Direct Credit Payments

For regular purchases (eg accounts payables) or payments (eg payroll and dividends) you can depend on HSBC to provide you with the solution best suited to your needs.

The true cost of making payments by cheque, over the counter or on a cash basis, is not always fully appreciated. Consider the extent to which payment related costs impact your business:

• Writing, authorising and signing cheques
• Postage
• Reconciling cheques paid
• Collecting, storing, counting and distributing cash

Direct credit payment instructions from your offshore accounts can be delivered to us via HSBCnet for processing through our global network.

Direct credit payment processing can bring the following benefits to your business:

• Save time by delivering multiple payments in a single instruction
• Reduce errors and simplify reconciliation, by integrating your back office system with our electronic banking platform
• Improve administration by tracking domestic and international payments
• Use our Beneficiary Advising service available via HSBCnet, to request HSBC to issue a payment notification to your beneficiaries when we have processed you payment instructions.

Like to know more?

• Email us to schedule a contact time to discuss your business needs.
• Call us on 1300 300 437 from 8:30am to 5:30pm, Monday to Friday