Starting 17 October 2022, Canadian dollar (CAD) HSBC accounts in Canada will be able to send INTERAC e-Transfer® payments.
What this means for you
If you use ERP systems or automated account reconciliation programs for electronic statements, you may be impacted by the statement narrative updates. To ensure the ongoing operation of your automated reconciliation processes, we recommend that you review your internal systems and if required, update them by 17 October 2022.
This change affects statement entries in the following formats: HSBCnet Account Information, Excel exports, Reports and Files Download, BAI2 Intra-Day and End of Day, MT940, MT942 and CSV formatted reports.
The examples provided below are for the purpose of demonstrating the new statement narratives and may not exactly match your statement entries.
1. New Transaction codes for INTERAC e-Transfer® payments
| INTERAC e-Transfer® payment – Outward | ||
|---|---|---|
| Statement type | Transaction code | |
| INTERAC e-Transfer® Payment – Outward | INTERAC e-Transfer® Payment – Outward charges | |
HSBCnet Account Information |
TRF- |
TFR- SVC |
BAI statement |
458 |
698 |
SWIFT MT940/942 |
NTRF |
NCHG |
| INTERAC e-Transfer® payment – Cancelation | |||
|---|---|---|---|
| Statement type | Transaction code | ||
| INTERAC e-Transfer® Payment – Cancel | INTERAC e-Transfer® Payment – Cancel charges | INTERAC e-Transfer® Payment – Refund charges | |
HSBCnet Account Information |
TRF+ |
TFR- SVC |
TRF+ SVC |
BAI statement |
261 |
698 |
398 |
SWIFT MT940/942 |
NRTI |
NCHG |
NCHG |
2. For MT940/942 statements:
| INTERAC e-Transfer® Payment – Outward | ||
|---|---|---|
| Statement tags | New values | Description |
|
Tag 61 Subfield 6-9 |
6. SWIFT Code = NTRF 7. Customer Reference = Your reference as entered during payment creation. If not provided, HSBCnet payment instruction number (IRN) will be populated (16x) 8. Bank Reference = HSBC reference (16x) 9. /PYTP/SCT CROUT |
INTERAC e-Transfer payments will report with the transaction code NTRF on your SWIFT statements. RTP Identifier is: /PYTP/SCT CROUT |
|
Tag 86 Line 1-6 |
INTERAC E-TRANSFER (24x) /BENM/Beneficiary name (140x)+ /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer payments: /BENM/ - Beneficiary name /EREF/ - End to end reference as entered during payment creation. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference /PREF/ HSBCnet payment instruction number (IRN). It will not be included if it is same as tag61.7 |
| INTERAC e-Transfer® Payment – Outward charges | ||
|---|---|---|
| Statement tags | New values | Description |
|
Tag 61 Subfield 6-9 |
6. SWIFT Code = NCHG 7. NONREF 8. NONREF 9. INTERAC E-TRANSFER |
INTERAC e-Transfer payment charges where applicable will report with the transaction code NCHG on your SWIFT statements. |
|
Tag 86 Line 1-6 |
INTERAC E-TRANSFER (24x) TRANSACTION FEES (24x) /CREF/ Your reference or HSBCnet payment instruction number (IRN) (16x)+ /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer charges (where applicable): /CREF/ - Your reference as entered during payment creation. If not provided, HSBCnet payment instruction number (IRN) will be populated /EREF/ - End to end reference as entered during payment creation. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference /PREF/ HSBCnet payment instruction number (IRN). It will not be included if it is same as /CREF/ |
| INTERAC e-Transfer® Payment – Cancel | ||
|---|---|---|
| Statement tags | New values | Description |
|
Tag 61 Subfield 6-9 |
6. SWIFT Code = NRTI 7. Customer Reference = Your reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer will be populated 8. Bank Reference = HSBC reference (16x) 9. /PYTP/SCT CANC |
INTERAC e-Transfer cancelations will report with the transaction code NRTI on your SWIFT statements. RTP cancelation Identifier is: /PYTP/SCT CANC |
|
Tag 86 Line 1-6 |
INTERAC E-TRANSFER (24x) CANCEL TRANSFER (24x) /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer cancelations: /EREF/ - End to end reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference from the original outward INTERAC e-Transfer /PREF/ HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer. It will not be included if it is same as tag61.7 |
| INTERAC e-Transfer® Payment – Cancelation charges | ||
|---|---|---|
| Statement tags | New values | Description |
|
Tag 61 Subfield 6-9 |
6. SWIFT Code = NCHG 7. NONREF 8. NONREF 9. INTERAC E-TRANSFER |
INTERAC e-Transfer cancelation charges where applicable will report with the transaction code NCHG on your SWIFT statements. |
|
Tag 86 Line 1-6 |
INTERAC E-TRANSFER (24x) TRANSACTION FEE - CANCEL (24x) /CREF/ Your reference or HSBCnet payment instruction number (IRN) (16x)+ /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer cancelation charges (where applicable): /CREF/ - Your reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer will be populated /EREF/ - End to end reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference from the original outward INTERAC e-Transfer /PREF/ HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer. It will not be included if it is same as /CREF/ |
| INTERAC e-Transfer® Payment – Refund charges | ||
|---|---|---|
| Statement tags | New values | Description |
|
Tag 61 Subfield 6-9 |
6. SWIFT Code = NCHG 7. NONREF 8. NONREF 9. INTERAC E-TRANSFER |
INTERAC e-Transfer payment refund of charges where applicable will report with the transaction code NCHG on your SWIFT statements. |
|
Tag 86 Line 1-6 |
INTERAC E-TRANSFER (24x) TRANSACTION FEE REFUND (24x) /CREF/ Your reference or HSBCnet payment instruction number (IRN) (16x)+ /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer refund of charges (where applicable): /CREF/ - Your reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer will be populated /EREF/ - End to end reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference from the original outward INTERAC e-Transfer /PREF/ HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer. It will not be included if it is same as /CREF/ |
3. For BAI intraday/end of day statements:
Statement narratives is populated in BAI report as combination of 16-88 segments as per the space available in segment 16. It means that data can start from segment 16 and then span across segment 88.
| INTERAC e-Transfer® Payment – Outward | ||
|---|---|---|
| Statement tags | New values | Description |
|
Record 16 |
BAI Transaction Code = 458 Amount, Bank Reference, Customer Reference |
INTERAC e-Transfer payments will report with a transaction code 458 on your BAI statement. |
|
Transaction detail and record line 88 continuation (multiple lines) |
INTERAC E-TRANSFER (24x) /BENM/Beneficiary name (140x)+ /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer payments: /BENM/ - Beneficiary name /EREF/ - End to end reference as entered during payment creation. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference /PREF/ HSBCnet payment instruction number (IRN). It will not be included if it is same as Customer reference |
| INTERAC e-Transfer® Payment – Outward charges | ||
|---|---|---|
| Statement tags | New values | Description |
Record 16 |
BAI Transaction Code = 698 Amount, Bank Reference (NONREF), Customer Reference (NONREF) |
INTERAC e-Transfer payment charges where applicable will report with a transaction code 698 on your BAI statement. |
Transaction detail and record line 88 continuation (multiple lines) |
INTERAC E-TRANSFER (24x) TRANSACTION FEES (24x) /CREF/ Your reference or HSBCnet payment instruction number (IRN) (16x)+ /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer charges (where applicable): /CREF/ - Your reference as entered during payment creation. If not provided, HSBCnet payment instruction number (IRN) will be populated /EREF/ - End to end reference as entered during payment creation. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference /PREF/ HSBCnet payment instruction number (IRN). It will not be included if it is same as /CREF/ |
| INTERAC e-Transfer® Payment – Cancel | ||
|---|---|---|
| Statement tags | New values | Description |
Record 16 |
BAI Transaction Code = 261 Amount, Bank Reference, Customer Reference |
INTERAC e-Transfer cancelations will report with a transaction code 261 on your BAI statement. |
Transaction detail and record line 88 continuation (multiple lines) |
INTERAC E-TRANSFER (24x) CANCEL TRANSFER (24x) /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer cancelations: /EREF/ - End to end reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference from the original outward INTERAC e-Transfer /PREF/ HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer. It will not be included if it is same as Customer reference |
| INTERAC e-Transfer® Payment – Cancelation charges | ||
|---|---|---|
| Statement tags | New values | Description |
Record 16 |
BAI Transaction Code = 698 Amount, Bank Reference (NONREF), Customer Reference (NONREF) |
INTERAC e-Transfer cancelation charges where applicable will report with a transaction code 698 on your BAI statement. |
Transaction detail and record line 88 continuation (multiple lines) |
INTERAC E-TRANSFER (24x) TRANSACTION FEE - CANCEL (24x) /CREF/ Your reference or HSBCnet payment instruction number (IRN) (16x)+ /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer cancelation charges (where applicable): /CREF/ - Your reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer will be populated /EREF/ - End to end reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference from the original outward INTERAC e-Transfer /PREF/ HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer. It will not be included if it is same as /CREF/ |
| INTERAC e-Transfer® Payment – Refund charges | ||
|---|---|---|
| Statement tags | New values | Description |
Record 16 |
BAI Transaction Code = 398 Amount, Bank Reference (NONREF), Customer Reference (NONREF) |
INTERAC e-Transfer payment refund of charges where applicable will report with a transaction code 398 on your BAI statement. |
Transaction detail and record line 88 continuation (multiple lines) |
INTERAC E-TRANSFER (24x) TRANSACTION FEE REFUND (24x) /CREF/ Your reference or HSBCnet payment instruction number (IRN) (16x)+ /EREF/End to end reference (35x)+ /IREF/ Interac reference (16x)+ /PREF/HSBCnet payment instruction number (16x) |
Following codeword will be reported as part of statement description of a INTERAC e-Transfer refund of charges (where applicable): /CREF/ - Your reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer will be populated /EREF/ - End to end reference as entered during payment creation from the original outward INTERAC e-Transfer. If not provided, ‘NONREF’ will be populated /IREF/ - Interac reference from the original outward INTERAC e-Transfer /PREF/ HSBCnet payment instruction number (IRN) from the original outward INTERAC e-Transfer. It will not be included if it is same as /CREF/ |
Legend:
1. /CODEWORD/ - Code words that are standard descriptions seen in the statement narratives.
2. <Data Fields> - Description of fields that represent variable data elements that may be displayed as part of the statement narratives
INTERAC e-Transfer is a registered trademark of Interac Corp. Used under licence.