneficiary to receive the money will depend on, among other factors, the respective correspondence bank or beneficiary bank and the daily cut-off times as established by HSBC Bank Malaysia Berhad (the Bank) from time to time.

If I'm transferring funds to a foreign currency account, where can I check the exchange rate?

For 'Send now' transactions: Under the 'Pay and transfer' page, the exchange rate will be shown in the 'Rate' field after you've finished filling in the 'From' and/or 'To' foreign currency account details. Do note that the exchange rate shown is applicable for a limited time only; you have to refresh the page for a new rate once the quoted exchange rate expires.
For recurring or future dated transactions: You can check the exchange rate from your debit account transaction history after the transaction has been executed.

Does the payee’s residency affect the transaction?

The payee’s residency status and purpose of transfer are subjected to BNM’s Foreign Exchange Notices. Find out more at https://www.bnm.gov.my/fep.

What should I do if the fields are too small to enter the full name or address of my payee?

If the payee’s name exceeds 35 characters, please continue typing in the “Address line 1” field below. An Outward Telegraphic Transfer (OTT) sent via SWIFT has a limitation on the number of characters that can be sent. Please input as much of the name or address as possible.

I have keyed in details incorrectly such as the account number, payee’s name and bank. How should I amend the details or cancel the transaction? Will there be any charges imposed for this?

Once the transaction has been submitted, you will not be able to cancel the transaction from your end. Please visit your nearest HSBC branch and request a cancellation or amendment. Cancellation or amendment fees may be imposed. Please refer to our tariff and charges (PDF) for more information.

Will my OTT be rejected after the transaction is completed? Will the payee be charged with any fees?

Your OTT may be rejected by the parties involved in remitting the funds if the beneficiary details are incorrect or payment details are incomplete.

The Cable Fee and Agent Bank Fee and/or Beneficiary Bank Fee charged (if any) are not refundable if your OTT is rejected.

If the transaction is not deducted from my account, what should I do?

The deduction will not be instant as the transaction will take at least 1-3 working days from the submission date to be reflected in your account. If the receiver has not received the transaction within 3 working days, please contact or visit your home branch for assistance.

What is a SWIFT/BIC/BSB/IBAN Code?

SWIFT/BIC/BSB/IBAN Code is a unique identification code of a particular bank or bank branch.

What is ISO 20022?

ISO 20022 is a regulatory standard that supports the inclusion of richer and structured transaction data in payments messages. It enables easy exchange of data between financial institutions, market infrastructures like SWIFT and the front-end channels used by customers.

What are the benefits of ISO 20022?

Adopting ISO 20022 will provide benefits to the entire payments ecosystem, which also include the Bank's customers. These benefits include:

Clearer information: more transparency and efficiency through richer, structured party data - for example, you will be able to save your beneficiary name in up to 140 characters instead of the current 35 characters
Better reconciliation: ISO 20022 maintains dedicated data without alteration in payment journey, providing easier reconciliation of data for seamless and accurate statements and reports
Easier international payments: If you need to send money abroad, ISO 20022 makes the process smoother and reduces delays, so your money gets where it needs to go without unnecessary complications
Better security: the new system helps banks detect fraud more effectively, making your transactions safer and giving you peace of mind

What is HSBC’s plan to adopt ISO 20022?

As we are involved with SWIFT and various market infrastructures that are migrating towards ISO 20022, we will be aligning with the market requirements and delivery timelines set. HSBC Malaysia will align with SWIFT’s adoption of the ISO 20022 standard for cross-border payments.

What are the timelines for migrating to ISO 20022 standards in HSBC Malaysia?

HSBC Malaysia migration is starting from October 2024. Customers will be moved to the new platform in batches, with the first batch starting in October 24 and the last batch being migrated any time before November 2025.

What should customers be preparing for?

We are eager to work with our customers to help with their migration to ISO 20022. For example, we will help you to capture the addresses of your existing and new payees and beneficiaries for immediate, future and recurring payments in a structured format.

Inward Telegraphic Transfers

What information should I provide to my remittance counterpart?

You should provide:

Beneficiary bank Name
- Beneficiary account number
  - SWIFT code
    - Purpose of payment

Note: Inward TT without purpose of payment will be rejected or if the purpose of payment is unclear, there might be delay in your inward TT. The fees of rejected inward TT is not refundable.

Transaction charges

**How much is the inward TT service fee charged by HSBC Malaysia?**

Crediting into account with FX conversion:

RM5 for crediting into Ringgit account or its equivalent in FCY for crediting into foreign currency account per transaction will be applied.

Crediting into account in the same foreign currency denomination:

Foreign Currency Account/-i (FCA)/Everyday Global Account/-i (EGA) transaction charges will be applied. Please refer to table below for the FCA/EGA transaction charges of respective currency.

**Note:** RM5 fee will be waived when FCA/EGA transaction charges are applied.
Currency	Charges per Transaction
AUD	AUD6
BND	BND6
CAD	CAD6
CHF	CHF6
CNY	CNY30
EUR	EUR4
GBP	GBP3
HKD	HKD30
JPY	JPY400
NZD	NZD6
SGD	SGD6
USD	USD4

Transaction charges

**How much is the inward TT service fee charged by HSBC Malaysia?**

Crediting into account with FX conversion:

RM5 for crediting into Ringgit account or its equivalent in FCY for crediting into foreign currency account per transaction will be applied.

Crediting into account in the same foreign currency denomination:

Foreign Currency Account/-i (FCA)/Everyday Global Account/-i (EGA) transaction charges will be applied. Please refer to table below for the FCA/EGA transaction charges of respective currency.

**Note:** RM5 fee will be waived when FCA/EGA transaction charges are applied.
Currency	AUD
Charges per Transaction	AUD6

Currency	BND
Charges per Transaction	BND6

Currency	CAD
Charges per Transaction	CAD6

Currency	CHF
Charges per Transaction	CHF6

Currency	CNY
Charges per Transaction	CNY30

Currency	EUR
Charges per Transaction	EUR4

Currency	GBP
Charges per Transaction	GBP3

Currency	HKD
Charges per Transaction	HKD30

Currency	JPY
Charges per Transaction	JPY400

Currency	NZD
Charges per Transaction	NZD6

Currency	SGD
Charges per Transaction	SGD6

Currency	USD
Charges per Transaction	USD4

Will the Bank contact you?

HSBC branch personnel may contact you (beneficiary) to obtain supporting document, seek clarification on the inward TT transaction, or verify the purpose of payment and the relationship between you (beneficiary) and the remitter.

What should I do if I want to enquire my Inward TT status and what should I provide to the Bank?

You may find the Bank’s contact details here.

Be ready with the Unique End-to-end Transaction Reference (UETR) – a string of 36 unique characters, which can be obtained from the remitter.

**Which countries are HSBC Clearing Agents located and what is their respective SWIFT/BIC Code to perform fund transfers via telegraphic transfer?**
Currency	Banks	SWIFT/BIC
AED	HSBC Bank Middle East, Dubai, United Arab Emirates	BBMEAEAD
AUD	HSBC Bank Australia Limited, Sydney	HKBAAU2SSYD
BND	Malayan Banking Berhad	MBBEBNBB
CAD	Royal Bank of Canada	SWIFT/BIC: ROYCCAT2 Clearing Code: 000300762
CHF	UBS AG, Zurich	UBSWCHZH80A
CNY	The Hongkong and Shanghai Banking Corporation Limited, Hong Kong SAR	HSBCHKHHHKH
DKK	Danske Bank A/S, Copenhagen, Denmark	DABADKKK
EUR	HSBC Continental Europe	CCFRFRPP
GBP	HSBC Bank Plc, London	MIDLGB22
HKD	The Hongkong and Shanghai Banking Corporation Limited, Hong Kong SAR	HSBCHKHHHKH
IDR	PT Bank HSBC Indonesia	HSBCIDJA
INR	The Hongkong and Shanghai Banking Corporation Limited Mumbai, India	HSBCINBB
JPY	The Hongkong and Shanghai Banking Corporation Limited, Tokyo	HSBCJPJT
LKR	The Hongkong and Shanghai Banking Corporation Limited Colombo, Sri Lanka	HSBCLKLX
NOK	DNB Bank ASA, Oslo	DNBANOKK
NZD	The Hongkong and Shanghai Banking Corporation Limited, Auckland	HSBCNZ2A
PHP	The Hongkong and Shanghai Banking Corporation Limited, Philippine	HSBCPHMM
SAR	Saudi Awwal Bank	SABBSARI
SEK	Skandinaviska Enskilda Banken AB, Sweden	ESSESESS
SGD	HSBC Bank (Singapore) Limited	HSBCSGSG
THB	The Hongkong and Shanghai Banking Corporation Limited, Bangkok	HSBCTHBK
USD	HSBC Bank USA, New York	MRMDUS33
ZAR	HSBC Bank Plc	HSBCZAJJ

**Which countries are HSBC Clearing Agents located and what is their respective SWIFT/BIC Code to perform fund transfers via telegraphic transfer?**
Currency	AED
Banks	HSBC Bank Middle East, Dubai, United Arab Emirates
SWIFT/BIC	BBMEAEAD

Currency	AUD
Banks	HSBC Bank Australia Limited, Sydney
SWIFT/BIC	HKBAAU2SSYD

Currency	BND
Banks	Malayan Banking Berhad
SWIFT/BIC	MBBEBNBB

Currency	CAD
Banks	Royal Bank of Canada
SWIFT/BIC	SWIFT/BIC: ROYCCAT2 Clearing Code: 000300762

Currency	CHF
Banks	UBS AG, Zurich
SWIFT/BIC	UBSWCHZH80A

Currency	CNY
Banks	The Hongkong and Shanghai Banking Corporation Limited, Hong Kong SAR
SWIFT/BIC	HSBCHKHHHKH

Currency	DKK
Banks	Danske Bank A/S, Copenhagen, Denmark
SWIFT/BIC	DABADKKK

Currency	EUR
Banks	HSBC Continental Europe
SWIFT/BIC	CCFRFRPP

Currency	GBP
Banks	HSBC Bank Plc, London
SWIFT/BIC	MIDLGB22

Currency	HKD
Banks	The Hongkong and Shanghai Banking Corporation Limited, Hong Kong SAR
SWIFT/BIC	HSBCHKHHHKH

Currency	IDR
Banks	PT Bank HSBC Indonesia
SWIFT/BIC	HSBCIDJA

Currency	INR
Banks	The Hongkong and Shanghai Banking Corporation Limited Mumbai, India
SWIFT/BIC	HSBCINBB

Currency	JPY
Banks	The Hongkong and Shanghai Banking Corporation Limited, Tokyo
SWIFT/BIC	HSBCJPJT

Currency	LKR
Banks	The Hongkong and Shanghai Banking Corporation Limited Colombo, Sri Lanka
SWIFT/BIC	HSBCLKLX

Currency	NOK
Banks	DNB Bank ASA, Oslo
SWIFT/BIC	DNBANOKK

Currency	NZD
Banks	The Hongkong and Shanghai Banking Corporation Limited, Auckland
SWIFT/BIC	HSBCNZ2A

Currency	PHP
Banks	The Hongkong and Shanghai Banking Corporation Limited, Philippine
SWIFT/BIC	HSBCPHMM

Currency	SAR
Banks	Saudi Awwal Bank
SWIFT/BIC	SABBSARI

Currency	SEK
Banks	Skandinaviska Enskilda Banken AB, Sweden
SWIFT/BIC	ESSESESS

Currency	SGD
Banks	HSBC Bank (Singapore) Limited
SWIFT/BIC	HSBCSGSG

Currency	THB
Banks	The Hongkong and Shanghai Banking Corporation Limited, Bangkok
SWIFT/BIC	HSBCTHBK

Currency	USD
Banks	HSBC Bank USA, New York
SWIFT/BIC	MRMDUS33

Currency	ZAR
Banks	HSBC Bank Plc
SWIFT/BIC	HSBCZAJJ

HSBC SWIFT Code

What is the HSBC SWIFT Code and when is it needed?

The SWIFT Code is a unique identifier of every bank worldwide via the Society for Worldwide Interbank Financial Telecommunication system. SWIFT Code below is required for incoming overseas payments to your HSBC/HSBC Amanah account.
Banks	SWIFT Code	Address
HSBC Bank Malaysia Berhad	HBMBMYKL	Level 21, Menara IQ, Lingkaran TRX, 55188 Tun Razak Exchange, Kuala Lumpur, Malaysia.
HSBC Amanah Malaysia Berhad	HMABMYKL	Level 21, Menara IQ, Lingkaran TRX, 55188 Tun Razak Exchange, Kuala Lumpur, Malaysia.

The SWIFT Code is a unique identifier of every bank worldwide via the Society for Worldwide Interbank Financial Telecommunication system. SWIFT Code below is required for incoming overseas payments to your HSBC/HSBC Amanah account.
Banks	HSBC Bank Malaysia Berhad
SWIFT Code	HBMBMYKL
Address	Level 21, Menara IQ, Lingkaran TRX, 55188 Tun Razak Exchange, Kuala Lumpur, Malaysia.

Banks	HSBC Amanah Malaysia Berhad
SWIFT Code	HMABMYKL
Address	Level 21, Menara IQ, Lingkaran TRX, 55188 Tun Razak Exchange, Kuala Lumpur, Malaysia.

What is IBAN?

IBAN (International Bank Account Number) is used to identify an individual bank account in cross-border payments in many countries around the world. IBANs greatly reduce errors and speed up international money payments and transactions. When sending wire transfers to countries that have IBAN numbers, we recommend using the IBAN in your wire transfer to identify the bank and the account of the recipient.

What can an IBAN be used for?

Your IBAN is a unique code used to identify your bank account for the purpose of cross-border payments. Using the wrong IBAN could result in a payment being returned or even sent to the wrong account altogether.

When sending money overseas to countries that adopt the IBAN format, you will need to have the recipient's:

name (their full name or company name) and address
IBAN
bank name and address

You may also be asked for:

the purpose of the payment
the details of your relationship with the recipient

Payments to the UK and European Economic Area (EEA) countries will also require the Bank Identifier Code (BIC). BICs are sometimes also known as SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes.

If you think you may have entered an incorrect IBAN, please contact our bank immediately for help with recovering the transferred funds.

What does an IBAN look like?

IBANs varies from country to country. They are unique because the alphanumeric code is connected to only one account. The IBAN includes all the information needed for a successful transfer: the country code, check digits, bank code, branch code and account number.

IBANs will have up to 34 alphanumeric characters, consisting of a:

two-letter country code (for example, IE for Ireland)
two-digit control number, used to catch errors
maximum of 30 alphanumeric characters that identify the bank and the account number

Where can I find an IBAN?

You can usually find your IBAN and BIC on paper bank statements and in your online banking or mobile banking app.

When sending money, there are IBAN calculators online that will generate an IBAN for you if you have the beneficiary's basic bank account number details. But this is not necessarily guaranteed.

The best way to make sure you have the correct IBAN is to get in touch with your bank or ask the beneficiary for it directly. That way, you can be sure that your money will arrive safely when sending it abroad.

What happens if I put in the wrong IBAN?

If you put in the wrong IBAN and there is no corresponding account with that IBAN, the and the bank will not be responsible for any FX losses that you may incur. It is recommended to double check the details once again right before confirming the transaction.

Global View and Global Transfers

What is "Global View (GV) and Global Transfers (GT)”?

Global View is a unique service allowing HSBC Malaysia Premier and Advance customers to see all their worldwide HSBC accounts on one page. Once the accounts are linked together online, customer will be able to make secure Global Transfers to their own overseas HSBC account instantly with zero fee. The service can be accessed in HSBC Online Banking. You may watch the online demo of the service here.

Who is eligible to use the service?

Global View and Global Transfers is only available to HSBC Malaysia Premier and Advance customers and is served for those customers who hold accounts with overseas HSBC entities. If you are interested in this exclusive service, you are welcome to contact us for more information.

How to use the service?

To use Global View and Global Transfers, you must have online banking set up in the countries and regions you hold eligible HSBC accounts. You'll need to enter your log on details to link and move money between your accounts.

How to setup Global View?

To link all your accounts and balances in one place with Global View, you need to login your HSBC Online Banking using the "With Mobile Secure Key" log on method. In the HSBC Online Banking, go to the "Move Money" option on top of the page and select “View your linked countries/territories”.

Step 1 – Scroll to choose the country you want to add and click the “Link a country/territory” button to continue.

Step 2 – Read and accept the terms and conditions, then you’ll be redirected to your selected country’s Online Banking.

Step 3 – Input your log on details used for the selected country. Read and accept the terms and conditions and click “Continue”.

Step 4 – Click “Back to your accounts” and you will see all your linked HSBC accounts on one page.

You may watch the online demo of the service here

How to perform Global Transfer?

To make Global Transfers, you need to login your HSBC Online Banking using the "With Mobile Secure Key" log on method. In the HSBC Online Banking, go to the "Move Money" option on top of the page and select "Global transfers to your global accounts", or click on “Transfer to my Global Accounts” under “Quick links”.

Step 1 – Choose the account you want to send money from and the account you want to receive the money from “Your international accounts” option.

Step 2 – Enter the amount you want to send along with the transfer details.

Step 3 – Review all the details to ensure that they are accurate and click “Continue” to confirm your transfer.

Step 4 – When you confirm the details, the transfer request is accepted.

Once the Bank have accepted the transfer request, it cannot be cancelled unless it is a future one-off or recurring transfer.

You may watch the online demo of the service here

How soon can Global View be available for a newly opened account?

For a newly opened account, Global View will be made available between 24 and 48 hours after account opening completion.

What currency can I make my transfer in?

You will be able to select the amount of the transfer in either the currency of the account you are transferring monies from or the currency of the account you are transferring the monies to. The majority of currencies will allow for 24x7 real-time transfers. However, there are a small number of currencies such as Philippine Pesos (PHP) and Vietnam Dong (VND) that can only be traded onshore due to local regulatory restrictions. Although these currencies will still be available for selection, transfers in there may be a short delay in processing these transactions.

Can I use Global Transfers to send money to my overseas HSBC accounts?

So long the account is linked to the same Global View profile and has been identified by the account owning country as being able to send or receive transfers, you will be able to use the account within Global Transfers.

You cannot send money from or to own overseas HSBC account that is either not linked through Global View or belonging to HSBC affiliate that has not launched the Global Transfers service. Only accounts that belong to the same person can be linked together through Global View.

What is the current limit of Global Transfer to your global accounts?

The daily transfer limit is USD50,000 and such limit is separated from other domestic and international transfers and payments, i.e. Global Transfers to overseas third party HSBC account, third party fund transfer, bill payment, FPX and QR pay. The same daily transfer limit is applied to all HSBC Malaysia Premier and Advance customers and it cannot be changed by customers.

Are there any hidden fees?

No, there is zero transfer fee when sending money to your global accounts in Global transfer enabled countries through this service.

Why can't I transfer funds to my HSBC account in Canada via HSBC Global Transfers anymore?

This is due to the HSBC Canada retail banking business being sold to Royal Bank of Canada. As such, Global Transfers to HSBC Canada accounts have been discontinued from 17 March 2024 onwards.

If you need to make international payments to accounts in Canada, you can still use Telegraphic Transfer. You can do so in HSBC Malaysia Online Banking or at a branch.

Please note that fees and charges may apply – kindly refer to our bank tariffs (PDF).

For details on other payment services you could use, please see our international transfers FAQs.

Why can't I transfer funds to my HSBC account in France via HSBC Global Transfers anymore?

This is due to the HSBC Continental Europe retail banking business being sold to Crédit Commercial de France (CCF). As such, Global Transfers to HSBC France accounts have been discontinued from 21 December 2023 onwards.

If you need to make international payments to accounts in France, you can still use Telegraphic Transfer. You can do so in HSBC Malaysia Online Banking or at a branch.

Please note that fees and charges may apply – kindly refer to our bank tariffs (PDF).

For details on other payment services you could use, please see our international transfers FAQs.

Why can't I transfer funds to my HSBC account in New Zealand via HSBC Global Transfers anymore?

We’ve permanently closed our HSBC Wealth and Personal Banking business in New Zealand as of 27 June 2024. As such, Global Transfers to HSBC New Zealand accounts have been discontinued. You can learn more in our personal banking FAQs.

If you need to make international payments to accounts in New Zealand, you can still use Telegraphic Transfer. You can do so in HSBC Malaysia Online Banking or at a branch.

Please note that fees and charges may apply – kindly refer to our bank tariffs (PDF).

For details on other payment services you could use, please see our international transfers FAQs.

Note:

HSBC Bank Malaysia Berhad, Company No. 198401015221 (127776-V) and HSBC Amanah Malaysia Bhd, Company No. 200801006421 (807705-X) will be collectively referred to as “HSBC Malaysia”.

Global Transfers for family and friends (to third party HSBC accounts)

What is "Global Transfers for Family and Friends (GTFF)"?

The "Global Transfers for Family and Friends" (GTFF) service allows HSBC Premier and Advance customers to make fund transfer to third-party HSBC personal accounts in overseas instantly via the Global Transfers feature. The service can be accessed in HSBC online banking by selecting "Global Transfers to other HSBC accounts".

Step 1: Select Global Transfer to other HSBC Account or Go to Move money > Global transfer > Global Transfer to other HSBC Account.

Step 2: Select '+Add new payee'.

Step 3: Select the payee's country or region.

Step 4: Input the payee's HSBC account number and select the account currency.

Step 5: Input a Nickname for the payee and enter a security code generated by your mobile device.

Now, you're all set!

Step 1: Select the account you wish to transfer "From" and select the existing payee from the drop down or Add new payee for new payee.

Step 2: Fill up the information required, and press continue.

Step 3: Read and confirm the foreign exchange policy (FEP).

Review the details and confirm the transaction.

Now, you are all done!

Where GTFF is available?

Receiving countries/territories available are Australia, Bahrain, Bermuda, mainland China, CIIOM, Egypt, Hong Kong, India, Indonesia, Jersey, Malta, Philippines, Qatar, Singapore, Sri Lanka, Taiwan, United Arab Emirates, United Kingdom, United States and Vietnam. This list will be expanding.

What is the current limit of GTFF?

The daily transfer limit is USD50,000 and such limit is separated from other transfers and payments, i.e. third party transfer, bill payment, FPX and QR pay. The same limit is applied to all HSBC Premier and Advance customers and it cannot be changed by customers.

Are there any hidden fees?

No, there is zero transfer fee when sending money to third party HSBC personal accounts in GTFF enabled countries through this service.

Who is eligible to use the GTFF service?

GTFF is a unique service offered exclusively to HSBC Premier and Advance customers. If you are interested in this exclusive service, you are welcome to contact us for more information.

I am a Premier/Advance customer, why I cannot use the GTFF service in my Online Banking to send money to other HSBC accounts in overseas?

To access the GTFF service in Online Banking, you need to login your Online Banking using the "With Mobile Secure Key" log on method. In the Online Banking, go to the "Move Money" option on top of the page, select "Global Transfers to other HSBC accounts".

If my target payee does not have HSBC Online Banking, can I send the money to him/her via the GTFF service?

If your target payee is not an Online Banking registered user or the credit account is not included in his/ her online account list (can be accessed via Online Banking), you will receive error message informing that your payee must be registered for HSBC Online Banking to receive fund via Global Transfers.

Any payment notification will be sent to me after my payment is successful?

Payment notification will be sent to your mobile number maintained in our system via SMS, if the transaction is MYR 500 and above or equivalent in foreign currency.

Why I cannot transfer Renminbi from Malaysia to HSBC accounts in Mainland China via GTFF?

Cross-border fund transfer of Renminbi to Mainland China is currently not supported via the GTFF service. You may transfer the fund in other foreign currency via the service to Mainland China.

Why do I need to input the payee account first and last name during the process of capturing the transfer to a joint account?

When you capture a "Global Transfers to other HSBC accounts" instruction to a joint account, the system will request you to enter one of the account holders' name as Payee's name. This Payee's name will be checked against the bank record to avoid making payment to incorrect beneficiary. Please check with your payee about the exact account holder's name. If you are unable to identify the exact account holder's name, please assign another sole account to receive this payment.

How can I print out the transaction details later if I forget to print the receipt after I make a payment via "Global Transfers to other HSBC accounts"?

You can retrieve the transaction details again by logging on the Online Banking. In the "Global Transfers to other HSBC accounts" page, click "My transfers" from the left-hand menu. You can then click the transaction in the transaction history page to see the detail and print the detail using print screen.

FX rate alerts

What are FX rate alerts?

HSBC FX rate alerts allow you to track foreign exchange rate fluctuations and be notified when our rate hits your target rate.

Who can use the FX rates alerts service?

The FX rate alerts service can be used by all HSBC Malaysia customers with any type of foreign currency account via HSBC Malaysia Mobile Banking app.

What type of FX rates alerts will I get?

You can choose to get alerts via SMS, email, or both. Alerts will be sent to the mobile number and email address that you have registered with us. The alerts you'll get will depend on your HSBC notification preferences.

Are there any fees and charges for FX rate alerts?

There are no fees and charges for using the FX rate alerts service.

How do I cancel an FX rate alert?

Go to the 'Foreign exchange' section of the HSBC Malaysia Mobile Banking app and select 'Watch status'. Then change the status and date range to filter for the alert you want to cancel. Pick the alert you want to cancel, choose 'Cancel FX rate alert', and then select 'Confirm cancellation'.

How long will my FX rate alert last?

You can set up FX rate alerts that last for up to 6 months.

Why wasn't my alert triggered even though my target rate matches with what I can see on Reuters or Bloomberg?

Our foreign exchange rates might be different from the rates published by other sources, such as Reuters and Bloomberg. This is because these platforms show interbank rates. Your alert is set up for HSBC foreign exchange rates and is only triggered when our rate matches your target rate.

Can I set an FX rate alert via HSBC Online Banking?

No, this service is only available on the HSBC Malaysia Mobile Banking app.

Can I set up multiple alerts for different currencies at once?

Yes, you can set up multiple alerts for different currencies. Once you’ve set up a rate alert, simply return to ‘Foreign exchange’ and set another target rate.

How do I see my existing FX rate alerts?

Go to the 'Foreign exchange' section of the HSBC Malaysia Mobile Banking app and select 'Watch status'. Here, you can view your active and past FX rate alerts.

Bank Negara Malaysia Foreign Exchange Policy

What is Bank Negara Malaysia’s (BNM) Foreign Exchange Policy (FEP)?

The FEP notices are administered by BNM under the Financial Services Act 2013 and Islamic Financial Services Act 2013 to speed up the development of the Malaysian financial market and to promote financial stability.

Depending on your residency status and whether you have domestic ringgit borrowing or financing, you may have a limit imposed on your investments in foreign currency assets onshore and offshore. To learn more about how the FEP may affect you, please read our full FAQ.

24/7 currency exchange & International transfer

Table of contents

24/7 Foreign currency conversion

When will the funds be available in the crediting account?

Other in-house transfer FAQs

Global Money Transfers

What is 'Global Money Transfers (GMT)'?

Fees, charges and exchange rates

Making global payments

General queries

Outward Telegraphic Transfers

What information is required to transfer funds to an overseas beneficiary?

How to make a telegraphic transfer using HSBC Online Banking

About Outward Telegraphic Transfers

Fees, cut-off time and rates

Possible scenarios encountered when performing Outward Telegraphic Transfers

About the ISO 20022 standard and how it affects you

Inward Telegraphic Transfers

Other Inward TT FAQs

HSBC clearing agents

HSBC SWIFT Code

What is the HSBC SWIFT Code and when is it needed?

What is IBAN?

Other IBAN FAQs

Global View and Global Transfers

What is "Global View (GV) and Global Transfers (GT)”?

Other GVGT FAQs

Global Transfers for family and friends (to third party HSBC accounts)

What is "Global Transfers for Family and Friends (GTFF)"?

How to add new payee

How to perform Global Transfer to other HSBC accounts

Other GTFF FAQs

FX rate alerts

What are FX rate alerts?

Other FX rate alerts FAQs

Bank Negara Malaysia Foreign Exchange Policy

What is Bank Negara Malaysia’s (BNM) Foreign Exchange Policy (FEP)?

Important note

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