Collection services
In order to provide customers with a more flexible management of collection business, Bank of Communications provides sub-account services and electronic billing and payment services for customers to choose from. Our collection services not only help corporates to enhance efficiency but also save administrative cost.
Sub-account service
Bank of Communications's sub-account business provides clear and convenient collection management for corporate clients with a large number of payment needs. With all the funds collected, corporates can also easily identify the paying customers and the purpose of payments.
Features
- Diverse collection channels are provided to meet different business needs
- Corporate may open unique sub-accounts for each of its clients. With the unique sub-account number, corporate can easily and accurately control day-to-day incoming funds
- Customers can manage and add sub-accounts through Corporate Internet Banking
- Customers can access sub-account transactions promptly and efficiently via corporate internet banking
- We also provide master account monthly statement listing all sub-accounts transactions to facilitate customer reconciliation
Electronic bills and payment services
Bank of Communications provides electronic bills and payment services for merchants and customers. Merchants can issue electronic bills through electronic bills and payment services to collect payment from customers. Customers can receive, check and pay electronic bills via electronic bills and payment services.
Features
- Support Hong Kong dollar, US dollar and RMB payment
- All payment submitted by customers before cut-off time may be cleared on the same day
- Electronic bills and payment services provide a one-stop platform for merchants to submit bills and receive payment