Society for Worldwide Interbank Financial Telecommunication, ACH Network Sees 29.1 Billion Payments in 2021, Led by Major Gains in B2B and Same Day ACH. Please refer to the. Standard Chartered Cathay Mastercard Priority Banking. 243 0 obj <>/Filter/FlateDecode/ID[<483DB04D25C22E479D9F9D6D256FFFBB>]/Index[226 32]/Info 225 0 R/Length 92/Prev 465517/Root 227 0 R/Size 258/Type/XRef/W[1 3 1]>>stream Sharable lounge passes are valid for the eligible cardholders, their travel companion or redemption group nominee to use before flights that are marketed or operated by Cathay Pacific. 0000015430 00000 n Learn how to move money from one financial account to another. If you have any concerns about online security or account activities, please call +852 2877 5488 during working hours to contact our service staff and change your password as soon as possible. When entering the information in such fields, the AutoComplete" function would suggest the corresponding data matched from the information being stored for the fields of website address, search engine, stock quotation, name of folder or application, or the information filled in other websites previously. EXTERNAL TRANSFER LIMITS: Debits: Credits: Daily aggregate $ amount. How Long Do External Bank Transfers Take? link. To add an external transfer account. . Please change the password before the expiration date. When you use your debit or credit card, for example, you are setting up an EFT transaction that happens in real-time. You can find a description of the types of tracking technologies, and your options with respect to those technologies, by clicking Learn more below. If you use the web browser on your mobile device to log in the CUBHK's E-Banking, please pay attention to the following matters: Notice: If you commit fraud or any losses incurred due to gross negligence or failure to comply with the above security measures, you shall bear all losses. UWCCB would be the surviving company while CCB would be dissolved in the merger. You will be asked for additional security information to verify your authentication, create a new Password and continue with the login process. You can stop the use of certain third-party tracking technologies that are not considered our service providers by clicking on Opt-Out below or by broadcasting the global privacy control signal. For details, please refer to. Become a Priority Banking client and maintain at least HKD1,000,000 Average Daily Relationship Balance to enjoy annual fee waiver of HKD4,000, Exclusive Priv Privileges which includes Priority Private concierge, gourmet privileges, exclusive benefits with our global luxury hotel partners and Airport Limousine Programme, Cardholders with card issued on or after 1 July 2022 can enjoy Ten Cathay Pacific Business class lounge passes per credit card membership year, sharable to your travel companion or redemption group nominee*; and 1) Priority check-in at Business class counters 2) Enjoy the same priority boarding line for Business class passengers, 25,000 Asia Miles for depositing the first HKD1,000,000 new funds, 200,000 Asia Miles by depositing HKD5,000,000 new funds or above and completing eligible transactions on designated products, Become a Priority Private client and maintain at least HKD8,000,000 Average Daily Relationship Balance to enjoy annual fee waiver of HKD8,000, 10% redemption discount for Hotel Stays, Car Rentals and Travel Experience Awards, 10% miles discount on both dining bills at any Cathay partner restaurants and designated rewards, 10% discount on Asia Miles Mileage Renewal fee, Mileage Transfer fee and purchase of Asia Miles Gift Miles, Your latest residential address proof showing your name. After using the services on CUBHK's E-Banking, make sure to log out and close the window of the internet browser. 0000006466 00000 n ACH payments, by contrast, are processed in batches each day. Standard Chartered Cathay Mastercard Priority Private. For details of the applicable annual fee, please refer to the Credit Card Key Facts Statement. We don't own or control the products, services or content found there. An external transfer is a way to move money electronically from an account in one financial institution to an account in another financial institution. payroll processing on a Friday morning). For details, please refer to Asia Miles websiteasiamiles.com. You can also set up automatic external transfers from an account. . When using the services of CUBHKs E-Banking, this function will automatically show the User Name which was used in the system. Select an account from theFrom Accountdrop-down list, Select an account from theTo Accountdrop-down list, Click or tap theFrequencyfield, then select a frequency. External Transfers Transfer funds between banks With Online Banking, it's easy to transfer funds between your personal Salem Five checking or savings account and your accounts at other U.S. financial institutions. DO NOT disclose your password to anyone. Online banking is also known as Internet banking or web banking. 0000049107 00000 n If a depositor does not conduct any transactions with the Branch within a year, the account will be treated as dormant account. Account statement will not be delivered for dormant accounts. 93 0 obj <>stream You can use external transfers to move money between accounts, to pay friends and family, or (with caution) to pay bills. Yes, the transactions will be charged as outward remittance. For HKEB applicants, the clients should input the User Name set by themselves and the password shown on the password letter first, and then change the above-mentioned information immediately to activate the internet banking service. The information icon will appear to the right of the Amount (s) field. Investors should read and fully understand all the offering documents relating to such products or investments and all the risk disclosure statements and risk warnings therein before making any investment decisions. What is Online Banking? The transfer is aptly named as funds are being transferred outside of the bank currently holding the funds. NMLSR ID 464182. In December 1974, the Ministry of Finance submitted the relevant applications to the Executive Yuan, which then approved the establishment of Cathay United Bank. 3) Ordinance 2016 (the Amendment Ordinance), Cathay United Bank Company, Limited, Hong Kong Branch (CUBHK) is required to identify the tax residence of our account holders. Learn more about the travel privileges and how to claim your lounge passes. in the same amount between the same two deposit accounts held in your name (called " Recurring"). Therefore, to ensure the information of the customer account is secured, please disable the AutoComplete function of the internet browser so that the computer does not automatically fills in the information when entering the User Name. Valid cardholders with card issued before the aforementioned date will also entitle to above Cathay travel privileges every year after the first credit card membership year. External transfers can be used to move money between accounts that you hold at different banks, to send money to the bank account of a friend or family member, or even to pay bills or pay for services. $100,000. 10. If you are asked to make an external transfer to pay for goods or services, it could be a scam, so proceed with caution. Investment involves risks. 11. Visit the HKMA website to learn more about Personal Digital Keys and security tips. Before downloading any applications or opening an email, make sure to execute anti-virus and/or anti-spyware software for scanning the application/email. Never access CUBHK's E-Banking via the link in e-mail, unknown applications or internet search engines. Transfer Fee. 0000000016 00000 n Please avoid storing any account numbers and passwords on mobile devices and web pages. The Branch accepts transactions via fax. Asia Miles redemption are provided by Asia Miles Limited and respective merchants. 0000050637 00000 n Sign in to capitalone.com. This video has not been reviewed by any regulatory authorities in any jurisdiction. Most banking apps will automatically add your recipient to a list of people to whom you can send money, and online banking systems will also remember that certain recipients have already been verified. You should be cautious, as it could be a scam. You can enter an account at a different financial institution in either field if you have setup one of those accounts. TD Bank-Instant transfers: up to $1,000-Scheduled transfers: up to $2,500 . Funds transfers 1. To maximize the combined performance of Cathay Financial Holding, we have implemented measures such as integrating the resources of the two banks, streamlining operational costs, improving operational efficiency, and expanded our services. For subsequent years, Cardholders can enjoy the annual fee waiver so long as Cardholders meet the relevant criteria in the year prior to the next annual fee billing month. Savings account can be used for deposits, remittances, and money transfer while the investment account is targeted at investments and financing. An external transfer is a way to move money between accounts that are in different financial institutions. HlTjT1}?_pO@*J++sXkoyvXg5mw}{7m@bM%_6`|aOQqy}_%j~>L.gGqRq A9I8,O(qD(PukCq)"K) {('Z. As some data (such as password) could be stored in the cache (storage space reserved for temporary data which are used by internet browser), make sure to clean the cache and close the browser. We also reference original research from other reputable publishers where appropriate. Please use the genuine and licensed edition of operating system and software. Investors should note that value of investments can go down as well as up and past performance is not necessarily indicative of future performance. d. 10 sharable Cathay Pacific Business class lounge passes are to be used when Standard Chartered Cathay Mastercard Priority Private is valid. Spyware results in security issues such as security vulnerabilities of keylogger, leakage of personal confidential information and breach of computer security. Here are the tips for securing customers online activities: CUBHKs E-Banking adopts the Transport Layer Security (TLS) encryption technology to ensure that the data submitted by the customer for financial transactions online are encrypted and converted into an encoded form before it is transmitted from the customer's computer so that the data are protected against unauthorized persons from reading your data. External transfers are a fundamental part of the modern banking system, allowing individuals and corporations to move money easily between accounts. To open an account, the customer needs to provide the companys registration documents, including Certificate of Incumbency or Company search document that is valid within 6months. For details, please refer to Mastercard websitemastercard.com.hk. Send your instruction for transactions by fax to save your time. 257 0 obj <>stream There will be no change to the Terms and Conditions and fees and charges will remain unchanged. ACH Transfer Amount Limits. 0000003948 00000 n Otherwise, the password will be expired. Please check and verify your transaction records timely. trailer To get started, log into online banking and follow these steps: Select Transfers at the top of the page, then choose External transfers and wires. For security reasons, some banks have external banking transaction limits that tie to the transaction, day, or month. 0 In the navigation menu, click or tap Transactions > Funds Transfer. Unfortunately, the clients cannot choose because the correspondent banks have already been set up in the system. Set password that is hard to guess. 10, Yongsui Street, Taipei City formally opened for business on 20 May 1975. Customer should know the person with whom they share the use of computer, and should not allow any unauthorized persons to use the computer. ACH Transfers: What Are They and How Do They Work? c. All principal cardholders (Cardholders) of Standard Chartered Cathay Mastercard Priority Banking (Card) issued by Standard Chartered Bank (Hong Kong) Limited (the Bank) will be charged first year annual fee on the third month from Card opening date. For subsequent years, Cardholders can enjoy the annual fee waiver so long as Cardholders meet the relevant criteria in the year prior to the next annual fee billing month. 226 0 obj <> endobj The fees and risks of installment shall be borne by the customers. The Bank is not responsible for any disputes arising from these offers. In order to prevent your personal information from being used by others, please do not write down your personal E-Banking account information in a format familiar to others. Earn 20 Status Points points for every HKD100,000 eligible spending, up to 100 Status Points during the Promotion Period. Cardholders can enjoy an annual fee waiver on their Cards if they are eligible Priority Banking clients and meet the relevant Average Daily Relationship Balance requirement as stipulated by the Bank from time to time (relevant criteria). Incoming domestic: $15 ($0 if coming from Chase). In addition, larger banks can often process ACH payments faster than smaller banks. Many fintech companies are now focused on B2B payments as a segment that needs more streamlining, and ACH is one of the new features they added to execute B2B payments. To prevent any unauthorized access to the CUBHK's E-Banking services and accessing personal account information through other webpages, DO NOT open any windows of another browser or browse other websites when using the CUBHK's E-Banking services. The Bank is not responsible for any disputes arising from these offers. Monthly aggregate $ amount. %PDF-1.4 % The Bank does not send any email with hyperlink or barcode to customers. Then mail the Application Form to the "Deposits Team, Cathay United Bank Hong Kong Branch, 10th Floor, Lee Garden Three, 1 Sunning Road, Causeway Bay, Hong Kong". Larger banks can often process ACH payments faster than smaller banks. If in doubt, Please contact CUBHK. You may access the information via the following link: http://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/tax-residency/#d.en.347760. After creating an identity for the account you wish to transfer into, a bank will automatically save this information. An external transfer may be scheduled at a time of up to 365 days in advance of the date the transfer is to be made, or may be set up as an automatic recurring transfer to be made at substantially regular intervals (e.g., monthly, quarterly, etc.) When you have finished using the CUBHK's E-Banking services, please click Log out to exit, and make sure you have successfully logged out the system. Select a To account. In May 1974, the Conference of Sponsors was convened, creating a bank with an approved capital sum of US$ 12 million. hb``Pf``me```jb@L@q@IIPTYV7=`k`a1aCF >%F9 7$30V(`:xUGAt V]:p4>K\+ s8 5. To the maximum extent permitted by applicable law, HKAB and the Bank and their respective employees, agents and representatives expressly disclaim all or any liability (whether in tort or contract or otherwise) for any loss, damage, costs or expenses of any nature arising from or in connection with this video, in particular: If the liability of HKAB or the Bank or their respective employees, agents or representatives in relation to any matter relating to or arising in connection with this video is capable of limitation (but not indemnification or exclusion), it is hereby limited to the maximum extent that is permitted by law. You can continue to use the existing card before card replacement or renewal. Manage your fund transfer conveniently and promptly with our remittance services covering a wide range of currencies. The process is usually the same, no matter where you are sending the money within the United States. The staff of Cathay United Bank will never ask you to provide the password. Dining benefit:Enjoy 15% off your lunch or dinner at The Lobby from Monday to Thursday (except public holidays), Spa privilege: Enjoy 15% off your 2nd spa treatment at The Peninsula Spa from Sunday to Thursday. In addition to the option of near immediate transfer, ACHs can be scheduled one to two days in advance to ensure transactions are processed on time at a specific time (i.e. For details, please refer to Asia Miles website asiamiles.com. Clients can set the daily transaction limit on the Application Form for HKEB or GMB. Some financial institutions impose limits on external transfers. Money can often be transferred between accounts within the same institution for free. Then, the Branch will send the Password Letter of Internet Banking to the clients' correspondence address via registered mail. U.S. Bank - External Transfers. Internal transfers are used to transfer funds between accounts that you hold at the same institution, such as a savings account and a checking account. The reference date for the merger was 27 October 2003. at other banks. after the password letter is printed. Most online banking portals now offer features to link external accounts to your banking profile. 0000013419 00000 n Incoming international: $15 ($0 if coming from Chase). The clients can download the Application Form and fill in the information, then mail the completed Application Form to Deposits Team, Cathay United Bank, Hong Kong Branch, 10F, Lee Garden Three, 1 Sunning Rd, Causeway Bay, Hong Kong or visit the Branch to apply. The clients can do transactions all day on HKEB. The Asia Miles of this welcome offer include the Asia Miles earned from the prevailing Standard Chartered Cathay Mastercard/Standard Chartered Cathay Mastercard Priority Banking/Standard Chartered Cathay Mastercard Priority Private Rewards Scheme (Rewards Scheme) Terms and Conditions. Customer should also keep the password confidential as suggested below: The User Name is used for identifying the customer's identity when accessing the services of CUBHKs E-Banking. Since these acquisitions and mergers, Cathay United Bank has continued to expand its local branch offices in Taiwan, becoming a private bank with the largest number (165) of branches. A total of 17 national and regional overseas Chinese leaders as well as 17 members of The Bankers Association of Taipei provided 50% of the investment shares to establish UWCCB. Manage your savings flexibly with transactions and withdrawals, and earn interest on your balance. Citibank Global Transfers *. The Bank will call clients for the verification and set up as soon as possible. From now to 30 April 2023, you can enjoy extra miles rewards with your Standard Chartered Cathay Mastercard and earn a total of up to HKD4 = 3 Miles when picking from designated healthcare services in the Quality HealthCare eShop. Suzanne is a content marketer, writer, and fact-checker. 0000009608 00000 n No charges are required for account registration and 2-step verification. With three tiers that recognise different banking relationships with us, each with its own travel, lifestyle and banking privileges new heights await you in every stage. Location code 0-9 A-Z 2 characters . startxref If there is a half-year interest payment date and the account has interest payment, the statement of the current month of the interest payment date will be sent the following month. Asia Miles Limited will credit the Asia Miles that you are entitled to into your registered Cathay membership account. The modern ACH Network experienced significant growth in 2021, with 29.1 billion payments valued at $72.6 trillion, and Same Day ACH payment volume grew nearly 74%. As long as your external account is linked up for transfers, you can make deposits or withdrawals with that external account. For savings accounts,Hong Kong Branch provides USD, HKD, CNY, JPY, EUR, AUD, CAD, NZD, GBP, CHF, SGD, and ZAR accounts. Outgoing domestic: $25 online; $35 in a branch. After the Bank receives the faxed documents from the customer, our staff will contact the customer or the designated transaction contact person via the phone number provided by the customer to confirm the transaction. It may take extra time to set up your first external transfer. # New payroll client is required to start using the auto-payroll services successfully with the Bank within 2 months from Priority Banking sign-up. Disclaimer For information of the Deposit Protection Scheme (DPS) by the Hong Kong Deposit Protection Board, Please directly contact the deposit department at, Application for Transfer / Remittance of Fund, Change of Customer Personal Information Form, Change of Customer Corporate Information Form, Remittance Refund / Amendment / Tracer Application Form, Application for Cheque Stop Payment / Cheque Withdrawal / Current Account Closure, Certificate of Account Balance / Credit Certificate / Monthly Statement Application, Application for Cashier Order or Demand Draft, Application/Cancellation of paper statement, Application Form for Global MyB2B Service, Application Form for Global MyB2B Account Integration. Please go to the [Corporate Governance] area to download the annual report, 2006 prospectus for the merger of Seventh Commercial Bank and capital increase (capital increase coming into force), 2006 prospectus for the merger of Seventh Commercial Bank and capital increase (a draft). While EFT transactions are often processed in seconds, ACH transactions are usually batched. For the definition of Average Daily Relationship Balance, please refer to Service Charges Guide. ACH Transfers vs. Wire Transfers: What's the Difference? Do not use your date of birth, name, ID number, telephone number or similar numbers as your password. }NDY+jwDi:ocu1UWs_VE$\V,7kSp2aI%V/H"0L9( $5H6SmaR $A 4+3pVYpv.%nQJh~[["8$. What Is the Automated Clearing House, and How Does It Work? }NDY+jwDi:ocu1UWs_VE$\V,7kSp2aI%V/H"0L9( $5H6SmaR $A 4+3pVYpv.%nQJh~[["8$, >/Metadata 20 0 R/Pages 224 0 R/StructTreeRoot 44 0 R/Type/Catalog/ViewerPreferences 244 0 R>> endobj 228 0 obj <>/MediaBox[0 0 612 792]/Parent 224 0 R/Resources<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 229 0 obj <>stream Change your password at regular intervals, such as at least every three months (especially if you suspect that your password is leaking, you should immediately change your E-Banking password). Borrow only if you can repay! Do not install any pirate software or software from unknown or unreliable sources. This kind of software requires to be updated regularly for obtaining up-to-date protection on your data. The Bank always adopts strict security standards and procedures to prevent unauthorized persons from obtaining information about you. CUBHK does not provide any official mobile applications (mobile apps) on AppStore and GooglePlay. Cathay Commercial Bank (CCB) was originally founded as the Diyi Xintuo Touzi Gufen Youxian Gongsi [First Trust and Investment Co., Ltd.] which established in June 1971. Additionally, depending on your financial institution's configuration, Same Day ACH transactions may not be available depending on the day of the week or time of day. Financial institutions may limit the number or dollar amount of external transactions you perform in a given period. You may also find useful guidance and further details published by the Inland Revenue Department regarding the AEOI. The merged bank was renamed "Cathay United Bank Co., Ltd." To expand the scope of services provided and our market share, we then acquired Diqi Shangye Yinhang [Seventh Commercial Bank] on 1 January 2007. CATHAY UNITED BANK SWIFT Code Details. Wire Transfer Limits - We reserve the right to impose a limit on the dollar amount of each wire transfer and/or the total number of wire transfers that may be requested. There's no service fee for funds transfer. Some banks require an external account be created and linked before deposits or withdrawals be made into that account. From now till 30 June 2023, earn 388,000 Miles by setting up a 12-month Asia Miles Time Deposit with HKD1,000,000 new funds. For a one-time transfer click or tapOne time transferfrom the drop-down menu, For a recurring transfer, select a frequency from the drop-down menu, In theStart Datefield, select the date for the recurring transfer. Please refer to the, The validity period of Digital Certificate is one year. Avoid installing or executing software or programs of unknown origin and sending personal information or passwords via email. On the Add External Accounts page, do the following: In the Account Number field, enter the account number at the other financial institution. From your Citibank accounts 2 to any Citi account in the U.S. or selected other countries. Stripe is one example of these fintechs. The annual fee of Digital Certificate is HKD400 in the first year and HKD250 from the second year onwards. Install the latest security fixes/patches of operating system and internet browser, and set the password on the computer which is used for accessing CUBHK's E-Banking. The customer is suggested setting the User Name with the combination of English characters and numbers. Select Send a wire transfer, then choose the accounts to transfer money from. $100,000. If you are connected to the CUBHK's E-Banking via a tag or search engine, please check whether the website is authentic. Once the change is made, the internet banking services will be activated. Do not use any computers in public space (e.g., internet cafe or cybercafe) to access CUBHK's E-Banking services as these computers may be installed with hacker program(s) which provide a way for others to access the customer's personal account data fraudulently. Install genuine and licensed edition of security defense software (e.g. $25,000. 0000015346 00000 n You understand the Credit Union has a variety of banking channels and means by which to make External Transfers. Free. In theRepeat Durationfield, click or tap eitherForeverorUntil date. Three, check into their communication avenues. When using the CUBHK's E-Banking services, do not open other internet browsers and browse other websites at the same time. Use different user names and passwords to log into different websites. When selectingUntil date,choose a date for the last recurring transaction, (Optional) Enter information about the transfer in theMemofield, Click or tapTransfer Funds. Nacha is one of the two major ACH networks in the U.S. connecting financial institutions and payments platforms for electronic transactions and clearing. Otherwise, customers may conduct transactions on the Branch's internet banking (transactions are accepted all day long and the transaction time is 9:00 to 15:00 from Monday to Friday). UWCCB flagship office at No. Its important to know your limits for external account transfers. The Promotion Period is from 1 April to 30 June 2023. An external transfer is the movement of money between one financial institution and another. Also, change the password for CUBHKs E-Banking account regularly to protect the personal information. If you have any specific questions regarding your tax residency, please contact your professional tax adviser. Note: The bank reserves the rights of requiring more supportive documents for further review. Under the "external accounts" heading, you can view your linked external accounts. Upon receiving the password letter, clients shall change the User Password and User Name immediately. Local Account Fund Transfer by Credit Card, Cathay Membership Programme Terms & Conditions, Promotion Terms and Conditions for Priority Banking, Promotion Terms and Conditions for Priority Private, Application requirements for the Cathay Mastercard Priority Private / Cathay Mastercard Priority Banking, Locations of the Bank's Service Providers, Personal Information Collection Statement, 4 non-sharable Cathay Pacific Business class lounge passes every 12 months, Priority check-in at the Premium Economy Class counters and priority boarding services, 10 sharable Cathay Pacific Business class lounge passes every 12 months, Priority check-in at the Business Class counters and priority boarding services, Tier 1: Accumulated Eligible Transactions, Tier 2: Accumulated Eligible Transactions, Tier 3: Accumulated Eligible Transactions, Tier 4: Accumulated Eligible Transactions, Up to HKD2 = 1 Asia Mile for eligible spending on Cathay and HK Express, HKD4 = 1 Asia Mile for eligible spending on dining / food delivery platforms, online and overseas spending categories, HKD6 = 1 Asia Mile for eligible spending in other categories which are posted in Hong Kong dollars, Enjoy an exclusive rate of HKD4 = 3 Asia Miles at Cathay partner restaurants. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
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