More and more business is now conducted with less time spent handling cash. Electronic processes allow greater convenience for you and your customers. They permit you to see cleared funds before releasing goods or services. This results in your employees spending less time carrying out routine banking.
Payments are electronically transmitted to HSBC via SWIFT. All you need to do is ensure that you have provided the sender with your full banking details and have asked them to send you an electronic payment.
By accessing your bank accounts through HSBCnet, you can
See balances and cleared funds
View statements
See items going through your accounts
Export your bank balances and statements to assist with reconciliation by your general ledger systems