Frequently Asked Questions

You can apply for livi Business if:

•    Your company is registered in Hong Kong 
•    All account users hold a HKID or a mainland resident identity card and a liviSave account
•    Your business is a single-layered sole proprietorship, partnership, or limited company
•    You’re the ultimate beneficiary owner, director, or ultimate controller of the company

Ultimate Beneficial Owner (UBO): 
•    In sole proprietorships, the company owner is the Ultimate Beneficial Owner (UBO). 
•    In partnerships, both company partners are the UBOs. 
•    In a limited company, the UBO owns or controls, directly or indirectly, not less than 25% of the issued share capital or the capital or the profits of the company; or is directly or indirectly entitled to exercise or control the exercise of not less than 25% of the voting rights of the company; or exercises ultimate control over the management of the company.

Director: 
•    Senior member of the company with influence over the day-today management and running of the business who has been duly appointed and is listed in the company’s register of directors as a current director.

Ultimate Controller: 
•    Exercises ultimate control over the management of the company.

The application can be done in as quick as 20 minutes. All you need is:

Business account opening is easy and document-free! 

This is necessary for us to verify your identity and accept your instructions against the company. It is mandatory for you to keep liviSave account active. 
To learn more about how livi will use your personal information, please refer to the Personal Information Collection Statement on our website or in app.

This could happen for a few reasons, the most common being:

•    Your company is registered outside of Hong Kong
•    Your company structure involves any entities registered outside of Hong Kong
•    You are not the ultimate beneficiary owner, director, or ultimate controller of the company
•    We are unable to verify the nominated account users or they have rejected your application
•    We were unable to approve your application based on the company information you provided. Please contact liviCare at (852) 2929-2998 for assistance

For livi Business application, endorsement by account users as specified in the application is required.
We will conduct application review immediately upon your payment of application fee. 
In most cases, the review result will be ready no more than 1 working day. We will notify you once the review result is ready for account activation, or if we need additional information from you through both email and SMS/push notification as per your choice.

We take your data privacy seriously. We collect and use your personal data and the personal data of other individuals connected with you from time to time for providing accounts, services, products and activities and other purposes set out in our Personal Information Collection Statement (PICS). If you do not supply the personal data required by us, we may be unable to provide or continue to provide accounts, services, products or activities to you.

You can refer to the PICS on the livi website or livi app for more details of how we use the personal data and your right to access and/or correct your personal data.

We understand that you may wish to set different approval authority to your company members when operating livi Business account. We strongly encourage you to do so for your own protection. 

You can find detailed explanation in Appendix E of Conditions For Services. 
 

Subject to your business operation protocol, you may choose freely to assign 1 or 2 Account Controller(s) to give instruction and agreement with us.
Simply said, instruction given by 2 Account Controllers are a more prudent handling of your account. 
 

Your account details are all available on livi App, there are 4 main sections:

Account Controller can add a new company member and/or new user (i.e. Approver, Basic User or Viewer) directly on livi App. Please follow steps below:

New Account Controller can only be promoted from company member list who is currently an Approver, Basic User or Viewer.
This instruction can only be initiated by a current Account Controller who needs to submit the request on livi App and serve a new Mandate. Please follow steps below:

1.    Tap "Signatory Settings" on the Settings screen
2.    Select “Edit Signatory Settings” and follow the instructions

For sure!
To change Approver, Basic User and Viewer is simple, it can be done easily by Account Controller directly on livi App, please follow steps below:

1.    Tap "Company Member" on the Settings screen
2.    Select the member and tap “edit” at “Assigned Role” section
3.    Select your desired account role and follow the instructions

However, if you wish to change Account Controller as stated in your current Mandate, you may serve a new Mandate to us to process this change, please follow steps below:

1.    Tap "Signatory Settings" on the Settings screen
2.    Select “Edit Signatory Settings” and follow the instructions

To remove Approver, Basic User and/or Viewer is simple, it can be done easily by Account Controller directly on livi App, please follow steps below:

1.    Tap "Company Member" on the Settings screen
2.    Select the member and tap “remove member” button at the bottom of the page

Definitely!
If you wish to change signing arrangement as stated in your current Mandate, Account Controller may submit the request on livi App and serve a new Mandate to us to process this change, please follow steps below:

1.    Tap "Signatory Settings" on the Settings screen
2.    Select “Edit Signatory Settings” and follow the instructions

We understand your company member may change from time to time. When it happens, please inform us immediately of the changes via livi App, please note that we only accept changes instruction from Account Controller. Please follow steps below:

1.    Tap "Company Member" on the Settings screen
2.    Select the member and tap “edit” at “Role of Company Member” section
3.    Select appropriate role and follow the instructions

Upon receiving your instruction, we will conduct review internally before executing your instruction. Please note that a company search might be required.

The daily interest is calculated based on your end-of-day balance and current interest rate. The annual interest amount is calculated based on the following (including both common and leap years):

•    HKD – 365 days

•    CNY – 360 days

•    USD – 360 days

You can check the interest earned every month on livi app.

We currently offer HKD, CNY and USD savings.

You can select below maturity instruction option:
Option 1: Credit to Savings: Both principal and interest will be credited to your Savings Account upon maturity /
Option 2: Renew Principal and Interest: Both principal and interest will continue to renew with same tenor and at the respective interest rate on the date of maturity /
Option 3: Renew principal, credit interest to Savings: The principal will continue to rollover with same tenor and at the respective interest rate on the date of maturity, and interest will be credited to Savings Account

•    Instant HKD and CNY transfers via FPS

•    Local USD transfers via the Real Time Gross Settlement (RTGS) system

Please note, we do not accept cross-border fund transfers via RTGS system.

As the instruction maker, you can always do so before it gets approved and processed! Please follow steps below:

1.    Tap “WorkStation” on the Overview screen
2.    Select the instruction you wish to cancel
3.    Tap “Cancel Instruction” button at the bottom of the page

Yes, there is a daily maximum transfer limit.
Your maximum Daily Transfer Limit is in HKD500,000 equivalent if you pass a satisfactory check by us, shared by all currencies (if any). If Account Controller would like to view and set the limit, please follow the steps below:

1.    Tap "Settings" on the Overview screen
2.    Select "Bank Services"
3.    Select "Daily Transfer Limit" and follow the instructions

Approval class allows Account Controller to delegate approval authority to Approver(s) in accordance with an assigned limit.
Account Controller can set up to 5 approval classes with the following steps:

1.    Tap "Settings" on the Overview screen
2.    Select "Bank Services"
3.    Select "Approval Class" and follow the instructions

To well protect your account and business interest, as an Account Controller, you can set the approval limit for each Approver. 
If Account Controller would like to set the daily approval limit, please follow steps below:

We charge transaction fee based on channels, currencies and transaction amount. Details can be referred to the Fees & Charges (for livi Business). Please note the receiving institution may also impose charges on transfers, you may contact the receiving institution for details.

For FPS (i.e. HKD, CNY) transfers, the instruction will be processed and received by the recipient immediately in general, whereas RTGS (i.e. USD) transfers may subject to the business hours of the RTGS system. Actual receiving time would also depend on the arrangement of the receiving institution.

We currently offer HKD, CNY and USD transfers.

You can create transfer instructions anytime, yet the execution time may subject to the signing arrangement of your account and business hours of the system.

Account Controller can follow simple steps below:

1.    Tap "Transfer" on the Overview screen
2.    Select "Transfer Settings” from the top right hand corner option menu
3.    Then tap "Register for FPS"
4.    Follow the instructions to register for FPS using your mobile number, email address or FPS ID

The approval from the other Account Controller might be required subject to your signatory setting. 

Easy breezy: 
Account Controller can

1.    Tap "Transfer" on the Overview screen
2.    Select "Transfer Settings” from the top right hand corner option menu
3.    Select "Transfer" then "Register for FPS"
4.    Tap "Remove" beside mobile number, email address or FPS ID
5.    Follow the instruction to confirm the deregistration instruction.

The approval of another Account Controller might be required subject to your signatory setting.

You can apply for livi Business Instalment Loan if:

•    Hong Kong registered company
•    Your company operates for at least 1 year

No tangible collateral is required while personal guarantee is needed.

The monthly flat rate is used to calculate the total interest amount for your loan as follows:

Total interest amount = Loan amount x Monthly flat rate x Repayment period.

The Annual Percentage Rate (APR) is a reference rate which includes all applicable interest rates, fees, and charges pertaining to a loan product, expressed as an annualised rate. It is calculated using a method specified in relevant guidelines set out by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. This rate will vary based on different factors such as loan amount and repayment period, you can view relevant information on the Flexi Loan "Personal Loan" Calculator, Accept Offer, and Instalment Details page.

Interest rate varies based on applicants’ financial status, credit rating, and facility amount.

We will set the monthly repayment date according to your first withdrawal date. If the month does not have the same date, the repayment date is the last day of the month. If the repayment date falls on a Saturday, Sunday or public holiday, we will also automatically debit your livi Business account on that day.

No, we will automatically debit your livi Business account on the repayment date.

Opening is easy and can be done in as quick as 5 minutes. You can apply for liviSave if you are: 

- At least 18 or above with a Smart Hong Kong Adult Identity Card
- A Hong Kong resident with a valid Hong Kong address
- Currently in Hong Kong and have a Hong Kong mobile number
- A smartphone with front and back cameras running iOS 10.3 / Android 7.0 or higher

Once you have these, simply download livi app from the app store and register.

This could happen for a few reasons, the most common being:

- You are under 18 years old
- You already have liviSave
- We were unable to approve your application based on the personal information you provided. Please contact liviCare at (852) 2929 2998 for assistance. 

It's completely free!

In most cases, your account will be ready instantly. If not, we will do our best to get back to you within two business days. We will notify you via SMS, email or phone call once your account is ready, or if we need additional information from you.

This is so we have alternative ways of contacting you to provide information about your account. To learn more about how livi will use your personal information, please refer to the Personal Information Collection Statement on our website or in app.

You can check the latest application status via livi app.

livi PayLater is a credit product which provides revolving loan facility ,  through which you could draw an instalment through spending with livi PayLater Mastercard, or drawdown a cash loan within your same Paylater facility limit to your liviSave and repay by instalments from 3 to 60 months.

You need to have a liviSave account before you apply livi Paylater.

The Annual Percentage Rate (APR) is a reference rate which includes all applicable interest rates, fees, and charges pertaining to a loan product, expressed as an annualised rate. It is calculated using a method specified in relevant guidelines set out by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. This rate will vary based on different factors such as loan amount and repayment period, you can view relevant information on the livi PayLater  Accept Offer, and Instalment Details page.

Each spending instalment must meet the following requirements:
- 100 HKD or above (Anything below this amount will be settled by liviSave)
- Sufficient facility limit remaining
- An acceptable type of spending as determined by livi

You can set the minimum threshold and default tenor via livi APP. Just tap the livi PayLater tab and follow the instructions.

The transaction will be made via liviSave if the amount is below the threshold. If there’s insufficient balance, the transaction will be declined.

Yes, all foreign currency transactions will be settled in HKD according to the relevant terms.

You can only change the repayment period of your spending instalment once for each purchase before the issuance of the first statement. 
*You cannot change the repayment period of instant cash instalment after loan drawdown.

Please contact liviCare immediately at (852) 2929 2998 if you notice any suspicious or unauthorised spending transaction(s). livi PayLater is a credit facility which does not have a chargeback mechanism by itself. However, as it is bounded to a Specific Debit Card, the chargeback mechanism provided by relevant acquiring bank and merchant is available to the spending through such Specific Debit Card, whether or not your livi PayLater facility is drawn to fund such spending. To raise a chargeback request, please download from livi website : Transaction Dispute Form and Chargeback (livibank.com) to complete and return the form along with supporting documents to us by post as stated in the form. (You may refer to livi Debit Mastercard FAQ for more details.)

The monthly flat rate is used to calculate the total interest amount for your instant cash loan as follows:

Total interest amount = Loan amount x Monthly flat rate x Repayment period.
 

You may change your correspondence address on the livi app:

1. Tap "Profile Settings" on the top right-hand corner of your home Overview screen
2. Select "Personal Information" then enter your PIN code
3. Select "Address" and tap "Edit" under "Correspondence Address"
4. Type in your new address and tap "Continue"

To change your mobile number, you must have activated the Soft Token on the mobile phone that you have linked to your livi account:

1. Tap "Profile Settings" on the top right-hand corner of your home Overview screen
2. Tap "Personal Information" and then "Mobile Number" 
3. Tap "Change Mobile Number" and authenticate with your PIN Code
4. Enter your new mobile number and tap "Continue"
5. Enter the verification code we sent to your new mobile number

You can view your monthly e-statements on the livi app:

1. Tap "Transactions" on the Overview Screen
2. Tap "Statement"
3. Select the period to view statement 

If you wish to download the e-Statement, tap "Download" to save it onto your device.

Your e-statements are normally sent on the first calendar day of each month. You will also receive a notification when it’s ready.

To help reduce paper usage, we only provide e-statements. If you need paper statements, please contact liviCare at (852) 2929 2998.

In order to protect your account, livi uses a Soft Token to verify your identity when you make high-risk transactions. To use the Soft Token, you need to set up a 6-digit PIN Code. It is different from your login password and is designed to add an additional layer of security. It must set up before making a high-risk transaction.

1. Go to "Profile Settings" from the "Overview" screen
2. Tap "App Settings" then "Soft Token"
3. Tap "Change PIN Code" and follow the instructions

Your login password must:

- Be 8 to 16 characters in length
- Contain at least 3 of the following: numbers, uppercase letters, lowercase letters, and symbols (!@#$%^&)
- Not contain any three identical consecutive characters (e.g. 333, bbb)

There are two simple ways to do that:

Option 1

Tap "Forgot Password?" at "Login" page.

Option 2

1. Tap "Profile Settings" on "Overview" screen 
2. Tap "App Settings" then "Login Password"
3. Tap "Change Login Password" and follow the instructions

To ensure the safety of your account, you will be asked for the PIN Code when performing high-risk transactions. 

To set up Soft Token: 

1. Tap "Profile Settings" on the "Overview" screen
2. Tap "App Settings" then select "Soft Token"
3. Turn on "PIN Code" and follow the instructions

To enable biometric authentication for Login Password:

1. Tap "Profile Settings" on the "Overview" screen
2. Tap "App Settings" then select "Login Password"
3. Tap "Biometric Authentication" and follow the instructions

To enable biometric authentication for Soft Token:

1. Tap "Profile Settings" on the "Overview" screen
2. Tap "App Settings" then select "Soft Token"
3. Tap "Biometric Authentication" and follow the instructions

If you wish to terminate your liviSave, please go to "Bank Services" under "Profile Settings" in livi app and tap "Service Termination" then follow the instructions.

To improve our services, we regularly provide updates and maintenance to our banking system. Our regular system maintenance is scheduled at 04:00 to 08:00 HKT every Saturday. During this period, some services on our app will be temporarily unavailable.

You can apply for account if you are:

- At least 18 years old
- Holding a valid Mainland Resident Identity Card (which is valid for at least 6 months upon account opening)
- Holding a valid Exit-entry Permit to Hong Kong and Macau (the permit is valid for at least 6 months upon account opening)
- Holding a Mainland mobile phone number (which is able to receive SMS and phone calls in Hong Kong) and Mainland address
- Residing in Hong Kong upon account opening
- Holdings a valid Exit-Entry Record from the National Immigrational Administration (NIA) (if so required)
- Using a smartphone with front and back cameras running iOS 12 / Android 7.0 or higher

You can enjoy following banking services:

•    Multi-currency deposits ( HKD / CNY / USD )
•    Foreign Exchange 
•    Inward remittance (CNY / HKD) 
•    Local fund transfer
•    FPS bill payment
•    QR Payment
•    livi Debit Mastercard (Apple Pay & Google Pay supported)
•    ATM QR cash withdrawal
•    View e-statements & transaction history

Yes, you must be physically located in Hong Kong upon account opening.

Please ensure your Mainland mobile number has enabled roaming service in Hong Kong area and your mobile phone has turned on roaming function. Please contact your network provider for detail.

iOS users:

Download livi app from Apple App Store

Android users:

Download livi app from Google Play

You may download the livi app Android Package (APK) file on the website if Google Play is not on your mobile device. Then install the app by following:

1. Open the APK file and install

2. If 'install unknown apps / unknown source' is prompted, select “allow”

3. Follow instructions to complete installation

4. Go to 'Settings' and disable 'install unknown apps / unknown source'

Please contact your network provider for detail of charging.

This could happen for a few reasons, the most common being:

- You are under 18 years old
- You are not located in Hong Kong upon account opening
- You provided an invalid  Exit-Entry Record from the National Immigrational Administration (NIA)
- You already have liviSave
- We were unable to approve your application based on the personal information you provided. Please contact liviCare at (852) 2929 2998 or 4001200099 for assistance.
 

We take your data privacy seriously. We collect and use your personal data and the personal data of other individuals connected with you from time to time for providing accounts, services, products and activities and other purposes set out in our Personal Information Collection Statement (PICS). If you do not supply the personal data required by us, we may be unable to provide or continue to provide accounts, services, products or activities to you.

You can refer to the PICS on the livi website or livi app for more details of how we use the personal data and your right to access and/or correct your personal data.
 

livi support inward remittance of HKD and CNY from the Mainland of China. 

Reminder: Outward Remittance restrictions are subject to the remitting bank.

Bank Name: Livi Bank Limited
Bank Account Number: 388-756-X-XXXX XXXX (Sample Account Number). Please provide the 15-digit account number.
Main Address: 28/F, Oxford House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong
SWIFT code: LIVIHKHHXXX

livi retains BOCHK (SWIFT code: BKCHHKHH) as intermediary banks for HKD and CNY remittance from the Mainland of China. 
 

livi will reject any cross-border inward remittance other than HKD and CNY from the Mainland of China.

livi will not charge for cross-border inward remittance services. 

Reminder: Please note that the correspondent banks, intermediary institutions, and the clearing institutions may charge fees, and those fees may be deducted from the remittance amount.

The minimum deposit amount of time deposit is 500 HKD / 500 CNY / 100 USD.  

The maximum deposit amount of time deposit is 10,000,000 HKD / 10,000,000 CNY / 1,000,000 USD per customer.  

The tenor of time deposit changes with the prevailing market conditions. You can always check the tenor of time deposit in the livi app.

The interest rate of time deposit changes with the prevailing market conditions. You can always check the interest rate of time deposit in the livi app.
 

You can place time deposit at any time of the day on livi app.

You can select below maturity instruction option:

Option 1: Credit to Savings: Both principal and interest will be credited to your Savings Account upon maturity /
Option 2: Renew Principal and Interest: Both principal and interest will continue to renew with same tenor and at the respective interest rate on the date of maturity /
Option 3: Renew principal, credit interest to Savings: The principal will continue to rollover with same tenor and at the respective interest rate on the date of maturity, and interest will be credited to Savings Account

You can amend the maturity instruction before the maturity date of time deposit on livi app.

You can only early withdraw entire principal of time deposit.

No interest will be payable and a fee will be charged according to the below formula upon early withdrawal:

HKD: 
Time Deposit Principal x (5%- Time Deposit Interest Rate) x No. of Days due to Maturity/365 or HKD200, whichever is higher

CNY:  

Time Deposit Principal x (5%- Time Deposit Interest Rate) x No. of Days due to Maturity/360 or CNY200, whichever is higher 

USD:  

Time Deposit Principal x (5%- Time Deposit Interest Rate) x No. of Days due to Maturity/360 or USD30, whichever is higher 

You can't adjust time deposit principal amount once the time deposit has been confirmed.

The daily interest is calculated based on your end-of-day balance and current interest rate. The annual interest amount is calculated on the following year basis:
•    HKD – 365 days (for both ordinary and leap year) 
•    USD or CNY -360 days 
You can check the interest earned for the previous day and year-to-date on livi app.

Interest is calculated on a monthly basis and credited to your liviSave on the first calendar day of next month.

Deposit Protection Scheme (DPS) protects depositors by paying compensation to them in the event of a bank failure. In Hong Kong, the DPS is established under the Deposit Protection Scheme Ordinance. In case a member bank of DPS (a Scheme member) fails, the Hong Kong Deposit Protection Board will pay compensation up to a maximum of 500,000 HKD to each depositor for their eligible deposit of the failed Scheme member.

Deposits of up to 500,000 HKD are protected, including both principal and interest.

We currently support exchange of HKD, USD and CNH, including cross-exchange between foreign currencies.

It could be due to issues regarding your account status and network connection. If you keep running into this issue, please contact liviCare at (852) 2929 2998 for assistance.

We support the following types of transfers:

- Instant HKD and CNY transfers via FPS
- Real Time Gross Settlement (RTGS) for local banks:
•    Transfer money from other local banks: HKD, USD and CNY
•    Transfer money to other local banks: USD
- Small-value Transfers
- Scheduled transfers
- Quick Save transfers from your other bank account
- Cross-border Inward remittance
•    Support inward remittance of HKD and CNY from the Mainland of China
- Cross-border Outward remittance
•    Support outward remittance of HKD and CNY to the Mainland of China
 

Tap "Transfer" on Overview to begin. We support transfers via recipient's mobile number, email address, account number, FPS ID and credit card number.

•    Via FPS: transfers will be processed and received by the recipient immediately. Actual receiving time would depend on the arrangement of the receiving bank.

•    Via Real Time Gross Settlement (RTGS): Under normal circumstances, the transfers will be processed on the same business day (i.e. Mondays to Fridays; excluding Saturdays, Sundays and public holidays) if the transfer instruction is submitted before the cut-off time as the Bank may from time to time designate. In case the transfer instruction is submitted after the cut-off time or during Saturday, Sunday and Public Holiday, it will be processed on the following business day. Actual receiving time would depend on the arrangement of the receiving bank.

•    Scheduled transfers are processed between 9am-12pm. Transfers scheduled for the same day may not be cancelled after this time.

Yes,  the amount you can transfer locally and cross-border outward remittance together are subject to the Daily Transfer Limit. The maximum Daily Transfer Limit is 500,000 HKD equivalent. This limit is shared by all currencies. If you would like to set your own limit, please follow steps below: 

1.    Tap "Profile Settings" on the Overview screen 
2.     Select "Bank Services" 
3.    Select "Transfer Limit" and follow the instructions 
Please note, the upper limit of the daily aggregate amount remitted to the Mainland of China per person is CNY 80,000. 

Only HKD, USD and CNY are available at the moment.

•    Via FPS: FPS transfers within Hong Kong can be made at any time, even on weekends and public holidays. 

•    Via Real Time Gross Settlement (RTGS): From Mondays to Fridays (Excluding public holidays), instructions submitted between 08:30 and 15:00 will be processed on same business day; and in case the transfer instruction is submitted after the cut-off time or during Saturday, Sunday and Public Holiday, it will be processed on the following business day.

1. Tap "Profile Settings" on the Overview screen
2. Select "Bank Services"
3. Select "Transfer" then tap "Register for FPS"
4. Follow the instructions to register for FPS using your mobile number, email address or HKID 

Please note that registering with HKID only enables you to receive funds from the eligible organisations (such as qualified institutions or the HKSAR Government).

All transfers are free of charge. But receiving banks may impose fees based on different circumstances. Please contact the receiving bank for details.

Small-value Transfer enables transferring smaller amounts without two-factor authentication. So as long as your transfers don’t reach your imposed limit (daily maximum of 10,000 HKD equivalent, the "Small-value Transfers" service currently supports transfers in HKD and CNY only and the limit is shared by transactions in HKD and CNY), you will not be asked for authentication.

Quick Save is a service for making fast transfers to your liviSave by linking it to another bank account of yours.

1. Tap "Profile Settings" on the Overview screen
2. Select "Bank Services"
3. Select "Transfer"
4. Select "Quick Save" and follow the instructions

To avoid overdraft fees by the sending bank, please ensure sufficient funds in your other bank account.

Our branch code is 756. The branch code is a unique code assigned by Hong Kong Interbank Clearing Limited (HKICL). Every institution must have at least one branch code in their clearing system, even if there is no physical branch.

1. Tap "Profile Settings" on Overview page
2. Select "Bank Services"
3. Select "Transfer" then "Register for FPS"
4. Tap "Change" beside mobile number or email address or "Remove" under HKID
5. Tap "Remove this account from FPS" at the bottom then follow the instructions

1. Tap "Profile Settings" on Overview page
2. Select "Bank Services"
3. Select "Transfer" then "Scheduled Transfer"
4. Choose the transfer you wish to cancel then tap "Change"
5. Tap "Cancel this transfer" at the bottom then follow the instructions

1. Tap "Profile Settings" on Overview page
2. Select "Bank Services"
3. Select "Transfer" then "Linked Bank Accounts"
4. Choose the corresponding bank account to unlink

1. Tap "Profile Settings" on Overview page
2. Select "Bank Services"
3. Select "Transfer" then "Quick Save"
4. Choose the instruction you wish to remove then tap "Change"
5. Tap "Cancel Quick Save" at the bottom then follow the instructions

The cross-border outward remittance service hours are between 09:00 to 15:30 on a business day (Hong Kong time). The cut-off time is 15:30 on a business day. Please submit your instructions in that service hours. Please note that you cannot submit outward remittance instructions outside service hours. 

The Bank reserves the right to vary the cut-off time at any time without prior notice. In case of any disputes, the decision of the Bank shall be final. 

Please contact livicare@livibank.com or  (+852) 2929 2998 if you have any questions of your remittance.  

Cross-border remittances to or from the Mainland of China is subject to the rules and requirements of the jurisdiction of the originating end and the receiving end.  

Personal Customer Remittance to the Mainland of China: 

- Renminbi remittance to the Mainland of China is only available to Hong Kong residents, under the condition that the Renminbi funds are remitted to the remitter’s own account (same name personal account on the Mainland of China). Please note that the Renminbi remittance to the Mainland of China may be rejected if it does not meet the relevant rules and requirements on the Mainland of China. Please check with the receiving bank in the Mainland of China whether the account can be used to deposit cross border Renminbi funds. The upper limit of the daily aggregate amount remitted to the Mainland of China per person is CNY 80,000. 

- For non-residents and remittance outside Hong Kong are subject to the rules and requirements of the jurisdiction of the originating end and the receiving end.  

The amount you can transfer locally and cross-border outward remittance together are subject to the Daily Transfer Limit, which is a daily cumulative cap defined by you. In other words, your single cross-border outward remittance is capped by the available Daily Transfer Limit. The maximum Daily Transfer Limit is 500,000 HKD or equivalent. This limit is shared by all currencies. If you would like to set your own limit, please follow steps below: 

1. Tap "Profile Settings" on the Overview screen 

2. Select "Bank Services" 

3. Select "Transfer Limit" and follow the instructions 

Please note, the upper limit of the daily aggregate amount remitted to the Mainland of China per person is CNY 80,000.  

You can choose“Split” or “Payee”:. 

- Split: You will pay local remittance fees and the payee will pay correspondent bank fees. The local remittance fee will be deducted from your savings account. The Correspondent Institutions may charge a separate fee and it will be deducted from the remittance amount. 

- Payee: The payee will pay all remittance fees. The Correspondent Institutions may charge a separate fee. All remittance fees will be deducted from the remittance amount. 

The handling fee for cross-border outward remittance is HKD 50 or CNY 45 per transaction (depending on the currency of the outward remittance). Correspondent Institutions may charge fees on top of the outward remittance fee charged by livi.  

Please note the information relating to the services stated above are for customer's reference only and may be subject to changes from time to time.  Please always refer to the Fees and Charges displayed on the livi App and livi website on the updated fees and charges of the services. 

For amendment, cancellation or returned fee of cross-border outward remittance, the handling fee is HKD 200 or CNY 175 per transaction (depending on the currency of the outward remittance). Correspondent Institutions may charge fees on top of the outward remittance cancellation or returned fee charged by livi.  

Please note the information relating to the services stated above are for customer's reference only and may be subject to changes from time to time.  Please always refer to the Fees and Charges displayed on the livi App and livi website on the updated fees and charges of the services. 

livi support inward remittance of HKD and CNY from the Mainland of China. 
Reminder: Outward Remittance restrictions are subject to the remitting bank.

Bank Name: Livi Bank Limited

Bank Account Number: 388-756-X-XXXX XXXX (Sample Account Number). Please provide the 15-digit account number.

Main Address: 28/F, Oxford House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong

SWIFT code: LIVIHKHHXXX

livi retains BOCHK (SWIFT code: BKCHHKHH) as intermediary banks for HKD and CNY remittance from the Mainland of China. 

livi will reject any cross-border inward remittance other than HKD and CNY from the Mainland of China.

livi will not charge for cross-border inward remittance services. 

Reminder: Please note that the correspondent institutions may charge fees, and those fees may be deducted from the remittance amount. 
 

You can currently send money to credit cards of supported banks via FPS. These banks include:

• Standard Chartered Bank (Hong Kong) Limited

• The Hongkong and Shanghai Banking Corporation Limited

• China Construction Bank (Asia) Corporation Limited

• Bank of China (Hong Kong) Limited

• The Bank of East Asia, Limited

• DBS Bank (Hong Kong) Ltd.

• China CITIC Bank International Limited

• CMB Wing Lung Bank Limited

• Hang Seng Bank Ltd.

• Shanghai Commercial Bank Limited

• OCBC Wing Hang Bank Limited

• Dah Sing Bank, Limited

• Chong Hing Bank Limited

• Industrial and Commercial Bank of China (Asia)

• Fubon Bank (Hong Kong) Limited

• Citibank (Hong Kong) Limited

• Bank of Communications (Hong Kong) Ltd.

Some credit card issuers or certain card types at the supported banks might not support this service. In either case, please contact the credit card issuing bank for details.

You can enable it by tapping "Pay" on the Overview screen.

After enabling QR Payment, simply tap "Pay" on your Overview screen then present the QR code to the merchant.

You can pay with QR Payment at any of the 50,000+ merchants who accept UnionPay QR in Hong Kong and 40+ countries and regions, including Mainland China, Macau, Japan, Korea and Thailand, etc.

- The QR Code is valid one-time only with a time limit
- Suspicious transactions will be stopped by our security system
- The QR Code should only be displayed at the merchant for payment. Please do not disclose it to others.

You can suspend this QR Payment in Bank Services. Go to "Payment", then select "Suspend QR Payment" and follow the instructions. You will not be able to pay with QR Payment after this.

If you want to cancel your QR Payment altogether, please contact liviCare at (852) 2929 2998 for assistance.

Please contact liviCare immediately at (852) 2929 2998 if you notice any suspicious or unauthorised transaction(s). To raise a chargeback request, please download and complete the "Transaction Dispute Form". Return the form along with supporting documents to us by post as stated in the form.

Once we receive your transaction dispute application, we will assist you by raising chargeback request against the merchant acquirers on your behalf. If the merchant acquirers or merchant accept a chargeback request and issue a refund for the transaction, we will return the money to you accordingly. 

Upon receiving all relevant documents, the processing time of the dispute generally takes approximately 60 to 90 days, depending on the complexity of the dispute. We may contact you to obtain additional documents or follow up, if required. 

If it is successful, the refunded amount will be credited into your livi account. We reserve the right to charge a handling fee of HKD 50 per transaction if the dispute is found invalid after the investigation. 

Chargeback is a protection mechanism that card associations provide to their customers. Generally speaking, where customers use cards to make lump-sum payments upfront, and have disputes over the transactions later on, customers can request card-issuing banks to assist in applying for refunds of the payments.  Examples of disputes include the merchant closes down, and goods purchased do not match the description. The request has to be submitted within 60 calendar days of the statement issue date. 

Customers need to provide information like transaction receipts and agreements; and the chargeback requests are subject to the rules of the respective card associations, including the chargeback time limits within which consumers must file the requests. 

livi Flexi Loan “Personal Loan” is a personal loan product with a loan amount of up to HKD1,000,000 and a repayment period of up to 72 months. You only need to apply once, and you can reborrow from your repaid principal without additional applications or approvals.

The monthly flat rate is used to calculate the total interest amount for your loan as follows:

Total interest amount = Loan amount x Monthly flat rate x Repayment period.

The Annual Percentage Rate (APR) is a reference rate which includes all applicable interest rates, fees, and charges pertaining to a loan product, expressed as an annualised rate. It is calculated using a method specified in relevant guidelines set out by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. This rate will vary based on different factors such as loan amount and repayment period, you can view relevant information on the Flexi Loan "Personal Loan" Calculator, Accept Offer, and Instalment Details page.

You can view repayment amount and repayment date in Flexi Loan "Personal Loan" card. You only need to ensure enough funds are available in your liviSave account for every repayment.
We will automatically deduct all repayment amounts from your liviSave account on repayment day. Also, we will set your monthly repayment day based on your first drawdown date. For months without the same number of days, repayment day will fall on the last day of the month. If it falls on a Saturday, Sunday or public holiday, we will still automatically deduct the amount from your liviSave account on the same day.

You can early repay your outstanding loan amount in full and we will not charge any handling fee. However, you cannot choose to repay part of the loan. Early repayment means repaying the outstanding loan principal and any interest payable in full.

livi Debit Mastercard is a Mastercard^® virtual debit card issued by livi. When you pay with livi Debit Mastercard, it will directly debit from your liviSave account, payment records can be viewed from liviSave transaction history and statement in livi app.

And as it is a virtual card, it will be only sent to your livi app.

livi customer who has liviSave can apply for a livi Debit Mastercard.

You can apply for a livi Debit Mastercard from livi app. Upon successful instant approval, livi Debit Mastercard will be generated and sent to your livi app. You can check your livi Debit Mastercard after login.

You can refer to the Fee & Charges in livi app or livi Website.

Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries.
Google Pay is a trademark of Google LLC.

livi Debit Mastercard can pay at both physical stores and online stores.

You can add livi Debit Mastercard to Apple Pay / Google Pay to make payments at physical stores. Merchants that accept livi Debit Mastercard will usually show logos of Mastercard, Apple Pay and/or Google Pay at stores.

You can purchase with livi Debit Mastercard at online merchants. Card number of livi Debit Mastercard can be retrieved at "Cards" within livi app.

1. Tap "Cards" on the Overview screen;
2. Tap "Card Details";
3. Authenticate with your PIN to reveal card number, expiration date and CVC;
4. Copy the above information to the digital wallet of your choice;
5. Follow the instructions to add your card to the digital wallet.

You can pay with livi Debit Mastercard at any merchants accept Mastercard, Apple Pay and Google Pay.

Payment limit for livi Debit Mastercard is maximum 50,000 HKD per day. You can personalise / check your payment limit at "Cards" within livi app.

The following are some tips for using livi Debit Mastercard:

- Never disclose your card information of livi Debit Mastercard to others;

- Never record and store the card information in written format or digital format;

- Never add livi Debit Mastercard to Digital Wallets which are not possessed by you.

- Contact liviCare immediately if you notice any suspicious/fraudulent transaction;

- Check your transaction notification, transaction history and statement;

- Take reasonably security measure on protecting your personal information and safeguard your mobile device. You may refer to security measure as stated in livi Conditions for Services.

If you want to cancel standing instruction (SI) or direct debit authorization (DDA) on your livi Debit Mastercard, please contact the merchant to unsubscribe or cancel the payment directly.

You can directly remove the livi Debit Mastercard from Apple Pay or Google Pay.

Please call our liviCare to report loss of your mobile phone. We will help to block the usage of your livi Debit Mastercard. You should also delete the related card information from your Apple Pay and Google Pay Device(s). You are not liable for unauthorized transactions if you have not acted fraudulently, with gross negligence or have not otherwise failed to inform us as soon as reasonably practicable after having found that your card has been lost or stolen.

You may go to "Find my iPhone" app or "Find my Device" app to temporarily suspend "Apple Pay" or "Google Pay" or permanently remove the ability to make payments from your Apple Pay or Google Pay Device. For details, please refer to https://www.apple.com/hk/apple-pay/ and https://pay.google.com/intl/en/about/.

You can suspend the livi Debit Mastercard from the livi app. Tap the card icon under liviSave to enter "Cards", select "Suspend Mastercard" and follow instructions. No transactions can be made after the card has been suspended.

If you want to cancel your livi Debit Mastercard, please contact liviCare at (852) 2929 2998 for assistance.

Please contact liviCare immediately at (852) 2929 2998 if you notice any suspicious or unauthorised transaction(s). To raise a chargeback request, please download and complete the "Transaction Dispute Form". Return the form along with supporting documents to us by post as stated in the form.

Once we receive your transaction dispute application, we will assist you by raising chargeback request against the merchant acquirers on your behalf. If the merchant acquirers or merchant accept a chargeback request and issue a refund for the transaction, we will return the money to you accordingly. 

Upon receiving all relevant documents, the processing time of the dispute generally takes approximately 60 to 90 days, depending on the complexity of the dispute. We may contact you to obtain additional documents or follow up, if required. 

If it is successful, the refunded amount will be credited into your livi account. We reserve the right to charge a handling fee of HKD 50 per transaction if the dispute is found invalid after the investigation. 

Chargeback is a protection mechanism that card associations provide to their customers. Generally speaking, where customers use cards to make lump-sum payments upfront, and have disputes over the transactions later on, customers can request card-issuing banks to assist in applying for refunds of the payments.  Examples of disputes include the merchant closes down, and goods purchased do not match the description. The request has to be submitted within 60 calendar days of the statement issue date. 

Customers need to provide information like transaction receipts and agreements ; and the chargeback requests are subject to the rules of the respective card associations, including the chargeback time limits within which consumers must file the requests. 

Token Connect makes online shopping faster and more secure, eliminating the need to fill out your payment information which is being tokenized. Simply link your livi Mastercard to designated merchants on livi app to enjoy the ease of tap and pay!

You can add your card to the merchant’s website or app in a few easy steps:

1. Tap "Cards" on the overview screen

2. On the Cards page, select "Token Connect"

3. Find the merchant and tap the "+" beside the merchant’s name

4. Enter your PIN for authentication, then complete the registration at the merchant’s website / app.

You can unlink your card on the merchant’s website or app.  Please contact liviCare at (852) 2929 2998 or via Live Chat for further assistance.

You are required to open liviSave prior to insurance application, which only takes minutes, then you can make the policy application through livi app!

Remember to turn off any VPN (Virtual Private Network) you may be running in the background.

According to the law, except for certain policies exempted from the levy by law#, the policy holders of all new or in-force life insurance policies and general insurance policies (including travel, motor, property and household insurance) shall pay premium levy along with their premium payment.

# Reinsurance business, policies underwritten by authorised captive insurers, and marine, aviation and goods-in-transit business are exempted from the levy.

With effect from 1st January 2018, premium levy will be collected from policy holders by insurance companies on behalf the Insurance Authority ("IA") according to Insurance (Levy) Regulation and Insurance (Levy) Order in order to support the operation of IA. policy holders shall pay the levy at applicable levy rate and levy cap along with their premium payment.

Login livi app >Tab "Insurance" >Tab "3-Year Insurance Saving Plan" banner and enter product page  >you can access Product Brochure/Product Provision in product page。

For Android users:

• Disable the virtual location function/app on your device

For iOS users:

• Disable the virtual location function/app on your device

• Enable the "precise location" function by selecting:

Settings -> livi App -> Location -> Enable Precise Location

* Please note that certain device models may require you to remove the related function/app.

Please ensure that you only use the livi app only when you are physically in Hong Kong. You may need to be in urban areas for the best connection.

For Android users:

• Agree to grant livi app permission for location services, then select:

Settings -> Location -> livi App -> Permission -> Location -> On

For iOS users:

• Enable GPS services by selecting:

Settings -> Privacy -> Location -> On

• Agree to grant livi app permission for location services, then select:

Settings -> livi App -> Location -> Allow

For Android users:

• Disable the VPN function/app on your device, then select:

Settings -> Wi-Fi -> Edit -> Advanced Options -> Proxy -> Disable

For iOS users:

• Disable the VPN function/app on your device, then select:

Settings -> General -> VPN and Device Management -> VPN -> Disable

* Please note that certain device models may require you to remove the related function/app.

For Android users:

• Disable the proxy function/app on your device, then select:

Settings -> Wi-Fi -> Edit -> Advanced Options -> Proxy -> Disable

For iOS users:

• Disable the proxy function/app on your device, then select:

Settings -> Wi-Fi -> Info -> Proxy -> Disable

* Please note that certain device models may require you to remove the related function/app.

• Use the livi app only when you are physically in Hong Kong

• Find good network connection

• Enable the precise location function (if applicable)

For Android users:

• Enable GPS services on your device, then select:

Settings -> Location -> Use Location -> On

iOS user:

•Enable Precise location:

-Settings -> Select livi app -> Location -> Enable Precise location

The maturity payment will be paid on the next working day after the policy matures. BOC Life will inform policy holders to give instructions for the method of releasing maturity payment around one month before the date of policy maturity. If no instruction is given, maturity payment will be transferred to the premium payment bank account of the customer. If the transfer is unsuccessful, payment will be made by cheque in policy currency.

In order to collect the maturity payment efficiently, securely and conveniently, you may give instruction at least two weeks before the date of policy maturity to BOC Life for depositing the maturity payment, e.g. to your sole name account under livi, which is more convenient than receiving cheques. Please note that a joint account cannot be used for receiving maturity payment.

To give instruction on receiving maturity payment, you can fill in and complete “Application For Payment”, which can be downloaded from the website of BOC Life (https://www.boclife.com.hk/en/support/useful-forms.html), and ensure that the form is delivered to following address at least two weeks before the date of policy maturity:

BOC Group Life Assurance Company Limited

13/F, 1111 King’s Road, Taikoo Shing, Hong Kong

To give instruction on changing contact information of policies, you can fill in and complete “Application for Key Personal Information Change”, which can be downloaded from the website of BOC Life (https://www.boclife.com.hk/en/support/useful-forms.html), and deliver to: 

BOC Group Life Assurance Company Limited
13/F, 1111 King’s Road, Taikoo Shing, Hong Kong 

You may find the "Cancel within cooling-off period" button under individual policy detail page and complete the policy cancellation instruction submission. BOC Life will follow up and proceed for your instruction.

or

you may submit a cancellation within cooling-off period, please contact the insurer directly by:

BOC Group Life Assurance Company Limited

Customer service hotline: 2862 9816 (Monday to Friday 09:00 – 17:50, Saturday 09:00 – 13:00, closed on Sunday and public holidays)

Fax number: 2866 0785

Submit:

1. In person

2. Mail the form to 13/F, 1111 King's Road, Taikoo Shing, Hong Kong

Download "Application For Payment":

https://www.boclife.com.hk/f/upload/240/apay.pdf

You may find the "Surrender" button under individual policy detail page and complete the policy cancellation instruction submission. BOC Life will follow up and proceed for your instruction.

or

You may submit a policy surrender, please contact the insurer directly by:

BOC Group Life Assurance Company Limited

Customer service hotline: 2862 9816 (Monday to Friday 09:00 – 17:50, Saturday 09:00 – 13:00, closed on Sunday and public holidays)

Fax number: 2866 0785

Submit:

1. In person

2. Mail the form to 13/F, 1111 King's Road, Taikoo Shing, Hong Kong

Download "Application For Payment":

https://www.boclife.com.hk/f/upload/240/apay.pdf

Policy Replacement occurs when you use or intend to use a portion or all of the policy value of your existing insurance policy to fund a new insurance policy, or that you intend to decrease premium contrition of your existing policy to fund the premium of the new insurance policy.

Life insurance differs from general insurance as life insurance involves a substantially longer coverage period. If the insured surrenders their life insurance policy in the first few years after the commencement of the policy, the surrender value received is usually less than the total premium paid.

When considering policy replacement, the insured should pay attention that the new insurance company may re-assess underwriting criteria such as the applicant's health condition, occupation, leisure activities, etc. Moreover, the provisions of the new policy may be different from those of the existing policy, which could affect results of future claims. The insured should compare the provisions of the existing policy with those of the new one thoroughly, and evaluate if policy replacement is in their best interest.

To submit a claim, please contact the insurer directly by:

BOC Group Life Assurance Company Limited

Customer service hotline: 2862 9816 (Monday to Friday 09:00 – 17:50, Saturday 09:00 – 13:00, closed on Sunday and public holidays)

Fax number: 2866 0785

Claim form: https://www.boclife.com.hk/en/claims.html

Submit:

1. In person

2. Mail the form to 13/F, 1111 King's Road, Taikoo Shing, Hong Kong

Download "Death Claim Form": https://www.boclife.com.hk/f/upload/246/dcl.pdf

FAQ: https://www.boclife.com.hk/en/faq.html

If your submission is complete, BOC Life will notify you of the compensation within three working days after receiving all documents. A Claim Notice will be issued if additional information or documents are required.

"Travel Now" Insurance Plan is underwritten by BOCG Insurance and livi is the appointed insurance agency of BOCG Insurance for distribution of this insurance plan (insurance agency licence no. GA1033). BOCG Insurance is authorised by the Insurance Authority to carry on general insurance business in Hong Kong Special Administrative Region of the People's Republic of China. The insurance product is a product of BOCG Insurance, not livi's.

"Travel Now" Insurance Plan is a general insurance product that provides single trip travel plan. It is divided into 2 plans, namely "Travel Now" Plus and "Travel Now" Lite. Applicants can purchase additional coverage - (i) Enhanced Benefit and (ii) Cruise Benefit. 

"Travel Now" Insurance Plan offers single trip travel insurance plan, with a maximum coverage of 180 days.

Applicants must submit the claim within 30 days after the expiry of the journey, details as follows:

BOCG Insurance
Customer Service Hotline: (852) 3187 5123
(Business hours: Monday to Friday 08:50-17:50; closed on Saturday, Sunday and public holidays).
Address: 9/F, Wing On House, 71 Des Voeux Road Central, Hong Kong

Submission: Print out and fill in the “Travel Insurance Claim Form” and return to BOCG Insurance with required documents. BOCG Insurance may request additional relevant claims document. Please also refer to the “Tips on making claims” in the policy terms. 

Claim form download:
https://www5.bocgins.com/index.html?url=html/service/download_center.html#service-dc-claim

If the submitted information is sufficient, BOCG Insurance will notify you of the claims decision after receiving all documents. If more documents are required, the claims department will contact customers via email/letter/phone. 
 

You need to return a filled "Travel Insurance Claim Form", proofs of departure and return and the required documents listed below to BOCG Insurance. BOCG Insurance may request additional relevant claims document.

Personal Accident / Compassionate Death Cash Benefit/Credit Card Protection
Medical report, accident report, local police report, death certificate, etc. If the beneficiary is/are minors (persons aged under 18), please give particulars of the official administrator(s) and provide copies of the documentation authorizing that person to act in this capacity.

Medical and Other Expenses
Original hospital invoice(s) and medical expenses receipt(s) with diagnosis stated, treatment referral letter, medical report/laboratory report (if any)

Baggage and Personal Effects
Original local/HKSAR police report, purchase receipt(s), airline’s property irregularity report, photos of damaged property and repair quotation stating cause of damage or repairer’s written confirmation of irreparable property.

Baggage Delay
Original purchase invoices of essential items, airline’s property irregularity report or public conveyance’s confirmation stating the duration of delay

Personal Money
Original local police report and copies of police statement taken by the Claimant

Travel Document and Travel Ticket
Original local police report, travel document/travel ticket replacement receipts, original receipt for extra accommodation fee (if any)

Personal Liability
Local police report or statement to police (if any), demand correspondence of claim from third party

Rental Vehicle Excess
Copy of rental agreement with detailed terms and conditions, original payment receipt for the rental vehicle charges, original rental vehicle excess receipt

Travel Delay
Copy each of boarding pass, air ticket or travel ticket, written confirmation from the airlines or public conveyances stating the reason and duration of delay.

Cancellation of Trip / Curtailment of Trip
Copy of hospital invoice or death certificate; original doctor’s confirmation, travel tickets, receipts and agreements relevant to the claim and documentary proof of trip cancellation or curtailment with non-refundable amount, and documents certifying the relationship, e.g. marriage certificate, birth certificate agents, etc.

Cruise Benefit (Optional Benefit)
1. Cancellation/Interruption
2. Curtailment/Failure to Board
3. Shore Excursion Cancellation Allowance
4. Satellite Phone Expenses
 

This plan and policy cannot be cancelled once issued. Premium and premium levy will not be returned.

After paying for premium, you will receive a confirmation email by BOCG Insurance immediately, together with a confirmation message in the livi bank app. The policy and policy wording will be emailed by BOCG Insurance. You can also review your e-policy in livi bank app. If you need the policy and notice in non-electronic ways, please contact BOCG Insurance's customer service hotline at (852) 3187 5123. (Business hours: Monday to Friday 08:50-17:50; closed on Saturday, Sunday and public holidays).