The world's local bank
Overview
Telegraphic Transfers (TT) are often referred to as wire payments or cables. They provide the means for receipt and transfer of funds internationally and locally.
Settlement of payments is achieved through a network of correspondent banks and can, therefore, be made in any major currency and to nearly any bank in the world.
Key features and benefits
- Lower fees for requests made via HSBCnet or Business Internet Banking
- Faster payment
- Efficiency and accuracy
- Convenience
- Payment advice and settlement instructions are routed electronically between banks
- Available in all major currencies
- International payments utilise the SWIFT network
