Funding Instructions | Fast & Secure

WAYS TO FUND:

1. Online Banking
  a) From HK account
  b) From Overseas account
2. Electronic Direct Debit Authorisation (eDDA)
3. Bank Transfer (Counter services or ATM)

FUNDING DETAILS:

1. Online Banking

a) From HK bank account (From HK bank account, applicable to HKD/ USD/ EUR/ GBP only)  

For further information and guidance on the use of Virtual Accounts please refer to the guide here

b) From Overseas bank account (From Overseas bank account). Additional information will be needed:

2. Electronic Direct Debit Authorization (eDDA)

For setup guide, please click here.

Schedule Regular Deposits 

Schedule regular deposits from your linked bank account so that you can invest regularly more easily than ever before. For more details on the set up procedure, please check out the set up guide here.

3. Bank Transfer (Counter services or ATM)

Important Notes:

• Third Party Funding is Not Accepted. Saxo does not accept incoming funds from a third party, can only accept funds originating from a bank account held in the client's name. 


• Saxo does not accept Bankers Drafts, any form of Cheques, Cash Deposits and Remittances from Exchange Houses/Money Changers. 
  Funds received from the above mode of payments will be rejected and returned less bank charges (if any).Any third party funding will be at the remitter's own risk as Saxo cannot guarantee the receiving and returning of the funds. Funds from any third party accounts will be rejected and returned less bank charges to the originator. 
  Please use the right currency to fund your respective Virtual Account(s) to avoid any delay. Please specify your Saxo Client ID in message to recipient.  


• Currency Conversions: 
  If you transfer funds that are in a different currency than the currency of our HSBC account, your funds will be accepted and automatically converted to the appropriate currency by HSBC who will charge a non-refundable currency conversion fee. For example, if you send USD to our HKD account 808-772313-292 at HSBC, HSBC will convert your USD to HKD and credit our account.
  
  If your funds are subsequently rejected by us (for example, for Third Party Funding or remittances from Exchange Houses/Money Changers), any currency conversion already carried out on your funds will not be reversed.
  
  If you do not have a Saxo account denominated in the same currency as our HSBC account that your funds have been transferred to, we will convert the funds to the appropriate currency when crediting your Saxo account, and you will be charged a non-refundable currency conversion fee as described in our Commissions, Charges and Margin Schedule. For example, if you send HKD to our HKD account 808-772313-292 at HSBC, and you only have a USD-denominated Saxo account, we will convert your HKD to USD and credit your Saxo account.

• Saxo HK can and will only credit your account with the actual monies received on your behalf.
• Remittance charges should be fully covered by the sender.
• Rejected funds due to Third Party origin and remittance received from Exchange Houses/Money Changers will be returned to the sender less bank charges.