Hong Kong FPS Faster Payment System: A detailed guide to usage and avoiding pitfalls

Faster Payment System (officially known as Faster Payment System; English: Faster Payment System, abbreviation: FPS) is Hong Kong’s free real-time transfer platform for Hong Kong dollars and Renminbi. Faster Payment System can only transfer Hong Kong dollars and Renminbi. Some banks may use the Faster Payment System/Local Transfer transfer function to transfer US dollars, but in fact, they are using the local transfer method of CHATS, not Faster Payment System...

August 13, 2024 · 2 min · Finvoke

What are the differences between Wise in different regions and how to register and activate it?

Wise is a powerful remittance product. Many users even treat it as a multinational bank. Wise Features Wise has three features: Remittances. Multi-currency accounts. Wise card. Remittance is the transfer of money from one country to another. It’s faster than traditional wire transfers, but there are fees. Multi-currency accounts: some currencies have bank receiving information, which means that there is a local account in each corresponding country for you to use....

January 2, 2024 · 8 min · Finvoke

Hong Kong Credit Cards with Lots of Perks

Easy-to-apply and daily-discounted Hong Kong credit cards. Click here to join the discussion group and get the latest information Main offline spending Hang Seng mpower mobile payment, overseas spending, online spending 5% cash rebate Hang Seng enjoy daily food, drink, fun, convenience store, supermarket, pharmacy 4X points 9 or 92 or 95% discount Online spending Hang Seng mpower mobile payment, overseas spending, online spending 5% cash rebate General online shopping...

November 30, 2023 · 1 min · Finvoke

Singapore OCBC Charges and FAQs

Singapore OCBC detailed fee and FAQ explanation. This article is a supplement to OCBC Singapore Overseas Chinese Bank Remote Account Opening Tutorial. Includes content related to SGD account management fees, deposit channel losses, remittance fees, and Singapore local transfer cycles and limits. OCBC Singapore has closed its doors to non-Singapore residents. In November 2024, applying for OCBC Singapore through the app requires long-term visa information. Existing users who do not...

November 14, 2023 · 6 min · Finvoke

Free Money Transfer from Mainland China to Hong Kong

Some preliminary knowledge you need to know: Basic knowledge of bank accounts and cards in Hong Kong Basic knowledge of bank cards in mainland China Click here to join the communication group and get the latest information Question: Is it free to transfer money from mainland China to Hong Kong to accounts with the same name? Answer: Remittances between the two places are cross-border remittances, paying bank ( → transit...

September 25, 2023 · 5 min · Finvoke