| Q: |
How can time deposits be placed
online? |
| A: |
Firstly, Primary User(s) must be
authorised by a company to access Time Deposits service. Secondly, a
time deposits account is needed and the account has to be added to a
Business e-Banking portfolio. Please click here to obtain the "Business e-Banking Services
Amendment/Termination Form" to add the account and service to
Primary User. For Secondary Users, such service can be assigned
online by Primary User(s). |
| |
|
| Q: |
Up to how much can Portfolio
Daily Limit for Time Deposits be increased? |
| A: |
Up to HKD10,000,000 (HKD Ten Million)
and this limit also covers transfers between a company's own Hang
Seng accounts designated in the Business e-Banking portfolio. |
| |
|
| Q: |
What are the deposit terms
available for online Time Deposits services? |
| A: |
Only HKD deposit is available for call
deposit with deposit term of 1-day call or 7-day call. The following
deposit terms are available for fixed deposits offered on a variety
of currencies:
| Currency/ Fixed Period |
HKD |
USD |
CNY |
GBP |
AUD |
CAD |
JPY |
NZD |
CHF |
EUR |
THB |
ZAR |
| 1 week |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
N |
N |
| 2 weeks |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
N |
N |
| 1 month |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
| 2 months |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
| 3 months |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
| 6 months |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
| 9 months |
Y |
Y |
Y |
N |
N |
N |
N |
N |
N |
N |
N |
N |
| 12 months |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
N |
Y |
| 18 months |
Y |
Y |
N |
Y |
Y |
Y |
N |
Y |
N |
Y |
N |
N |
| 24 months |
Y |
Y |
N |
Y |
Y |
Y |
N |
Y |
N |
Y |
N |
N |
| 36 months |
Y |
Y |
N |
Y |
Y |
Y |
N |
Y |
N |
Y |
N |
N |
| 48 months |
Y |
Y |
N |
N |
N |
N |
N |
N |
N |
N |
N |
N |
| 60 months |
Y |
Y |
N |
N |
N |
N |
N |
N |
N |
N |
N |
N |
|
| |
|
| Q: |
Is it necessary to select the
maturity instruction at the time a deposit is made? |
| A: |
If it is a fixed deposit, the maturity
instruction must be specified at the time the deposit is made. For
call deposit, the maturity instruction can be advised later. |
| |
|
| Q: |
Will physical advices be sent for
Time Deposits made in Business e-Banking? |
| A: |
Yes, for new as well as renewal
deposits. |
| |
|
| Q: |
How can the maturity instruction
of a deposit be amended after a deposit has been made? |
| A: |
Amendment of maturity instructions for
time deposits is restricted to Primary User(s) only and can be done
one working day, at least, (during office hours) before the deposit
matures. |
| |
|
| Q: |
Can maturity instructions be
amended via Business e-Banking for time deposits placed at
branches? |
| A: |
Yes, by Primary User only and provided
that the time deposits account has been added to the Business
e-Banking portfolio. To add the time deposits account, please click here to obtain the "Business e-Banking Services
Amendment/Termination Form". |
