Terms and Conditions for Hang Seng PayDay⁺ $0 Brokerage Fee Offers on Buy Trades for Hong Kong Exchange Traded Funds and US Stocks

General Terms & Conditions

1. The promotion period of Hang Seng PayDay⁺ $0 Brokerage Fee Offers (the “Offers”) on Buy Trades for Hong Kong Exchange Traded Funds and US Stocks is from 30 April 2025 to 31 December 2025, both dates inclusive (“Promotion Period”).
2. Hang Seng Bank Limited (the “Bank”) reserves the right to suspend, vary or terminate the above offers and to amend these terms and conditions at any time without prior notice. The decision of the Bank on all matters relating to the related offers shall be final and binding on all the parties concerned.
3. The relevant offers are subject to the terms and conditions of the relevant products/services. If there is any inconsistency between the terms and conditions of the relevant products/services and these terms and conditions, these terms and conditions shall prevail.
4. In case of any discrepancy between the English and the Chinese versions of these terms and conditions, the English version shall prevail.
5. 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.
6. These terms and conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
7. These terms and conditions are subject to prevailing regulatory requirements (where applicable).

Definition of Eligible Payroll Customers

“Eligible Payroll Customer” refers to any personal customer who has recorded an Eligible Payroll Record in the customer’s HKD savings/current account with the Bank ("Payroll Account").

“Eligible Payroll Record” refers to the employer crediting HKD salary directly from the company account into the customer’s Payroll Account via autopay (which autopay must be specified to be for payroll purposes and must be recognized by the Bank’s system as such)

1. The customer’s identity as an Eligible Payroll Customer will be updated in the Bank’s record on the 7th working day of the subsequent month after the Eligible Payroll Record is made. For the purposes of the offers, working day refers to Monday to Saturday (excluding public holiday).Any salary transferred on public holiday/after the cut-off time of the Bank will be processed on the next working day. If the next working day falls in the following month (M), the customer’s identity as an Eligible Payroll Customer will be updated in the Bank’s record on the 7th working day of the subsequent month (M+1). The Bank reserves the right of final decision should there be any dispute in the definition of “Eligible Payroll Record” or in the recognition of the customer’s identity as an “Eligible Payroll Customer”.
2. An Eligible Payroll Record has to be made in the customer’s Payroll Account in each calendar month during the promotion period until the reward is credited. If the customer fails to do so, he/she cannot enjoy the Offers for the month in which the Eligible Payroll Record is missing.

$0 Brokerage Fee Offer on Buy Trades for Hong Kong Exchange Traded Funds

1. This offer is applicable to Eligible Payroll Customers with securities accounts (personal/ joint) under the Integrated Accounts (excluding Share Margin Accounts) maintained with the Bank (“Securities Customers with Payroll”). Securities Customers with Payroll who successfully execute BUY transactions of Hong Kong Exchange Traded Fund(s) (“ETF(s)”) (as defined in clause c below) via any of the Bank’s online trading channels (including Hang Seng Invest Express mobile app, Hang Seng Personal e-Banking and Hang Seng Personal Banking mobile app) and using the said securities accounts during the trading period (“Trading Period”) from 30 April 2025 to 31 December 2025 (“Eligible Securities Transaction(s)”) can enjoy $0 brokerage fee offer. There is no limit on the number of Eligible Securities Transaction(s) which can enjoy this offer and no minimum amount for each Eligible Securities Transaction.
2. This offer can be enjoyed by Securities Customers with Payroll who are eligible for SimplyStock in respect of Eligible Securities Transaction(s) in a calendar month during the Trading Period after the first HKD300,000 (or its HKD equivalent for transactions in USD or Renminbi) transaction amount in that calendar month which is covered by the SimplyStock monthly fee (currently HKD30) is exceeded.
3. “Hong Kong ETF(s)” refers to ETFs which are listed on The Stock Exchange of Hong Kong Limited during the Trading Period and with trading currency being HKD, USD or Renminbi, excluding all leverage & inverse products (i.e. those with relevant stock codes for Leverage and Inverse Products allocated for listing on the SEHK), and ETFs not settled by the customers with the Bank in HKD, USD or Renminbi. “Eligible Securities Transactions” exclude purchase transactions of Hang Seng Monthly Investment Plans for Stocks and share subscriptions of Initial Public Offering (IPO).
4. The offer is calculated on a per account basis. Customers are required to first pay all the standard brokerage fees of online trading channels (i.e. Hong Kong ETFs settled in HKD or Renminbi: 0.25% of the transaction amount, minimum HKD100 / RMB85 per transaction; Hong Kong ETFs settled in USD: 0.5% of the transaction amount, minimum USD20 per transaction) (“Standard Brokerage Fee”) in respect of all Eligible Securities Transactions. The brokerage fee reduction amount for Eligible Securities Transactions that a customer is entitled to (“Reduction Amount”) will be deposited by the Bank to the HKD settlement account of the relevant securities account on or before 28 February 2026.
   In respect of Eligible Securities Transaction(s) settled in HKD, the calculation of the Reduction Amount will be based on the actual brokerage fee paid for such Eligible Securities Transaction (i.e. Standard Brokerage Fee minus any brokerage fee reduction amount entitled for other securities offers during the Trading Period (if any)). In respect of Eligible Securities Transaction(s) settled in USD or Renminbi, the calculation of the Reduction Amount will be based on the actual brokerage fee paid for such Eligible Securities Transaction (i.e. Standard Brokerage Fee minus any brokerage fee reduction amount entitled for other securities offers during the Trading Period (if any)), with the amount of the actual brokerage fee paid converted to HKD at the exchange rate solely determined by the Bank as prevailing on 31 December 2025 (thus the Reduction Amount may be more or less than the actual brokerage fee paid for all Eligible Securities Transactions settled in USD or Renminbi due to this conversion).
   The actual brokerage fee paid for each Eligible Securities Transaction excludes any custody fee, securities deposit charges, nominee services fee and any third-party transaction charges such as transaction levy, stamp duty and trading fee, handling fee, securities management fee, transfer fee and capital gain tax, etc.
   Customers should still maintain the relevant securities accounts and the HKD settlement accounts when the Reduction Amount is credited.
5. This brokerage fee offer is a reduction of brokerage fee for securities transactions.

$0 Brokerage Fee Offer on Buy Trades for US Stocks

1. This offer is applicable to Eligible Payroll Customers with securities account under sole-named integrated accounts (excluding Share Margin Accounts) maintained with the Bank (“Securities Customers with Payroll”). Securities Customers with Payroll who successfully execute BUY transactions of US stocks (as defined in clause c below) via Hang Seng Invest Express mobile app and using the said securities accounts during the trading period (“Trading Period”) from 30 April 2025 to 31 December 2025 (“Eligible Securities Transaction(s)”) can enjoy $0 brokerage fee offer.
2. This offer can be enjoyed by Securities Customers with Payroll who are eligible for SimplyStock in respect of Eligible Securities Transaction(s) in a calendar month during the Trading Period after the first HKD300,000 (or its HKD equivalent for transactions in USD or Renminbi) transaction amount in that calendar month which is covered by the SimplyStock monthly fee (currently HKD30) is exceeded.
3. “US stocks” refer to Common Stocks (excluding warrants), Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs) traded on New York Stock Exchange (NYSE), Nasdaq Global Market (NASDAQ), NYSE Amex Equities Market (AMEX) and NYSE ARCA.
4. Customers are required to first pay all the standard brokerage fees (i.e. USD0.015 per share with minimum USD15 per transaction) (“Standard Brokerage Fee”) in respect of all Eligible Securities Transactions. The brokerage fee reduction amount for Eligible Securities Transactions that a customer is entitled to (“Reduction Amount”) will be deposited by the Bank into the USD settlement account of the relevant securities account on or before 28 February 2026. The calculation of Reduction Amount will be based on the actual brokerage fee paid for each Eligible Securities Transaction (i.e. Standard Brokerage Fee minus any brokerage fee reduction amount entitled for other securities offers during the Trading Period (if any)), subject to maximum total Reduction Amount of USD100 per customer. The actual brokerage fee paid for Eligible Securities Transaction excludes any custody fee, securities deposit charges, nominee services fee and any third-party transaction charges such as transaction levy, stamp duty and trading fee, handling fee, securities management fee, transfer fee, capital gain tax, SEC fee and financial transaction tax etc. Customers should still maintain the relevant securities accounts and the USD settlement accounts when the Reduction Amount is credited.
5. This brokerage fee offer is a reduction of brokerage fee for securities transactions.