HSBC FPS Deposit Guidelines

What is FPS?

FPS is a fast payment system fully connected to banks launched by the Hong Kong Monetary Authority on September 30, 2018. Features are as follows:

• Instant inter-bank transfer
• Free of charge
• 365x24x7 transfer service
• Fast payment via FPS identification code
• Customers do not need to register with a mobile phone number or email address to transfer funds

How to use FPS to deposit?

1.On the Longbridge FPS deposit page, copy the Longbridge FPS ID

2.Download the Banking App in the mobile App Store or App Store and log in.

3.Log in to the HSBC App, enter the homepage and select [Pay&Transfer], click [Other local payees/FPS] to select the beneficiary who needs to remit.

3. Select the bank account for remittance and click to check.

4. Click "Pay someone new".

5. Click "Select a method", and then click "FPS ID" after the drop-down pop-up box is displayed. Input Long Bridge' s FPS ID

6.Please click「continue」after entering the transfer amount and remittance remarks.

7.After the verification is completed, the payee information is added.

8.Upload the FPS remittance voucher on the Longbridge App

After completing the transfer, please upload the transfer voucher and the transfer amount immediately, otherwise it will affect the progress of the deposit. Steps:

• Open the Longbridge App and enter the「Assets-Deposit Funds」module.
• After selecting the deposit currency and bank information, select FPS and upload the remittance transfer voucher.

Deposit time and cost

Estimated time for the deposit

Trading session is expected within two hours of funds credited into account, other times is expected to take one business day.

Deposit transfer fee

Most banks and stored-value payment instruments do not charge fees at this stage, but there is no guarantee that some institutions will charge them, nor that there may be different charging arrangements in the future. Please consult your bank for details. Longbridge Securities does not charge fees.

Transfer limit

Currently, Long Bridge does not have any limit for FPS deposits, but please pay attention to whether there is a transfer limit on the bank side.

Tips

1.Currently, Longbridge only supports FPS deposits in HKD.

2. 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.

3.After the customer completes the transfer, the FPS system will instantly transfer the funds to the Longbridge receiving bank. Manual approval is required before the funds can be deposited into the customer's Longbridge account。

4..It takes a certain amount of time for the bank back office to process the remittance application. The bank has remitted it does not mean that Longbridge has received the money. Banks and Longbridge do not handle remittances during Hong Kong holidays, please plan the remittance processing time in advance

5.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.