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Employee Direct Deposit Form Template for Hong Kong

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Employee Direct Deposit Form

I need a simple Employee Direct Deposit Form for my Hong Kong tech startup with 20 employees, including options for both local and international bank accounts, to be implemented by March 2025.

Document background
The Employee Direct Deposit Form is a essential document used in Hong Kong employment relationships to facilitate automated salary payments. It becomes necessary when onboarding new employees or when existing employees wish to change their salary payment arrangements. The form collects critical information including employee identification details, bank account information, and formal authorization for direct deposits. Compliant with Hong Kong's Banking Ordinance and Personal Data (Privacy) Ordinance, it ensures secure and efficient processing of regular salary payments while protecting sensitive personal and financial information. This document is particularly important in Hong Kong's highly digitized banking environment, where electronic payments are the standard method for salary disbursement.
Suggested Sections

1. Employee Information: Basic details including full name (as per HKID), employee ID, department, and contact information

2. Bank Account Details: Primary bank account information including bank name, branch, account number, and account holder name

3. Payment Authorization: Employee's authorization for direct deposit of salary and other payments

4. Terms and Conditions: Basic terms regarding the direct deposit arrangement, timing of payments, and procedures

5. Declaration: Employee's confirmation that provided information is accurate and acknowledgment of terms

6. Signature Block: Space for employee signature, date, and witness signature if required

Optional Sections

1. Secondary Bank Account: Optional section for splitting salary between multiple accounts, including percentage or fixed amount allocation

2. Foreign Currency Option: For expatriate employees who wish to receive payment in foreign currency

3. Cancellation Authority: Optional section for employees to authorize specific individuals to cancel/modify the arrangement

4. Company Use Section: Administrative section for HR/Payroll processing details and approvals

Suggested Schedules

1. Bank Code List: Appendix containing list of bank codes for Hong Kong banks

2. Documentation Checklist: List of required supporting documents (e.g., copy of bank statement/book, HKID)

3. Privacy Notice: Detailed privacy notice regarding handling of personal and financial information

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Banking & Financial Services

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Relevant Teams

Human Resources

Finance

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Accounting

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Administration

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Relevant Roles

Human Resources Manager

Payroll Administrator

Finance Manager

HR Director

Chief Financial Officer

Accounts Payable Specialist

HR Coordinator

Finance Controller

Compensation and Benefits Manager

HR Operations Manager

Payroll Manager

Employee Relations Manager

HR Business Partner

Financial Analyst

HR Administrator

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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