Skip to content
Important Notice   Close

Important Service Advisory: Larger Cash Withdrawals Exceeding ₱500,000.00

To our Valued Customer,

We wish to inform you that the Bangko Sentral ng Pilipinas (BSP), through Circular No. 1218, Series of 2025, has issued new regulations on large value cash transactions effective, Monday, 06 October 2025.

Large cash withdrawals exceeding ₱500,000.00 or its foreign currency equivalent shall only be made, facilitated, or transacted through cheque payment, fund transfer, direct credit to deposit accounts, and/or other form using digital platform or the HSBCnet app. The PHP500,000.00 limit maybe carried out in a single transaction or in series of transactions within one (1) banking day.

Click here to know more.

Expand

Clearing and foreign currency payments

You need strategies and solutions to help you navigate an uncharted environment
Optimise your working capital and make transactions in local and foreign currencies more efficiently by using HSBC’s payment and account solutions. With flexible transaction processing, versatile account structures, robust reporting and direct access to a suite of foreign currency services, you can validate transaction details online, receive transaction confirmation immediately and customise payment templates to reduce errors in recurring transactions.

Our clearing and foreign currency solutions

Commercial and treasury payments

Make high-value electronic international and domestic payments speedily

Documentary credit (letter of credit)

Facilitate payment under a documentary credit by matching authorisations provided by the issuing bank against claims received.

Managed payment services

Free up internal resources by outsourcing parts of your payment processing, from SWIFT connectivity to integrated back office solutions for reconciliation, filtering and liquidity.

Payment settlement services

Mitigate trade risk by settling foreign exchange transactions and ensure timely execution of payment obligations.

Insights

Explore our industry insights and banking capabilities in simpler way

woman accessing HSBCnet Help Desk on her desktop computer

Need help?

Get in touch to learn more about our banking solutions and how we can help you drive your business forward.