31. October 2024
List of Charges Change Notification
This notification is effective from 1st of January, 2025 for corporate clients of HSBC Continental Europe, Czech Republic. Update of the List of Charges consists mainly of precision and extension of several items in sections Accounts, Electronic Banking, Local CZK Direct Debits, SWIFT, Interest Rates, Customer Service, Import and Export.
Details of updated List of Charges can be found at the bank's web page www.hsbc.cz in the download section.
19 April 2024
We’re are taking further measures to reduce its operational exposure to Russia and Belarus.
In 2023 we made the decision that we do not intend to process commercial payments for our customers to or from Russia or Belarus, with very limited exceptions. In light of evolving regulation we are writing to explain some updates to HSBC’s approach.
What does this mean for you?
If your business is involved in any of the following activities, we ask that you no longer use HSBC products and services (including sending or receiving payments) for:
- the supply or sale of goods to Russia or Belarus;
- the transport of goods, or the provision of logistics services to Russia or Belarus; or
- either of the above to a third country or intermediary for onward supply, sale, or transfer, where you have knowledge or suspect that Russia or Belarus is the intended destination.
Activity processed through HSBC involving Russia or Belarus may be held for further review, and may in our sole and absolute discretion, be rejected and the funds returned where we believe it is appropriate to do so in accordance with our terms and conditions, applicable law or regulation.
In addition, HSBC will no longer be clearing RUB currency for customers from 1 May 2024. Accordingly, from 1 May 2024, you will no longer have access to RUB currency flows through any HSBC accounts or platforms.
We appreciate your continued support and cooperation.
If you are currently undertaking these activities or have any further questions, please contact your Relationship Manager or designated Client Service-Team.
31 January 2024
Payment Services Notification
This notification is effective from 1st of February, 2024 for corporate clients of HSBC Continental Europe, Czech Republic.
With effect from 1st of February, 2024 HSBC Continental Europe, Czech Republic extends processing time of Local Domestic Payments in CZK with crediting funds to the beneficiary bank on the same day from 12:00 to 13:00. Details of new payment processing times can be found at the bank´s web page www.hsbc.cz within the list of payment cut-off times.
This Notice is an integral part of the Business Terms and Conditions for Current Accounts of Legal Entities (Conditions). Terms used but not defined herein have the same meaning as in the Conditions.
30. November 2023List of Charges Change Notification
This notification is effective from 1st of February, 2024 for corporate clients of HSBC Continental Europe, Czech Republic. Update of the List of Charges document is in line with the demise of LIBOR rates in the banking industry and further adjustments have been made to the items relating to export, import and guarantees.
Details of updated List of Charges can be found at the bank's web page www.hsbc.cz in the download section.
15 September 2023HSBC is taking measures to reduce its operational exposure to Russia and Belarus
HSBC, like many global financial institutions and other businesses, faces an increasingly complex regulatory landscape. The associated operational challenges in managing compliance across the jurisdictions in which we operate, and through which payments are processed, are consistently under review.
In this context, we have decided to take measures to minimise operational exposure to Russia and Belarus, even where such activity is permitted under applicable laws and regulations.
As part of our decision, with effect from 15th September 2023, HSBC has made the decision to no longer process commercial payments by our customers to or from Russia or Belarus, unless we have specifically agreed in advance to process such payments in writing. This includes payments made through accounts that you hold with us, as well as any of your subsidiaries and affiliates who bank with HSBC globally.
31 July 2023Change to account services
Starting from the 1st of October 2023 (the “Effective Date”) HSBC Czech Republic cease to offer collection of Cheques..
Alternative solutions
Over the past years of banking services digitization Cheques have become very rarely used while they pose high financial crime and fraud risk. We strongly recommend customers no longer accept Cheques as a form of payment for your goods and services. The counterparts paying or intending to pay by Cheque should be advised that an electronic payment to a bank account will only be accepted instead.
HMRC Cheques
Until recently the British HM Revenue & Customs offered UK VAT returns only via Cheques. HMRC is now moving away from Cheques and strongly promotes returns via electronic transfers to accounts through its Gform initiative. The following is an HMRC guidance on this transition for its counterparts:
HMRC is making it easier for you, as an overseas customer, to receive repayments directly into your bank account, which is quicker, easier and more secure than receiving a cheque in the post.
Complete our Gform, which can be found on GOV.UK by searching 'VAT repayments', providing the overseas bank account information that you would like HMRC to issue all your future VAT repayments to. There’s also the facility to provide us with the information required to cancel any payable orders you may have received that you are unable to cash. We will replace those payable order repayments with a payment direct to your bank account. To be able to use this form you will need your Government Gateway user ID and password. Your principal place of business address needs to be outside of the UK. Your company name must match the name on your bank account.
You can find further guidance and a link to the Gform here:
https://www.gov.uk/vat-repayments
Questions?
If you would like to discuss the above in more detail, please contact your Relationship Manager or Customer Service Department.
29 October 2021List of Charges Change Notification
This notification is effective from 1st of January, 2022 for corporate clients of HSBC Continental Europe, Czech Republic. Update of the List of Charges document is in line with the demise of LIBOR rates in the banking industry.
Details of updated List of Charges can be found at the bank's web page www.hsbc.cz.
30 April 2021Notification: Update to Business Terms and Conditions for Current Accounts
Effective 1st of July, 2021 the Business Terms and Conditions for corporate clients of HSBC Continental Europe, Czech Republic have been updated to reflect changes to the conditions relating to electronic communication.
Details of changes can be found on the bank's web page www.hsbc.cz.
30 October 2020List of Charges Change Notification
This notification is effective from 1st of January, 2021 for corporate clients of HSBC Continental Europe, Czech Republic. Amendment of the List of Charges document is in line with the upcoming legal name change of branch in the Czech Republic, in regards to demising of LIBOR rates in the banking industry and implementation of Standard Trade Terms.
Details of updated List of Charges can be found at the bank's web page www.hsbc.cz.
31 July 2020Account Maintenance Fee Change Notification
This notification is effective from 1st of October, 2020 for corporate clients of HSBC France – pobočka Praha in the Czech Republic.
In line with internal decision HSBC France – pobočka Praha will introduce the following changes to its Account Maintenance Fee policy:- Customers will be charged a monthly Account Maintenance Fee for only the first opened current account. Any additional current, savings, term deposit or other type of payment services account will not be subject to a monthly Account Maintenance Fee
- Standard Account Maintenance Fee will be increased from CZK 1.000 to CZK 6.500 per month
- In relation to the increase of the Account Maintenance Fee the following fees will no longer be charged
- fee for HSBCnet training at customer´s site
- fees for payment investigations upon client´s request
- fees for cancellations and amendments of already processed payments upon client´s request
- fee for setup, maintenance and cancellation of direct debit mandates
- fee for delivery of client identification codes
Cumulated charging for only the first current account will increase transparency and reduce the number of billing items booked in customer´s accounts. Increase of the monthly Account Maintenance Fee reflects bank´s increased costs for maintaining corporate client relationships as a result of tightening industry regulation and growth of know-your-customer demands and ongoing customer due diligence requirements. The increased Account Maintenance Fee will be compensated by cancellation of fees for selected services related to individual customer care.
Details of updated List of Charges can be found at the bank´s web page www.hsbc.cz. Exceptions agreed with clients individually remain intact by this change unless notified individually.
This Notice is an integral part of the Business Terms and Conditions for Current Accounts of Legal Entities (Conditions). Terms used but not defined herein have the same meaning as in the Conditions.
01 October 2019Service Fee Change Notification
This notification is effective from 1st of October, 2019 for corporate clients of HSBC France – pobočka Praha in the Czech Republic.
In line with Regulation (eu) 2019/518 of the European parliament and of the Council of 19 March 2019, amending Regulation (EC) No 924/2009 as regards certain charges on cross-border payments in the Union and currency conversion charges,
with effect from 1st of December 2019 HSBC France – pobočka Praha changes pricing of its payment services as follows:
- Standard fees for processing incoming and outgoing SEPA payments will be adjusted to the level of fees for domestic CZK payments.
- Standard fees for processing incoming and outgoing payments in EUR currency will be adjusted to the level of fees for domestic CZK payments.
Details of updated List of Charges can be found at the bank´s web page www.hsbc.cz. Any exceptions agreed with clients individually remain intact by this change.
This Notice is an integral part of the Business Terms and Conditions for Current Accounts of Legal Entities (Conditions). Terms used but not defined herein have the same meaning as in the Conditions.
01 March 2019Payment Services Notification
This notification is effective from 1st of March, 2019 for corporate clients of HSBC France – pobočka Praha in the Czech Republic.
With effect from 1st of March 2019 HSBC France – pobočka Praha in the Czech Republic extends processing time of Local Domestic Payments in CZK from 11:30AM to 4PM. Details of new payment processing times can be found at the bank´s web page www.hsbc.cz within the list of payment cut-off times. Any exceptions agreed with clients individually remain untouched by this change.
This Notice is an integral part of the Business Terms and Conditions for Current Accounts of Legal Entities (Conditions). Terms used but not defined herein have the same meaning as in the Conditions.
01 February 2019HSBC Bank plc, registered number 00014259, a company incorporated under the laws of England and Wales having its registered office at 8 Canada Square, London, E14 5HQ, United Kingdom of Great Britain and Northern Ireland ("HSBC Bank plc") and HSBC FRANCE, registered number 775 670 284 RCS Paris, a company incorporated under the laws of France as a société anonyme having its registered office at 103, avenue des Champs Elysées, Paris, 75008, France ("HSBC FRANCE"), hereby announce that they have entered into a Local Business Transfer Agreement (the "Agreement") under which HSBC Bank plc transferred to HSBC FRANCE such part of its business (as defined in the Agreement) forming an independent organisational unit of HSBC Bank plc in the Czech Republic within the meaning of Sec. 2183 of Act No. 89/2012 Coll., the Civil Code, and was carried out through HSBC France – pobočka Praha, with its seat at Na Florenci 2116/15, Nové Město, 110 00 Prague 1, Czech Republic, identification number 65997212, registered with the Commercial Register maintained by the Municipal Court in Prague, Section A, Insert 20030.
The transferred part of the business includes all assets and liabilities of HSBC France – pobočka Praha (except as explicitly excluded in the Agreement), as well as business activities operated through HSBC France – pobočka Praha, including deposit and cash management services, derivatives, trade and supply finance services, lending, investment services and guarantees. The transfer of the part of the business became effective on 1 February 2019.
The transferred part of the business, including all assets, rights, liabilities and other items pertaining thereto, was allocated to the branch of HSBC FRANCE in the Czech Republic: HSBC France – pobočka Praha, with its registered seat at Na Florenci 2116/15, Nové Město, 110 00 Praha 1, Czech Republic, identification number 07482728, registered with the Commercial Register kept by the Municipal Court in Prague, Section A, Insert 78901, which will continue operating such part of the business in succession to HSBC France – pobočka Praha.