We are changing some of our HSBC Wealth and Personal Banking Fees and Charges.
Effective 02 November 2021, the following Home Loan service fees will be reduced:
- Loan application fee: From $400 to $250
- Early prepayment of a fixed rate loan, Administration fee: From $50 to $20
- Security discharge: From $150 to $75.
The following Home Loan services will have their fees removed. HSBC will still perform the services, but at no charge:
- Split or multiple loan establishment: Was $150, now removed
- Construction loan drawdown: Was $100, now removed
- Redraw (of a floating rate table loan): Was $25, now removed.
Our Wealth and Personal Banking Home Loan Standard Terms and Conditions will also be updated to reflect the above changes to the Fees and Charges List, along with the following additional amendments:
- Section 1.1: delete reference to 'cheques'
- Section 2.6: a change to the timing for providing information when you instruct us to fix an interest rate
- Section 13.4: references to "FastPost" replaced with "courier"
- Other minor amendments
In addition, the fees related to Foreign currency cash conversion, deposit or withdrawal from a Multi-Currency Account will be removed from our fees and charges list. This is because HSBC will no longer be dealing in foreign cash and the last day for the sale or purchase of foreign cash from our 188 Quay St branch in Auckland will be Friday 29th October 2021.
Both the Wealth and Personal Banking Fees and Charges Listing (PDF, 67KB) and the Home Loan Standard Terms and Conditions (PDF, 174KB) will be updated on 02 November 2021 to reflect the changes summarised above.