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Important updates and fee changes

Safety Deposit Box fees related to Commercial Banking customers are changing on October 5th, 2020. Learn more.

Fee changes that may apply to you

Effective October 5, 2020
Account / Service Current Fee
New Fee

Receiving money by wire transfer

$15.00 per transfer

$17.00 per transfer

Returned items due to Non-Sufficient Funds (NSF) or reached credit limit

 

$45.00 per item

 

$48.00 per item

Fee changes that may apply to you

Effective October 5, 2020
Account / Service

Receiving money by wire transfer

Current Fee

$15.00 per transfer

New Fee

$17.00 per transfer

Account / Service

Returned items due to Non-Sufficient Funds (NSF) or reached credit limit

Current Fee

 

$45.00 per item

New Fee

 

$48.00 per item

Safety deposit box1 annual fees

 

HSBC Premier

HSBC Advance

Personal Banking

Box Size

Current Fee

New Fee

Current Fee

New Fee

Current Fee

New Fee

Size A – 1.5” x 5”

$37.50

$45.00

$45.00

$54.00

$50.00

$60.00

Size B – 2.5” x 5” or 3.25” x 5”

$48.75

$56.25

$58.50

$67.50

$65.00

$75.00

Size C – 2.5” x 10” or 5” x 5”

$93.75

$108.75

$112.50

$130.50

$125.00

$145.00

Size D – 5” x 10.4”

$168.75

$187.50

$202.50

$225.00

$225.00

$250.00

Size E – 10” x 10.4”

$225.00

$240.00

$270.00

$288.00

$300.00

$320.00

Size F – 10” x 16”

$337.50

$352.50

$405.00

$423.00

$450.00

$470.00

Safety deposit box1 annual fees

 

Box Size

HSBC Premier

Current Fee

HSBC Advance

New Fee

Personal Banking

Current Fee

 

Size A – 1.5” x 5”

HSBC Premier

$37.50

HSBC Advance

$45.00

Personal Banking

$45.00

 

Size B – 2.5” x 5” or 3.25” x 5”

HSBC Premier

$48.75

HSBC Advance

$56.25

Personal Banking

$58.50

 

Size C – 2.5” x 10” or 5” x 5”

HSBC Premier

$93.75

HSBC Advance

$108.75

Personal Banking

$112.50

 

Size D – 5” x 10.4”

HSBC Premier

$168.75

HSBC Advance

$187.50

Personal Banking

$202.50

 

Size E – 10” x 10.4”

HSBC Premier

$225.00

HSBC Advance

$240.00

Personal Banking

$270.00

 

Size F – 10” x 16”

HSBC Premier

$337.50

HSBC Advance

$352.50

Personal Banking

$405.00

New fees are applicable to any new safety deposit boxes opened from October 5, 2020 onwards and will be prorated2.

Existing safety deposit boxes will be charged the new fee when we collect the annual safety deposit box fees in 2021.

HSBC Bank Canada

1 Subject to availability. Safety deposit boxes are not available at all branches, and may not be available in all sizes. We only offer Safety Deposit Box services, including access to your box and key/lock replacement, during regular branch hours. Branch hours vary by location and are listed on hsbc.ca.

2 For newly licensed boxes, the annual license fee is prorated for the balance of the first calendar year on a daily basis. For subsequent years, the annual license fee will be collected on January 22. Your safety deposit box must be opened under the Premier or Advance package to enjoy preferred pricing.

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