HSBCHSBC The world's local bank

Making payments

Making payments

Streamline all your business payments

Pay cashier's orders and demand drafts Make bulk payments Special rates Access via Internet Banking
Yes 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 within 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 Omani rials 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:

  • Free Business Internet Banking - speed up your payments with a variety of online services, so you can focus more on your clients
  • 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 within HSBC Oman Free Free
Book Transfer to Other Accounts within HSBC Oman Free Free
International Telegraphic Transfer OMR 5 OMR 5
Local/Central Bank Telegraphic Transfer OMR 4.250 OMR 4.250
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 10
INWARD REMITTANCES Per Transaction
Local/Central Bank Inward Credits Free
Foreign Currency Inward Credits OMR 5
Remittances Queries  
- Payment Investigations / fate Enquiry
- Cancellation / recall of remittance funds		 OMR 10
Standing instructions (SI) Electronic 4 Manual 5
Set up Free d Free d
Amendment Free d Free d
AutoPay Out
Transaction Fee
- Issued to HSBC accounts in the 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

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, Business Internet Banking, 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
- 01:30 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
- 01:30 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 02:00 PM Credit with 7 days
Clean bills receivable (foreign currency cheque/draft clearing) All currencies Excluding USD, EUR & GBP 02:00 PM Credit with 14 days
Clean bills for collection (foreign currency cheque/draft clearing) All currencies 02:00 PM On receipt of funds from drawee bank
Transaction Currency Cut-off time Action date
Demand draft All currencies 02:00 PM Processed within 2 working days and collected by customer
Cashier's order OMR 02:00 PM Processed within 2 working days and collected by customer
Internet Banking and passwords   02:00 PM Processed within 2 working days and dispatched to the customers
Bill payment OMR 02:00 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

Ready to apply? Have us call you