Important notice

03 September 2020

Changes to Standard Interest Rate

In view of changing market conditions, please be advised that effective 15 September 2020, the standard interest rate of Peso Savings Accounts shall be 0.05% subject to applicable withholding tax, while US Dollar Savings Accounts will be non-interest bearing.

Peso Current Accounts, US Dollar Current Accounts, and Third Currency Savings Accounts shall continue to be non-interest bearing.

Interest-bearing accounts will continue to accrue interest daily and credited on a quarterly basis.

If you have any questions or clarification, please reach out to your Relationship Manager or Client Service Manager.

28 July 2020

Cessation of Service: Foreign Currency Demand Drafts

Please be advised that we will stop offering GBP Demand Drafts (effective 30th of September 2020) and USD Demand Drafts (effective 30th of November 2020), as we continue to promote digital payments for our customers. In lieu of these paper instruments, we encourage you to pay your counterparties through telegraphic transfers. GBP/USD demand drafts that have been issued before the demise date, will continue to be honoured for a period of up to six (6) months from issuance.

If you have any clarifications, please contact your Relationship Manger or Client Service Manager.

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For inquiries or complaints, you may contact The Hongkong and Shanghai Banking Corporation Limited – Philippine Branch ("HSBC Philippines") through your dedicated Relationship Manager. If you want to find out more about HSBC Philippines' customer feedback procedures, please visit hsbc.com.ph/feedback.

HSBC Philippines is an entity regulated by the Bangko Sentral ng Pilipinas (BSP). You may get in touch with the BSP Consumer Empowerment Group through their Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph; Facebook: https://www.facebook.com/BangkoSentralngPilipinas or SMS: 021582277 (for Globe subscribers only).

Deposits are insured by PDIC up to P500,000 per depositor.

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Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.