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Xpress Collect Cheque Service

With Xpress Collect Cheque Service, you can have your cheques collected from your designated locations for same day processing without paying frequent visits to branches.

Features and benefits

  • Flexible pick-up frequency to suit your transaction pattern, volume and payment cycle
  • Cheques will be deposited to customer's pre-designated account on the same day; funds will be credited to the account on the next working day after clearing
  • Latest pick-up time at 3 pm for same day processing
  • Ad-hoc pick-up arrangement for same-day / next-day pick-up
  • Accepts HKD and local USD cheques and cashier's orders
  • Supports single or bulk credit for cheque entries
  • Extended geographical coverage across Hong Kong

Additional information

  • Convenience: Convenient service at your finger tip without paying frequent visits to branches
  • Improve Cash-flow: Cheques collected before 3 pm will be processed on the same day, and funds will be credited to your designated account on the next working day after clearing
  • Cheque Status Intelligence: With our Direct Advice service as an added feature, you can access electronic advices of cheque deposit transaction details through a pre-registered email address or fax number
  • Ease of Reconciliation: HSBCnet or Business Internet Banking customers can also assess or download the transaction activities for easy reconciliation

How it works

With HSBC's Xpress Collect Cheque Service, you can have your cheques collected from your designated locations by a professional courier service provider for same day processing. The funds will be credited to your designated account on the next working day after clearing. The clearing process is the same as cheques deposited over the counter.

Service plans include:

  • Flexible Ad-hoc Service offers a flexible pick-up schedule at your choice with at least 1 day prior notice. You also have the flexibility to request a fixed pick-up schedule at registration to suit your operation needs.
  • Monthly Plan offers a regular daily pick-up service on working weekdays.
  • Same-day Ad-hoc Service is also available upon request.

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