Express China Remittance Service

Same-day credit for remittances to 97 Mainland cities

Within 3 hours credit for remittances to
Hang Seng Bank (China)

As trading between Hong Kong and Mainland China is growing rapidly, it is vital to boost efficiency in order to capture every business opportunity. As your business partner, we are devoted to enhancing our Mainland China Remittance Service in order to allow you to remit funds to beneficiary accounts in Mainland China to meet your business needs with greater flexibility.

For commercial customers successfully making outward remittances to Mainland China via Hang Seng internet banking before 4:30pm or the relevant cut-off time, the remittance proceeds will be credited to the beneficiary accounts with designated beneficiary banks* in major Mainland cities on the same day. Hang Seng Business e-Banking customers can enjoy free “Hang Seng Business e-Banking e-Alert Services” Footnote remark [1] after successful processing of each remittance transaction.
*Please refer to the table below for details

Conditions	Outward remittance to
Conditions	Hang Seng Bank (China)Footnote remark [2]	Industrial BankFootnote remark [3]	Bank of CommunicationsFootnote remark [4]
Remitters	Commercial customers
Beneficiaries	Hang Seng Bank (China) customers	Industrial Bank customers	Bank of Communications corporate customers
Mainland Cities	19 Mainland Cities	4 Mainland Cities	97 Mainland Cities
Application Channels	Hang Seng HSBCnet, Hang Seng Business e-Banking
Hong Kong Cut-off TimeFootnote remark [5]	4:30pm	3:00pm	4:00pm
Remit Currencies	CNY and other major currenciesFootnote remark [6]	HKD	HKD

Service Enhancement – Credit within 3 hoursFootnote remark [7]

To offer a speedy remittance service, outward remittance to beneficiary accounts held with Hang Seng Bank (China)Footnote remark [2] to be credited within 3 hours.

FAQ for Express China Remittance Service

Existing Customers

Hang Seng HSBCnet Hang Seng Business e-Banking

New Customers

24-Hour Business Partner Direct 2198 8000

Remark:

If the Primary User of Hang Seng Business e-Banking Customer activates the setting of “Outward Payments Notification” for the Designated Account(s) under “Hang Seng Business e-Banking e-Alert Services”, the details of each remittance transaction will be sent after the remittance transaction has been successfully processed to the designated Business e-Banking users via e-mail, SMS or Business e-Banking platform in the manner specified by the Primary Users.
Hang Seng Bank (China) Limited (“Hang Seng Bank (China)”).
Industrial Bank Co., Ltd. ("Industrial Bank").
Bank of Communications Co., Ltd. ("Bank of Communications").
Service is available from Monday to Friday which is a business day in both Hong Kong and Mainland China.
Only applicable to major currencies including HKD, USD, CNY, CAD, GBP, EUR, AUD, CHF, JPY, NZD or other currencies that the Bank may update from time to time.
Service enhancement is only applicable to outgoing remittances to be effected under the Express China Remittance Service and where the beneficiaries of the outgoing remittances are the commercial customers of Hang Seng Bank (China). Before the remittance is credited to the beneficiary account, the beneficiary should have submitted all required supporting documents to the beneficiary bank for verification.

General Terms & Conditions:

Only applicable to the commercial customers of Hang Seng Bank Limited (“the Bank”).
Only applicable for outward remittances to Hang Seng Bank (China), Industrial Bank or Bank of Communications placed via Hang Seng Business e-Banking or Hang Seng HSBCnet.
Service is subject to the fulfillment of the conditions of straight-through processing (e.g. debit account with sufficient funds, correct / complete beneficiary information including beneficiary account number and beneficiary bank's SWIFT code).
Service is not available to large amount remittances, transactions which are restricted by Mainland legal and regulatory authorities and transactions which require foreign exchange or declarations. Export proceeds including prepayment for exports will be placed in a transitory account before validation with the records at Customs.
If the remittance proceeds from Mainland exports, customers are recommended to specify "Mainland China Export Related Proceeds" to facilitate handling by the beneficiary bank.
The Bank reserves the right to vary the offers and amend their terms and conditions without prior notice. In the case of any disputes, the Bank’s decision shall be conclusive. The Bank reserves the right of final decision on all matters relating to the above offers. In case there is any discrepancy between the Chinese and English versions of these terms and conditions, the English version shall prevail.

Service Enhancement – Credit within 3 hours(7)Footnote remark [7]

Existing Customers

New Customers

Service Enhancement – Credit within 3 hoursFootnote remark [7]