Hsbc Bank Legal Documents

The bank is not licensed by the Monetary Board of the Central Bank of Sri Lanka. This information is provided at your request and does not constitute an offer or solicitation to make a deposit or enter into an agreement with you. GLOBAL PRIVATE BANKING: HSBC Private Bank is the brand name under which HSBC`s leading private banking subsidiaries worldwide promote their private banking services. Together with HSBC Private Bank Trinkaus, HSBC Private Bank provides services to high-net-worth households at 93 locations in forty countries and territories in Europe, Asia Pacific, America, the Middle East and Africa. The bank`s assets under management fell 4 percent to $382 billion in 2014 from 2013, according to the Scorpio Partnership Global Private Banking Benchmark. • If you are a tax resident in the UK, the location of the bank you borrow from and your personal circumstances may result in up to 20% additional withholding tax payable to Her Majesty`s Revenue and Customs (HMRC) in addition to interest payments to the foreign lender on your mortgage. In the past, the bank has generally allowed refunds of CDs before the due date, but the bank reserves the right not to do so in the future. For consumer accounts, the bank cannot impose a penalty if an account holder dies or is declared legally incapable, but the bank requires proof of death or incapacity before a withdrawal is authorized. In Africa, Asia, Oceania, Europe, North and South America, HSBC has great influence with around three thousand offices and around forty million clients worldwide. It also has offices in Europe, North America and South America. In late 2014, Forbes magazine ranked it the sixth largest public company in the world.

The Financial Stability Board considers it to be a systemically important bank. The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) prohibits any person engaged in betting or betting from knowingly accepting payments in connection with another person`s participation in illegal internet gambling (a “Restricted Transaction”). You acknowledge and agree that you are prohibited from conducting restricted transactions through your account or banking relationship with HSBC. Your participation or attempted participation in a restricted transaction through your account or banking relationship with HSBC may result in termination of your banking relationship with HSBC or closure of your account. You can make deposits in person or by mail. If you are a consumer, you can also use your HSBC Debit Mastercard or ATM card® to make deposits at HSBC ATMs and certain other electronic services. The Bank is not required to accept unjustified replacement cheques for deposit. For more information about electronic banking, please see the bank`s electronic banking disclosures for the services you use. Note: HSBC no longer accepts traveller`s cheques for deposit. Your account may be debited on the day an item is presented or earlier when the bank is notified, electronically or otherwise, that an item from your account has been deposited for recovery from another financial institution. You understand that the Bank reserves the right to deposit overdrafts, charge overdraft fees to the extent permitted by law, and apply any subsequent deposits (including direct deposits of Social Security benefits or other government benefits) to such overdraft or overdraft fees by way of offsetting.

An “item” includes cheques, replacement cheques, remotely created cheques, remittance slips or other personal transfers or withdrawals, service fees, electronic items or transactions, including ATM withdrawals, daily or recurring debit card transactions, pre-authorized payments or wire transfers, ACH transactions, telephone initiated wire transfers, online bank transfers or billing mandates, and any other payment instruments or instructions. Transfer or withdrawal of funds, including a photo or photocopy thereof. A determination of your account balance for the purpose of deciding to dishonour an item due to insufficient available funds may be made at any time between receipt of such presentation or notice and the time of return of the item, and no more than such decision must be made. 1. Woodman, Spencer et al. “HSBC transferred huge sums of dirty money after paying a fine for money laundering.” ICIJ, 22 September 2020, www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/. If a joint depositor has a judgment or other debt against him, the bank may be required by legal process to withdraw money from the joint account in order to satisfy that judgment or debt. The Bank is not responsible for determining or asserting that funds in your account are excluded from the reach of third parties, except as expressly required by applicable law. With FCAC`s new rule on disclosure of information to co-borrowers coming into force, borrowers have the right to request separate disclosure documents. If they wish, they must complete the “Election Regarding Disclosure of Information to Co-Borrowers” form, which is attached to the “Notarial Instructions” that we have sent you. You can also get this formula by clicking on the link below.

You are responsible for the complete routing instructions. You agree that, in executing a payment order, the Bank may use all correspondents, intermediary banks, agents, sub-agents, money transfers and communication systems that the Bank deems appropriate in the circumstances. Where a payment order designates an intermediary bank and/or money transfer system, you agree that the Bank may, where appropriate, select another intermediary bank and/or transfer system on your behalf and that the Bank shall not be responsible for such selection, unless consumer law restrictions apply. To the extent permitted by law, correspondents, agents, sub-agents, intermediary systems or banks shall be deemed to be your representatives, and the Bank shall not be liable for any error, negligence, suspension or omission thereof, as all such risks are borne by you, unless restrictions of consumer law apply. These Consumer Deposit Account Rules (the “Rules”) form part of the agreement between you and HSBC Bank USA, National Association (the “Bank” or “HSBC”) and incorporate some of the Consumer Deposit Account Terms and Conditions. This Agreement does not apply to trading accounts. The bank offers a variety of products and services, including cheques, savings, money market, certificates of deposit (CDs) and electronic banking. All terms and charges applicable to your account also form part of the Agreement. By signing a deposit account agreement or using a banking product or service, you agree that these rules, as amended from time to time, apply to all of your deposit accounts. If there is a conflict between these rules and something that one of our employees says, the bank will follow those rules.

These banking rules replace and replace all previous banking rules. Please note that delivery of legal documents by e-mail or fax will not be accepted. Cash deposits made before the cut-off time at your branch (or at an HSBC ATM or electronic banking institution) will earn interest on the same day. Cash deposits after the “cut-off period” or on a Saturday, Sunday or holiday begin paying interest the next business day. This is not an offer by HSBC Bank USA, N.A.