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The world's local bank
The world's local bank
Wire payments are one of the most secure and timely methods of transferring funds, ensuring prompt execution of your high-value or time sensitive payments. With HSBC’s network of correspondent banks in nearly 120 countries, we can quickly and efficiently transmit your payment instructions in most currencies, to almost anywhere in the world.
Through a variety of electronic channels, HSBC Wire Payment Service will ensure prompt execution of your payments. Initiate critical payments from your desk 24 hours a day, 7 days a week using our Web-based solutions. Plus, our Get Rate function allows you to originate wire payments in a variety of foreign currencies, and determine the precise FX value of each payment.
Key Benefits and Features
- Full integration with your internal systems
- Wire funds in domestic or foreign currencies directly from an HSBC account or from accounts with most major financial institutions in the world. All HSBC supported currencies are available
- Allow your customers to take advantage of immediate availability of funds
- Send future dated payment instructions
- Ability to include free form/addenda information with your payment
- Ability to choose between multiple types of wire creation options including: Web-based platforms using free form or payment templates and file upload through a variety of electronic and Web-based transmission methods
- Unattended wire payment initiation by importing files directly from your enterprise resource planning (ERP) or treasury workstation
- Convenience of executing payments from anywhere you have internet access or submitting your payment instructions through the HSBC Bank Canada branch network
- An extensive global reach - with correspondent banks in nearly 120 countries, HSBC can put you in touch with important markets that are often hard to reach
- Set the number of approvals you require for payment initiation and further processing
- Ability to establish payment templates to ensure that only pre-selected beneficiaries receive funds
- Mitigate risk by having flexible security options to restrict access to payment functions using our electronic channels to deliver payment instructions
