Terms and Conditions for the “Foreign Currency Savings Deposit Offer: Up to 5% p.a. Preferential Savings Rate” (the “Offer”)

  1. The promotion period for the Offer is from 1 April 2025 to 30 June 2025, both dates inclusive (“Promotion Period”).
  2. The Offer is only applicable to personal customers who hold valid personal integrated account(s) (including Prestige Private, Prestige Banking, Preferred Banking and Integrated Account) of Hang Seng Bank Limited (“the Bank”). Only the principal account holder is eligible for the promotion if the relevant account is a joint account (“Eligible Customer(s)”).
  3. Eligible Customer with “Eligible Incremental Balance” of minimum AUD/CAD/NZD2,000 or GBP1,000 under his/her “Eligible Deposit Account(s)” can enjoy the Bonus Savings Rate for the Eligible Incremental Balance according to the table below.
    Tier Eligible Incremental Balance
    (in original currency)     		Total Savings Rate up to
    (Bonus Savings Rate)
    AUD / CAD / NZD GBP General Customers PayDay+ Payroll Account Customers
    1 First 40,000 or below First 20,000 or below 2.00% p.a.
    (1.999% p.a.)    		 3.00% p.a.
    (2.999% p.a.)
    2 Next 20,000 or below Next 10,000 or below 4.00% p.a.
    (3.999% p.a.)     		5.00% p.a.
    (4.999% p.a.)

    Remark: The above savings rate offer is quoted with reference to the savings rates offered by the Bank on 1 April 2025 and is for reference only. The relevant savings rates will be subject to revision based on the prevailing market conditions.

  4. “Eligible Deposit Account(s)” refer to the Savings Account(s) in Canadian Dollars (CAD) and/or Australian Dollars (AUD) and/or New Zealand Dollar (NZD) and/or Pound Sterling (GBP) maintained with the Bank in customer’s sole name or in the capacity as the primary account holder in the case of a joint account. For the avoidance of doubt, Time Deposit accounts are excluded from the Eligible Deposit Accounts.
  5. “Eligible Incremental Balance” is the increment of the daily average balance from April to June 2025, per currency, of Eligible Deposit Account(s) as compared with the period end balance on 31 March 2025 of the corresponding currency.
    1. In respect of the “period end balance on 31 March 2025”, if the customer got a negative Eligible Deposit Account balance or did not hold any Hong Kong Dollars/Foreign Currency savings, current, time deposit accounts or any Integrated Accounts (“Designated Bank Account”) with the Bank on 31 March 2025, it will be treated as zero in the Eligible Incremental Balance calculation.
    2. In respect of the “daily average balance of April to June 2025”, if the customer did not hold any Designated Bank Account on 31 March 2025 and opens a new personal integrated account during the promotion period, the daily average balance from the account opening date to June 2025 will be used instead. In case of any disputes, the Bank’s records shall be final and conclusive.
    3. In the case of any funds transfer made after 9pm on Mondays to Fridays or 6pm on Saturdays, and cheques deposited after the cut-off time of the Bank, the deposit balance will be updated on the next working day. All the related account deposit balances shall be based on the records of the Bank.
    4. Illustrative example of the Eligible Incremental Balance calculation (for reference only)
      Assuming that a customer has the following GBP deposit balances and transactions during April to June 2025:
      GBP Deposit Balances and Transactions GBP
      Deposit balance as of 31 Mar: 10,000
      Deposit balance from 1 - 15 Apr (15 days): 10,000
      Fund in on 16 Apr: +50,000
      Deposit balance from 16 Apr - 30 May (45 days): 60,000
      Fund out on 31 May: -10,000
      Deposit balance from 31 May - 30 Jun (31 days): 50,000
      Daily average balance of Apr to Jun (Refer to below image for calculation details): 48,351
      Eligible Incremental Balance (Cap being GBP30,000):
      = Deposit daily average balance of Apr to Jun - Deposit balance as of 31 Mar
      = GBP48,351 - GBP10,000
      = GBP38,351 (Note: The amount in which this offer can be enjoyed is GBP30,000, as it is subject to a cap which is GBP30,000)       		30,000


      Remark: The illustration above is taking GBP as an example. The same calculation applies to other currencies.
  6. “Total Savings Rate” includes “Bonus Savings Rate” and “Prevailing Savings Rate”.
    1. “Bonus Savings Rate” is applicable to the Eligible Incremental Balance up to the cap of AUD/CAD /NZD60,000 or GBP30,000 only. The Eligible Incremental Balance in the excess of the cap is not eligible to the Bonus Savings Rate. The bonus interest will first be calculated in terms of the Eligible Incremental Balance of corresponding currency (AUD/CAD/NZD/GBP), then converted into its HKD equivalent amount for the bonus interest payout based on the exchange rate solely determined by the Bank on 30 June 2025. Besides, the bonus interest is calculated as simple interest on a 365-day basis.
    2. “Prevailing Savings Rate” (as of 1 April 2025) is 0.001% p.a. for AUD/CAD/NZD500 or above and GBP200 or above. All of the rates quoted above are indicative and for reference only, and may change from time to time at the Bank’s sole discretion.
  7. “PayDay+ Payroll customers” refers to personal customers who set up / maintain PayDay+ payroll service with the Bank via sole-named or joint-named HKD Savings/HKD Current Accounts (“Payroll Account”) during the promotion period, and with the HKD salary directly credited to their Payroll Accounts from the employers’ company accounts via Autopay (“Eligible Payroll Record”). Any salary transfer not indicated for payroll purpose may not be considered as an Eligible Payroll Record. If the salary transfer instruction is received on public holiday / after the cut-off time of the Bank, it will be processed on the next working day. The customers must maintain the Eligible Payroll Record in each calendar month from the promotion period to the bonus interest credit day, otherwise, they can only enjoy the bonus savings rate offer of general customers. The Bank reserves the right of final decision should there be any dispute in the definition of “Eligible Payroll Record”.
  8. The bonus interest will be credited into the eligible HKD Savings/HKD Current Account of each Eligible Customer on or before 31 August 2025. Each Eligible Customer must continue to maintain valid Eligible Deposit Account(s) of the same currency and HKD Savings/HKD Current Account, and without terminating or downgrading the account, or he/she will be deemed to have forfeited the right to receive the relevant bonus interest.
  9. This Offer cannot be used in conjunction with other interest offers of the same currency.
  10. Unless otherwise specified, this promotion is not applicable to corporate account.
  11. No person other than the customer and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.
  12. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  13. These Terms and Conditions are subject to prevailing regulatory requirements.
  14. The Bank reserves the right to suspend, vary and terminate this promotion and the Offer at any time and amend the relevant Terms and Conditions of this promotion and the Offer from time to time without prior notice.
  15. In case of any disputes, the decision of the Bank on all matters relating to this promotion and the Offer shall be final and binding on all parties concerned. This promotion and the Offer are subject to the Terms and Conditions of relevant products or services. If there is any inconsistency between the Terms and Conditions of relevant products or services and these Terms and Conditions, these Terms and Conditions shall prevail.
  16. In case of any discrepancy between the English and the Chinese version of these Terms and Conditions, the English version shall prevail.

Foreign Currency Risk
Foreign Exchange involves Exchange Rate Risk. Fluctuations in the exchange rate of a foreign currency may result in gains or loss of principal in the event that the customer converts the deposits from HKD or foreign currency to another currency, and/or in the event that the customer converts a foreign currency time deposit to HKD upon maturity.