Serving different requirements of corporate customers, The Bank of East Asia, Limited introduced the Corporate Cyberbanking to facilitate corporate customers to manage their company's accounts through the Internet with ease.
This secure corporate finance e-solution allows you to manage your company finances without a step out of your door. You can: -

- monitor Account Balances
- check Bills Positions and Credit Limit Utilization
- make Funds Transfers with BEA accounts
- enquire about Time Deposits, and Send Placement, Uplift and Renewal Instructions
- get the latest Exchange and Deposit Rates
- remit money to other banks in Hong Kong and overseas
- submit L/C Application and L/C Amendment
- submit Remittance Statement for MPF contribution
- submit payroll and payment instruction
- request cheque book and stop cheque
- request bank statement
- download account transactions

Product Features of Corporate Cyberbanking

I. General

• Available in English and Traditional Chinese version
• Financial management of group of companies under one Corporate Cyberbanking Account can link up to:

  - maximum of 30 own accounts
  - multiple associated companies with 30 accounts of each company
  - maximum of 30 pre-designated third-party accounts with BEA for funds transfer

II. Security

- Employs Java Technology, public key cryptography and Secure Sockets Layer (SSL) 128-bit for data encryption
- Automatic logout after 10 minutes to prevent unauthorized access through unattended terminal
- Display login history for access control
- Adopts digital certificate for a stronger security

III. Services

• Account Enquiry
  - Online account balance
  - Transaction history
  - Today transaction activities enquiry
  - View consolidated balance summary
  - Account summary by account
  - Account summary by currency
  - Bills position summary
  - Credit limit utilization summary
  
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• Funds Transfer
  - Funds transfer between own accounts
  - Funds transfer to designated 3rd party account
  - Transfer limit can be lowered by client
  - Signing by authorized signer(s) required
  - Support dual signing and authorization matrix for better control
  - Funds transfer template for convenient daily operations
  - Audit trail to record each transaction
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• Time Deposit
  - Enquiry
  - Place a new deposit
  - Uplift a deposit
  - Approve by authorized signer(s) required
  - Optional dual signing for better control
  - Audit trail to record each transaction
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• Rate Enquiry
  - HKD deposit rates
  - FCY deposit rates
  - T/T exchange rates and passbook gold price
  - FCY notes exchange rates
  - Interbank offered rate information
  - Prime rate information
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• Remittance
  - Telegraphic transfer to other banks in Hong Kong and overseas
  - Funds transfer through CHATS in HKD and USD
  - Funds transfer through Electronic Clearing
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• Trade Services
  - L/C application
  - L/C amendment
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• MPF
  - Remittance Statement for MPF contribution
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• Payroll and Autopay
  - Submit payroll and payment instruction
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• Cheques Services
  - Stop cheque payment
  - Cheque book request
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• Other Services
  - Account statement
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• Merchant Services
  - Account activity download
  - Account history download
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IV. Administration

2 System Administrator IDs will be assigned for each Corporate Cyberbanking Account

• Functions
  - User maintenance
  - Function Access Profile (FAP) maintenance
  - Data Access Profile (DAP) maintenance
  - Authorization matrix
  
  
• User information maintenance
  - Add/Edit/Delete user
  - Reset password
  - Assign Signer PINs to users
  
  
• 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
  
  
• Sophisticated Authorization Matrix to facilitate authority delegation
  - 3 classes of signers (Class A, B & C) with different limits that allows up to 9 combinations of dual and single signing(s)
  - 2 different matrices:
  - For transfer limit between own accounts
  - For transfer limit to designated 3rd party accounts

V. Limits

• CCB accounts without digital certificate
  - Daily Funds Transfer between Own A/C – HK$5 million or its equivalent
  - Daily Funds Transfer to Pre-designated Third Party A/C (BEA and Other Banks) – HK$2 million or its equivalent
  - Daily Funds Transfer to Other A/C (BEA and Other Banks) – HK$50,000 or its equivalent
  
  
• CCB accounts with digital certificate
  - Daily Funds Transfer between Own A/C – HK$30 million or its equivalent
  - Daily Funds Transfer to Pre-designated Third Party A/C (BEA and Other Banks) – HK$10 million or its equivalent
  - Daily Funds Transfer to Other A/C (BEA and Other Banks) – HK$1 million or its equivalent