Local residents will be able to apply for the payment on June 21. The first handouts will be made as early as July 8, Financial Secretary Paul Chan said in a press conference on Monday morning.
It is about four, nearly five months, after the scheme was first announced in February.
Residents can submit their applications electronically or via traditional paper registration. Those doing so electronically are to apply through the bank’s website or online banking services. Applicants who submit their e-forms from July 1 onwards can expect the money in their bank accounts one week after registration.
Chan encouraged citizens to submit their applications online as this would be the fastest way to get the payment and also minimize the administration fees involved.
Alternatively, residents can also choose to submit the physical form to their bank or by mail, though this process will take longer.
The deadline to apply will be the end of next year. About seven million people will be eligible for the handout.
This cash handout scheme will cost the Hong Kong government around HK$71 billion (US$9.2 billion).