2The Zero Liability Protection covers fraudulent transactions made by others using your debit card. All service and promotional offers are subject to relevant Terms and Conditions. Easy application via BOCHK Mobile Banking, and bind your debit card to your digital wallet, manage your account and spending safely with no hassle.

• Visit your local Bank of China branch to find a BOC Mastercard Debit Card to suit your needs.
• During the promotion period, Private Wealth customers can enjoy up to 1% unlimited cash rebate on retail spending at any online, local and overseas merchants with BOC Mastercard® Debit Card (0.5% basic cash rebate plus additional 0.5% cash rebate for Private Wealth customers)!
• 1BoC imposes no fee for use of its MasterCard® Debit Card at any ATMs, however, owner of ATM may impose a service fee for ATM transactions.
• With the BOC U.S.A. debit card, you can withdraw cash from ATMs1 and make POS transactions at any merchant worldwide where MasterCard® is accepted.
• “BOC Mastercard® Debit Card” customers can enjoy premium discount upon successful enrolment the following insurance plan, via BOCHK Mobile Banking or Internet Banking, and by entering the promotional code “DEBIT” during the promotion period.
• Issued by Bank of China, a BOC personal debit card has no credit limit and requires a deposit before use.

Institutional Wealth Management

Clients are recommended to activate the BOC SMS notifications and mobile banking services to stay informed about their transactions and balances. During the promotion period, Private Wealth customers can enjoy up to 1% unlimited cash rebate on retail spending at any online, local and overseas merchants with BOC Mastercard® Debit Card (0.5% basic cash rebate plus additional 0.5% cash rebate for Private Wealth customers)! With the BOC U.S.A. debit card, you can withdraw cash from ATMs1 and make POS transactions at any merchant worldwide where MasterCard® is accepted.

• No withdrawals transaction fees apply for or balance enquiries from ‘Bank of China’ branded ATMs in Australia.
• The debit card supports a variety of functions such as cash deposit and withdrawal, salary receipt, fund transfer and remittance, consumption payment, as well as investment and wealth management.
• Withdraw cash from ATMs1 and make POS transactions at any merchant worldwide where MasterCard® is accepted.
• Designated BOCHK customers can enjoy smart and easy foreign currency spending, as well as unlimited 0.5% cash rebate.
• BOCHK is solely responsible to all products, services, offers and related guarantees, obligations and responsibilities.BOCHK reserves the right to change, suspend or terminate the above products, services and to amend the relevant terms and conditions at any time at its sole discretion without prior notice.In case of any dispute(s), the decision of BOCHK shall be final.Customers can enjoy the above offers simultaneously.
• To be covered, report transactions made by others promptly, and use reasonable care in protecting your card from loss or theft.
• Clients are recommended to activate the BOC SMS notifications and mobile banking services to stay informed about their transactions and balances.

BOC Mastercard® Debit Card

The Bank of China (Hong Kong) offers a variety of features and benefits with its debit card, specifically the BOC Mastercard Debit Card. To be covered, report transactions made by others promptly, and use reasonable care in protecting your card from loss or theft. 1BoC imposes no fee for use of its MasterCard® Debit Card at any ATMs, however, owner of ATM may impose a service fee for ATM transactions. The Card Suite Lite app offers you a convenient way to manage your debit card. Use your BOC U.S.A. debit card to pay bills such as utilities, internet and phone service.

Advisory Services

Withdraw cash from ATMs1 and make POS transactions at any merchant worldwide where MasterCard® is accepted. The debit card supports a variety of functions such as cash deposit and withdrawal, salary receipt, fund transfer and remittance, consumption payment, as well as investment and wealth management. BOC Mastercard® Debit Card is delighted to present you with an array of exquisite privileges throughout the year, reserving exclusively for you the best of dining, shopping and leisure offers. “BOC Mastercard® Debit Card” customers can enjoy premium discount upon successful enrolment the following insurance plan, via BOCHK Mobile Banking or Internet Banking, and by entering the promotional code “DEBIT” during the promotion period.

【Private Wealth customers】Enjoy up to 1% cash rebate on spending

Enjoy unlimited 0.5% cash rebate on retail spending at any online, local, and overseas merchants. Designated BOCHK customers can enjoy smart and easy foreign currency spending, as well as unlimited 0.5% cash rebate. This feature allows cardholders to earn money back on their spending, which is a significant advantage over traditional debit cards that typically do not offer rewards .
Bank of China Mastercard Debit Card will be linked to one of your Bank of China (BOC) Transactional and At Call Accounts. Following BOC’s WeChat official account “BOC WeBank” is also recommended to receive transaction alerts promptly. With the card and PIN, the daily withdrawal limit at domestic ATMs is 20,000 yuan ($2,805.82). BOC Mastercard® Debit Card Cash Rebate Terms and Conditions BOC Mastercard® Debit Card Terms and Conditions

Enjoy spending with just a simple tap on your mobile phone

Take care of your family’s needs and apply for a supplementary card for your loved ones as young as 11 years old. This feature enhances financial management and helps prevent overspending . This is particularly beneficial for those who travel frequently, as it allows for seamless spending without incurring additional currency conversion fees . No withdrawals transaction fees apply for or balance enquiries from ‘Bank of China’ branded ATMs in Australia. Visit your local Bank of China branch to find a BOC Mastercard Debit Card to suit your needs. Your Mastercard Debit Card can be used wherever Mastercard is accepted globally, including Mainland China.

The debit card is for the cardholder only and must not be rented or lent to others. Keep the debit card PIN confidential and prevent it from been seen or stolen during use to ensure the safety of hotloot casino funds. All debit cards can be obtained at BOC’s branch counters or smart counters. Issued by Bank of China, a BOC personal debit card has no credit limit and requires a deposit before use. Book Airport Express Ticket via KKday platform by entering designated promo code and check out by BOC Mastercard® Debit Card could enjoy 50% off! While withdrawals at BancNet ATMs are charged according to the fees of the acquiring bank.
You may authorise a transaction on your BOC Mastercard Debit Card by tapping your card on a contactless terminal, subject to transaction limits. Simply contact your service providers to request that your card be used on a one-time or recurring basis. Our MasterCard® debit cards offer easy access to your money and advanced security features. There is no spending limit at designated merchants within China, but the card cannot be overdrawn.
Avail of our dual currency debit card which can be linked to either or both of your PHP and RMB savings accounts. BOCHK is solely responsible to all products, services, offers and related guarantees, obligations and responsibilities.BOCHK reserves the right to change, suspend or terminate the above products, services and to amend the relevant terms and conditions at any time at its sole discretion without prior notice.In case of any dispute(s), the decision of BOCHK shall be final.Customers can enjoy the above offers simultaneously. Livi bank is not a supplier or service provider of the products/services provided. You can also set supplementary card limits for your children and view spending records at a glance. This is advantageous for parents who want to provide their children with a card for controlled spending . 24 hour Customer Service Hotline to assist you with your product general enquires or to report a lost card or to notify your Bank of China Branch of a disputed transaction

One point to note is that for those adopted children (i.e. they have been adopted by persons through a legal adoption process), they have the same status as the natural children. If the deceased parent had a Will and he gave “his children” a gift or a sum of money to share, the illegitimate children were not entitled to share in the gift. Before the 19th June 1993, illegitimate children were not entitled to succeed to their deceased father’s estate if their father died intestate (without a Will).

If the value of the deceased’s estate does not exceed $50,000, will the application procedure be different?

Whilst the law in Hong Kong confers absolute testamentary freedom on individuals, it also recognizes the need for an individual to make financial provisions from his estate for his spouse and those who had been dependent on him financially during his lifetime. Under such circumstances, the surviving spouse could make a claim for a share of the estate, and the illegitimate child could claim for maintenance to be provided for him out of the estate pursuant to the Inheritance (Provision for Family and Dependants) Ordinance. Any aggrieved party may bring legal action against the executor to contest the validity of the deceased’s Will.
While no provision has expressly prohibited a bankrupt to be appointed as an executor/administrator, the Court generally deemed a bankrupt unsuitable to assume the office. However, an issue may arise in relation to whether a later will was intended by the testator to supersede an earlier will. However, the label does not determine the legal effect of a document.

What are some matters to consider for gifts to various beneficiaries?

• Will the executor only receive the legacy after he has obtained probate and administered the estate?
• The creditors should go after the estate’s personal representatives (i.e. the executor or the administrator of the deceased’s estate) .
• When a person dies, there may be estate (the money in bank accounts, company shares, real estate and other assets, etc.) left under the deceased’s name.
• For deaths between 15 th July 2005 and 10 th February 2006 , the Applicant still needs to follow the old practice to obtain estate duty clearance.
• Abatement happens when the remaining assets of the estate is not enough to pay off its funeral expenses and debts.
• Administration shall not be granted to more than four persons in respect of the same property.
• Generally speaking, only documents relevant to an application for a Grant of Representation, or personal items relating to a person other than the deceased and urgently required by that person, can be removed.

When making a Will, it is advisable for special trust provisions to be arranged for a beneficiary who is a disabled. If no provision is made in a Will and a common disaster occurred rendering it uncertain which spouse survives the other, then the younger is deemed to have survived the elder. If the Will is silent on this matter, these properties will fall into the residue of the estate and will be sold, with the proceeds forming part of the cash residue. For example, if the deceased has two flats (one of them in Hong Kong and the other is situated outside Hong Kong), then the foreign property will not be included in the estate in respect of the Grant of Representation in Hong Kong. On the other hand, the law governing disposition of land/flats (real estate) which are “immovable” is the law where the land/flats are located. The law in some countries (but not in Hong Kong) requires that you must leave a certain proportion of your estate to your children or widow.

Duty to Account

Details of the application procedure can be viewed from the website of the Home Affairs Department (Estate Beneficiaries Support Services). For deaths on or after 11th February 2006, the Applicant should follow the new procedure and arrangement which will be described in Procedures. However, the Inheritance (Provision for Family and Dependants) Ordinance (Cap. 481 of the laws of Hong Kong) empowers the Court to make orders that provisions be made out of the deceased’s estate for certain members of the deceased’s family and dependants. That means people can, by Will, leave their assets to whomever they wish. The guardian cannot however displace the rights of a surviving legal parent. For example, a trustee or a guardian may be appointed to monitor the assets inherited by the disabled.

• E.g. if the beneficiaries consider the personal representative having unduly initiated or defended a legal action, they may ask the court not to allow the representative to be reimbursed from the estate for the legal costs.
• In general, a person has the testamentary freedom to decide by his/her will as to how to distribute his/her assets after he/she dies.
• It is a gift of no specifically identified item which the beneficiary is to receive but merely a description of property to be passed.
• You are advised to consult a solicitor for how to take appropriate legal actions to claim repayment.
• If no provision is made in a Will and a common disaster occurred rendering it uncertain which spouse survives the other, then the younger is deemed to have survived the elder.
• If the estate is insolvent, the personal representative must take extra care.
• The wife may apply for maintenance and she has a good chance to be given a substantive share from the estate.

There are a number of situations in which a gift under a will is said to have failed, i.e. the beneficiary cannot get what the will intends to give him/her. Other than exceptions such as above, a beneficiary of the estate generally does not have the right to insist on keeping a particular asset unsold. Exceptions include specific gift under a will (i.e. the deceased gave a specific asset to a specific beneficiary). If it is a life policy whose beneficiary is someone other than the deceased (e.g. deceased’s families), it does not fall within a part of the estate. Please refer to the section about “capacity of an executor”. For an estate more than $150,000, follow the usual procedure for obtaining a grant.

Can the testator deal with his overseas property in the Will?

Under ss.21(1) and (2) of Non-Contentious Probate Rules (Cap. 10A), my father and I do not have a beneficial interest in the estate. He must prove that the potential administrator is clearly unsuitable e.g. he is missing or refuses to apply for the Letters of Administration. It ranges from one to four, except where life or minority interests are involved, in which case a minimum of two individuals are required unless the grantee is a trust corporation.

In most cases, there is an assumption that a testator has the necessary mental capacity to make his will and there is no need to provide evidence of it. There is always a question as to which jurisdiction (which country’s law) should govern the administration and succession of estate if some foreign elements are involved. A Grant of Representation acts as evidence of a person’s right to deal with the estate of the deceased. But in general it may be advisable to wait and see if there is any outstanding claim against the estate for a period of 12 months from the deceased’s demise (the so-called “executor’s year”) before full distribution is effected.
If a Will is found, the Holder (if he/she is the named executor) can take the Will away after making a copy of the same and placing the copy in the safe deposit box. For more information regarding the application procedure, please refer to the website of the Home Affairs Department. With effect from 1st April 2007, the Secretary for Home and Youth Affairs has delegated his power as regards access, inspection and inventory taking of a deceased person’ safe deposit box to the Director of Home Affairs. The deceased’s family members or legal representative must check carefully to see if the deceased had made a Will (or whether the Will on hand is the latest/last Will or not). Whether or not a Will is left by the deceased would affect the application procedure for the Grant of Representation. If the applicant discovers additional assets which have not been included in the verifying affirmation, the applicant should file a Corrective Affirmation/Affidavit verifying the Additional Schedule of Assets and Liabilities (Before Grant).

Under the will in the instant scenario, the grandmother’s estate was to be distributed among A, B and C equally. For both (1) & (2), A and B will take 1/3 each, and D and E will take C’s 1/3 share evenly (i.e. D and E will each take 1/6 of the estate of the grandmother). If you have doubt about the form or substance of such deed, seek legal advice.
Under r.21 of Non-Contentious Probate Rules (Cap. 10A), the persons having a beneficial interest in the estate are preferred to be granted the administration. If a personal representative of a spouse is involved, If one can prove that all persons in the preceding order are either deceased or have waived their eligibility, he or she can apply for the grant of administration. (vi) any legatee or devisee, whether residuary or specific, entitled on the happening of any contingency, or any person having no interest under the will of the deceased who would have been entitled to a grant if the deceased had died wholly intestate. If the executor fails to appear or prosecute his application for a grant within the time limit, you may apply by inter-partes summons returnable to the Registrar for the appropriate order.
It is a gift of no specifically identified item which the beneficiary is to receive but merely a description of property to be passed. The testator must specifically identify or describe the gift in his will. It is a gift of something the testator owns at the date he makes his will. If the deceased dies without a Will, the distribution of the assets and who can administer the estate will be governed by the law of intestate. The person making the Will is called the “testator”(if forzabet male) or “testatrix”(if female). After the abolition of estate duty, provisions have been made in the laws of Hong Kong to safeguard against intermeddling of an estate.