This product summary describes HSBC's post dated cheque discounting product. The product allows customers to receive funds before the due date by allowing HSBC to discount the post dated cheque. Key benefits are receiving funds early, while risks include the bank debiting the customer's account if the cheque is dishonored upon clearing. The product requires the customer to have an HSBC account and can only be used at HSBC branches. Interest rates are competitive and determined by market rates. Customers can contact HSBC's call center for any questions or complaints regarding this receivable solution product.
This product summary describes HSBC's post dated cheque discounting product. The product allows customers to receive funds before the due date by allowing HSBC to discount the post dated cheque. Key benefits are receiving funds early, while risks include the bank debiting the customer's account if the cheque is dishonored upon clearing. The product requires the customer to have an HSBC account and can only be used at HSBC branches. Interest rates are competitive and determined by market rates. Customers can contact HSBC's call center for any questions or complaints regarding this receivable solution product.
This product summary describes HSBC's post dated cheque discounting product. The product allows customers to receive funds before the due date by allowing HSBC to discount the post dated cheque. Key benefits are receiving funds early, while risks include the bank debiting the customer's account if the cheque is dishonored upon clearing. The product requires the customer to have an HSBC account and can only be used at HSBC branches. Interest rates are competitive and determined by market rates. Customers can contact HSBC's call center for any questions or complaints regarding this receivable solution product.
Product's Definition Offering advance payment of post dated cheque by discounting Product's Benefit Cheque recipient can receive the money before due date If dishonored upon clearing, the Bank will debit the customer’s account to Product's Risk the cheque full amount Requirements: - Customer has had HSBC account - Cheque dis-counting is only available at HSBC branch Requirements and Procedure for Product Use In case of any question or complaint of relevant product, please contact: Corporate Call Centre HSBC in no. 62 21 2551-4777 during business hours, or fax to 62 21 2922-9616, e-mail businessbanking @hsbc.co.id
Expenses attached to bank Competitive interest rate according to market rate
Type of Product and Service Receivable Solution
Tenor Through due date of post dated cheque In case of any question or complaint of relevant product, please contact: Procedure for Service and Corporate Call Centre HSBC in no. 62 21 2551-4777 during business hours, Complaint or fax to 62 21 2922-9616, e-mail business-banking @hsbc.co.id