The legal definition of a cheque is stipulated in the bills of exchange ordinance according to. You can access bocnet hk or cbs online anytime and anywhere to issue and deposit echeques, view the echeque files and enquire their status. I need to cash a cheque from a company i did freelance work for. Cheque outsourcing service bank of china hong kong limited. 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. Are we going to have a hard time to cash the cheque even if we have proper. The oldest trick in the chequebook current accounts 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 convenience. If you do write in english, do you put dollars after you put you put the numbers. We support businesses to trade and grow and help people to manage their money. Simply select the deposit type and period available from the list on your screen.
Each echeque returned due to insufficient funds 3 exceeding rmb cheque limit 4. There are a wide range of different time deposits and deposit periods to choose from. Bank bank codes branch details bank codes for money transfer. Make your crossed cheque out to clp power hong kong limited, and remember to take the deposit slip with printed cheque image after the transaction. You can make hong kong dollar or foreign currency transfer to hsbc, non hsbc or even overseas accounts through selecting new payee on move money. Hsbc premier and hsbc advance integrated services packages come with an investment services account enabling you to trade local stocks and unit trusts through hsbc internet banking orphonebanking. Your business essentials your business operation scale your business beyond hong kong banking digitally. Purchasing travelers cheques is a smart investment choice when the exchange rate is in your favor. Hsbc jintrust large cap equity securities investment fund. For further questions regarding the security device, call 852 2233 3033 for hsbc jade customers, 852 2233 3322 for hsbc premier customers, 852 2748 8333 for hsbc advance customers, 852 2233 3000 for other personal banking customers. However, there are a number of laws that have a direct bearing on various payment instruments and institutions. Also, call up hsbc before you go on your trip and find out the latest rules,fees,charges, etc.
Hsbc offers hong kong dollar savings accounts, multicurrency accounts, passbook accounts, powervantage checking and saving accounts, and others. Bank tariff guide for hsbc retail banking and wealth management. Make a cash payment through a cdm at selected branches of. Hsbc tightens requirements for new bank accounts hong kong. Aug 31, 2016 hong kong still has stringent banking regulations to comply with, meaning there are a couple of devices you should set up at the same time as your bank account. American express travelers cheques currently offer 6 currencies in hong kong and macau. The relevant ordinances are set out in the following sections. Transfer funds from your account with hsbc or deposit cash cheque to settle your credit card account at any hsbcs atm in hong kong. 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. You can settle your bill using the cheque deposit machine at any hsbc or bank of china hong kong branch in hong kong. This limit is shared by all available channels the respective maximum daily transfer sublimit for local atm and personal internet banking is hkd400,000, and for overseas atm and phone banking is hkd50,000. If i am temporarily not able to collect the personal integrated account pack including the users guide, cheque book, atm card with pin, as well as phone.
Making foreign currency or renminbi transfers to some hong kong banks will be charged hkd50. Write cheques in us dollars for daytoday payments, giving you more flexibility in managing your cashflow and finances. Making hong kong dollar or renminbi transfers to most of the banks in hong kong is free. 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. Your deposit can be in hong kong dollars or foreign currencies with the following deposit type and period. However my new cheque books with scb are in bearer form only, and i would have to add in the cross for ac payee only. Hsbc in hong kong provides services such as personal banking, credit cards, loans, wealth management, foreign exchange, investments, insurance among others. Each e cheque returned due to insufficient funds 3 exceeding rmb cheque limit 4.
Additional details about trading on the hong kong stock exchange with hsbc investdirect. The oldest trick in the chequebook current accounts. For more details of minimum deposit amount, please click on the deposit period above. Cheque clearance has been an essential operation of a. If the issuer defaults, the holder of bondscd may not be able to receive back the interest and principal. 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. You can also purchase bonds and certificates of deposit, set up a monthly investment plan, and subscribe to initial public offerings ipos. Listed on the london, hong kong, new york, paris and bermuda stock exchanges, shares in hsbc holdings plc are held by around 200,000 shareholders in 129 countries and territories. For security reasons, your secured email can only be seen when you logon to our hsbc internet banking. The default maximum transfer limit to new payee is set at hkd0 per day. Be sure to take this list with you, as these items will not always be given unless requested. Immediate access anywhere with an internet connection. The maximum daily limit for transfers among your selfnamed accounts is up to the available balance in your account.
I know very well what the difference between a checking account and a savings account is supposed to be in the us mainly that you are not able to withdraw from a savings account more than 6 times in a. Get details of peng chau branch of the hongkong and shanghai banking corporation limited. The ultimate guide to opening a bank account for expats. Hong kong still has stringent banking regulations to comply with, meaning there are a couple of devices you should set up at the same time as your bank account. Hsbc provides easy phone banking and internet banking. I had called hsbc before my trip and they had confirmed with me that there. You can make hong kong dollar or foreign currency transfer to hsbc, nonhsbc or even overseas accounts through selecting new payee on move money. The holder of bondscd bears the credit risk of the issuer and has no recourse to hsbc unless hsbc is the issuer itself. How to write a cheque in hong kong flyertalk forums. Hsbc is a fantastic bank because it is large, solid, has atms and branches all over hong kong and in every mtr station, has multicurrencies available for when you travel, and provides many other services. With the cheque outsourcing service cashiers order, bochk acts on behalf of companies to issue cashiers orders. Bank of china hong kong cheque outsourcing service allows you to manage your payments in a flexible, convenient and reliable manner while enhancing your operational efficiency. This onestop payment solution provides printing and delivery of cashiers order and company cheque hk dollar, us dollar and renminbi are applicable and payment advices to payees, thus saving you time and. Current account open bank account standard chartered hong.
For example, you may receive email confirmations on your transactions and can send us your queries. For your own protection you are required to register these transfer accounts by submitting a request form to any hsbc branch in hong kong. Issued by the hongkong and shanghai banking corporation limited. Checking the serial number of the cheque against those on my existing cheque book it soon became clear that a new cheque book had been sent to me by my bank, hsbc, and was intercepted in the post.
Below is the full list of hsbc hong kong branches locations with addresses and contact details. Section 731 of the ordinance, a cheque is a bill of exchange drawn on a banker, that is payable on demand. There are five types of online payment services, each with their own transaction limit. 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. In march 1865, hsbc opened its doors for business in hong kong. Hsbc provide services for 38 million customers from all over the world. It is the issuer to pay interest and repay principal of bondscd. He insist to send us a cheque from his account with the hk banksome spending money for the kids.
Cheque and document collections network counter payin service bill payment collections autocollect dividend payment service express macau cheque deposit service. Peng chau branch has clearing code 004 and branch code 117. Discover our extensive network of atms, cheque deposit and cash deposit machines. 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. Hsbc tightens requirements for new bank accounts hong. Hsbc was born from one simple idea a local bank serving international needs. Hong kong whats the difference between current account and. You should explain to the person helping you what you need from an account, whether its savings only, chequeing only, both savings and checking. Transfer funds from your account with hsbc or deposit cash cheque to settle your credit card account at any hsbc s atm in hong kong. At hsbc we are continually striving to enhance our internet banking services to give you greater convenience and ease of use.
Cheque clearance has been an essential operation of a bank for as long as banks have been around. You can actually request cheque books with either ac payee only already preprinted or just uncrossed or bearer with hsbc. Hongkong and shanghai banking corporation limited, the all hk offices and head office in hong kong. Business identifier codes bic codes for thousands of banks and financial institutions in more than 210 countries. 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. 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. Based on your needs, payment advices can be printed, as well as mailed or couriered to payees together. Limited, the standard chartered bank hong kong and the hongkong and shanghai banking corporation are legal tender within hong kong. The amount will be confirmed on the instruction acknowledgement, which you will see in the personal internet banking message centre. You will need your security devicemobile security key to complete this transaction. For hong kong, there is no particular meaning or function associated with this design. The payments service enables you to submit payments to selected service providers in hong kong.
My fatherin law, lives in us, but has a bank account with one of the hong kong bank. Mon sat 3549 hong keung street san po kong, kowloon phone. Today we are one of the worlds largest banking and financial services organisations. Clp will also provide you an ereceipt for your records after your cheque has been cleared. Depends which bank is issuing the cheque and what currency as well. My original hsbc cheque book with powervangtage had ac payee only which is also the standard in the uk. Open a current account in standard chartered to accommodate your daily payment, you can have a cheque book and the nobounce cheque protection. For enquiries, please call 852 2233 3322 for hsbc premier customers, 852 2748 8333 for powervantage customers, 852 2233 3000 for other personal banking customers.
Yes, the cheque book is still an important part of hong kong banking life. The address of peng chau branch is wing hing street, peng chau, hong kong. Hsbc customer service hotline on 852 2233 3000 or visit a nearby branch to fill in a form. Hsbc,founded in 1865, is one of the worlds largest banking and financial services organizations. To provide better service, cheque deposit machines in selected locations are available 24 hours a day, 7 days a week. Once the registered account has been set up, simply choose the registered hsbc account option when making your transfer request and select the required account to which you wish to transfer funds. What will happen if i pressed the 1 or 3 key before pressing. I know there is already a question called savings account vs. Current account open bank account standard chartered hk. However, some people complain that there are a lot of bank charges. Before traveling, you can check the moving of exchange rate. Hong kong whats the difference between current account. The hongkong and shanghai banking corporation limited.