Faster Payment System (FPS) is a rapid payment system launched by the Hong Kong Monetary Authority (HKMA). It features instant interbank transfers and is mostly fee-free. Below is a guide on how to deposit funds into Longbridge App via FPS.

Process of deposits via FPS

Step 1. Go to the Longbridge App > Portfolio > Deposit > Select deposit currency as HKD > Select bank card > FPS, and copy the FPS ID.

Step 2. Log in to online banking or stored value payment tools.

Step 3. Select the FPS function for transfer. Currently, only HKD deposits via FPS are supported.

Step 4. After completing the transfer, go to the Longbridge App > Portfolio > Deposit, select the deposit currency and bank information, choose FPS, and upload the proof of remittance.

Note: Please upload the proof of remittance and transfer amount immediately after completing the transfer to avoid delays in deposit processing.

Notes

1.Arrival time:

FPS currently only supports HKD deposits. The arrival time is as follows:

2.Transfer fee:

Most banks and stored value payment tools currently do not charge fees, but some institutions may impose charges. Fees are subject to change, so please consult your bank for details. Longbridge Securities does not charge any fees.

3.Transfer limit: Longbridge Securities does not impose any limits for deposits via FPS. Please note whether your bank has any transfer limits.

Notes

1. Currently, only HKD deposits via FPS are supported.
2. The bank account name used for transfer shall be the same as the Longbridge Securities account name. You cannot use other people's bank accounts for transfers; otherwise, the refund fees incurred will be borne by you.
3. After you complete the transfer, FPS will instantly transfer the funds to the recipient account. However, manual approval is required before the funds are deposited into your securities account.
4. It takes time for the bank to process the transfer. Bank notifications stating "transfer initiated" do not indicate immediate receipt by the recipient account. Settlement and approval are required after the funds arrive. Transfers are not processed on Hong Kong public holidays. Please allow sufficient time for processing.
5. Cash deposits are currently not accepted.

Disclosure

The above guide screenshots are provided by users and are for reference only.

If there are any discrepancies between the screenshots and the actual interfaces, the actual bank interfaces shall prevail. Please confirm the content to be filled in with the bank. The platform shall not be held liable for any losses resulting from the use of this guide. For your convenience, this guide may contain links to third-party websites. Longbridge takes no responsibility for the content of any websites linked to or from this site.

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