Seminar for Commercial Customers

Business Banking > Bank Accounts > Integrated Business Solutions Account > Current Promotion Offer

Hang Seng is committed to maximising your financial flexibility that helps you boost your competitive edge and expand your business with confidence. Call our Business Partner Direct, our dedicated customer service representatives will assist to arrange IBS Account opening onsite within 24 hours(1). From now until 31 December 2008, open an IBS Account to experience unprecedented ease in financial management with a host of fabulous privileges(2).




Hang Seng provides you practical tips to meet the diverse needs of start-up businesses, for details, please visit hangseng.com/business/startup.


Terms and Conditions:
(1)
 Only applicable to appointment made via 24-hour Business Partner Direct from 9:00am to 6:00pm on Monday to Thursday.
(2)
 The offer is only valid for new customers who have successfully opened an Integrated Business Solutions Account (“IBS”) with Hang Seng Bank Limited (“the Bank”) during the period from 24 July 2008 to 31 December 2008 (“Promotion Period”). "New Customers" refer to new customers who newly opened an IBS Acount during the Promotion Period, excluding (a)existing commercial customers who are holding any Hong Kong Dollars / Foreign Currency savings, current, time deposit accounts or IBS (collectively, the “Accounts”) or; (b) customers who have closed any Accounts with the Bank within the period from 24 February 2008 to 23 July 2008 or; (c) those whose Accounts have been terminated by the Bank in any periods. If customers terminate the IBS Account within the first 6 months upon account opening, the Bank reserves the right to deduct from any accounts of the customers maintained with the Bank an amount equivalent to the offer value without prior notice to customers.
(3)
 Start-up companies (“Start-up company”) refer to Hong Kong companies established/ registered within the past 12 months upon opening of IBS Account.
(4)
 For details of monthly fee waiver for IBS, please click here. Customers have to maintain a Total Relationship Balance of HKD3,000 equivalent or above during the waiver period to enjoy the relevant monthly fee waiver privileges.
(5)
 The offer is valid for selected transactions performed via the IBS Account and designated automated channels within the first 3 months from account opening.

Selected transactions
Designated automated channels
         Outward Remittance
Business e-Banking
               Bill Payment
               Time Deposit
               Cash Deposit
Quick Deposit Machine
              Cheque Deposit
Cheque Deposit Machine

$10 Cash Dollars will be rewarded for each transaction performed and each customer is entitled to enjoy up to a maximum of $500 Cash Dollars during the Promotion Period. The Cash Dollars will be credited to the first issued Commercial Card account in the 5th month from the date of Commercial Card issuance. The Commercial Card account should be valid and has good credit record at the time when the Cash Dollars reward is credited. For terms and conditions of the Cash Dollars reward, please refer to the leaflet enclosed with the new Commercial Card.
(6)
 The offer is valid for HKD and USD savings deposits maintained with the relevant IBS Account within the first 6 months from account opening and is only applicable to the account balance under individual currency’s account that reaches the target deposit balances.
(7)
 Subject to the Bank’s final approval and a minimum loan amount of HKD25,000. If the applicant is a start-up company, a government loan guarantee is required to be obtained.
(8)
 The Bank will charge a handling fee by way of further loan, which is not more than 2% of the approved loan amount, subject to a minimum amount of HKD1,000. Annualised Percentage Rate (APR) is 10.68% (based on a loan amount of HKD100,000 and a loan tenor of 12 months including a handling fee of 1%).
(9)
 Premium waiver is only applicable to the 7th to 12th month in the first policy year. If the customer terminates the policy in the first policy year after the effective date of the policy, the customer will still be required to pay a premium of HKD500 per policy. From the second policy year onwards, if the customer terminates the policy before its expiry, the customer will be required to pay a premium of HKD1,000 per policy. The Hang Seng Office Protection Plan is underwritten by Hang Seng General Insurance (Hong Kong) Company Limited (“Hang Seng General Insurance”) which is authorised and regulated by the Commissioner of Insurance of the HKSAR. Hang Seng Bank Limited is an insurance agent authorised by Hang Seng General Insurance.

The Bank reserves the right to cancel the above special offers, or revise the related terms and conditions from time to time without prior notice. In case of disputes, the decision of the Bank shall be final.