To apply ICBC (Asia) Smart Account

Successful applicants will get their unique account number via email. Normally, the procedure takes 2 to 3 working days.

There are large variations in the levels of service charges among banks. For remittance, ICBC (Asia) charges HKD 60 for each transaction (remitting charges are not included).

Please submit your deposit advice/slip by fax at +853 2878 1879, or email it to csd@hantec.com after transferring the deposit for confirmation.

Application for the Smart Account at ICBC(Asia) Ltd

Sample of Application for Fund Transfer

FAQ

Q1: What is ICBC Smart Account?

ICBC Smart Account is a banking service provided by ICBC (Asia). It is an individual subsidiary account under the aggregate account of Hantec (NZ) Company Limited.

Q2: What are the advantages of holding an ICBC Smart Account?

It is accurate, efficient, safe and applicable. Clients can have their unique account numbers to fund their trading account directly.

Q3: How to apply for ICBC Smart Account?

You can simply apply from HNZ. After receiving the application, HNZ will redirect your application to ICBC (Asia) to open a subsidiary account.

There are THREE ways for application:

• Send us (csd@hantec.com) with registered email address with subject “Application for ICBC Smart Account”. Just drop us your HNZ Account Number and Name in the content of the email and our Customer Service Officer will contact you soon.
• Simply give a call to our Customer Service Department
• Submit “Application for ICBC Smart Account” to our Customer Service Department. For new clients, you can enclose the form with the other account opening materials.

Q4: How to deposit the payment?

If the account is successfully created, you should receive an email from HNZ with the subsidiary Account Name and Number. Please follow the instruction listed on “ICBC Smart Account Opening Confirmation Letter” to fill in “Application for funds transfers (Oversea)” for overseas remittance.

Q5: How can I deposit to my Subsidiary Account?

ICBC Smart Account can receive wire transfer, Clearing House Automated Transfer System (CHATS), cash, cheque, ATM transfer and Internet payment.

Q6: Is there any limit on deposit to ICBC Smart Account?

It depends on the means of funding.

Q7: Is there any restriction on deposit to ICBC Smart Account?

No. Client can deposit to ICBC Smart Account through any bank. However, deposit through ICBC will be the quickest way.

Q8: How long does the deposit take?

Wire transfer’s cost and time is according to the gateway of money transfer, region and the dedication of FX services in transaction branches. The transaction to the ICBC Smart Account will be done in the same day generally, if it is made in any branch of ICBC(Asia) containing FX services; the period of time and cost will be affected by the regions and gateway, if it is done by any other channels.

Q9: How much does the deposit charge?

The service charge is depended on the gateway of deposit. Through wire transfer in China banks, there is a deposit fee. Also, ICBC will charge HKD60 for each transaction.

Take the cross bank transaction as an example. If the deposit is made from China Construction bank to ICBC (Asia), first, it should be from The China Construction Bank to The China Construction Bank (Asia) (The Hong Kong Branch), and then through CHATS to ICBC (Asia). Due to a complicated transaction route, the cost will be higher.

Please notice that the Postal Savings Bank of China doesn’t have an official agent in Hong Kong. Since the deposit will be made by a third party agent, the transaction made from the Postal Savings Bank of China will be of much higher cost than any other banks.

Q10: Clients have deposit to the bank account, but why can’t they receive the money?

There are numbers of reasons:

• If the deposit needs to go through several third party agents, it takes longer time to process;
• The bank may not process the deposit on time, if it is made through the Internet;
• Transaction error due to the incorrect information provided by client.

For situation 1）and 2）, please contact your bank for more information. For situation 3） in general, the bank will voluntarily contact the account owner to confirm the transaction if the failure is due to incorrect information when it arrives at ICBC (Asia).

Q11: What currency can ICBC Smart Account deposit?

ICBC Smart Account opened from HNZ can only receive deposit in HK dollar or US dollar.

Q12: Can Clients receive interests from ICBC Smart Account?

No. ICBC Smart Account is different from savings account. The subsidiary accounts are belonged to the main account of HNZ. They are only for fund deposit and internal audit.

Q13: Can Clients transfer the fund to third party through ICBC Smart Account?

In consideration of Anti-money Laundering policy, we do not support the third party transfer service.

Q14: Can Clients withdraw their fund from ICBC Smart Account?

No. ICBC Smart Account is only for funds deposit. If clients want to withdrawn their fund, please fill the Payment Instruction and send to HNZ.

Q15: Can Client check and manage their subsidiary account?

With the large number of subsidiary accounts and technical difficulties, ICBC (Asia) does not provide the balance checking service or account management service for individual subsidiary account user.