Account

UpBiz Integrated Account

With all the good ideas for your trade business!

Your Priority as a Trade Business Operator:

Making day-to-day transactions more efficient and less hassle. 

 

UpBiz Integrated Account¹:

  • Dedicated Relationship Manager and Trade Advisory Team to provide tailored financial and supply chain solutions that suit your business needs.
  • Exclusive privileges across a wide range of products to help ease business operations:

 

Banking Services Privileges
Inward Remittance and Online Outward Remittance² Up to 20% off basic handling fee
Trade Service Fee³ Up to 33% off
Foreign Exchange Up to 150 basis points4 premiums
Hang Seng Commercial Card 2-year annual fee waiver
Payroll Service Service fee waiver5

Enjoy a waiver of HK$600 on monthly service fees simply by meeting one of the following requirements:

  • Total Relationship Balance6 of HK$2,000,000 equivalent or above; OR
  • Trade Turnover7 of HK$1,000,000 equivalent or above

Digital Services

Open Account
Open Account
Application  
Virtual Assistant B E R I
Virtual Assistant B E R I

Any questions about business banking?

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Know more about our new O2O account opening experience

 

How can we make a difference for you with UpBiz Integrated Account?

One-stop Financial Management

All-in-one account
Have one integrated account that includes HKD current, savings (in HKD, RMB, foreign currencies) time deposit, investment, and statement gold accounts.

Consolidated Statement
Overview of account balances, transaction history and credit-related information under UpBiz Integrated Account and other accounts maintained in Hang Seng.

Free “Chinese Correspondence Address Mailing Service”8
Enable our correspondences to reach your company’s Mainland China or Taiwan addresses more effectively. 

Credit Facilities* & Money Management Services

Up to HKD 16,000,000 Credit Facilities9*
Up to HKD 8,000,000 of secured credit facilities, and up to HKD 8,000,000 of export bills discounting limit to provide maximum financial flexibility.

Secured Overdraft Facility10*
Secured by the assets under your account to supplement your cash flow against unexpected events.

AutoSweeping Service for up to HKD20,00011
Automatic fund transfer from HKD savings account to cover overdrawn amount in HKD current account.

No-Bounce Cheque/Autopay Protection12 for up to HKD10,000
Temporary overdraft to prevent returned cheques or autopay failure.

Currency Switching Service12
Pre-set foreign currency deals to meet your business needs.

Trade* & Remittance Services

Hang Seng offers a wide range of import and export trade services to meet your business needs.

Our wide coverage correspondent bank network covers countries worldwide, allowing your remittances to reach their destinations without detours. Besides, your RMB remittances can directly reach accounts maintained with Hang Seng Bank (China) Limited. When settled via our RMB settlement banks in Mainland China, you can also enjoy speedy processing.

Hang Seng Commercial Card*

Get a credit card with your company logo printed on it for an added distinct identity13.

RMB Commercial Banking Services14

Perform cash deposits and withdrawals, account transfers, remittances / local interbank transfers, and two-way exchanges in RMB with an RMB Savings sub-account under your UpBiz Integrated Account.

Other RMB Commercial Banking Services includes RMB Current Account, payroll, investments, loans* and trade services* etc15.

Multi-channel Access

Save administrative time and cost by managing your account via any channel that suits your time and need, anytime and anywhere.

*To borrow or not to borrow? Borrow only if you can repay!

Foreign Currency Risk

Foreign exchange involves exchange rate risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts HKD to foreign currency or vice versa.

RMB Currency Risk

Renminbi (“RMB”) is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that the customer subsequently converts RMB into another currency (including Hong Kong Dollars). Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.

 

  1. Customer must enter or has already entered into Trade Finance General Agreement ("the Agreement") with Hang Seng Bank Limited (the "Bank") to apply the UpBiz Integrated Account status ("UpBiz Integrated Account"). Trade Services are subject to the applicable terms and conditions of the Bank.
  2. The discount is only applicable to the basic handling fee collected upfront for all Inward Remittance and Outward Remittance transactions (excluding the payments for HKD Interbank Transfer Services) conducted via Hang Seng Business e-Banking or Hang Seng HSBCnet.
  3. Types of Trade Services Trade Services Fees
    Import DC Issuance 1/6%#
    Import collection bills (non-DC) 1/12%^
    Export collection bills (non-DC) 1/10%^
    Export bills to local bank - with recourse 1/6%#
    Export bills to local bank - without recourse 1/12%^
    Transfer DC (Partial transfer) 1/6%^
    Transfer DC (Full transfer) HKD350 per transfer
    DC Advising HKD235 (1st Advising)


    # Applicable to the first USD50,000 or equivalent, and subject to a minimum charge.

    ^ Applicable to that portion of the transaction amount above USD50,000 or equivalent, and subject to a minimum charge.

    This privilege will be effective no later than 2 working days after you have successfully opened an UpBiz Integrated Account and entered into the Agreement. All trade transactions are subject to the Bank’s approval.

  4. The foreign exchange offer is only applicable to converting HKD to designated foreign currency with UpBiz Integrated Account or vice versa. Foreign exchange rates are subject to review according to changes in market conditions from time to time. The Bank reserves the right to change the above foreign exchange rate offers at any time. Before making the relevant transaction, please check with our staff for the effective exchange rate applicable to the transaction.
  5. The payroll service fee waiver applies to the registration fee, annual fee and transaction fee of the “Hang Seng AutoPay Services” and the first time set-up charge of the Hang Seng AutoPay Service with not more than ten second parties.
  6. The Total Relationship Balance is the monthly aggregate balance of the daily average of customer’s deposits, gold accounts, securities, investment funds, utilised overdraft facilities, credit card cash advances and the outstanding balance of loans (except mortgage loans), trade finance and Hang Seng MPF Balance and the premiums paid for that month for the designated general insurance plans distributed by Hang Seng Bank as an agent.
  7. Trade Turnover is the average monthly total local import and export trade transaction amount performed by the customer with the Bank in the preceding three calendar months.
  8. Hang Seng Bank Limited (the “Bank”) will send selected statements, advices and other correspondences to the Chinese Correspondence Address in Mainland China or Taiwan as registered by the customers. For details, please refer to “Chinese Correspondence Address Service Scope”. This service scope may vary from time to time and its prevailing version can be downloaded from hangseng.com.
  9. The facility amount / limit to be granted is subject to credit assessment of the Bank and the acceptance of the terms and conditions of the facility by the customer.
  10. The Bank shall have absolute discretion in granting the secured overdraft facility in specified loan ratio(s) in respect of various collaterals from time to time. The secured overdraft facility shall be subject to the relevant terms and conditions applicable to the facility.
  11. AutoSweeping Service is only applicable to a daily total overdraft / excess amount of HKD20,000 or below. If the total overdraft / excess amount on the same day exceeds HKD20,000, even if any one of the cheque / autopay transactions is equal to or below HKD20,000, AutoSweeping Service will not be effected.
  12. For details and terms and conditions, please contact our staff for enquiry.
  13. Applicable to Hang Seng Platinum Commercial Card, Annual administration fee of HKD100 will be charged for the printing of company logo on each Commercial Card.
  14. RMB Commercial Banking Services are bound by relevant terms and conditions, please contact our staff for details.
  15. Customers are required to apply for the above services separately, please contact our staff for details.

The Bank reserves the right to suspend, revise or cancel the above privileges, revise any interest rates, foreign exchange rates, fees, charges, special privileges, other services and the related terms and conditions at any time without any prior notice. In case of any disputes, the decision of the Bank shall be final and conclusive.