How to calculate and check my Eligible New Fund Balance?


"Eligible New Fund Balance" refers to the incremental balance when comparing the latest deposit balance with the balance of the same currency as of 30 calendar days ago, after deduction of the sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 30 calendar days. The balance of all accounts, including Savings Accounts, Current Accounts and Time Deposits of Hong Kong Dollar and foreign currencies (whether accounts in sole name or joint name), will be counted towards the calculation of "Eligible New Fund Balance". The Bank reserves the right of final decision should there be any dispute in the definition of "Eligible New Fund Balance".

Calculation of Eligible New Fund Balance


"Eligible New Fund Balance" of customer = (A) Latest deposit balance of a currency – (B) Deposit balance of the same currency as of 30 calendar days ago – (C) Sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 30 calendar days


Illustration example


Assumptions: Today is 30 Sep 2020 and customer’s HKD deposit transactions within the last 30 calendar days are as follows

Transaction Date Transaction Details Transaction Amount (HKD)
31 Aug HKD deposit balance
$30,000 (B)
8 Sep Fund in
+$50,000
15 Sep Placed HKD new fund Time Deposit
$20,000 (C)
17 Sep Fund out
-$10,000
20 Sep Fund in
+$100,000
30 Sep HKD deposit balance
$170,000 (A)

Calculation method

  HKD
Latest deposit balance (A) $170,000
Deposit balance as of 30 calendar days ago (B) $30,000
Incremental balance (A-B) $140,000
Sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 30 calendar days (C) $20,000
Eligible new fund balance (A-B-C) $120,000

The above illustration is taking HKD as example, and the same method is also applicable to other types of currency when calculating "Eligible New Fund Balance".