Download - Main pricing conditions
Main pricing conditions
October 1st 2013
Standard rates summaryThe prices below are exclusive of promotional offers or prices specific to certain clients.
List of services Prices in euros
Subscription for internet account management (My online bank)
free of charge
SMS alert on the account status (HSBC Alerts)
€2.10 per month, to receive 6 alerts per month or indicatively €25.20 per year
International immediate debit card (Visa Classic Card)
€37 per year
International deferred debit card (Visa Premier Card)
€130 per year
Systematic authorisation payment card Not available
Withdrawals in euros from ATMs of another bank in the eurozone with an international payment card
free of charge
Occasional external SEPA transferin the eurozone
– in a branch, by transfer €4– by internet (available from
01-02-2014) free of charge
Direct debit – direct debit set-up authorisation free of charge
– by direct debit free of charge
Brokerage Not provided for
Insurance against loss or theft of means of payment (HSBC Volassur)
€24 per year
Warning: the commissions and fees shown are in euros or percentage of euros, all taxes included and excluding taxes for the tax on share purchases (TAT)(1). The general terms and conditions described in this document pertain to the most common operations. This pricing may be changed at any time. HSBC Private Bank may receive rebates for certain investments made on behalf of its clients. We are at your disposal for any further information. Please contact us should you have any special requests.
3
4
Opening, operating and monitoring of your account
Opening, closing
Opening of current account free of charge
Current account closure free of charge
HSBC Easy, service for changing banking information
free of charge
Account statements
Monthly statement or e-statement free of charge
On request free of charge
Holding of account
Current account holding fee free of charge
Branch services
Mail domiciled at the bank €570 per year
Search fee (per document) or supplyof a duplicate
€30 + actual costs
Certification fee €30
Safe rental fee Contact us
Inheritance or gift – Filing fees and annual management fees
0.20% per year of the amount (min. €500 - max. €1,000)
Provision of cash for clients of other HSBC Group Private Bank entities
1%(minimum €50)
Deposit or withdrawal of cash (except euro)– Processing commission– Exchange commission
1.6%€37
Euro cash withdrawal in excess of €50,000 1%
Chequebook sent by registered mail Actual shipping cost
Circularisation fee (external auditors) €312
Online bankingConsultation of online account
Online banking services onwww.hsbcprivatebankfrance.com
free of charge
Services by phone: HSBC Client Relations on 0 810 17 17 17(15)
free of charge
Mobile services: HSBC application for iPhoneand Android or the HSBC mobile site on http://mobile.hsbc.fr(15)
free of charge
Alert services: HSBC Alerts
Subscription for 6 alerts €2.10 per month
Subscription for 25 alerts €5.10 per month
In excess of flat rate(2) €0.40 per SMS / €0.20 per e-mail
5
Your payment means and transactions
Cards
Annual fee
Visa Infinite Card €300
Visa Premier Card €130
Visa Business Professional Card Contact us
Immediate debit Visa Classic Card €37
Deferred debit Visa Classic Card €47
Other services
Stop order on lost or stolen card free of charge
Recreation of credit card €12
Reissue of code €9 per year
Modification of card contract €44
Transactions carried out in the eurozone and outside the eurozone with a bank card
Payments
ATM withdrawals HSBC Group network(3)(4)
ATM withdrawals from a bank other than HSBC
Branch withdrawalsVisa or MasterCard networks
Eurozone free of charge free of charge free of charge €5 per withdrawal
Outside eurozone
2.90% of the gross amount of the transaction
free of charge€3.05 + 2.90% of the gross amount of the transaction
per withdrawal €5 + 2.90% of the gross amount of the transaction
Transfers
European transfers(7)
Euro transfers issued to/from EEA countries (the 28 Member States + Iceland, Liechtenstein, Norway). Only possible fee option: “SHARE”.
Single transfer issued
Initiated from “My online bank”(5) (Internet et Mobile) free of charge
Initiated from a branch per transfer €4
Permanent transfer issued
Initiated on Internet free of charge
Initiated in a branch per transfer €1.05
International transfers
Transfer in the currency of an EEA country (except euros) issued to/from an EEA country. Only possible fee option “SHARE”. All other transfer, regardless of the currency. Possible fee options: “SHARE”, “BEN”, “OUR”.
International transfer received(16) €25
International transfers issued
Issued from “My online bank”(5)(16) (Internet and mobile) €12.50
6
Issued from a branch(16) 0.10% of a min. €25transaction
Other fees on transfers
Exchange commission €31
Correspondent costs €20
Required information missing or incorrectAdditional commission
€15
Direct debits / TIP
Setting up a direct debit free of charge
Stop order on direct debit free of charge
Cheques
Payment and receipt* of cheques on CORE
All free of charge
Payment and receipt of cheques except CORE
Transfer or collectioncommission(7)
0.10% (min. €31 max. €156)
Exchange commission(8) €31
Correspondent costs Actual costs
Issuance of a bank cheque (in euros) €13
Stop order on lost or stolen cheque or cheque book €12.50
* Value date: J (J = interbank settlement day). – On cheques and transfers, HSBC Private Bank applies the value dates that are used by the Market systems.
Irregularities and incidents
Specific transactions
Declaration to the Banque de France
For card withdrawal following a payment incident €30
For a cheque paid while banking privileges are suspended €20
Handling charge for suspension of banking privileges by another bank €30
Handling charge per third-party notification €100
Handling charge per entry €100
Administrative stop order max. €100 within the limit of 10% of the amount of the stop order
Payment incidents
Incidents on cheques
Flat rate for bounced cheque for insufficient funds(18)
For a cheque ≤ €50 €30
For a cheque > €50 €50
7
Charge for information letter prior to bouncing a cheque for insufficient funds(17) €13
Incidents on cards
Charge for a bank card cancellation for improper use €36
Direct debit incidents
Charge by unpaid direct debit(18) Direct debit amountmax. €20
Overdrafts and credits(9)
Overdraft facilities (depending on the system used by each bank)
Unauthorised overdraft Base rate(10) + 5%
Letter relative to an unauthorised debit position €20 + postage
Credits (contact us)
Administrative fee Contact us
Opening of a pledge account in favour of another bank
€156
Opening of a pledge account in favour of HSBC Private Bank
free of charge
Pledge (recording and notice of account holdings against a credit transaction)
Actual costs
Fee on the highest overdraft amount(11) 0.10%
Turnover fee(12) 0.5‰
Guarantees (contact us)
Deposits and guarantees on first demand
Annual risk commission (calculated according to the amount of the guarantee and reviewed quarterly in advance).
1.5% of the commitment (min. €365)
Administrative fee 1% (min. €300)
Annual information to guarantors €20 per commitment
Financial investments
Securities
Portfolio management contract
The management fee will be charged in arrears in December of each year and will be calculated on the basis of the portfolio valued as of 30 November of the year.
Portfolio management contract fee Maximum 2%
“Investment information and advice” service
The “Investment information and advice” service fee will be charged in arrears in December of each year and will be calculated on the basis of the portfolio valued as of 30 November of the year.
“Investment information and advice”service fee
Maximum 1%
8
Brokerage fees
Shares : – France(13) 1% (min. €16)
– Abroad(13) 1% (min. €36)
Bonds 0.50% (min. 0.13%)
Options 2% of the order (min. €104(14))
Futures 2% of the order (min. €104(14))
Subscription fee / redemption of UCITS Max. 1.50%
Custody fees
Custodial fees are paid in euros in arrears in December of each year based on the portfolio valued as of 30 November of the year.
from €0 to €150,000 €990
then from €150,001 to €500,000 0,47%
then from €500,001 to €1,000,000 0,42%
then from €1,000,001 to €5,000,000 0,33%
more than €5,000,001 0,23%
The UCITS managed by management companies which are subsidiaries of HSBC France are exempt from custody fees with the exception of UCITS whose management is delegated.
Remuneration of the bank (distributor) for the marketing of UCITS (payback of management fees on the basis of net assets)
Shares from 0.10% to 1.30%
Bonds or other debt securities from 0.15% to 1.10%
Money securities from 0.01% to 0.70%
Diversified from 0.05% to 1.35%
Structured funds: refer to the specific sales brochures for the funds in question
“Pursuant to article 314-76 of the AMF General Regulations, HSBC Private Bank is available to investors for any additional information.” These rates may change depending on market and UCITS developments.
Remuneration linked to structured products and derivatives traded over the counter
The remuneration offered by issuers within and outside the HSBC Group includes a distribution fee paid to HSBC Private Bank, which represents no more than 2.5% of the nominal issuance amount.
New business commission
HSBC Private Bank may introduce the client to a company of the HSBC Group, for the provision of investment services. In this case, HSBC Private Bank receives a commission which may be recurrent, representing 35 to 60% of the income earned by the Group company. When the client’s relationship with HSBC Private Bank is or has been initiated by a company belonging to the HSBC Group or a service provider or a company outside the HSBC Group, HSBC Private Bank will pay a commission which may be recurrent, of between 30 and 60% of the income acquired by HSBC Private Bank.
Miscellaneous transactions on securities
Securities account closure €156
Securities account holding fee €131
9
Fees for transfer of securities to outside establishments
Flat rate €94
+ per line of securities €52
Securities received from outside establishments
Per line of securities €30
Unlisted securities transactions
Per line and per transaction €192
Fees for cashing coupons on:
Domestic securities €15 per coupon
Foreign securities €52 per coupon
Costs of recovering tax on international coupons €31
Blocking / release of securities for a General Assembly
€78
Conversion of registered shares to bearer and vice versa €104
Payment of dividends as stock €31
“ISF” portfolio statement free of charge
Single tax document (IFU) free of charge
These prices are excluding tax for the tax on share purchases (TAT) (1), at the current rate of 0.2%.
HSBC Private BankHSBC France - Registered office: 103 avenue des Champs-Elysées, 75008 Paris Postal address: 109 avenue des Champs-Elysées, 75419 Paris Cedex 08 Tel +33 (0) 1 49 52 20 00 - Fax +33 (0) 1 49 52 20 99Limited company with an authorized capital of 337,189,135 euros - SIREN 775 670 284 RCS Paris - Bank and insurance brokerage company registered with the Insurance Intermediary Registry Organism under number 07 005 894 (www.ORIAS.fr) - VAT Intracommunity : FR 707 756 702 84.
www.hsbcprivatebankfrance.com
10
Our service quality: judge for yourself
Service quality is extremely important for HSBC and forms the basis of its reputation in the banking world.
However, difficulties can arise with operating your account or using the services associated with it.
If you encounter difficulties using our services, please be sure to contact your usual account manager immediately.
He or she is the best person to provide additional information or to put the matter right for you as soon as possible.
If you do not receive a satisfactory reply within what you consider to be a reasonable time frame, please do not hesitate to contact our Customer Relations Department, which will handle your questions and provide a prompt response by finding the most appropriate solution with your private bank.
Customer Relations Department 103, avenue des Champs-Elysées - 75419 Paris Cedex 08 - Toll-free 0 800 215 915 - www.hsbc.fr, rubrique “Contact us” by choosing “Complaint” as “Reason for contact”.
In last resort, you may submit your case to the HSBC France mediator, whose address appears on your account statement. They will step in to facilitate the resolution of the dispute and find the most appropriate solution.
If your dispute relates to a financial instrument or service (delegated asset management, investment advisory, UCITS, structured products, non-trading property, mutual fund investing in innovation and securities, etc.), as either a saver or an investor, you may send your request to: Mediator of the French financial markets authority (AMF) - 17 Place de la Bourse, 75082 Paris Cedex 02. For more information, please see our brochure “Committed to handling your complaints”, available in your nearest branch or on the bank’s Web site.
Resolving a dispute
11
Footnotes
(1) TAT: This tax, called the Taxe sur les Acquisitions de Titres (or TAT – tax on share purchases) at the current rate of 0.2% of the financial transaction amount, is charged on any acquisition against payment of an equity security or similar security (listed for trading on a French or foreign regulated market) in a French company whose stock market capitalisation exceeds one billion euros at 1 January of the relevant tax year.For a list of the companies whose shares are subject to the TAT, please go to www.hsbcprivatebankfrance.com. You will be charged this new tax on the aforementioned transactions within the contractual time limits, whether they are performed directly by you or under a management contract.
(2) Fee charged upon receipt of the first alert in excess of the flat rate, regardless of the chosen alert device.
(3) Only MasterCard cards are accepted in HSBC ATMs in Canada.
(4) Commissions may be charged nonetheless by the local bank in certain countries.
(5) From your secure area: up to €12,500 or its equivalent value per day. For up to one transfer per day. These caps are indicative.
(6) From 1st February 2014, the SEPA transfer replaces the European transfer. Euro transfers issued to/from a country within the SEPA zone (the 28 Member States + Iceland, Liechtenstein, Norway, Switzerland, and Monaco). Only possible fee option: “SHARE”. Same fee structure as for European transfers.
(7) Fees calculated on the amount of the transaction.
(8) The exchange rate applied, including our fees, is that in force on the day of the transaction; it is available in our branches.
(9) This does not under any circumstances constitute an offer of a loan or an overdraft.
(10) Base rate: bank base rate for HSBC. 7.40% on 01/05/13. The base rate is determined by each bank, according to the type of credit granted and taking into account the different rates on the capital markets. This rate is the basis to calculate the conventional credit rate.
(11) Applies to clients that are legal entities. Calculated on the highest overdrawn amount each month in the quarter capped at 100% of debit interest.
(12) Applies to clients that are legal entities. Calculated on total movements of capital out of the account excluding transactions within HSBC Private Bank.
(13) Over and above broker fees.
(14) Over and above clearing costs.
(15) Costs vary according to the operator. Contact your private bank in order to obtain access codes to log in to the voice server and to HSBC Mobile. HSBC Mobile: Touchscreen mobile compatible with Internet mobile. Excluding communication and subscription costs charged by your operator.
(16) Additional fees may be charged by French and/or foreign correspondents, or warranted by a specific service or following a foreign exchange transaction.
(17) Fees are not charged in case of rejection.
(18) The amount is a flat rate including all invoices issued (information fee, assistance charge, etc.).