FUTU HK Help Center-[HK Bank] FPS transfer from Hang Seng Bank
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Help Center Funding Deposit [HK Bank] FPS transfer from Hang Seng Bank

[HK Bank] FPS transfer from Hang Seng Bank

Tips:

1. Your payment account name must be the same as your FUTU Securities account name. Funds transfered from third-party accounts, E-wallets or cash transfers will not be accepted.

2. Your transferred funds needs to be settled and verified after FUTU have received your transfer. 

3. Due to compliance reasons (e.g. channel and country risks) and to protect the safety of your assets, Futu HK may refuse your deposit.  After the refusal, Futu HK will inform you the arrangement of the return of funds, either via the same route, or by other means.

What is FPS Transfer?

FPS Transfer is a fully connected fast payment system for banks launched by the Hong Kong Monetary Authority on 30 September 2018.

● Instant interbank transfers

● Free of charge

● FUTU supports HKD and CNH.

● Use FPS ID for funds transfer rather than account number.

 

1. FPS transfer on Online-Banking APP/Website (Example of deposit in HKD)

Visit Hang Seng Bank website: https://www.hangseng.com

 

Log in personal E-Banking and find [P.P Payment Platform] - [Third-Party/Other Local Banks]. Fill in the form with the following information.

From Account

Select your HKD account

To Account

Non-registered Payee

Method

By Phone Number/Email Address/FPS Identifier

FPS ID

7522014

Receiving Bank

INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA)

Payee's Name

FUTU SECURITIES INTL (HK) LTD

Amount

Enter the amount you need to deposit

Transfer Date

Now

Notes:

1. For your convenience, we recommend you to register FUTU as your frequent beneficiary by ticking the check box [Add to My Payees].

2. Please double check your transfer information before submit.

3. Please capture your screen after transfered for future reference.

 

2. Notify Futu after initiating a deposit

When making a deposit with Futu, clients are required to notify Futu through the Futubull app after initiating the deposit process. This notification step is essential for all deposits, except for those made via bank-securities transfer and eDDA.

Notes:

  • Your deposit cannot be processed unless you send a notification to Futu.

  • The notification is used to identify your deposit information. If you have not made a deposit at a bank, Futu will not automatically deduct funds from your bank account.

2.1 How to submit a notification to FUTU?

  1. Go to the Accounts tab

  2. Select Transfer > Deposit

Additional Notes:

  • For a successful deposit, it is important to notify Futu after initiating a bank transfer and select the correct currency, remitting bank, and deposit method when sending the notification.

  • If Futu does not receive your notification within 20 calendar days, your funds may be returned to the bank.

  • If you make multiple deposits, please send separate notifications for each deposit to Futu accordingly.

 

3. FAQ

3.1 Check deposit history

You can check your deposit status or history in deposit history page. 

PATH: Launch FUTU APP > Accounts > Any Account > More > Funds Records

3.2 Arrival time of deposit

HKD Deposit

Deposit Time Estimated Available Time
Mon 8:00 AM - Fri 3:00 PM Within 2 hours
Other times Before next Mon 11:00 AM

CNH Deposit

Deposit Time Estimated Available Time
Trading day 8:00 AM - 4:00 PM Within 2 hours
Other times Before 11:00 AM next trading day

3.3 Bank fees

Majority of banks do not charge fees at this stage, but FUTU do not guarantee that some institutions do, and FUTU do not guarantee that fees might required in the future. For further details, please consult the bank.

3.4 Other questions

  1. The reference arrival time for depositing HKD is only applicable if the recipient bank is ICBC (Asia) FPS ID: 7522014.

  2. The reference arrival time for depositing CNH is only applicable if the recipient bank is Bank of China (Hong Kong) FPS ID: 1166255.

  3. If margin is used on T day, and the outstanding amount is settled by 08:55 on T+1 day, no interest will be incurred. However, if the outstanding amount is settled after 08:55 on T+1 day, interest for the margin used on T day will accrue and stop accruing on the next trading day.

  4. Funds are transferred instantly to Futu's account via FPS after the customer's transfer. After manual approval, funds will arrive at the customer's Futu Securities account.

  5. The funds deposited before 15:55 on the trading day will appear in the statement on the same day. The funds deposited at other times will appear in the statement on the next trading day.

  6. The above estimated available time is for reference only. The actual available time may be affected by various factors, such as holidays, incorrect information, etc. Please refer to the actual available time.

Disclaimer

  1. The above guide screenshots are shared by users for reference only. If there is any discrepancy between the screenshots and the actual interface of the bank, please confirm with the bank regarding the filling of the content.

  2. FUTU HK may update the relevant content of this article in the help center from time to time without prior notice.

  3. FUTU HK will not be liable for any form of losses caused by this guide or content updates.