Priority Payments

What is a Priority Payment?

A Priority Payment is a high-value same day payment that uses both the RTGS (real – time gross settlement) clearing system to settle domestic transactions and the SWIFT network to settle foreign currency telegraphic transfers.

Features and benefits

• Straight through processing, thus reducing service lead time
• Choice of file formats
• Secure and efficient transmission channels - Business Internet Banking and HSBCnet
• Payment advices through email, fax, mail or SMS (only for transactions issued via HSBCnet)
• Single file upload facility for all types of payments
• Use of our payment instruction templates to save time and reduce errors
• Delivery of payment instructions in a variety of currencies using HSBC in most offshore markets