Client may use the following ways to deposit fund:
1. Deposit cash or cheque or draft or transfer fund into the following bank accounts
|Bank||Currency||Bank Account Number|
|The Hong Kong and Shanghai Banking Corporation Limited||
|Hang Seng Bank Limited||HKD||787-389071-001|
Recipient: Cheque or draft should be made payable to "Magusta Securities Limited".
Confirm Payment: Client must e-mail (email@example.com), fax (852-25879878), mail or in person, provide the bank-in slip to Magusta; if the deposit is done through internet banking service, client must e-mail the transfer confirmation screen to Magusta.
Note: Client must state to the bank teller your Magusta account no. as Reference Code, all the deposits on or after 3pm will be updated in Magusta account in next trade day.
2. Deposit cheque or bank draft at Magusta
Clients who make cash or non-cheque deposits directly into the abovementioned Magusta bank accounts may be subject to large cash deposit charge or non-cheque deposit process charge. Magusta will deduct the same amounts from the clients' Magusta accounts to pay for the bank charges. To avoid such charges on your deposits, clients should use cheques or transfers. For cash deposit, clients should pay attention to the banks' definitions of large cash deposit.
Clients can withdraw fund through Magusta Web or Magusta Web Mobile. Withdrawal made before 12pm on any business day will receive the amount deposited by crossed cheque to the registered bank account in the afternoon on the same business day. Withdrawal made after 12pm on any business day or non-business day will receive the amount deposited by crossed cheque to the registered bank account in the afternoon on the next business day.
2. Collect Cheque in person
Clients can contact your Account Executives or Client Services Department on or before 12pm on every trading day to collect the cheque in person at our office in next trade day.