Fees and charges

HSBC Corporate Services Price Guide

Important:

  • This tariff will be effective from 1 July 2022 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
  • The below fees & charges do not include Value Added Tax (VAT), and where applicable 10% VAT will be charged in addition to the stated amount.

In accordance with Decree-Law no. 48 of 2018 on VAT, if a foreign currency transaction is subject to VAT, the total amount of VAT charged for that transaction will be converted into Bahraini Dinars using the exchange rates published by the Central Bank of Bahrain. The actual Fee and Charges amount will be converted as per HSBC's internal rate.

The Central Bank of Bahrain publishes the foreign exchange rates on its website from Sunday to Thursday at 8am (local time). For any foreign currency transactions conducted on a Friday or Saturday, the Central Bank's rates published on the preceding Thursday will be applicable. In the event that the Central Bank of Bahrain does not update the exchange rates on a particular day or they are unavailable, HSBC will apply the last published rate.

Account Services

Call Deposits

Inclusive of VAT (BHD)

Below minimum balance

No interest

Negative Currency Fee

Currency of Account(s)

Monthly Negative Currency Fee*

Euro

0%**

Swiss Francs

0.25%

Danish Krone

0.10%

Norwegian Krone

0.083%

Swedish Krona

0.054%

Japanese Yen

0.083%

*Effective 1 December 2021. Exclusive of VAT and subject to change. Fee is calculated on monthly average balance using credit balances only.

**Effective 1 August 2022.


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)

Monthly service charge
(To be charged at an entity level)

BHD50

BHD55

Reactivation of Dormant / Unclaimed Account

BHD100

BHD110

Amendment of Signatories Record

BHD5

BHD5.500

Change of Account Title

BHD5

BHD5.500

Account Closure (within 6 months of opening)

BHD10

BHD11

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

BHD11

Deposit / Withdrawal of foreign currency notes

1% of the transaction amount (min BHD10)

1.10% (Inclusive of VAT) of the transaction amount (min BHD 11)

Issuance of Certificates / Statements (a)

Inclusive of VAT (BHD)

Balance Letter

BHD20

BHD22

Trade & Credit Information

BHD20

BHD22

Initial Capital confirmation to Ministry of Commerce

BHD10

BHD11

Audit Confirmation

BHD30

BHD33

Duplicate Statements

BHD5 per month (Up to 3 months)

BHD5.500

BHD10 per month (Over 3 months and upto 10 years history)

BHD11

Retrieval of Old Record/Transaction

BHD10 per month(Up to 3 months)

BHD11

BHD15 per month (Over 3 months and upto 10 years history)

BHD16.500

Other Services

Inclusive of VAT (BHD)

Statement reporting through SWIFT (monthly)

BHD20

BHD22

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

BHD5

BHD5.5

Cross Border Telegraphic Transfer - Manual

BHD20

BHD22

Local/Central Bank Telegraphic Transfer - RTGS

BHD0.400

BHD0.440

Local/Central Bank Telegraphic Transfer - EFTS

Salary Payments: BHD0.005 per transaction

BHD0.005

Non-salary Payments: BHD0.100 per transaction

BHD0.110

Correspondent bank charges

BHD10

BHD11

Payment Amendments / recall of Funds / Fate Enquiry / Payment investigation

BHD15 ( Up to 3 SWIFTS )

BHD16.500

Cashiers Order / Demand Draft

Inclusive of VAT (BHD)

Issuance - Manual

BHD10

BHD11

Issuance - Electronic

BHD2

BHD2.200

Cashiers Order Cancellation / Stop Payment

BHD25

BHD27.500

Demand Draft Cancellation / Stop Payment

BHD25 + Correspondent Bank charges

BHD27.500 + 1.10% correspondent bank Charges (Inclusive of VAT)

Standing Instruction (SI)

Inclusive of VAT (BHD)

Set up

BHD5

BHD5.500

Amendment

BHD5

BHD5.500

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: BHD0.005 per transaction

BHD0.005

Non-salary Payments: BHD0.100 per transaction

BHD0.110

Return Fees

Inclusive of VAT (BHD)

Returned Items (per item)

BHD15 Returned Items (Per item - for outward by HSBC and returned by other banks )

BHD16.500

BHD25 retunred Items (per transaction - for inward by other banks and returned by HSBC )

BHD27.500

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)

0.22% (Inclusive of VAT- Minimum BHD5.500 and Maximum BHD220)

  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

Inclusive of VAT (BHD)

Issuance of Cheque/E-Cheque Book (Issued at HSBC's Discretion)

BHD10

BHD11

Specially designed cheque books

BHD50 administrative fee plus print costs

BHD55

BHD Cheques

Inclusive of VAT (BHD)

Incoming Cheques and Outgoing Cheques

Free

-

Returned Cheque drawn on own account, due to Technical Reasons

BHD10

BHD11

Returned Cheque due to reasons - Refer to Drawer, Not Arranged For, Represent the Cheque Again and insufficient fund

BHD14

BHD15.400

Stop Payment of Cheques

BHD10 per cheque

BHD11

Foreign Currency Cheques and Cheques Drawn on Overseas Banks

Inclusive of VAT (BHD)

Cheque sent for collection

BHD10 per cheque*

BHD11

- collection will be only for cheques drawn on HSBC , HSBC affiliates or local banks

BHD5 per cheque plus 0.1% (Minimum BHD5 - Maximum BHD200)*

BHD5.500 per cheque plus 0.11% (Inclusive of VAT Minimum BHD5.500 - Maximum BHD220)

*Courier charges may apply on USD cheques drawn on HSBC entities and affiliates for clearing through physical collection outside Bahrain.

Courier Charges plus 10% VAT

Return cheque charges

BHD10 plus other bank charges if any

BHD11

HSBCnet

Inclusive of VAT (BHD)

Set up (Accounts set up; Initial Training)

Free

-

Box of 5 Security Devices

BHD30

BHD33

Monthly Service Charges

BHD10

BHD11

Monthly file upload option charge (incorporated in monthly service charge)

BHD20

BHD22

Linking additional accounts

BHD5 per account

BHD5.500

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

BHD22

Cheque Outsourcing Monthly Fee

BHD10

BHD11

Cashier Order via COS

BHD0.750

BHD0.825

Demand Draft via COS

BHD1.500

BHD1.650

Company Cheque via COS

BHD0.900

BHD0.990

Receivable Management Services (RMS)

Inclusive of VAT (BHD)

RMS Set-up Fee

BHD50

BHD55

RMS Monthly Maintenance Fee (Flat)

BHD25

BHD27.500

Advising (Email) per instruction

BHD0.050

BHD0.055

RMS Amendment Fee

BHD10

BHD11

Balance Inquiry ( ATM )

Inclusive of VAT (BHD)

HSBC Bahrain ATMs

Free

-

GCC countries at GCCNet ATM

BHD0.500

BHD0.550

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

BHD1.100

Internationally ATMs on GATS network*

BHD1

BHD1.100

Internationally at HSBC ATMs and Non HSBC ATMs on PLUS / CIRRUS (VISA) Networks

BHD2

BHD2.200

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 990

Sweep Fee (monthly per sub-master relationship)

USD 150 / BHD 50

BHD 55

Amendment Fee (per amendment)

USD 250 / BHD 90

BHD 99

Domestic Cash Concentration

Service

Charges

Inclusive of VAT (BHD)

Set Up Fee (one time per structure)

USD 2,500 / BHD 900

BHD 990

Sweep Fee (monthly per sub-master relationship)

USD 100 / BHD 30

BHD 33

Amendment Fee (per amendment)

USD 250 / BHD 90

BHD 99

Interest Enhancement Facility

Service

Charges

Inclusive of VAT (BHD)

Set Up Fee (one time per structure)

USD 2,500 / BHD 900

BHD 990

Monthly Service Charge (per account)

USD 150 / BHD 50

BHD 55

Amendment Fee (per amendment)

USD 250 / BHD 90

BHD 99

Commercial Credit Cards

Commercial Cards Tariff Guide

Corporate

Description

Charges

Inclusive of VAT (BHD)

Annual Fee per Card

BHD 30

BHD33

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

4.4% or BHD 11 min (Inclusive of VAT)

Returned Cheque fee

BHD10

BHD11

Card replacement fee

BHD5

BHD5.500

PIN replacement

BHD5

BHD5.500

Over Limit Fee

BHD10

BHD11

Late payment Fee

BHD15

BHD16.500

Copy of the sales voucher (Per Slip)

BHD25

BHD27.500

Charge for each disputed transaction which is rejected by the bank after reviewing evidence

BHD10

BHD11

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 2.75% (Inclusive of VAT)

Statements (Mailed Copy)

Free

-

Statements (Extra Copy)

BHD10

BHD11

Purchasing

Description

Charges

Inclusive of VAT (BHD)

Annual Fee per Card

BHD 20

BHD22

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

BHD11

Card replacement fee

BHD5

BHD5.500

PIN replacement

BHD5

BHD5.500

Over Limit Fee

BHD10

BHD11

Late payment Fee

BHD 15

BHD16.500

Copy of the sales voucher (Per Slip)

BHD25

BHD27.500

Charge for each disputed transaction which is rejected by the bank after reviewing evidence

BHD 10

BHD11

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 2.75% (Inclusive of VAT)

Statements (Mailed Copy)

Free

-

Statements (Extra Copy)

BHD10

BHD11

Lodged

Description

Charges

Inclusive of VAT (BHD)

Annual Fee per Card

BHD 5

BHD5.500

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

BHD11

Card replacement fee

BHD5

BHD5.500

PIN replacement

BHD5

BHD5.500

Over Limit Fee

BHD10

BHD11

Late payment Fee

BHD 15

BHD16.500

Copy of the sales voucher (Per Slip)

BHD25

BHD27.500

Charge for each disputed transaction which is rejected by the bank after reviewing evidence

BHD 10

BHD11

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 2.75% (Inclusive of VAT)

Statements (Mailed Copy)

Free

-

Statements (Extra Copy)

BHD10

BHD11

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

BHD11

Card replacement fee

NA

NA

PIN replacement

NA

NA

Over Limit Fee

BHD10

BHD11

Late payment Fee

BHD 15

BHD16.500

Copy of the sales voucher (Per Slip)

BHD25

BHD27.500

Charge for each disputed transaction which is rejected by the bank after reviewing evidence

BHD 10

BHD11

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 2.75% (Inclusive of VAT)

Statements (Mailed Copy)

Free

-

Statements (Extra Copy)

BHD10

BHD11

Smart Data Gen 2 (SDG2) Charges

Inclusive of VAT

SDg2 Integration into ERP (Standard File Feed)

USD 1000 (One time)

USD 1,100

Express Banking

Inclusive of VAT (BHD)

Cheque Pick up

BHD3

BHD3.300

Cheque Return / Delivery

BHD1.500 / Trip

BHD1.650

Credit Facilities

Facility Administration

Inclusive of VAT (BHD)

Facility Charges: For Arrangement or Set-up Fees for all types of facilities, annual renewal fees, undrawn commitment fees and any other facility fees or charges.

Please refer to the underlying Facility documentation.

10% over the Facility Charges to be charged as Value Added Tax

Unauthorized overdrafts (UOD)*

18% p.a.
An additional fee of BHD10 will be collected for each period of 7 Days of continuous UOD.

BHD11

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

Security Administration

Inclusive of VAT (BHD)

Registration of Legal Mortgage *

BHD 50

BHD 55

Release of Legal Mortgage

BHD 25

BHD 27.500

Pledge of Share registration

BHD10

BHD11

Pledge of Share release

BHD10

BHD11

Release of Joint Registration of Vehicle

BHD10

BHD11

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)

1.88%
(Minimum commission BHD 100 per year)

1.88%
(Minimum commission BHD 80 per year)

Plus 10% VAT on the agreed fee

Open-ended Non - Financial Guarantee Opening Commission (Charge applicable per annum for minimum 3 months)

2.50%
(Minimum commission BHD 100 per year)

2.50%
(Minimum commission BHD 80 per year)

Plus 10% 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 10% VAT on the agreed Fee

Open-ended Financial Guarantee Opening Commission
(Charge applicable per annum for minimum 3 months)

3.40%
(Minimum commission BHD 100 per year)

3.40%
(Minimum commission BHD 80 per year)

Plus 10% 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 10% 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 33

Fixed expiry Guarantees Cancellation prior to due date

BHD 37.700

BHD 41.470

Processing of Non HSBC Standard Form of Guarantee2

BHD 100

BHD 110

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 10% VAT on the agreed fee

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)

0.17%
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 10% VAT on the agreed fee

Amendment Processing Fee

BHD 30

BHD 15

Plus 10% VAT on the agreed fee

Issuance of Drafts of DCs prior to release of SWIFT.

BHD20

BHD22

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 10% 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 27.500

Handling Commission for Import Collection Bills3

0.15% of bill value
(Minimum Charge BHD 25)

Plus 10% 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 10% 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 10% 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 27.500

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 10% 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 10% VAT on the agreed fee

Seller Loan Handling Fee

0.15% of transaction amount(Minimum Charge BHD 50)

Plus 10% 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 22

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 10% 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 16.500

Amendment Commission4

0.15% of increase in bill value. (Minimum Charge BHD 15)

Plus 10% VAT on the agreed fee

Commission In Lieu of Exchange (CILE)5

0.25% of payment value (Minimum Charge BHD 25)

Plus 10% VAT on the agreed fee

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 10% 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 10% VAT on the agreed fee

•Recalling a discounted Cheque
•Replacement of a discounted Cheque

BHD 10 for each applicable charge.

BHD 11

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 10% VAT on the agreed fee

Charges per SWIFT / Cable / Telex

BHD 12

BHD 13.200

Discrepancy Fee for Import & Export bills

Discrepancy Fee (Recovered from Exporter)

USD 110

USD 121

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 10% VAT on the agreed fee

Courier Fee

Courier Fee per document

BHD 20

BHD 22

Unpaid or unaccepted transactions

Fees for Export & Import Bills returned unpaid, cancelled due to direct settlements, released on free of payment

BHD 40

BHD 44

  • Fees for Export & Import bills unpaid for more than one month from due date or sight (as per tenor)
  • Fees for Export & Import bills unaccepted for more than one month from presentation date
  • Fees for Buyer & Seller Loan unpaid for more than one month from due date.
  • Fees for Shipping Guarantee & Delivery Order outstanding for more than one month from issuance date.
  • Fees for Export & Import Bills returned unpaid, cancelled due to direct settlements, released on free of payment

BHD 40 per month for each applicable charge.

BHD 44

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