【HK Bank】How do I withdraw funds to my Hong Kong Bank Account?

Withdrawal of funds refers to the withdrawal of cleared funds in HKD or USD from Futu Securities Account to your Hong Kong Bank Account.

Tips:
1. Unless otherwise specified, the following times are based on Hong Kong stock trading days.
2. During public holidays and market holidays, banks are closed, which may affect the withdrawal time. Please wait for the bank's processing after the holidays.
3. The time below is the estimated time. Please refer to the actual time of funds arrival. FuTu Securities reserves the right of explanation.

1.Reminders:

1.1 The name of the bank account owner must match that of the security account owner. Funds cannot be withdrawn to other people's bank account.

1.2 The withdrawn funds need to be settled with the exchange, and the settlement time of both Hong Kong and US stocks is 2 business days after trading (T+2).
Please refer to the page "Withdrawal of funds" for the specific fund amount you can withdraw.

1.3 Futu's processing time for withdrawal requests is 9:00 - 15:00 on Hong Kong stock trading days.

2. Time of receipt of funds (estimated time, subject to the actual time of receipt of funds)

Futu offers two methods to process the withdrawal: check transfer and bank transfer (for China Merchants Bank Hong Kong and Minsheng Bank Hong Kong, the bank transfer function must be activated).

Withdrawal notification timeEstimated bank arrival timeEstimated availability time
Before 11:00 on the trading day (Check Transfer)Before 18:00 on the same dayAfter 16:00 on the next trading day
After 11:00 on the trading day (Check Transfer)Before 18:00 on the next trading day  After 16:00 on the next two trading days
08:40 - 15:55* on the trading day(Cash Transfer in Bank Securities Transfer)Within 5 minutesAvailable immediately upon receipt
Non-Hong Kong trading session (Cash Transfer in Bank Securities Transfer)  Before 21:00 on the next trading dayAvailable immediately upon receipt
08:40 - 15:55* on the trading day (Financing Transfer in Bank Securities Transfer)  Within 5 minutesAvailable immediately upon receipt
Non-Hong Kong trading session  (Financing Transfer in Bank Securities Transfer)  Before 09:00 on the next trading day  Available immediately upon receipt

Notes:
1.Non-first withdrawal, or single amount over HKD 2,000,000/USD 300,000, requires manual approval and is expected to be completed before 16:00 on the trading day.

2.Fund will be remitted within 2-5 working days upon request for Money Market Fund withdrawals. The actual arrival time is subject to the fund company's redemption time and the bank's processing time of the payment.



3. Operating Guidelines

FUTU APP

Path: FUTU APP - Trading - Brokerage Account - All - Withdraw


The following are examples of the procedures for withdrawing HKD from banks in Hong Kong, and the actual information to be filled in is subject to specific conditions.

Step 1: Please select the currency you want to withdraw;
Step 2: Add bank account information;
Step 3: Select the relevant options as appropriate to the situation, with the options being accurate;
Step 4: The account name of the receiving bank when opening an account must be the same as the account name of Futu Securities (Futu's Account Name is the spelling of names).
Step 5: After confirming the information is correct, enter the transaction password and apply for withdrawal.
In order to confirm that the transaction is done by yourself, you need to enter your password and verify it with your mobile phone.