What are the safe and convenient methods for depositing and withdrawing money with Futu? A comprehen

With the increasing interest of investors in Hong Kong and US stocks, efficient and safe fund deposit and withdrawal operations have become their focus. Futu, as a leading online investment platform, has become a good choice for many investors to invest in Hong Kong and US stocks due to its powerful functions and user-friendly services. Next, we will introduce how to deposit and withdraw funds on Futu and provide practical operation guidelines to help everyone manage their funds safely and quickly.

Futu deposit method

Futu Securities provides users with multiple ways to deposit funds to meet the needs of different investors. The following are the deposit methods and related operation steps. For more information, please refer to the deposit funds in the Futu Help Center.

e-DDA (Electronic Direct Deduction Authorization)

• The operation process: Users can directly set up e-DDA authorization through the Futu APP. After the first authorization is completed, each deposit can be completed with one click within the APP. Users only need to select “Deposit Funds” in the Futu APP, then select e-DDA as the deposit method, and complete the authorization and fund transfer according to the prompts.
• Arrival time: Usually the funds can be credited within 5 minutes, which is very suitable for users who need to quickly complete the transfer of funds.
• Handling fee: This method does not charge any handling fee.

Bank-certificate transfer

• Operation process: Bank-certificate transfer is a fast and convenient way to deposit funds, especially for users who have bank accounts in Hong Kong. Users need to first activate the bank-certificate transfer function in the bank, then select the “Bank-certificate transfer” option through the Futu APP, enter the corresponding amount, and the funds can be directly transferred from the bank account to the Futu Securities account.
• Arrival time: Funds usually arrive within 5 minutes, greatly reducing waiting time.
• No handling fee.

FPS (fast speed)

• Operation process: FPS is a very fast electronic payment system, similar to Alipay or WeChat Pay in Chinese Mainland. After users choose “FPS” as the deposit method in the Futu APP, they need to enter the FPS identification code provided by Futu in their Hong Kong bank APP to complete the fund transfer.
• Arrival time: Generally, funds can be credited within a few seconds.
• Handling fee: This method does not charge any handling fee and is very suitable for users who frequently make small deposits.

Online banking transfer

• The operation process: Through online banking transfer, users can use their own account in a Hong Kong bank to transfer funds to a designated account of Futu through the bank’s online banking system. After selecting the “bank transfer” option in the Futu APP, users will receive the bank account info provided by Futu, and then they need to perform the transfer operation in online banking. After the transfer is completed, the transfer voucher needs to be uploaded to the Futu APP to confirm the deposit.
• Arrival time: This method takes a long time to process, usually 1-3 working days to arrive.
• Transaction fee: Depending on the bank where the user is located, there may be transfer fees.

Futu withdrawal method

Futu Securities also provides a variety of ways to withdraw funds. For more information, please refer to the Futu Help Center for fund withdrawal . Users can choose the appropriate method according to their own needs:

Hong Kong bank account - non-bank transfer

• The operation process: After the user selects “withdraw funds” in the Futu APP, they choose the non-bank transfer method to transfer the funds from the Futu account to the Hong Kong bank account. It should be noted that the bank account holder who withdraws the funds must have the same name as the Futu Securities account.
• Arrival time: If the withdrawal request is submitted before 11:00 on the trading day, the funds usually arrive at the bank before 18:00 on the same day and can be used after 16:00 on the next trading day. If submitted after 11:00, the funds are expected to arrive on the next trading day.
• No handling fee is charged for this method.

Hong Kong Bank Account - Bank-Securities Transfer

• Operation process: Users can choose “Bank-Securities Transfer” as the withdrawal method in the Futu APP, and the funds can be transferred from the Futu account to the bank account in Hong Kong within a few minutes. This method is only supported by China Merchants Bank Hong Kong Branch and Minsheng Bank Hong Kong Branch.
• Arrival time: Funds usually arrive within 5 minutes, very fast.
• Handling fee: No handling fee.

Offshore bank account - telegraphic transfer

• Operation process: If the user needs to transfer funds to a non-Hong Kong bank account, they can choose telegraphic transfer. After selecting “withdraw funds” in the Futu APP, the user chooses telegraphic transfer as the withdrawal method and provides relevant bank information. This method involves cross-border transfers, and special attention should be paid to the accuracy of bank information.
• The arrival time: Usually, the funds will be remitted within 1-2 working days, but the specific arrival time may vary depending on the bank’s processing time.
• Handling fee: This method may involve multiple fees for remittance, transit, and receiving banks, with fees ranging from HKD 105-500 per transaction.

A more convenient global multi-asset trading wallet - BiyaPay

BiyaPay supports real-time exchange of digital currencies such as BTC and USDT with US dollars and Hong Kong dollars. Users can make real-time deposits and withdrawals through digital currencies. They can directly invest in US and Hong Kong stocks on the platform, or bind an offshore bank account to exchange USDT for US dollars and Hong Kong dollars through Biyapay, remit the money to the offshore bank account, and then deposit it into the broker. It can be credited on the same day, with low transaction fees and no limit on the amount. It not only supports trading in US and Hong Kong stocks, but also supports investing in digital currencies such as Bitcoin

How to operate more safely and quickly

Choose the most suitable deposit and withdrawal method:

• Based on your funding needs and transaction speed, choose the most suitable deposit and withdrawal method. For example, e-DDA, FPS, and BiyaPay are suitable for situations where quick arrival is needed. Bank-securities transfer can ensure safety while also achieving faster fund transfer.

Adopting advanced security measures:

• Enable multi-factor authentication (MFA) to enhance account security.
• Regularly update passwords, use complex password combinations, and avoid reusing them on multiple platforms.
• Monitor account activity and promptly detect and respond to abnormal operations.

Overall, a more suitable deposit and withdrawal method can help you achieve safer and faster fund management on the Futu platform, ensuring smooth transactions. Therefore, everyone should treat it with caution.