Fees and charges
HSBC Corporate Services Price Guide
Important:
- This tariff will be effective from 1 March 2021 all HSBC business customers in the Kingdom of Bahrain
- The Bank reserves the right to amend, at any time, its charges, commission or fees and may notify the customer in any manner it deems appropriate
- All fees apply to normal banking transactions. The Bank reserves the right to levy additional charges for services provided, at its sole discretion
- The tariff for any services not mentioned will be available on request
Account Services
Current Accounts
| Service | Charges | Inclusive of VAT (BHD) |
|---|---|---|
| Monthly service charge | BHD50 | BHD52.500 |
Call Deposits
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Below minimum balance | No interest | - |
Time Deposits
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Minimum balance | BHD1,000 | - |
| USD10,000 | - | |
| GBP5,000 | - | |
| EUR10,000 | - | |
| Early withdrawal service charge | BHD40 plus cost of funds (cost of borrowing) | - |
Account Mandate and Maintenance
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Change of Account Title | BHD5 | BHD5.250 |
| Account Closure (within 6 months of opening) | BHD10 | BHD10.500 |
| Reactivation of Dormant / Unclaimed Account | BHD100 | BHD105 |
| Amendment of Signatories Record | BHD5 | BHD5.250 |
Account Transaction Charges
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Cash Deposit Transactions through Direct Banking Channels | Free | - |
| Cheque Deposit Transactions through Direct Banking Channels | Free | - |
| Bulk Deposit / Withdrawals of coins | BHD10 per transaction | BHD10.5 |
| Deposit / Withdrawal of foreign currency notes | 1% of the transaction amount (min BHD10) | 1.05% (Inclusive of VAT) of the transaction amount (min BHD 10.5) |
Issuance of Certificates / Statements (a)
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Balance Letter | BHD20 | BHD21 |
| Trade & Credit Information | BHD20 | BHD21 |
| Initial Capital confirmation to Ministry of Commerce | BHD10 | BHD10.500 |
| Audit Confirmation | BHD30 | BHD31.500 |
| Duplicate Statements | BHD5 per month (Up to 3 months) | BHD5.250 |
| BHD10 per month (Over 3 months and upto 10 years history) | BHD10.500 | |
| Retrieval of Old Record/Transaction | BHD10 per month(Up to 3 months) | BHD10.500 |
| BHD15 per month (Over 3 months and upto 10 years history) | BHD15.750 |
Other Services
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Statement reporting through SWIFT (monthly) | BHD20 | BHD21 |
Payments
Internal Transfer
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Internal Transfer within HSBC Bahrain - Electronic | Free | - |
Telegraphic transfer (TT)
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Cross Border Telegraphic Transfer - Electronic | BHD3.75 | BHD3.94 |
| Cross Border Telegraphic Transfer - Manual | BHD20 | BHD21 |
| Local/Central Bank Telegraphic Transfer - RTGS | BHD0.400 | BHD0.42 |
| Local/Central Bank Telegraphic Transfer - EFTS | Salary Payments: BHD 0.005 per transaction | BHD0.005 |
| Non-salary Payments: BHD 0.100 per transaction | BHD0.105 | |
| Correspondent bank charges | BHD10 | BHD10.500 |
| Payment Amendments / recall of Funds / Fate Enquiry / Payment investigation | BHD 15 ( Up to 3 SWIFTS ) | BHD 15.750 |
Cashiers Order / Demand Draft
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Issuance - Manual | BHD10 | BHD10.500 |
| Issuance - Electronic | BHD2 | BHD2.100 |
| Cashiers Order Cancellation / Stop Payment | BHD25 | BHD26.250 |
| Demand Draft Cancellation / Stop Payment | BHD25 + Correspondent Bank charges | BHD26.25 + 1.05% correspondent bank Charges (Inclusive of VAT) |
Standing Instruction (SI)
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Set up | BHD5 | BHD5.250 |
| Amendment | BHD5 | BHD5.250 |
| If Standing Instruction failed | BHD25 | - |
Salaries & Bulk Payments
| E-Channels | Inclusive of VAT (BHD) | |
|---|---|---|
| Transaction Fee - E-Channels - HSBC | Free | - |
| Transaction Fee - e-Channels- Non HSBC - EFTS | Salary Payments: BHD 0.005 per transaction | BHD0.005 |
| Non-salary Payments: BHD 0.100 per transaction | BHD0.105 | |
| Return Fees | Inclusive of VAT (BHD) | |
|---|---|---|
| Returned Items (per item) | BHD 15 Returned Items (Per item - for outward by HSBC and returned by other banks ) | BHD 15.750 |
| BHD 25 retunred Items (per transaction - for inward by other banks and returned by HSBC ) | BHD 26.250 | |
| Inward Payments | Inclusive of VAT (BHD) | |
|---|---|---|
| Credited to HSBC BHD account | Free | - |
| Paid in the same currency to the beneficiary account (per transaction) |
0.2% of remittance amount (Minimum BHD5 & Maximum BHD200) | 0.21% ( Inclusive of VAT- Minimum BHD 5.250 and Maximum BHD 210) |
Notes:
Please be advised that HSBC continues to review our tariff on an ongoing basis with a view to reducing, where possible, the cost of electronic transactions and bringing the advantages of technology to your business.
- Electronic: Transactions originating from HSBCnet and internet banking.
- Manual: Transactions originated through branches and telephone banking.
- The above charges are for HSBC Bahrain only. Other banks, including HSBC offices, may deduct their charges from the remittance amount.
- The value date is subject to the respective currency cut-off time and holidays.
Cheques
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Issuance of Cheque Book (Issued at HSBC's Discretion) | BHD10 | BHD10.500 |
| Specially designed cheque books | BHD50 administrative fee plus print costs | BHD52.500 |
BHD Cheques
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Incoming Cheques and Outgoing Cheques | Free | - |
| Returned Cheque drawn on own account, due to Technical Reasons | BHD10 | BHD 10.500 |
| Returned Cheque due to reasons - Refer to Drawer, Not Arranged For, Represent the Cheque Again and insufficient fund | BHD 14 | BHD 14.700 |
| Stop Payment of Cheques | BHD10 per cheque | BHD 10.500 |
Foreign Currency Cheques and Cheques Drawn on Overseas Banks
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Cheque sent for collection | BHD10 per cheque* | BHD10.500 |
| - collection will be only for cheques drawn on HSBC , HSBC affiliates or local banks | BHD5 per cheque plus 0.1% (Minimum BHD5 - Maximum BHD200)* | BHD 5.250 per cheque plus 0.105% (Inclusive of VAT Minimum BHD 5.250 - Maximum BHD 210) |
| *Courier charges may apply on USD cheques drawn on HSBC entities and affiliates for clearing through physical collection outside Bahrain. | Courier Charges plus 5% VAT | |
| Return cheque charges | BHD 10 plus other bank charges if any | BHD10.500 |
HSBCnet
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Set up (Accounts set up; Initial Training) | FREE | - |
| Box of 5 Security Devices | BHD30 | BHD31.500 |
| Monthly Service Charges | BHD10 | BHD10.500 |
| Monthly file upload option charge (incorporated in monthly service charge) | BHD20 | BHD21.000 |
| Linking additional accounts | BHD5 per account | BHD5.250 |
| Adding System Administrator | Free | - |
| Additional phone training | Free | - |
Cheque Outsourcing ( COS) / Adhoc COC / DD Issuance
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Cheque Outsorcing One Time Set Up Fee | BHD20.000 | BHD21.000 |
| Cheque Outsourcing Monthly Fee | BHD10.000 | BHD10.500 |
| Cashier Order via COS | BHD0.750 | BHD0.790 |
| Demand Draft via COS | BHD1.500 | BHD1.575 |
| Company Cheque via COS | BHD0.900 | BHD0.945 |
Receivable Management Services (RMS)
| Inclusive of VAT (BHD) | ||
|---|---|---|
| RMS Set-up Fee | BHD 50 | BHD 52.500 |
| RMS Monthly Maintenance Fee (Flat) | BHD 25 | BHD 26.250 |
| Advising (Email) per instruction | BHD 0.050 | BHD 0.052 |
| RMS Amendment Fee | BHD 10 | BHD 10.500 |
Balance Inquiry ( ATM )
| Inclusive of VAT (BHD) | ||
|---|---|---|
| HSBC Bahrain ATMs | Free | - |
| GCC countries at GCCNet ATM | BHD0.500 | BHD0.525 |
| Internationally at HSBC ATMs on GATS network* | Free | - |
| Internationally at HSBC ATMs and Non HSBC ATMs on PLUS / CIRRUS (VISA) Networks | Free | - |
Cash Withdrawals
| Inclusive of VAT (BHD) | ||
|---|---|---|
| HSBC Bahrain ATMs | Free | - |
| GCC countries at GCCNet ATMs | BHD1.000 | BHD1.050 |
| Internationally ATMs on GATS network* | BHD1 | BHD1.050 |
| Internationally at HSBC ATMs and Non HSBC ATMs on PLUS / CIRRUS (VISA) Networks | BHD2.000 | BHD2.100 |
Note:
* Additional other bank's charges (if any, including HSBC outside Bahrain) may be applied.
Global Liquidity Solutions
Cross Border Cash Concentration
| Service | Charges | Inclusive of VAT (BHD) |
|---|---|---|
| Set Up Fee (one time per structure) | USD 2,500 / BHD 900 | BHD 945.000 |
| Sweep Fee (monthly per sub-master relationship) | USD 150 / BHD 50 | BHD 52.500 |
| Amendment Fee (per amendment) | USD 250 / BHD 90 | BHD 94.500 |
Domestic Cash Concentration
| Service | Charges | Inclusive of VAT (BHD) |
|---|---|---|
| Set Up Fee (one time per structure) | USD 2,500 / BHD 900 | BHD 945.000 |
| Sweep Fee (monthly per sub-master relationship) | USD 100 / BHD 30 | BHD 31.500 |
| Amendment Fee (per amendment) | USD 250 / BHD 90 | BHD 94.500 |
Interest Enhancement Facility
| Service | Charges | Inclusive of VAT (BHD) |
|---|---|---|
| Set Up Fee (one time per structure) | USD 2,500 / BHD 900 | BHD 945.000 |
| Monthly Service Charge (per account) | USD 150 / BHD 50 | BHD 52.500 |
| Amendment Fee (per amendment) | USD 250 / BHD 90 | BHD 94.500 |
Commercial Credit Cards
Commercial Cards Tariff Guide
Corporate
| Description | Charges | Inclusive of VAT (BHD) |
|---|---|---|
| Annual Fee per Card | BHD 30 | BHD31.5 |
| Account set up Fee (one off) | No Charge | NA |
| Finance charges On Purchases (interest) | 2% | NA |
| Finance charge on Cash W/D (interest) | 2% | NA |
| Cash Advance Fees | 4% or BHD 10 min | 4.2% or BHD 10.5 min (Inclusive of VAT) |
| Returned Cheque fee | BHD10 | BHD10.500 |
| Card replacement fee | BHD5 | BHD5.250 |
| PIN replacement | BHD5 | BHD5.250 |
| Over Limit Fee | BHD10 | BHD10.500 |
| Late payment Fee | BHD15 | BHD15.750 |
| Copy of the sales voucher (Per Slip) | BHD25 | BHD26.250 |
| Charge for each disputed transaction which is rejected by the bank after reviewing evidence | BHD10 | BHD10.500 |
| Foreign Currency Transactions Please note that card transactions conducted in currencies other than Bahraini Dinar will be subjected to a FX processing fee |
Up to 2.5% | Up to 2.625% (Inclusive of VAT) |
| Statements (Mailed Copy) | Free | - |
| Statements (Extra Copy) | BHD10 | BHD10.500 |
Purchasing
| Description | Charges | Inclusive of VAT (BHD) |
|---|---|---|
| Annual Fee per Card | BHD 20 | BHD21 |
| Account set up Fee (one off) | No Charge | NA |
| Finance charges On Purchases (interest) | 2.25% | NA |
| Finance charge on Cash W/D (interest) | NA | NA |
| Cash Advance Fees | NA | NA |
| Returned Cheque fee | BHD10 | BHD10.500 |
| Card replacement fee | BHD5 | BHD5.25 |
| PIN replacement | BHD5 | BHD5.25 |
| Over Limit Fee | BHD10 | BHD10.500 |
| Late payment Fee | BHD 15 | BHD15.750 |
| Copy of the sales voucher (Per Slip) | BHD25 | BHD26.250 |
| Charge for each disputed transaction which is rejected by the bank after reviewing evidence | BHD 10 | BHD10.500 |
| Foreign Currency Transactions Please note that card transactions conducted in currencies other than Bahraini Dinar will be subjected to a FX processing fee |
Up to 2.5% | Up to 2.625% (Inclusive of VAT) |
| Statements (Mailed Copy) | Free | - |
| Statements (Extra Copy) | BHD10 | BHD10.500 |
Lodged
| Description | Charges | Inclusive of VAT (BHD) |
|---|---|---|
| Annual Fee per Card | BHD 5 | BHD5.25 |
| Account set up Fee (one off) | No Charge | NA |
| Finance charges On Purchases (interest) | 2.25% | NA |
| Finance charge on Cash W/D (interest) | NA | NA |
| Cash Advance Fees | NA | NA |
| Returned Cheque fee | BHD 10 | BHD10.500 |
| Card replacement fee | BHD5 | BHD5.250 |
| PIN replacement | BHD5 | BHD5.250 |
| Over Limit Fee | BHD10 | BHD10.500 |
| Late payment Fee | BHD 15 | BHD15.750 |
| Copy of the sales voucher (Per Slip) | BHD25 | BHD26.250 |
| Charge for each disputed transaction which is rejected by the bank after reviewing evidence | BHD 10 | BHD10.500 |
| Foreign Currency Transactions Please note that card transactions conducted in currencies other than Bahraini Dinar will be subjected to a FX processing fee |
Up to 2.5% | Up to 2.625% (Inclusive of VAT) |
| Statements (Mailed Copy) | Free | - |
| Statements (Extra Copy) | BHD10 | BHD10.500 |
Virtual Card
| Description | Charges | Inclusive of VAT (BHD) |
|---|---|---|
| Annual Fee per Card | No Charge | No Charge |
| Account set up Fee (one off) | No Charge | NA |
| Finance charges On Purchases (interest) | 2% | NA |
| Finance charge on Cash W/D (interest) | NA | NA |
| Cash Advance Fees | NA | NA |
| Returned Cheque fee | BHD 10 | BHD10.500 |
| Card replacement fee | NA | NA |
| PIN replacement | NA | NA |
| Over Limit Fee | BHD10 | BHD10.500 |
| Late payment Fee | BHD 15 | BHD15.750 |
| Copy of the sales voucher (Per Slip) | BHD25 | BHD26.250 |
| Charge for each disputed transaction which is rejected by the bank after reviewing evidence | BHD 10 | BHD10.500 |
| Foreign Currency Transactions Please note that card transactions conducted in currencies other than Bahraini Dinar will be subjected to a FX processing fee |
Up to 2.5% | Up to 2.625% (Inclusive of VAT) |
| Statements (Mailed Copy) | Free | - |
| Statements (Extra Copy) | BHD10 | BHD10.500 |
Smart Data Gen 2 (SDG2) Charges
| Inclusive of VAT | ||
|---|---|---|
| SDg2 Integration into ERP (Standard File Feed) | USD 1000 (One time) | USD1050 |
Express Banking
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Cheque Pick up | BHD3.000 | BHD3.150 |
| Cheque Return / Delivery | BHD1.500 / Trip | BHD1.575 |
Credit Facilities
Facility Administration
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Arrangement Fee for term committed facilities | 1% of the aggregate facilities | 1.050% (inclusive of VAT) of the aggregate Facilities to the agreed Fee |
| Facility set-up fee for increased working capital facilities | 0.25% on the additional facility | 0.263% (Inclusive of VAT) on the additional Facility |
| Annual renewal fees for working capital facilities | 0.125% of the aggregate facilities | 0.132% (inclusive of VAT) on the aggregate Facility |
| Undrawn commitment fees (utilization below 75%) | 0.5% of the unutilized portion | 0.525% (inclusive of VAT) of the unutilised portion |
| Unauthorized overdrafts (UOD)* | 18% p.a. An additional fee of BHD10 will be collected for each period of 7 Days of continuous UOD. |
BHD10.500 |
| Authorized Overdraft (OD) | The Interest rate would be applied as per the rate quoted in your 'Facility Offer Letter' with minimum interest collection of BHD 5/- upon utilization of OD facility. | N/A |
| Late payment of Loan Installment | Please refer to your loan agreement |
* The Interest rate for financing transactions would be applied as per the rates quoted in your ‘Facility Offer Letter’. In the absence of any quoted rates, the unauthorized Overdraft (UOD) Rate would be applied
Security Administration
| Inclusive of VAT (BHD) | ||
|---|---|---|
| Registration of Legal Mortgage * | BHD 50 | BHD 52.500 |
| Release of Legal Mortgage | BHD 25 | BHD 26.250 |
| Pledge of Share registration | BHD10 | BHD10.500 |
| Pledge of Share release | BHD10 | BHD10.500 |
| Release of Joint Registration of Vehicle | BHD10 | BHD10.500 |
* Fees do not include the Government charges
Guarantees & Standby Documentary Credit
Guarantees & Standby Documentary Credit 1
| Guarantees & Standby Documentary Credit - Issuance & Amendment | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| Fixed expiry Non - Financial Guarantee Opening Commission (Charge applicable per annum for minimum 3 months) | 1.875% (Minimum commission BHD 100 per year) |
1.875% (Minimum commission BHD 80 per year) |
Plus 5% VAT on the agreed fee |
| Open-ended Non - Financial Guarantee Opening Commission (Charge applicable per annum for minimum 3 months) | 2.5% (Minimum commission BHD 100 per year) |
2.5% (Minimum commission BHD 80 per year) |
Plus 5% VAT on the agreed fee |
| Fixed expiry Financial Guarantee Opening Commission (Charge applicable per annum for minimum 3 months) | 2.75% (Minimum commission BHD 100 per year) |
2.75% (Minimum commission BHD 80 per year) |
Plus 5% VAT on the agreed Fee |
| Open-ended Financial Guarantee Opening Commission (Charge applicable per annum for minimum 3 months) |
3.4% (Minimum commission BHD 100 per year) |
3.4% (Minimum commission BHD 80 per year) |
Plus 5% VAT on the agreed fee |
| Standby Documentary Credit Opening Commission (Charge applicable for minimum 3 months) | 0.155% per month or part of a month thereafter (Minimum Charge BHD 80) |
Plus 5% VAT on the agreed fee | |
| Guarantees & Standby Documentary Amendment Handling Fee | BHD 30, plus 'Opening Commission' as above for increase in value and / or extension of due date. | BHD 31.500 | |
| Fixed expiry Guarantees Cancellation prior to due date | BHD 37.700 | BHD 39.585 | |
| Processing of Non HSBC Standard Form of Guarantee2 | BHD 100 | BHD 105 | |
| Guarantees Advising | For HSBC Bank Middle East Ltd Customers | For Non-customers | Inclusive of VAT |
|---|---|---|---|
| Charges for advising correspondent bank Guarantees (including Amendments if any) | USD 150 | USD 200 | Plus 5% VAT on the agreed fee |
Notes:
1. Correspondent Bank charges (where applicable) will be recovered as per actual.
Guarantee transactions should not be re-instated or transferred to alternate accounts. In exceptional instances where these are required to be done so tariff as stated in sections 'Guarantee issuance' and 'Guarantee amendments and other expenses' would be applicable.
Reimbursement bank fee of BHD75 will be levied for all cross border remittance.
Commissions would also be applicable for the period allowed for presentation of claims until such time the Guarantee or Standby Documentary Credit is cancelled.
2. HSBC Standard is referenced in the 'Application for a Bank Guarantee or Amendment of a Bank Guarantee' available in the 'Download Center' of HSBC Bahrain website.
Trade Services (Imports)
| Import Documentary Credit1 | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| Commission for Issuance & Amendment. (Charge applicable per month or part of a month thereafter for minimum 3 months) |
0.165% Minimum Charge for issuance: BHD 60 Minimum Charge for amendment: BHD 25 |
0.165% Minimum Charge for issuance: BHD 40 Minimum Charge for amendment: BHD 25 |
Plus 5% VAT on the agreed fee |
| Amendment Processing Fee | BHD 30 | BHD 15 | Plus 5% VAT on the agreed fee |
| Issuance of Drafts of DCs prior to release of SWIFT. | BHD 20 | BHD 21 | |
| Import Bills2 | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| • Usance Commission for Import DC Bills (for the tenor of the bill) • Avalisation Commission (from acceptance to maturity) |
0.155% per month or part of a month thereafter (Minimum Charge BHD 40) |
Plus 5% VAT on the agreed fee | |
| • Import DC Bill Processing Fee • Amendment Processing Fee for all Import Bills (Collection & DC Bill) • Acceptance Processing Fee for Import Collection bills (with usance tenor) |
BHD 25 for each applicable charge | BHD 23.810 | |
| Handling Commission for Import Collection Bills3 | 0.15% of bill value (Minimum Charge BHD 25) |
Plus 5% VAT on the agreed fee | |
| Shipping Guarantees & Delivery Orders | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| Commission on Shipping Guarantees and Delivery Orders basis Invoice value | 0.125% per month till receipt of original shipping documents or receipt of airway bill documents (Minimum Charge BHD 30) |
Plus 5% VAT on the agreed fee | |
| Financing Imports4 | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| Buyer Loan Commission (Applicable for Open Account transactions only) | 0.0625% of remittance amount (Minimum Charge BHD 30) |
Plus 5% VAT on the agreed fee | |
| • Processing Fee for extension to Buyer Loan tenor • Fee for prepayment of Buyer Loan (also applicable for partial settlements) • Fee for processing Buyer Loans for Import Bills |
BHD 25 for each applicable charge |
BHD 23.810 |
|
Notes:
1. Irrevocable DC includes Standard Irrevocable DCs, Red Clause DCs, Revolving DCs and Back to Back DCs. Commission for Amendments would be applicable for increase in Documentary Credit amount and / or extension in expiry date.
2. Reimbursement fee of USD75 (or or equivalent in case of any other currency) will be deducted from the proceeds paid to the beneficiary.
Bills of Lading or any form of transport documents should not be consigned to the order of HSBC Group offices. In exceptional instances where transport documents are required to be consigned to HSBC Group office, the same must be pre-agreed with HSBC Group office.
3. Handling commission is charged regardless of whether documents are released against payment/acceptance or released free of payment.
4. Buyer Loans are represented by either or Preshipment Buyer Loan (Formerly known as Preshipment Import Finance), Post Shipment Buyer Loan (Formerly known as Clean Import Loan), Finance against own DCs (Usance DCs) and Financing against Availzed bills.
Trade Services (Exports)
| Documentary Credit Advising | For HSBC Bank Middle East Ltd Customers | For Non-customers | Inclusive of VAT |
|---|---|---|---|
| Documentary Credit Advising Commission | BHD 30 for Issuance BHD 20 for Amendments |
BHD 40 for Issuance BHD 30 for Amendments |
Plus 5% VAT on the agreed fee |
| Documentary Credit Confirmation & Financing Exports | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| Export Bills and Documentary Credit Confirmation1 | As agreed with your Relationship Manager. (Minimum charge BHD 75) |
Plus 5% VAT on the agreed fee | |
| Seller Loan Handling Fee | 0.15% of transaction amount (Minimum Charge BHD 50) |
Plus 5% VAT on the agreed fee | |
| • Processing fee on Pre Shipment Seller Loan under Documentary Credit. • Processing fee for Extension to Seller Loan tenor • Processing fee for Financing for Export Bill |
BHD 20 for each applicable charge. | BHD 21 | |
| Export Bills2 | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| Handling commission / Negotiation Commission3 | 0.15% of bill value (Minimum Charge BHD 40) |
Plus 5% VAT on the agreed fee | |
| • Acceptance Processing Fee for all bills with usance tenor • Handling fee for revised documentation |
BHD 15 for each applicable charge. | BHD 15.750 | |
| Amendment Commission4 | 0.15% of increase in bill value. (Minimum Charge BHD 15) |
Plus 5% VAT on the agreed fee | |
| Commission In Lieu of Exchange (CILE)5 | 0.25% of payment value (Minimum Charge BHD 25) |
Plus 5% VAT on the agreed fee | |
1. Prices for Confirmation of Export DCs & Export Bills Discounting (when financed under bank risk) will be based on current assessments of the default risk faced in dealing with specific banks in specific countries. Your Relationship Manager will be able to provide you with up to date prices for any particular bank in a given country.
2. In addition to our charges correspondent banks may deduct fees of their own from bill proceeds. We will identify these to you as ‘Counter party bank charges’. Reimbursement bank fee of USD 75 (or equivalent in case of any other currency) will be levied for all cross border remittance.
3. Handling commission is charged regardless of whether documents are released against payment/acceptance or released free of payment.
4. Minimum Charge would be applicable to all amendments other than increase in bill value.
5. Charged on foreign currency disbursements which do not involve converting them into local currency.
Receivable Finance
| Receivable Finance | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| Service Fee | 0.25% of the value of notified receivables | Plus 5% VAT on the agreed fee | |
| Post Dated Cheques Discounting | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
| Service Fees | 0.125% of the value of cheque | Plus 5% VAT on the agreed fee | |
| •Recalling a discounted Cheque •Replacement of a discounted Cheque |
BHD 10 for each applicable charge. | BHD 10.500 | |
Miscellaneous – Guarantees, Imports and Exports
| SWIFT / Cable / Telex | Applications received via manual application forms over the counter | Application received through HSBCNet | Inclusive of VAT |
|---|---|---|---|
| Transmission fee for Guarantees, Import DCs & Export Transfer DCs by SWIFT / Cable / Telex | BHD 35 for Issuance. BHD 20 for Amendments. |
BHD 20 for Issuance. BHD 20 for Amendments. |
plus 5% VAT on the agreed fee |
| Charges per SWIFT / Cable / Telex | BHD 12 | BHD 12.600 | |
| Discrepancy Fee for Import & Export bills | |||
| Discrepancy Fee (Recovered from Exporter) | USD 110 | USD 115.500 | |
| Discrepancy – Excess Drawing Commission for Import DC or Commission for Import DC Bill Presentation post DC expiry date. (1)
(Charge applicable per month for minimum 3 months) |
0.155% till due date of Import DC bill (Minimum Charge BHD 60) |
plus 5% VAT on the agreed fee | |
| Courier Fee | |||
| Courier Fee per document | BHD 20 | BHD 21 | |
| Unpaid or unaccepted transactions | |||
| Fees for Export & Import Bills returned unpaid, cancelled due to direct settlements, released on free of payment | BHD 40 | BHD 42 | |
|
BHD 40 per month for each applicable charge. | BHD 42 | |
Notes:
1.Handling of discrepant bill presentations involving Excess Drawing and / or Bill presentation post DC expiry dates would be subject to HSBC discretion.
These charges are applicable to all clients unless agreed otherwise.