Hang Seng Foreign Currency Deposit Service

Personal Banking > Banking Services > Foreign Currency Time Deposit > Current Promotion Offer

With a good grasp of your financial needs, Hang Seng offers a flexible and speedy all-round foreign currency deposit service to put time on your side, so that you can exchange foreign currencies, and set up or renew time deposits anytime anywhere, easily and with total peace of mind.

From now until 30 November 2009 (the "Promotion Period")⁽¹⁾, customers can enjoy the preferential offers of our all-round foreign currency deposit service not only through branches and phone banking, but also online via Hang Seng Personal e-Banking easily and quickly. Prestige Banking Customers can be exclusively entitled to a preferential time deposit rate of up to Board Rate + 1.60%p.a. and an exchange rate premium of up to 170 basis points when they convert HKD50,000 to HKD5,000,000 into a Designated Foreign Currency and at the same time set up a time deposit in such Designated Foreign Currency with a tenor of 1 month to 6 months:

Other customers can also enjoy preferential foreign currency time deposit interest rates (p.a.) of up to Board Rate + 1.50% and exchange rate premium of up to 150 basis points at branches, Phone Banking or Hang Seng Personal e-Banking⁽⁴⁾.

Act now to experience our handy and efficient online foreign currency exchange and time deposit services!

In addition, Prestige Banking customers who, through branches or phone banking, set up time deposits in a Designated Foreign Currency with New Funds⁽⁵⁾ can enjoy a preferential time deposit interest rate of up to 4.35%p.a.⁽⁶⁾.

Terms and Conditions for the Offers:
(1)	The promotion is valid until 30 November 2009 ("Promotion Period").
(2)	The preferential interest rates (p.a.) are quoted with reference to the interest rates offered by Hang Seng Bank Limited (the "Bank") on 13 November 2009 for Prestige Banking customers converting HKD50,000 to HKD5,000,000 (or equivalent) into AUD, NZD, EUR or GBP (each a "Designated Currency") respectively and at the same time setting up a time deposit in such Designated Currency with a tenor of 6 months via branches, Phone Banking or Hang Seng Personal e-Banking. The preferential interest rates are for reference only and are not applicable to the renewal of time deposits. The preferential interest rates (p.a.) offered by the Bank will vary from currency to currency. The relevant interest rates will be subject to the rates quoted by the Bank from time to time.
(3)	Prestige Banking customers are eligible to enjoy a premium of up to 170 basis points, 50 basis points and 45 basis points on exchange rates for each transaction exchanging HKD50,000 or above into GBP, AUD/NZD, and EUR respectively via Hang Seng Personal e-Banking; and enjoy a premium of up to 160 basis points on exchange rates for exchanging GBP, and a premium of up to 40 basis points for exchanging AUD/NZD/EUR via branches or Phone Banking.
(4)	Other customers (including Preferred Banking, Integrated Account and other deposit account customers) are eligible to enjoy preferential time deposit interest rates (p.a.) of up to Board Rate + 1.50% p.a. for converting HKD50,000 to HKD5,000,000 (or equivalent) into a Designated Currency and at the same time setting up a time deposit in such Designated Currency with a tenor of 1 month to 6 months via branches, Phone Banking or Hang Seng Personal e-Banking. Preferred Banking and Integrated Account Customers are eligible to enjoy a premium of up to 150 basis points on exchange rates for exchanging GBP, and a premium of up to 30 basis points for exchanging AUD/NZD/EUR . Customers other than Prestige Banking, Preferred Banking and Integrated Account customers are eligible to enjoy a premium of up to 100 basis points on exchange rates for exchanging GBP, and a premium of up to 20 basis points for exchanging AUD/NZD/EUR. The above offers are only applicable to the conversion of HKD into a Designated Currency or vice versa, and not applicable to the conversion between foreign currencies.
(5)	"New Funds" refers to funds newly deposited into the Bank using a cheque drawn on any other bank, inward CHATS or T/T during the Promotion Period, thereby increasing the aggregate deposits placed by the customer with the Bank. For clarification of the definition of "New Funds" in the promotion, please contact our bank staff. In case of any disputes in relation to the definition of "New Funds", the decision of the Bank shall be final.
(6)	The preferential time deposit interest rate (p.a.) is quoted with reference to the interest rates offered by the Bank on 13 November 2009 for Prestige Banking customers placing time deposits in AUD with New Funds of HKD50,000 to HKD5,000,000 (or equivalent) in a tenor of 6 months via branches and Phone Banking. The preferential interest rates are for reference only. Deposits in different currency will have a different preferential time deposit interest rate. The relevant interest rates will be subject to the rates quoted by the Bank from time to time.
(7)	The English version of these Terms and Conditions shall prevail whenever there is any discrepancy between the English and Chinese versions.

Remarks:
•	Interest rates and exchange rates are subject to review according to changes in market conditions from time to time. The Bank reserves the right to change the above interest rate and exchange rate offers at any time. Before making the relevant transaction, please check with our staff for the effective rates applicable to the transaction.
•	The above offers cannot be used in conjunction with other interest rate or exchange rate offers for the same currency.
•	The Bank reserves the right to suspend, revise or terminate the above offers and to amend the terms and conditions thereof at any time without prior notice. In case of any disputes, the decision of the Bank shall be final.
•	Investment involves risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts a time deposit from the foreign currency to HKD upon maturity.