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.
Category: Transaction & Savings Accounts Last Updated December 9, 2025 Effective June 3, 2026
General Lending Rates
No product information is currently listed. Please make contact with us for more information.
Product Features
- Unlimited Txns Additional Information: Unlimited transactions up to the limit amount specified by the customer within a given frequency (e.g. daily, weekly, monthly)
Product Eligibility
- Business Additional Information: Corporate use only. Product offering is subject to approval of credit limit.
Bank Fees and Charges
- Cheque Encashment Facility - Set Up (Upfront), Amount: 100.00. Additional Information: Charged per branch
- Cheque Encashment Facility Amendment (Event), Amount: 50.00. Additional Information: Charged per amendment per branch
- Cheque Cashing Fee (Transaction), Amount: 10.00. Additional Information: Charged for each encashment transaction. The fee is 1.5% of the transaction amount and is a minimum of AUD10 per transaction.
Limitations & Restrictions (Constraints)
- Max Limit of 1000000.00 Additional Information: The cumulative amount of encashments is subject to the approved credit limit
