Recurrent Foreign Exchange Service

HSBC Taiwan
Foreign exchange
Recurrent Foreign Exchange Service

Recurrent Foreign Exchange

Foreign exchange market is moving rapidly, thus you are not able to convert at the lowest price every time you wish. Besides finding the best foreign exchange timing whenever you need, you can also use Recurrent Foreign Exchange Service in advance. Through Recurrent Foreign Exchange Service, you can spread your foreign exchange risks and average your foreign exchange costs.

If you're already an HSBC customer, you can visit us in the branch or set up Recurrent Foreign Exchange Service via online banking.

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How it works

Know the exchange rate before sending your transaction
Easily access our global bank search tool to better manage your remittances and saved transfers
Set recurring or future-dated payments so you never miss an international payment

Available currencies

The bank currently provides Recurrent Foreign Exchange Service for 13 currencies including TWD, USD, CAD, EUR, GBP, HKD, JPY, AUD, NZD, CHF SEK, SGD, CNY.

Set your payment schedule

Recurrent Foreign Exchange Service allows you to send payments and transfers daily, weekly or monthly according to your needs.

Use the service

Already registered

If you have already registered for online banking, you can log on now.

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Come and see us in a branch to set up your recurrent foreign exchange order.

Find a branch

In Person

Leave us your contact details and our Wealth Manager will be in touch with you.

Call us now

Call us on (02)6616-6000

Given that the notification of failure debit and/or service termination will be sent via the internet banking platform, applicant who applies for the Recurrent Foreign Exchange Service must already activate HSBC (Taiwan)’s Online Banking service.
The instructed Debit Account and Credit Account must be affiliated with the Bank, and these accounts should be effective and should not be a Checking Account.
This application form should be completed and submitted to the Bank at least three working days prior to the Debit Date.
The foreign exchange rate is subject to the Bank’s daily exchange rate at 9:45 am (Business Day). In the event of amendments, The Bank shall announce it via a written notice, display it at visible area of the Bank’s branches, or announce it on the Bank’s Internet main page at least 7 days in advance. If Applicant does not agree with such amendments, he/she may notify the Bank in written form to terminate the service, otherwise Applicant shall be deemed to agree with the amendments.
If the credit amount is below TWD 300 equivalent or in the event of insufficient funds, net off lean amount, on the Exchange Date, the Bank will not execute the exchange instruction. The non-execution will not affect Applicant’s other recurrent exchange instruction.
Applicant can have more than one instruction at the time. Applicant shall agree that in the case which more than one instruction shall execute on the same date, the Bank shall decide the sequence of exchange at its sole discretion.
Applicant has been fully understood the FX related restrictions and risks, including the daily limit of remittance between New Taiwan Dollar and other currencies is TWD 500,000 equivalent, this quota has combined all remittance done through the bank (including branch, telephone and internet & mobile banking service) which involved “outward remittance” and “inward remittance” of New Taiwan Dollar. Also, the daily limit of Renminbi exchange transactions conducted through Applicant’s accounts at all banks in Taiwan is Renminbi 20,000 per person per day, which is subject to related regulations as amended from time to time.
If any transaction significantly breaches “Regulations Governing Foreign Exchange Business of Banking Enterprises” and the related regulation, the Bank has the right to reverse the transaction and refuse to provide any further foreign currency exchange services.
The available Debit/ Credit Currency, restrictions and service charges of the Foreign Recurrent Exchange Service shall be in accordance with the Bank’s rules at exchange date.
For any matters not stipulated herein, relevant laws and General Agreement for Accounts and Services shall apply.

Recurrent Foreign Exchange Service may provide opportunities or risks depending on the fluctuations of exchange rates. Clients are responsible for risks that are associated with foreign exchange restrictions and losses. (This includes but not limited to risks associated with price, exchange rates, politic, and countries/territories) This also includes the risks associated with converting foreign currencies for investment purpose to local or other currencies. The maximum loss can be all of the principle and interest.
Recurrent Foreign Exchange Service may spread risks associated with exchange rates but does not promise the average cost of foreign currency exchange will match the cost of single foreign exchange transaction. The bank does not take responsibility for losses nor promise any profits.

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Frequently asked questions

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