Cardholders are entitled to the above stated annual fee waiver so long as Cardholders meet the above stated criteria in the annual fee billing month. At the same time, the customer needs to provide the identification document of the directors, shareholders and signatory. The Bank is not responsible for any disputes arising from these offers. Investors should note that value of investments can go down as well as up and past performance is not necessarily indicative of future performance. 226 0 obj <> endobj Cathay United Bank was later renamed as Cathay Commercial Bank (CCB) on 3 July 2002. 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. External transfers are used to send money from your account to a different institution. 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. 9. Its safer to use PayPal, Wise, or Payoneer if you are making a purchase from a seller you dont know since you may recall the money if you have certain issues that are acceptable. Note:The date selected is the date you want the transfer to be processed, not the date the funds will become available. For subsequent years, Cardholders can enjoy the annual fee waiver so long as Cardholders meet the relevant criteria in the year prior to the next annual fee billing month. You may access the information via the following link: http://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/tax-residency/#d.en.347760. After using the CUBHKs E-Banking services, please remember to logout the website and close the internet browser. New cardholders can enjoy HKD1 = 1 Mile! Local Account Fund Transfer by Credit Card, Cathay Membership Programme Terms & Conditions, Promotion Terms and Conditions for Priority Banking, Promotion Terms and Conditions for Priority Private, Application requirements for the Cathay Mastercard Priority Private / Cathay Mastercard Priority Banking, Locations of the Bank's Service Providers, Personal Information Collection Statement, 4 non-sharable Cathay Pacific Business class lounge passes every 12 months, Priority check-in at the Premium Economy Class counters and priority boarding services, 10 sharable Cathay Pacific Business class lounge passes every 12 months, Priority check-in at the Business Class counters and priority boarding services, Tier 1: Accumulated Eligible Transactions, Tier 2: Accumulated Eligible Transactions, Tier 3: Accumulated Eligible Transactions, Tier 4: Accumulated Eligible Transactions, Up to HKD2 = 1 Asia Mile for eligible spending on Cathay and HK Express, HKD4 = 1 Asia Mile for eligible spending on dining / food delivery platforms, online and overseas spending categories, HKD6 = 1 Asia Mile for eligible spending in other categories which are posted in Hong Kong dollars, Enjoy an exclusive rate of HKD4 = 3 Asia Miles at Cathay partner restaurants. The ACH network essentially acts as a financial hub and helps people and organizations move money from one bank account to another. This is because almost all external transfers go through the same systemmore on that below. Tr 'c$PA` w q9hrU70t0h4Ft0u4,~'4BF \ ,}~Q+~J!vS`_p=]]d$?0 >/Metadata 20 0 R/Pages 224 0 R/StructTreeRoot 44 0 R/Type/Catalog/ViewerPreferences 244 0 R>> endobj 228 0 obj <>/MediaBox[0 0 612 792]/Parent 224 0 R/Resources<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 229 0 obj <>stream 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. 0000001076 00000 n This link will direct you to a third party website over which the Bank has no supervision or control. EXTERNAL TRANSFER LIMITS: Debits: Credits: Daily aggregate $ amount. This applies even if the credit card is terminated before the end of the year for which the annual fee is paid. From your Citibank accounts 2 to any Citi account in the U.S. or selected other countries. When using the CUBHK's E-Banking services, do not leave the webpage idle for a long time. 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. On the Funds Transfer page, do the following: 2023 Cathay Bank. Download and update security updates/patches for the computer regularly to protect the computer against known security issues. 0 The process is usually the same, no matter where you are sending the money within the United States. 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. Dining benefit:Enjoy 15% off your lunch or dinner at The Lobby from Monday to Thursday (except public holidays), Spa privilege: Enjoy 15% off your 2nd spa treatment at The Peninsula Spa from Sunday to Thursday. New cardholders2 can enjoy HKD1 = 1 Mile. In addition, larger banks can often process ACH payments faster than smaller banks. Before You Wire Money.. No charges are required for account registration and 2-step verification. In the Routing Number field, enter the routing number of the other financial institution. hbbd```b``"HjRfkH8Bm0,f`2H22M]3#L@&000R 7 /; x}Ko0 To prevent virus attack or other unexpected issues, do not open any attachments in emails from unknown or unreliable sources. The definitions of new funds, existing funds, Asia Miles entitlement calculation and minimum principal amount under AM TD Rewards are detailed in the relevant terms and conditions. The account number of the account from which you are sending funds. Many banks allow you to send $10,000 in a month, but not in one day. Please refer to the, The validity period of Digital Certificate is one year. x}Ko0 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. You can also set up automatic external transfers from an account. Select Frequency and choose desired . Then, the Branch will send the Password Letter of Internet Banking to the clients' correspondence address via registered mail. Do not log in to personal E-Banking accounts on the device which is not yours. For this reason, external transfers via EFT are usually processed faster. Cathay United Bank All rights reserved. While EFT transactions are often processed in seconds, ACH transactions are usually batched. Up to 20 transactions . endstream endobj 92 0 obj <>/Filter/FlateDecode/Index[6 49]/Length 20/Size 55/Type/XRef/W[1 1 1]>>stream In the navigation menu, click or tap Services > Add External Account. How Sending Money on Facebook Messenger Works. Since Taiwan's entry to the World Trade Organization (WTO), we have faced intense competition from multinational financial conglomerates. From now till 30 April 2023, enjoy extra miles rewards and earn a total of up to HKD4 = 3 Miles for designated healthcare services in Quality HealthCare eShop with your Standard Chartered Cathay Mastercard. Select a To account. This video does not and is not intended to identify all of the risks that may be involved in the products or investments referred to in this video. Please be informed that above-mentioned transactions are only available for the same currency. Many fintech companies are now focused on B2B payments as a segment that needs more streamlining, and ACH is one of the new features they added to execute B2B payments. For details, please refer to. If you receive such a request, please call +852 2877 5488 to notify us immediately. CUBHK does not provide any official mobile applications (mobile apps) on AppStore and GooglePlay. Sending money internationally must be done via a wire transfer. Enroll Now The customer is suggested setting the User Name with the combination of English characters and numbers. 1. From second year and onwards, Cardholders will be charged annual fee on the anniversary of Card opening month. 0000013094 00000 n Insurance: Cathay Life Insurance, Cathay Century Insurance, China Life Insurance, Fubon Life Insurance, Taishin Insurance 3. at other banks. Also, change the password for CUBHKs E-Banking account regularly to protect the personal information. Learn more about the travel privileges and how to claim your lounge passes. Please fill in the application form to apply for the password again. Shares would be divided into equal halves to domestic shareholders and overseas shareholders. Miles in this Offer will be credited to Cathay membership accounts associated with his/her Cathay Mastercard Priority Private / Cathay Mastercard Priority Banking. 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). The Bank is not responsible for any disputes arising from these offers. Click on your name/icon in the top right corner. after the password letter is printed. 6"K i,j4N r"~=R)H >z6A]|6jSGqH];mC-"^Ouw_ox]. 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. ACH Transfers: What Are They and How Do They Work? You can learn more about the standards we follow in producing accurate, unbiased content in our. Most online banking portals now offer features to link external accounts to your banking profile. Select Transactions from the left-hand navigation menu and then select Funds Transfer. We also reference original research from other reputable publishers where appropriate. Otherwise, customers may conduct transactions on the Branch's internet banking (transactions are accepted all day long and the transaction time is 9:00 to 15:00 from Monday to Friday). In 1978, in fact, the U.S. government passed the Electronic Fund Transfer Act (EFTA). All requests are subject to approval. Please change the password before the expiration date. For details of the applicable annual fee, please refer to the Credit Card Key Facts Statement. 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. 0000005793 00000 n d. 10 sharable Cathay Pacific Business class lounge passes are to be used when Standard Chartered Cathay Mastercard Priority Private is valid. Online banking allows a user to conduct financial transactions via the Internet. Note: The bank reserves the rights of requiring more supportive documents for further review. In the navigation menu, click or tap Transactions > Funds Transfer. Please avoid storing any account numbers and passwords on mobile devices and web pages. Earn 388,000 Miles by setting up a 12-month Asia Miles Time Deposit with HKD1,000,000 new funds, Earn a maximum of 55,200 Asia Miles annually with designated banking products, From 20 April 2023 to 19 June 2023, by spending HKD10,000 or more in eligible transactions with your Standard Chartered Cathay Mastercard to enjoy extra 2,500 miles (Click herefor terms and conditions). Service Type Token Types Amount Daily Click on "settings". When applying for Internet Banking services, the customer is required to set up his/her own User Name. MEANS OF TRANSFER . Funds transfers 1. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. 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. 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". For the definition of Average Daily Relationship Balance, please refer to Service Charges Guide. If you would like to upgrade your card, please visit https://www.sc.com/hk/cxcard-upgrade/ for more details. Federal Trade Commission. Standard Chartered Cathay Mastercard Priority Banking. The reference date for the merger was 27 October 2003. The offers that appear in this table are from partnerships from which Investopedia receives compensation. For the remittance charges, please refer to Fee Schedule for Deposits and Remittances of Hong Kong Branch for details . 257 0 obj <>stream In addition to the option of near immediate transfer, ACHs can be scheduled one to two days in advance to ensure transactions are processed on time at a specific time (i.e. All types of electronic money transfers are overseen by the U.S. government. Avoid installing or executing software or programs of unknown origin and sending personal information or passwords via email. Yes. Unfortunately, the clients cannot choose because the correspondent banks have already been set up in the system. Investopedia requires writers to use primary sources to support their work. Protect your personal digital keys and beware of fraudulent links. DO NOT use personal ID number, phone number or similar numbers as password. Manage your payment and transfer with cheques, thus reduce the risk of carrying a large amount of cash. . Nacha is one of the two major ACH networks in the U.S. connecting financial institutions and payments platforms for electronic transactions and clearing. 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. While Cathay United Bank Company, Limited, Hong Kong Branch ("the Bank") has endeavoured to ensure the accuracy and reliability of the information contained in this video, neither the Bank nor HKAB guarantees its accuracy, completeness, reliability or fitness for any purpose. . Refund of annual fee: Unless stated otherwise in our banking agreement, if a credit card is terminated (whether by us, you or any supplementary cardholder), we do not refund any annual fee paid. "ACH Network Sees 29.1 Billion Payments in 2021, Led by Major Gains in B2B and Same Day ACH.". Cardholders can enjoy an annual fee waiver on their Cards if they are eligible Priority Private clients and meet the relevant Average Daily Relationship Balance requirement as stipulated by the Bank from time to time (relevant criteria). Yes. 0000008830 00000 n Since these acquisitions and mergers, Cathay United Bank has continued to expand its local branch offices in Taiwan, becoming a private bank with the largest number (165) of branches. However, banks usually make it easier to set up the same transfer again. For details, please refer to Mastercard websitemastercard.com.hk. To ensure you are granted more sufficient protection when making online transactions, if you wish to transfer to a third party's account, you are required to register the related accounts in advance, or make transfer to the said account through 2-step verification. CUBHK will not request customers to provide passwords and related personal information via email or phone calls. $100,000. $45,000 daily limit and $75,000 monthly limit for inbound transfers. Online banking is also known as Internet banking or web banking. This video has been produced by the Hong Kong Association of Banks (HKAB). After receiving the Application Form from clients, the Branch will complete the process within 3 business days. 55 0 obj <> endobj In theRepeat Durationfield, click or tap eitherForeverorUntil date. She has been an investor, entrepreneur, and advisor for more than 25 years. The lounge passes are only valid for the eligible cardholders to use before flights that are marketed or operated by Cathay Pacific. What Is Regulation E in Electronic Fund Transfers (EFTs)? Visit the HKMA website to learn more about Personal Digital Keys and security tips. If the beneficiary's account is in other banks or in other branches of Cathay United Bank, the transaction will be classified as remittance. Want to enjoy prestige travel and lifestyle privileges with your loved ones with Private Banking level banking services? # Terms and Conditions apply. She is a FINRA Series 7, 63, and 66 license holder. 7. If you use electronic tools to store personal information, please ensure that the information is kept confidential to prevent it from being stolen and used by others. Apparently they do a hold on . 0000050637 00000 n If you receive a text message purported to be from the Bank or from an unknown source, you should not respond to them or click on any links. Clients can download and fill in the application form for GMB or application form for HKEB. hVmk9+RJB %wE6gkqGF3mB+4~C`D"NY !P&Z(X(5&F(&Vhbi55^M\/}{z7Xlnv2wVfU1uT;vZbYkya%e`arjszh|}uaT]`d@|i[gCllq\^'*5a}Ld6S6PA(d/&ek8s:xT>X:OJg F'li!UY}i\H"=t A:hCD$i^%2.RLd|1|6$%Rgm|$d(Hgh0cH9>oSH1^ $.{)pTHtI3z0R?Ra M7O{fk@lt9U&3yLxWE@r,cX/d1|Y78TV2x~@hgGl+>O/w1#uPR,_ /o? These transfer limits are shared with your Zelle Payment Service limits. Money can often be transferred between accounts within the same institution for free. Any questions, please call our Customer Service Hotline at (852) 2877 5488. <<71F9B50732EEFC478345DF00C5760076>]/Prev 204898/XRefStm 1319>> We use technologies, such as cookies, that gather information on our website. Here is how to check them: To get started,log intoonline bankingand follow these steps: For the best mobile banking experience, we recommend logging in ordownloading the U.S. Bank Mobile App. Three, check into their communication avenues. For details, please refer to Asia Miles websiteasiamiles.com. Please log in to the. Select Send a wire transfer, then choose the accounts to transfer money from. 0000005403 00000 n Transfer means the debit and credit accounts are openedin the branch. When you log into your online banking portal, use your bank app, or call your banks telephone banking number, you generally have the option to complete two different types of electronic transfers: internal and external. Terms and conditions applies. Larger banks can often process ACH payments faster than smaller banks. You can transfer funds between accounts at your financial institution and also make external transfers to or from an account at another financial institution. 0000049107 00000 n Setting up external accounts for transfers, Creating a payment from an existing template. All Rights Reserved. Financial institutions may limit the number or dollar amount of external transactions you perform in a given period. AD-AAB-ABC-CRT Chase Wire Transfer Fees. 11. They represent a no- or low-cost way to transfer money between accounts. The Promotion Period is from 1 April to 30 June 2023. The reelection of the entire board of directors and election of Chen-yu Tsai as Chairperson of the Board in 1993 served as a turning point for this Company. 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. 0000059320 00000 n You should be cautious, as it could be a scam. 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. Wire Transfer Limits - We reserve the right to impose a limit on the dollar amount of each wire transfer and/or the total number of wire transfers that may be requested. Investment Funds: Cathay Capital, Cathay Securities Investment Trust, Fubon Securities Investment Trust . 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. annual fee waiver in the first year so long as Cardholders meet the relevant criteria in the last two months prior to the annual fee billing month. The password letter will be delivered to clients via registered mail. The amount you are able to send through Zelle depends on your bank's set limits. For the definition of Average Daily Relationship Balance, please refer to Service Charges Guide. Suzanne is a content marketer, writer, and fact-checker. If you use the web browser on your mobile device to log in the CUBHK's E-Banking, please pay attention to the following matters: Notice: If you commit fraud or any losses incurred due to gross negligence or failure to comply with the above security measures, you shall bear all losses. Its important to know your limits for external account transfers. Most banks allow external transfers. With three tiers that recognise different banking relationships with us, each with its own travel, lifestyle and banking privileges new heights await you in every stage. Guide to Payment Types, With Pros and Cons for Each, What Is a Wire Transfer? 0000001656 00000 n There are several different types of external transfers, with EFT (electronic funds transfer) and ACH (automated clearing house) being the most common. # Eligible spending includes Cathay flight tickets, shopping and bookings with Cathay Holidays, and HK Express flight tickets and duty-free items. An external transfer is the movement of money between one financial institution and another. To get started, log into online banking and follow these steps: Select Transfers at the top of the page, then choose External transfers and wires. The Promotion Period is from 1 April to 30 June 2023. If you access the E-Banking services as an entity / company, we suggest you adopting a dual control maker/checker (or above) security mechanism. To expand the scope of services provided and our market share, we then acquired Diqi Shangye Yinhang [Seventh Commercial Bank] on 1 January 2007. 93 0 obj <>stream If you forget your password, please contact the Bank to re-apply. endstream endobj 230 0 obj <>stream 5. New Clients refer to clients who did NOT, in the past 12 months from the date of the current sign up for Priority Private/Priority Banking, hold any product or service with or distributed by the Bank (including but not limited to deposit account (in the case of joint account, unless the new client is a primary account holder to the joint account, he/she will not be considered having held any product or service with or distribution by the Bank), investment services and insurance products underwritten by the third party insurer) except Standard Chartered Credit Cards. The External Transfers Service is available for funds transfers to verified accounts in the United States only, and transfers are made in U.S. dollars only. %PDF-1.7 % c. All principal cardholders (Cardholders) of Standard Chartered Cathay Mastercard Priority Banking (Card) issued by Standard Chartered Bank (Hong Kong) Limited (the Bank) will be charged first year annual fee on the third month from Card opening date. Terms and conditions applies. If you make more than six withdrawals from a savings account in a statement, you'll pay a fee for each additional. 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. There will be no change to the Terms and Conditions and fees and charges will remain unchanged. ACH transfers are a little different from standard EFT transfers. After using the computer, disconnect it from the internet. 0000011137 00000 n The following abbreviations are used for easy reference in Q&A: To prevent any unauthorized person from using accounts, customers should avoid accessing Internet Banking services via any internet services provided in public areas, such as conducting transaction or inquiring account balance on the E-Banking of Cathay United Bank Hong Kong Branch (CUBHK). We thus provided our clients with improved and comprehensive financial services. 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. If you are connected to the CUBHK's E-Banking via a tag or search engine, please check whether the website is authentic. An external transfer may be scheduled at a time of up to 365 days in advance of the date the transfer is to be made, or may be set up as an automatic recurring transfer to be made at substantially regular intervals (e.g., monthly, quarterly, etc.) If the clients do transactions after 3:00 p.m. or on public holidays, the value day will be the next business day. hbbbb`b`` ; 0000000016 00000 n Disclaimer * First 2 years quarterly maintenance fee of Priority Banking will be waived for mortgage clients (borrower or co-borrower). This law put in place consumer protections around specific types of electronic transfers of money. When using the E-Banking services through mobile devices, you should pay attention to various information security measures to prevent unscrupulous people from invading your mobile device through security loopholes. The transfer is aptly named as funds are being transferred outside of the bank currently holding the funds. 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. 0000015430 00000 n Given that there are many types of EFTs, you probably use quite a few of them without realizing it. Only clients who have "Digital Certificate" of GMB can do non-designated account funds transfer and remittance. 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. Send your instruction for transactions by fax to save your time. Asia Miles redemption are provided by Asia Miles Limited and respective merchants. Some financial institutions impose limits on external transfers. This link takes you to an external website or app, which may have different privacy and security policies than U.S. Bank. You may also find useful guidance and further details published by the Inland Revenue Department regarding the AEOI. Select an account from theFrom Accountdrop-down list, Select an account from theTo Accountdrop-down list, Click or tap theFrequencyfield, then select a frequency. DO NOT allow anyone to use your password. /; The clients can do transactions all day on HKEB. Please regularly update the version of anti-virus software and perform the virus scan on your computer. Viewing your limits helps you determine how much can be sent and how much has already been sent out in a given time period for each account. payroll processing on a Friday morning). UWCCB flagship office at No. Enter an Amount to transfer. ACH transfers count towards the six-withdrawal limit on savings accounts. Only clients who have Digital Certificate of GMB can do non-designated account funds transfer and remittance. Please call +852 2877 5488 to contact our staff immediately. Please call the account manager for details. 0000018628 00000 n As an international financial center, Hong Kong has committed to implement AEOI and commence the first information exchanges by the end of 2018, Under the Inland Revenue (Amendment) (No. The reference date for the merger was 27 October 2003. 4. ACH Transfers vs. Wire Transfers: What's the Difference? The clients need to fill in the Application Form for GMB or Application Form for HKEB and Application Form for Designated Beneficiary at the time of account opening. 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. . Information collected will be sent to an unauthorized entity for profit. firewall or anti-virus software) on your computer, and update the virus definition and scan engine at any time to reduce the risk of intrusion by Trojans (backdoor programs), viruses, worms and other malicious codes on your computer and stealing your personal data. endstream endobj 56 0 obj <>/Metadata 4 0 R/Outlines 1 0 R/Pages 3 0 R/StructTreeRoot 6 0 R/Type/Catalog/ViewerPreferences<>>> endobj 57 0 obj >/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 -306.0 -396.0]>>/PageUIDList<0 925>>/PageWidthList<0 612.0>>>>>>/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/XObject<>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 58 0 obj <>stream
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