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Making payments

Making Payments

Streamline all your business payments.

Pay cashier's orders and demand drafts Make bulk payments Special rates
Yes Yes Yes

Here's what you get:

  • Send overseas payments quickly and efficiently with international telegraphic transfers. Enjoy same-day payment processing as long as you transfer the funds between the currency cut-off times
  • Central Bank transfers - make urgent, same-day local currency payments anywhere in Oman
  • In-house transfers - make electronic money transfers instantly to anyone with an HSBC account

More great benefits:

  • Cashier's orders - make secure, low-cost payments in Rial Omani and avoid carrying large amounts of cash or personal cheques
  • Demand drafts - transfer non-urgent foreign currencies securely and swiftly, available with multiple delivery options

Plus:

  • Standing instructions - pay your recurring domestic, international or in-house payments automatically in both varied or fixed amounts
Outward Remittances 1,2,3 Electronic 4 Manual 5
Book transfer to own accounts with HSBC Oman Free Free
Book transfer to other accounts with HSBC Oman Free Free
International telegraphic transfer OMR 5 OMR 5
Local/Central Bank telegraphic transfer OMR 3 OMR 3
Additional charge to send telegraphic transfers in full (all charges to debit account/charges ‘OUR’)
Within HSBC Group b OMR 5
Outside HSBC Group c OMR 10
Cashier Order (COC)/Demand draft (DD) Electronic 4 Manual 5
COC/International DD issuance OMR 2 OMR 2
COC/International DD cancellation or stop payment OMR 5
Inward remittances Per Transaction
Local/Central Bank inward credits OMR 1
Foreign currency inward credits OMR 5
Credit to third bank OMR 10
Remittances Queries
- Payment investigations/fate enquiry
- Cancellation/Recall of remittance funds		 OMR 10
Standing instructions Electronic 4 Manual 5
Setup Free d Free d
Amendment Free d Within HSBC - OMR 1
Other banks - OMR 2
AutoPay Out
Transaction fee
Issued to HSBC accounts in Oman Free
Issued to third-party bank accounts in Oman OMR 0.500 baisas per transaction
Additional fee by channel
Electronic banking channels OMR 0.500 baisas per transaction
Diskettes OMR 0.500 baisas per transaction
Paper schedules 7 OMR 0.500 baisas per transaction

The above are the tariffs for the payments. However, should you wish to have our comprehensive Corporate Tariff Guide, kindly contact your respective account relationship manager or visit your nearest customer service units to receive a copy of the same.

1) These are HSBC Oman ("HSBC") charges only; other beneficiary bank (i.e. third-party bank or other HSBC Group office) charges may be deducted from the remitted amount.

2) The beneficiary of a remittance may be required to pay additional charges depending on the conditions set by the remitter, remitting bank or beneficiary bank.

3) The prevailing exchange rate will apply to all cross-currency transactions.

    - Value date is subject to local payment cut-off times and holidays
    - In cases where the correspondent/ intermediary charge claims are substantially higher than the above fee, HSBC reserves the right to recover the difference
    - Some beneficiary banks may deduct charges from the remitted amount. In cases where the correspondent/ intermediary charge claims are substantially higher than the above fee, HSBC reserves the right to recover the difference
    - Only through an Electronic banking channel

4) Electronic means payment instructions originating from Electronic banking channels (HSBC Connect, HSBCnet, SwiftNet, Automated Standing instruction), and Diskettes (CD or DVD disks).

5) Manual means payment instructions originating from HBSC branches (excluding Diskette drop-offs) and HSBC Telephone Banking.

6) If one diskette contains several files, each file will be charged separately.

7) Paper Schedule is a discontinued service.

8) Returned Items means when a third party bank is unable to process an HSBC payment instruction due to incomplete or incorrect payment details as issued by an HSBC customer.

9) Payment Investigation means when an HSBC customer raises a special request to HSBC for investigation of an issued payment instruction.

10) Payment Referral means when HSBC is required to refer the payment instruction to an HSBC Relationship Manager for approval or back to an HSBC customer for additional information.

11) The schedule of fees and charges may change without prior notice.

Transaction Currency Cut-off time Value date
Internal account transfers (within HSBC Oman accounts same currency) All currencies Electronic banking
- No cut-off time
HSBCnet
- 1.30 pm (Oman time)
Manual banking
- Subject to bank timing		 Electronic banking: Immediate
Standing instruction: Same day
Internal account transfers (within HSBC Oman accounts different currency) All currencies Electronic banking
- No cut-off time
HSBCnet
- 1.30 pm (Oman time)
Manual banking
- Subject to bank timing		 Electronic banking: Immediate
Standing instruction: Same day
Telegraphic Transfers to Oman and Overseas Banks All currencies Electronic banking
- OMR payments - 11.30 am and Other Currencies - 1.30 pm
HSBCnet
- OMR payments - 11.30 am and Other Currencies - 1.30 pm
Manual banking
- Subject to bank timing		 Electronic banking: As per value date [Two working days (Spot)]
Standing instruction: As per value date
Transaction Currency Cut-off time Hold value date
Clean bills receivable (foreign currency cheque/draft clearing) USD, EUR & GBP drawn on home countries 2 pm Credit with 7 days
Clean bills receivable (foreign currency cheque/draft clearing) All currencies Excluding USD, EUR & GBP 2 pm Credit with 14 days
Clean bills for collection (foreign currency cheque/draft clearing) All currencies 2 pm On receipt of funds from drawee bank
Transaction Currency Cut-off time Action date
Demand draft All currencies 2 pm Processed within 2 working days and collected by customer
Cashier's order OMR 2 pm Processed within 2 working days and collected by customer
Internet Banking and passwords   2 pm Processed within 2 working days and dispatched to the customers
Bill payment OMR 2 pm The utility company account will be credited within 2 working days

Note:
Cut-off time is based on local Oman time (GMT + 4).

Save time and reduce your business paperwork with a wide selection of payment options.

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