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Thailand accounts: outward Real-Time Payment service and updated HSBCnet payment screens

Beginning 16 December 2019, we’re updating HSBCnet so you can send Real-Time Payments from your Thailand accounts on HSBCnet. You’ll also notice a new look and feel to the HSBCnet payment screens when you select one of your Thailand accounts and choose Priority Payment as the payment type.

What are Real-Time Payments?

The Thailand Real-Time Payment service is a 24/7 system that allows you to send outgoing domestic transfers in Thai Baht (THB) to both corporate and individual payees for amounts up to 2,000,000 THB.*

What’s changing on HSBCnet?

Sending Real-Time Payments from your Thailand accounts will be available for both on-screen and File Upload services. Below are some of the changes you’ll notice on HSBCnet as of 16 December 2019.

1. Enhanced Priority Payment screens:
   

   From 16 December, when you create a Priority Payment from a Thailand domiciled THB account, you’ll have the following payment options:

   • Proxy (Alias):
     

     Outward Real-Time Payments can be made to your beneficiaries by using their 'Proxy' registered with the Thailand Clearing House Database.
     The following 'Proxy' options are available to send Real-Time Payments to: **

     • Individuals: Thailand Citizen ID, Mobile number, or e-Wallet ID
       
     • Businesses: Corporate Tax ID
       
       
   • Beneficiary details:
     

     Payments can be made to beneficiaries using the same payment information that you currently use.



(select image to enlarge)

2. File Upload service:
   

   From 16 December, you can send Priority Payments using the HSBCnet File Upload service or HSBC Connect. If you plan to submit these payments, please contact your Client Services representative to obtain the file specification requirements in our updated Message Implementation Guide (MIG).

   
   

Account Information and Statement reporting

On 16 December, we’re introducing new statement narratives and transaction codes for Priority Payments that are sent using the Real-Time Payments service. The enriched statement information will help you identify your transactions more easily.

If you have an automated account reconciliation process in place for your THB accounts in Thailand, please review the detailed information new statement narratives and transactions codes for Account Information and Statement reporting.

Find out more

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

 

* Real-Time Payment limits may be set lower by beneficiary financial institutions.

** For payments sent using a Proxy/Alias, the ‘Beneficiary Account’ field in your payment advices will be replaced with ‘Beneficiary proxy’ and ‘Beneficiary Proxy Type’.

 

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