Statement and Auto-Debit Payment Schedules
Virtual Card Statement Schedule
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Billing period – covers previous month from second to the last day. All posted transactions during this period are included.
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Billing cut-off – the first day of the following month – end of day. If the first of the month is a non-business day, the statement will be generated on the next business day.
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ACH auto-funding – automatically initiated from the NetSuite platform every 20th day of the following month to pay the amount due on the Virtual Card statement. The ACH request will follow the T+1 settlement date, meaning next day following payment initiation. If the settlement date is a non-business day, funding will become available on the next business day.
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Payment due date – 25th day of the following month. If the due date is a non-business day, the payment will be debited on the next business day. HSBC will debit your HSBC Online Account on the payment due date.
Transaction Fees Statement Schedule
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Billing period – covers previous month from the first to the last day.
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Billing statement – the 15th day of the following month.
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ACH auto-funding for monthly invoice – automatically initiated from the NetSuite platform after the invoice becomes available. The ACH request will settle within your account on T+1 settlement day, meaning next day following payment initiation. If the settlement date is a non-business day, funding will become available on the next business day.
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Payment due date – the fifth day after the invoice receipt or generation. If the due date is a non-business day, the statement will be generated on the next business day. HSBC will debit your HSBC Online Account on the payment due date.
To access the statements, go to SuiteBanking > Payment Automation > Dashboard, and click Account Details in the HSBC Online Account portlet. Transaction fees are included as separate invoices that you can access from the Invoices tab of the Statements portlet on the HSBC Online Account page.
For more information about HSBC Processing Fees, refer to HSBC Processing Fees.
HSBC Bank generates monthly invoices that are fetched on the 15th day of every month. In case the 15th day is not a business day, the invoice will be generated on the next business day. An automatic email notification is sent to user who initiated the HSBC application when the billing invoice is available. The invoice will be accessible in the dashboard without the need for manual refreshing.