【HK Bank】How do I withdraw funds by Bank-Securities Transfer?

1.What is  Bank-Securities Transfer?

Bank-Securities Transfer refers to the fund transfer service between bank accounts and securities accounts. You can either transfer funds from the bank account directly to the Futu Securities account, or withdraw funds from Futu Securities account to the bank account.

Supported Banks: China Merchants Bank Hong Kong Branch, China Minsheng Bank Hong Kong Branch

Supported Currencies: HKD and USD

2.Advantages

Safe: Futu Securities and banks in Hong Kong set up a private network to ensure the safety of funds transfer.

Free: Setup of Bank-Securities Transfer, deposit, and withdrawal services are free of charge.

Fast: It takes only 5 minutes to set up and 5 minutes to deposit funds. You can receive the funds on the same day you submit the withdrawal request.

Convenient: Bank-Securities Transfer setup, deposit, and withdrawal can be completed via China Merchants Bank HK Branch online banking services. Additional notifications are not required by Futu Securities.

3.Setup of Bank-Securities Account Transfer

Activate the Bank-Securities Account Transfer service before withdrawing funds. For the detailed setup procedures, please refer to how to deposit by Bank-Securities Account Transfer'.

4.China Merchants Bank,Hong Kong Branch Operational Guidelines

4.1 Confirmation of withdrawals
If the withdrawal amount does not exceed the amount available in cash, you can withdraw on FUTU APP/Futu Website and China Merchants Bank Pro.
If the withdrawal amount exceeds the cash available, you can only withdraw on FUTU APP/Futu Website, and the withdrawal method will be changed from BST to Check Transfer. Please pay attention to the fund arrival and availability time. (If you have the HKD BST before May 10, 2017, you can use the USD BST directly.
Note: You need to log in to the Merchants (Hong Kong) Card to use BST transfer.

4.2 Operation through FUTU APP/Futu Website  (Method 1)

FUTU APP: Trading - Brokerage Account - All - Withdrawal
Futu Website: My Account - Cash - Withdraw Click to jump

Select the currency and fill in the information:

BST only supports HKD or USD withdrawal, while CNH withdrawal is not supported yet.

Step 1: Select the currency of withdrawal;

Step 2: Select the bank of withdrawal as China Merchants Bank, Hong Kong Branch (BST);

Step 3: Enter the withdrawal amount;

Step 4: After confirming the information, click on Confirm.

4.3 Operation through Merchants Bank Client (Method 2)
China Merchants Bank Client: E-card - Bank-Security Transfer - Coupon Broker / Merchant to E-card Step 1: Select the Hong Kong Card number for withdrawal;

Step 2: Select the broker/dealer name: Futu Securities;

Step 3: Select the currency of withdrawal;

Step 4: Fill in the withdrawal amount.

5.China Minsheng Bank, Hong Kong Branch Operational Guidelines

5.1 Confirmation of withdrawals
If the withdrawal amount does not exceed the amount available in cash, you can withdraw on FUTU APP/Futu Website and China Minsheng Bank, Hong Kong Branch's E-banking/App.
If the withdrawal amount exceeds the cash available, you can only withdraw on FUTU APP/Futu Website, and the withdrawal method will be changed from BST to Check Transfer. Please pay attention to the fund arrival and availability time.

5.2 Operation through FUTU APP (Method 1)

FUTU APP: Trading - Brokerage Account - All - Withdraw

Select the currency and fill in the information:

BST only supports HKD or USD withdrawal, while CNH withdrawal is not supported yet.

Step 1: Select the currency of withdrawal;

Step 2: Select the bank of withdrawal as China Minsheng Bank, Hong Kong Branch (BST);

Step 3: Enter the withdrawal amount;

Step 4: After confirming the information, click on Confirm.


5.3 Operation through China Minsheng Bank, Hong Kong Branch's E-banking/App (Method 2)

Step 1: Log in to E-Banking/Mobile App and go to "Bank Transfer - Transfer Out to Transfer In - Merchant to Bank";

Step 2: Fill in the transfer debit account and the amount to transfer.
Transferee account: Select the HKD account if you withdraw HKD, and select the USD account if you withdraw USD. The withdrawal amount is not allowed to exceed the maximum daily withdrawable amount of Futu Securities Account;

Step 3: Upon successful application, wait for approval from Futu Securities;

Step 4: After confirming the information, click on Confirm.

5.4 Processing progress check

Withdrawal via Futu: You can check the processing progress
Withdrawal via China Minsheng Bank, Hong Kong Branch: "Bank Transfer - Bank Transfer History - Transaction Status" to check the processing progress.


6.Arrival Time of withdrawal funds (Estimated time, subject to the actual arrival time)

Withdrawal notification timeEstimated arrival bank timeEstimated availability time
08:40 - 15:55* on the trading day (Cash Transfer in BST)Within 5 minutesAvailable immediately upon receipt
Non-Hong Kong trading hours (Cash Transfer in BST)  Before 09:00 on the next trading dayAvailable immediately upon receipt
08:40 - 10:55* on the trading day (Financing Transfer in BST)  Within 5 minutesAvailable immediately upon receipt
Other periods  (Financing Transfer in BST)  Before 09:00 on the next trading dayAvailable immediately upon receipt

Note: Non-initial withdrawal of funds, or single amount over HKD 2,000,000/USD 300,000, requires manual approval and is expected to be completed by 16:00 on the trading day.