You can also set up an immediate transfer, a future dated payment or a recurring payment. Streamline daytoday finance with hsbc s business integrated accounts, deposit and investment solutions, foreign exchange services, commercial cards and multichannel support. When you are ready to cash the cheque, the acceptor must watch you countersign the cheque in the lower lefthand corner. How to write a cheque in hong kong if or if not you have noticed, there is hk dollar predeeding to where you write the amount in full in hk cheques. Renminbi current account for hong kong residents is i to issue cheques in hong kong with any amount and ii to retailers across guangdong province including. The cheque will be in hkd and i want to cash it in hkd when im visiting hk in a week, but i dont have a hk bank account. We can transfer over everything from your direct debits to your salary payments. I realize now i think the reason for the damn cheque book was that even if hsbc no longer charged to transfer money online, boc charged for. If you do write in english, do you put dollars after you put you put the numbers. Form download centre activating your new account commercial tariffs. An hsbc bank cheque is valid for a period of about six months but some banks require a check be cashed within ninety days of the issue date or else the funds go forfeited.
Postdated or expired e cheque will not be accepted. For purchase, please visit any of the branches of bochk. However, there are a number of laws that have a direct bearing on various payment instruments and institutions. Customers are allowed to deposit e cheque to dbs bank account through the e cheque drop box service. Basic savings bank deposit account hsbc bank india. At hsbc, we are dedicated to make everyday banking simpler and more convenient for our valued customers. To update your personal information before placing a cheque order andor the cheque order is being mailed to an address outside canada, please contact us at 1888310hsbc 4722 or visit a branch.
Ultimate guide to hong kong banking hong kong is one of the worlds best banking jurisdictions. Cheque book application form pdf, 33kb smartform telegraphic transferlocal interbank fund transferinhouse transfer pdf, 1. Section 731 of the ordinance, a cheque is a bill of exchange drawn on a banker, that is payable on demand. Hence, if your hong kong dollar current account is overdrawn or line of credit is exceeded, we will automatically transfer the required funds from your hong kong dollar savings account under the same ibs on the following business day. Move moneyallows you to transfer money between both your own and thirdparty accounts, domestically and internationally, in hong kong dollar and other supported foreign currencies. American express travelers cheques currently offer 6 currencies in hong kong and macau. Hsbc hong kong offers a range of bank accounts with 247 online banking services for investments, insurance, credit cards, loans, mortgages and savings. I just got my first pay check from my first ever parttime job ive worked and the pay check is from the bea bank. Good people of hong kong, this is my first post, so hello to everyone.
View, download or print an electronic version of your statement. With a current account, you can manage your money and write cheques for daytoday payments, giving you more flexibility in. Using e cheque to handle daily bill payments or transfers together with an integrated account can make your life easier. Near realtime payments and receipts, up to 24 hours a day. For business customer, e cheque issuance is subject to the daily transfer limit to nondesignated beneficiary accounts. For transactions effected via the unionpay network, the money debited is converted directly into hong kong dollars at the daily exchange rate set by unionpay. Deposit cash using your business debit card, company deposit card, company atm card or hsbc credit card, or by entering any hsbc account number. In this guide, i cover how to open personal and business bank accounts, how to apply for credit, how to set up a merchant account and how to transfer money to and from hong kong. The echeque ecashier order should be made payable to the government of the hong. Im running a small consulting company in china and use a hk ltd to invoice some if my overseas clients. To enjoy added convenience, you may also apply for your new cheque book s via our internet banking, phone banking or atms anytime.
Bank online anytime of the day or night, and from the comfort of your home or office. Your chequing account number which can be found on your existing cheques. Payment services hsbc hong kong commercial banking. Payment of demand draft drawn on hsbc in hong kong. While hsbc is pleased to offer this beyond banking article as an educational service to our customers, hsbc does not guarantee, warrant or recommend the opinion or advice or the product andor services offered or mentioned in this article. How to write a cheque in hong kong flyertalk forums. Services cutoff time hsbc hong kong commercial banking. Hsbc and foreign cheques hong kong forums geoexpat.
They could send the cheque for collection or they could purchase it. The cheque book s will normally be sent out within seven business days after application. Can issue an echeque with amount up to your preset daily transfer limit of nonregistered accounts via personal internet banking, which is capped at hkd400,000 per day must be addressed to a payee and deposited with a bank accepting echeques. Enjoy seamless banking transactions using your new cheque and giro books new cheque and giro books to provide you with more varied services and greater banking access, the integration between hsbc and pt bank ekonomi raharja now renamed pt bank hsbc indonesia will take place in april 2017, subject to regulatory approval. Personal uk cheques cost to cash in while in hk hong. Hsbc bank australia offers a range of accounts, online banking, credit cards, home loans, term deposits, foreign currency accounts and more. If you want to transfer to an overseas bank account, please select the transfers overseas option. The delivery of cheque book to your mailing address is subject to the courier service availability at your locations and is applicable for the clients from valley branches. You can change money at the airport exchange booth for some cash before entering hong kong, but the rates are not as good there. Hong kong courts regard a cheque as being the same as cash in hand, so that the law favors the person who physically holds the cheque in most situations. You can transfer money to hsbc accounts and to accounts held with other banks in hong kong. Its simple and easy to switch your business bank account to hsbc.
If you have any other existing savings account with hsbc in india, you are required to close the same within 30 days from the date of opening the hsbc basic savings bank deposit account, or else we will be constrained to close such other savings accounts that you hold with hsbc india. Citibank provides you with an array of great banking services, taking care of your different needs. The joint cheque clearing service is further expanded to cover rmb cheques drawn on banks in hong kong and presented to banks in guangdong province including shenzhen in march 2006. The cheque should be made payable to the government of the hong kong special administrative region or the government of the hksar. Select the account that you wish to order a replacement chequebook or payingin book for by selecting the appropriate account number on the right hand side of this page. Depends which bank is issuing the cheque and what currency as well. Can be used to make hong kong dollar, us dollar and renminbi payments. I understand hsbc will charge a 100 hkd fee for this since the depositing us dollar cheque hong kong forums geoexpat. Your chequing account number which can be found on your existing cheques or by accessing your estatement in your personal internet banking profile. The e cheque should be made payable to postmaster general and be denominated in hong kong dollars.
Enjoy a minimum account opening balance as low as hkd1,000. Less risk compared to a cheque as it can only be credited to a specific payees. American express travel service offices also offer a variety of foreign currencies to help with your travel needs. It is a company equally owned by the hong kong monetary authority and the hong kong association of banks. Before cheque imaging, any cheque you paid into your account would show as pending until it had been cleared. If the cheque is in hkd and from another local hsbc account, it should show up in the other persons account the following day, but the funds may not be accessible for about 24 hours from when you deposit it, based on my experience note. If there is a conflict between these hsbc expat banking terms. Thus the person who signed the cheque may sometimes find himself being held liable to a complete stranger who has come to have lawful title to it. Hsbc use cookies to give you the best possible experience on our websites.
Start up business bank account l business banking l hsbc. Chequebook definition and meaning collins english dictionary. You can also amend and cancel your instructions at any time through hsbc personal internet banking. Cheque clearance has been an essential operation of a bank for as long as banks have been around. We are proud to be the first bank in hong kong to offer you a choice of two logon options to help you manage your finances with even more flexibility and convenience. This feature simply allows you to submit cheque book request on line. The e cheque book is kept by the paying bank it is environmentally friendly benefits 3. Enjoy a minimum account opening balance as low as usd200.
Hsbc hong kong accounts, insurance, credit cards, loans. Whether youre funding your launch or looking to expand your business, we can arrange small business loans between. From early february 2020, the maximum daily limit for government and utilities bill payments will be adjusted to hkd 999,999 amended. Our 24 hour phone banking services, satisfies your banking needs as you enjoy convenience from the comfort of your home or even when youre abroad. Form download centre hsbc hong kong commercial banking.
According to the hong kong monetary authority hkma, 500,000 cheques were processed each day amounting to 31 billion dollars in hong kong payment, clearing and settlement systems in hong kong, 2011. Remember also to store the purchase record and the cheques separately. Simplify processes with hsbc s range of convenient payment services to help streamline payments, reduce risk exposure and lower processing costs. Easytoread monthly statement listing transactions and account balance information. You are leaving the hsbc commercial banking website. Current account deposits bank of china hong kong limited. Paper cheque clearing hong kong has implemented cheque imaging and truncation in 2003 in which cheques are exchanged in image format. Cheque orders can take 23 weeks depending on processing times and canada post delivery timeframes. Before traveling, you can check the moving of exchange rate. To make it easy for you to manage your money your way, you can access a diverse range of business banking services through business internet banking.
Manage money and issue cheques for daytoday payments. Write cheques in us dollars for daytoday payments, giving you more flexibility in managing your cashflow and finances. Collection is what it is, they send it and wait for it to be cleared and then they credit you. Convenient and realtime fund transfer between your citibank hong kong account and overseas citibank. Stop e cheque via phonebanking is available for business customers only. The maximum daily sublimits for each merchant category are different and you may set via hsbc online banking. Physical cheques are only required to submit for exchange if the cheque amount exceeds a predefined threshold hkd 100,000 any item arousing suspicion will also need to be physically presented.
Seems like banking policies of hong kong banks can change over time and are not personal finance tenets. However i live in hong kong now and ive been struggling to find out the difference between current account and savings account hereand also in singapore, presumably, since the information on banks website has been really obscure. Hong kong interbank clearing limiteds e cheque drop box service website is at. It allows you to transfer money between your own hsbc hong kong dollar accounts immediately. My fatherin law, lives in us, but has a bank account with one of the hong kong bank. Cheque clearance has been an essential operation of a. Quick, convenient and straightforward, personal internet banking from hsbc lets you manage your. Open a business bank account business banking hsbc.
Hong kong whats the difference between current account and. Cheque book request for delivery at your mailing address. Select an account order a chequebook payingin book. Stop e cheque service is available via branch and phonebanking. Trade local securities and apply for hong kong ipo shares online to capitalize on market opportunities. At hsbc we are continually striving to enhance our internet banking services to give you greater convenience and ease of use. The relevant ordinances are set out in the following sections. You have to visit the pay echeque portal and select inland revenue department and the appropriate bill type, enter the bill information and upload echeque to make payment. Trade local securities and apply for hong kong ipo shares online to capitalize on market. Bank tariff guide for hsbc retail banking and wealth management. Terms and conditions for echeque deposit services echeque. Cheque books and bank giro credits, allowing them to issue cheques and deposit cash andor cheques.
American express travelers cheques are available in 7 foreign currencies and various denominations in hong kong and macao. Non hong kong residents may need to obtain approval from the relevant mainland authorities for renminbi remittance to mainland and charges may be involved should the outward remittance be rejected by the. We are proud to be the first bank in hong kong to offer you a choice of two logon options to help you manage your finances with even more flexibility and. Depositing us dollar cheque hong kong forums geoexpat. Sep 11, 2007 if you have thrown them all away, just go into any hsbc high street branch with your cheque book so they can discover the account type and ask for one with a bit of digging, you can usually find details of account charges on the banks web site, however they often have so many different types of account that finding the bright one can take.
Brandnew echeques services bring you a more flexible way to manage your finance. Send money to and receive money from family and friends who bank at other financial institutions in canada with interac etransfer. The hong kong shenzhen joint clearing for usd cheque was launched in july 2004. Hsbc commissioned this article as part of our beyond banking initiative. What are the services available from hsbc internet banking. One of my clients, a fijian limited company, paid an invoice with a cheque in fijian dollars, issued by the bank of south pacific. With hsbc france, access to online banking and benefit from secure online banking services, manage your life insurance and your securities portfolios and manage your hsbc france international accounts. The legal definition of a cheque is stipulated in the bills of exchange ordinance according to. Please note the following when making payments by echeque ecashier order. To meet your financial needs, hang seng bank is committed to providing you with onestop online banking service hang seng personal ebanking. Im a student and im new with the whole bank, pay check and work stuff. The cheque book s will normally be sent out within four business days after application. A business bank account to meet your business needs, if youre a startup, projected turnover is up to. I need to cash a cheque from a company i did freelance work for.
Youll have to pay to do this, unless your cheque book or a cheque from it has been lost or stolen. Hsbc overseas atms, the money withdrawn is converted directly into hong kong dollars at the daily exchange rate set by hsbc plus a foreign currency conversion fee. He insist to send us a cheque from his account with the hk. Current account overdraft protection is not applicable to all staff of standard chartered bank hong kong limited the bank or any persons who have relationship with directorscontrollersemployees with lending authority. Our remittance services allow you to complete a fund transfer in the blink of an eye. Ultimate guide to hong kong banking freedom surfer. Payment, clearing and settlement systems in hong kong sar. Write cheques in us dollars for daytoday payments, giving you more. Please read and follow the instructions in online banking while requesting for cheque book.
An e cheque is regarded as expired if it is issued more than 6 months ago. Current account open bank account standard chartered hong. He insist to send us a cheque from his account with the hk banksome spending. Hong kong is seems to run on charge cards and they are accepted almost everywhere, so it may be wiser to charge everything until you have a bank account set up. If you want to know how much a hong kong bank charges for something, ask a bank in hong kong. Serving more remote areas to provide general banking services. If you issue an e cheque which would either cause your account to be overdrawn or exceed an existing overdraft limit, we may treat this as your informal request for an unauthorised overdraft. Gift cheque bochks exquisitely designed gift cheques are suitable for different special occasions and are ideal gifts for your friends and family members. See the business banking price list for details or give us a call. You should write down on the back of the cheque the shroff account number that was printed on the bottom left of your tax payment voucher. Click here for more currencies and denominations information. Limited, the standard chartered bank hong kong and the hongkong and shanghai banking corporation are legal tender within hong kong.