FPS Transfer Express is a fully connected fast payment system for banks launched by the Hong Kong Monetary Authority on 30 September 2018. It has the advantages of fast fund arrival, low fees and 365x24x7 transfer service.
Currently Tiger only supports HKD for FPS Transfer Express to make deposits.
The name of the bank account used to transfer funds must be the same as the name of your securities account.
It will take some time for the bank to process the remittance request and a notification from the bank that the funds have been remitted does not mean that the funds have been received by Tiger Securities. Once the funds have arrived at Tiger Securities, they will need to be cleared and approved. Banks and TIGER do not process remittances on public holidays in Hong Kong, so please allow time for the remittance to be processed.
Please allow time for the remittance to be processed. At present, Tiger Securities does not accept cash deposits through the counter or ATM channels of banks in Hong Kong.
(1) Remittance Process
1. Open the Bank of China (Hong Kong) Mobile App, log in to your personal account, and select "Transfer / Transfer Funds" on the main page.
2. Select "Account Number" and fill in the transfer information.
Beneficiary's name: Tiger Brokers NZ LTD ClientTrustAcademy
Receiving account number: 861512059225 (for deposits in Hong Kong dollars)
FPS identification number: 2022093
Payee's address: UNIT 04, 7/F BRIGHT WAY TOWER NO. 33 MONG KOK ROAD, KOWLOON, HK
SWIFT code of the receiving bank: UBHKHKHHXXX
Full name of receiving bank: 072 Industrial and Commercial Bank of China (Asia)
Country/Region of Receiving Bank: Hong Kong
(To speed up the reconciliation process, please follow the app's instructions to fill in the remittance notes and enter the last digit of the remittance amount after the integer. For example, if you want to remit HKD10,000.00, you can enter HKD10,000.23. This will speed up the process of checking the funds in your account.
3. Check the transfer information, select "Confirm" to transfer the funds, and select "Return" after the transfer is successful.
4. Select "My" - "Last 10 Mobile Banking Transactions".
Select the transaction that you just completed transferring to your Tiger Securities bank account, and click on the arrow in the upper right corner of the transaction to view the details.
5. Save the screenshot of the details page as proof of transfer.
Note: To speed up the process of depositing funds, please provide a screenshot of the complete remittance receipt (as shown above). The intercepted remittance receipt must include the transaction number, deposit account, withdrawal account, amount and date of transfer, otherwise it may be necessary to intercept it again and notify Tiger Securities of the receipt.
(2) Receipt Time (HKD)
HKD10 or equivalent will be deducted from ICBC receipts.
Note that ICBC accounts of different currencies can not be mixed, use the wrong one will lead to automatic exchange, there will be losses.
After the customer completes the transfer, if all the remittance information is correct, the funds from the peer transfer will be instantly transferred to the Tiger Securities receiving account and will need to be manually verified before the funds can be credited to the customer's Tiger Securities account.
The above is the estimated time, the actual bank processing time will prevail.
(3) Bank charges
Both the remitting bank and the receiving bank may charge a handling fee, please refer to the bank's actual charges.
The above guidelines screenshots are shared by users and are for reference only. If there are any discrepancies between the screenshots and the actual bank interface, please check with the bank to confirm the content.
Tiger is not responsible for any loss caused by this guideline. Translated with www.DeepL.com/Translator (free version)