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HSBC Corporate Services Price Guiderefere

Important:

  • This tariff will be effective from April 2018 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

Monthly service charge BHD50

 

Call Deposits

Below minimum balance No interest

 

Time Deposits

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

Change of Account Title BHD5
Late Fee on Non-Renewal of Expired Account Documents (more than 30 days) BHD25 per company
Account Closure (within 6 months of opening) BHD10
Reactivation of Dormant / Unclaimed Account BHD100
Amendment of Signatories Record BHD5

 

Account Transaction Charges

Cash Deposit Transactions through Direct Banking Channels Free
Cheque Deposit Transactions through Direct Banking Channels Free
Bulk Deposit / Withdrawals of coins BHD10 per transaction
Deposit / Withdrawal of foreign currency notes 1% of the transaction amount (min BHD10)

 

Issuance of Certificates / Statements (a)

Balance Letter BHD20
Trade & Credit Information BHD20
Initial Capital confirmation to Ministry of Commerce BHD10
Audit Confirmation BHD30
Duplicate Statements BHD5 per month (Up to 3 months)
BHD10 per month (Over 3 months and upto 10 years history)
Retrieval of Old Record/Transaction BHD10 per month(Up to 3 months)
BHD15 per month (Over 3 months and upto 10 years history)

 

Other Services

Statement reporting through SWIFT (monthly) BHD20

 

Notes:

In addition to the USD, GBP & EURO foreign currency accounts, HSBC also offers accounts in major currencies (b).
For more information, please contact your nearest branch

a) deductable on issuance of the certificate.
b) subject to availability.

Payments

Internal Transfer

Internal Transfer within HSBC Bahrain - Electronic Free

 

Telegraphic transfer (TT)

Cross Border Telegraphic Transfer - Electronic BHD3.75
Cross Border Telegraphic Transfer - Manual BHD20
Local/Central Bank Telegraphic Transfer - RTGS BHD 0.400
Local/Central Bank Telegraphic Transfer - EFTS Salary Payments: BHD 0.005 per transaction
Non-salary Payments: BHD 0.100 per transaction
Correspondent bank charges BHD10
Payment Amendments BHD25
Recall of TT funds / Fate Enquiry BHD12 per cable message and Correspondent bank charges

 

Cashiers Order / Demand Draft

Issuance - Manual BHD10
Issuance - Electronic BHD2
Cashiers Order Cancellation / Stop Payment BHD25
Demand Draft Cancellation / Stop Payment BHD25 + Correspondent Bank charges

 

Standing Instruction (SI)

Set up BHD5
Amendment BHD5
If Standing Instruction failed BHD25

 

Salaries & Bulk Payments

E-Channels
Transaction Fee - E-Channels - HSBC Free
Transaction Fee - e-Channels- Non HSBC - EFTS Salary Payments: BHD 0.005 per transaction
Non-salary Payments: BHD 0.100 per transaction

 

Repair Fees
Returned Items (per item) BHD25
Payment Investigation (per request) BHD25
Payment Referral (per item) BHD25

 

Inward Payments
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)

 

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.

  1. Electronic: Transactions originating from HSBCnet and internet banking.
  2. Manual: Transactions originated through branches and telephone banking.
  3. The above charges are for HSBC Bahrain only. Other banks, including HSBC offices, may deduct their charges from the remittance amount.
  4. The value date is subject to the respective currency cut-off time and holidays.

Cheques

Issuance of Cheque Book (Issued at HSBC's Discretion) BHD10
Specially designed cheque books BHD50 administrative fee plus print costs

 

BHD Cheques

Discounting fee BHD0.750 per cheque (Minimum BHD10) plus Interest
Incoming Cheques and Outgoing Cheques Free
Returned Cheque drawn on own account, due to Technical Reasons BHD10
Returned Cheque due to reasons - Refer to Drawer, Not Arranged For, Represent the Cheque Again and insufficient fund BHD 14
Stop Payment of Cheques BHD10

 

Foreign Currency Cheques and Cheques Drawn on Overseas Banks

Cheque sent for collection will be only for cheques drawn on HSBC, HSBC affiliates or local banks BHD5 per cheque plus 0.1% (Minimum BHD5 - Maximum BHD200) *
* Courier charges may apply on USD cheques drawn on HSBC entities and affiliates for clearing through physical collection outside Bahrain.
Return cheque charges BHD 10 plus other bank charges if any

 

HSBCnet

Set up (Accounts set up; Initial Training) FREE
Box of 5 Security Devices BHD30
Monthly Service Charges BHD10
Monthly file upload option charge (incorporated in monthly service charge) BHD20
Linking additional accounts BHD5 per account
Adding System Administrator Free
Additional phone training Free
Additional on-site training BHD30

 

Cheque Outsourcing ( COS) / Adhoc COC / DD Issuance

Cheque Outsorcing One Time Set Up Fee BHD 20.000
Cheque Outsourcing Monthly Fee BHD 10.000
Cashier Order via COS BHD 0.750
Demand Draft via COS BHD 1.500
Company Cheque via COS BHD 0.900

 

Receivable Management Services (RMS)

RMS Set-up Fee BHD 150.00
RMS Monthly Maintenance Fee (Flat) BHD 50.00
Advising (Email) per instruction BHD 0.050
RMS Amendment Fee BHD 50.00

 

Business ATM Services

Subscription Free
Card Replacement charges BHD5
Re-issuance of PIN BHD5

 

Balance Inquiry

HSBC Bahrain ATMs Free
GCC countries at GCCNet ATM BHD0.500
Internationally at HSBC ATMs on GATS network* Free
Internationally at HSBC ATMs and Non HSBC ATMs on PLUS / CIRRUS (VISA) Networks Free

 

Cash Withdrawals

HSBC Bahrain ATMs Free
GCC countries at GCCNet ATMs BHD1.000
Internationally at HSBC ATMs on GATS network* BHD1
Internationally at HSBC ATMs and Non HSBC ATMs on PLUS / CIRRUS (VISA) Networks BHD2.000

 

Note:
* Additional correspondent/other bank's charges (if any, including HSBC outside Bahrain) may be applied.

Global Liquidity Solutions

Initial setup fee BHD 6,625
Amendment charges (Include any change to existing solution and / or termination) BHD 1,325

 

Domestic Cash Concentration

Daily sweep charges BHD 465 per account per month
Weekly sweep charges BHD 210 per account per month
Monthly sweep charges BHD 150 per account per month

 

Cross Border Cash Concentration

Daily sweep charges BHD 660 per account per month
Weekly sweep charges BHD 265 per account per month
Monthly sweep charges BHD 160 per account per month

 

Interest Enhancement Facility

Service charges BHD 400 per account per month

 

Commercial Credit Cards

Commercial Cards Tariff Guide

Description Corporate Purchasing Lodged
Annual Fee per Card BHD 30 BHD 20 BHD 5
Account set up Fee (one off) No Charge
Finance charges On Purchases 2% 2.25% 2.25%
Finance charge on Cash W/D 2% N/A N/A
Cash Advance Fees 4% or BHD 10 min N/A N/A
Returned Cheque fee BHD 10 BHD 10 BHD 10
Card replacement fee BHD 25 BHD 5 BHD 5
PIN replacement BHD 5 BHD 5 BHD 5
Over Limit Fee BHD 10 BHD 10 BHD 10
Late payment Fee BHD 15 BHD 15 BHD 15
Priority Pass Charges (Per trip) USD27 N/A N/A
Copy of the sales voucher (Per Slip) BHD 25 BHD 25 BHD 25
Charge for each disputed transaction which is rejected by the bank after reviewing evidence BHD 10
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%
Statements (Mailed Copy) Free
Statements (Extra Copy) BHD 10

 

Smart Data Gen 2 (SDG2) Charges

Annual Fee per annum per account BHD 100 per year or 10 per month
Implementation Fees BHD 50
User Registration Fees BHD 10
Training Fee BHD 50
SDg2 Integration into ERP (Standard File Feed) USD 1000 (One time)

 

Express Banking

Cheque Pick up BHD 3.000 / Trip
Cheque Return / Delivery BHD 1.500 / Trip

 

Credit Facilities

Facility Administration

Arrangement Fee for term committed facilities 1% of the aggregate facilities
Facility set-up fee for increased working capital facilities 0.25% on the additional facility
Annual renewal fees for working capital facilities 0.125% of the aggregate facilities
Undrawn commitment fees (utilization below 75%) 0.5% of the unutilized portion
Unauthorized overdrafts (UOD) Interest charged at our standard UOD rate of interest (currently 18% p.a.), which is subject to change at the Bank's discretion.
An additional fee of BHD10 will be collected each 7 Days of continuous UOD.
Late payment of Loan Installment Please refer to Remarks

 

Security Administration

Registration of Legal Mortgage BHD100
Release of Legal Mortgage Legal Expenses and Court Fees
Pledge of Share registration BHD10
Pledge of Share release BHD10
Release of Joint Registration of Vehicle BHD10

 

Guarantees

Guarantees Issuance *

Fixed expiry guarantee 1.875% per annum (minimum commission of 3 months)
Minimum charge BHD80
Open ended guarantees 2.5% per annum (minimum commission of 3 months)
Minimum charge BHD80
Processing of Non-Standard / Large Text Guarantees BHD100 in addition to the normal commission

 

Guarantee amendments and other expenses

Guarantee amendments BHD30 plus commission as above for increase in guarantee value or extension of period

 

Other charges

Local Courier fee BHD3
International Courier fee BHD20
SWIFT message for counter guarantee BHD35 for counter guarantees and BHD25 for amendments
Handling charges for claims made on behalf of our customers, on other banks BHD75
Correspondent bank charges, where applicable Will be recovered as per actual

 

* Guarantees will usually be issued within one working day from receipt of the application. If guarantees are required on an urgent basis, they could be processed subject to an additional fee of BHD50 per guarantee.

Note:
1) Commission for enhancement of value or extension of a guarantee's validity will be charged on the same basis as the issuance of the original guarantee.
2) Postage, Telex, Stamp Duty and Advising Bank charges, if any, will be for the customer's account.

Trade Services (Imports)

DC Opening Commission

Standard Irrevocable DC 0.125% per month or part of a month thereafter (minimum 3 months)
Minimum charge BHD40

 

Special types of DC's

Revolving DC opening commission 0.155% per month or part of a month thereafter (minimum 3 months)
Minimum charge BHD40
Back to Back DC opening commission 0.155% per month or part of a month thereafter (minimum 3 months)
Minimum charge BHD80
Standby DC opening commission 0.155% per month or part of a month thereafter (minimum 3 months)
Minimum charge BHD80

 

Charges for amending DC's after issuance

Increase the DC amount or extend the expiry date Commission payable on the increased amount or extended period according to the scale for opening DC's (minimum BHD25)
Processing fee for amendments BHD30
Processing fee for amendments received through HSBCnet BHD15

 

Processing and transmission fees - For all types of DCs and amendments

Processing and transmission fee for DC's by SWIFT/Mail BHD35
Processing and transmission fee for DC's by HSBC net (Internet Trade Services) BHD20
Additional charge for DC's over three pages BHD10 per additional page
Amendment processing and transmission fee SWIFT / Mail BHD20
Additional charge for DC's over three pages BHD25 per additional page
Additional charge for Attachments BHD25 (Plus Courier Charges)

 

Charges for usance Import DC bills

Acceptance commission (from date of bank's acceptance to maturity) 0.155% per month or part of a month thereafter
Minimum charge BHD30
SWIFT advice of acceptance BHD12

 

Charges for sight DC bills

Sight DC bills processing fee BHD25
Processing fee for import sight DC bill transactions received through HSBCnet BHD15

 

Handling charges for discrepant bills

Discrepancy fee recovered from exporter USD110
SWIFT advice of discrepancies BHD12
Additional SWIFT messages BHD12 per message

 

Charges for import collection bills

Handling commission (1) 0.15% of bill value
Minimum charge BHD25
Avalization of drafts Additional 0.155% per month or part of a month thereafter from acceptance to maturity
Minimum charge BHD40
SWIFT acknowledgment to remitting bank BHD12 will be charged to drawer unless specified
SWIFT advice of acceptance BHD12
Processing fee for collection bill amendments BHD15
Bills returned unpaid, cancelled due to direct settlements, released on free of payment and transferred to other banks Com of 0.25% on invoice value and minimum BHD35
Safekeeping Charges on each discrepent document, pending Acceptance/Instruction for more than one months after receipt BHD40 or equivalent per month or part thereof deducted from the proceeds or claimed from the negotiating bank, as appropriate, except where charges are for the applicant's account

 

Charges for shipping guarantees, delivery orders

Commission on shipping guarantees and delivery orders (2) 0.125% of invoice value for the first month and 0.25% of the invoice value per month or part of a month on subsequent months
Minimum charge BHD30
Penalty Charges Shipping Guarantees not redeemed after one month from date of issuance will be subject to a fee of BHD10 per week until redemption.

 

Charges for financing import bills

Import loans under DC bills BHD15
Open account import loan commission 0.0625% of loan amount - Minimum BHD25
Finance interest (3) As per arrangements
Extension to import loan tenor BHD25
Prepayment of import loans BHD20

 

Charges for payment of import bills under DC and collection

Charges per SWIFT BHD12

 

Notes:

1. Handling commission is charged regardless of whether documents are released against payment/acceptance or released free of payment.
2. The rate of interest charged on import bills financed and loans is subject to prior arrangement and is applicable from the date of grant to maturity. Interest rates will be subject to subsequent revisions and if not settled at maturity, a penalty interest will be charged above the interest rate as advised to you, and late payment fees, as mentioned under other trade services charges, will be applicable.
3. In addition to these charges, a reimbursement fee of USD75 will be deducted from the proceeds paid to the beneficiary on import DC bills and import collection bills. Two SWIFT messages are required to make a payment in case of a DC bill; sight collection bill and three messages are required in case the bill is collection DA and a usance DC bill at a charge of BHD12 each.

*The above charges are applicable for DCs/amendments established by SWIFT. Commission on issuing DCs and amendments to increase DC value will be collected upfront until validity, subject to a minimum of three months. Commission will also be applied on variances mentioned in the DC on value.
*All other charges for special types of DC as per normal irrevocable DCs.
*When import bills are received under expired and purged DCs, an additional charge of BHD50 will be charged per bill. The import bills received in excess of the DC value will be subject to a charge of 0.125 per cent with a minimum of BHD50.

Trade Services (Exports)

DC Advising

DC advising commission BHD30
DC amendment advising commission BHD20
Instant Electronic Advice of SWIFT DC / amendment No additional charge
Advising DC’s to non HSBC customers BHD40
Advising DC amendments to non HSBC customers BHD30
Advising DC’s / amendments through a third bank BHD35

 

Confirmation of export DC’s

DC confirmation commission Please refer notes (1)
Minimum charge BHD75

 

Assignment of proceeds

Assignment fee BHD75

 

Charges for transferring DC’s

Transfer of DC (2) Minimum BHD150
DC transmission fee BHD35
DC amendment transmission fee BHD20

 

Export bills under DC

Negotiation commission 0.15% of bill value
Minimum charge BHD40
Additional document checking fee ( for multiple invoices submitted under one document) BHD10 per additional invoice
Discrepancy fee BHD25 per set of documents
Acceptance processing fee (For usance documents) BHD15

 

Export bills for collection

Handling commission 0.15% of bill value
Minimum charge BHD25
Acceptance processing fee BHD15

 

Other charges

Courier fee (for sending documents to issuing / collecting bank) BHD20 per document
Export bill amendment fee 0.15% (of the increased value if amendment is for increasing value)
Minimum charge BHD15
SWIFT messages BHD12 per message
Bills returned unpaid, cancelled due to direct settlements, released on free of payment BHD35

 

Charges for financing exports

Export packing credit loan commission BHD35
Extension to packing credit loan tenor BHD20
Export bill finance charge (3) BHD25
Finance interest (4) As per arrangement
Minimum interest BHD20
Early settlement of financing BHD20
Commission in lieu of exchange (6) 0.25% of payment value (minimum BHD25)

 

Past due import bills and loans

Import DC / Collection sight bills not paid within one month after date of receipt BHD50 per month or part of a month thereafter
Import DC usance / Collection DA bills not accepted within one month after date of receipt BHD25 per month or part of a month thereafter
Import DC usance bills not paid within one week from due date BHD25 per week or part of a week thereafter
Import collection DA bills not paid within one month from due date BHD50 per month or part of a month thereafter
Import loans not paid within one week from due date BHD10 per week or part of a week thereafter plus penalty interest as advised

 

Past due export bills and loans

Sight export bills not paid within one month from date of dispatch BHD25 per month or part of a month thereafter
Usance export bills not accepted / paid within one month from dispatch / due date BHD25 per month or part of a month thereafter
Export loans not paid within one week from due date BHD10 per week or part of a week thereafter plus penalty interest

 

Other miscellaneous charges (a)

Endorsement of Bills of Lading consigned to HSBC at HSBC's discretion USD150
Additional SWIFT messages (b) BHD12 per message
Additional courier fees domestic BHD3
Additional courier fees international BHD20
Trade transaction advisory services Free
Complex trade transaction advisory services As per agreement
Trade training seminars can be arranged As per agreement
Electronic Instant advices Free
Access to HSBC's worldwide network Free

 

Notes:

1. Prices for confirmation of export DCs will be based on current assessments of the default risk faced in dealing with specific banks in specific countries. We will be able to provide you with up-to-date prices for any particular bank in a given country. Our minimum charge for DC confirmation is BHD75.
2. Only DCs and amendments received by SWIFT will be transferred.
3. This charge will be levied in addition to the interest.
4. Rates of interest charged on export bills financed are subject to prior arrangement and are applicable from the date of financing until the reimbursement/settlement subject to a minimum period of seven days. Interest rates will be subject to further revisions.
5. Charges when crediting foreign currency accounts without involving foreign exchange.

*In addition to our charges, correspondent banks may deduct fees of their own from bill proceeds. We will identify these to you as 'other bank charges'.

These charges are applicable to all clients unless agreed otherwise.

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