General Banking Service Charges

Current Account

Items Service Charges / Fees
Returned cheque
Insufficient funds
HKD / USD cheque
RMB cheque

Other reasons
HKD / USD cheque
RMB cheque

RMB cheque amount exceeding RMB80,000


HK$150 / US$18 per returned cheque
RMB200 per returned cheque


HK$50 / US$6.5 per returned cheque
RMB50 per returned cheque

RMB200 per returned cheque
Mark "good" cheque
Dispatched by The Bank

HK$200 per cheque
(Plus drawee bank charges)
Dispatched by customer HK$60 per cheque
Stopped payment order HK$100 per instruction

HK$100 / US$13 / RMB80 per instruction (Through Corporate Internet Banking)
Special-printed cheque The Bank reserves the right to levy charges
Special-printed deposit slips The Bank reserves the right to levy charges
Cheque book delivery
By ordinary mail
By registered mail

Waived
HK$25 / US$3 / RMB20 plus non-local postage (postage will be waived if delivery address is in HK)
Dishonoured cheque returned by registered mail HK$25 / US$3 / RMB20 per cheque plus non-local postage (postage will be waived if delivery address is in HK)
Account closed within 3 months after account opening HK$200 per account
Monthly fee
Average monthly balance in the “Swiss Franc” (“CHF”) in the Current Account exceeds CHF 500,000.00
(Only applicable to corporate customers)
 
Subject to a monthly service fee based on 1.00% per annum of the average monthly balance of CHF in the current month. The monthly service fee will be calculated in CHF.
(Only applicable to corporate customers)
Average monthly balance in the "Danish Krone" ("DKK”) in the Current Account exceeds DKK4,000,000.00
(Only applicable to corporate customers)
Subject to a monthly service fee based on 0.85% per annum of the average monthly balance of DKK in the current month. The monthly service fee will be calculated in DKK.
(Only applicable to corporate customers)
Average monthly balance in the "Swedish Krona" ("SEK”) in the Current Account exceeds SEK5,000,000.00
(Only applicable to corporate customers)
Subject to a monthly service fee based on 1.00% per annum of the average monthly balance of SEK in the current month. The monthly service fee will be calculated in SEK.
(Only applicable to corporate customers)
Average monthly balance in the "Euro" ("EUR”) in the Current Account exceeds EUR5,000,000.00
(Only applicable to corporate customers)
Subject to a monthly service fee based on 0.40% per annum of the average monthly balance of EUR in the current month. The monthly service fee will be calculated in EUR.
(Only applicable to corporate customers)
Combined average monthly balance in HKD current account(s) and savings account(s) below HK$5,000
(Only applicable to corporate customers)
Waived
(Only applicable to corporate customers)
Temporary Overdraft / Overdrawn
Unauthorized overdraft
HKD



USD




RMB


HK$120 per cheque and O/D interest calculated at prime rate plus 10% or overnight HIBOR (whichever is higher)

US$15 per cheque and O/D interest calculated at US prime rate plus 10% or overnight LIBOR plus 4% (whichever is higher)

RMB120 per cheque and O/D interest calculated at CNY prime rate plus 10% or overnight CNY HIBOR plus 10% (whichever is higher)

In excess of overdraft limit
HKD



USD

 


RMB


HK$120 per cheque and O/D interest calculated at prime rate plus 10% or overnight HIBOR (whichever is higher)

US$15 per cheque and O/D interest calculated at US prime rate plus 6% or overnight LIBOR plus 4% (whichever is higher)

RMB120 per cheque and O/D interest calculated at CNY prime rate plus 10% or overnight CNY HIBOR plus 10% (whichever is higher)
Against uncleared items HK$120 / US$15 / RMB120 per cheque

Savings Account

Items Service Charges / Fees
Replacement of a passbook HK$100 per account
Account closed within 3 months after account-opening date HK$50 per account
Monthly fee
Average monthly balance of "Swiss Franc" ("CHF") in the savings or multi-currency account exceeds CHF500,000.00
(Only applicable to corporate customers)
 
Subject to a monthly fee based on 1.00% per annum of the average monthly balance of CHF. The monthly fee will be calculated in CHF.
(Only applicable to corporate customers)
Average monthly balance of the "Danish Krone" ("DKK”) in the DKK Savings Account or Multi-Currency Savings Account exceeds DKK4,000,000.00
(Only applicable to corporate customers)
Subject to a monthly service fee based on 0.85% per annum of the average monthly balance of DKK in the current month. The monthly service fee will be calculated in DKK.
(Only applicable to corporate customers)
Average monthly balance of the "Swedish Krona" ("SEK") in the SEK Savings Account or Multi-Currency Savings Account exceeds SEK5,000,000.00
(Only applicable to corporate customers)
Subject to a monthly service fee based on 1.00% per annum of the average monthly balance of SEK in the current month. The monthly service fee will be calculated in SEK.
(Only applicable to corporate customers)
Average monthly balance of the "Euro" ("EUR") in the EUR Savings Account or Multi-Currency Savings Account exceeds EUR5,000,000.00
(Only applicable to corporate customers)
Subject to a monthly service fee based on 0.40% per annum of the average monthly balance of EUR in the current month. The monthly service fee will be calculated in EUR.
(Only applicable to corporate customers)
Combined average monthly balance in HKD current account(s) and savings account(s) below HK$5,000
(Only applicable to corporate customers)
Waived
(Only applicable to corporate customers)
RMB savings account average monthly balance below RMB5,000
(Only applicable to corporate customers)
Waived
(Only applicable to corporate customers)

RMB Notes Deposits,  Foreign Currency Notes Deposits / Withdrawals

Items Service Charges / Fees
Deposit of RMB notes into RMB account Waived if the total daily deposit amounts transacted at branch counters per customer are within the following limits:

 

Private Wealth/ Wealth Management / Business Integrated Account - Elite

Enrich Banking / Business Integrated Account – Plus

i-Free Banking / Business Integrated Account

Other Customers

RMB

20,000

20,000

10,000

5,000

If a customer deposits an amount exceeding the above daily limit, BOCHK will charge a fee equivalent to 0.25% of the total deposit amount on that day; and the fee will be charged in HKD subject to a minimum fee of HKD50.00 per transaction.
Foreign currency notes deposit to / withdrawal from account of its original currency
(Calculated withdrawal or deposit separately)
Waived if daily deposit / withdrawal amounts transacted at branch counters per customer are within the following limits (in original currency):
  Private Wealth/ Wealth Management / Business Integrated Account - Elite Enrich Banking / Business Integrated Account - Plus i-Free Banking / Business Integrated Account / Other Customers
USD 10,000 5,000 2,000
AUD, NZD,
CAD, EUR,
GBP, CHF,
SGD, BND,
ZAR
5,000 3,500 2,000
JPY 600,000 350,000 200,000
THB 50,000 35,000 30,000
DKK, NOK,
SEK
20,000 15,000 10,000
If a customer deposits / withdraws an amount exceeding the above daily limit, BOCHK will charge a fee equivalent to 0.25% of the whole deposit / withdrawal amount; and the fee will be charged in HKD, based on the prevailing telegraphic transfer exchange rate of foreign currency to HKD

Accounts / Services Application Fee (Only applicable to corporate customers)

Accounts / Services Application Fee (Only applicable to corporate customers)1

Items Service Charges / Fees
Application basic fee – HK$1,200 per application, plus:
Fee for the company incorporated in Mainland China2 HK$2,000 per application, plus the fee for conducting company search for company incorporated in Mainland China (according to the Bank’s actual costs)
Fee for the company incorporated overseas3 HK$5,000 per application, plus the fee for conducting company search for company incorporated overseas (according to the Bank’s actual costs)

Fee for special company:

  • Company with 4 or more layers in its ownership/controlling structures, or
  • Trust account
HK$5,000 per application

Time Deposit

Items Service Charges / Fees
Early uplifting

If we exercise our discretion to allow uplift of time deposit before maturity, no interest will be payable and the customer must pay charges calculated based on the following formulae (whichever is higher) subject to a minimum of HKD200.00:
1. Time Deposit Principal x [(Prime Rate* -2.50%) - Time Deposit Interest Rate] x No. of Days due to Maturity/Total No. of Days in a Year
2. Time Deposit Principal x (Inter-Bank Offer Rate* - Time Deposit Interest Rate) x No. of Days due to Maturity/Total No. of Days in a Year
*Subject to the rate as quoted by us from time to time.

 

BOC Card

Items Service Charge / Fee
Card replacement fee
Replacement due to customer's loss of a BOC Card (with HKD account as the primary account) / BOC Fast Cash Card
Replacement due to customer's loss of a BOC Card (with RMB account as the primary account)
Non-receipt of new card

HK$50


RMB50


Waived
Replacement of a damaged card
New card with HKD account as the primary account
New card with RMB account as the primary account

HK$50

RMB50
Cash withdrawal via ATMs of "JETCO" network4 Cash withdrawal in the Mainland / Macau HK$20 per transaction
Cash withdrawal via "CUP" ATM network (Also applicable to BOC UPI Dual Currency Credit Card linked with bank accounts)5 Cash withdrawal from RMB account RMB15 per transaction
Cash withdrawal from HKD account HK$15 per transaction
ATM cash withdrawal via "VISA / PLUS" network (Applicable to BOC Visa Credit Card linked with bank accounts)6 HK$25 per transaction
ATM cash withdrawal via "MasterCard / Cirrus" network (Applicable to BOC MasterCard Credit Card linked with bank accounts)7 HK$25 per transaction

Safe Deposit Box

Items Service Charges / Fees
Replacement of a key HK$100 (plus key replacement cost)
Drilling of box and replacement of lost keys HK$200 (plus box opening fees and lock replacement costs)

Cashier's Order

Items Service Charges / Fees
Issuance of a cashier's order (HKD / USD / RMB) HK$50
Issuance of an e-Cashier's Order (HKD / USD / RMB) HK$50 / US$6 / RMB40
Verification of the purchaser's identity Waived
Cancellation of cashier's order and redeposit into purchaser's account HK$50 per item
Report loss of a cashier's order to HKICL HK$50 plus HKICL charges
Mark 'good'-cashier's order HK$50 per item

Bank Certification

Items Service Charges / Fees
Banker's endorsement HK$150
(HK$20 for each additional copy)
Confirmation of account balance HK$100
(HK$20 for each additional account)
Auditor's confirmation HK$300 per set
Banker's reference letter HK$300
(HK$25 for each additional copy)

Outward Remittance

Outward Remittance
Items Charges / Details
Telegraphic Transfer Telegraphic Transfer Conducted via branches HK$210 per item8
Conducted via electronic channels Personal customers: HK$65 per item8
Corporate customers: HK$105 per item8
BOC Remittance Plus
Remittance to branches of Bank of China and Cooperative Banks in the mainland and designated branches outside Hong Kong
Conducted via branches HK$200 per item8
Conducted via electronic channels Personal customers: Waived8
Corporate customers: HK$100 per item8
Handling Fee of Message to Beneficiary Conducted via branches Waived if message is within 10 Chinese characters or 10 English words;
HK$100 per item if exceeded
Conducted via electronic channels Waived
Extra Cable Charge (if more than one SWIFT/electronic message is required) HK$100 per message
Correspondent Bank Charges9 (Applicable if remitter requested to bear correspondent bank charges) USD To anywhere (excluding the mainland)  HK$160 per item
EUR To Euro Area

No charge in advance if remittance amount is EUR100 or below

EUR25 per item if remittance amount is EUR100.01 to Euro12,500

EUR35 per item if remittance amount is above EUR12,500

GBP To United Kingdom and Ireland GBP20 per item
JPY To Japan Minimum JPY3,000 per item
THB To anywhere THB500 per item
All Others Minimum HK$200 per item
Confirmation to Beneficiary Bank by SWIFT/electronic message HK$100 per item
Handling charge for amendment, cancellation, return HK$220 per item, plus correspondent bank charges10
Enquiry on status of remittance By SWIFT/electronic message HK$220 per item, plus correspondent bank charges10
By telephone call HK$100 per item
Set up or amend Standing Instruction of general remittance HK$100 per item, plus regular outward remittance charges

Set up, execute, or amend Standing Instruction remittance of social security payments for the Elderly.
(Applicable to Recipients/Appointees of the Portable Comprehensive Social Security Assistance Scheme, Guangdong Scheme and Fujian Scheme only)

Waived
BoC Pay Cross-border Remittance 1% of total amount for remittance (subject to a minimum fee HKD20.00 per transaction and a maximum of HKD60.00 per transaction
Demand Draft Issuance of Demand Draft For picking up on same day HK$100 per item
Request for Cancellation of issued Demand Draft HK$250 per item
Request for Stop Payment and/or Report Loss of issued Demand Draft HK$250 per item (plus an additional charge of HK$140 per item levied by HKAB, which is subject to change without prior notice)

Inward Remittance

Inward Remittance
Items Charges / Details
Proceeds credited to a BOCHK account

Remittance amount not more than HK$500 or equivalent

Waived
Remittance amount more than HK$500 or equivalent HK$60 per item
Mark good by other banks in Hong Kong Telegraphic Transfer / Mail Transfer HK$35 per item
Demand Draft HK$100 per item
Enquiry by SWIFT/electronic message HK$100 per item

Remittance - Others

Others
Services Items Charges / Details
Facsimile Hong Kong
(within 5 pages)
HK$50 per item
Outside Hong Kong (within 2 pages) HK$100 per item
Each additional page
(all countries/regions)
HK$50 per item
Issuance of the duplicate advice or receipt Within 1 year HK$50 per page
1-2 years HK$100 per page
2-3 years HK$150 per page
More than 3 years
(maximum 7 years)
HK$200 – HK$350 per page

Local Bank Transfer

Local Bank Transfer
Items Charges / Details
Local Bank Transfer Express Transfer (RTGS/ CHATS) Funds Transfer to other local banks by Express Transfer (RTGS/ CHATS) Conducted via branches HK$180 per item11
Conducted via electronic channels Personal customers: Waived
Corporate customers: HK$25 (HKD/CNY)/HK$55 (USD/EUR) per item11
Funds transfer from other banks by Express Transfer (RTGS/ CHATS) to a BOCHK account Transfer amount not more than HK$500 or equivalent Waived
Transfer amount more than HK$500 or equivalent Personal customers: Waived
Corporate customers: HK$15 per item
Handling charge for amendment, cancellation, return or enquiry10 HK$150 per item
FPS (Faster Payment System) Funds transfer to other local banks through FPS Transfer amount is equal to or not more than HK$1 million or equivalent Personal customers: Waived
HKD transfer amount is equal to or not more than HK$1 million


CNY transfer amount is equal to or not more than CNY$1 million
Corporate customers: HK$10 per item




Corporate customers: CNY$8 per item
Funds transfer from other local banks through FPS to a BOCHK account Waived
Handling charge for return or enquiry10 Corporate customers: HK$150 per item

Personal customers: HK$150 per item

Charges on Personal Customers in this section will be waived until further notice

Autopay

Items Charges / Details
Setup or amendment of standing instruction for autopay-out HK$70 / RMB56 per item
Returned autopay (due to insufficient funds) Direct debit authorisation (DDA) HK$150 / RMB130 per item
Standing instruction for autopay-out HK$150 / RMB130per item
Re-processing of direct debit authorisation (DDA) instruction HK$100 / RMB90 per item

Other Services

Other Services
Items Service Charges / Fees
Company search
Limited company
Unlimited company
HK$150
HK$100
Request for savings / fixed deposit account records
1 year
2 years
3 years
More than 3 years (maximum 7 years)
HK$250 per account
HK$750 per account
HK$1,000 per account
HK$1,000 per additional year
Request for copy of account statements (from 1 month up to 7 years from the date of request) HK$50 per statement cycle
Setting up / Amendment of standing instruction HK$70
Written funds transfer instruction without using the BOCHK standard form HK$150 per transaction
Provision of dupliacte copy of customer's information HK$50 per page plus operating costs
Gift cheque (HKD / RMB) HK$10 per item
Notional Precious Metals Passbook
 
Replacement of passbook HK$100 per account
Change of coins
10 or 20 cents
Others
HK$1 for every 20 dollars
HK$1 for every 50 dollars
Bulk coins deposit (presorting is required) 2% of the total amount for deposit of 500 coins or above

Subject to a minimum fee HK$50 per transaction
Bulk cash deposit / transaction (HKD)12 0.25% of the total deposit amount for depositing above 200 notes / above HK$100,000 via branch counters per customer per day

Subject to a minimum fee HK$50 per transaction
Bulk cheque deposit
Up to 30 pieces per day
Charges for each cheque if more than 30 pieces per day
Waived
HK$1
Encashment of demand draft

Issued by Bank of China



Issued by other banks



Returned unpaid items

0.25% of draft amount (minimum HK$50) plus correspondent bank's charge (if any)

0.375% of the draft amount (minimum HK$50) plus correspondent bank's charge (if any)

HK$100 plus correspondent bank's charge (if any) and interest
Clean bills
Sent for collection (applicable to non-bills transactions)

Returned / unpaid items
HK$200 per item (including postage) plus correspondent bank's charge

HK$100 plus correspondent bank's charge (if any) and interest

Loan Services

Mortgage Loan Service
Item Charges / Details
Handling Charge13 0.5% of loan amount (Subject to a minimum of HK$1,000 equivalent)
Cancellation Fee 13 0.15% of loan amount (Subject to a minimum of HK$5,000 equivalent)
Custody of Property Title Deeds after Full Repayment HK$3,000 per year
Lease Consent Letter on Charged Property HK$1,000 per letter (plus legal cost, if any)
Fee for Full / Partial Principal Repayment (less than 1 month’s prior notice) Base on repayment amount to charge 1-month interest calculating from prepayment date
Re-issuance of Notice for Repayment Schedule HK$100 per copy
Re-issuance of Annual Statement of Instalment Loan Account HK$100 per copy
Confirmation of Mortgaged Property and Account Balance HK$200 per copy
(HK$20 for each subsequent copy issued simultaneously)
Re-issuance of Confirmation of Mortgage / Notice for Repayment Schedule for the Mortgage Subsidizing Scheme of Hospital Authority / Government HK$100 per copy
Change of Mortgage Term13 (e.g. Repayment amount, tenor, mortgage scheme14, mortgagor, guarantor and the like) HK$1,000 per item
Change of Mortgage Scheme from "All-You-Want" Mortgage Scheme / "Smart" Mortgage Scheme to other mortgage scheme (or vice versa) HK$2,000 for each application
Provision of Duplicate Copy of Deeds / Documents HK$200 per title deed of property;
HK$50 per page for other documents
Administration Fee for Late Payment13 HK$500 for each overdue repayment (plus legal cost, if any)
Administration Fee for Government Rate / Rent Payment13 HK$500 for each time
Administration Fee for the Change of Insured Amount of Fire Insurance (Applicable to the insured amount involving assessment of the reinstatement value of the property) HKD1,000.00 for each time
BOC Express Cash
Item Charges / Details

BOC Express Cash Instalment Loan

Handling Fee

0%-1.5% of total loan amount per annum (Please refer to loan advice for

the actual handling fee to be charged)

Default Interest and Handling Fee

HK$500 late payment fee plus default interest rate of 0.1% per day on the overdue amount until the day of actual payment will be charged upon each occasion of overdue monthly repayment.

Early Settlement Fee

Upon early settlement of the Loan, outstanding interest and principal shall be calculated on the basis of “Reducing Balance Method16” or “Rule of 7817”.

 

“Reducing Balance Method”: The Borrower shall also pay an early settlement fee which is 2% of the approved principal amount of BOC Express Cash Instalment Loan / Balance Transfer. The Bank may at its discretion adjust the early settlement fee at any time.

 

“Rule of 78”: The Borrower shall also pay an early settlement fee which is 2% of the approved principal amount of the Loan; 1.5% of the amount of the approved Loan for balance transfer (in accordance with the Terms and Conditions of BOC Express Cash Instalment Loan Balance Transfer) per annum for the remaining years of the Loan Period (any part of a year shall be rounded up to a year). The Bank may at its discretion adjust the early settlement fee at any time.

BOC Express Cash Revolving Credit18

 

Annual Fee (only applicable to the customer who apply for the BOC Express Cash Revolving Credit on or after 1 June 2009)

1% of credit limit (subject to a minimum of HKD50.00 and a maximum of HKD1,000.00)

Withdrawal/transaction Fee: Cash Advance19 / Balance Transfer Service19 / Cash Before Card Service19 / payment or fund transfer through “JET Payment”19

Cash Advance / Balance Transfer Service / Cash Before Card Service / payment or fund transfer through “JET Payment” in Hong Kong: 2% of transaction amount plus HKD20.00 per transaction

Payment or fund transfer through “Online Bill Payment”19

2% of transaction amount plus HKD20.00 per transaction.

Minimum Payment

i) 3% of total outstanding amount (subject to a minimum of HKD40.00); and

ii) any overdue minimum payment amount from previous monthly statement (where applicable); and

iii) total of over-limit amount (where applicable

Late Payment Charge

5% of the Minimum Payment (subject to a minimum of HKD100.00 and a maximum of HKD200.00) for each late payment.

Returned Cheque /

Rejected Autopay Charge

HKD150.00 per transaction

Over-limit Handling Fee20

HKD100.00 per statement period

Statement Copy Retrieval Fee

• Within the latest 2 months         Free

• Preceding the latest 2 months   HKD50.00 per copy

Sales Slip Retrieval Fee

HKD30.00 per copy

Lost Card Replacement Fee

HKD100.00 per card

Foreign Currency Cheque Repayment Fee

HKD100.00 per cheque

Credit Balance Refund

HKD50.00 per transaction

Credit Reference Letter

HKD200.00 per copy
Other Loan Services (Personal Customer)
Item Charges / Details
Secured Loans Handling Charge 0.2% of loan amount (Subject to a minimum charge of HKD250 or equivalent)
Renewal Fee 0.2% of loan amount (Subject to a minimum charge of HKD250 or equivalent)
Unsecured Loans(Non- BOC Express Cash Instalment Loan & Revolving Credit) Handling Charge 0.5% of loan amount (Subject to a minimum of HK$1,000)
Renewal Fee 0.25% of loan amount (Subject to a minimum of HK$500)
Commitment / Arrangement Fee for Overdraft Limit 0.5% p.a. on undrawn overdraft limit (calculated on a daily basis)
Administration Fee for Late Payment HK$500 for each overdue repayment (plus legal cost, if any)
Provision of Duplicate Copy of Deeds / Documents HK$200 per title deed of property;
HK$50 per page for other documents

 

Remarks:

  1. "Accounts/Services Application Fee" is applicable to corporate customers (which generally refers to non-individual customers), who newly open an account or service with the Bank. "Tax-exempt Charities", "Social Service Organizations" and "Government and Related Organizations" are exempted for the fee. For details, please contact staff of the Bank.
  2. "Company incorporated in Mainland China" refers to corporate customers incorporated in accordance with the relevant laws of the People's Republic of China, regardless of whether such customer is registered as non-Hong Kong companies under Companies Ordinance of Hong Kong (Cap 622) Part 16.
  3. "Company incorporated overseas" refers to corporate customers incorporated in accordance with laws other than Hong Kong or the People's Republic of China, regardless of whether such customer is registered as non-Hong Kong companies under Companies Ordinance of Hong Kong (Cap 622) Part 16.
  4. For transaction conducted via the "JETCO" network, if the transaction currency is Renminbi, the transaction amount is converted at the exchange rates set by the "JETCO" member bank which is displayed on the ATM screen at the time of the transaction.
  5. For transaction conducted via the "CUP" network, if the transaction currency is Hong Kong dollars or Renminbi, the transaction amount is converted at the exchange rates set by BOCHK at the time of the transaction (exchange rate can be enquired via the website of BOCHK). If the transaction currency involves currency other than Hong Kong dollars or Renminbi, the transaction amount is converted directly at the daily exchange rates set by China UnionPay at the time of the transaction (Exchange rate can be enquired via the website of China UnionPay).
  6. For transaction conducted via the "VISA / PLUS" network through bank account, the transaction amount withdrawn is converted into Hong Kong dollars at the daily exchange rates set by VISA at the time of the transaction plus 1.95% conversion charge (Exchange rate can be enquired via the website of VISA).
  7. For transaction conducted via the "MasterCard / Cirrus" network through bank account, the transaction amount is first converted to US dollars, and then to Hong Kong dollars, at the daily exchange rates set by MasterCard at the time of the transaction plus 1% conversion charge (Exchange rate can be enquired via the website of MasterCard).
  8. In addition to relevant charges to the remittance item, if the Remitter pays the remittance amount by the Remitter’s BOC Credit Card, BOC Credit Card (International) Limited will in addition charge an administration fee for remittance by credit card and debit it to the BOC credit card account. For details please refer to the Fee Schedule of respective BOC Credit Card.
  9. "Correspondent Bank Charges" means collectively the charges imposed by the related correspondent banks, intermediary banks, clearing institutions &/or beneficiary bank in processing the remittance, plus extra handling charge of the Bank. If Correspondent Bank Charges are requested to be borne by remitter, the Bank is entitled to collect the charges in advance.  The collected amount is not refundable. But, if the actual claims exceeded the collected amount, the Bank is entitled to collect the shortfall. Please also note that this charge option requires more work and the related banks/institutions generally collect higher amount than if they are otherwise borne by beneficiary.
  10. (a) The handling charge of the Bank is not refundable regardless of whether the request is fulfilled. (b) Correspondent banks and/or the beneficiary bank may levy their handling charges in relation to the request; the Bank may collect these charges in advance or arrears.
  11. If Beneficiary Bank Charges are requested to be borne by remitter, the Bank is entitled to collect the charges plus extra handling charges of the Bank in advance. The chargeable amount is determined by the Bank with reference to the collection records of the related beneficiary bank without notice, and the collected amount is not refundable.  But, if the actual claims exceeded the collected amount, the Bank is entitled to collect the shortfall.  Please also note that this charge option requires more work and the Beneficiary Bank generally collect higher amount than if they are otherwise borne by beneficiary.
  12. Bank of China (Hong Kong) Limited reserves the rights to levy extra charge.
  13. Not applicable to customers of Home Ownership Scheme and Tenant Purchase Scheme.
  14. For the change of mortgage scheme involving “All-You-Want” Mortgage Scheme/ “Smart” Mortgage Scheme, please refer to the relevant service fee item.
  15. The above charges are subject to revision from time to time. 
  16. “Reducing Balance Method” :applicable to any loan application on or after 13 January 2020 for BOC Express Cash Instalment Loan / BOC Express Cash Instalment Loan Balance Transfer / BOC Express Cash Instalment Loan Top up / BOC Express Cash Instalment Loan Balance Transfer Top Up or any loan application on or after 7 June 2020 for BOC Express Cash Instalment loan online application with instant approval service.
  17. “Rule of 78”:applicable to the loan application on or before 12 January 2020 for BOC Express Cash Instalment Loan / BOC Express Cash Instalment Loan Balance Transfer / BOC Express Cash Instalment Loan Top up / BOC Express Cash Instalment Loan Balance Transfer Top Up or any loan application on or before 6 June 2020 for BOC Express Cash Instalment loan online application with instant approval service.
  18. Only applicable to customers who have applied for BOC Express Cash Revolving Credit on or after 1 June 2009.
  19. Any withdrawal or fund transfer of the credit balance or any part thereof from BOC Express Cash Revolving Credit account, except effected by way of a refund procedure prescribed by Bank of China (Hong Kong) Limited (the "Bank") from time to time, will be treated as a cash advance transaction.
  20. If the current balance exceeds the credit limit of the Revolving Credit, an Over-limit Handling Fee will be debited to the account.
  21. Annualised Percentage Rate (APR):

    Loan Amount

    APR

    HKD 5,000.00

    As low as 14.23%

    HKD 20,000.00

    As low as 10.74%

    HKD 100,000.00

    As low as 7.99%

    An APR is a reference rate which includes the basic interest rates and other fees and charges of a product expressed as an annualised rate. This APR is calculated based on a loan amount of HKD5,000.00/HKD20,000.00/HKD100,000.00 and a yearly interest rate of 12.5%/9.5%/7.0% respectively. The APR is calculated according to the guidelines issued by The Hong Kong Association of Banks and for reference use only. The actual APR will depend on the customer’s credit rating and loan amount.

  22. Annualised Overdue/Default Interest Rate is 46.78%. Additional yearly flat interest rate of 4% will be applied to outstanding loan balance on a compound basis, if you have failed to meet the requirement of Minimum Payment on two or more occasions in respect of the last 6 consecutive statements ("Triggering Event"). Default Interest Rate will be applied during the period from the day following the statement date of the statement first issued after the occurrence of the Triggering Event until the statement date of the statement first issued after the cessation of the Triggering Event. Interest will be calculated at the applicable privileged interest rate thereafter. Any special offers (such as preferential interest rates) applicable to the account will be suspended until such time as the Default Interest Rate ceases to apply. In any case, the relevant promotion period will not be extended.


Other Charges may apply, please contact our staff for details.
We reserve the right to amend the service charges.