Cashier's Order

Overview

Cashier's Orders are used to make payments locally. Rather than being drawn on overseas correspondents, Cashier's Orders clear directly with HSBC Bank (Cayman) Limited.

Key features and benefits

• Reduction of collection fees and the incidence of deferrals
• Cost savings over Telegraphic Transfer (where time is not crucial)
• Advance order by phone or online
• Local clearing for KYD and USD
• Prompt placement of Stop Orders

What you should know before you apply

Information required to issue a Cashier's Order:

• Payee's name
• Payment amount and currency
• Debit account name and number