HSBC CANADA – CAD vs GBP/EUR EXCHANGE RATES
Compare HSBC Canada CAD currency transfer options. You can beat HSBC Canada bank exchange rates when making a Canadian dollar money transfer or overseas payment, save time, money and get the best deal.
| HSBC Canada | GBP to CAD | EUR to CAD | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | $1.699 to $1.705 | $1.455 to $1.46 |  |  | |
| TorFX | $1.704 | $1.459 |  | | |
| Wise | $1.707 | $1.461 |  | | |
| HSBC Canada | $1.646 | $1.409 | |  |  |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
HSBC Canada International Money Transfers
International currency transfers to or from your HSBC bank account in Canadian dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 4.1% and additional bank transaction or commission fees may apply.
HSBC Canada international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – HSBC Canada
Sending foreign currency to or from your HSBC account in Canada needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 Canadian dollars (CAD) using HSBC Canada services would have a transaction exchange rate margin of around 4.1% – or $4,100 CAD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only S700 CAD in total, which is a large saving over the bank service.
HSBC Canada – Other Useful Information
International money transfers from HSBC could take longer to arrive than using a private currency exchange provider and you will also need to be an existing HSBC account holder to use their services. HSBC may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, HSBC’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
HSBC, Canada – About
HSBC Canada is a foreign subsidiary bank of HSBC Holdings, a British financial services company, based in London, UK. HSBC Holdings is the world’s seventh largest bank by total assets and the largest bank in Europe. In Canada, HSBC has its headquarters in Vancouver has over 140 local bank branches in the country.
HSBC Canada branch finder
Find HSBC Canada bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest HSBC branches in your search area results.
Contact HSBC Canada from abroad
You can find answers to everyday banking questions at HSBC online. If you can’t find the answer you’re looking for, you can call them from outside Canada on +1 888-310-4722
HSBC – Canadian Head office address
HSBC Bank Canada – 885 West Georgia Street, Vancouver, British Columbia, V6C 3E9, Canada
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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