Our award-winning flagship banking platform provides a single portal from which to control accounts at both the regional and central treasury level. It can facilitate all your banking needs to improve efficiencies and give you greater control of your finances. Here’s an overview of what the platform offers.
Business Banking
Back to Business BankingOur Business Banking Solutions
Working capital
The fuel of business growth, we provide business loan with flexible repayment on VAT trade and equipment loan and other solutions to help manage your expense. To have more control over your monthly outgoings and own your premises, we provide commercial mortgages to support your needs.
Cash management
Take greater control of your treasury functions and efficiently manage payments and cash flows. We can help you to reconcile, monitor and manage your receivables more efficiently. We offer a streamlined cheque authorisation process and we can settle utilities or government-related payments through prompt and secure methods.
Trade services
HSBC's global network in 65 countries, covering 90% of global trade flows and providing you with end-to-end support and guidance. Form Import/ Export, Guarantee & Standby letter of credit to Receivable finance.
Corporate cards
To better manage employee expense and procurement needs, HSBC provides Corporate Card to cover day-to-day expenses. You could also enjoy a waiver of the annual fee for up to 15 cards.
Foreign exchange
We can help you simplify your international transactions. Our Get Rate tool provides a fast, efficient way to make foreign currency payments based on the most current rate and international banking information.
Payroll solutions
We have payroll solutions for every employee in your business. Our solutions will remove manual processes, save your accounts team time and make reconciliation much simpler.
Business loans
Fuel growth with flexible repayment on VAT Trade and Equipment Loans, plus many other solutions to help manage expenses.
Digital solutions
With digitalisation, regulations and more disruptive trends, the world of finance continues to be reshaped. Our insight and support could help your treasury become fully digital and offer efficiencies that could help you stand out in the market.
HSBCnet
Cash management:
- Balance and transaction reporting
- Payment and transfer advising service
- Time deposits
- Cheque outsourcing
- Receivables reconciliations
- Gain more control of your foreign exchange payments with Get Rate
Trade services:
- Import DC applications, DC amendments and import bill instructions
- Import finance
- Export DC confirmation
- Pre-shipment finance and post-shipment finance
- Guarantee applications, amendments and cancellations
HSBC’s digital solutions for trade finance is the most efficient and easy to use on the market, as well as from a risk insurance to keep production running.
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Our Business Banking options and eligibility
We have designed 3 Business Banking options, so you can choose which one fits your business best. All our other products and services will be priced as per our HSBC Corporate Tariff and Charges(PDF, 955KB).
HSBC also provides broader trade finance, cash management, lending and treasury services to all Business Banking customers, subject to credit and other considerations.
Our HSBC Business Banking Oman solutions are available to businesses with an annual turnover not exceeding OMR 11.55m or US$30m equivalent.
Existing HSBC Business Banking customers - your Relationship Manager will shortly be in contact in order to help you transition to an HSBC Business Banking Oman Solution of your choice.
Business Banking Standard | Business Banking Elevate1 | Business Banking Vantage1 | |
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Dedicated service | |||
Dedicated Relationship Manager | Yes | Yes | Yes |
Accounts2 | |||
Minimum Monthly | OMR 200 | OMR 25,000 | OMR 75,000 |
Monthly fee if minimum | OMR 0.525 | OMR 15.75 | OMR 42 |
Current Account | Yes | Yes | Yes |
Call Account | Yes | - | - |
Personal Banking Account | NO | HSBC Premier status for first | HSBC Premier status for first |
Payments | |||
International TT | OMR 5.25 | OMR 4.75 | OMR 3.675 |
Local TT (PP) | OMR 3.15 | OMR 2.415 | OMR 1.89 |
Inward TT (domestic) | OMR 1.05 | OMR 0.525 | Fee free |
Inward TT (International) | OMR 5.25 | OMR 2.625 | Fee free |
Payroll solutions |
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ACH (non WPS) | OMR 0.525 | OMR 0.525 | OMR 0.525 |
WPS | OMR 0.525 | OMR 0.315 | Fee free |
HSBCnet |
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HSBCnet set up | OMR 31.5 | Fee free | Fee free |
HSBCnet monthly fee | OMR 21 | OMR 15.75 | Fee free |
HSBC Corporate Card |
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# of cards waived from annual fee | 0 | 5 | 10 |
1 Preferential rates under the “Elevate & Vantage” solutions are applicable only for online / HSBCnet payments
2 A monthly fee will apply if minimum Relationship Balance not met.
3 Calculated based on the monthly average.
4 Eligibility criteria waived for first 6 months, during this time no credit facilities will be offered, however you can choose to meet our eligibility criteria at any time to benefit from the full service.
Find out more about HSBC Business Banking
Overview
As a thriving business, being focused on the future is key to achieving success. With this in mind, we’ve developed HSBC Business Banking, a suite of carefully crafted banking solutions designed to help your business grow.
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Why HSBC?
HSBC operates in more than 65 countries around the world giving us access to over 90% of all world trade flows .
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Dedicated Service
Your dedicated Relationship Manager will help you optimise your finances so you can focus on your business.
Building Connections
It’s not easy to do business alone in today’s market. We’ll connect you with the right people to help you go further
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Expanding Overseas
In today’s competitive environment, expanding within the region or globally can be a key strategy to improve company performance.
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Knowledge Hub
Being informed is key to success. Here you can access the most up-to-date market news, articles and podcasts.
