How to setup an eDDA deposit authorization?

Q: How to setup an eDDA deposit authorization?

SETUP eDDA Use the button above to initiate an eDDA setup request from your IBKR account. Alternatively, follow these steps: Log in to Client Portal From the Transfer & Pay menu, select Transfer Funds and then Deposit Funds Select HKD or CNH as the Currency of the deposit from the drop down menu Locate the eDDA transfer method with title: " Instant Local Transfer via eDDA " Select your bank from the list of supporting Hong Kong banks and input your bank account number Most banks will process your eDDA setup request within minutes or by the end of the business day. However, some banks (i.e., Citibank) may require you to approve the setup request via your mobile banking application. Notes eDDA can only be setup using Hong Kong bank accounts held in the same name as your IBKR account. eDDA setups are currency specific. If you wish to make a transfer from a multi-currency bank account to your IBKR account in both HKD & CNH, you will need to setup up two separate eDDA instructions. Additional Information Why was my eDDA setup request rejected by my bank? Are there any charges for setting up an eDDA?

Question

Accepted Answer

SETUP eDDA

Use the button above to initiate an eDDA setup request from your IBKR account. Alternatively, follow these steps:

Log in to Client Portal
From the Transfer & Pay menu, select Transfer Funds and then Deposit Funds
Select HKD or CNH as the Currency of the deposit from the drop down menu
Locate the eDDA transfer method with title: "Instant Local Transfer via eDDA"
Select your bank from the list of supporting Hong Kong banks and input your bank account number

Most banks will process your eDDA setup request within minutes or by the end of the business day. However, some banks (i.e., Citibank) may require you to approve the setup request via your mobile banking application.

Notes

eDDA can only be setup using Hong Kong bank accounts held in the same name as your IBKR account.
eDDA setups are currency specific. If you wish to make a transfer from a multi-currency bank account to your IBKR account in both HKD & CNH, you will need to setup up two separate eDDA instructions.

Additional Information