INTERNET BUSINESS NEWS-(C)1995-2003 M2 COMMUNICATIONS LTD

Financial institution HSBC Offshore has upgraded its Internet banking service to include more features.

Users can now use the Internet banking service to pay their UK bills from abroad using the BACs system, open new accounts, view more complete account details, receive e-statements or notifications, manage open-ended investment funds, order new cheque books and transfer money.

HSBC also claims that the new Internet service will cut costs for consumers as international transfers are carried out at a lower cost than before.

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