Overview
Table of Contents
- CPA‑005 & HSBC Format
- Overview Step-by-Step
- HSBC Canadian EFT Setup File Creation Number (FCN)
- Rules for HSBC
- Daily Processing Notes
- Frequently Asked Questions (FAQs)
CPA‑005 & HSBC Format Overview
Key Points:
- Supports credits and debits in the same file
- File size: 1464-byte format
- Transactions can be future-dated (up to 100 days)
- Weekend and holiday transactions process next business day
For HSBC:
- Destination Data Centre: 01600
- Institution format: 0 + 016 + Transit Number
- Routing always begins with 0016
- Example: Transit 10020 → 001610020
Step-by-Step: HSBC Canadian EFT File Setup
Step 1: Create a New Account
- Open Treasury Software Online.
- Click on the '+' across from 'Accounts' at the top of the left navigation bar.
- Choose the 'EFT' radio button.
- Enter a meaningful account name (for example, Operating or Payroll).
- Click 'Create'.
Best Practice: Create a separate account for each bank account if you will be originating EFT files from multiple Canadian banks.
Step 2: Select HSBC
- From the bank list, select HSBC
- Enter 01600 in the Destination Data Centre field
Step 3: Enter Company & Banking Information
Complete the following fields:
- Company Name (short and long as needed)
- 12-digit HSBC Account Number
- Originator/Company ID (provided by HSBC)
- Financial Institution Number:
- Format: 0 + 016 + 5-digit transit
- Must begin with 0016
Step 4: Other Settings
- Leave“Other Codes” as preconfigured (do not modify)
- Offset account is not required in most cases
✅ Click OK / Save Changes to complete setup
File Creation Number (FCN) Rules for HSBC
The File Creation Number (FCN) is required and must be greater than the previous file, but does not need to be sequential.
Key Rules:
- Must always increase compared to prior submissions
- Does NOT need to increment by 1
- Typically managed automatically; rarely needs adjustment
Daily Processing Notes
- Mixed files supported: Debits and credits can be included together
- Future dating: Up to 100 days in advance
- Weekend/Holiday handling: Processed next business day
-
Offset account:
- Defaults to your HSBC account
- Optional and rarely required
-
Returns:
- Sent back to the originating/default HSBC account
- Separate return accounts are not supported
Frequently Asked Questions (FAQs)
1. Do I need to manage the File Creation Number manually?
No. HSBC only requires that it be greater than previous files; manual updates are rarely needed.
2. Can I send credits and debits in the same file?
Yes. HSBC supports mixed EFT files.
3. Do I need to configure an offset account?
No. HSBC uses your default account unless explicitly overridden.
4. Where do returned transactions go?
Returned items are sent back to the originating HSBC account.
Need Help?
Still have questions? Contact Treasury Software Support or visit www.treasurysoftware.com for personalized assistance.
