Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If I deposit five cheques at an HSBC branch at the same time, does that count as one transaction or five transactions?

April 26, 2017branch cheques deposit HSBC time transaction transactions

0

Posted

If I deposit five cheques at an HSBC branch at the same time, does that count as one transaction or five transactions?

1 Answer

0

Posted

If you deposit all five cheques at a branch using one common cheque deposit slip, the deposit will be treated as one transaction (a $5.00 activity fee will be applied accordingly) and five cheque deposit items, if relevant. If your business is within the 20 free cheques deposited per month limit for the HSBC Business Direct account, deposit content fees will not be applied. However, 5 of your monthly 20 free cheque deposits will have been used. If the business has already deposited 20 cheques within the same month, your business will be charged $0.18 per each additional cheque.