The Finance Algorithm
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Encashment Authority

Encashment Authority (ENA) is used by customers for cashing cheques at alliance bank branches for petty cash. The ENA is issued by HSBC to its alliance bank to remove the risk of a dishonoured cheque up to the limit agreed with the customer.

Savings & transaction accountsBank updated 9 Dec 2025
Apply at HSBC Bank Australia Limited – Wholesale Banking ↗Fees and pricing ↗

At a glance

Pricing
Rates on application

Fees

3 fees published, grouped by when they're charged.

When you take it out1

  • Cheque encashment facility - set up

    Charged per branch

    $100

When you make a transaction1

  • Cheque cashing fee

    Charged for each encashment transaction. The fee is 1.5% of the transaction amount and is a minimum of AUD10 per transaction.

    $10

When particular things happen1

  • Cheque encashment facility amendment

    Charged per amendment per branch

    $50

Features

Unlimited transactions

Eligibility and limits

  • Available to businesses
  • Amount up to $1,000,000

Published by HSBC Bank Australia Limited – Wholesale Banking under the Consumer Data Right, last changed by them on 9 Dec 2025. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.