Electronic Direct Debit Authorization (“eDDA”) is a Digital Transfer Service in Hong Kong that allows clients to authorize the direct debiting of funds from their banks in Hong Kong to their IBKR accounts in an efficient and convenient way. The drawn funds must be denominated in HKD or CNY.
eDDA enables the electronic transfer of authorization information between the IBKR account holder and bank account holder. Once the initial eDDA setup request has been confirmed by your bank, you can top up your IBKR account at any time by simply entering the transfer amount on your Deposit Notification.
Notes
- The eDDA payment is initiated by the payer (the client's bank), which sends funds directly into the client's IBKR trading account.
- Settlement usually occurs instantly.
Additional Information