Hang Seng PayDay+ Promotion (2 January 2025 – 5 May 2025) - Terms and Conditions

General Terms and Conditions

  1. Unless otherwise specified, the promotion period of Hang Seng PayDay+ Promotion (“Promotion”) is from 2 January 2025 to 5 May 2025, both dates inclusive (“Promotion Period”).
  2. Each eligible customer can only enjoy the offer under the Promotion (the “Offer”) once. This Promotion cannot be used in conjunction with 2024 Quarter 3 and Quarter 4 Hang Seng PayDay+ Promotion (2024 Quarter 3: 2 July 2024 – 30 September 2024, 2024 Quarter 4: 2 October 2024 – 31 December 2024). For the Terms and Conditions of 2024 Quarter 3 and Quarter 4 Hang Seng PayDay+ Promotion, please visit (2024 Quarter 3) and (2024 Quarter 4). If the customer registered repeatedly for 2024 Quarter 4 and 2025 Quarter 1 PayDay+ Promotion welcome offers (2 January 2025 – 5 May 2025), only the latest registration will be processed.
  3. Hang Seng Bank Limited (“the Bank”) reserves the right to suspend, vary or terminate this Promotion and the related Offer and to amend the terms and conditions at any time without prior notice. The decision of the Bank on all matters relating to this Promotion and the related Offer shall be final and binding on all the parties concerned. The relevant Offer is subject to the terms and conditions of the relevant product/service. If there is any inconsistency between the terms and conditions of the relevant product/service and the terms and conditions, the terms and conditions shall prevail. In case of any discrepancy between the English and the Chinese versions of the terms and conditions, the English version shall prevail.
  4. 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.
  5. These terms and conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  6. These terms and conditions are subject to prevailing regulatory requirements.

Hang Seng PayDay+ Promotion Preferential HKD Savings Rate Offer Terms and Conditions

  1. The Offer is applicable to personal customers who are (i) holding any HKD Savings / HKD Current Accounts under Integrated Account (applicable to Prestige Private, Prestige Banking or Preferred Banking) maintained with the Bank in their sole name or in the capacity as the primary account holder in the case of a joint account (“Eligible Account”), and (ii) fulfil the following requirements:
    1. Successfully complete online registration of “Hang Seng PayDay+” welcome offer in Hang Seng Personal Banking Mobile App within the Promotion Period ("Registration Date”). The Bank will determine the eligibility of the online registration based on the latest record held by the Bank (“Registration Record”). In case of any disputes, the Bank’s records shall be final and conclusive; and
    2. Have no payroll record under any account of the Bank during the period from 1 October 2024 to 31 December 2024; and
    3. Successfully set up payroll service with the first monthly salary directly credited to the Eligible Account from the employer’s company account via Autopay (“Eligible Payroll Record”) during the period from 2 January 2025 to 31 May 2025. Any salary not credited from the employer’s company account is not considered an Eligible Payroll Record. Salary transfer instruction not indicated for payroll purpose may not be considered as Eligible Payroll Record. 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, the customer’s identity as payroll customer will be updated in the Bank’s record in the subsequent month. The Bank reserves the right of final decision should there be any dispute in the definition of “Eligible Payroll Record”. The Eligible Payroll Record should be maintained in the Eligible Account in each calendar month after the Registration Date (“Payroll Account”).
  2. Upon fulfilling the requirements of Clause 1 above, the personal customer (the “Eligible Payroll Customer”) can enjoy the Preferential HKD Savings Rate (“Preferential Savings Rate”) starting from the first working day of the 2nd calendar month (Month 0+2) following the month he/she becomes an Eligible Payroll Customer (Month 0). For the purposes of the Offer, working day refers to Monday to Saturday (excluding public holiday). Each Eligible Payroll Customer can enjoy the Preferential Savings Rate on the deposit balance placed in the HKD Savings Account of the Eligible Account (“Eligible HKD Savings Account”) for a maximum of 3 calendar months as stipulated in below illustration (“Offer Period").
    Date of fulfilling the requirements as Eligible Payroll Customer Offer Period Start Date Offer Period End Date
    2 January 2025 – 31 January 2025 1 March 2025 31 May 2025
    1 February 2025 – 28 February 2025 1 April 2025 30 June 2025
    1 March 2025 – 31 March 2025 2 May 2025 31 July 2025
    1 April 2025 – 30 April 2025 2 June 2025 31 August 2025
    1 May 2025 – 31 May 2025 2 July 2025 30 September 2025
  3. The Preferential Savings Rate (includes Bonus HKD Savings Rate and the Bank’s prevailing HKD Savings Rate*) is applicable to the Eligible HKD Savings Account during the Offer Period as set out in below table. The Preferential Savings Rate is only applicable to the first HKD300,000 savings in the Eligible HKD Savings Account (“Preferential Savings Interest”).
    HKD deposit balance maintained in the Eligible HKD Savings Account Preferential Savings Rate (p.a.)
    First HKD200,000 or below Up to 1.8%
    (Includes Bonus HKD Savings Rate of 1.55% and prevailing HKD Savings Rate* )
    Next HKD100,000 or below Up to 5%
    (Includes Bonus HKD Savings Rate of 4.75% and prevailing HKD Savings Rate* )

    * As at 2 January 2025, the Bank’s prevailing HKD Savings Rate is 0.25% p.a. for HKD5,000 or above. The prevailing HKD Savings Rate quoted above is indicative and for reference only. The rate is not guaranteed and is subject to review according to changes in market conditions from time to time at the Bank’s sole discretion. Please browse the Bank’s website or check with branch staff for the latest prevailing HKD Savings Rate.

    Prevailing HKD Savings Rate (applicable to HKD Savings Account only) will apply to any deposits amount in excess of the cap (i.e. HKD300,000).

    In the case of any fund transfer instruction received/ cheque 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. The Preferential Savings Interest is calculated for HKD on a 365-day or 366-day (for a leap year) as year base.
  5. The Preferential Savings Interest (rounded upward or downward to the nearest 5 cents, or as the Bank may solely decide) shall accrue on a daily basis and be credited to the Eligible HKD Savings Account at such intervals as the Bank may decide (for details, please refer to the Integrated Account Terms and Conditions, which shall prevail in the case of any discrepancy with this clause 5).
  6. If the Eligible Payroll Customer fails to maintain an Eligible Payroll Record with the Bank after the commencement of his/her Offer Period, the Preferential Savings Rate will be revoked and the Prevailing HKD Savings Rate will immediately apply thereafter without prior notice. The Preferential Savings Rate will not be reinstated in any circumstances once revoked.
  7. At the time the Preferential Savings Interest is credited, the Eligible Payroll Customer must still maintain valid Eligible HKD Savings Account and Payroll Account or he/she shall be deemed to have forfeited the right to receive the relevant Preferential Savings Interest absolutely at the Bank’s sole discretion and shall not be paid through any other channel.
  8. The Bank recommends Eligible Payroll Customer to maintain a valid mobile number with the Bank for receiving subsequent notification related to the Offer.
  9. In case the relevant account is a joint-named account, only the primary account holder can enjoy the Offer.
  10. The Promotion is not applicable to (i) the Bank’s Commercial Customers; (ii) Personal Customers aged under 18; (iii) Personal Customer with payroll record under any account of the Bank from 1 October 2024 to 31 December 2024; (iv) the Bank’s staff and (v) customers who are eligible to be entitled to the offers of 2024 Quarter 3 or 2024 Quarter 4 Hang Seng PayDay+ Promotion (2024 Quarter 3: 2 July 2024 – 30 September 2024, 2024 Quarter 4: 2 October 2024 – 31 December 2024).
  11. The Preferential Savings Rate Offer cannot be used in conjunction with other promotional offer(s) of the same product or savings offers of the same currency (including but not limited to Mortgage-link Loan Scheme, 2024 Quarter 3 and 2024 Quarter 4 Hang Seng PayDay+ Promotion).
  12. The Offer is applicable to Eligible Payroll Customer who has Eligible Payroll Record in Hong Kong Dollars only.
  13. Each Eligible Payroll Customer can only be entitled to the Offer once during the Offer Period.