Wire transfers


A wire transfer is an electronic transfer of funds locally or, to or from a foreign country.

Send a wire transfer from your Online Banking account to:

  • a non-HSBC account within Canada*
  • an account internationally

* Sending $5000 or less to another Canadian bank?
Use an INTERAC e-Transfer – it’s free!

Wire transfer limits

The daily limit is $50,000 (CAD equivalent). For wire transfers between $50,000 and up to $150,000 (CAD equivalent), you’ll need additional authorization: log on to your account, add your new wire transfer payee and then call Customer Service at 1-877-621-8811.

Before you send a wire transfer

Make sure you have:

  • Available funds – Is the money available (not on hold) in your account to cover the wire transfer and service charges?
  • Up to date contact information – Ensure your contact details (email and telephone) are up to date: log on to your account and from the top menu go to Banking > My profile > Update personal details.
  • Activated security device – To add a new wire transfer payee, you’ll need to generate a Transaction Security Code.
  • Reviewed service charges.
  • Complete information on the payee’s bank:

    • Does the payee’s bank accepts wire transfers?
    • Payee bank details:

      • Select the payee’s bank country, city and name from the menus in wire transfer page in Online Banking - see country specific requirements
      • Bank details not listed in any of the menus? Select Other and enter the information manually. Provide a Bank Identification Code (BIC) or SWIFT code for the bank in the Bank code field.
      • If a BIC or SWIFT code is not available, provide a local clearing code (e.g. Clearing Code for Canada, Fed Wire for the US, CLABE for Mexico, BRB for Australia, etc.) in the Bank code field.
      • If no BIC/SWIFT or clearing code is available, provide the bank’s name and full physical address (bank’s head office only).
  • Complete information on the payee:

    • Full name
    • Full physical address (no post office box):

      • building number/name and street
      • town/city
      • province/state
      • postal code
      • country
    • Bank account number or IBAN (mandatory for European banks and some other countries)

Additional information

Country requirements

Wire transfer terminology

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