Qatar account holders: new transaction limit and cut-off time for domestic payments

Last updated: 3 July 2019

Due to local regulatory changes taking effect on 1 July 2019, we wish to advise you of the below transaction limit and cut-off time changes impacting domestic payments in Qatar.

What's changing?

From 1 July, the maximum limit for domestic payments processed through the QATCH (Qatar Automated Transfer Clearing House) system will increase from the current Qatari Riyal (QAR) 250,000 to QAR 1 million.

In addition, we’re updating the cut-off times for domestic same-day QAR Priority Payments (to other local banks in Qatar) as follows:

For domestic QAR Priority Payments:
Payment amount	New cut-off time for same day value*
Up to QAR 1million	11:30 am AST
Above QAR 1 million	1:15 pm AST
AST = Arabia Standard Time * Same day processing applies to payments that don’t require manual handling. Payments that are sent for repair will be processed as soon as possible.

For QAR domestic ACH (Automated Clearing House), WPS (Wages Protection System) and Salary Payments, the cut-off times will remain unchanged at 2:00 pm AST. Payments to other local banks in Qatar are processed as of the next day value, while payments to other HSBC Qatar accounts have the same value date.

Review the updated Qatar Corporate Payments cut-off times >

Reminder: Purpose of Payment codes required as of 15 June

Please be reminded that you’re required to include a valid Purpose of Payment code from 15 June for all domestic QAR payments processed in Qatar. Any payment instruction that doesn’t include a valid Purpose of Payment code will be rejected.

Learn more about Purpose of Payment code requirements in Qatar >

Find out more

If you have any questions, please contact your local HSBC representative or local HSBCnet Support Centre.