A handy administrative tip – Payment method for MPF contributions
In making contributions to the MPF schemes and/or accounts, employers/self-employed persons or members can choose to pay either by direct debit authorisation or cheque.
Direct debit authorisation
To set up the autopay arrangement for your contributions to the MPF schemes and/or account, simply complete and return the 'Direct Debit Authorisation Form’ to us. You can settle the contributions by direct debit after the autopay arrangement has been setup.
Cheque
To pay the contributions by cheque, simply submit a valid cheque with clear and correct information to us. Please prepare a crossed cheque payable to ‘BOCI-Prudential Trustee Limited’ with MPF Scheme Number marked at the back of the cheque.
For e-Cheque, you may deposit it via MPF (Employer/SEP) Account on our website or e-Cheque Drop Box of BOC(HK).
For physical cheque, you may deposit it through the cheque deposit machines of BOC(HK) or send your cheque to us by post.
Do not forget below tips in making payment for the contributions:
- Payment types such as CASH, bearer cheques, post-dated cheques or cashier orders are not accepted.
- Cheques with incorrect or incomplete information will be considered as invalid and will not be accepted.
- Ensure sufficient funds in the bank account for cheque settlement or direct debit.
- Ensure the amount payable does not exceed your bank limit for direct debit.
Please refer to ‘Notice on MPF Contributions’ for the details. Should you have any queries, please contact our customer service representative on 2929 3030 or 2929 3366.