---
title: "Virtual Accounts — HSBC Bank Australia Limited – Wholesale Banking"
description: "Transaction & Savings Accounts from HSBC Bank Australia Limited – Wholesale Banking. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/hsbc-bank-australia-limited-wholesale-banking/products/VA
source: "CDR Compare"
language: en-AU
last_updated: 2025-12-09T02:35:55.519Z
---

# Virtual Accounts — HSBC Bank Australia Limited – Wholesale Banking

> Transaction & Savings Accounts from HSBC Bank Australia Limited – Wholesale Banking. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts · Negotiable rates · Corporate and Institutional Banking**

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

## Apply

Applications are handled by the provider: [Apply at HSBC Bank Australia Limited – Wholesale Banking](https://www.business.hsbc.com.au/en-au/products-and-solutions/bank)

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Establishment Fee - Traditional VA — One off establishment charge | Upfront | $1,500.00 |
| Maintenance fee — Charged monthly · Applicable to Traditional VA and Next Generation Virtual Account Management. Monthly fee per physical account | Ongoing | $250.00 |
| Transaction fee - Traditional VA — Fee charged for each transaction made into a virtual account. This is  charged in addition to the usual transaction fees. | Transaction | $0.30 |
| Establishment Fee - Next Generation Virtual Account Management | Upfront | $800.00 |
| Maintenance fee - Next Generation Virtual Account Management — Charged monthly · $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. | Ongoing | $300.00 |

## Features

- **Unlimited transactions** (There is no limit to the number of transactions that can be made into the virtual account)
- **Digital banking** (Applicable to Next Generation Virtual Account Management only. User interface is accessible through HSBCnet. Enables customer to visualise virtual account balances, self-manage certain virtual account parameters (open/close, rename virtual accounts), download virtual account reporting.)
- **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 an optional feature.**

## Eligibility

- **Business customers** (Corporate customers only)

## More information from HSBC Bank Australia Limited – Wholesale Banking

- [Overview](https://www.business.hsbc.com.au/en-au/home-b)

## Data provenance

- Published by HSBC Bank Australia Limited – Wholesale Banking under the Consumer Data Right
- Product ID: `VA`
- Last updated by the provider: 9 December 2025
- Source payload (JSON): https://www.cdrcompare.au/api/raw/hsbc-bank-australia-limited-wholesale-banking/VA
- Provider page: https://www.cdrcompare.au/brands/hsbc-bank-australia-limited-wholesale-banking
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000340

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/hsbc-bank-australia-limited-wholesale-banking/products/VA) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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