Score of 96.5/100 qualifies for PaymentCheck Certification
HSBC Innovation Bank Limited demonstrates a strong and consistent payment pattern, with an average payment time of just 16 days, well within standard 30-day terms. The vast majority of payments — 95% — are settled within 30 days, indicating a disciplined and reliable payment process. The remaining distribution is minimal, with only 4% falling in the 31–60 day range and 1% exceeding 60 days, suggesting isolated exceptions rather than systemic delays.
With a 95% on-time payment rate and only 5% of invoices classified as late, HSBC Innovation Bank Limited presents a low-volatility payment profile that suppliers can plan around with confidence. The narrow spread across payment buckets — with negligible volume beyond 60 days — indicates highly predictable cash flow behaviour and minimal exposure to extended payment risk. The small late-payment percentage is unlikely to represent a structural issue, and cash flow disruption risk from this client is considered low.
HSBC Innovation Bank Limited is a low-risk, high-reliability payment partner, making it a favourable client for suppliers across most credit and payment terms. The 16-day average payment speed and 95% within-terms rate suggest that standard net-30 terms are appropriate, with little need for protective measures such as advance payments or shortened credit windows. Suppliers may still wish to monitor the 5% late-payment rate on a periodic basis to ensure it does not trend upward, but current data supports extending or maintaining standard credit terms with confidence.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 16 | 95% | 4% | 1% | 5% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 13 | 97% | 3% | 0% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 18 | 92% | 7% | 1% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
42
Suppliers are asked to place their issue in writing to their HSBC main contact point. Business contact and Accounts Payable work with the supplier to resolve payment issue/dispute in accordance with internal investigation and escalation procedures.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
HSBC Innovation Bank Limited is a private limited company operating within the UK banking and financial services sector. As part of the HSBC group, the organisation focuses on serving the innovation economy, providing dedicated banking solutions to technology-driven businesses, start-ups, and growth-stage companies.
The company is registered in England and Wales under company number 12546585 and was incorporated on 3 April 2020. Its registered office is located at Alphabeta, 14-18 Finsbury Square, London, EC2A 1BR, positioning it in one of the capital's prominent financial and technology districts.
As a specialist bank serving the innovation sector, HSBC Innovation Bank Limited provides a range of financial services tailored to the needs of venture-backed businesses, entrepreneurs, and high-growth enterprises. These services typically include business banking accounts, lending facilities, treasury management, and financial solutions designed to support companies at various stages of their growth journey across the UK market.