Receivable and Payment Management

We provide integrated and comprehensive receivable and payable services which can improve your cash flow and the operation efficiency and profitability.

Smart Account

Through the Smart Account service, you can use the sub-accounts to receive funds in different currencies from local or overseas.

Benefits

  • You can open specific sub-accounts to each of your payers and receive payments via various channels from them through the sub-accounts.
  • Through the unique sub-account number to verify the payers' identification can complete the data reconciliation process faster and easier.

Auto Fund Collection Service

You to take the initiative to collect HKD/ RMB payment from your clients through Autopay Fund Collection Service.

Benefits

  • To enhance the operational efficiency, you can indicate us to collect your bulk payment upon getting the direct debit authorization.
  • Report will be provided in detailed information and instructions to facilitate the data reconciliation.

Cash and Cheque Collection Service

Using the Cash and Cheque Collection Service can avoid keeping accumulated cash and cheque(s) overnight.

Benefits
You can appoint a security company to collect cash and cheque(s) from you and deliver to the nearby ICBC (Asia)’s branches. Our bank will provide a convenient and secure service to deposit them into your account.

IPO Receiving Bank Service

ICBC (Asia) IPO Receiving Bank has a leading market position and experiences in Hong Kong market. It provides a large and extensive branch network, an advanced IPO subscription network system, a solid customer base and sales capabilities, and a comprehensive all-round one-stop service. ICBC (Asia), as the receiving bank, will work closely with the client's listing intermediary team (such as sponsors, share registration companies, etc.) and provide one-stop services, including the collection, processing of applications and payments for new shares, to assist companies or institutions to complete the initial public offering and raised funds successfully in Hong Kong.

In addition, ICBC (Asia) can provide quality services to customers' on new share offerings.

Dividend Payment Service

ICBC (Asia) can provide dividend service for listed companies in Hong Kong. Our bank can distribute dividends to shareholders in the form of automatic transfer or cheque according to the announcement of the board of directors.

Benefits

  • Companies can choose to pay dividends in the form of automatic transfers or cheques.
  • Dividends are paid by autopay to the account of our bank or other banks, and dividends can be credited to the effective date of the order.
  • Provide comprehensive dividend data, reports, and monthly statements of dividend accounts.

ICBC (Asia) can provide quality services to customers on dividends distribution.

Centralised Payment

You can conduct the payment instruction for the ICBC accounts of each companies' members of your group through SWIFT, commercial internet banking, counter, Host-to-Host and other channels.

Benefits

  • Centralised financial management – Through the unified, easy operated cross-border account management and fund scheduling platform to achieve the meeds of the cross-border accounts and unified management group, especially the company managers or financial personnel concentrated in a certain location.
  • Convenient operation – Completing the payment instruction through “one-point access” with ICBC Asia only, without connecting to each opening banks.

Commercial Internet Banking Bulk Transfer and Remittance Service

You can simply submit the multiple ICBC Express or Fund Transfer instructions in one off via commercial e-banking with ICBC (Asia)'s commercial internet banking bulk transfer and remittance service.

Service features
One time verification by Token or USB-Sheild is needed for the bulk transfer and remittance processes, can simplify the instructions and operations.

Payroll

ICBC (Asia)'s Payroll service provides one-stop service in processing employee salaries payments, MPF contributions and tax return issues.

Benefits

  • Support HKD or RMB bulk payment instructions to employees’ accounts maintained with our bank or other local banks.
  • Funds and payroll result reports are provided to facilitate the transaction verification.
  • Using the PayEasy System*, you can enjoy comprehensive services including employee’s salary payment, MPF contributions and tax return issues.

*Note: This service is only applicable to customers who have subscribed to the BCT MPF service.

Auto Credit

We can help you to transfer the HKD or RMB funds to our bank or other local banks' accounts through autopay, single instruction (by standing instruction or electronic transfer) or bulk payment instruction).

Benefits

  • You no longer have to submit payment instructions to our branch counter, time and effort saving.
  • Bulk transfer is available to increase the efficiency.

Remittance

Through our remittance service, funds in different currencies can be transferred to Hong Kong, Mainland China and overseas countries.

Benefits
You can submit remittance applications to our counter or make use of our commercial internet banking service which will save your time and transaction costs.

ICBC Express

Supported by ICBC, ICBC (Asia) provides instant and reliable cross border remittance service to you. Funds will be available at ICBC's receiving points in the Mainland and overseas regions promptly.

Benefits

  • Faster service- Funds will reach the receiving point within 10 minutes.
  • More receiving Points - applicable to all ICBC receiving points in the Mainland China and designated branches/ sub branches in multiple overseas regions, with more than 15,000 receiving points in total.
  • Lower charges - We charge lower remittance service fees and offer free Chinese characters input in telegraphic transfer, which is cost saving.

Contact us

If you have any questions, please contact our Asia-Pacific Cash Management Centre via email at pcm.pms@icbcasia.com