HSBC drops bill pay charges

HSBC drops bill pay charges

HSBC Bank USA is dropping all charges for its Internet banking bill payment service effective today.

Bill Pay customers who did not have a qualifying HSBC relationship had previously been paying $5.95 per month for the service.

John Camp, SVP and manager of personal e-business, comments: "We believe that free Bill Pay offers HSBC a competitive advantage in attracting new customers to the bank as well as providing another value-added service to our existing customers."

HSBC introduced its Web banking service in April 2000 and currently has nearly 500,000 personal Internet banking customers.

Comments: (0)