Circulars 681 and 705 of the Bangko Sentral ng Pilipinas:
Revised Check Clearing and Settlement Processes

Effective January 24, 2011, ALL banks are required to return unfunded inward clearing checks to the Philippine Clearing House Corporation or Regional Clearing Centers not later than 7:30am of the day following the original date of presentation. As a result, checking account holders will no longer have the opportunity to fund incoming checks in cases of insufficient account balances.

Please note the following:
   • Checks drawn against insufficient funds will be returned with corresponding penalties       charged to the account
   • Drawing of funds against uncleared deposits (DAUD) will not be allowed
   • Checks with Stop Payment Orders shall be returned automatically

To ensure that your checking account is funded prior to issuing a check, you may avail of the following services:

Balance Triggered Standing Instruction
You can link your current account to your savings account/s and allow the system to automatically transfer the necessary funds to your checking account. To activate this service, please visit your branch of account.

Internet Banking
Enjoy access to your bank accounts, 24 hours a day, and 7 days a week. With HSBC Internet Banking, you can check your account balance and transfer funds to your checking account anytime, anywhere. Plus, you can set SMS Alerts that you can receive through your mobile phone whenever your balance reaches your specified threshold or there is a movement in your account.

Click here to log on to Personal Internet Banking.
Not yet enrolled to HSBC's Personal Internet Banking? Click here to activate your Personal Internet Banking account.

Click here to log on to Business Internet Banking.
Not yet enrolled to HSBC Business Internet Banking? Call 85-878 for details.