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Fees and charges



HSBC Corporate Services Price Guide

Important:

  • This tariff will be effective from May 2012 for 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

Account Services

Current Accounts
Monthly service charge BHD50
Call Deposits
Below minimum balance No interest
Time Deposits
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
Change of Account Title BHD5
Late Fee on Non-Renewal of Expired Account Documents (more than 30 days) BHD25 per company
Account Closure (within 6 months of opening) BHD10
Reactivation of Dormant / Unclaimed Account BHD100
Amendment of Signatories Record BHD5
Account Transaction Charges
Cash Transactions through Direct Banking Channels Free
Cash Transactions through Branch Counters BHD2 per transaction
Cheque Transactions through Direct Banking Channels Free
Cheque Transactions through Branch Counters BHD2 per transaction
Bulk Deposit / Withdrawals of coins BHD10 per transaction
Deposit / Withdrawal of foreign currency notes 1% of the transaction amount (min BHD10)
Issuance of Certificates / Statements (a)
Balance Letter BHD20
Trade & Credit Information BHD20
Initial Capital confirmation to Ministry of Commerce BHD100
Audit Confirmation BHD30
Duplicate Statements BHD5 (Up to 3 months)
BHD10 (Over 3 months history)
Retrieval of Old Record/Transaction BHD10 (Up to 3 months)
BHD15 (Over 3 months history)
Other Services
Statement reporting through SWIFT (monthly) BHD20
Mail Box facility (monthly) BHD5
Replacement Key for the Mail Box BHD25
Transaction Repair Fee BHD25

Note:
In addition to the USD, GBP & EURO foreign currency accounts, HSBC also offers accounts in major currencies (b).
For more information, please contact your nearest branch

a) deductable on issuance of the certificate
b) subject to availability


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Payments

Internal Transfer
Internal Transfer within HSBC Bahrain - Electronic Free
Internal Transfer within HSBC Bahrain - Manual BHD5
Telegraphic transfer (TT)
Cross Border Telegraphic Transfer - Electronic BHD3.75
Cross Border Telegraphic Transfer - Manual BHD20
Local/Central Bank Telegraphic Transfer - Electronic BHD3.00
Local/Central Bank Telegraphic Transfer - Manual BHD15
Correspondent bank charges BHD10
Payment Amendments BHD25
Recall of TT funds / Fate Enquiry BHD12 per cable message and Correspondent bank charges
Cashiers Order / Demand Draft
Issuance - Manual BHD10
Issuance - Electronic BHD2
Cashiers Order Cancellation / Stop Payment BHD25
Demand Draft Cancellation / Stop Payment BHD25 + Correspondent Bank charges
Standing Instruction (SI)
Set up BHD5
Amendement BHD5
If Standing Instruction failed BHD25
Salaries & Bulk Payments
E-Channels
Transaction Fee - E-Channels- HSBC Free
Transaction Fee - e-Channels- Non HSBC BHD0.400 per transaction with minimum fee of BHD30 per month
Diskette
Transaction Fee - Diskette - HSBC BHD50 per instruction
Manual (Letter)
Transaction Fee - Manual (Letter) - HSBC BHD100 per instruction
Transaction Fee - Manual (Letter) - Non HSBC BHD100 per Bank
Repair Fees
Returned Items (per item) BHD25
Payment Investigation (per request) BHD25
Payment Referral (per item) BHD25
Inward Payments
Credited to HSBC BHD account Free
Credited to a third party bank (per transaction) BHD10
Paid in the same currency to the beneficiary account
(per transaction)		 0.2% of remittance amount (Minimum BHD5 & Maximum BHD200)

Notes:

Please be advised that HSBC continues to review our tariff on an ongoing basis with a view to reducing, where possible, the cost of electronic transactions and bringing the advantages of technology to your business.

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.





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Cheques

Issuance of Cheque Book (Issued at HSBC's Discretion) BHD10
Specially designed cheque books BHD50 administrative fee plus print costs
BHD Cheques
Special Clearing BHD10 per cheque
Discounting fee BHD0.750 per cheque (Minimum BHD10) plus Interest
Foreign Currency Cheques and Cheques Drawn on Overseas Banks
Cheque sent for collection payable in Bahrain BHD5 per cheque (plus other bank charges)
Cheque sent for collection payable outside Bahrain BHD10 per cheque *
If the proceeds are credited to same currency account, BHD5 per cheque plus 0.1% (Minimum BHD5 - Maximum BHD200) *
Purchase fee 0.2% (Minimum BHD5 - Maximum BHD200), plus Postage BHD3 per destination
Returned purchased/discounted cheque handling fee BHD25 per cheque
Other Services
Returned Cheque drawn on own account, due to Insufficient Fund BHD10
Returned Cheque drawn on own account, due to Technical Reasons BHD5
Stop Payment of Cheques BHD10
HSBCnet
Set up (Accounts set up; Initial Training) Free
Box of 5 Security Devices BHD30
Monthly Service Charges BHD10
Linking additional accounts BHD5 per account
Adding System Administrator Free
Additional phone training Free
Additional on-site training BHD30
Business ATM Services
Subscription Free
Card Replacement charges BHD5
Re-issuance of PIN BHD5
Balance Inquiry
HSBC Bahrain ATMs Free
Bahrain at Benefit ATMs BHD0.200
GCC countries at GCCNet ATM BHD0.500
Internationally at HSBC ATMs on GATS network* Free
Internationally at HSBC ATMs and Non HSBC ATMs on PLUS / CIRRUS (VISA) Networks Free
Cash Withdrawals
HSBC Bahrain ATMs Free
Bahrain at Benefit ATMs BHD0.200
GCC countries at GCCNet ATMs BHD1.000
Internationally at HSBC ATMs on GATS network* BHD1
Internationally at HSBC ATMs and Non HSBC ATMs on PLUS / CIRRUS (VISA) Networks BHD2.000
Note:
* Additional correspondent/other bank's charges (if any, including HSBC outside Bahrain) may be applied.


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Commercial Credit Cards

Corporate Credit Card
Annual Fee per Card BHD30
Monthly Interest Rate 2%
Purchase Credit Card
Annual Fee per Card BHD20
Monthly Interest Rate 2.25%
Smart Data Gen2 (Online Reporting Tool)
Corporate/Purchasing Card
Monthly Fee per annum per account BHD10
Implementation Fees (one time) BHD50
Training fee (one time) BHD50
Other Charges
Card Replacement fee BHD25
Late Payment charge BHD15
Over-limit Fee BHD10
Sales Slip Copy Request BHD25 per slip
Priority Pass Charges (Per trip) BHD10 (equivalent of USD27)
Duplicate statement BHD5 (Up to 3 months)
BHD10 (Over 3 months history)
Dispute Charge where claim is NOT genuine BHD25


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Credit Facilities

Facility Administration
Arrangement Fee for term committed facilities 1% of the aggregate facilities
Facility set-up fee for increased working capital facilities 0.25% on the additional facility
Annual renewal fees for working capital facilities 0.125% of the aggregate facilities
Undrawn commitment fees (utilization below 75%) 0.5% of the unutilized portion
Unauthorized overdrafts (UOD) Interest charged at our standard UOD rate of interest (currently 18% p.a.), which is subject to change at the Bank's discretion.
An additional fee of BHD10 will be collected each 7 Days of continuous UOD.
Late payment of Loan Installment Please refer to Remarks
Security Administration
Registration of Legal Mortgage BHD100
Release of Legal Mortgage Legal Expenses and Court Fees
Pledge of Share registration BHD10
Pledge of Share release BHD10
Release of Joint Registration of Vehicle BHD10


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Guarantees

Guarantees Issuance *
Fixed expiry guarantee 1.875% per annum (minimum commission of 3 months)
Minimum charge BHD80
Open ended guarantees 2.5% per annum (minimum commission of 3 months)
Minimum charge BHD100
Processing of Non-Standard / Large Text Guarantees BHD100 in addition to the normal commission
Guarantee amendments and other expenses
Guarantee amendments BHD30 plus commission as above for increase in guarantee value or extension of period
Other charges
Local Courier fee BHD3
International Courier fee BHD20
SWIFT message for counter guarantee BHD35 for counter guarantees and BHD25 for amendments
Handling charges for claims made on behalf of our customers, on other banks BHD75
Correspondent bank charges, where applicable Will be recovered as per actual

* Guarantees will usually be issued within one working day from receipt of the application. If guarantees are required on an urgent basis, they could be processed subject to an additional fee of BHD50 per guarantee.

Notes:
1) Commission for enhancement of value or extension of a guarantee's validity will be charged on the same basis as the issuance of the original guarantee.
2) Postage, Telex, Stamp Duty and Advising Bank charges, if any, will be for the customer's account.


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Trade Services (Imports)

DC Opening Commission
Standard Irrevocable DC 0.125% per month or part of a month thereafter (minimum 3 months) 
Minimum charge BHD40
Special types of DC's
Revolving DC opening commission 0.155% per month or part of a month thereafter (minimum 3 months) 
Minimum charge BHD40
Back to Back DC opening commission 0.155% per month or part of a month thereafter (minimum 3 months)
Minimum charge BHD80
Standby DC opening commission 0.155% per month or part of a month thereafter (minimum 3 months)
Minimum charge BHD80
Charges for amending DC's after issuance
Increase the DC amount or extend the expiry date Commission payable on the increased amount or extended period according to the scale for opening DC's (minimum BHD25)
Processing fee for amendments BHD30
Processing fee for amendments received through HSBCnet BHD15
Processing and transmission fees - For all types of DCs and amendments
Processing and transmission fee for DC's by SWIFT/Mail BHD35
Processing and transmission fee for DC's by HSBC net (Internet Trade Services) BHD20
Additional charge for DC's over three pages BHD10 per additional page
Amendment processing and transmission fee SWIFT / Mail BHD20
Additional charge for DC's over three pages BHD25 per additional page
Additional charge for Attachments BHD25 (Plus Courier Charges)
Charges for usance Import DC bills
Acceptance commission (from date of bank's acceptance to maturity) 0.155% per month or part of a month thereafter
Minimum charge BHD30
SWIFT advice of acceptance BHD12
Charges for sight DC bills
Sight DC bills processing fee BHD25
Processing fee for import sight DC bill transactions received through HSBCnet BHD15
Handling charges for discrepant bills
Discrepancy fee recovered from exporter USD110
SWIFT advice of discrepancies BHD12
Additional SWIFT messages BHD12 per message
Charges for import collection bills
Handling commission (1) 0.15% of bill value
Minimum charge BHD25
Avalization of drafts Additional 0.155% per month or part of a month thereafter from acceptance to maturity
Minimum charge BHD40
SWIFT acknowledgment to remitting bank BHD12 will be charged to drawer unless specified
SWIFT advice of acceptance BHD12
Processing fee for collection bill amendments BHD15
Bills returned unpaid, cancelled due to direct settlements, released on free of payment and transferred to other banks Com of 0.25% on invoice value and minimum BHD35 
Safekeeping Charges on each discrepent document, pending Acceptance/Instruction for more than one months after receipt BHD40 or equivalent per month or part thereof deducted from the proceeds or claimed from the negotiating bank, as appropriate, except where charges are for the applicant's account
Charges for shipping guarantees, delivery orders
Commission on shipping guarantees and delivery orders (2) 0.125% of invoice value for the first month and 0.25% of the invoice value per month or part of a month on subsequent months
Minimum charge BHD30
Penalty Charges Shipping Guarantees not redeemed after one month from date of issuance will be subject to a fee of BHD10 per week until redemption.
Charges for financing import bills
Import loans under DC bills BHD15
Open account import loan commission 0.0625% of loan amount - Minimum BHD25
Finance interest (3) As per arrangements
Extension to import loan tenor BHD25
Prepayment of import loans BHD20
Charges for payment of import bills under DC and collection
Charges per SWIFT BHD12

Notes:

1. Handling commission is charged regardless of whether documents are released against payment/acceptance or released free of payment.
2. The rate of interest charged on import bills financed and loans is subject to prior arrangement and is applicable from the date of grant to maturity. Interest rates will be subject to subsequent revisions and if not settled at maturity, a penalty interest will be charged above the interest rate as advised to you, and late payment fees, as mentioned under other trade services charges, will be applicable.
3. In addition to these charges, a reimbursement fee of USD75 will be deducted from the proceeds paid to the beneficiary on import DC bills and import collection bills. Two SWIFT messages are required to make a payment in case of a DC bill; sight collection bill and three messages are required in case the bill is collection DA and a usance DC bill at a charge of BHD12 each.

*The above charges are applicable for DCs/amendments established by SWIFT. Commission on issuing DCs and amendments to increase DC value will be collected upfront until validity, subject to a minimum of three months. Commission will also be applied on variances mentioned in the DC on value.
*All other charges for special types of DC as per normal irrevocable DCs.
*When import bills are received under expired and purged DCs, an additional charge of BHD50 will be charged per bill. The import bills received in excess of the DC value will be subject to a charge of 0.125 per cent with a minimum of BHD50.



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Trade Services (Exports)

DC Advising
DC advising commission BHD30
DC amendment advising commission BHD20
Instant Electronic Advice of SWIFT DC / amendment No additional charge
Advising DC’s to non HSBC customers BHD40
Advising DC amendments to non HSBC customers BHD30
Advising DC’s / amendments through a third bank BHD35
Confirmation of export DC’s
DC confirmation commission Please refer notes (1)
Minimum charge BHD75
Assignment of proceeds
Assignment fee BHD75
Charges for transferring DC’s
Transfer of DC (2) Minimum BHD150
DC transmission fee BHD35
DC amendment transmission fee BHD20
Export bills under DC
Negotiation commission 0.15% of bill value
Minimum charge BHD40
Additional document checking fee ( for multiple invoices submitted under one document) BHD10 per additional invoice
Discrepancy fee BHD25 per set of documents
Acceptance processing fee (For usance documents) BHD15
Export bills for collection
Handling commission 0.15% of bill value
Minimum charge BHD25
Acceptance processing fee BHD15
Other charges
Courier fee (for sending documents to issuing / collecting bank) BHD20 per document
Export bill amendment fee 0.15% (of the increased value if amendment is for increasing value)
Minimum charge BHD15
SWIFT messages BHD12 per message
Bills returned unpaid, cancelled due to direct settlements, released on free of payment BHD35
Charges for financing exports
Export packing credit loan commission BHD35
Extension to packing credit loan tenor BHD20
Export bill finance charge (3) BHD25
Finance interest (4) As per arrangement
Minimum interest BHD20
Early settlement of financing BHD20
Commission in lieu of exchange (6) 0.25% of payment value (minimum BHD25)
Past due import bills and loans
Import DC / Collection sight bills not paid within one month after date of receipt BHD50 per month or part of a month thereafter
Import DC usance / Collection DA bills not accepted within one month after date of receipt BHD25 per month or part of a month  thereafter
Import DC usance bills not paid within one week from due date BHD25 per week or part of a week thereafter  
Import collection DA bills not paid within one month from due date BHD50 per month or part of a month thereafter 
Import loans not paid within one week from due date BHD10 per week or part of a week thereafter plus penalty interest as advised
Past due export bills and loans
Sight export bills not paid within one month from date of dispatch BHD25 per month or part of a month thereafter 
Usance export bills not accepted / paid within one month from dispatch / due date BHD25 per month or part of a month thereafter 
Export loans not paid within one week from due date BHD10 per week or part of a week thereafter plus penalty interest
Other miscellaneous charges (a)
Endorsement of Bills of Lading consigned to HSBC at HSBC's discretion USD150
Additional SWIFT messages (b) BHD12 per message
Additional courier fees domestic BHD3
Additional courier fees international BHD20
Trade transaction advisory services Free
Complex trade transaction advisory services As per agreement
Trade training seminars can be arranged As per agreement
Electronic Instant advices Free
Access to HSBC's worldwide network Free

Notes:

1. Prices for confirmation of export DCs will be based on current assessments of the default risk faced in dealing with specific banks in specific countries. We will be able to provide you with up-to-date prices for any particular bank in a given country. Our minimum charge for DC confirmation is BHD75.
2. Only DCs and amendments received by SWIFT will be transferred.
3. This charge will be levied in addition to the interest.
4. Rates of interest charged on export bills financed are subject to prior arrangement and are applicable from the date of financing until the reimbursement/settlement subject to a minimum period of seven days. Interest rates will be subject to further revisions.
5. Charges when crediting foreign currency accounts without involving foreign exchange.

*In addition to our charges, correspondent banks may deduct fees of their own from bill proceeds. We will identify these to you as 'other bank charges'.


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