Here are some of the key things to know. There may be some terms you’re not familiar with when sending money internationally, such as IBAN and BIC. It can be useful to look these up before you make an international transfer to help make the process a bit easier.
When you send money to someone, they're known as the beneficiary. You'll need to have these details to hand:
your account details
beneficiary's full name and address
beneficiary's bank code – normally the BIC (Business Identifier Code)
beneficiary’s IBAN (International Bank Account Number) or account number
country or region of the beneficiary’s bank
amount of the payment
Find out more about what IBAN and BIC codes are and how to find yours.
This will differ depending on your bank and your daily limit. It’s best to check with your bank to see how much you can send.
The exchange rate will change depending on the day and time your payment is made. It’ll also depend on the bank, or company, you use to send the money. Before completing the transfer your bank should be able to tell you about the exchange rate used.
This will differ depending on your bank. For HSBC customers, payments within the European Economic Area (EEA) will normally be credited the next working day and all other payments will normally take up to 4 working days. This is subject to currency cut-off time and further checks, as, from time to time, we may need to carry out extra security checks to validate the payments.
There may be a cost for sending, or receiving the money. This will depend on your bank and the bank you’re transferring the money to.
It’s a good idea to find this out before you transfer your money to someone in the UK.
If you have an eligible HSBC account in another country or region, you may be able to use our Global View and Global Transfers service to send money to the UK. There’s no transfer fee and the real time foreign exchange rates mean you make the transfer when it suits you.