What types of Transfers are not permitted?
• Transfers cannot be made to a non-HSBC account. • Transfers cannot be made to Loan, mortgage or Line accounts that are billed on a combined invoice with other credit facilities. These accounts must be paid using an off-line method. • Electronic Fund Transfers cannot be made to/from disbursement accounts or cash concentration account. You’ll need to visit your local branch.
• Transfers cannot be made to a non-HSBC account. • Transfers cannot be made to Loan, mortgage or Line accounts that are billed on a combined invoice with other credit facilities. These accounts must be paid using an off-line method. • Electronic Fund Transfers cannot be made to/from disbursement accounts or cash concentration account. You’ll need to visit your local branch. back to top ACH Payments When should I use ACH Payment? ACH Payments tend to be high volume, low value types of payments to one or more third party beneficiaries. Examples of what ACH Payment should be used for include: • Payroll: ACH Payment is perfect for setting up beneficiaries (employees), and recurring payments (payroll) to each person’s account. • To pay bills: We encourage Users to set up their Bill Pays on the ACH Payment Beneficiary list and make the payments using the ACH payment function. • Any other third party payment: ACH payment can be used to pay any other domestic third party, whether it be a comp
