Savings Bank
- Savings Bank accounts can be opened in Hong Kong Dollars or US Dollars by individuals either singly or in joint names.
- Photocopies of Passport/ HKID Card to be submitted for opening the account. Original documents will be returned after verification
- Interest is payable half yearly in March and September at 0.15% rate eff from 01.04.2021
- Cheques collection facility available for Savings bank account holders
- Minimum Deposit required is HKD 1000 for HKD Savings accounts and USD 500 for USD Savings accounts
- Bank reserves the right to close the account and refund the balance after deduction of service charges if the minimum balance is not maintained
- Savings bank accounts should be maintained as personal accounts and not for business transactions
- Please advise change of address promptly
- Notification to customers will be by post and the last known address as per our records will be deemed to be the actual address
- Accounts not operated for six months will be transferred to Inoperative accounts and will be subject to service charges
- Bank reserves the right to recover or adjust any incorrect entry in the account
- Customers are requested to check all entries in passbook/statement of account and the entries will be deemed to be correct if not notified within 14 days
- USD currency deposited in USD Saving Bank accounts will be subjected to levy of 0.50% commission
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