Inter-Bank Fund Transfer (BEFTN)

HSBC Bangladesh is pleased to launch inter-bank fund transfer (BEFTN) facility through its Personal Internet Banking (PIB) services from 01 June 2014. This facility will allow you to make paperless inter-bank fund transfers from your HSBC accounts. Furthermore, you will now be able to pay your external credit card bills directly from your HSBC account from home, office or on the go, whenever you want.

What's even better - it's FREE of charge! Get registered today for inter-bank fund transfer (BEFTN) and enjoy the facility from tomorrow!

To register, please follow the steps mentioned below:

• Log in your PIB
• Select "Contact Centre" from the left-hand-side menu
• Then select "Send Message"
• Select "BEFTN Registration" as subject header.
• Type the message "I have read and understood the BEFTN agreement and have agreed with all the Terms and Conditions specified in BEFTN agreement. I request you to activate the BEFTN funds transfer facility for my account and authorize you to set my daily transfer limit to BDT500,000 so that I may use the said facility through Personal Internet Banking."
• Send the message.

Please note that acceptance of the BEFTN agreement is a one-time requirement and you will be enrolled for the service (free of charge) on the next working day of your message sending date. This is a regulatory requirement and we will need your acknowledgement before initiating your first BEFTN transaction.

*Conditions apply

• No hardcopy application required for using inter-bank fund transfer
• Make your own transfer, or on behalf of anyone else
• Available 24/7. Enhanced security by the use of an additional physical security device
• Setup future transfers or recurring transfers that will auto-execute on given dates

BEFTN Payment Schedule*:

To know more about how to use BEFTN service, Click here or contact HSBC contact center at 16240.

* Actual payment may occasionally get delayed from standard schedule due to unavoidable circumstances beyond bank’s control.

• Log in your PIB
• Select "Transfers" from the left-hand-side menu
• Select your debit account from "From account" drop-down list
• Select Local beneficiary from "Transfer to" drop-down list
• Type in beneficiary name in "Name" field, the account number / card number (without space / hyphen) in the "Account number" field
• Select bank & branch name / credit card item from the "Bank and branch name" drop-down list
• Enter the amount in the field "Amount in BDT"
• Click "Transfer now" and complete the transaction