With accounts in both Hang Seng Hong Kong and Hang Seng China, remittances can be credited to beneficiary accounts within 3 hours1,2,3,4.
For outward remittances to Hang Seng China from Hang Seng Hong Kong, or inward remittances from Hang Seng China to Hang Seng Hong Kong, corporate customers are entitled to handling fee waivers.
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- The 3-Hour-Remit-Express Service will be offered on a best effort basis. Applicable to all Hang Seng Bank (China) Limited (“Hang Seng Bank (China)”) branches.
- Applicable to any application for outward remittances to Hang Seng Bank (China) which is submitted via Hang Seng Business e-Banking or Hang Seng HSBCnet before 16:30 from Monday to Friday, provided that it is a business day both in Hong Kong and mainland China, and the beneficiary is a commercial customer of Hang Seng Bank (China), and the beneficiary has already submitted all the required supporting documents to the beneficiary bank for validation.
- Service is subject to the fulfillment of the conditions for straight-through processing (e.g. debit account with sufficient funds, correct/complete beneficiary information including beneficiary account number and beneficiary bank's SWIFT BIC code). It is not available for 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 records at Customs. If the remittance proceeds are from Mainland exports, customers are recommended to specify "Mainland China Export Related Proceeds" to facilitate handling by the beneficiary bank.
- The RMB remittance instructions should be provided with correct account name, account number and SWIFT BIC code (applicable to payments processed via Cross-border Interbank Payment 4. System (“CIPS”)) of the beneficiary bank and neither currency exchange nor follow-up action from the Bank. Otherwise, instructions will be processed on the next business day.