Home > Personal Finance > Cross-border Financial Services > Overseas Financial Service > ICBC Asia

Industrial and Commercial Bank of China (Asia) Limited ("ICBC (Asia)"), a flagship branch of ICBC in overseas, is a licensed bank incorporated in Hong Kong. It has 58* branches and 25 "Elite Club" Wealth Management Centers in Hong Kong, offering a full range of financial services to personal customers in deposit, remittance, bank card, housing mortgage, personal loan, stock trading, fund trading, FX deal, structural products and insurance.
* As of January 2015.

(I) General A/C Services
☆ Introduction
You can open "Elite Club" account or "Integrated Account" of ICBC (Asia) via ICBC branches in Mainland, which is the same as opened directly in Hong Kong.
☆ Features
1. Deposit in integrated account opened in ICBC (Asia) can be in different foreign currencies, such as HK dollar, US dollar, Australian dollar, Canadian dollar, Swiss franc, Euro, Sterling pound, Japanese yen, New Zealand dollar, Singapore dollar.
2. Both "Elite Club" account and "Integrated Account" are comprehensive accounts. You can receive consolidated statement or e-statement from ICBC (Asia) every month.
3. In Hong Kong, you can use debit card to withdraw cash at ATMs or use cheque to withdraw money at the ICBC (Asia) counters with the identity document.

(II) Bank Card Services
☆ Introduction
ICBC (Asia) aims to provide more secure and reliable ATM services, comprehensive self service banking services and Debit Card (also known as ATM Card) Services.
☆ Features
1. With the ICBC (Asia) Debit Card, you can access Hong Kong, Mainland China and overseas networks including ICBC, CUP, JETCO ATMs and other electronic payment POS in the world. The bank card services include fund transfer, balance inquiry, changing password, statement and cheque book request, bill payment and charity donation etc.
2. You can use ICBC (Asia) Debit Card to enjoy POS purchase through CUP merchants in Mainland China and overseas. The consumed amount will be debited directly from the selected debit card account.
3. By accessing more than 80,000 ICBC ATMs in Mainland China with ICBC (Asia) HKD Debit Card, you can enjoy balance inquiry, RMB cash withdrawal services without any transaction charge (It can save at least HKD15 for each cash withdrawal transaction). Daily limit is HKD20, 000 or its equivalent.
4. ICBC (Asia) debit card can be used at the ATMs of other banks marked with "CUP" logo in China and overseas to check balance and withdraw cash. HKD 15 is collected for every transaction of cash advance.

(III) "Elite Club" Account Service
☆ Introduction
ICBC (Asia) offers exclusive "Elite Club" account service for top-class customers. No account management fee is collected if you maintain daily average total liquid assets of HKD 800,000 or above, including all deposits and investments (market value) in ICBC (Asia).
☆ Features
1. Fund Sweeping Services: You can set instructions for fund transfer between accounts of specified currencies based on your preset criteria of exchange rates, balance and transaction frequency. ICBC (Asia) will execute your instructions once the criteria are met.
2. Automatic Sweeping Services:If your HKD or USD current account is overdrawn or your credit line is exceeded, ICBC (Asia) will transfer fund automatically from your HKD or USD savings account under the same integrated account to your current account in the next business day. Daily maximum amount of automatic fund transfer is HK$10,000 or US$1,000 and interest will be charged.
3. Automatic Standby Line: You may choose our Auto Standby Line service. According to customers' fixed deposit amount, ICBC (Asia) will provide standby overdraft facilities with limit up to HK$5,000,000 and will automatically select the lowest standby overdraft interest rate. You may also set your maximum standby limit according to your financial needs.

(IV) Remittance Services
1. Remittance from other banks to ICBC (Asia) account
For remittances from other banks to ICBC (Asia) , please fill in the payee's ICBC (Asia) account number at the "receiving A/C number" . Please mark clearly the receiving A/C number if you wish to credit the remittance to HKD savings account.
For remittances from Mainland China to ICBC (Asia), SWIFT CODE is UBHKHKHH
For transfer from other banks in Hong Kong to ICBC (Asia) account, ICBC (Asia)'s Bank Code is 072
2. Remittance from ICBC (Asia) to other banks
Two main options for remittance from ICBC (Asia) to other banks: (1) Pre-registered payee account, (2) Non-registered payee account.
(1) Pre-registered payee account: recommended for large remittance amount. When opening account in ICBC (Asia), please fill in Application Form for Bank Services and Account for registration of Third Party Accounts, with the details of any bank's name in China or overseas, any payee's name and A/C number, and then submit the form to ICBC (Asia) for registration. Once completed, you can remit money up to HKD 500,000 or equivalent daily via ICBC (Asia) Internet Banking to each registered payee's account. If more than one payee's account are registered, the daily maximum limit of transaction amount is also up to HKD 500,000 or equivalent to all the accounts.
(2) Non-registered payee account: No registration in advance, but Two-factor authentication is needed. When opening account in ICBC (Asia), please fill in Application Form for Bank Services and Account, and apply for token as a security tool for high risk transactions. After that, you can transfer money via Internet Banking to accounts without registration in advance. During the transfer, you need to input the password token to get the one-time password within the limited time, and then enter security code to finish the transaction. The daily maximum limit of transaction amount is HKD 100,000 or equivalent.

(V) Electronic Banking Services
1. Internet Banking
ICBC (Asia) Internet Banking website: www.icbcasia.com
ICBC (Asia) offers 24-hour internet banking services. The range of services covers: checking account balance, transfer/remittance, FX dealing, securities trading, fund trading, new stocks subscription, bill payment, and opening of securities account and time deposit account etc. All ICBC (Asia) Internet Banking services are free of charge except selected services such as securities trading, remittance etc.
Please note that when using ICBC (Asia) Internet Banking, online wealth management A/C number is the your "Elite Club" account number or "Integrated Account" number. Initial password must be changed when you log on Internet Banking for the first time. Internet banking password should be a string of numbers and alphabets which are case sensitive. Services will be locked up if Internet Banking password is inputted wrongly for four times cumulatively, until the password is resetted.
2. Phone Banking
ICBC (Asia)'s customer service hotline:
Hong Kong (852) 218 95588
Elite Club A/C hotline (852) 276 95588
ICBC (Asia) Phone Banking Services provide you a convenient and easy way to manage your banking affairs with the touch of only a few buttons, anywhere, day or night. You need to apply for the service in advance, and set an 8-digit password. Once completed, you can operate your account via phone.
Roaming Service:
The Roaming Service is specially designed for customers who frequently travel to the Mainland. By simply dialing a local phone number, you can manage your banking matters with ICBC and ICBC (Asia) at any time without any long distance call cost no matter you are in Mainland or Hong Kong.
When you are on the Mainland, you can dial a local call 95588-7-0-2-1 to access to your bank, credit card and securities accounts of ICBC (Asia) with a wide range of services, and when you are in Hong Kong, you may also dial a local call 218 95588 to manage the bank accounts of ICBC.

(VI) ICBC (Asia) Securities Services
You may apply new "Consolidated Investment Account - Securities (Cash)" via Internet Banking (for Personal Customers only) or visit any of our branches to apply for a "Consolidated Investment Account - Securities (Cash)" and complete the Internet Securities Services application. Before you open a "Consolidated Investment Account - Securities (Cash)" with us, it is a prerequisite for you to maintain a HKD current or statement account, which will be used for the trade settlements arising from securities trading.
1. Friendly Reminder for buying/selling stocks online
(1) Trading hours in Hong Kong Stock Exchange: 9:30AM to 12PM, 1:00-4:00 PM, closed on HK public/statutory holidays.
(2) All trade settlements will be effected on T+2 day via direct debit / credit to your designated bank account. For purchase transaction, you should deposit sufficient funds into your designated bank account to cover the gross purchase amount and transaction fees before 9:30a.m. on T+2 day. For sale transaction, the gross sale proceeds with all transaction charges deducted will be credited into your bank account on T+2 day.
At present, all stocks and warrants listed on the HKEX can be traded through the Internet Securities Services. "At-auction Limit Order" and "Enhanced Limit Order" can be applicable on our Internet Securities Services. "At-auction Limit Order" is a limit order with a specified price which should not deviate twice or more from the market price, or is half or less of that price. After order matching in the pre-opening session, unfilled at-auction limit orders will be converted to limit orders at the input price and carried forward to the continuous trading session. "Enhanced Limit Order" is similar to a limit order. An Investor should give clear instructions about the highest price or lowest price he is willing to pay or dispose. It will allow matching of up to ten price queues at the same time. The input order price of an Enhanced Limit Order can be matched up to nine spreads better than the best price on the other side of the market. Any unfilled quantity of an Enhanced Limit Order after matching will be converted into a Limit Order at the input order price. The Bank accepts order price within 200 spreads of the market price. The Enhanced Limit Order will be passed to the HKEX for processing once it falls within the 15 spread range of the market prices. Any subsequent amended order price that deviate more than 24 spreads of the market price might be rejected by HKEX.
2. Check real time quotes
No service fee is charged for the Internet Securities Services which allow you to trade anytime anywhere through Internet Securities Services. For real time stock quote, you will get a fixed number of FREE realtime quote at the beginning of each month. For each successful buy/sell transaction, you will receive 100 additional free realtime quotes. Usage in excess of your free quote entitlement for the month will be charged at HKD0.10 per quote for the relevant month and rounded up to the nearest dollar with a minimum charge of HKD 5.00. Any unused FREE realtime quote will be forfeited automatically upon expiry of the month.
3. For those who have securities account opened in other banks in Hong Kong, they can transfer the stocks via Central Clearing and Settlement System (CCASS) and deposited into ICBC (Asia). Customers still have to pay transaction costs for other banks. No fees is collected for transferring stocks to ICBC (Asia). Normally, it takes about 3-4 days for processing the request.

(VII) Service Hours

Service Channel

Service Hours

All branches

Monday to Thursday: 9:00 AM - 5:00 PM

Friday : 9:00 AM - 5:30 PM

Saturday: 9:00 AM - 1:00 PM

Call Center

Monday to Friday : 9:00 AM - 6:00 PM

Saturday: 9:00 AM - 1:00 PM

ATM, Phone Banking, hotline for reporting lost card, Internet Banking services,Mobile Banking services

24 hours

Securities trading services through call desk

Monday to Friday: 9:00 AM - 4:00 PM

Buy/sell stock via phone

Monday to Friday: 8:00 AM - 4:00 PM

(VIII) ICBC (Asia) - Branches
ICBC (Asia) - Branches

The above is for reference only. Details refer to the rules drawn up by local ICBC branch. To save your time, please call your local ICBC before applying for the service.
Personal Finance