Operating Bank Account

When the bank account is opened, the client can conduct its operation in the following ways:

1. Issue checks to settle bills,
2. TT money out of the account to other accounts, in and outside Hong Kong (fill out the TT form and send it to the bank directly or through the agent),
3. Receive money from other parties in and outside Hong Kong in any currency.

The client also can apply for internet banking facility and telephone banking facility for the bank account, so as to enable them to operate the bank account by phone or by Internet. However, the director who has control and who will actually use internet banking facility, will have to pick up the password personally. If the internet banking facility is already functioning, the client can transfer or wire money out of the bank account to other parties.

If the client wants the internet banking facility to be set up under his own name, he will have to come to Hong Kong for password. He can also set up the internet banking facility under the name of HK nominee director. The signatures of nominee directors also appear in the bank account opening form, because they act as authorized signatories.

Note: Sometimes there is partly functioning internet banking facility. It is called partly because client can only transfer money between different accounts, but transfer yo third prty is not allowed. For this facility, the bank can send the password directly to the client.