HSBC offers the convenience of recurring bill payments, so you don't have to make a new payment manually every month. This will automatically deduct the amount from your HSBC bank account and pay it to your selected payee monthly.
Here are the steps to set up a recurring bill payment with HSBC.
Sign in and choose the Pay Bills tab to set up a recurring bill payment through your HSBC bank account. This will bring you to your Bill Pay page where you can select the type of bill and add the recipient's details.
Select the Payments tab on your main HSBC page. Then, click the option for Recurring Payments. A new page pops up with an empty field asking for your account number.
Enter that in, and then, hit search. It will take you to a page where you can choose which account you wish to use to set up recurring payments.
The third step is to enter the information for your recurring bill. This includes the account's name, address and account number, if applicable.
You can also find a list of common payees using the search box in the top right corner of HSBC's home page.
Go to the Bills tab and click the Add Payee button. This will bring you to a page where you can fill in other information about the company or person you want to pay. Go to the Recurring Payment details section.
It will ask you to input a date on which you want HSBC to make this payment every month.
You can set up as many recurring payments as you want with different dates. Click Next.
When you're ready to send your recurring payment, you'll be on the page for the appropriate automatic payment. Review all the information for accuracy and click Submit Recurring Payment when you're ready.
After you enter the information, the system will ask you to confirm it. This is a common security measure by HSBC. Check your statement and ensure you've entered the information correctly.
Once you confirm the information and click Pay, the transaction will automatically process. The bank will take the money out of your account on schedule.
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