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Tariff and Charges

Business Internet Banking Tariff and Charges

Item

Service fee
Local Funds Transfer
General
Overseas Funds Transfer
Under KRW1,000,000
KRW7,500
Over KRW1,000,000
KRW30,000
Replacement or additional OTP generator (First two free)
KRW15,000
* Service fee for local transfer will be charged from 4th of September, 2007.

Import

Item

Import DCs
DCs Issuance
DC Issuance fee
rate quoted as per client's credit
Issuance commission (Min KRW75,000 / USD75)
DC Amendment fee - Amount increase / maturity extension
rate quoted as per client's credit
Issuance commission (Min KRW15,000 / USD15)
DC Amendment fee - others
(inc. cancellation)
per transaction
KRW15,000 (USD15)
Cable Charge
per item
KRW20,000 (USD20)
DC Transfer
per transaction
KRW100,000 (USD100)
Handling Charge in case of a refund
per transaction
KRW20,000 (USD20)
Cable Charge in case of a refund and if the beneficiary's account is outside HSBCSEL
per transaction
KRW20,000 (USD20)
Finance against own DCs (Usance DCs payable at sight)
interest charge
rate quoted as per client's credit
Funding rate (base rate + Margin)
Reimbursement/Handling fee
per transaction
USD100
Cable Charge
per item
USD20
Discrepancy Fee
Per presenation
USD 100
Non-HSBC Nego bank cost
Per presenation
USD 45
Early Repayment Charge
per early repayment event
USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Delayed interest
from maturity to the date bill settled
Delay interest rate (Funding rate + 1.5%) applied
Courier Charge
(For Hand Delivery only)
per item
KRW20,000 (USD20)
Import DC Bills Finance/Non-Finance
interest charge (Exchange comm)
rate quoted as per client's credit
Funding rate (base rate + Margin)
Reimbursement/Handling fee
per transaction
USD100
Cable Charge
per item
USD20
Discrepancy Fee
Per presenation
USD 100
Non-HSBC Nego bank cost
Per presenation
USD 45
Early Repayment Charge
per early repayment event
USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Delayed interest
from maturity to the date bill settled
Delay interest rate (Funding rate + 1.5%) applied
Courier Charge
(For Hand Delivery only)
per item
KRW20,000 (USD20)
Import Documentary Collections
Import Bills received under Collection
Collection fee (non financed)
per transaction
0.1% flat (Min USD100)
Reimbursement/Handling fee
per transaction
USD100
Cable Charge
per item
USD20
Courier Charge
(For Hand Delivery only)
per item
KRW20,000 (USD20)
Import Bills under Collection/Open Account : Financed - Buyer Risk
interest charge
rate quoted as per obligor's credit
Funding rate (base rate + Margin)
Cable Charge
per item
USD20
Reimbursement/Handling fee
per transaction
USD100
Early Repayment Charge
per early repayment event for Usance bill
USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Delayed interest
from maturity to the date bill settled
Delay interest rate (Funding rate + 1.5%) applied
Courier Charge
(For Hand Delivery only)
per item
KRW20,000 (USD20)
Shipping Guarantees
Shipping Guarantees and Delivery Orders
L/G issuance fee
per transaction
3% flat (Min KRW10,000 / USD10)
L/G handling fee
per transaction
KRW10,000 (USD10)

Export

Item

Export DCs
Export DC Advising
DC Advising
per transaction
KRW30,000 (USD30)
DC Amendment
per transaction
KRW30,000 (USD30)
Export DC Confirmation
DC Confirmation
rate quoted as per issuing bank's credit and issuing country's risk
confirmation fee rate (Min KRW200,000 / USD200)
Export DC Transfer
DC Transfer
per transaction
KRW100,000 (USD 100)
Silent Export DC Confirmation/ Commitment to Negotiation
Silent Export DC Confirmation
rate quoted as per issuing bank's credit and issuing country's risk
confirmation fee rate (Min KRW200,000 / USD200)
Commitment to Negotiation
rate quoted as per issuing bank's credit and issuing country's risk
commitment fee rate (Min KRW100,000 / USD100)
Export DC Bills
Export bills Under Sight/Usance (Non financed)
Handling Fee
per transaction
0.1% flat (Min USD100)
Cable / Courier
per item
USD20 / USD15
DC Bill Negotiations (Financed with recourse)
Interest charge
rate quoted as per client's credit
Funding rate (base rate + Margin) applied (Min USD100)
Cable / Courier
per item
USD20 / USD15
Reimbursement Charge
per transaction (netting off with overseas charge upto USD200)
USD150
Delayed interest
from maturity to the date bill settled
Delay interest rate (Funding rate + 1.5%) applied
Early Repayment Charge
per early repayment event for Usance bill
USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Non Recourse / Prompt Non-Recourse Bill Discounting
Interest charge
rate quoted as per issuing bank's credit and issuing country's risk
Funding rate (base rate + Margin) applied (Min USD100)
Cable / Courier
per item
USD20 / USD15
Reimbursement Charge
per transaction (netting off with overseas charge upto USD200)
USD150
Delayed interest
from maturity to the date bill settled (accepted bill : Issuing bank, unaccepted bill : customer)
Delay interest rate (Funding rate + 1.5%) applied
Export Documentary Collections
Export Bills Under Collection : Non-Financed
Handling Fee
per transaction
0.1% flat (Min USD100)
Cable / Courier
per item
USD20 / USD15
Export Bills Under Collections : Financed - Seller Risk
Interest charge
rate quoted as per client's credit
Funding rate (base rate + Margin) applied (Min USD100)
Cable / Courier
per item
USD20 / USD15
Reimbursement Charge
per transaction (netting off with overseas charge upto USD200)
USD150
Delayed interest
from maturity to the date bill settled
Delay interest rate (Funding rate + 1.5%) applied
Early Repayment Charge
per early repayment event for Usance bill
USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Financing against Avalised/Co-accepted Bills (Bank Risk) and Bank Acceptance Draft Discounting
Interest charge
rate quoted as per avalising/co-acceptance bank's credit and relevant country's risk
Funding rate (base rate + Margin) applied (Min USD100)
Cable / Courier
per item
USD20 / USD15
Reimbursement Charge
per transaction (netting off with overseas charge upto USD200)
USD150
Delayed interest
from maturity to the date bill settled
Delay interest rate (Funding rate + 1.5%) applied
Early Repayment Charge
per early repayment event for Usance bill
USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Forfaiting
Forfaiting
Interest charge
rate quoted as per issuing bank's credit and issuing country's risk
Funding rate (base rate + Margin) applied (Min USD100)
Cable / Courier
per item
USD20 / USD15
Reimbursement Charge
per transaction (netting off with overseas charge upto USD200)
USD150
Delayed interest
from maturity to the date bill settled (accepted bill : Issuing bank, unaccepted bill : customer)
Delay interest rate (Funding rate + 1.5%) applied

Guarantee and Standby DC

Item

Non-Financial GTE & Financial GTE & Special GTE/SDC
Performance GTE & Financial GTE & Custome/Tax GTE/SDC
GTE commission
rate quoted as per client's credit
GTE Commission rate(Min KRW100,000 / USD100))
GTE commission - amendment of amount increase/maturity extension
rate quoted as per client's credit
GTE Commission rate (Min KRW100,000 / USD100))
GTE commission - other amendment
per transaction
KRW100,000 (USD100)
Handling fee for Claim
per transaction
KRW100,000 (USD100)
Cancellation fee
per transaction
KRW100,000 (USD100)
SBDC Re issuance
Per transaction
Re issuance fee rate based on the Counter GTE/SBDC issuing bank/institutions credit. For Counter GTE/SBDC by HSBC Intra Group, HSBC Intra Group GTE Re issuance Pricing Guideline is applied.
Cable Charge
(For MT799 only)
per item
KRW20,000 (USD20)
Courier Charge
(For Hand Delivery only)
per item
KRW20,000 (USD20)
Handling Charge in case of a refund
per transaction
KRW20,000 (USD20)
Cable Charge in case of a refund and if the beneficiary's account is outside HSBCSEL
per transaction
KRW20,000 (USD20)
GTE/SDC Advising
GTE/SDC Advising
GTE/SDC Advising
per transaction
KRW30,000 (USD30)
GTE/SDC Amendment
per transaction
KRW30,000 (USD30)
SDC – Performance & SDC - Financial
SDC - Performance & SDC - Financial
SBDC commission
rate quoted as per client's credit
SBDC Commission rate (Min KRW100,000 / USD 100)
SBDC commission - amendment of amount increase/maturity extension
rate quoted as per client's credit
SBDC Commission rate (Min KRW100,000 / USD 100)
SBDC commission - other amendment
per transaction
KRW100,000 (USD100)
SBDC Re issuance
Per transaction
Re issuance fee rate based on the Counter GTE/SBDC issuing bank/institutions credit. For Counter GTE/SBDC by HSBC Intra Group, HSBC Intra Group GTE Re issuance Pricing Guideline is applied.
Cable Charge
per item
KRW20,000 (USD20)
Cancellation fee
per transaction
KRW100,000 (USD100)
Handling fee for Claim
per transaction
KRW100,000 (USD100)
Handling Charge in case of a refund
per transaction
KRW20,000 (USD20)
Cable Charge in case of a refund and if the beneficiary's account is outside HSBCSEL
per transaction
KRW20,000 (USD20)
SDC - confirmation
SDC - confirmation
SBDC confirmation fee
rate quoted as per issuing bank's credit and issuing country's risk
confirmation fee rate (Min KRW200,000 / USD200)

Trade Loan

Item

Trade Loans for Buyer
Pre-shipment Buyer Loans
Interest charge
rate quoted as per client's credit
Funding rate (base rate + Margin)
Early Repayment Charge
per early repayment event
USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Delayed interest
from maturity to the date bill settled
Delay interest rate (Funding rate + 1.5%) applied
Post-shipment Buyer Loans
Interest charge
rate quoted as per client's credit
Funding rate (base rate + Margin)
Early Repayment Charge
per early repayment event
USD100 + Early Payment rate(Cost of Fund - Value of Fund) applied
Delayed interest
from maturity to the date bill settled
Delay interest rate (Funding rate + 1.5%) applied

Basic Fee

Tariff : KRW 200K per month per entity (Corporate with bank account)

Waive till Mar2026 at any of below

  • Total deposit amount held with the Bank is not less than KRW 300 million equiv. (2024 annual average basis) or
  • Client of Subscription Pricing Package or
  • Preferential client of HSBC Korea
Benefit program subject to GBS (Global Billing System) implementation

All of below transactions triggered via electronic means including HSBCnet will be waived.

  • KRW domestic real time Payments : Up to 100 transactions per month
  • KRW ACH Payments : Up to 100 transactions per month
  • Foreign Currency domestic outgoing Payments via KFTC : Up to 5 transactions per month
  • Foreign Currency domestic incoming Payments via KFTC : Up to 5 transactions per month
The Bank should immediately post any change on tariff, waive criteria or benefit program on its website.

Account Management

Item

KRW

USD (equivalent)
Current Account
Local currency current account services
minimum balance ¹
No Minimum Balance
maintenance fee (monthly charges applied only if balance < minimum)
Not Applicable
interest rate
0.0% (regulated by BOK)
Foreign currency current account services
minimum balance
No Minimum Balance
maintenance fee (monthly charges applied only if balance < minimum)
N/A
interest rate
0.0% (regulated by BOK)
Saving Account
Local currency saving account services
minimum balance ¹
No Minimun Balance
maintenance fee (monthly charges applied only if balance < minimum)
Not Applicable
Foreign currency saving account services
minimum balance
No Minimum Balance
maintenance fee (monthly charges applied only if balance < minimum)
N/A
Exchange Rate
Selling USD to customer
middle rate + middle rate*0.6%
Buying USD from customer
middle rate - middle rate*0.6%
Selling other FCY to customer
middle rate + middle rate*0.8%
Buying other FCY from customer
middle rate - middle rate*0.8%
Cheque Related Charges
Local currency cheque related charges
credit (transaction) fee
Free
Free
stop payment charges
N/A
N/A
returned cheques charges
returned by HSBC Bank
N/A
N/A
returned to HSBC Bank (excluding any 3rd party bank charges)
N/A
N/A

Payment services (Inward & Outward) / Collection Sevices

Item

KRW

USD (equivalent)

Outward Payments
Domestic Local Currency Payments
Book transfer
Free
Free
Domestic transfer to HSBC a/c
Free
Free
Domestic trasnfer to the a/c held with other bank via HSBCnet (electronic channel)
KRW500 per transaction
High-Value payment through local RTGS (BOK wire)
KRW4,000
AutoPay via HSBCnet
to HSBC accounts
Free
Free
to other bank accounts
KRW500 per transaction
rejection fee
N/A
N/A
Cheque Outsourcing
Volume/Value driven; to be discussed
Volume/Value driven; to be discussed
Foreign Currency & International Payments
International Telegraphic Transfers
Ordering Bank’s Charge(plus clearing banks & beneficiary bank charge if any)
KRW30,000 per transaction
USD30 per transaction
USD Overseas Payment Correspondent Bank's Charge for charge option "OUR" (Surcharge)
(According to the market practices for USD overseas payment, there could still be some charge deductions from the principal amount.)
KRW22,000 per transaction
USD20 per transaction
USD Overseas Payment with OUR charge option + PPRO (Surcharge)
KRW33,000 per transaction
USD30 per transaction
Domestic FCY Outward Payment
via KFTC (realtime)
KRW10,000 / transaction
USD10.00/ transaction
via SWIFTnet
Inward Payments / Collection Services
Domestic Local Currency Receipt
Bank Receipt Deposit/Clearing fee
KRW2,000 per cheque
N/A
High-Value payment through RTGS (BOK wire)
KRW4,000 per transaction
N/A
KFTC CMS
Direct Debit
from another HSBC accounts
N/A
N/A
from other bank accounts
Success
KRW300 per transaction (3 days CMS)
KRW500 (1 day CMS)

Inquiry
KRW20 per transaction (3 days CMS)
KRW40 ( 1day CMS)

In case of Success, the inquiry fee was already included in the Success fee.
N/A
rejection fee
N/A
N/A
Virtual Account
Transaction Fee
KRW500 per transaction
USD0.50 per transaction
VNC
(Virtual Network Collection)
Monthly Fee
KRW100,000 only for monthly volume is less than 100.
USD100 only for monthly volume is less than 100.
Transaction Fee
KRW1,000 per transaction in case of more than 100 transactions per month. Monthly fee is not charged.
USD1 per transaction in case of more than 100 transactions per month. Monthly fee is not charged.
Foreign Currency & International Receipts
International Telegraphic Transfers
KRW25,000 per transaction
USD25 per transaction
Domestic FCY Inward Payment
via KFTC (realtime)
KRW10,000 / transaction
USD10.00/ transaction
via SWIFTnet
RMS(Receivable Management Service)
set up fee
KRW200,000 per account
USD200 per account
monthly fee
KRW200,000 per customer
USD200 per customer
transaction fee
Enhanced package
Reconcilition (first 1000 matched items)
KRW300,000
USD300
KRW150 per matched item
USD0.15 per matched item
KRW120 per matched item
USD0.12 per matched item
Reconcilition (10,001 or above matched items)
KRW90 per matched item
USD0.09 per matched item
* payment instruction via electronic Channel unless otherwise specified
* PPRO persue the protection of payment value but does not guarantee

Giro/Tax Payment Service

Charging Item
Tariff
Application fee
KRW50,000 (one-time for new onboarding)
Monthly service charge
KRW100,000 (recurring)

Liquidity Management

Item

KRW

USD (equivalent)

Batch Transaction History Service
KRW10,000 per month
for each account
USD10 per month for each account
Firm Banking-based KRW Sweeping service
Daily Sweep : KRW
30,000 per month for each
account (2 times a day)

Weekly/monthly Sweep :
KRW15,000 per month
for each account
Daily Sweep : USD30 per
month for each account
(2 times a day)

Weekly/monthly Sweep :
USD15 per month for each
account
Firm Banking-based FCY Sweeping service
Daily Sweep : USD30 per month for each account
Weekly/monthly Sweep : USD15 per month for each account
Domestic Cash Concentration
USD125 per month for each sub-account
Cross-border Cash Concentration
USD175 per month for each sub-account
Inter-Company Solutions (ICS)
USD50 per month for each sub-account
Interest Enhancement (IE) – Domestic / Cross-Border
USD150 per month for each participant account

Treasury Payments for Registered Foreign Institutions (RFIs).

KRW nostro account service

monthly USD 3,000 per account

KRW CLS service

monthly USD 2,000 per account

RFI’s payments from/to 3rd party bank account

USD 10 per transaction (either incoming or outgoing)

FI trade

Item

FI trade
Export DC Renegotiation
Renegotiation Fee (non-financed)
per transaction
USD100
Cable Charge
per item
USD20
DC Reim Finance
Interest
rate quoted on case by case basis
Funding rate (LIBOR + Margin)
Reimbursement Charge
per transaction
USD180 or equiv
Cable Charge
per item
USD20
Early Repayment Charge (funded)
per item
USD100 + Early Payment rate
(Cost of Fund - Value of Fund) applied
FI refinance
Interest
rate quoted on case by case basis
Funding rate (LIBOR + Margin)
Early Repayment Charge (funded)
per item
USD100 + Early Payment rate
(Cost of Fund - Value of Fund) applied

Supply Chain Finance

Item

Supply Chain Finance
Early Payment Charge
rate quoted as per client's credit
Funding rate for KRW: 3MCD + Margin, FCY for overseas vendor: LIBOR + Margin
Courier Charge
per transaction
USD15 for FCY for overseas vendor
Cable Charge
per item
USD20 for FCY for overseas vendor

Receivables Finance

Item

Receivables Finance
Interest (Financed limited recourse)
rate quoted as per client's counterparty's credit
Funding rate for KRW: 3MCD (or Koribor) + Margin, FCY : LIBOR + Margin
Interest (with-recourse)
rate quoted as per client's credit
Funding rate for KRW: 3MCD (or Koribor) + Margin, FCY : LIBOR + Margin
Cable Charge
per item
USD20 for FCY for overseas vendor

SWIFT FIN

Items

Price

One Time Set Up Fee
USD1500
Monthly Service Usage Fee
USD250
SWIFT MT900
KRW100,000 (USD100)
Per month / per account
SWIFT MT910
KRW100,000 (USD100)
Per month / per account
Bundled MT900 and MT910
KRW150,000 (USD150)
Per month / per account

Paper-based payment instruction (SmartForm)

Items

Price

Cross-border Payment
KRW50,000
Per tran
Domestic FCY payment
KRW20,000
Per tran
BOK-wire payment (above KRW1 billion)
KRW10,000
Per tran
Domestic KRW payment
KRW10,000 per KRW500m
Per tran and Per KRW500m
* You can choose payment method on Smartform

HSBCnet

Item

KRW

USD (equivalent)
Security Device (OTP)
KRW15,000
Set-up fee
KRW150,000
Monthly fee
KRW100,000

Bank Statement Delivery

Item

USD (no of customer’s accounts <= 10)

USD (no of customer’s accounts > 10)
Set-up fee
USD170
USD340
Bank statements (End of Day)
USD30
USD30
Per account, per month
Bank statements (EOD - Advanced)
USD35
USD35
Per account, per month
Bank statements (Intraday)
USD55
USD55
Per account, per month
Local Bank statements (End of Day)
KRW100,000
KRW100,000
Per account, per month
Local Bank statements (Intraday)
KRW100,000
KRW100,000
Per account, per month

HSBC Connect & File Act

Item

Price
Remark
Set-up and Integration testing fee
USD3,500
Monthly fee
USD550
Processing fee - file
USD5

Treasury API

Pricing Point

Charges (USD or local equivalent currency)

Remarks
One Time Setup Fees
USD3,500
Applicable for all APIs
Monthly Service Usage Fees
USD550
Applicable for payment & collection API category
  • Single/Bulk Payment APIs
  • Real Time APIs
  • Payment Status Enquiry APIs
  • Real time Direct Debit Authorization & Initiation APIs
  • Global Disbursement APIs
USD55 per account
Applicable for
  • Account Balance API
  • Transaction Enquiry API
(*not applicable to SWIFTgpi APIs)
Monthly API Access Fees



Applicable for all APIs, is the total number of API calls across all APIs used
USD50
1 to 5,000 API Calls
USD75
up to 10,000 API Calls
USD200
up to 50,000 API Calls
USD300
up to 200,000 API Calls
USD500
up to 500,000 API Calls
USD1,000
up to 1,000,000 API Calls
USD2,000
Above 1,000,000 API Calls

ERP Link

Item

Price

Remark
Set-up and Integration testing fee
USD5,000
Monthly fee
USD750

Global Billing TWIST Service

Item

Fees

Monthly Service Fee
KRW 12,000
per month, per TWIST file.
Onetime Set-up fees
KRW 60,000
one-time, per TWIST file

Advising Service

Item

KRW
USD (equivalent)

e-mail
KRW150 per advice
Fax
KRW500 per paper
Paper Mail
KRW1,500 per advise

Other Services

Item

KRW

USD (equivalent)

Balance certification fee
KRW5,000 per each
USD5
Banking transaction certification
KRW30,000 per each
USD30
Account transaction certification
KRW5,000 per each
USD5
Surcharge for overseas mailing : KRW 40,000 (or USD40) will be added on fee
  1. Pricing is for indication purposes only and is good for one year from the date of this schedule.
  2. All products and services which are not included in the above summary will be subject to HSBC's standard tariff in each country
  3. HSBC reserve the right to revise all terms / pricing in the event that we are not awarded the full mandate.