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Fees and Charges
General Conditions:
The Bank reserves the right to levy additional charges for services and change the fees and charges
at its sole discretion.
All fees and charges will be debited in the same account currency based on the daily exchange rate
determined by the Bank.
Other expenses such as stamps, postage, cable, fax charges ... etc, which are not included in this
flyer will be charged where incurred.
Charges for any services not mentioned in this flyer would be available upon request.
Accounts
| Current / Savings Accounts | |
| Minimum balance | EGP 5,000 or USD 2,000 or equivalent in other foreign currencies |
| Monthly service charge (if account balance falls below minimum) |
EGP 30 or equivalent in other foreign currencies |
| Time Deposits | |
| Minimum balance | EGP 10,000 or USD 2,000 or GBP 1,500 or EUR 2,000 |
| Saving Certificates | |
| Local currency minimum balance | EGP 10,000 |
| Call Deposits | |
| Minimum balance | EGP 100,000 or USD 20,000 or GBP 15,000 or EUR 20,000 |
| “STATUS” Accounts | |
| Salary based fixed monthly service charge | EGP 100 or equivalent / month |
| Balance based service charge (if account balance falls below minimum) |
EGP 100 or equivalent / month |
| Cross Border Accounts | |
| Account opening fee | USD 200 |
| "Kol Yom" Money Market Fund | |
| Setup fees | EGP 200 for corporate accounts Nil for personal accounts |
| Monthly service fees | EGP 50 for corporate accounts EGP 20 for personal accounts |
Notes:
a) No interest is paid on Call Deposits if the balance falls below the minimum required.
b) If the minimum combined average balance is EGP 10,000 or equivalent, including balances in Current / Savings Accounts, Time and Call Deposits, no monthly service charge will be applied. If the combined average balance is not maintained, individual account balances and service monthly charges apply.
Automated Teller Machine (ATM) Cards
| International & Local ATM Cards | |
| Local card annual fee | EGP 25 |
| Local card replacement fee | EGP 10 |
| International card annual fee | EGP 60 |
| International card replacement fee | EGP 30 |
| Personal Identification Number (PIN) replacement fee | EGP 5 |
| Usage charges in Egypt at HSBC Bank Egypt ATMs | Free |
| Usage charges in Egypt at 123 sharing network | EGP 4 / cash withdrawal EGP 2 / balance enquiry |
| Usage charges at HSBC Group network | EGP 45 / cash withdrawal (Group offices may charge up to EGP 60) |
| Usage charges at PLUS Network | EGP 60 / cash withdrawal |
Cheques
| Outward Cheques for Collection | |
| In local currency | 0.2% (Minimum EGP 5 – Maximum EGP 500) + postage charges |
| In foreign currency | 0.3% |
| Inward Cheques for Collection | |
| In foreign currency | EGP 30 if settled by a Demand Draft EGP 120 if settled by a Telegraphic Transfer |
| Outward Clearing Cheques | |
| In local currency | EGP 5 / cheque |
| Returned cheques drawn on HSBC Bank Egypt account | EGP 30 / cheque |
| Returned cheques drawn on other banks’ accounts | EGP 20 / cheque |
| Stop payment of cheques | EGP 30 / cheque |
Note:
Stop payment of cheques is not applicable to cheques reported lost or stolen.
Inward Transfers
| Inward Transfers in Local Currency | |
| Credited to customer’s account with HSBC Bank Egypt | Free |
| Credited to beneficiary’s account with other banks | 0.2% |
| Inward Transfers in Foreign Currency | |
| Credited to customer’s account with HSBC Bank Egypt | Free |
| Credited to beneficiary’s account with other banks | 0.3% (Minimum EGP 30 – Maximum EGP 600) + EGP 120 cable charges |
| Inward transfers for non-account holders payable over the counter | 0.2% (Minimum EGP 30- Maximum EGP 600) |
Outward Transfers
| Outward Telegraphic Transfers | |
| International telegraphic transfer | 0.3%* (Minimum EGP 30 – Maximum EGP 600) + EGP 120 cable charges |
| Local transfer in local currency | 0.2%* (Minimum EGP 10 – Maximum EGP 200) |
| Local transfer in foreign currency | 0.3%* (Minimum EGP 30 – Maximum EGP 600) + EGP 120 cable charges |
| Bank Drafts | |
| Issuance | 0.3%* (Minimum EGP 30 – Maximum EGP 600) |
| Cancellation | Free |
| Stop payment | EGP 60 + EGP 120 cable charges |
| Cashier Orders | |
| Issuance | 0.2%* (Minimum EGP 10 - Maximum EGP 400) |
| Cancellation | Free |
| Stop payment | EGP 30 |
| General Charges on Outward Transfers | |
| Investigation charges | EGP 120 cable charges + other bank charges if any |
Note:
a) "Transactions with (*) are subject to 30% discount if processed through Internet Banking Service and 20% discount if processed through Phone Banking Service".
b) "Discount will be applied on tariffs percentage and on minimum fee; while maximum fee will be maintained as is".
Personal Finance & Overdrafts
| Personal Finance / Vehicle Finance | |
| Administration fees | 1% of finance amount (Minimum EGP 300 – no maximum) |
| Early full / partial settlement fees | 2% of settled finance amount |
| Late payment fee | EGP 30 / installment |
| Overdue interest | 4% above product rate on overdue amount |
| Credit Bureau investigation fee | EGP 35 |
| Credit life insurance | Free |
| Housing Finance | |
| Application fees | EGP 150 |
| Administration fees | 1.5% of finance amount |
| Guarantee & subsidy fund fee | 0.5% / month on finance installment amount |
| Appraisal fees | Minimum EGP 1,000 |
| Overdrafts | |
| Annual administration fee (against salary transfer only) | EGP 100 |
| Monthly commission on highest debit balance | 1.5 per mill |
Note:
Overdraft over limit penalty will be communicated by the Bank upon customer’s request.
Credit Cards
| Visa Credit Cards Annual Fees | |
| Primary card | Visa Classic: EGP 150 Visa Gold: EGP 300 |
| Supplementary card | Visa Classic: EGP 50 Visa Gold: EGP 100 |
| MasterCard Standard Annual Fees | |
| Primary card | EGP 75 |
| Supplementary fees | EGP 50 |
| In-Site MasterCard Virtual Annual Fees | |
| Primary card | EGP 50 |
| Supplementary card | Free |
| General Charges on Credit Cards | |
| Finance charge | 1.85% / month |
| Cash advance charge | 2% (Minimum EGP 20) |
| Card replacement fee | Visa Classic: EGP 50 Visa Gold: EGP 100 MasterCard Standard: EGP 50 In-Site MasterCard Virtual: EGP 50 |
| Personal Identification Number (PIN) issuance fee | Free |
| Personal Identification Number (PIN) replacement fee | EGP 10 |
| Late payment fee | EGP 30 |
| Exceed credit limit charge | EGP 30 |
| Copy of Credit Card statement | EGP 5 |
| Card delivery fees | Free |
| Copy of transaction slip | EGP 30 |
| Optional Credit Cover insurance fee | 0.15% of the monthly outstanding balance |
Note:
The cash advance & Optional Credit Cover insurance is not applicable on the In-Site MasterCard Virtual card.
Other Services
| Personal Phone Banking | |
| All enquiry services | Free |
| Transactions charges | Standard charges apply |
| Personal Internet Banking | |
| Subscription fees | Free |
| Transactions charges | Standard charges apply Transactions with (*) are subject to a discount |
| Direct Debit / Standing Instructions | |
| Setup / Amendment | EGP 20 or equivalent |
| Bill Payments | |
| Local / international telephone / fax | EGP 5 / bill |
| Mobile phones | EGP 2 |
| Travellers Cheques | |
| Issuance | 1% (Minimum EGP 30 – no maximum) |
| Encashment | 1% (if account holder) 2% (if non – account holder) |
| Counter Cash Withdrawals | |
| Emergency encashment for non-Premier customers | USD 20 |
| Payroll Service | |
| Automated | Free only for accounts held with HSBC |
| Manual | EGP 2 / employee / payment cycle |
| Cheque Book Issuance | |
| Small size (24 notes) | EGP 50 / cheque book |
| Large size (48 notes) | EGP 100 / cheque book |
| Safe Deposit Boxes Rent (For Personal Accounts) | |
| Small safe | EGP 250 / annum |
| Medium safe | EGP 500 / annum |
| Large safe | EGP 750 / annum |
| Key insurance for all safe sizes | EGP 1,000 / safe paid once |
| Statement Charges | |
| Statement delivery | EGP 1.5 / cycle |
| Extra copy of current month | EGP 3 / page |
| Extra copy of previous months / years | EGP 15 for any previous statement |
| General Charges | |
| Power of Attorney | Free |
| Issuance of account balance certificate / bank letters | EGP 25 / certificate / letter |
| Retrieval / Photocopy of documents processed by HSBC Bank Egypt | EGP 25 / document |
| Signature verification handling fees | EGP 10 / signature |
| Hold mail service (Allowed only for corporate customers) | EGP 60 / quarter |
| Fax charges | Local fax: EGP 10 / message International fax: EGP 10 / page |
Note:
Cheque book issuance fees are subject to additional courier charges if any.
Tariffs are effective February 2009. Applicable to HSBC Bank Egypt only.
