Recurring transfer - Important Notes and Declarations

The Bank will set up the standing instruction accordingly, and no acknowledgement letter will be sent to you after the instruction is setup successfully.

For instruction submitted before HKT 20:00 (Monday to Friday) and 17:30 (on Saturday) will be effective after 2 business day.

If the instruction is rejected due to whatever reason, a notification letter will be sent to you by mail.

Transaction's details of the standing instruction will be reflected in your account statement or passbook after your request has been carried out by us.

Transfer of Funds must be in Hong Kong Dollar.

For transaction to a non-HSBC account, the beneficiary account will normally be credited one to two business days after payment date.

Please note that the first payment date must be within the range of your chosen payment frequency. For example, the first payment date should be within one week from the application date if it is weekly payment.

If the Payment Date falls on a day which is not a business day, the standing instruction will be effected on the following business day. In the event that the following business day falls on the next calendar month, the standing instruction will be effected on the business day immediately preceding the Payment Date. The reference to "business day" means a day, other than a Saturday, Sunday or public holiday, on which banks are open for general business in Hong Kong.

I/We agree to be bound by the following conditions:

1. I/We hereby authorise The Hongkong and Shanghai Banking Corporation Limited (the "Bank") to effect the standing instruction according to the provided details.
2. I/We understand that a transaction charge will be debited from my/our account for each payment requiring manual handling.
3. I/We understand that I/we should ensure that sufficient funds remain in my/our ‘From’ account at least one business day before each payment date of the standing instruction and until the payment is processed, and that a charge may be levied, at the Bank's discretion, on each standing instruction payment returned due to insufficient funds.
4. I/We understand that this standing instruction shall have effect until further notice or the total number of transfers indicated is reached (whichever shall first occur).
5. I/We understand that the Bank will not be liable for any delay or failure to carry out the standing instructions where such delay or failure is attributable (whether directly or indirectly) to any cause beyond the Bank's control including any equipment malfunction or failure and under no circumstances shall the Bank be responsible to me/us or any consequential or indirect losses arising out of or in connection with the carrying out or otherwise of my/our instructions.
6. I/We agree that any notice of amendment or cancellation of this instruction which I/we may give to the Bank shall be given at least 2 business days prior to the date on which such amendment or cancellation is to take effect.