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Business Integrated Account

Smarter Banking Creates Greater Business

Nanyang Commercial Bank, Limited (the “Bank”), the best partner in your business growth, is committed to providing comprehensive banking solutions to suit your needs. With our one-stop banking services and exclusive privileges of Business Integrated Account1, you can enhance your company’s financial management, operating efficiency and cost effectiveness.

For Business Integrated Account welcome offers

Comprehensive services to meet your needs

With Business Integrated Account, you can manage all of your company's accounts including Deposits, Loans, Trade Services, Mortgage and Investments, etc. under one roof for added flexibility and convenience.

Consolidated Statement enabling you to review your account details at a glance

  • Consolidated Monthly Statement2 listing the accounts summary, Total Relationship Balance, Monthly Service Fee privilege, Time Deposit schedule, account balance and transaction details can help you understand your company’s full financial status at ease.
  • You can conveniently view your Consolidated Monthly Statements of the previous 13 months via Corporate Banking Services Online (“CBS Online”).

“Auto-Sweeping Service”3

You may apply for our “Auto-Sweeping Service”.When the available balance of the designated current account is not sufficient to settle the cheque amount, this Auto-Sweeping Service will sweep funds from your company’s other designated account to avoid bounced cheque and unnecessary overdraft interest*.

* This Auto-Sweeping Service is only applicable to the overdraft of the Current Account due to drawing of cheque(s), provided the transfer sum does not exceed the maximum limit prescribed by the Bank from time to time. If the total transfer sum exceeds the maximum limit, this Auto-Sweeping Service will not be executed even though the amount of one of the cheques is below the maximum limit. If the transfer sum under this Auto-Sweeping Service successfully covers the overdraft amount, the Bank will not charge any overdraft interest.

Remittance and Express Transfer Services (RTGS / CHATS)

The Bank has established a suite of global remittance services that provide business customers, through diversified branch network and electronic channels, with telegraphic transfer in all major currencies and local interbank transfer in all 4 major settlement currencies. Conducting remittance transactions through CBS Online, you are no longer required to visit a branch. Time-saving, convenient and ease of use!

Fast Transfer (FPS)

FPS is a 24-hour instant cross-bank transfer service launched with the new Faster Payment System. Business customers can register the mobile number, email address or FPS ID as your FPS Proxy ID via internet banking. You would be able to complete your transfer instantly by using the registered FPS Proxy ID.

Payroll Service

The Bank provides corporate customers with convenient and secure Payroll and personnel management solution which helps you to enhance administrative efficiency and to minimise operation risk and transaction cost. Corporates can choose Payroll channels according to actual needs, to pay salaries to any designated account of local banks.

Trade Services

External trade is a key pillar of the local economy. Capitalizing on the extensive correspondent network in the Mainland and around the world and a dedicated team of commercial business professionals, we provide you with various cross-border trade financing services to grow your business.

In addition, we have strengthened our trade services under CBS Online, including the enhancement of import and export services and the launch of repayment and guarantee services to provide you with quality customer service.

ATM Card

Get up to 3 chip-based ATM Cards for free and manage your account anytime, anywhere via our extensive ATM network. Enhance your company’s financial management with greater security and you can enjoy convenient financial services.

All-inclusive e-banking Services

The Bank provides secure and reliable e-banking services to help you manage your finance anywhere anytime.

Corporate Banking Services Online (“CBS Online”)

  • You can access CBS Online to enjoy our comprehensive banking services and wide array of online transaction offers whenever needed.
  • As our prestigious Business Integrated Account customer, you can enjoy Monthly Service Fee waiver.

CBS Phone Banking

You can manage your banking accounts, credit card accounts, investment transactions and enquire about our services via CBS Phone Banking.

The Bank provides 3 types of Business Integrated Account to cater for your company’s different needs at different business stages:

Account Type Auto-sweeping Service3
– Maximum Limit:		 Monthly Service Fee4
– Total Relationship Balance:		 Number of Free Counter Transaction5
Business Integrated Account – Elite HK$100,000
US$12,000
RMB80,000		 HK$1,000,000 or above: Waived
HK$500,000 to below HK$1,000,000: HK$100
Below HK$500,000: HK$200		 50 transactions
Business Integrated Account – Plus HK$75,000
US$9,000
RMB60,000		 HK$200,000 or above: Waived
Below HK$200,000: HK$150		 50 transactions
Business Integrated Account HK$50,000
US$6,000		 HK$50,000 or above: Waived
Below HK$50,000: HK$120		 30 transactions

Total Relationship Balance (“TRB”)

The Business Integrated Account Monthly Service Fee4 is determined by your TRB, i.e. the monthly average balance of deposits, loans, value of Investment Assets, and mortgage installment.

  • TRB includes:
    • Deposits: balances of Savings Account, Current Account and Time Deposit
    • Loans: Utilized credit limit of Current Account (overdraft), Bills Account and Loans Account
    • Value of Investment Assets6: Such as Stocks, Bonds, Funds, Certificate of Deposit, Equity Linked Investments, Currency Linked Investments, Precious Metal and FX Margin, etc.
    • Mortgage: Installment Amount (includes principal and interest, but excludes the fully or partial prepayment amount).
      (Note: All foreign currency balances are calculated in Hong Kong Dollars based on exchange rates quoted by the Bank from time to time.)
  • All accounts of Master Customers and registered accounts of Registered Customers7 will be calculated for TRB of Master Customers.
  • You can view your TRB via CBS Online or the Consolidated Monthly Statement of Business Integrated Account

For details of Business Integrated Account, please visit any of our branches, contact your Relationship Manager or call the Customer Service Hotline at (852) 2622 2633

Terms for the Services
1 Business Integrated Account
   1.1 Business Integrated Account (“BIA” ) includes HKD Savings Account, HKD Current Account and Multi-Currency Savings Account. Customers may open additional types of accounts such as USD or RMB current account at their own discretion.
   1.2 The existing customers of Nanyang Commercial Bank, Limited (the”Bank” ) can apply for BIA. If the existing customers do not maintain HKD Savings Account, HKD Current Account or Foreign Currency Savings Account, they have to open such account(s) when applying for BIA.
2 Consolidated Monthly Statement of Business Integrated Account
   2.1 Upon successful account opening, Master Customers will receive the Consolidated Monthly Statement of BIA which covers the information (such as account balance and transaction record) of all accounts, Time Deposit of Master Customers and registered accounts of Registered Customers (if any) (as defined in Clause 7).
   2.2 Consolidated Monthly Statement of BIA will replace the existing Consolidated Monthly Statement (if any) of Master Customers and will be mailed to Master Customers’ mailing addresses. Registered Customers will continue to receive the existing Consolidated Monthly Statement.
   2.3 The language of Monthly Statement will be the same as the choice made by Master Customers in the “Account Opening Application Form (Companies/Organizations)” or “Customer/Accounts/Services Information Amendment Form (Companies/ Organizations)”.
3 Auto-Sweeping Service
   3.1 Definitions and Interpretation
     3.1.1 “Business Day” means the day on which the Bank opens for business in Hong Kong and carries out the banking business of paying or collecting cheques which are drawn by or paid in by customers (Saturday excluded);
     3.1.2 “Cut-off Time” means such time of the Business Day designated by the Bank from time to time for determination of the Overdrawn Principal;
     3.1.3 “Overdrawn Principal” means the total amount of principal overdrawn on the “Funds Recipient Account” as at the Cut-off Time of the Business Day, or the total amount of cheques debited from the “Funds Recipient Account” on that Business Day, whichever is lower;
     3.1.4 “Funds Recipient Account” means such Current Account under the name of the Master Customers held with the Bank, which is designated by the Master Customers and accepted by the Bank as “Funds Recipient Account”;
     3.1.5 “Funds Source Account” means such Savings Account in the same currency as that of the “Funds Recipient Account” under the name of the Master Customers or Registered Customers held with the Bank, which is designated by the Master Customers or Registered Customers and accepted by the Bank as “Funds Source Account” .
3.2 Subject to these Terms, the Bank shall provide this Auto-Sweeping Service to the Master Customers hereunder.
3.3 If the “Funds Recipient Account” is overdrawn by cheque(s) at the Cut-off Time on any Business Day, the Bank will automatically transfer a sum equal to the Overdrawn Principal ( “Transfer Sum” ) from the “Funds Source Account” to the “Funds Recipient Account” on the following Business Day, upon fulfilling the following conditions:
(a) the amount of the available cleared funds in the “Funds Source Account” is greater than or equal to the Overdrawn Principal before such transfer; and
(b) the Transfer Sum must not exceed the maximum limit prescribed by the Bank from time to time at its absolute discretion.
3.4 For the avoidance of doubt, this Auto-Sweeping Service is only applicable to overdraft of the “Funds Recipient Account” due to any drawing of cheque(s) from that account. However, despite any automatic transfer effected by the Bank through this Auto-Sweeping Service, the Bank is not obliged to transfer any part of the Transfer Sum from the “Funds Recipient Account” back to the “Funds Source Account” if any cheque drawn on the “Funds Recipient Account” cannot be cleared for whatever reason.
3.5 It is the Master Customers’ responsibility to monitor and maintain or to procure Registered Customers to maintain sufficient available cleared funds in the “Funds Source Account” from time to time in order that all applicable instructions, obligations and liabilities on the “Funds Source Account” owed to the Bank or any third party (including any Autopay or direct debit instructions) can be met and/or discharged when any automatic transfer is effected by the Bank from time to time through this Auto-Sweeping Service.
3.6 The Bank will not be liable to the Master Customers or Registered Customers or any third parties for any consequence or loss of any kind arising out of or in connection with the provision of this Auto-Sweeping Service (including any loss or damage incurred to the Master Customers or Registered Customers or any third party resulting from the lack or insufficiency of funds in the “Funds Source Account” to meet and/or discharge any applicable instructions, obligations or liabilities on the”Funds Source Account” ) unless due to the negligence or willful default of the Bank.
3.7 Without prejudice to the generality of the foregoing provisions, the Bank may refuse to perform this Auto-Sweeping Service at any time without notice and without liability if the “Funds Recipient Account” or/and the”Funds Source Account” is/are frozen for any reason.
3.8 Accounts registered for this Auto-Sweeping Service must be accounts held with the Bank.
3.9 Subject to these Terms, if the relevant transfers are not qualified for this Auto-Sweeping Service, any other arrangements which have already been in existence between the parties regarding “Funds Recipient Account”, “Funds Source Account”, or other accounts or services will be implemented by the Bank accordingly. For the avoidance of doubt, and without prejudice to anything provided hereof, the transfers rendered under this Auto-Sweeping Service are governed by these Terms, and that any transfer or transaction provided or rendered under any other arrangements are to be governed by the existing agreements entered into between the parties.
4 BIA Monthly Service Fee
The Bank will determine the BIA Monthly Service Fee by the Total Relationship Balance (“TRB”) of the customer. Monthly Service Fee collection (if any) will be debited from Master Customers’ designated HKD account stipulated on “Account Opening Application Form (Companies/Organizations)” or “Customer/Accounts/Services Information Amendment Form (Companies/Organizations)”. The current month’s TRB will affect the Monthly Service Fee waiver of the current month (the service fee of current month will be debited in next month). If there is any dispute on the calculation method of TRB, the method used by the Bank is final and conclusive. The Bank reserves the right to change the method from time to time.
5 Free Counter Transaction
5.1 There is a maximum limit on the number of free counter transactions each month (“Maximum Limit”) as determined by the Bank from time to time. Counter transactions include the following transactions conducted at branch counters of the Bank: Cash Deposit, Cash Withdrawal, Cheque Deposit, Mixed (Cash and Cheque) Deposit and Fund Transfer. Those counter transactions conducted by the Master Customers or third parties will be included. Total number of counter transactions refers to the counter transactions conducted through all accounts maintained with the Bank by the Master Customers and is calculated on a monthly basis.
5.2 Any counter transaction(s) exceeding the Maximum Limit shall be subject to a service fee of HK$20 per transaction (which may be changed by the Bank from time to time). Such service fee (if applicable) will be debited from a Master Customer’s Hong Kong dollars account. If there is any dispute on the calculation of the free counter transaction and the service fee, the method used by the Bank is final and conclusive. The Bank reserves the right to change the method from time to time.
6 Value of Investment Assets
The value of Investment Assets includes Stocks, Funds, Bonds, Certificate of Deposit, Equity Linked Investments, Currency Linked Investments, Precious Metal and FX Margin, Notional Precious Metals Passbook and Investment Deposit (monthly average balance will be calculated according to individual investment product).
7 Registered Customers
At least one person of the sole proprietor of sole proprietorship, partners of partnership or directors of limited company of each Registered Customer added should be the same as the sole proprietor of sole proprietorship, partners of partnership and directors of limited company of Master Customers. Registered Customers may register all or designated accounts held with the Bank under the BIA of Master Customers. Non-Government Organization, Non-Government Charitable Organization, Society, Club, Association, Owners Incorporation and Mutual Aid Committee cannot be designated as Registered Customers. All registered accounts will be taken into consideration for the calculation of TRB of Master Customers.
General Terms
  • The above promotion offers cannot be used in conjunction with other privileges that are not listed in this promotion material.
  • The accounts and services of the Bank are subject to the relevant terms. The Terms set out in this promotion material shall be in addition to the terms of the respective accounts and services. In case of any conflict, the Terms and Conditions in this promotion material shall prevail.
  • The Bank reserves the rights to amend, suspend or terminate the above products, services and promotion offers and to amend the relevant terms at any time at its sole discretion.
  • In case of any dispute, the decision of the Bank shall be final.
  • Should there be any discrepancy between the English and Chinese versions of this promotion material, the English version shall prevail.
Important Notice

Risk Disclosure:The following risk disclosure statements cannot disclose all the risks involved. You should undertake your own research and study before you trade or invest. For the nature and risk disclosures of individual investment products, customers should read carefully the relevant offering documents for details. You should carefully consider whether trading or investment is suitable in light of your own financial position and investment objectives. You are advised to seek independent financial and professional advice before you trade or invest. You should seek independent professional advice if you are uncertain of or have not understood any aspect of the following risk disclosure statements or the nature and risks involved in trading or investment.

You are advised to understand the relevant details, charges, important notes and risk disclosures before you invest in Mainland China A shares. For details, please contact the branch staff of the Bank.

Risk Disclosure of Securities Trading/Funds/Precious Metal Trading/Bonds Trading (“Investment products”):The prices of investment products fluctuate, sometimes dramatically. The price of an investment product may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.

Risk of RMB/Foreign Currency Trading: RMB/Foreign currency investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB/foreign currency exchange rate may result in losses in the event that customer converts the RMB/foreign currency into HKD or other foreign currencies.

RMB Conversion Limitation Risk:RMB is currently not fully freely convertible. Corporate customers that intend to conduct conversion of RMB through banks may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.

This promotional material does not constitute any offer, solicitation, recommendation, comment or guarantee to the purchase, subscription or sale of any investment product or service.

This promotional material is issued by the Bank and the contents have not been reviewed by any regulatory authority in Hong Kong.