[HK Bank] eDDA deposit from Nanyang Commercial Bank

What is eDDA?

eDDA (Electronic Direct Debit Authorization) Deposit is a fast deposit method based on "HK FPS". By authorizing bank account, customers can initiate a deposit in FUTU APP instead of dealing with complex bank transfer. Funds can be transferred from your bank account into your FUTU account according to your deposit instruction. 

Notes: 

1. FPS refers to 'Hong Kong Faster Payment System', which is an online payment platform launched by the Hong Kong Monetary Authority.

2. Supported currency of eDDA: HKD only


Advantages of eDDA

Instant: Funds will be credited within 5 minutes after initiating the deposit instruction.

Free: eDDA authorization and deposit service are free of charge.

Convenient: Customers only need to initiate the deposit instruction on FUTU APP instead of dealing with complicated bank transfer, and there is no need for customers to upload the transfer voucher for verification.


1. eDDA Authorization Instructions

Login Nanyang Commercial Bank Website, find [Bill Payment] - [Direct Debit Authorisation]

Fill in the following information to set up eDDA

Merchant

Input Merchant Account Number

Merchant Account Number - Bank

024:Hang Seng Bank Ltd.

Merchant Account Number

239772973001

Merchant Name

FUTU SECURITIES INTL HK LTD

Debtors Reference

Please input your FUTU ID Number

Currency

HKD

Payment Periodicity

According to your requirement, recommend [Per Transaction]

Payment Amount

According to your requirement, recommend [No Upper Limit]

Payment Method

Please select your HKD bank account

Expiry Date

According to your requirement, recommend [Until Further Notice]


2.  eDDA Deposit Instructions

2.1 Waiting for approval

Generally, it takes 1-2 days for bank to verify your application after you submit the authorization request to your bank. FUTU will notify you once your eDDA authorization has approved.


2.2 Make a deposit by using eDDA Fast Deposit

After authorized, you can initiate a deposit in FUTU APP. 

● PATH:Launch FUTU APP - Click [Trade] on the bottom - Click [Deposit] - Select HKD Deposit - Enter the amount you need to deposit - Click [Deposit] to submit your deposit request. 


3. Creidited Time

3.1 Single deposit not exceed 10 million HKD

Deposit Time

Credited Time

HK Stock Trading Day

(Mon 08:00 - Fri 23:59)

Within 5 Minutes

Other Time

Before 08:10 of next HK Stock Trading day


3.2 Single deposit exceed 10 million HKD

Deposit Time

Credited Time

HK Stock Trading Day

(Mon 08:00 - Fri 16:00)

Within 2 Hours

Other Time

Before 10:00 of next HK Stock Trading day


*If the Hong Kong stock market is closed, the credited time will be postponed.

Notes:

1. If you have a arrears in your FUTU account, the deposit amount returned before 15:55 on the trading day will stop calculating the interests on the same day. The deposit amount returned at other time will stop calculating interests on the next trading day.

2. Deposit credited before 15:55 on the trading day will record in the statement on the same day. Deposit credited at other times will appear in the statement on the next trading day.


4. eDDA Deposit Fees

Free of charge