Electronic Payment and Deposit

	By arranging Electronic Payment and Deposit (“EPD”) service through BEA New York Branch, you can save time and money monitoring your periodic payments and receipts when writing and mailing checks for the payment of bills and depositing checks that you receive.
	You can pre-authorize a third party to automatically deposit funds into your checking account, NOW account, money market deposit account, or savings account. Such funds include social security payments, salary, and pension plan payments.
	You can also pre-authorize a third party to initiate payment automatically from your deposit account. These include periodic mortgage loan payments and insurance premiums.
If you have any questions about EPD, please email us at BEANYinfo@hkbea-us.com or call (212) 238-8200.