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