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Internet Banking:
or
Fees and Charges
General Conditions:
The Bank reserves the right to levy additional charges for services and change the fees and charges
at its sole discretion
All fees and charges will be debited in the same account currency based on the daily exchange rate
determined by the Bank
Other expenses such as stamps, postage, cable, fax charges ... etc, which are not included in this
flyer will be charged where incurred
Charges for any services not mentioned in this flyer would be available upon request
Accounts
| Current / Savings Accounts | |
| Account Opening Fee | EGP25 |
| Minimum balance | EGP5,000 or USD2,000 or equivalent in other foreign currencies |
| Monthly service charge (if account balance falls below minimum) |
EGP30 or equivalent in other foreign currencies |
| Time Deposits | |
| Minimum balance | EGP10,000 or USD2,000 or GBP1,500 or EUR2,000 |
| Saving Certificates | |
| Local currency minimum balance | EGP10,000 |
| Call Deposits | |
| Minimum balance | EGP100,000 or USD20,000 or GBP15,000 or EUR20,000 |
| Cross Border Accounts | |
| Account opening fee | USD200 |
| HSBC Money Market Fund | |
| Account opening Monthly Maintenance Fee |
Free for Personal accounts EGP200 for Corporate Accounts EGP20 for Personal accounts EGP50 for Corporate accounts |
Notes:
a) No interest is paid on Call Deposits if the balance falls below the minimum required.
b) If the minimum combined average balance is EGP10,000 or equivalent, including balances in Current / Savings, Time and Call Deposits, no monthly service charge will be applied. If the combined average balance is not maintained, individual account balances and service monthly charges apply.
Automated Teller Machine (ATM) Cards
| International and Local ATM Cards | |
| Local card annual fee | EGP25 |
| Local card replacement fee | EGP10 |
| International card annual fee | EGP60 |
| International card replacement fee | EGP30 |
| Personal Identification Number (PIN) replacement fee | EGP5 |
| Usage charges in Egypt at HSBC Bank Egypt ATMs | Free |
| Usage charges in Egypt at 123 sharing network* | EGP4 / cash withdrawal EGP2 / balance enquiry |
| Usage charges at HSBC Group network | EGP45 / cash withdrawal (Group offices may charge up to EGP60) |
| Usage charges at PLUS Network | EGP60 / cash withdrawal |
*In case 123 Sharing Network is down / not operating while withdrawing, PLUS network charges will be applied.
Debit Cards
| Fees and Charges | |
| Annual fee | EGP40 |
| Annual fee for payroll companies | EGP25 |
| Replacement fee | EGP40 |
| Personal Identification Number (PIN) replacement fee | EGP10 |
| Usage charges in Egypt at HSBC Bank Egypt ATMs | Free |
| Usage charges at VISA/PLUS network* | EGP8 |
| Usage charges at HSBC Group network | EGP8 |
Note:
*In Egypt and abroad.
Cheques
| Outward Cheques for Collection | |
| In local currency | 0.2% (Minimum EGP5 – Maximum EGP500) + postage charges |
| In foreign currency | 0.3% (Minimum EGP30 – Maximum EGP600) + postage charges |
| Inward Cheques for Collection | |
| In foreign currency | EGP30 if settled by a Demand Draft EGP250 if settled by a Telegraphic Transfer and outside Egypt |
| In local currency outside Egypt | 0.2% (min EGP10 - max EGP250) + swift charges |
| Outward Clearing Cheques | |
| In local currency | EGP5 / cheque |
| Returned cheques drawn on HSBC Bank Egypt account | EGP30 / cheque |
| Returned cheques drawn on other banks’ accounts | EGP20 / cheque |
| Stop payment of cheques | EGP50 / cheque |
Notes:
a) Stop payment of cheques is not applicable to cheques reported lost or stolen.
b) Full charges apply for return of outward cheques for collection in local/foreign currencies.
Inward Transfers
| Inward Transfers in Local Currency | |
| Credited to customer’s account with HSBC Bank Egypt | Free |
| Credited to beneficiary’s account with other banks | 0.2% (min EGP10 - max EGP250) |
| Inward Transfers in Foreign Currency | |
| Credited to customer’s account with HSBC Bank Egypt | Free |
| Credited to beneficiary’s account with other banks | 0.3% (Minimum EGP30 – Maximum EGP600) + EGP120 cable charges |
| Inward transfers for non-account holders payable over the counter | 0.2% (Minimum EGP30- Maximum EGP600) |
Outward Transfers
| Outward Telegraphic Transfers | |
| International telegraphic transfer | 0.3%* (Minimum EGP30 – Maximum EGP600) + EGP120 cable charges |
| Local transfer in local currency | 0.2%* (Minimum EGP10 – Maximum EGP200) |
| Local transfer in foreign currency | 0.3%* (Minimum EGP30 – Maximum EGP600) + EGP120 cable charges |
| Bank Drafts | |
| Issuance | 0.3%* (Minimum EGP30 – Maximum EGP600) |
| Cancellation | Free |
| Stop payment | EGP60 + EGP120 cable charges |
| Cashier Orders | |
| Issuance | 0.2%* (Minimum EGP10 - Maximum EGP400) |
| Cancellation | Free |
| Stop payment | EGP50 |
| General Charges on Outward Transfers | |
| Investigation charges | EGP120 cable charges + other bank charges if any |
Notes:
a) "Transactions with (*) are subject to 30% discount if processed through Internet Banking Service in addition to 50% discount on Cable Charges".
b) "Transactions with (*) are subject to 20% discount if processed through Phone Banking Service".
c) "Discount will be applied on tariffs percentage and on minimum fee; while maximum fee will be maintained as is".
Personal Finance & Overdrafts
| Personal Finance / Vehicle Finance | |
| Administration fees | 1.5% of finance amount (Minimum EGP150 – no maximum) |
| Early full / partial settlement fees | 2% of settled finance amount |
| Late payment fee | EGP50 / installment |
| Overdue interest | 4% above product rate on overdue amount |
| Credit life insurance | Free |
| Overdrafts | |
| Annual administration fee (against salary transfer only) | EGP100 |
| Monthly commission on highest debit balance | 1.5 per mill |
Note:
Overdraft over limit penalty will be communicated by the Bank upon customer's request.
Credit Cards
| Visa Credit Cards Annual Fees | ||
| Primary card | Visa Classic: EGP150 Visa Gold: EGP300 |
|
| Supplementary card | Visa Classic: EGP50 Visa Gold: EGP100 |
|
| MasterCard Standard Annual Fees | ||
| Joining fees | EGP25 | |
| Primary card | EGP100 | |
| Supplementary fees | EGP50 | |
| General Charges on Credit Cards | ||
| Finance charge | 1.85% / month | |
| Cash advance charge | 2% (Minimum EGP20) | |
| Card replacement fee | Visa Classic: EGP50 Visa Gold: EGP100 MasterCard: EGP50 |
|
| Personal Identification Number (PIN) issuance fee | Free | |
| Personal Identification Number (PIN) replacement fee | EGP10 | |
| Late payment fee | EGP50 | |
| Exceed credit limit charge | EGP30 | |
| Extra copy of previous months / years | EGP5 / month | |
| Statement Delivery | EGP1.5 / cycle | |
| Card delivery fees | Free | |
| Copy of transaction slip | EGP50 | |
| Optional Credit Cover insurance fee | 0.50% of the monthly outstanding balance | |
| Credit Bureau investigation fee | EGP35 | |
| Credit Bureau investigation renewal fee | EGP20 | |
| Commercial Cards | ||
| Corporate Cards | Business Cards | |
| Billing options | Central | Central & individual |
| Min monthly payment ( IN EGP) | Central 100% | Individual 10% with Min payment EGP250 Central 100% |
| Min Card Limit | 5000 | 5000 |
| Max card Limit | *100,000 | *50,000 |
| ATM cash withdrawal limit / daily | EGP6000 | EGP6000 |
| Max cash advance | 50% | 50% |
| Interest Rate | 1.85% | 1.85% |
| Cash withdrawal Commission | 2% with Min EGP30 | 2% with Min EGP30 |
| Annual Fees | 200 | 200 |
| Late payment fees | 30 | 30 |
| Over limit fees | 30 | 30 |
| Grace period | 10 days | 15 days |
| Copy of transaction slip | 30 | 30 |
| Card Validity | 3 years | 3 years |
| Replacement pin fees | EGP10 | EGP10 |
| Card replacement fees | 75 | 75 |
| ** Corporate cards & Business Max limit can increase based on exceptional cases. | ||
| Corporate Cards | Business Cards | |
| Cash Advance limit | 50% | 50% |
| Interest Rate ( monthly ) | 1.85% | 1.85% |
| Cash advance Commission | 2% with Min EGP30 | 2% with Min EGP30 |
| Annual Fees | EGP200 | EGP200 |
| Late payment fees | EGP30 | EGP30 |
| Over limit fees | EGP30 | EGP30 |
| Grace period | 5 days | 5 days |
| Copy of transaction slip | EGP30 | EGP30 |
| Card Validity | 3 years | 3 years |
| Replacement pin fees | EGP10 | EGP10 |
| Returned Check fees | EGP30 | EGP30 |
| Copy of credit card statement | EGP5 | EGP5 |
| Card replacement fees | EGP75 | EGP75 |
Other Services
| Personal Phone Banking | |
| All enquiry services | Free |
| Transactions charges | Standard charges apply |
| Personal Internet Banking | |
| Subscription fees | Free |
| Transactions charges | Standard charges apply |
| Direct Debit / Standing Instructions | |
| Setup / Amendment | EGP50 or equivalent |
| Bill Payments | |
| Mobile phones/local telephone/international telephone/fax | EGP5 / bill |
| Travellers Cheques | |
| Encashment | '1% (if account holder)' '2% (if non – account holder)' |
| Counter Cash Withdrawals | |
| Cash withdrawals for amounts below ATM limit | EGP15 |
| Emergency encashment for non-Premier customers | USD20 |
| Payroll Service | |
| Automated | Free only for accounts held with HSBC |
| Manual | EGP2 / employee / payment cycle |
| Cheque Book Issuance | |
| Small size (24 notes) | EGP50 |
| Large size (48 notes) | EGP100 |
| Safe Deposit Boxes Rent (For Personal Accounts) | |
| Small safe | EGP300 / annum |
| Medium safe | EGP500 / annum |
| Large safe | EGP750 / annum |
| Key insurance for all safe sizes | EGP1,000 / safe |
| Statement Charges | |
| Statement delivery | EGP10 / cycle |
| Extra copy of previous months / years | EGP15 / month |
| SMS Alerts | |
| SMS Alerts Service for Banking Transactions | EGP75 / annum |
| SMS Alerts Service for Credit Card Transactions | Free |
| Fawry Electronic Bill Service | |
| Vodafone bill | EGP4 |
| Vodafone top-up | Free |
| Mobinil bill | EGP4 |
| Mobinil top-up | Free |
| Etisalat bill | EGP4 |
| Etisalat top-up | Free |
| Telecom Egypt - local | EGP3 |
| Telecom Egypt - international | EGP3 |
| LINKdotNET bill | EGP4 |
| TE Data bill | EGP4 |
| Canal Electricity bill | EGP3 |
| Food Bank general donations | EGP2 |
| Food Bank Zakat Mal donations | EGP2 |
| Food Bank Odheya donations | EGP2 |
| Food Bank Fadw donations | EGP3 |
| Food Bank El Saaem donations | EGP1 |
| Food Bank Ahed El Kheir donations | EGP2 |
| 57357 Hospital donations | EGP2 |
| General Charges | |
| Power of Attorney | EGP30 |
| Issuance of account balance certificate / bank letters | EGP50 / certificate / letter |
| Retrieval / Photocopy of documents processed by HSBC Bank Egypt | EGP25 / document |
| Signature verification handling fees | EGP20 / signature |
Tariffs are effective June 2011. Applicable to HSBC Bank Egypt only.
