HSBC Korea

HSBC's Corporate and Institutional Banking group is a leading provider of financial services to top-tier global corporate and institutional clients. Our team comprises of dedicated industry professionals committed to servicing the strategic, financial and capital-raising needs of our clients.

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[Notification] Revision of ‘General Terms and Conditions on Deposit Transaction'

Please be advised that ‘General Terms and Conditions on Deposit Transaction' will be revised effective from 3rd Jul, 2023. Please refer to the table below for details

Article	As-Is	To-Be
Article 10	Article 10 Request for Payment and Termination(4) Notwithstanding Paragraph (1) of this Article, depositors who are not individuals or individual businesses may omit the report of password or PIN-PAD input required under Paragraph (1) of this Article. However, this provision applies only to new accounts opened after the effective date of these revised terms and conditions and the Customers who have submitted in writing that they will no longer use passwords for existing accounts prior to the effective date.	Article 10 Request for Payment and Termination(4) Notwithstanding Paragraph (1) of this Article, depositors who are not individuals or individual businesses may omit the report of password or PIN-PAD input required under Paragraph (1) of this Article.
Article 21	Article 21 Change in Terms and Conditions(1) If the Bank desires to change these Terms and Conditions, or the terms and conditions of deposits with free deposits and withdrawals, savings account, or installment savings deposit account, the Bank shall post such change on its internet homepage and at each sales branch for a period of one month prior to the date of the implementation of such change to notify the Customer. However, if the change to the terms and conditions is urgently needed due to an amendment to the applicable laws or the improvement of system, the Bank shall forthwith post or publicly announce such change.	Article 21 Change in Terms and Conditions(1) If the Bank desires to change these Terms and Conditions, or the terms and conditions of deposits with free deposits and withdrawals, savings account, or installment savings deposit account (hereinafter collectively referred to as “terms and conditions, etc.” in this Article), the Bank shall post such change on its internet homepage and at each sales branch for a period of one month prior to the date of the implementation of such change to notify the Customer. However, if the change to the terms and conditions, etc. is urgently needed due to an amendment to the applicable laws or the improvement of system, the Bank shall forthwith post or publicly announce such change.
	(2) If the changed terms and conditions are unfavorable to the Customer, notice shall be given to the Customer one month prior to the date of implementation of such change in writing or by e-mail.	(2) When changing the terms and conditions, etc., the Bank shall notify the Customer of the changes (including the before and after comparison table) one month before the enforcement date of the changed terms and conditions, etc. in addition to the posting pursuant to Paragraph (1) in at least one of the following ways (two in the case of unfavorable changes to the Customer), but the method in subparagraph 1 shall be included. However, if the terms and conditions, etc. are changed urgently due to revision of the law or improvement of the system, the Customer shall be notified immediately. Notification by mail or e-mail based on the information reported by the Customer; and/or Notation on the bankbook (3) Notwithstanding Paragraph (2), Paragraph (2) shall not apply in the case of simple wording changes such as typos or wording corrections that do not involve substantial changes in content.

[Notice] Service downtime for system upgrade

Thank you for using HSBC Korea

Please note that following service will be suspended for banking system upgrade
- Schedule
  15^th Apr 7:00 AM ~ 17^th Apr 9:00 AM (50 hours)
- Suspended service
  Inward/outward transfer via KFTC HOFINET (The Interbank Home/Firm Banking Network)
- Reason for suspension
  Disconnection for banking system upgrade

[Notification] Change of e-Channels Terms and Conditions

Please be advised that the e-channels Terms and Conditions will be revised effective from Apr 15, 2023.

Comparison Table (PDF, 524KB)

[Notification] Basic Fee launch

We would like to inform you that basic fee is newly charged after the change in accordance with Article 18, Paragraph 4 of the General Terms and Conditions on Deposit Transaction (Customers subject to General Terms and Conditions on Deposit Transaction) or Global Document 7.1 (Customers subject to Global Documents).

In case you do not agree to the change, you may terminate Deposit Transaction by 28th Feb 2023. If you do not express your intention to terminate Deposit Transaction by closing all your bank accounts with us, you are deemed to have agreed to the change.

[Notification] Revision of ‘General Terms and Conditions on Deposit Transaction'

Please be advised that ‘General Terms and Conditions on Deposit Transaction' will be revised effective from 2nd March, 2022. Please refer to the table below for details

Article	As-Is	To-Be
Article 18 Fees	New	(4) In addition to the cases set forth in paragraphs (1) and (2), the Bank may charge a basic fee from corporate customers whose total deposit amount held with the Bank is less than a certain threshold, and specific criteria for charging the fee will be posted on the Bank webpage. In this case, the Bank may withdraw the basic fee directly on the 10th of every month without any separate instruction from the depositor, and if the withdrawal date is not a business day, it may withdraw it on the immediately following business day. If the balance of the deposit falls short of the fee to be withdrawn, the Bank may withdraw it first within the balance available, and then charge the insufficient amount directly to the Customer.
Article 18 Fees	New	(5) After the notice in paragraph (4), the Customer may terminate the contract by written notice up to the business day immediately preceding the effective date of the changed fee. If the Customer's written objection does not reach the Bank within this period, the Customer is deemed to have approved the changed fee.
Heading	New	※ The underlined parts in Articles 18 and Article 21 hereof are different from the standard terms and conditions of the Fair Trade Commission.
Article 21 Change in Terms and Conditions	※ The underlined part of this provision is different from the standard terms and conditions of the Fair Trade Commission.	Deleted

[Notification] USD interest Rate Change Announcement

Please be advised that Global Payments Solutions is to revise USD standard credit interest rate effective from 17th Nov 2022.

Deposit Product	Currency	Before	After
Savings Account	USD	0.30% p.a.	0.50% p.a.