Posted by
axptguy38
18 yrs ago
At HSBC this is free within the bank. You can even do it at an ATM. Not sure between banks.
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Depends where the 3rd party account is. HSBC and Hang Seng have their own network so transactions between the two are free. Pretty much all the other banks are on the Jetco network and transactions between Jetco banks are free. However transfers between Jetco banks and HSBC/HS networks incur costs.......
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sxc
18 yrs ago
"Depends where the 3rd party account is. HSBC and Hang Seng have their own network so transactions between the two are free. Pretty much all the other banks are on the Jetco network and transactions between Jetco banks are free. However transfers between Jetco banks and HSBC/HS networks incur costs.......
"
Is this true? I think there are still transfer fees if I do an online transfer between say Standard Chartered and Citibank.
Or if you do it at ATM it is free?
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sxc
18 yrs ago
By the way this is one of my biggest beefs about banking in HK. It is free to draw and eposit cheques. But to do an online transfer you get charged! Surely it costs the bank more to process cheques, so you would think they would try and encourage online transfers instead.
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sxc
18 yrs ago
"I get your point about cheques, but online transfers are cheaper than going into the bank though"
There tends to be a limit on the amount that can be transferred via online banking. So if you go above that amount, you need to go to the bank and get charged the higher fee :(
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"There tends to be a limit on the amount that can be transferred via online banking."
50000 a day for HSBC.
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