Save Time and Effort on Deposits! Easily Overcome Tiger Brokers Deposit Barriers with a Hong Kong HS

In the global financial market, the liquidity of investors’ funds is crucial. For users of international brokerages like Tiger Brokers, the deposit process can sometimes be limited by the type of account, affecting deposit channels and diminishing the brokerage investment experience. HSBC Hong Kong, as an offshore bank, provides a perfect solution to this issue.

When using Tiger Brokers for Hong Kong and U.S. stock investments, investors may encounter some difficulties with deposits. Due to the relatively limited deposit methods supported by Tiger Brokers, investors need to use accounts that meet specific standards for fund transfers.

These restrictions can make the deposit process complicated and time-consuming, especially for those who do not have accounts that allow the specified types of deposits. Moreover, cross-border deposits usually involve currency exchange and international bank procedures, which not only increase the cost but also add time delays and operational complexity. Therefore, finding a bank account that both meets the deposit requirements of Tiger Brokers and offers efficient and convenient services is crucial for maintaining the smooth flow of investment activities.

However, using an HSBC Hong Kong card can effectively simplify the process of withdrawing funds from Tiger Brokers accounts to overseas accounts.

The advantages include:

Unobstructed Deposits: The HSBC Hong Kong card perfectly matches the deposit requirements of Tiger Brokers, making fund transfers smoother.

Strong International Network:

HSBC has a broad range of branches and service networks worldwide, making cross-border fund transfers more efficient and reliable. Its global business layout ensures the stability and smoothness of fund flows.

Efficient Withdrawal Transfer Efficiency:

HSBC provides convenient localized services in Hong Kong, allowing funds to be transferred from Tiger Brokers accounts to HSBC accounts within the same or the next day, reducing the time delay of cross-border transfers.

Cost Savings:

Withdrawals using the HSBC Hong Kong card usually waive additional fees, avoiding the high costs of traditional international transfers and reducing the overall cost of fund transfers.

Convenient Account Opening Services:

HSBC offers convenient online account opening services. Through its Hong Kong Mobile Banking app, customers can quickly complete the account opening process, saving time and effort.

Multi-Currency Account Support:

HSBC supports multiple currency accounts, making cross-border fund management more flexible and efficient. Investors can freely switch between different currencies, optimizing fund usage.

A More Convenient Alternative—BiyaPay

If you already have a brokerage account, we strongly recommend using BiyaPay for deposits and withdrawals in U.S. and Hong Kong stocks. Through BiyaPay, you can deposit over two hundred digital currencies such as USDT and BTC, easily exchange them for major fiat currencies like USD and HKD, and then transfer the funds to your bank account, after which you can deposit them into your brokerage account. Additionally, you can directly remit funds to Charles Schwab via BiyaPay, with no limit on the amount and same-day arrival.

BiyaPay not only supports convenient deposit and withdrawal operations but, as a multi-functional wallet, it also supports trading in U.S. stocks, Hong Kong stocks, and Bitcoin. With USDT deposits and withdrawals, you can conduct 24-hour real-time trading. The entire withdrawal process is simple and quick, taking just a few minutes to securely arrive, and only incurring blockchain transaction fees.

How to Apply for an HSBC Hong Kong Card

Online Application, Online Account Opening

Download the HSBC Hong Kong Mobile Banking app;

Must hold a valid Hong Kong ID card or a specific overseas passport (including Australia, Canada, Singapore, the UK, the USA, or Vietnam, among others that meet the requirements)

For new HSBC customers;

Aged between 18 and 64;

Currently residing in Australia, Macau SAR, Singapore, the UK, or the USA.

Online Account Opening Process

If you meet the above conditions, you can apply online with the following steps:

Download the HSBC Hong Kong Mobile Banking app from the app store or google play store, open the app, and select “I do not have any accounts”;

Take a photo of your Hong Kong ID card (if you choose to use a passport, you will need to take a photo of the relevant identity document through the HSBC Hong Kong Mobile Banking app, and the entire account opening process takes about 10 minutes);

Take a selfie for identity verification;

Fill in personal details;

Press “Set up Online Banking Now” and register for online banking.

If you are in Hong Kong, you can apply in the following ways:

Visit any HSBC branch in person, handle offline;

Or apply through the HSBC Hong Kong Mobile Banking app;

Make an appointment online in advance, and prepare all relevant documents before the meeting (typically includes a valid mainland resident ID card or a valid Hong Kong-Macau pass or passport, address proof documents such as utility bills, bank statements, insurance company bills, etc., showing the address within the last three months).

Note:

The account opener of the bank account must have the same name as the securities account, and withdrawals to third-party bank accounts are not supported.

Only available funds can be applied for withdrawal.

If the receiving bank is a local bank in Hong Kong and the withdrawal amount is less than one million Hong Kong dollars/RMB, it will default to FPS withdrawal; otherwise, it will be non-FPS withdrawal.

The cut-off time for withdrawal applications is 11:00 on a trading day; any withdrawal instructions received after 11:00, as well as on non-trading days, will be processed the next working day.

FPS method withdrawal: 0 fees

Non-FPS method withdrawal: The transferring bank may charge a fee per transaction. The fee depends on the different bank charging standards, which can be inquired from the bank.

Owning an HSBC Hong Kong card can effectively solve the difficulties of withdrawing funds from Tiger Brokers abroad, making fund transfers smoother and more efficient. Whether through traditional Hong Kong card withdrawal methods or through BiyaPay’s real-time deposits and withdrawals, these solutions provide investors with more convenient ways to manage funds. By using these tools appropriately, you can greatly enhance the liquidity of your funds and ensure the smooth progress of your investments.