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As global investment channels gradually open up, more and more individual investors are showing a keen interest in the Hong Kong and U.S. stock markets. After all, these markets are known for their maturity, transparency, and high liquidity, attracting the attention of numerous international investors. However, for many beginners trying to invest for the first time, efficiently and safely funding a Hong Kong and U.S. stock brokerage account is a big challenge. This article will introduce several common funding methods to help you smoothly complete the first step of investing.
Wire transfer is the most direct way to fund Hong Kong and U.S. stocks. With this method, you can transfer money directly from your bank account to the brokerage account of Hong Kong and U.S. stocks.
Steps:
Pros and Cons:
Established in 2019, BiyaPay is a multi-asset wallet that supports both fiat and digital currencies. It not only supports mixed exchanges of dozens of global fiat currencies and more than two hundred types of digital currencies but also aims to provide users with safer and faster international remittance.
It is also a professional tool for funding and withdrawal for U.S. and Hong Kong stocks, with online account opening, no need for an offshore bank account, and exchanges USDT for USD. Funding Charles Schwab incurs the lowest fee of 20 USD, with same-day remittance reaching on the same day.
Moreover, BiyaPay has dedicated one-on-one service advisors to guide in funding and withdrawal. If there are any issues, you can contact the service advisor, which I personally find quite convenient.
Two methods to use BiyaPay for funding U.S. stock transactions:
Through BiyaPay for currency exchange, using Charles Schwab as an example: BiyaPay has no limit on the amount, supporting both wire transfer and ACH. You can directly fund through ACH with zero bank fees, typically reaching the same day.
Directly recharge digital currency (USDT) in BiyaPay to exchange for U.S. dollars and trade U.S. and Hong Kong stocks, without the need for an offshore bank account. Identity verification with an ID card or passport allows you to trade U.S. and Hong Kong stocks anytime, anywhere. This method saves the cumbersome steps of fiat currency funding and withdrawal with traditional brokers and also saves various cost losses, making it a good choice. If you already have bank accounts in Hong Kong, the U.S., or other overseas locations, you can also exchange currencies from BiyaPay, withdraw and then fund brokers like Interactive Brokers or Tiger Brokers, quickly and conveniently, with unlimited amounts, same-day remittance, and enjoying the lowest fees.
Steps (using Charles Schwab as an example):
Recharge USDT
Bind account
Characteristics of USDT funding through BiyaPay to Charles Schwab:
If you have a bank account in the U.S., you can choose to fund via ACH transfer, which usually does not require high fees.
Steps:
Pros and Cons:
FPS (Faster Payment System) is an internet payment platform launched by the Hong Kong Monetary Authority in 2018, similar to Alipay, and is the most common method for funding and withdrawal with Hong Kong cards.
Hong Kong brokers all have Hong Kong corporate bank accounts, and FPS simultaneously binds the broker’s bank account and the client’s Hong Kong card account, enabling real-time crediting without fees.
Steps:
Pros:
Cons:
In conclusion, there are diverse methods for funding Hong Kong and U.S. stocks, each with its own features and suitable situations. Investors should choose the most appropriate funding method based on their specific needs and conditions to ensure the safety of funds and the smooth progress of investments. On the path of cross-border investment, rational planning and cautious operation are key to success.