China Merchants Bank Hong Kong eDDA Authorization Guidelines
What is eDDA?
eDDA (Electronic Direct Debit Authorization) Deposit is a fast deposit method based on "HK FPS". By authorizing bank account, customers can initiate a deposit in Longbridge APP instead of dealing with complex bank transfer. Funds can be transferred from your bank account into your Long Bridge HK Limited account according to your deposit instruction.
Notes：Supported currency of eDDA: HKD only.
Online banking authorization (not supported on mobile)
1.Log in to the Personal Internet Banking of China Merchants Bank Hong Kong Branch, select [Personal Banking Download] under [Personal Business], download the PC application, and log in through [Personal Banking Hong Kong Professional Edition].
2.Choose "All-in-one Card"-"Transfer and Remittance"-"Electronic Direct Debit Authorization"
3.After entering the "Electronic Direct Debit Authorization" page, click "Add Authorization" at the bottom right corner
4.After filling in the newly-added authorization information and submitting it, fill in the information as follows:
| Payment cycle | Please enter according to your needs |
| Effective date | Please set according to your needs |
| Expiration date | Please set according to your needs, it is recommended not to set an expiration date |
| Currency | Hong Kong Dollar |
| Quota | Please enter according to your needs |
| Recipient's name | Fill in the name "Long Bridge HK Limited" |
| Recipient's account opening bank | Select "024-Hang Seng Bank Ltd." |
| Recipient's account number | Fill in "752027854001" |
| Payer's Reference Number | Please fill in your Changqiao account number, which is the "Payer Number" on the Changqiao Authorization Guidelines page |
5.After filling in the confirmation information, click "Confirm Submit"
Waiting for approval
Generally, it takes 1-2 days for bank to verify your application after you submit the authorization request to your bank. Please initiate a deposit request after the bank's authorization is approved which is subject to the notification of the bank.
Credited Time
There is no limit for Long Bridge HK Limited. Please pay attention to whether there is a transfer limit on the bank.
| Deposit Time | Credited Time |
| HK Stock Trading Day | Within 5 Minutes |
| Other Time | Before 09:40 of next HK Stock Trading day |
If the Hong Kong stock market is closed, the credited time will be postponed.
eDDA Deposit Fees
Free of charge
Notice
- Customers need to register important information such as a valid mobile phone number or email address and a newly issued certificate with their bank.
- Long Bridge HK Limited cannot accept incoming funds from third party, and can only accept funds originating from a bank account held in the same name registered with us. Otherwise, the cost of refund will be borne by the customer.
- Bank may take a certain amount of time to process the remittance, and the "remitted" notification from bank does not mean that Long Bridge HK Limited has received the money. And funds are subject to settlement and approval upon receipt. Please be informed that Banks and Long Bridge HK Limited do not handle remittance during Hong Kong Public Holidays, so extra time is needed.
- Long Bridge HK Limited does not accept direct cash deposits at this moment.
Disclaimer
The screenshots of the above guidelines are shared by users and are for reference only. If there is any discrepancy in the screenshot, the actual interface of the bank shall prevail. Please confirm with the bank to fill in the information. Long Bridge HK Limited will not be responsible for any losses caused by this guideline.
These guidelines may contain links to third-party websites for the convenience of users. Long Bridge HK Limited is not responsible for the contents of any websites linked to or from this website. The company (whether express or implied) does not guarantee the accuracy, legality, reliability or validity of any contents on any other websites.