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.
Fees
| Fee | Type | Amount |
|---|---|---|
| Cheque encashment facility - set up Charged per branch | Upfront | $100.00 |
| Cheque encashment facility amendment Charged per amendment per branch | Event | $50.00 |
| 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. | Transaction | $10.00 |
Features
- Unlimited transactions
- Unlimited transactions up to the limit amount specified by the customer within a given frequency (e.g. daily, weekly, monthly)
Eligibility
- Business customersCorporate use only. Product offering is subject to approval of credit limit.
Constraints
- Maximum limit — $1,000,000.00The cumulative amount of encashments is subject to the approved credit limit
More Information
Published by HSBC Bank Australia Limited – Wholesale Banking under the Consumer Data Right · Last updated 9 December 2025 · Product ID ENA · View on CDR.gov.au