Tuesday, August 30, 2011

Direct Deposit for HK Accounts

Setting up direct deposit is a bit more complex in Hong Kong. They will want the Bank Code, Branch Code, and account number of your account. Here's how to find these numbers in HSBC account statements, but should be applicable to other HK banks.

For HSBC, the bank code is 004. You will need to look up your bank code on the internet (this link was useful for me: http://www.sfaa.gov.hk/pdf/common/Form/tsfs/Bank%20Code%20List%20(as%20at%2029.1.2010).pdf )


For the branch code, check your bank statement. It should be the first 3 digits of your full account number.

Your account number will be the middle 6 digits of your bank statement.

To deposit into savings, the last 3 digits for Premier is 888 (PowerVantage is 833). I wanted to deposit into checking, so my last 3 digits was 001.

In total you should have:
3 digit Bank Code
3 digit Branch Code
6 digits for your account number
3 digit account type (001 Checking or 888/833 Savings)