TRANSFERS IN THE CORPORATE OR CLIENT'S OWN NAME
Same-name fund transfers are a Digital Reserve Pty Ltd service: AUD, USD and HKD transfers in the client's own or corporate name to brokers, insurers and the client's own accounts. The same-name account service carries no separate account or transfer service fee; where conversion is involved the spread is shown in the quotation, and bank or intermediary charges, if any, are disclosed as incurred. Cross-border trade receipts and payments, operating payments and bulk payments are provided and separately contracted by a licensed remittance partner and coordinated by your relationship manager.
Same-name fund transfer services
Broker funding and withdrawals
Funding of and withdrawals from overseas brokerage accounts in the client's own name.
Insurance premium payments
Premiums paid from the policyholder's own account; renewal schedules are recorded by the relationship manager and arranged in advance.
Transfers between own accounts
Movements between accounts held in the client's own name. The same-name account service carries no separate account or transfer service fee; where conversion is involved the spread is shown in the quotation, and bank or intermediary charges, if any, are disclosed as incurred.
Trade receipts and payments, operating payments, bulk payments
These services are provided through a licensed remittance partner, introduced and coordinated by your Digital Reserve relationship manager with your consent; the partner conducts its own due diligence and contracting.
Cross-border trade receipts and payments
Corridors across the Middle East, Africa, Latin America and South Asia that general platforms do not adequately serve or frequently return.
Operating payments
Advertising, cloud services, overseas warehousing, customs duties and software subscriptions: low-value, high-frequency expenditure.
Bulk payments
Batches of dozens to hundreds of low-value payments. Currently processed manually; a systemised version is scheduled for December.
Definition of same-name
- Payer and payee are the same natural person or the same company
- Premiums: paid from the policyholder's own account for the policyholder's own policy
Digital Reserve does not
- Pay premiums, tuition or any other amount on behalf of a third party
- Lend an account for a transaction
- Facilitate the transfer of funds out of mainland China
What a same-name fund transfer is, and is not
Is a same-name account a separate bank account opened in my name?
What payer name does the recipient see?
Who holds the funds and how are they recorded?
Can both broker funding and premium payments be handled?
Which arrangements require a separate contract?
How are fees calculated?
Stated by stage
Onboarded clients may submit quotation requests and instructions through the client portal at any time.
Sydney and Hong Kong time, covering both business days. Quotation and execution take place within these hours.
Typically the same or next business day, subject to currency, corridor and bank cut-off times. Digital Reserve does not commit to settlement timing.
Receipts are credited after Elliptic screening; withdrawals are executed only to pre-approved whitelisted addresses.
Commence with a single low-value payment
The first transaction is typically a low-value test used to validate the process and the records.