Charges and fees

• Personal accounts
• Debit cards
• Electronic Banking Services
• Cheques
• Transfers
• Loans and overdrafts
• Credit cards
• Other services
• General conditions

Notes for personal accounts fees and charges

No interest is paid on savings, call deposit and term deposit accounts if the balance falls below the minimum required.

Standard cheque books are issued to current account holders only.

Cheque books are not issued for foreign currency accounts; however, accounts may be accessed through HSBC ATMs, using a linked debit card, to withdraw cash. Cash will be dispensed in local currency.

Interest is paid on savings and call deposit accounts half-yearly at the end of June and December based on the daily available balance in the account.

Interest on term deposit accounts is paid on maturity.

Term deposit and call deposit accounts are available in most major currencies (details available on request).

Term deposit accounts closed before maturity will be charged a handling fee of QAR 50 and the accrued interest will not be payable. This is not applicable to term deposit funds transferred to an investment with HSBC.

The Bank accepts funds for term deposit accounts for fixed periods of 1, 3, 6, 12 months and more. Longer periods may be available on request.

The Premier service will be discontinued if the required balance is not maintained or minimum salary not transferred, for 6 months in a year.

Notes

Transactions at HSBC ATMs in AGCC member states are routed through the GCC Net ATM switch and charged accordingly.

Foreign Currency Transactions are converted into your billing currency by the card scheme (Visa or MasterCard®) or HSBC using their applicable exchange rates on the day conversion is made (which may involve a conversion to US Dollars or Hong Kong Dollars first). In addition to this exchange rate conversion, we charge a processing fee (as a percentage of the transaction amount) as set out in our Tariff of Charges.

Transactions at HSBC ATMs in some countries are routed via Visa / Mastercard and will attract a fee of QAR 15/- as applicable to such transactions

Notes for Electronic Banking Services

Funds transfer to a third party (i.e. other than your own accounts within HSBC Qatar) will require a third party limit to be set up prior to making any transaction via Phone Banking and Personal Internet Banking. In line with our increased fraud monitoring and security measures, we may choose to contact you regarding third party transactions within 2 working days to confirm their authenticity. If we are unable to contact you, we may choose to cancel such transactions. Neither the bank, nor its branches or officers are responsible for any loss, delay, error or omission as a result of such cancelled transactions.

Notes

Stop payment instructions can only be accepted in accordance with legal requirements.

Notes for inward remittances

The beneficiary of the remittance may be required to pay a charge depending on the conditions set by the remitter or his/her bank.

Foreign currency notes are subject to availability.

As required by United States Regulations, all USD remittances are routed through HSBC Bank, USA incurs a USD 25/-processing fee.

Global Transfers are serviced through offshore channel, which may entail higher exchange rate

Notes

Stop payment instructions can only be accepted in accordance with legal requirements.

Beneficiary of the remittance may be required to pay a charge depending on the conditions set by the remitter or beneficiary bank.

All out of pocket expenses and remitting / correspondence bank charges, if any, will be deducted from the proceeds of the remittance by the correspondence bank and the paying bank (‘Beneficiary’ deduct); or the correspondence bank fee of QAR 91 will be applied if the remitter chooses to bear all charges for the full payment to reach the beneficiary (charges ‘Ours’).

All cross-border payments must include the mandatory details as required by each country. Payments with incomplete information can be returned or rejected (less a fee) by the receiving bank.

As required by United States Regulations, all USD remittances are routed through HSBC Bank, USA incurs a USD 25/-processing fee.

Notes

*Not applicable for facilities granted solely against Salary

Notes

*Subject to the maximum overdraft limits as defined under the Bank’s lending policy

All listed fees apply to normal transactions. The Bank reserves the right to levy additional charges for services at its sole discretion

Other expenses, such as credit bureau, stamps, postage, cable, fax charges etc not included in this list will be charged where incurred.

Charges for any services not mentioned will be available on request.

All terms and conditions mentioned are subject to charge without notice.

The Bank's standard interest rates are on display in HSBC branches in Qatar.