HSBC Business Payment Limits

DKLS

Aquamania wrote: »

What daily transaction limit on internet banking do they offer?

Do they even offer faster payments? I heard that outgoing payments don't usually get processed until the next working day after request.

Just checked my paperwork, mine is limited to 60k but can be negotiated up or down, any payment runs before 3:30 are done the same day, they also offer an instant service but I don't use that bit.

CKhalvashi

Aquamania wrote: »

It isn't.

The maximum limit is £100k, but the bank may set a lower limit.

http://www.business.hsbc.co.uk/1/PA_esf-ca-app-content/content/pdfs/en/DP270_managing_the_service_guide.pdf
(section 7.2, page 15)

Mine is a LOT higher than £100k, although limited to £100k in one transaction.

We're commercial, though, and have had to ask for this to be increased a number of times.

On our smaller business accounts, our limit is £75k, and that was sent into branch and actioned there and then.

CK