What is eDDA?
What is eDDA?
eDDA (Electronic Direct Debit Authorization) is a value-added service introduced by the Hong Kong Monetary Authority for the FPS Express system, which can support the authorization to debit and deposit funds from your set bank account to your OSL trading account. Currently, it only supports HKD.
How to authorize eDDA
Please go to Assets page and click on Deposit to proceed to the next step.
Select HKD (eDDA only supports HKD)
Select eDDA
Select the bank name of the card you wish to use and enter the card number of your bank account. Fill in the type of document (e.g. Hong Kong Identity Card, Passport) and document number you provided when you opened the bank account to complete the authorization.
How to deposit using eDDA
After successfully authorizing deposits via eDDA, go to the Assets page and click on Deposit.
Select HKD
Select eDDA Deposit
Fill in the amount and the bank account you want to use to make the deposit
Why did my eDDA deposit fail?
Insufficient bank balance
The linked bank account has not activated the eDDA transfer function
The linked eDDA bank account is not a current account
What ID's can be used for eDDA authorization?
Personal:
Hong Kong ID Card
Passport
Others
Corporate:
Business Registration Number
Certificate of Incorporation Number
Others
The other accepted forms of ID will depend on the type of identification you used when opening the bank account you're planning to link.
What are the advantages of using eDDA?
Convenient: Clients can complete the authorization and deposit on the OSL platform, without the need for internet banking operations and transfer of credentials.
Fast Deposits: Deposits can be completed in as little as 5 minutes.
0 Fee: Authorization and deposits are completely free of charge.
What banks does eDDA support?
As of this writing, OSL's eDDA integration currently supports Standard Chartered Bank (Hong Kong) Limited, China Merchants Wing Lung Bank Limited, JPMorgan Chase Bank, The Hongkong and Shanghai Banking Corporation Limited, Citibank (Hong Kong) Limited, CITIC Bank (International) Limited, Bank of China (Hong Kong) Limited, Bank of Communications (Hong Kong) Limited, etc., you may also check the list of countries or consult customer service during the authorization stage to get more information.
eDDA (Electronic Direct Debit Authorization) is a value-added service introduced by the Hong Kong Monetary Authority for the FPS Express system, which can support the authorization to debit and deposit funds from your set bank account to your OSL trading account. Currently, it only supports HKD.
How to authorize eDDA
Please go to Assets page and click on Deposit to proceed to the next step.
Select HKD (eDDA only supports HKD)
Select eDDA
Select the bank name of the card you wish to use and enter the card number of your bank account. Fill in the type of document (e.g. Hong Kong Identity Card, Passport) and document number you provided when you opened the bank account to complete the authorization.
How to deposit using eDDA
After successfully authorizing deposits via eDDA, go to the Assets page and click on Deposit.
Select HKD
Select eDDA Deposit
Fill in the amount and the bank account you want to use to make the deposit
Why did my eDDA deposit fail?
Insufficient bank balance
The linked bank account has not activated the eDDA transfer function
The linked eDDA bank account is not a current account
What ID's can be used for eDDA authorization?
Personal:
Hong Kong ID Card
Passport
Others
Corporate:
Business Registration Number
Certificate of Incorporation Number
Others
The other accepted forms of ID will depend on the type of identification you used when opening the bank account you're planning to link.
What are the advantages of using eDDA?
Convenient: Clients can complete the authorization and deposit on the OSL platform, without the need for internet banking operations and transfer of credentials.
Fast Deposits: Deposits can be completed in as little as 5 minutes.
0 Fee: Authorization and deposits are completely free of charge.
What banks does eDDA support?
As of this writing, OSL's eDDA integration currently supports Standard Chartered Bank (Hong Kong) Limited, China Merchants Wing Lung Bank Limited, JPMorgan Chase Bank, The Hongkong and Shanghai Banking Corporation Limited, Citibank (Hong Kong) Limited, CITIC Bank (International) Limited, Bank of China (Hong Kong) Limited, Bank of Communications (Hong Kong) Limited, etc., you may also check the list of countries or consult customer service during the authorization stage to get more information.
Updated on: 25/10/2024
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