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 Personal 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 Online 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
- 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