OCBC Singapore clears user-related information.

From December 2024, ineligible customers who opened accounts through the OCBC APP, even if they have used the accounts for a long time, will have their accounts closed. The clean-up operation will be completed by April 2025. Reason for Clean-up According to confirmation from OCBC Singapore customer service, the main reason for the account clean-up is due to the influence of Singapore’s domestic policies. The new account opening requirements have...

December 11, 2024 · 3 min · Finvoke

Hong Kong banks: CHATS charges for USD and EUR transfers

In Hong Kong, the Clearing House Automated Transfer System (CHATS) is the most convenient way to transfer US dollars and Euros. Basic knowledge of bank accounts and cards in Hong Kong The CHATS system is like an enthusiastic postman, responsible for delivering US dollars and Euros to where you want them to go. However, the postman doesn’t work for free. Today, let’s uncover the mystery of these transfer fees and...

December 5, 2024 · 1 min · Finvoke

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