How to complete FPS transfer deposit? (ICBC (Asia))

Faster Payment System (FPS) is a rapid payment system launched by the Hong Kong Monetary Authority. It features instant interbank transfers and is mostly fee-free. Below are the specific operation process, arrival times, fees, and precautions for using FPS to deposit funds into Longbridge from ICBC (Asia).

Step-by-step solution

Step 1. Go to the Longbridge App > Deposit > Select deposit currency as HKD > Select bank card > FPS, and copy the FPS ID.

Beneficiary FPS ID	169152691
Beneficiary bank	Industrial and Commercial Bank of China (Asia)
Beneficiary name	Long Bridge HK Limited

Step 2. Go to the ICBC (Asia) App > All > Payment > e-second Transfer-FPS > Payment. Enter your debit account and transfer amount, confirm the transfer information, and complete the transfer.

To transfer funds through online banking, select Account Services > Transfer and Remittance > Local Transfer. Fill in the transfer information and submit the transfer.

Step 3. After completing the transfer, go to the Longbridge App > Portfolio > Deposit. Select the deposit currency and bank information, choose FPS, fill in the remitting bank details, and upload the proof of remittance.

Note: Please upload the proof of remittance and transfer amount immediately after completing the transfer to avoid delays in deposit processing.

Notes

1.Arrival time:

FPS currently only supports HKD deposits. The arrival time is as follows:

Deposit initiation time	Expected arrival time
Hong Kong stock trading days (Monday 09:00–Friday 23:59)	Within 2 hours
Other periods	Before 09:40 on the next Hong Kong stock trading day

2. Transfer fees:

Most banks and stored value payment tools currently do not charge fees, but some institutions may impose charges. Fees are subject to change, so please consult your bank for details. Longbridge does not charge any fees.

3. Transfer limit: Longbridge does not impose any limits for deposits via FPS. Please check if your bank has any transfer limits.

Precautions

Longbridge currently only supports HKD deposits via FPS. **When binding your bank account number, pay attention to the last digit of the number.**ICBC (Asia) integrated account manages multiple sub-accounts with one account number, and the type of the sub-account is indicated by the last digit of your account number. Please note that Longbridge currently does not support binding the integrated account (usually ending with 0) for deposits and withdrawals. Only sub-accounts are supported, as listed below:

「1」: HKD current account
「2」: HKD savings account
「3」: multi-currency savings account
「4」: time deposit account
「5」: USD current account
「6」: CNY current account (only applicable to services activated in Hong Kong that include CNY sub-accounts)
「7」: CNY savings account (only applicable to services activated in Hong Kong that include CNY sub-accounts)
「8」: HKD passbook savings account
「9」: HKD current account

(The above applies to integrated accounts, "e-Age Banking" Accounts, and Elite Club Accounts.)

2. After entering the card number, please ensure that the bank account type you filled in matches the deposit currency(e.g., HKD account for HKD deposits and USD account for USD deposits). An incorrect account type may affect your subsequent withdrawals.

3. The name on the bank account used for the transfer must match the name on your Longbridge account. You cannot use another person's bank account for transfers. Any refund fees incurred due to non-compliance will be borne by you.

4. After you complete the transfer, FPS will instantly transfer the funds to the beneficiary account. However, manual approval is required before the funds are deposited into your securities account.

5. It takes time for the bank to process the transfer. Bank notifications stating "transfer initiated" do not indicate immediate receipt by the beneficiary account. Settlement and approval are required after the funds arrive. Transfers are not processed on Hong Kong public holidays. Please allow sufficient time for processing.

6. Cash deposits are currently not accepted.

Disclosures

The above guide screenshots are provided by users and are for reference only.

If there are any discrepancies between the screenshots and the actual interfaces, the actual bank interfaces shall prevail. Please confirm the content to be filled in with the bank. Longbridge shall not be held liable for any losses resulting from the use of this guide. For your convenience, this guide may contain links to third-party websites. Longbridge takes no responsibility for the content of any websites linked to or from this site.

Furthermore, Longbridge makes no warranty (either express or implied) regarding the accuracy, legality, reliability, or validity of the content of any other websites.