Bank Account Fund Transfer Fee
Bank Account Fund Transfer Fee
Octopus Cards Limited will charge merchants a service fee as shown below for fund transfer from their Business Accounts to their registered bank accounts through the Octopus App for Business:
| Type of Business Industry | Bank Account Fund Transfer Fee (Effective from 30 September 2018) |
|---|---|
| Non-transport | 1.5% of the amount or HK$1 if 1.5% of the amount is less than HK$1, as the case may be*. |
| Transport# (e.g. Taxis) | 1% of the amount or HK$1 if 1% of the amount is less than HK$1, as the case may be*. |
*Please note that the service fee will be updated from time to time.
#Merchant should provide valid transport service operator licence (e.g. Taxis Driver Licence or Passenger Service Licence) during the application as supporting document.
Annual Transaction Limit
This refers to the aggregate amount of value credited to the Business Account during each 12-month period, but excluding refund.
| Type of Business Account | Annual Transaction Limit (HKD) |
|---|---|
| Octopus Business Account | $2,000,000 |
| Octopus Business Account Plus | Unlimited |
