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HSBC’s e-Cheque services

A smarter way to manage your cheques

e-Cheque is the electronic counterpart of paper cheque, and is issued and presented in digital form. The totally electronic operation process brings you the following key benefits:

 

Benefits

Added convenience

  • Immediate access anywhere with an internet connection
  • No need to physically pickup or deposit
  • No cheque book required

 

Better security

  • Uniquely identifiable and protected with digital signing technology that prevents data from being altered
  • e-Cheque details are captured digitally for complete accuracy
  • Use of PIN-protected Security Device / Mobile Security Key and SMS transaction alerts to provide safe and secure service

 

Increased flexibility

  • Extended cheque deposit cut-off time
  • Issuance, deposit and status enquiry can be performed anytime online
  • Festive themed e-Cheque background designs available for selection

e-Cheque issuance, deposit and other services

HSBC Personal Internet Banking customers

You will need your PIN-protected Security Device / Mobile Security Key for issuance, deposit of e-Cheque and enjoy other e-Cheque services

e-Cheque Deposit Box Service

Personal Banking customer could use the e-Cheque Deposit Box Service to deposit e-Cheques. Usage of this service does not require a logon to HSBC Internet Banking or PIN-protected Security Device / Mobile Security Key

HSBC Commercial Banking customers

Key features

  • Digitally signed PDF file format containing information similar to the information on the traditional paper cheque, and with an e-Cheque logo
  • Has the same legal status as paper cheque
  • Is not negotiable or transferable
  • Can issue a forward-dated e-Cheque up to 90 days from today
  • Valid for 6 months from the date of e-Cheque
  • Can issue an e-Cheque with amount up to your pre-set daily transfer limit of non-registered accounts via Personal Internet Banking, which is capped at HKD400,000 per day *
  • Must be addressed to a payee and deposited with a bank accepting e-Cheques
  • Can be used to make Hong Kong Dollar, US Dollar and Renminbi payments
  • Choices of e-Cheque background design available for selection
  • Festive themed e-Cheque background designs available for selection
  • e-Cheque can be uploaded (deposited) through any of the following channels:

        - log on to HSBC Internet Banking

        - via the e-Cheque Deposit Box Service on HSBC's website

        - via the e-Cheque Drop Box on the HKICL website (HK Interbank Clearing Ltd).

 

*This limit is shared by all available channels (the respective maximum daily transfer sub-limit for local ATM and Personal Internet Banking is HKD400,000, and for overseas ATM and phone banking is HKD50,000).

 

e-Cheque security features

  • The payer is required to use a PIN-protected Security Device to pass through the Two Factor Authentication (2FA) before issuing an e-Cheque
  • The e-Cheque issuance record kept by the paying bank provides an additional channel for the bank to verify the e-Cheque
  • The adoption of Public Key Infrastructure (PKI) technology in the digital signature of e-Cheque helps to prevent e-Cheque tampering
  • Centralized deposit checking mechanism avoids multiple deposit of same e-Cheque

 

Smart tips to use e-Cheque

Dos
  • Obtain the payee's agreement and latest email address for receiving an e-Cheque
  • Ensure that the e-Cheque information has been correctly filled in before the issuance
  • Use a secured electronic channel for e-Cheque delivery or encrypt an e-Cheque before delivery if necessary
  • Remove the e-Cheques from the computer and/or smart phone after the issuance and/or presentment (where applicable) unless record-keeping is necessary

 

Don'ts

  • Don't input any personal data other than the payee's name (e.g. HK Identity Card number, Telephone number etc) when issuing an e-Cheque
  • Don't scan an image of paper cheque and treat it as an e-Cheque
  • Don't print out the e-Cheque for presentment at bank branches
  • Don't deposit an e-Cheque more than once
  • Don't offer any credit facility to the payee based on an e-Cheque as collateral