Fee Change 2017 | HSBC Bank Canada

Updates and fee changes that may apply to you

$0 fee for certain wire transfers - effective July 23, 2018

No transfer fee for sending wires under $10,000 CAD equivalent in a currency that differs from the originating account. Foreign exchange rates still apply.

Fees effective November 20, 2017

Current Fee
New Fee
INTERAC e-Transfer (no more fee!)1 $1.25 per transfer $0.001
Paper statement fee2 (new)
Visit hsbc.ca/statementfee for details
$0.00 $2.00 per statement
HSBC Premier – Below Minimum Qualifying Balance fee $28.00 $34.95
RRSP / RRIF / TFSA transfer-out fees – for full or partial
transfers to another financial institution
$50.00 per transfer $75.00 per transfer
Copy of a full or partial statement3 $3.50 per statement $5.00 per statement
Certify a cheque (account owner) $10.00 per cheque $15.00 per cheque
Cheque not written in currency of account $15.00 per cheque plus exchange $20.00 per cheque plus exchange
Annual inactivity fee $25.00 per year $30.00 per year
Returned NSF items $40.00 per item $45.00 per item
Additional HSBC ATM fee for withdrawals at HSBC and non-HSBC ATMs outside Canada (all personal deposit accounts except HSBC Premier Chequing
Account transaction fee4 will continue to apply in addition to the fee above. Other banks may charge an additional fee.
$3.00 per withdrawal $5.00 per withdrawal
HSBC Premier: Sending wire transfers to another HSBC office globally $15.00 per transfer
(discounted from standard wire transfer fee)
Standard wire transfer fees apply – see new fee table below

Sending Wire Transfers: We’ve simplified our fee structure for outgoing wire transfers.

Current Fees New Fees
Funds in Canadian dollars
Less than $10,000
Between $10,000 and $50,000
Greater than $50,000
Up to and including $30,000
Greater than $30,000
At an HSBC branch in Canada:
HSBC Premier $30.00 $50.00 $80.00 $45.00 $75.00
HSBC Advance $40.00 $55.00 $85.00 $50.00 $80.00
Other HSBC customers $45.00 $60.00 $90.00 $55.00 $90.00
Through Online Banking5:
HSBC Premier $15.00 $25.00 $40.00 $20.00 $40.00
HSBC Advance $30.00 $40.00 $45.00 $35.00 $45.00
Other HSBC customers $40.00 $45.00 $50.00 $40.00 $60.00

Note: Other banks that process or receive your funds may also charge fees, including foreign exchange fees, even if the wire transfer is rejected or returned.

Updates to HSBC Premier qualification and fee changes6 - effective November 20, 2017

  • You can now qualify for HSBC Premier if you reach a HSBC Bank Canada residential mortgage balance of $500,000 or more. You will enjoy HSBC Premier benefits with no monthly fees until the mortgage account is closed.
  • If you don’t meet HSBC Premier eligibility criteria in the current calendar month, you will be charged a monthly fee of $34.95 on the 2nd (or next business) day of the following month. This is the case even though we may have waived this fee in the past. There are some exclusions – ask us for details.
  • If you qualify for HSBC Premier, your spouse or partner will also enjoy the benefits on all your joint products.
  • If your joint account holder wants to have their own Premier Chequing account, they will need to qualify for HSBC Premier on their own.

Our Personal Service Charges Statement of Disclosure will be updated with the fee changes on November 20, 2017. You can get a copy at hsbc.ca/documents or at any of our branches.

If you have questions about any of these changes, call us at 1-888-310-4722. Thank you for your continued business.

1 Account transaction fees will continue to apply

2 Certain Personal Banking accounts only; exceptions apply. Visit hsbc.ca/statementfee for details.

3 This service charge change does not apply to HSBC Mastercard accounts.

4 Account transaction fees for ATM withdrawals are currently as follows: Canadian Dollar High Rate Savings Accounts ($5.00); TFSA High Rate Savings Accounts ($1.00); Performance Chequing Limited Accounts ($0.60); Performance Activity Accounts ($0.60); Performance Chequing Standard / Student / 60 Accounts ($0.60); Investment Savings Account ($0.85); Regular Savings Account ($0.85).

5 Sending wire transfers over $150,000 cannot be done online; please visit an HSBC branch.

6 Our Personal Service Charges Statement of Disclosure contains full details on HSBC Premier eligibility criteria and fees.

® Mastercard is a registered trademark of Mastercard International Incorporated. Used pursuant to license.

® INTERAC e-Transfer is a registered trademark of Interac Inc. Used under license.

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