Bank Account Opening
A safe and efficient local interbank fund transfer solution in Real-time
Making collection of customer payments and payment of business bills more seamless.
Payment Connect 
From 22nd June 2025, Hang Seng Business Accounts can receive Hong Kong Dollar and Renminbi funds transferred from the Mainland China via the Internet Banking Payment System (IBPS) through Faster Payment System (FPS).
P2B remittance
Payees can receive cross-border transfers from the Mainland China through their Hang Seng business account number, or phone number/email/FPS ID number* that has been linked to the FPS service. Both the payer and the payee do not need to provide the purpose or background of the transfers. The P2B remittance of the mainland ID card holders will be counted in the Personal Foreign Exchange Purchase Annual Facilitation Quota of the State Administration of Foreign Exchange.
* Subject to the Payer’s Mainland China Bank
Remittance related to activities of daily living in the two places
For transfers due to tuition fees, medical expenses, and utility fee, transfers can be made based on the actual amount required. Even if the payee is a Mainland ID card holder, the related payments with the above purpose will not be counted in the Personal Foreign Exchange Purchase Annual Facilitation Quota. Please contact us or your relationship manager to find out the recipient eligibility for Remittance related to activities of daily living.
Key Features
Real-time and 7x24 fund transfer
Funds in Hong Kong Dollars/Renminbi will be processed on a “real-time, 7x24” basis through local interbank transfer. Funds collected will be instantly credited to your business account and substantially accelerate your cash flow cycle.
Instant notification and comprehensive reporting
SMS and email notifications will be sent to both payer and payee in real-time for successful addressing registration and fund transfer through FPS. Daily report and advice will be provided for the ease of reconciliation.
User-friendliness
Fund Transfer can be conducted in a single page with intelligence determining the payment type upon your input of key information. (E.g. transaction amount and beneficiary)
Addressing services
Mobile number/Email address/FPS ID linked to your accounts can be used for HKD or RMB fund transfer, with registration process simply completed in 3 steps.
Multiple channels
Hang Seng Bank’s Faster Payment System is available at both desktop and mobile.
