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.
There are two authorization methods for eDDA:
To explore different bank authorization methods, please refer to the instructions provided in the Longbridge App under "Deposit Bank" -> "eDDa Authorization.
1.Select "Assets" tab - "Deposit Funds" - "Deposit HKD" - "Hong Kong Bank Card"
2.In the Hong Kong bank card list, after selecting the specific deposit bank card, click "eDDA deposit" to apply for authorization
Tip: If there is an eDDA label on the right side of the bank name, it means that the bank supports eDDA deposit. If there is no eDDA label, it means that it does not support eDDA deposit.
3.Confirm the bank authorization information, and click "Confirm Authorization", the system will automatically distinguish whether the user has bound the current bank card:
Note: The maximum amount of HKD in the account is the subsequent single transfer limit. If it is not filled in, it will default to unlimited. Please fill in carefully. After filling in, the deposit is not allowed to exceed the limit.
4.After the submission is successful, wait for the bank's authorization. After the authorization is successful, there will be a push message and email to inform the user.
Note: Different banks have different eDDA authorization processing times. Most banks will have an authorization result in about 5 minutes. Some banks are expected to take 1 working day. Please wait patiently.
You need to go to the bank-side authorized bank: Citibank, Bank of East Asia, China Merchants Bank. For specific operation documents, see:
eDDA Authorization via Bank APP/Web
China Merchants Bank Hong Kong eDDA Authorization Guidelines(Bank Website)
If some banks fail to authorize for many times in the Longbridge app, you can try to authorize on the online banking terminal. For details, see:
HSBC HK eDDA Authorization(Bank Website)
Heng Seng Bank eDDA Authorization(Bank Website)
After the authorization is successful, you can directly go to the eDDA deposit page of the Changqiao App, click "Deposit Now", and it is estimated that the account will be credited in about 5 minutes during the Hong Kong stock trading period.
Deposit Time | Credited Time |
HK Stock Trading Day(Mon 08:00 - Fri 23:59) | Within 5 Minutes |
Other Time | Next HK Stock Trading day |
Free of charge
[Note] If the account balance is insufficient, some banks may deduct the handling fee. For example, HSBC, please ensure that the account has sufficient assets before the transfer, so as to avoid the bank charging fees if the operation fails.
If you are experiencing failures with EDDA authorization, it may be due to several reasons.
Generally speaking, the eDDA authorization processing speed of different banks is different. Some banks will process it faster, such as HSBC, and some banks will process it slower. For example, OCBC Bank usually takes 2 working days to get the result. The specific requirements are Consult the corresponding bank.
If the bank card edda authorization is successful, you are not allowed to delete the bank card directly in the Longbridge app. You need to unbind the edda authorization before you can delete the bank card;
Currently, the Longbridge app does not support deauthorization. You need to go to the corresponding bank online banking to deauthorize;
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.