U-BANK@CMBWLB Services Choice for Corporate Customers

CMB Wing Lung Bank cares about the business needs of corporate customers and has launched U-BANK@CMBWLB Services to provide a convenient and efficient channel for corporate customers to manage financial transactions easily and flexibly.

Demo

Service Highlight

U-BANK@CMBWLB Services allows related companies of an enterprise to join the same platform to operate accounts, which facilitate the enterprise to control the overall cash position in real time and operate accounts of other related companies. The enterprise can check the account, gather or sweep funds via U-BANK@CMBWLB Services to achieve overall cash management.

Diversified Functions

Account Management

• Account Overview – Account details and transaction history at a glance.
• Cheque Management – Check cheque status, cancel cheque payment and request for cheque book.
• Statement – View e-Statement of accounts and request reprint of statement.

Fund Transfer / Bill Payment

• Fund Transfer – Apart from fund transfer to same-name, 3rd party and other local bank’s accounts, forward dated instruction and template creation are supported.
• Fast Payment System (FPS) Services – By entering beneficiary’s mobile phone number, email address or FPS ID, local receipt and payment of funds can be done 24/7.
• Bill Payment – Pay bills to over 200 merchants and create the Bill Payment template.
• Telegraphic Transfer – Make telegraphic transfer to registered beneficiary account safely and efficiently.
• Demand Draft / Cashier Order – Purchase Demand Draft / Cashier Order online and collect it at branch by authorized person.

Investment

• Fixed Deposits – Create fixed deposits and amend maturity instruction.
• Wealth Management – View portfolio and transaction history of wealth management account.

Trade Finance Services

• Check the bill credit status and bills’ information online.
• Online Apply/Enquiry and Amend the Trade Finance Services’ applications.

Payroll / MPF

• Upload payroll and MPF data files online.
• Self-employed person and temporary staff can submit MPF contribution directly.

Physical Cash Pool

• Different allocation rules, such as auto upward and downward sweepcan be established among the Head Account and Sub-Account. The system will execute the sweeping automatically according to the pre-set rules.

CMB Wing Lung Global Cash Management Services

• Suitable for corporate customers with affiliates in mainland China and Hong Kong.
• Upon successfully application of U-BANK@CMBWLB Services, Mainland corporate customers can operate the account of related companies opened with CMB Wing Lung Bank by login to U-BANK of China Merchants Bank.

Global Custody

Corporate and institutional clients (hereinafter referred to as "clients”) of Global Custody Services can conduct the enquiry module and instruction module via U-BANK@CMBWLB Services , it allows clients to check the cash balance, securities holding, cash/securities transaction history, download reports, place online instructions, and etc. It assists clients to monitor the custody account and facilitates the real time data exchange between clients and custodians. Global Custody Services helps transfer the custody business from the traditional model to electronic and automatic model.

• Enquiry: Clients can check real-time holdings and transactions; download securities reports and fund valuation reports; relevant features included are Custody Account Holdings, Security Account Transactions History, Cash Account Transactions History, Custody Account Report, and Fund Administration Report.
• Instruction: Clients can place online instructions and check the real-time instruction status; relevant features included are Security Settlement Instruction, Payment, and Instruction Status Enquiry.

Corporate and institutional clients of Global Custody Services who have been using U-BANK@CMBWLB Services can also download CMBWLB Custody Mobile App for enjoying the services anytime and anywhere. To download CMBWLB Custody Mobile App, please click here.

Service Setting

• Reset Password – Users can reset password by themselves.
• Net Audit Trail – Users can check instructions submitted, transaction status and other details online anytime.
• Personal Information Maintenance – Update personal and contact information online while configuring alert message control.
• Template Management – Create, update or remove transaction template.
• Usable Service/Account – Check or update accessible service, account and transaction limit (if any).
• Beneficiary management – Add, amend or delete beneficiary for local transfer, telegraphic transfer and demand draft.

Enhanced Internet Security

Online security is the prime concern of the Bank. U-BANK@CMBWLB Services has implemented the following security measures:

• TLS Certificate – With the adoption of the latest Internet security measure "TLS Certificate", users can identify in real time the authentic CMB Wing Lung Bank website.
• Identity Verification – Apart from separate logon ID and password set by each user, both Administrator and Authorizer are required to use the Security Token as two-factor authentication for logon and specified transactions.
• User Management – Customer can authorize access right to appropriate users with control on accessible service, account and transaction limit for each user.

Flexible Management

4 User Types with Specific Authority

• Provides four user setting: administrator, authorizer, checker, and operator with clearly defined roles and responsibilities to meet the unique needs of different enterprises.

* The services or offers are subject to relevant terms and conditions.

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