Features
Corporate Cyberbanking has been designed to help companies enhance their efficiency by centralising and streamlining their financial management. Through one highly secure, flexible, and easy to operate account, companies can effectively manage their cashflow, payroll, expenses, and much more via the Internet.

Open a Corporate Cyberbanking today and spend less time managing your money, and more time making it.

Corporate Cyberbanking Product Features
 
1. General
2. Security
3. Services
4. Administration
5. Daily Withdrawal Limits
6. Daily Deposit Limits

1. General
  • Service is available in English and Traditional Chinese
  • Through one Corporate Cyberbanking account, a company can effectively manage its finances. One account can link to:
    - a maximum of 30 accounts held in the company’s name
    - a maximum of 30 accounts held in the name of an associated company
    - a maximum of 99 pre-designated 3rd party accounts held at BEA (for fund transfers)
    - transaction audit trails
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2. Security
  • Employs Java Technology, public key cryptography, and Secure Socket Layer (SSL 128-bit for data encryption)
  • Automatic logout after 10 minutes to prevent unauthorised access at an unattended terminal
  • Displays login history for access control
  • Supports digital certificates for enhanced security
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3. Services
  • Account Enquiry
    - Online account balance
    - Transaction history
    - Today’s transaction activity
    - Consolidated balance summary
    - Account summary by account
    - Account summary by currency
    - Bills position summary
    - Credit limit utilisation summary
     
  • Fund Transfer
    - Transfer between accounts in the name of one company
    - Transfer to a local BEA account
    - Transfer to a BEA China HKD or USD account
    - Transfer to another bank in Hong Kong
    - Express transfer to another bank in HKD, USD or CNY
    - Transfer to another bank in China or overseas
    - Different transaction limits can be set according to account designation (pre-designated and non-designated account types)
    - Transaction template for daily operations
    - Scheduled instructions on fund transfer
     
  • Bill Payment
    - Payment to over 600 merchants
    - Merchant search function
    - Bill payment template for daily operations
    - Scheduled instructions on bill payment
     
  • Time Deposit
    - Enquiry
    - Place a new deposit
    - Uplift a deposit
    - Renew a deposit (one-time/multiple)
     
  • Liquidity Management
    - Setting up pre-defined instructions for transfer funds
    - Funds transfer to any pre-designated account held at BEA, other banks in Hong Kong, China or overseas
    - Zero Balancing
    - Balance Sweeping
     
  • Trade Services
    - L/C application
    - L/C amendment
    - L/C template
    - Scheduled instructions on L/C submission
     
  • MPF
    - Submit remittance statement for MPF contribution
    - Upload MPF file generated by the MPF Autopay & Payroll System (MAS)
    - Enquire about your MPF contribution history
    - Check the latest constitution fund prices and monthly investment summary
    - Receive the quarterly MPF newsletter
    - Online remittance statement template
    - Scheduled instructions on MPF contribution submission
     
  • Payroll and Autopay
    - Submit HKD or CNY payroll and payment instructions
    - Upload files generated by MAS
    - Payroll and payment templates
    - Scheduled instructions on payroll and payment
     
  • Rate Enquiry
    - HKD deposit rate
    - Foreign currency deposit rate
    - T/T exchange rate and gold price
    - Exchange rate for foreign currency note
    - Inter-bank rate
    - Prime rate
     
  • Stock Trading
    - Portfolio enquiries
    - Order placement
     
  • Linked Deposits
    - Account enquiries
    - Rate enquiries
    - Order placement
     
  • Other Services
    - Request cheque book
    - Request cheque image
    - Stop a cheque
    - Request statement
    - View e-Statement
    - View e-Advice
    - Download account activity and history
    - Download Corporate Cyberbanking-related form
    - CyberAlert
     
  • Merchant Services
    - Download account activity and history
    - Download Merchant transaction record
    - Collection service
     
  • Approval Centre
    - Enable signing/unsigning/sending of transaction by authorised signer(s)
    - Access point for dual signing and authorisation matrix for better transaction control

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  • Report Centre
    - Liquidity Management report
     
  • Mobile Banking Service
    - Account balance enquiry
    - Account activity and history enquiry
    - Fund transfer to local BEA own accounts or pre-registered accounts
     
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4. Administration
  • 2 System administrator IDs will be assigned to each Corporate Cyberbanking account User Maintenance
    - Add/edit/delete user
    - Reset password
    - Assign signer PIN to user
     
  • Function Access Profile (FAP) and Data Access Profile (DAP) for segregation of duties
    - FAP - define which functions each user can access
    - DAP - define what data (reporting & transaction) each user can access
     
  • Service maintenance to assign user access rights to specific services
    - e-Statement/e-Advice
    - Statement option
    - CyberAlert
     
  • Sophisticated authorisation matrix to facilitate authority delegation
    - 3 classes of signers (Classes A, B, and C) with different limits that allow up to 9 combinations of dual and single signing
    - 2 different matrices:
    - For transfer limit between accounts held in the name of one company
    - For transfer limit to designated 3rd party account
     
  • Maintenance of additional account settings
    - Company email address
    - Daily transaction limit reduction
    - System audit
    - Digital certificate activation
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5. Daily Withdrawal Limits

Internet Banking

TYPE OF TRANSACTION WITHDRAWAL LIMIT (PER ACCOUNT PER DAY)
To related and associated account HK$5,000,000 or its equivalent
To pre-designated third party account (BEA and other banks) and bill payment # HK$2,000,000 or its equivalent
To non-designated third party account (BEA and other banks) HK$50,000 or its equivalent
Payroll & Autopay (BEA and other banks) HK$500,000 or its equivalent


Internet Banking with Digital Certificate

TYPE OF TRANSACTION WITHDRAWAL LIMIT (PER ACCOUNT PER DAY)
To related and associated account No limit *
To pre-designated third party account (BEA and other banks) and bill payment # No limit *
To non-designated third party account (BEA and other banks) HK$2,000,000 or its equivalent
Payroll & Autopay (BEA and other banks) No limit *

# Include bill payment and high-risk merchant payment

High-risk merchant payment applies to all types of merchant except the following: Government or Statutory Organisation, Public Utility, Education (Primary or Secondary School) and Education (Post-secondary or Specialised Institution).


* There is no daily transaction limit for fund transfers to Related Accounts, Associated Accounts, Pre-designated Third Party Accounts, or those made via the Payroll and Autopay service using a Digital Certificate. However, please be advised to set the accumulated daily limit for the above-mentioned transaction types for security reasons.

Phone Banking

TYPE OF TRANSACTION WITHDRAWAL LIMIT (PER ACCOUNT PER DAY)
To related account HK$1,000,000 or its equivalent
To pre-designated third party BEA account HK$500,000 or its equivalent

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6. Daily Deposit Limits

Daily deposit limits for non-designated BEA accounts receiving fund transfers through Corporate Cyberbanking are as follows:

TYPE OF TRANSACTION DEPOSIT LIMIT NON-DESIGNATED BEA ACCOUNT (PER ACCOUNT PER DAY)
From Corporate Cyberbanking account HK$50,000 or its equivalent
From Corporate Cyberbanking account with digital certificate HK$1,000,000 or its equivalent

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