Electronic Direct Debit Authorisation
The Hong Kong Monetary Authority has unveiled the new Faster Payment System (FPS) that is electronic Direct Debit Authorisation, paves the way for customers to fund transfers from designed bank to uSMART account.
Step 1: Go to the 【Trading】 page → Select 【Deposits】 → Select 【HKD】 → Select 【e-DDA】
Step 2: Tap “Apply Now”, select “authorised bank”, input bank account number, account category, limitation of single transfer and accept the Terms and Conditions of eDDA. Then tap “Submit”。
Step3：The bank will receive your application automatically. Once the approval process is completed, you can make real-time transfers to uSMART account and trade immediately.
*Important Reminder*:
For Hong Kong online account opening users: If your e-DDA application uses a bank account that is not already registered with uSMART, the initial successful deposit must be at least HKD 10,000. Subsequent transfers have no minimum limit.
e-DDA authorization typically takes 1-5 business days for processing. Please plan your funds accordingly.
Accepted Currency: Currently, only Hong Kong Dollar deposits are accepted.
Deposits of HKD 100 or above are free of charge. Fees are subject to change without notice.
