Oct 16 2017

Wire Transfers #how #to #wire #money #online #to #a #bank #account


Wire Transfers | Move Money | HSBC

We’ve made sending funds quick, easy and convenient with HSBC Wire Transfer

Wire Transfers, also referred to as “Funds Transfers,” are a quick and convenient way to send funds from your eligible U.S. HSBC deposit accounts 1 to another person, business or financial institution in the U.S. or internationally through Personal Internet Banking.

Get started

HSBC Personal Internet Banking customers can initiate a wire transfer request by following the steps below:

  1. Log on to Personal Internet Banking
  2. Select Wire Transfers from the menu.
  3. Select Continue to Wire Transfer
  4. Complete the online wire transfer request form 2
  1. Select Wire Transfers from the menu.
  2. Select Continue to Wire Transfer
  3. Complete the online wire transfer request form 2

Please note: Access to HSBC Wire Transfers may require the use of a digital or physical HSBC Security Device. Visit the HSBC Security Device page for more information.

What you need to know

  • To send a Domestic Wire Transfer or International Wire Transfer (also known as a “remittance transfer”) 2. you will need to know the recipient’s banking information. This will include the recipient’s full name, address and bank account number. You will also need the recipient’s bank ABA Routing Number or SWIFT Number and the bank’s name and full address. You may also provide the recipient’s phone number if available.
  • A transfer fee 3 is charged for each outgoing Wire Transfer.
  • Wire Transfer requests submitted before 4:15 PM Eastern Time (ET) on a business day will be processed the same day. Wire Transfer requests to domestic banks and international banks can be completed online at any time, however, those completed after 4:15 PM ET on business days will be automatically re-dated to the next business day. International Wire Transfers can be cancelled for up to 30 minutes after payment is authorized with no penalty.
  • The following account types are not eligible for online Wire Transfers: Online Payment Accounts & CDs
Routing information for incoming funds transfers
  • ABA/Routing Number – 021 001 088
  • Swift Number – MRMDUS 33
  • Address:
    HSBC Bank USA, N.A.
    452 Fifth Avenue
    New York, NY 10018-3801

Wire Transfer disclosures and limitation can be accessed here .

Sign up for Personal Internet Banking now.

1 Eligible accounts include all deposit accounts except for CDs and Commercial Accounts.

2 Your instruction to transfer funds from your account to a third party is a Payment Order. The Bank is authorized, at its option, to charge your account in the amount of any Payment Order and to execute a Payment Order, even if the Payment Order conflicts with any other instructions received by the Bank from you (unless your transfer is a remittance transfer, as defined in Subpart B of Regulation E [12 CFR section 1005.30], in which case additional rules apply which will be provided in the disclosures we give you when you use that service) or results in an overdraft or payment to or for the benefit of a person authorized by you to sign checks or transfer funds for you. If there are not sufficient available funds in your account, the Bank may, without prior notice or demand, charge any account maintained by you with the Bank or setoff against any amount the Bank owes you in order to obtain payment of your obligations. By submitting this form, you are rejecting the Level One Security Procedures offered by the Bank and choosing the Level Two Security Procedures described in the FUNDS TRANSFERS section of the Bank’s Rules for Consumer Deposit Accounts. which you acknowledge are commercially reasonable pursuant to Section 4A-202(c) of the Uniform Commercial Code unless remittance transfer rules apply.

3 Refer to the Pre-Payment and Receipt Disclosures for the fee amounts of the applicable Funds (Wire) Transfer-Out – Domestic [Transfer Fees] and the Funds (Wire) Transfer-Out – International [Transfer Fees]

United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information.

If the payment order for your transfer (domestic or international remittance) includes an incorrect account number or recipient institution identifier, you could lose the transfer amount.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Incoming Funds Transfer

Video Transcript: HSBC Wire Transfers DEMO. – Making a Wire Transfer

Welcome! HSBC customers can now enjoy an upgraded service to complete both Domestic and International Funds Transfers (also known as wires) through Personal Internet Banking. Besides an enhanced look-and-feel, you’ll benefit from real-time, competitive rates.

Section One: Making an international funds transfer (also known as a “remittance transfer”).

To begin, log on to Personal Internet Banking starting with your Username.

Next, enter your memorable answer and password.

If you are using a digital or physical HSBC Security Device to log on, you will need to generate a Security Code and then enter it on the screen.

Then select “Wire Transfers” from the left-hand menu. Click on the “Continue to Wire Transfer” button on the landing page.

You will be taken to the new wire service.

Now you’re ready to set up your wire transfer. First, select the recipient of the wire transfer. If you are paying someone new, you’ll learn how to add a new recipient in Section Two of this demo.

Then select the account from which you would like the funds taken. The drop-down will contain all your accounts that are eligible for wire transfers.

For international remittance transfers, choose the currency you want to make the remittance transfer in. As an added convenience, the currency will self-select to match, in most cases, the local currency of the country where the recipient’s bank is located. Please note that all domestic funds transfers can only be done in U.S. dollars.

Once you add your account details, fill in the amount you’re transferring. If you are transferring money to a foreign currency account, remember to select your Transfer Currency as the foreign currency of the receiving account. This way, you will know exactly what to expect in terms of currency exchange rates.

If you have chosen to send funds in a currency other than U.S. dollars, the system calculates a competitive rate in real-time. Because currency fluctuations occur continuously, your real-time quote will only be available for 20 minutes. If you fail to complete your transfer within the allotted time, you will be presented with an updated exchange rate. Remember, the system only supports immediate remittance transfers at this time.

Fees associated with a remittance or a domestic wire transfer will be shown on the Pre-Payment Disclosure. This allows you to understand who is responsible for the costs associated with the wire transfer BEFORE the wire transfer is complete.

You can enter a description of the payment, and if completing an international remittance transfer, a purpose of the payment for future reference.

To continue with your wire transfer, it’s necessary to read and accept the Funds Transfers Disclosure. Then click the “Continue” button to go to the next page.

Now you’re able to review the recipient details.

If you need to make a change, simply click the “Back” button to amend any wire transfer recipient details. Once you’re sure everything is correct, click “Continue” to proceed.

Finally, you can confirm wire transfer details, exchange rates if applicable, and any fees associated with the wire transfer. This allows you to understand the costs associated with the wire transfer BEFORE the wire transfer is complete, how these costs impact your account, and how they impact the final amount received by the recipient.

Click “Confirm” to continue.

Congratulations! Your wire transfer was successful.

You will receive a confirmation code for your reference and details of the wire transfer.

For your convenience, you can print a PDF version of your receipt from the confirmation screen.

To start a new funds transfer, click “Make another transfer.”

To return to Personal Internet Banking, click the “Back to my account” link.

That’s it! You have the information you need to make an international funds transfer through HSBC’s Wire Transfer Service on Personal Internet Banking. View Section Two to learn how to add a new recipient.

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