HSBC Maldives Tariff 2014 Retail Banking & Wealth Management HSBC Maldives
An Easy Guide to Personal Banking Tariff for Personal Banking Customers Welcome to HSBC s easy guide to services and fees. All sections in this easy guide have been compiled to provide you with better banking value, more options, more efficiency and more reasons to bank with HSBC. This easy guide to the general bank tariff is intended to give you a clear picture of the fees we charge for our most commonly used services. Please note that the sections on specific account types should be read in conjunction with the section entitled General Services. These charges are applicable only to accounts maintained with The Hongkong and Shanghai Banking Corporation Limited, Maldives. The charges in this guide are subject to change. If there are circumstances where these may differ from your expectation, please seek confirmation of the prevailing charge related to the service you require. If you have any queries about the charges listed in this guide, you may contact our personal banking department. 1
Item Charges Account Closure Charges: MVR500 USD30 Cheque Book Charges: MVR150 USD10 Returned Cheques For lack of funds MVR2,500 USD150 Incorrectly drawn MVR150 USD10 Stopped cheque MVR750 USD50 Cheque deposit return handling charges MVR750 USD50 Stop Payment charge MVR150 USD10 Free of charge through PIB Standing Instructions Standing orders set-up through Personal Internet Banking Standing order set-up fee (over the counter) Fund transfers within accounts maintained with HSBC Maldives MVR400 / USD25 Payments by Cashier s Orders to Minimum MVR150 / USD10 accounts with other banks in Maldives Over USD100K Non payment due to lack of funds on all automated transactions MVR150 / USD10 MVR650 / USD50 Request for Copies of Statements / Cheques Copies relating to previous 12 months Copies relating to prior years MVR150 / USD10 per item MVR400 / USD25 per item 4
Item Charges Outward Remittances Internal Bank Transfers Non-Premier Customers Fund transfers within accounts maintained with HSBC Maldives: Processed through Personal Internet Banking Processed over the counters MVR300 / USD20 Premier Customers Fund transfers within accounts maintained with HSBC Maldives: Processed through Personal Internet Banking Processed over the counters Telegraphic Transfers Non-Premier Customers Amounts below USD5,000 Amounts USD5,001 - USD100,000 USD100,001 USD250,000 USD250,001 USD500,000 USD500,001 and above - USD25 + Telex Charge USD15 (Total USD40) - 0.5% of the face value (min. of USD25 and max. of USD250) + Telex charge of USD15 - USD500 + Telex charge of USD15 - USD750 + Telex charge of USD15 - USD1000 + Telex charge of USD15 Premier Customers Transfers between own accounts within HSBC group: * Payments done via Personal Internet Banking or / and if Premier criteria is maintained in Maldives * Manual payments and if criteria is not maintained in Maldives USD25 Transfers to Third Parties or to accounts maintained with other banks: USD25 minimum or 50% deduction on the Non Premier tariff. (Please note that any fund transfers pertaining to a corporate transaction would be under the normal Tariff) 7
Item Charges Payments by Cashier s Orders Minimum Over USD100K MVR150 / USD10 MVR650 / USD50 Payments through RTGS Non-Premier Customers Minimum MVR300 / USD20 Over USD100K MVR1500 / USD100 Premier Customers Minimum MVR150 / USD10 Over USD100K MVR650 / USD50 Demand Drafts Non-Premier Customers 0.5% of the face value (minimum of USD25 and maximum of USD500) Premier Customers 0.25% of the face value (minimum USD15 and maximum of USD250) Lost or Stolen Drafts Stop payment Investigation charges including tracers for confirmation of receipt of funds USD100 USD25 8
GENERAL Government Tax / Duty All charges are subject to statutory taxes and levies presently in force and which may come into force at a future date. Interest Rates All interest rates are subject to change without notice. However, in the case of Time Deposits, the contracted rate of interest will prevail until the maturity date of the deposit. Withdrawals of Time Deposits before maturity date will be permitted only at the Bank s sole discretion and subject to penalty charges as determined by the Bank at the time a request for such withdrawal is received. Uniform Customs and Practice For Import and Export Documents We adhere to the Uniform Customs and Practice for Documentary Credits as published by the International Chamber of Commerce (Publication No.600) and to the Uniform Rules for Collection (Publication No.522) 10