The Bank of East Asia

Personal Banking

Faster Payment System

Faster Payment System, Payment in just a few steps!

 

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FPS Features Overview

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No need for recipient’s a/c number
You can make transfers1 using just the recipient’s mobile number, email address, or FPS ID.
24/7 real-time transfers
Make and receive payments anytime2, anywhere, and avoid delays.
$0 inter-bank transfer handling fee
Free3 instant money transfers through Cyberbanking (Internet) or Mobile Banking (BEA App).
Inter-bank transfers
FPS connects all participating banks and stored-value facilities in Hong Kong.
Pay and receive money by QR Code
Make/receive payments using an FPS QR code through Mobile Banking (BEA App).
HKD/RMB transfers
Available for Hong Kong dollar (HKD) or renminbi (RMB)4 transfers.
 
Remarks: 1 Only applies to receiving banks that support instant payment transfers.
2 If a recipient wishes to receive money using their mobile number, email address, or FPS ID, they must first register for the FPS Addressing Service with their bank/stored-value facility. Alternatively, the payer can enter the recipient’s bank account number directly, and the payment will still be processed through FPS.
3 Instant money transfers through ATM will be charged $10 per transaction.
4 Only applies to receiving banks that support FPS renminbi transfers.

 

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How to use the Faster Payment System (FPS) to make free inter-bank transfers in real time?

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Payee:

The recipient must first register their mobile no., email address and/or FPS ID, and link this/these to a designated account through the FPS Addressing Service. They can also set BEA as their default receiving bank.

How to register for the FPS Addressing Service

 

Payer:

The sender can then make a free inter-bank FPS transfer in real time by entering the recipient’s registered mobile no., email address, or FPS ID through our Cyberbanking (Internet) or Mobile Banking (BEA App) service.

How to transfer (FPS) through Mobile Banking (BEA App)

How to transfer (FPS) through Cyberbanking (Internet)

How to use “Small-value Transfers (FPS)” through Mobile Banking (BEA App)