“We are constantly working to enhance our customers’ experience by making our services more efficient and convenient. This reduced tariff on outward payments will benefit a significant number of HSBC’s customers using this service,” said Alan Richards, CEO of HSBC Bank Malta.
“We will continue to invest in and promote our direct channels, listen to what our customers want and wherever possible implement mutually beneficial solutions.”
The Single Euro Payments Area (SEPA) became a reality on 28th January, 2008. On that day HSBC also launched its SEPA Credit Transfer service that besides cutting down on the sometimes lengthy transaction time of international payments also brought reductions in costs on international incoming and outgoing payments.
The bank said it has a transparent and competitive schedule of payments charges with a major highlight being that all euro inward payments with a value of €10,000 or under are free of charge.
“This new competitive charge on outward payments is beneficial to customers and also contributes to fulfilling the main objective of SEPA, of making all euro domestic and cross-border electronic payments within the 27 countries of the European Union, the European Economic Area (Norway, Liechtenstein and Iceland) and Switzerland – as quick, easy and efficient as domestic payments,” the bank said.