Clarity and transparency

Payment Services Directive

Knowing how important it is to receive complete and transparent information on the cost of the execution of cross-border transfers, HSBC Continental Europe (Spółka Akcyjna) Oddział w Polsce would like to inform you of introduced changes in this respect.

What is the impact of the Payment Services Directive 2 on payments executed by HSBC Continental Europe (Spółka Akcyjna) Oddział w Polsce?

In the light of changes related to the implementation of the Payment Services Directive 2 (PSD2) in the Polish legal system, HSBC Continental Europe (Spółka Akcyjna) Oddział w Polsce being a part of the international group has updated processes and operating systems in accordance with the directive requirements.

As a result, if the transfer is effected to a Member State of the European Union or the European Free Trade Association (EFTA) parties to the Agreement on the European Economic Area (EEA), fees and charges are shared in accordance with SHA principle, i.e. the Recipient pays for fees and charges imposed by its bank and correspondent banks facilitating fund transfers and the Client pays for its fees and charges due and payable to the Bank. The fees and charges due and payable to the Bank incurred by the Client shall be collected from the Client's current account in PLN, indicated to be used for collection of any fees.

In the case of transfer other than mention in clause above, one of the three following charging options may be applied: OUR (fees and charges incurred by the Client), SHA (as stipulated in clause above) or BEN (fees and charges incurred by the Recipient including costs of correspondent banks facilitating funds transfer).

Additional information

Should you have any questions or doubts, do not hesitate to contact us at:

• +48 22 354 05 60 for Corporate Clients
• +48 22 323 91 54 for Individual Clients

The territorial and currency-related scope of the Payment Services Directive

State		Currency
AT	Austria	EUR	euro
BE	Belgium	EUR	euro
BG	Bulgaria	BGN	Bulgarian lev
CY	Cyprus	EUR	euro
CZ	Czech Republic	CZK	Czech crown
DK	Denmark	DKK	Danish krone
DE	Germany	EUR	euro
EE	Estonia	EUR	euro
EL	Greece	EUR	euro
ES	Spain	EUR	euro
FI	Finland	EUR	euro
FR	France	EUR	euro
HU	Hungary	HUF	Forint
IE	Ireland	EUR	euro
IS	Iceland	ISK	Icelandic krona
IT	Italy	EUR	euro
LI	Liechtenstein	CHF	Swiss franc
LT	Lithuania	EUR	euro
LU	Luxembourg	EUR	euro
LV	Latvia	EUR	euro
MT	Malta	EUR	euro
NL	the Netherlands	EUR	euro
NO	Norway	NOK	Norwegian krone
PL	Poland	PLN	Polish zloty
PT	Portugal	EUR	euro
RO	Romania	RON	Romanian leu
SE	Sweden	SEK	Swedish krona
SI	Slovenia	EUR	euro
SK	Slovakia	EUR	euro
UK	United Kingdom	GPB	pound sterling