30 Second International Transfers With No Fees

PRESS RELEASE

4 July 2011 For immediate release

HSBC Launches New Zealand First - 30 Second International Transfers, With No Fees

HSBC New Zealand has today announced the launch of its new internet banking service Global Views and Global Transfers. Global Views allows HSBC Premier customers to see all their overseas accounts* on one screen at the same time with a single sign on, and Global Transfers allows HSBC Premier customers to transfer money between their international accounts within 30 seconds, using real time FX rates and with no telegraphic transfer fees.

John Barclay, Head of Retail Banking and Wealth Management, at HSBC New Zealand says: “Global Transfers removes the traditional international banking barriers and allows customers to transfer their money from different countries into the same or different currencies within just 30 seconds – a huge time saving from anything currently available in the New Zealand market. This time saving adds significantly to the convenience and efficiency of our High Net Worth customers’ lives as it enables them to instantly access all their global accounts and make real time transfers 24 hours a day, 7 days a week.”

“Global Views/Global Transfers also takes customers to a new level of control and convenience when managing their overseas cashflows - be it for investments or liabilities. The immediate nature of the tools means they can see if a rental payment has been missed or if dividends have been paid into their account in real time. It is also an essential tool for those with children studying abroad or for sending money to relatives overseas,” he continues.

HSBC New Zealand is the 35th HSBC country to come on board with the programme, following requests from Kiwis living in Australia, the UK, the USA and Canada who are looking to regularly send money home using electronic measures.

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