GLOBAL INVOICE PAYMENT
Your bills, our responsibility
Your bills, our responsibility
Your bills, our responsibility
With a UTGL trust account, you can delegate the hassle of bill payments to us. Our Global Invoice Payment service acts as your personal secretary, allowing you to instruct us to pay all kinds of bills at any time via our intuitive mobile app.
With a UTGL trust account, you can delegate the hassle of bill payments to us. Our Global Invoice Payment service acts as your personal secretary, allowing you to instruct us to pay all kinds of bills at any time via our intuitive mobile app.
HOW IT WORKS
One click, all bills paid
Upload Your Invoice: Simply take a photo or upload a scanned copy of your invoice via our UTGL app.
Provide Payment Instructions: Enter the necessary payment details and instructions.
We Handle the Rest: Our team will process the payment on your behalf, ensuring it is completed accurately and on time.
KEY BENEFITS
Experience the UTGL advantages
01
Hassle-free
Manage all your bills in one place, saving you time and effort.
02
Security
Your financial information is safe with our robust security measures.
03
Reliability
As your trustee, we have a statutory duty to handle your payments promptly and safely, always prioritizing the best interests of your beneficiaries.
04
Support All Types of Invoices
From rental payments and utility bills to overseas tuition fees and insurance premiums, our service comprehensively covers all your payment needs.
05
Global Reach
Pay invoices in multiple currencies and across various countries.
06
Scheduled Payments
Whether you prefer to pay your bills weekly, monthly, or annually, our platform allows you to set up automatic payments that fit your schedule.
COMPARISON
The UTGL trust advantage: Beyond traditional banking
Discover why a Trust Account offers superior benefits for wealth management and asset protection.
Trust Account
Bank Account
Legal Title
Trustee (Trust company)
Bank Account
Confidentiality
High. Trust is a non-disclosure agreement.
Low. It can be accessed by the judiciary.
Autonomy
High. The Trust company will only execute the instructions of the settlor.
Low. Banks have the right to use client deposit for lending. If the bank does not operate well, there will be default risk and personal losses to depositors.
Risk
Risk Isolation. Trust has no right to freeze the assets in clients' trust account. Creditors are unlikely to have right to claim the assets in the trust unless any illegal activity is involved.
No risk isolation. Banks have the right to freeze the account for different specific reasons. Creditors also have the right to claim from it which client cannot achieve risk isolation.
Sustainability
Eternal. In Hongkong, trusts can exist indefinitely, and can thus be used to plan for multiple generations ahead, safeguarding capital and permitting longer-term, more strategic planning.
Non sustainable. If a client has an accident, the bank account will be frozen until it is handed by the executor of the will who applies to the court for probate of the will. After a long process, the executor will determine how to manage the assets in the bank account according to the will.
Privacy
High. Under normal circumstances, only the high court has the right to request access to trust account information and assets. Others, including beneficiaries, have no right to access any information of trust assets.
Low. Account information and assets whereabouts will be queried if there is reason to do so.
Flexibility
High. Trust accounts accept not only cash but also overseas properties, precious metals, digital assets etc.
Low. Banks mainly accept cash and are extremely unlikely to accept digital assets.
Services
Variable. Trust accounts can provide more global services such as offshore accounts, global investments, global payments, global assets transfer etc.
Limited. Bank accounts only provide local bank services. Investment choice is limited to the bank's own products.
Legal Title
Trust
Account
Trustee (Trust company)
Bank
Account
Bank Account
Confidentiality
Trust
Account
High. Trust is a non-disclosure agreement.
Bank
Account
Low. It can be accessed by the judiciary.
Autonomy
Trust
Account
High. The Trust company will only execute the instructions of the settlor.
Bank
Account
Low. Banks have the right to use client deposit for lending. If the bank does not operate well, there will be default risk and personal losses to depositors.
Risk
Trust
Account
Risk Isolation. Trust has no right to freeze the assets in clients' trust account. Creditors are unlikely to have right to claim the assets in the trust unless any illegal activity is involved.
Bank
Account
No risk isolation. Banks have the right to freeze the account for different specific reasons. Creditors also have the right to claim from it which client cannot achieve risk isolation.
Sustainability
Trust
Account
Eternal. In Hongkong, trusts can exist indefinitely, and can thus be used to plan for multiple generations ahead, safeguarding capital and permitting longer-term, more strategic planning.
Bank
Account
Non sustainable. If a client has an accident, the bank account will be frozen until it is handed by the executor of the will who applies to the court for probate of the will. After a long process, the executor will determine how to manage the assets in the bank account according to the will.
Privacy
Trust
Account
High. Under normal circumstances, only the high court has the right to request access to trust account information and assets. Others, including beneficiaries, have no right to access any information of trust assets.
Bank
Account
Low. Account information and assets whereabouts will be queried if there is reason to do so.
Flexibility
Trust
Account
High. Trust accounts accept not only cash but also overseas properties, precious metals, digital assets etc.
Bank
Account
Low. Banks mainly accept cash and are extremely unlikely to accept digital assets.
Services
Trust
Account
Variable. Trust accounts can provide more global services such as offshore accounts, global investments, global payments, global assets transfer etc.
Bank
Account
Limited. Bank accounts only provide local bank services. Investment choice is limited to the bank's own products.
FREQUENTLY ASKED QUESTIONS
Everything you need to know
What types of bills can I pay with UTGL?
You can pay a wide range of bills, including rental payments, electricity bills, water bills, overseas tuition fees, insurance premiums, and more.
What types of bills can I pay with UTGL?
You can pay a wide range of bills, including rental payments, electricity bills, water bills, overseas tuition fees, insurance premiums, and more.
What types of bills can I pay with UTGL?
You can pay a wide range of bills, including rental payments, electricity bills, water bills, overseas tuition fees, insurance premiums, and more.
Is there a limit to the number of invoices I can process?
No, there is no limit to the number of invoices you can process with our Global Invoice Payment service. Manage all your bills in one place, regardless of quantity.
Is there a limit to the number of invoices I can process?
No, there is no limit to the number of invoices you can process with our Global Invoice Payment service. Manage all your bills in one place, regardless of quantity.
Is there a limit to the number of invoices I can process?
No, there is no limit to the number of invoices you can process with our Global Invoice Payment service. Manage all your bills in one place, regardless of quantity.
Can I pay bills in different currencies?
Yes, our service supports payments in multiple currencies, making it easy to manage international bills. If you don't have the required currency in your account, you can exchange it on the platform instantly.
Can I pay bills in different currencies?
Yes, our service supports payments in multiple currencies, making it easy to manage international bills. If you don't have the required currency in your account, you can exchange it on the platform instantly.
Can I pay bills in different currencies?
Yes, our service supports payments in multiple currencies, making it easy to manage international bills. If you don't have the required currency in your account, you can exchange it on the platform instantly.
How secure are my assets with UTGL Trust?
At UTGL, earning your trust and ensuring the security of your assets are our utmost priorities. We act as trustees and custodians in legal title, with all assets held by licensed financial institutions or top-tier custodians. This structure provides a robust layer of security for your wealth. In accordance with Part (iii) Section 77(2) of the Trustee Ordinance, UTGL places a substantial deposit with the Government’s Department of Accounting Services. Additionally, we voluntarily maintain professional indemnity insurance and full third-party liability insurance for added peace of mind.
How secure are my assets with UTGL Trust?
At UTGL, earning your trust and ensuring the security of your assets are our utmost priorities. We act as trustees and custodians in legal title, with all assets held by licensed financial institutions or top-tier custodians. This structure provides a robust layer of security for your wealth. In accordance with Part (iii) Section 77(2) of the Trustee Ordinance, UTGL places a substantial deposit with the Government’s Department of Accounting Services. Additionally, we voluntarily maintain professional indemnity insurance and full third-party liability insurance for added peace of mind.
How secure are my assets with UTGL Trust?
At UTGL, earning your trust and ensuring the security of your assets are our utmost priorities. We act as trustees and custodians in legal title, with all assets held by licensed financial institutions or top-tier custodians. This structure provides a robust layer of security for your wealth. In accordance with Part (iii) Section 77(2) of the Trustee Ordinance, UTGL places a substantial deposit with the Government’s Department of Accounting Services. Additionally, we voluntarily maintain professional indemnity insurance and full third-party liability insurance for added peace of mind.
What specific legal obligations govern UTGL’s operations?
s2 Recognition of Trusts Ordinance (Cap. 76) states that our clients’ and our trust accounts are governed by the law. s3A Trustee Ordinance (Cap.29) states that the trustee must exercise the care and skill that is reasonable in the circumstances, having regard to any special knowledge or experience that the trustee has or holds out as having and if the trustee is acting in that capacity in the course of business or profession, any special knowledge or experience that is reasonably expected of a person acting in the course of that kind of business or profession. s97 Trustee Ordinance (Cap.29) further provides that employees of a trust corporation shall be personally responsible to the court and subject to the process of the court as if he is appointed as a Trustee personally.
What specific legal obligations govern UTGL’s operations?
s2 Recognition of Trusts Ordinance (Cap. 76) states that our clients’ and our trust accounts are governed by the law. s3A Trustee Ordinance (Cap.29) states that the trustee must exercise the care and skill that is reasonable in the circumstances, having regard to any special knowledge or experience that the trustee has or holds out as having and if the trustee is acting in that capacity in the course of business or profession, any special knowledge or experience that is reasonably expected of a person acting in the course of that kind of business or profession. s97 Trustee Ordinance (Cap.29) further provides that employees of a trust corporation shall be personally responsible to the court and subject to the process of the court as if he is appointed as a Trustee personally.
What specific legal obligations govern UTGL’s operations?
s2 Recognition of Trusts Ordinance (Cap. 76) states that our clients’ and our trust accounts are governed by the law. s3A Trustee Ordinance (Cap.29) states that the trustee must exercise the care and skill that is reasonable in the circumstances, having regard to any special knowledge or experience that the trustee has or holds out as having and if the trustee is acting in that capacity in the course of business or profession, any special knowledge or experience that is reasonably expected of a person acting in the course of that kind of business or profession. s97 Trustee Ordinance (Cap.29) further provides that employees of a trust corporation shall be personally responsible to the court and subject to the process of the court as if he is appointed as a Trustee personally.
Ready to get started?
Unlock the power of trust with UTGL today. Take the first step by exploring our Trust Platform or create an account for an instantly rewarding experience.
© 2024 UTGL. All rights reserved.
Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.
This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.
Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.
Ready to get started?
Unlock the power of trust with UTGL today. Take the first step by exploring our Trust Platform or create an account for an instantly rewarding experience.
© 2024 UTGL. All rights reserved.
Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.
This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.
Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.
Ready to get started?
Unlock the power of trust with UTGL today. Take the first step by exploring our Trust Platform or create an account for an instantly rewarding experience.
© 2024 UTGL. All rights reserved.
Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.
This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.
Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.