Virtual Accounts
HSBC offers two types of Virtual Accounts (VA): (1) Traditional VA - A unique reference number in the format of a BSB and account number that payors can use to make a payment to help Wholesale banking customers with payor identification; (2) Next Generation Virtual Account Management - A solution that can help reduce the number of physical bank accounts held by the customer and streamline bank account management and reconciliation activities
- Pricing
- Rates on application
- Monthly fee
- $550
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Maintenance fee - Next Generation Virtual Account Management | Periodic | $300 | Every 1 mo | $1 per virtual account, subject to a minimum charge of $300. Monthly fee per virtual account. This is charged in addition to the maintenance fee for the physical account. |
| Maintenance fee | Periodic | $250 | Every 1 mo | Applicable to Traditional VA and Next Generation Virtual Account Management. Monthly fee per physical account |
| Transaction fee - Traditional VA | Transaction | $0.30 | — | Fee charged for each transaction made into a virtual account. This is charged in addition to the usual transaction fees. |
| Establishment Fee - Next Generation Virtual Account Management | Upfront | $800 | — | — |
| Establishment Fee - Traditional VA | Upfront | $1,500 | — | One off establishment charge |
- · Receivables reporting Virtual account transactions are identifiable in the regular bank statement. However, a dedicated report for receipts, including receipts into a virtual account, is available as…
- · Available to businesses
Put this product through a calculator
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.