1. What is eDDA?
eDDA (Electronic Direct Debit Authorization) is a value-added service within the Faster Payment System (FPS) that enables you to authorize Tiger Brokers (hereinafter referred to as 'Tiger') to transfer funds from your bank account to your Tiger account.
Once authorized, you can initiate deposits directly from the Tiger APP. Additionally, Tiger provides a recurring deposit option.
2. Which banks does Tiger support for eDDA fast deposit?
2.1 Tiger-initiated Authorization: HSBC,Industrial and Commercial Bank of China (Asia),Hang Seng Bank,Standard Chartered Bank,Bank of China (Hong Kong),Nanyang Commercial Bank,CHINA CITIC BANK INTERNATIONAL,CMB Wing Lung Bank,Chiyu Bank,ZA Bank,DBS(HK),Airstar Bank,Welab Bank,Livi Bank,Ant Bank (Hong Kong),Dah Sing Bank,China Construction Bank (Asia) Corporation,China Construction Bank Corporation(Hong Kong),and China Merchants Bank(HK)
2.2 Authorization via Mobile/Online Banking: Citibank Hong Kong,The Bank of East Asia,Bank of Communications (Hong Kong),OCBC Wing Hang,and Bank of Communications
3. How to deposit funds using eDDA on Tiger?
3.1 Tiger-initiated Authorization
Step 1: Initiate eDDA quick deposit authorization
Step 2: Once the authorization is effective, initiate the deposit instruction on Tiger
3.2 Authorization via Mobile/Online Banking
Step 1: Check authorization information on Tiger
Step 2: Go to Citibank mobile/online banking to initiate eDDA quick deposit authorization, submit the application, and wait for Tiger's approval
Step 3: Once the authorization is effective, initiate the deposit instruction on Tiger