![]() IBAN should also be used for payments to beneficiaries in Brazil Chile, the European Economic Area (EEA) and European Union (EU).įor payments where the beneficiary’s account number is mandatory: Please note, the beneficiary’s IBAN is required for EUR Priority Payments to beneficiaries in the UK. If the IBAN number is invalid, you won’t be able to proceed with the payment and will see an error message. HSBCnet will automatically validate the IBAN that you provide. The new screens don’t include the ‘Require IBAN validation’ checkbox. The field names and validation rules have been updated:įor payments where the beneficiary’s IBAN is mandatory: What are the changes to the Beneficiary Account Number and IBAN fields?īeneficiary details can now be added in the new ‘Pay to’ section of the updated screens. When you’re making an ACH payment, you’ll only be able to select a debit account from the same country as the account you selected when creating the payment.Ģ. This means your accounts that fall outside of SEPA restrictions won’t be displayed. The same goes for ACH and Priority Payments. When making a SEPA payment, you’ll only be able to select a debit account that you can make a SEPA payment from. When searching for a specific account, the search results will display as you type in the account name. You can see all accounts that you have permission to view on HSBCnet. This new drop-down field displays more information than before, including: balance, account currency, country and institution. The ‘Debit account’ field will be called ‘Pay from’ on the new screens and now allows you to change the debit account during the payment creation process. What are the changes to the ‘Debit account’ field? ![]() The following FAQs will help you create payments and understand the key changes on the updated HSBCnet screens.ġ. We’re redesigning the HSBCnet payments service to give you a more streamlined, easy-to-use payment creation experience. Updated HSBCnet payments service: Frequently Asked Questions (FAQs)
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