For example, a bank may limit external transactions to $5,000 per transaction, $10,000 per day, and $50,000 per month. If a customer is a tax resident in jurisdiction(s)outside of Hong Kong, CUBHK may be required to inform and share information of certain account(s) with HK IRD, and if the IRD has signed an AEOI agreement with that jurisdiction(s). You can enter an account at a different financial institution in either field if you have setup one of those accounts. 4. After the Bank receives the faxed documents from the customer, our staff will contact the customer or the designated transaction contact person via the phone number provided by the customer to confirm the transaction. 0000011137 00000 n
The customer can change his/her User Name and User Password anytime. 0000050637 00000 n
$25,000. Yes, the transactions will be charged as outward remittance. 0000000016 00000 n
Never access CUBHK's E-Banking via the link in e-mail, unknown applications or internet search engines. The password letter will be delivered to clients via registered mail. To expand the scope of services provided and our market share, we then acquired Diqi Shangye Yinhang [Seventh Commercial Bank] on 1 January 2007. 0000001076 00000 n
When applying for Internet Banking services, the customer is required to set up his/her own User Name. . To enable or disable the AutoComplete function, go to Tools, click Internet Options, click the Content tab, click AutoComplete setting option, and uncheck the option User names and passwords on forms. If you receive such a request, please call +852 2877 5488 to notify us immediately. The Organization for Economic Cooperation and Development(OECD) has provided information on the tax residency rules applicable in jurisdictions that are committed to automatically exchanging information. In December 1974, the Ministry of Finance submitted the relevant applications to the Executive Yuan, which then approved the establishment of Cathay United Bank. On the Funds Transfer page, do the following: Select an account from the From Account drop-down list. The expiration date of the password will be shown on the password letter. Yes. Definition and How It Works. Get ready to fly now! We don't own or control the products, services or content found there. Service Type Token Types Amount Daily She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands. Welcome Privileges of Priority Private are only applicable to clients who (i) have not been Priority Private or Priority Banking clients in the past 12 months or (ii) sign up for Priority Private on or before the last day of the next calendar month from the date of signing up for Priority Banking. hbbbb`b`` ;
3) Ordinance 2016 (the Amendment Ordinance), Cathay United Bank Company, Limited, Hong Kong Branch (CUBHK) is required to identify the tax residence of our account holders. Standard Chartered Cathay Mastercard Priority Banking. After creating an identity for the account you wish to transfer into, a bank will automatically save this information. Payment is the transfer of one form of goods, services, or financial assets in exchange for another form of goods, services, or financial assets. This video does not constitute, nor is it intended to be, nor should it be construed as any advice, offer or solicitation to deal in any of the products or investments mentioned in this video. $3,500 daily limit and $12,500 monthly limit for outbound transfers. UWCCB would be the surviving company while CCB would be dissolved in the merger. 2. (If you receive your paycheck via direct deposit, for example, this is a form of recurring external transfer from your employers financial institution to your account.) The customer is suggested setting the User Name with the combination of English characters and numbers. Online banking allows a user to conduct financial transactions via the Internet. This video has been produced by the Hong Kong Association of Banks (HKAB). How Sending Money on Facebook Messenger Works. The customer should click the Logoff button on the right side of the screen to make sure the CUBHKs E-Banking services are ended properly. Borrow only if you can repay! Cathay United Bank reminds you:
For the definition of Average Daily Relationship Balance, please refer to Service Charges Guide. hbbd```b``"HjRfkH8Bm0,f`2H22M]3#L@&000R 7
Suzanne is a content marketer, writer, and fact-checker. %PDF-1.4
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This is because almost all external transfers go through the same systemmore on that below. DO NOT open e-mail messages with unknown origins and attachments. 0000011024 00000 n
The merger contract and other associated issues were resolved and passed in the Board of Directors meeting on 21 April 2003 and approved in 26 June by the Ministry of Finance. All Rights Reserved. If there is a half-year interest payment date and the account has interest payment, the statement of the current month of the interest payment date will be sent the following month. Mail the original copy of the above-mentioned documents to Deposits Team, Cathay United Bank Hong Kong Branch, 10F, Lee Garden Three, 1 Sunning Rd, Causeway Bay, Hong Kong. The Promotion Period is from 1 April to 30 June 2023. In most cases the Credit Union will
Cardholders can enjoy an annual fee waiver on their Cards if they are eligible Priority Banking clients and meet the relevant Average Daily Relationship Balance requirement as stipulated by the Bank from time to time (relevant criteria). You will need: Sometimes, the person or organization to which you are sending money can help you set up a transfer, either by providing these details or even by guiding you through the process of setting up a transfer. 0000005403 00000 n
Please do not include sensitive information such as account numbers or other personal information such as Social Security or Tax Identification numbers, drivers license numbers, etc. Insurance: Cathay Life Insurance, Cathay Century Insurance, China Life Insurance, Fubon Life Insurance, Taishin Insurance 3. Close the windows of other internet browsers before login the CUBHK's E-Banking. When selectingUntil date,choose a date for the last recurring transaction, (Optional) Enter information about the transfer in theMemofield, Click or tapTransfer Funds. If you have entered your Internet Banking user name and password on a phishing website, you are strongly advised to change your password as soon as possible. Unfortunately, we won't accept the application form via Fax. ACH Transfers: What Are They and How Do They Work? Each has different costs and time frames associated with it. The Branch has savings accounts, current accounts, and investment accounts. 0000150669 00000 n
If a depositor does not conduct any transactions with the Branch within a year, the account will be treated as dormant account. Account statement will not be delivered for dormant accounts. 0000050268 00000 n
Download and update security updates/patches for the computer regularly to protect the computer against known security issues. To maximize the combined performance of Cathay Financial Holding, we have implemented measures such as integrating the resources of the two banks, streamlining operational costs, improving operational efficiency, and expanded our services. Investors should not rely on the contents of this video, but should make and rely on their own assessment and evaluation and undertake their own investigations and inquiries and seek all necessary independent advice. When using the services of CUBHKs E-Banking, this function will automatically show the User Name which was used in the system. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. External Transfer Limits The following limits apply for any external checking or savings account linked in Online Banking: $250,000 per transaction $250,000 per account per day $250,000 per month Cancel a Recurring Funds Transfer You can cancel recurring transfers that you've set up in online banking at any time. Select Send a wire transfer, then choose the accounts to transfer money from. Customers are responsible for installing the required software, hardware and other security related equipment. 0000007364 00000 n
Only clients who have Digital Certificate of GMB can do non-designated account funds transfer and remittance. Internal transfers are used to transfer funds between accounts that you hold at the same institution, such as a savings account and a checking account. Please check your monthly statement regularly to make sure your online transactions are made correctly, and notify the branch if you fine any anomaly. EFT payments are initiated in seconds, although it take banks up to 72 hours to fully settle and process the transaction. If you make more than six withdrawals from a savings account in a statement, you'll pay a fee for each additional. Miles in this Offer will be credited to Cathay membership accounts associated with his/her Cathay Mastercard Priority Private / Cathay Mastercard Priority Banking. Do not log in to personal E-Banking accounts on the device which is not yours. Wire transfers are typically conducted via specific bank-to-bank networks like the Society for Worldwide Interbank Financial Telecommunication (SWIFT) or Fedwire systems. in any email sent to us via this link. Investment Funds: Cathay Capital, Cathay Securities Investment Trust, Fubon Securities Investment Trust . Cardholders are entitled to the For the remittance charges, please refer to Fee Schedule for Deposits and Remittances of Hong Kong Branch for details . External transfers can be used to send money to a friend or family memberfor example, to settle a shared expense, or to send money for a birthday or a holiday. Want to enjoy more with more premium travel, lifestyle and banking privileges beyond Miles? After receiving the Application Form from clients, the Branch will complete the process within 3 business days. NMLSR ID 464182. 11. For offer details, please refer to the offer terms and conditions., Enjoy first-year annual fee waiver. An annual fee of HKD2,000 will be charged, Basic Miles: up to 2,000 Asia Miles (HKD4 = 1 Asia Mile for eligible online spending, HKD6 = 1 Asia Mile for eligible spending in other categories); and. This kind of software requires to be updated regularly for obtaining up-to-date protection on your data. No representation or recommendation is made and no liability is accepted with regard to the suitability or appropriateness of any of the products or investments referred to in this video for any particular person's circumstances. Visit the HKMA website to learn more about Personal Digital Keys and security tips. Clients should renew the certificate online before expiration. Please fill in the application form to apply for the password again. Install the latest security fixes/patches of operating system and internet browser, and set the password on the computer which is used for accessing CUBHK's E-Banking. For security reasons, some banks have external banking transaction limits that tie to the transaction, day, or month. AD-AAB-ABC-CRT Cathay Commercial Bank (CCB) was originally founded as the Diyi Xintuo Touzi Gufen Youxian Gongsi [First Trust and Investment Co., Ltd.] which established in June 1971. Remove the spam email whenever it is received. Enroll Now Install reputable anti-virus software on the mobile device and keep the virus definitions updated at all time to ensure the latest security protection. Money can often be transferred between accounts within the same institution for free. the fee table of the Deposit & Remittance Services, https://www.hkma.gov.hk/eng/smart-consumers/beware-of-fraudsters/, Hong Kong Securities and Futures Commission, http://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/tax-residency/#d.en.347760. The Hong Kong Branch's open hours are from 9:00 to 17:00 from Monday to Friday. In addition, larger banks can often process ACH payments faster than smaller banks. In 1978, in fact, the U.S. government passed the Electronic Fund Transfer Act (EFTA). 3. Please use the genuine and licensed edition of operating system and software. To make sure visiting the authentic website of CUBHK's E-Banking, please enter the address. 10, Yongsui Street, Taipei City formally opened for business on 20 May 1975. External transfers are used to send money from your account to a different institution. in the same amount between the same two deposit accounts held in your name (called " Recurring"). For details, please refer to Asia Miles websiteasiamiles.com. If you receive a text message purported to be from the Bank or from an unknown source, you should not respond to them or click on any links. DO NOT allow anyone to use your password. Two, what are the daily & cumulative transfer limits in and out of the account (this was one thing we liked about CIT.) 257 0 obj
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This means that funds sent via ACH can take from one to four days to move from one account to another, depending on the two financial institutions involved in the transaction. Asia Miles redemption are provided by Asia Miles Limited and respective merchants. the contents of or omissions from this video, including any express or implied representations, statements or conclusions; the provision to, or use by, any person of this video or any part of it; the preparation of the information contained in this video; any person relying on, disclosing or using any information or statement contained in or connected with this video. 'Q,[ Hs R2GEF8%]lQ)PmT"O>c6r
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Then mail the Application Form to the "Deposits Team, Cathay United Bank Hong Kong Branch, 10th Floor, Lee Garden Three, 1 Sunning Road, Causeway Bay, Hong Kong". It may take extra time to set up your first external transfer. 1. Check out latest FAQ, forms and other useful information, , , Earn up to HKD4 = 3 Miles at the Quality HealthCare eShop, For regular income earners, please enclose your latest 1 months computer generated Payroll Slip or latest 1 months Bank Statements / Passbook showing your name, account number and salary entries, For irregular income earners, please enclose your latest 3 months computer generated Payroll Slip or latest 3 months Bank Statements / Passbook showing your name, account number and salary entries, For self-employed applicants, please enclose your Business Registration Certificate AND latest Profits Tax Demand Note, Minimum average daily Relationship Balance HKD1,000,000 or above; or, Minimum monthly salary HKD80,000 or above# (only applicable to New Banking Clients);or, Mortgage outstanding amount of HKD5,000,000 or above*, Maintain an average Total Balance at HKD8 million or above, 1. The account number of the account to which you are sending money. The amount you are able to send through Zelle depends on your bank's set limits. The clients can do transactions all day on HKEB. The process is usually the same, no matter where you are sending the money within the United States. Customer should know the person with whom they share the use of computer, and should not allow any unauthorized persons to use the computer. These include white papers, government data, original reporting, and interviews with industry experts. Pay as low as HK$1/day, lifetime benefit limit up to HK$1,500,000 . Federal Reserve System. $45,000 daily limit and $75,000 monthly limit for inbound transfers. This video does not, and is not designed to, satisfy any particular regulatory requirements in any jurisdiction in relation to investor education or otherwise. External transfers are just one of the different types of transfers that you can make, and there are several different types of external transfers that you can use from the average bank account. For this purpose, CUBHK will base on information we have already asked or we may ask customers to complete Self-Certification Form to determine customers' tax residence. # Terms and Conditions apply. Note that due to technological limitations, if you visit our website from a different computer or device, or clear cookies on your browser that store your preferences, you will need to return to this screen to opt-out and/or rebroadcast the signal. Yes, the clients need to fill in the account(s) for outward transfer on the Application Form for transfer and remittance transactions on Internet Banking. You can find a description of the types of tracking technologies, and your options with respect to those technologies, by clicking Learn more below. On the Add External Accounts page, do the following: In the Account Number field, enter the account number at the other financial institution. To add an external transfer account. Monthly aggregate $ amount. Standard Chartered Cathay Mastercard Priority Private. ACH payments are often transacted in two days or less. Therefore, to ensure the information of the customer account is secured, please disable the AutoComplete function of the internet browser so that the computer does not automatically fills in the information when entering the User Name. Other Payment Service - You may also send money typically within minutes to people you know using an account number. Under the "external accounts" heading, you can view your linked external accounts. An external transfer is the movement of money between one financial institution and another. In May 1974, the Conference of Sponsors was convened, creating a bank with an approved capital sum of US$ 12 million. CATHAY UNITED BANK SWIFT Code Details. For example, if Cardholders successfully apply for the Card in July 2021, he/she will be charged the first year annual fee in October 2021, second year annual fee in July 2022, third year annual fee in July 2023 and so on. Select a To account. You can learn more about the standards we follow in producing accurate, unbiased content in our. Started the external transfer from my regular bank account on 3/14/20 and the money entered the cit bank account on 3/17/20 but was not available. Become a Priority Banking client and maintain at least HKD1,000,000 Average Daily Relationship Balance to enjoy annual fee waiver of HKD4,000, Exclusive Priv Privileges which includes Priority Private concierge, gourmet privileges, exclusive benefits with our global luxury hotel partners and Airport Limousine Programme, Cardholders with card issued on or after 1 July 2022 can enjoy Ten Cathay Pacific Business class lounge passes per credit card membership year, sharable to your travel companion or redemption group nominee*; and 1) Priority check-in at Business class counters 2) Enjoy the same priority boarding line for Business class passengers, 25,000 Asia Miles for depositing the first HKD1,000,000 new funds, 200,000 Asia Miles by depositing HKD5,000,000 new funds or above and completing eligible transactions on designated products, Become a Priority Private client and maintain at least HKD8,000,000 Average Daily Relationship Balance to enjoy annual fee waiver of HKD8,000, 10% redemption discount for Hotel Stays, Car Rentals and Travel Experience Awards, 10% miles discount on both dining bills at any Cathay partner restaurants and designated rewards, 10% discount on Asia Miles Mileage Renewal fee, Mileage Transfer fee and purchase of Asia Miles Gift Miles, Your latest residential address proof showing your name. link. Asia Miles Privileges are provided by Asia Miles Limited and respective merchants. 0000004671 00000 n
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This video has been created solely for general information purposes, without taking into account any person's objectives or needs. Learn more about the travel privileges and how to claim your lounge passes.
Bank code A-Z 4 letters representing the bank. For the avoidance of doubt, The Marco Polo Club / Asia Miles membership / Asia Miles loyalty programme / Asia Miles lifestyle award scheme stated herein are referring to the Cathay membership programme. Investopedia does not include all offers available in the marketplace. Do not disclose your user name and password to anyone. 0000049107 00000 n
The Transaction Authorized message appears and confirms that the transfer was processed or will be scheduled to process, Click or tapCloseto set up another transfer, or click or tapManage Transferto review the transfer in the Activity Center. Country code A-Z 2 letters representing the country the bank is in. Electronic Fund Transfer Act,", National Automated Clearing House Association. The Branch accepts transactions via fax. Society for Worldwide Interbank Financial Telecommunication, ACH Network Sees 29.1 Billion Payments in 2021, Led by Major Gains in B2B and Same Day ACH. Customer should know the persons with whom they share the computer and do not allow any unauthorized persons to use the computer. hb```. - $50,000 per day at ATM s. - $50,000 per week. Clients need to change User password and User Name within one month. For the definition of Average Daily Relationship Balance, please refer to Service Charges Guide. All requests are subject to approval. 6"K
i,j4N r"~=R)H >z6A]|6jSGqH];mC-"^Ouw_ox]. For clients using HKEB, they should fill in the Application Form for HKEB and Application Form for Designated Beneficiary of HKEB and mail to Deposits Team, Cathay United Bank, Hong Kong Branch, 10F, Lee Garden Three, 1 Sunning Rd, Causeway Bay, Hong Kong to apply. The clients must use Digital Certificate when executing transactions on GMB. Most banking apps will automatically add your recipient to a list of people to whom you can send money, and online banking systems will also remember that certain recipients have already been verified. The Bank is not responsible for any disputes arising from these offers. HKEB: Please refill in the Application Form for HKEB, select reset User name or User password and sign up, then provide the Application Form to the Branch. All principal cardholders (Cardholders) of Standard Chartered Cathay Mastercard (Card) issued by Standard Chartered Bank (Hong Kong) Limited (the Bank) will enjoy an annual fee waiver on their Cards for a year (beginning from the respective anniversary of the issuance date of their Cards) if they are Priority Banking clients or Premium Banking clients meeting the relevant Minimum Relationship Balance requirement, or payroll account clients. 0000001486 00000 n
<<71F9B50732EEFC478345DF00C5760076>]/Prev 204898/XRefStm 1319>>
From now till 30 June 2023, earn 77,600 Miles by setting up a 12-month Asia Miles Time Deposit with HKD200,000 new funds. For details please refer to, For the terms and conditions of the Welcome Offer, please, **Remarks and Terms & Conditions of Asia Miles Time Deposit Rewards. }NDY+jwDi:ocu1UWs_VE$\V,7kSp2aI%V/H"0L9( $5H6SmaR $A 4+3pVYpv.%nQJh~[["8$. 4. So, very few legitimate uses for external transfers still exist. 0000006466 00000 n
hVmk9+RJB %wE6gkqGF3mB+4~C`D"NY !P&Z(X(5&F(&Vhbi55^M\/}{z7Xlnv2wVfU1uT;vZbYkya%e`arjszh|}uaT]`d@|i[gCllq\^'*5a}Ld6S6PA(d/&ek8s:xT>X:OJg F'li!UY}i\H"=t A:hCD$i^%2.RLd|1|6$%Rgm|$d(Hgh0cH9>oSH1^
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M7O{fk@lt9U&3yLxWE@r,cX/d1|Y78TV2x~@hgGl+>O/w1#uPR,_ /o? Note:The date selected is the date you want the transfer to be processed, not the date the funds will become available. External transfers are a fundamental part of the modern banking system, allowing individuals and corporations to move money easily between accounts. # Eligible spending includes Cathay flight tickets, shopping and bookings with Cathay Holidays, and HK Express flight tickets and duty-free items. Federal Trade Commission. These are the current Zelle sending limits for major banks: Bank of America: $15,000 per 24 hours, $45,000 in a seven-day span and $60,000 every 30 days for small businesses. The annual fee of Digital Certificate is HKD400 in the first year and HKD250 from the second year onwards. As some data (such as password) could be stored in the cache (storage space reserved for temporary data which are used by internet browser), make sure to clean the cache and close the browser. no more than three external transactions in a single day and no more than ten in a single month). There will be no change to the Terms and Conditions and fees and charges will remain unchanged. The Promotion Period is from 1 April to 30 June 2023. The more you deposit, the more Asia Miles you earn! You can also set up automatic external transfers from an account. Sharable lounge passes are valid for the eligible cardholders, their travel companion or redemption group nominee to use before flights that are marketed or operated by Cathay Pacific. DO NOT write down or record the password without keeping it confidential. $10,000 per transaction or $25,000 . 2.New Cardholders are applicants who do not currently hold and have not cancelled any principal card of Standard Chartered Credit Card or MANHATTAN Credit Card issued by Standard Chartered Bank (Hong Kong) Limited in the past 6 months from the date of approval of their current applications for a principal card of the Standard Chartered Credit Cards. If you have any specific questions regarding your tax residency, please contact your professional tax adviser. Unfortunately, the clients cannot choose because the correspondent banks have already been set up in the system. The reference date for the merger was 27 October 2003. Asia Miles Limited will credit the Asia Miles that you are entitled to into your registered Cathay membership account. 0000015005 00000 n
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From now to 30 April 2023, you can enjoy extra miles rewards with your Standard Chartered Cathay Mastercard and earn a total of up to HKD4 = 3 Miles when picking from designated healthcare services in the Quality HealthCare eShop. Three, check into their communication avenues. Please use Automatic Lock and/or Enable Password Lock functions to prevent others from using your mobile device without permission. Please regularly update the version of anti-virus software and perform the virus scan on your computer. At the same time, the customer needs to provide the identification document of the directors, shareholders and signatory. When using the CUBHK's E-Banking services, do not open other internet browsers and browse other websites at the same time. Mobile devices (such as smartphones and tablets) have become an important tool in our daily lives. 0000018138 00000 n
Some banks require an external account be created and linked before deposits or withdrawals be made into that account. 0000001656 00000 n
Using an external transfer, you can send money to an account that you hold or one held by someone else. Select an account from the To Account drop-down list. When entering the information in such fields, the AutoComplete" function would suggest the corresponding data matched from the information being stored for the fields of website address, search engine, stock quotation, name of folder or application, or the information filled in other websites previously. Clients need to apply for the Digital Certificate to do transactions for non-designated beneficiary accounts on GMB. Federal Reserve System. The reference date for the merger was 27 October 2003. 0000013419 00000 n
Cardholders with card issued on or after 1 July 2022 can enjoy Four Cathay Pacific Business class lounge passes per credit card membership year*; and 1) Priority check-in at Premium Economy class counters 2) Enjoy the same priority boarding line for Premium Economy class passengers. %%EOF
How Long Do External Bank Transfers Take? Select a From account. Mr. Tsai initiated the 5-Year Reformation Program and successfully renamed the Company as Huitong Shangye Yinhang Gufen Youxian Gongsi [Huitong Commercial Bank Co., Ltd.] on 16 November 1998.
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