28th FEBRUARY 2025
Dear Valued Customers,
Effective 15th APRIL 2025 , the Specific Terms and Conditions for Term Deposit Account and Term Deposit-i will be revised as follows with regards to new placement/renewal of Term Deposit Account and Term Deposit-i: -
HSBC Bank Malaysia Berhad Specific Terms and Conditions for Commercial Banking | ||
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Clause | Current Version (September 2020) | Revised Version |
2(b) | Interest at half the contracted rate will be paid on deposits which are withdrawn before maturity date provided it has been placed for more than 3 months. No interest is payable on deposits which are withdrawn before maturity date and placed for 3 months or less. Any payment of interest shall be on the maturity date, or at periodic intervals at the Bank’s discretion. | No interest shall be paid on deposits which are withdrawn before maturity date. |
HSBC Amanah Malaysia Berhad Specific Terms and Conditions for Commercial Banking | ||
Clause | Current Version (March 2023) | Revised Version |
2(m) | Premature withdrawal of the deposit If the Customer withdraws the deposit before the maturity date, the Customer agrees that the Bank shall be entitled for a rebate equivalent to:
| Premature withdrawal of the deposit If the Customer withdraws the deposit before the maturity date, the Customer agrees that the Bank shall be entitled for a full rebate of profit and the rebate shall be deducted from the Murabahah Sale Price. |
In view of the above, effective 15th APRIL 2025, no interest/profit will be payable for withdrawals of new/renewed term deposits/term deposit-i made before maturity date.
24 December 2024
Dear Valued Customers,
Kindly be informed that effective 01 January 2025, the stamp duty for cheque book issuance and foreign currency cheque for collection is revised as follows. This revision is in line with the latest Finance Bill passed on 04 December 2024.
Transaction Type | Existing Fees & Charges | Revised Fees & Charges |
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Cheque Book Issuance
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Foreign currency cheque for collection
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The revised stamp duty will be updated in our Tariff and Charges available here
1. | Why did HSBC increase the stamp duty price for Cheque Book Issuance and Foreign Currency Cheque for Collection? | The increase of the stamp duty is applicable to all financial institutions, following to the Finance Bill 2024 was passed on 04 December 2024 (as quoted below), and the relevant provisions that will come into operation on 01 January 2025. “..to increase the rate of duty chargeable on the instrument of cheque from fifteen cents to one ringgit for each cheque issued.” |
2. | Can I request for exemption of stamp duty? | No. Stamp duty is payable to Lembaga Hasil Dalam Negeri (LHDN). |
3. | If I order the cheque book on 31 December 2024, will I be charged with the revised stamp duty? | Cheque book ordering has T+1 processing time. It is advisable for customer to order the cheque book earlier. |
4. | Is the RM1.00 stamp duty charged based on per cheque leaf or per cheque book? | The RM1.00 stamp duty is charged per cheque leaf. For example, every cheque book that is issued with 50 pieces of cheque leaf would mean that the customer is required to pay RM50.00 for stamp duty. |
5. | How do I reach out to HSBC if I have further queries? | You may contact your Relationship Manager or visit HSBC website for more details. |
Thank you.
Dear Customers,
Bank Negara Malaysia (BNM) is requesting all resident companies with:
to submit monthly reports on their Inter-company Account transactions (Statement IA) to Jabatan Pengurusan Data dan Statistik, Bank Negara Malaysia.
Resident company that fulfills both criteria (i) and (ii) above is required to contact the Cash BOP Reporting team via e-mail at cashbop@bnm.gov.my to initiate the submission of Statement IA through BNM’s External Sector Statistics Portal.
The Cash BOP Reporting team can also be contacted via the same e-mail address for any further information or clarification on the matter.
Thank you.
Pelanggan yang dihormati, Bank Negara Malaysia (BNM) meminta kesemua syarikat pemastautin dengan:
untuk mengemukakan laporan bulanan tentang urus niaga Akaun Antara Syarikat mereka (Penyata IA) kepada Jabatan Pengurusan Data dan Statistik, Bank Negara Malaysia.
Syarikat pemastautin yang memenuhi kriteria (i) dan (ii) di atas dikehendaki menghubungi pasukan Pelaporan Imbangan Bayaran Tunai (Cash BOP) melalui e-mel di cashbop@bnm.gov.my untuk memulakan pengemukaan Penyata IA itu melalui Portal Statistik Sektor Luar BNM.
Pasukan Pelaporan Cash BOP itu juga boleh dihubungi melalui alamat e-mel yang sama untuk maklumat atau penjelasan lanjut mengenai perkara ini.
Sekian, Terima Kasih.
Affected Services | Maintenance Date & Estimated Interruption Period |
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31 January 2024
Dear Valued Customers,
Please be informed that the Overseas HSBC Group’s ATM (GATS) service will cease to support Debit and Credit cards issued in Malaysia starting from 1 March 2024 to further improve our Automated Teller Machine (ATM) security controls.
After which, all ATM transactions performed by HSBC Malaysia / HSBC Amanah clients at HSBC or Non-HSBC ATMs outside Malaysia will be processed by VISA or MasterCard network.
The chargeable fees for cash withdrawals at VISA / Mastercard (non-MEPS) ATM network are available in our tariff and charges, which can be viewed at both our HSBC Malaysia and HSBC Amanah public website respectively.
Service Type | Fee |
|---|---|
Cash Withdrawal at VISA / Mastercard Network (HSBC & Non-HSBC ATM) | MYR10 |
Cash Withdrawal at Overseas HSBC Group’s ATM (GATS) (ceased w.e.f 1 March 2024) | MYR5 |
Note: Every overseas withdrawal transaction is subject to the fee imposed by the Bank, ATM operator and Network service provider.
Please remember to activate your Business ATM Card overseas withdrawal service function at your nearest HSBC/HSBC Amanah branch in advance to ensure that you can use the overseas ATM cash withdrawal services.
Thank You.
English version
Date: 11 December 2023
Dear Customers,
Please be informed that the Notice to Customer relating to the Personal Data Protection Act 2010 (“Privacy Notice”) has been revised in accordance with the revised Policy Document on Management of Customer Information and Permitted Disclosures by Bank Negara Malaysia which comes into effect on 1 January 2024.
In summary, we have improved the clarity of terms in our Privacy Notice including:
Please be assured that the purpose and scope of our data collection and processing has not changed. As always, the Bank views your personal data and privacy seriously.
The revised Privacy Notice (version December 2023) will come into effect on 1 January 2024 is available at https://www.hsbc.com.my/privacy-and-security/
Jointly issued by:
HSBC Bank Malaysia Berhad (198401015221 (127776-V))
HSBC Amanah Malaysia Berhad (200801006421 (807705-X))
Bahasa Malaysia version
Tarikh: 11 December 2023
Pelanggan yang dihormati,
Harap maklum bahawa Notis kepada Pelanggan berkaitan Akta Perlindungan Data Peribadi 2010 (“Notis Privasi”) telah dipinda mengikut pindaan Dokumen Polisi mengenai Pengurusan Maklumat Pelanggan dan Pendedahan yang Dibenarkan oleh Bank Negara Malaysia yang akan berkuatkuasa pada 1 Januari 2024.
Kami telah merperjelaskan Notis Privasi kami seperti berikut:
Sila yakin bahawa tujuan dan skop pengumpulan dan pemprosesan data kami tidak berubah. Seperti biasa, Bank memandang serius data peribadi dan privasi anda.
Notis Privasi yang dipinda (versi Disember 2023) akan berkuat kuasa pada 1 Januari 2024 boleh didapati di https://www.hsbc.com.my/privacy-and-security/
Dikeluarkan bersama oleh:
HSBC Bank Malaysia Berhad (198401015221 (127776-V))
HSBC Amanah Malaysia Berhad (200801006421 (807705-X))
Discontinuation of Foreign Currency Demand Draft Issuance and Cheque Encashment Over the Counter by Non-Signatories effective 1st November 2017. Click here to learn more.
We would like to inform that the BTB Services have been revised. Click here to read the full notice.
Please be informed that the Business Deposit Card will be inoperative with effect from 14 November 2016.
To ensure none of your transactions are affected, you will still be able to access our express cash deposit and cheque deposit machines ("Express Banking Services") available at all our branches, by keying in the company’s account number to proceed with the cash deposit and cheque scan transactions, respectively.
For more information you may contact our express banking customer service centre at 1300-88-1128 (for local customers) or +603-83215511 (for overseas customers).
Please be informed that with effect from 1st June 2016, HSBC Bank Malaysia Berhad will no longer accept USD cheque deposits. Click here to read full notice.
After ongoing review and assessments, with effect from 01 January 2016, the Bank will discontinue accepting the fax instructions, free format hand written instructions, hand written Smartform, and e-mail instructions modes of manual payments. Click here to read full notice.
Please be informed that HSBC Amanah Malaysia Berhad ("the Bank") will grant a rebate to commercial banking customers for the unearned profit portion for all sale-based financing facilities, in accordance with Bank Negara Malaysia's "Guidelines on Ibra' (Rebate) for Sale-Based Financing". Click here to read full notice.
Introducing the faster and more convenient way to perform local and overseas remittances. Click here to find out more.
