HSBC is the ‘world’s local bank’. This, basically, means that they have branches all over the globe. I won’t lie to you though, the money transfer service offered by HSBC is outshined by most dedicated money transfer companies out there, but HSBC does seem to be far superior to most other banks out there. Let me explain why.
One of the main reasons as to why HSBC is preferred is down to the fact that their money transfer rates are actually rather small. Whilst banks such as NatWest will charge a flat-fee of £25.00, with HSBC, you will never pay more than £4.00. One of the brilliant things, however, is the fact that HSBC has branches all over the globe. If you are sending money to one of these bank accounts, there will be no fee to pay. This brings HSBC in-line with most international money transfer companies.
The thing that lets HSBC down is the fact that their exchange rate is not the best in the world. They do tend to like to profit a little bit on it. Not quite as much as other banks, but if you are opting for HSBC over other companies out there, you will probably lose a decent chunk of change if you are transferring large sums of cash. That being said, I do admire HSBC for the fact that they are one of only a few banks out there which offers live exchange rates on its international money transfer services. This means that you will always be provided with the most up-to-date prices possible. This ensures that HSBC always offers far better exchange rates than any of the other banks out there.
HSBC deals with over one million currency transfers a year. This means that it knows exactly how the whole process is done. This ensures speedy payments. In fact, if you are transferring to another HSBC account, you will find that the payment is almost instant. In many cases, however, the payment will take a couple of days at most. Since HSBC is a large company, you can be sure that they always practice the best security when it comes to money transfer. When you work with HSBC, you can be sure that your money is in the safest possible hands.
One of the great things about HSBC is the fact that you have a multitude of different ways in which you make an international payment. You will, however, need a HSBC bank account. For simplicity, logging into your online bank account should be fine. You can make a payment in a matter of minutes via this method. However, if you prefer something a touch more traditional, you can head to your local branch or even pick up the telephone and give HSBC a call. Both methods are fairly easy and the staff incredibly knowledgeable.
If you have a HSBC bank account and wish for quick and easy payment, you can check out the international transfer services they offer. However, if you wish for a better deal, look elsewhere.
HSBC Money Transfer
8 Canada Square,
© 2017 : All Rights Reserved
Send Money Home 324 Southend Road, Wickford, Essex SS11 8QS