Electronic Banking Statement and Reconciliation

With the Electronic Banking Statement, a list of all the transactions in any account held by your company at HSBC Bank can be sent to you by electronically for account reconciliation and/or automatic creation of accounting entries.

Features and Advantages

• The Electronic Banking Statement and Reconciliation can be used by any accounting package that accepts statements in MT940 and MT942 SWIFT formats.
• Based on your request, your account transaction entries are created in MT940, MT942 SWIFT or Excel CSV formats.
• In the MT942 format, your statements can be provided daily, weekly or monthly.
• Statements in special formats are also available upon request.
• You can also receive a standard printed statement by mail.
• When companies make automatic accounting entries using the Electronic Banking Statement, records can be updated daily, which minimizes operational margin of error.
• Avoid the confusion of having several PINs to remember for electronic banking services provided by different banks.

For more

For further information please call HSBC Bank Telephone Banking at 444 0 424.