Group Executive Services (GES) Tariff of Charges
The information, rates and prices in this Tariff are correct as at 1 January 2013. The contents of this Tariff apply to all Group Executive Services (GES) customers. Tariff This Tariff lists the charges for the most common transactions and services available from Expat. If you require further details, please contact your Premier Relationship Manager. Where charges are expressed in sterling, for non-sterling accounts the currency equivalent amount will be deducted. References in this Tariff to the UK also include Jersey. There are many ways of avoiding or reducing bank charges. At the back of this Tariff, you ll find information on some of the many options available to you. 1
1. Accounts 1.1 Premier customers 1.1.1 To qualify for our Premier service, customers need to maintain a relationship balance with us of at least 60,000 or currency equivalent. However, all GES customers automatically qualify for our Premier service and the minimum balance requirement is waived. 1.1.2 If you leave the employment of the Group and continue to hold an account, then you must maintain a minimum of 60,000 to continue to benefit from the Premier service. Alternatively, the Advance service is available for balances of 25,000 and above. As an Advance customer, if your relationship balance falls under 25,000, then you may be required to pay an underfunding fee. To find out more about the fees applicable to both these services, please refer to the general Tariff of Charges applicable to customers, available on our website www.expat.hsbc.com. However, if you retire from, you will retain your staff benefits throughout your retirement. 2 You will be exempt from the monthly charge in the following circumstances: If you hold 60,000 or currency equivalent in any of the following products or services from Expat: A Market Linked Guaranteed account or an Expat InvestDirect International account. If you have an investment with us, or have made an investment via the Expat Wealth Management team. 1.2 How is your relationship balance calculated? 1.2.1 Every month, your relationship balance will be calculated by adding up the average daily balances of all your accounts in the same name. Relationship balance calculation for sole accounts: you will be able to combine the balances on your sole accounts and all related joint accounts in calculating your sole relationship balance Relationship balance calculation for joint accounts: in order to protect your privacy, we cannot include balances on your sole accounts when calculating the relationship
balance of your joint relationship. This means that joint accounts will need to maintain separately the minimum relationship balance. 1.3 Bank account 1.3.1 Authorised overdrafts are charged at 1% over the relevant currency base rate. Details of the current authorised and unauthorised rates charged can be obtained by calling your Premier Relationship Manager. 1.4 Arrangement fees 1.4.1 GES Premier customers can enjoy arrangement fee-free overdrafts up to 5,000 (or currency equivalent) and should contact their Premier Relationship Manager for further details. 1.5 Fixed Deposit accounts early withdrawals 1.5.1 Withdrawals at any time other than maturity will incur a 250 handling fee plus the cost to Expat of funding the repayment. Any interest earned up until the date of early withdrawal will be paid, subject to the above fees being met. 1.6 Online share dealing 1.6.1 Expat InvestDirect International is provided by Bank plc in the UK. Details of the online share dealing service charges can be found at www.expat.hsbc.com. 1.7 International services 1.7.1 Your Premier Relationship Manger can help you set up banking and savings accounts in many countries around the world within the Group. GES Premier customers receive this service for free. 2. Payments from your account There will be no charge for making payments and transfers to other banks within the Group or banks outside the Group. Please note, we are not responsible for any charges deducted by correspondent banks. Note: a fee of 25 will be charged for payment related investigative work, where we are found not to be at fault. 3
2.1 Cheques Foreign cheque negotiations (including currency cheques payable in the UK) For credit to an account Foreign cheque collections For credit to an account Inward collections Cheques drawn on accounts with us and presented through foreign banks Note: any additional incidental expenses (eg written information, post) and foreign bank charges will be charged as appropriate. 2.2 Miscellaneous Certificate of interest credited Duplicate statements (per request) Third party cheques returned to us unpaid Cheques on your account returned unpaid 30 Stopped sterling or currency cheques Arrangement fee for items sent by registered mail (excludes postal charges) Arrangement fee for items sent by courier (excludes courier charges) Direct Debits or standing orders on your account returned unpaid 30 Specific requests for written (fax/email/postal) confirmation that an instruction has been carried out The cost of returning undelivered courier items to us Actual cost of return as charged by the courier company 4
2.3 Debit Cards Sterling and US Dollar debit cards Type of Card Cash Withdrawal Purchases Exchange Rate Adjustment No additional transaction charges for withdrawals: Premier sterling Debit Card 1) from any cash machine worldwide; and 2) from any UK Link cash machine. If cash is withdrawn from any other cash machine, a charge of 2% will be made (min. 1.75, max. 20). Some cash machine providers may impose a charge. This should be shown on the screen before the transaction is completed. No additional transaction charges 2.75% Exchange Rate Adjustment applied to non-sterling transactions No additional transaction charges for withdrawals: Advance sterling Debit Card 1) from any cash machine worldwide; and 2) from any UK Link cash machine. If cash is withdrawn from any other cash machine, a charge of 2% will be made (min. 1.75, max. 20). Some cash machine providers may impose a charge. This should be shown on the screen before the transaction is completed. No additional transaction charges 2.75% Exchange Rate Adjustment applied to non-sterling transactions Offshore sterling Debit Card No additional transaction charges for withdrawals from any UK Link cash machine. Outside the UK or at any other machine in the UK, a charge of 2% will be made (min. 1.75, max. 10). Some cash machine providers may impose a charge. This will be shown on the screen before the transaction is completed. No additional transaction charges 2.75% Exchange Rate Adjustment applied to non-sterling transactions US dollar Debit Card All cash withdrawals will be subject to a fee of 2% (min. $3, max. $15). of additional transaction charges when purchasing in US dollars 2.75% Exchange Rate Adjustment applied to non-us dollar transactions (Including cash withdrawals and purchases) 5
2.4 Credit Cards Sterling Credit Cards Credit Cards are provided by Bank plc in the UK. Details of the latest charges for Credit Cards brought to you by Expat can be found at: www.hsbc.co.uk/1/2/credit-cards/hsbcpremier-credit-card/interest-rates for Premier customers www.hsbc.co.uk/1/2/credit-cards/credit-card/interest-rates for Advance customers 2.5 International currency cards Details of charges for the American Express International Currency Cards brought to you by Expat can be found at www.expat.hsbc.com. International Currency Cards are provided by American Express Services Europe Limited. 6
Issued by Expat, a trading name of Bank International Limited, House, Esplanade, St Helier, Jersey JE1 1HS. Bank International Limited is regulated by the Jersey Financial Services Commission for Banking, General Insurance Mediation, Investment and Fund Services Businesses. Copies of our Personal Banking Terms and Conditions and Audited Accounts are available on request. To help us to continually improve our service, and in the interest of security, we may monitor and/or record your communications with us. Bank International Limited 2013. All Rights Reserved CP000478 SJ/22066375