Hang Seng Preferred Banking Welcome Offers Promotion (July – December 2023) – Terms and Conditions

General Terms and Conditions:

  1. Unless otherwise specified, the promotion period of Hang Seng Preferred Banking Welcome Offers Promotion is from 1 July 2023 to 31 December 2023, both dates inclusive (“Promotion Period”).
  2. Each Eligible Customer can only enjoy the offers once unless otherwise specified. The offers cannot be used in conjunction with other promotional offers of the same product offered by Hang Seng Bank Limited (the “Bank”).
  3. The Bank reserves the right to suspend, vary or terminate this promotion and the related offers and to amend these terms and conditions at any time without prior notice. The decision of the Bank on all matters relating to this promotion and the related offers shall be final and binding on all the parties concerned. 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. In case of any discrepancy between the English and the Chinese versions of these 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.

Preferred Banking Welcome Rewards:

  1. Unless otherwise specified, this offer is only applicable to personal customers who meet the account opening requirements and have newly opened / upgraded to Integrated Account of Preferred Banking (“Preferred Banking”) at the Bank branches or through digital channels (including Hang Seng Personal Banking mobile app and Hang Seng Personal e-Banking) or phone banking hotline during the Promotion Period (the “Eligible Customers”). The Eligible Customers exclude:
    1. existing customers who are holding sole-named or joint-named Preferred Banking; or
    2. customers who have ever held any sole-named or joint-named Preferred Banking with the Bank in the previous 12 months prior to the account opening month; or
    3. customers whose accounts have been terminated in any period
  2. “New Customer(s)” mentioned herein refers to the Eligible Customers, who are not:
    1. existing customers who are holding any Hong Kong Dollars/Foreign Currency savings, current, time deposit accounts or any Integrated Accounts at the Bank (including Prestige Banking, Preferred Banking and any other Integrated Account) (the “Existing Customer(s)”), or
    2. customers who have ever held any of the above accounts with the Bank in the previous 12 months prior to the account opening month, or
    3. customers whose accounts mentioned above have been terminated in any period.
  3. “Upgrade Customer(s)” mentioned herein refers to the Existing Customers, who are not:
    1. existing customers who are holding sole-named or joint-named Preferred Banking; or
    2. customers who have ever held any sole-named or joint-named Preferred Banking with the Bank in the previous 12 months prior to the account opening month; or
    3. customers whose accounts mentioned above have been terminated in any period.
  4. If an Eligible Customer open/ upgrade to more than one Preferred Banking during the Promotion Period (including the sole-named or joint-named Preferred Banking), entitlement to the offer will be based on the earliest account opening/ upgrading date.
  5. In case the relevant Preferred Banking is a joint-named account, only the primary account holder can enjoy the offers.
  6. The offers are not applicable to commercial customers.
  7. In case of any disputes, the Bank’s records shall be final and conclusive.

Preferred Banking Welcome Reward

    New Customers who open a new Preferred Banking at branches or through Hang Seng Personal Banking mobile app and also open / use the designated banking / investment services during the Promotion Period can earn reward of value up to HK$ 5,650 under In App Account Opening Rewards/Wealth Planning Rewards/Earn As You Spend. Upgrade Customers who upgrade to Preferred Banking and also open / use the designated banking services during the Promotion Period can earn reward of value up to HK$ 1,850 under Future Planning Reward / Get Paid, Get Rebate/ Shop More to Earn.


    Preferred Banking Account Opening Reward for New Customer


    In App Account Opening Rewards
    Designated Banking Services Rewards
    Open Preferred Banking account via Hang Seng Mobile App and successfully transfer cumulative amount of HKD 1,000 or above from account(s) of other local bank(s) to customer’s new Preferred banking account via the FPS within 2 months after account opening. HKD100 HKTVmall
    e-Gift Voucher
  1. In App Account Opening Rewards, New Customers are required to open Preferred Banking account successfully via Hang Seng Personal Banking mobile app (“Hang Seng Mobile App”) during the Promotion Period, and successfully transfer cumulative amount of HKD 1,000 or above from account(s) of other local bank(s) to customer’s new Preferred banking account via the FPS within 2 months after account opening to entitle the relevant reward.
  2. The Bank will send out an SMS to the phone number (registered with the Bank) of New Customers according to the below Reward Schedule. New Customers can redeem the HKD100 HKTVmall e-Gift Voucher through the SMS. To ensure New Customers can receive the relevant SMS sent out by the Bank, New Customers must have already registered a valid Hong Kong mobile phone number with the Bank. Otherwise, New Customers shall be disqualified without further notice and the e-Gift Voucher will be considered as forfeited.
    The period of newly opened Preferred Banking Reward Schedule
    July 2023 – September 2023 On or before 29 February 2024
    October 2023 – 31 December 2023 On or before 31 May 2024
    1. When crediting the reward of In App Account Opening Rewards, the New Customer must still hold the new Preferred banking account , otherwise he/she shall be deemed to have forfeited his/her right to receive the reward.
    2. The Bank will determine the eligibility of the New Customer of In App Account Opening Rewards based on the record of their FPS transaction held by the Bank. The Bank’s records shall be final and conclusive.
    3. Each New Customer can enjoy In App Account Opening Rewards only once during the Promotion Period and it cannot be used in conjunction with other promotion and offer of the Bank.
    4. The In App Account Opening Rewards is only applicable to the New Customer(s) who made the Designated Banking Service in HKD.
    5. Faster Payment System (FPS) is a real-time payment platform operated by Hong Kong Interbank Clearing Limited. For terms and conditions related to the Faster Payment System (FPS), please visit the Bank’s website (Personal>Banking>Faster Payment System(FPS)).

    Wealth Planning Rewards
    Designated Banking / Investment Services Rewards
    Reward 1 Register as Hang Seng Olive Members, and successful apply for 5-Year eEndowment Life Insurance Plan
    • Enter the promo code "INCOME" to apply and enjoy up to 5% guaranteed annual rate of return*
    • Multiple currency (HKD / RMB / USD) and premium option

    *This is the return rate of USD plan with premium discount included. Terms and Conditions apply. Please note the relevant product risks, credit risks and early surrender loss. The above life insurance plan is underwritten by Hang Seng Insurance Company Limited.
    HKD50 HKTVmall e-Gift Voucher
    Reward 2 HKD Savings Deposit Offer (“Deposit Offer”)
    Deposit new funds to the HKD Savings/ Current Accounts and meet the Eligible Deposit Requirement below during the relevant Deposit Period to enjoy:
    Eligible Deposit Requirement Cash Reward
    HKD50,000 or above – Below HKD100,000 HKD300
    HKD100,000 or above – Below HKD150,000 HKD600
    HKD150,000 or above – Below HKD200,000 HKD900
    HKD200,000 or above – Below HKD250,000 HKD1,200
    HKD250,000 or above – Below HKD300,000 HKD1,500
    HKD300,000 or above – Below HKD350,000 HKD1,800
    HKD350,000 or above – Below HKD400,000 HKD2,100
    HKD400,000 or above – Below HKD450,000 HKD2,400
    HKD450,000 or above – Below HKD500,000 HKD2,700
    HKD500,000 or above HKD3,500

    The relevant Deposit Period according to the month of account opening:
    Account Opening date Deposit Period
    1 - 31 Jul 2023 Aug – Oct 2023
    1 - 31 Aug 2023 Sep – Nov 2023
    1 - 30 Sep 2023 Oct – Dec 2023
    1 – 31 Oct 2023 Nov 2023 – Jan 2024
    1 – 30 Nov 2023 Dec 2023 – Feb 2024
    1 – 31 Dec 2023 Jan – Mar 2024
    Up to HKD3,500 cash rewards
    Reward 3 Set up payroll service via your new Preferred Banking account with at least one-month payroll record during the designated payroll period and deposit new funds in the CNY Savings/Current Deposit Account during the designated period
    Payroll Reward: Set up payroll service via your new Preferred Banking account to enjoy up to HKD800
    Average Monthly Payroll Amount (“Designated Payroll Amount”) Cash Reward
    HKD50,000 or above HKD800
    HKD30,000 – below HKD50,000 HKD500
    HKD10,000 – below HKD30,000 HKD300

    New Fund Deposit Reward: Deposit new funds in the CNY Savings/Current Deposit Account to enjoy up to HKD300
    Eligible Incremental Amount Cash Reward
    CNY40,000 or above HKD300
    CNY20,000 – below CNY40,000 HKD150
    Up to HKD1,100 cash rewards
    Reward 4 Activate Money Master and set up saving goal via Hang Seng Mobile App HKD100 HKTVmall e-Gift Voucher
  1. Wealth Planning Rewards Reward 1
    1. The promotion period is from 1 October 2023 to 31 December 2023. This offer is available to all customers who complete a successful application via the Hang Seng Bank website and have already downloaded the Hang Seng Olive Wellness App (the updated version is required for customers to enjoy the e-Gift Voucher). Please visit hangseng.com/olive-offer/ for the Terms and Conditions for the Reward of an e-Gift Voucher for Hang Seng Olive Members upon successful application for the QuickReward Endowment Life Insurance Plan (1-Year).
  2. Wealth Planning Rewards Reward 2 - HKD Savings Deposit Offer (“Deposit Offer”)
    1. This offer is only applicable to New Customers and their Hong Kong Dollar (HKD) Savings / Current Accounts 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 Deposit Accounts”).
    2. This offer is not applicable to the employees of the Bank.
    3. According to the below Deposit Offer Time Table and Cash Reward Schedule, the New Customers are entitled to a HKD300 cash reward for every Eligible Deposit of HKD50,000 during the relevant Deposit Period (“Eligible Deposit Offer Customers”). The cash rewards for any amount of Eligible Deposit that is between HKD50,000 or above to HKD500,000 are fixed at HKD300 or its multiple, while an additional cash reward of HKD500 will be rewarded for a total Eligible Deposit of HKD500,000 or above. The maximum cash reward for each Eligible Deposit Offer Customer is HKD3,500.
      Deposit Offer Time Table
      Account Opening date Deposit Period Cash Reward Credit Date
      1 – 31 Jul 2023 Aug – Oct 2023 On or before 29 Feb 2024
      1 – 31 Aug 2023 Sep – Nov 2023
      1 - 30 Sep 2023 Oct – Dec 2023
      1 – 31 Oct 2023 Nov 2023 – Jan 2024 On or before 31 May 2024
      1 – 30 Nov 2023 Dec 2023 – Feb 2024
      1 – 31 Dec 2023 Jan – Mar 2024
      Cash Reward Schedule
      Eligible Deposit Cash Reward
      HKD50,000 or above – Below HKD100,000 HKD300
      HKD100,000 or above – Below HKD150,000 HKD600
      HKD150,000 or above – Below HKD200,000 HKD900
      HKD200,000 or above – Below HKD250,000 HKD1,200
      HKD250,000 or above – Below HKD300,000 HKD1,500
      HKD300,000 or above – Below HKD350,000 HKD1,800
      HKD350,000 or above – Below HKD400,000 HKD2,100
      HKD400,000 or above – Below HKD450,000 HKD2,400
      HKD450,000 or above – Below HKD500,000 HKD2,700
      HKD500,000 or above HKD3,500
    4. Eligible Deposit is the average daily deposit balance of the Eligible Deposit Accounts during the Deposit Period. In the case of any funds transfer made after 9pm on Mondays to Fridays or 6pm on Saturdays, and cheques deposited after the cut-off time of the Bank, the deposit balance will be updated and reflected in the calculation of the Eligible Deposit on the next working day. All the related account deposit balances shall be based on the records of the Bank.
      Example :
      Assuming that a customer newly joins Preferred Banking in Jul 2023, and has the following deposit balances and transactions during the Deposit Period (Aug – Oct 2023):
      HKD deposit balance from 1 – 21 Aug: $200,000 21 days
      Fund in on 22 Aug: +$300,000
      HKD deposit balance from 22 Aug – 2 Oct: $500,000 42 days
      Fund in on 3 Oct: +$500,000
      HKD deposit balance from 3 – 31 Oct: $1,000,000 29 days
      Eligible Deposit: $589,130
      Cash Reward entitlement: $3,500
    5. The cash reward will be credited into the relevant Eligible Deposit Account of each Eligible Deposit Offer Customer as illustrated in the Deposit Offer Time Table in clause (c) above. At the time the cash reward is credited, each Eligible Deposit Offer Customer must continue to maintain a valid Preferred Banking Account, or he/ she will be deemed to have forfeited the right to receive the relevant cash reward.
    6. If any Eligible Deposit Offer Customer opens more than one Preferred Banking Account during the Promotion Period, his/ her entitlement to the Deposit Offer will be based on the Preferred Banking Account with the earliest account opening date.
    7. Each Eligible Deposit Offer Customer can enjoy this offer only once during the Promotion Period. This offer cannot be used in conjunction with other savings deposit offers of the same currency (including but not limited to those related to the Mortgage-link Loan Scheme).
  3. Wealth Planning Rewards Reward 3
    1. Wealth Planning Rewards Reward 3 is only applicable to Eligible Customers who successfully receive salary via the sole-named or joint-named newly opened Preferred Banking account (“Payroll Account”) within the Promotion Period, and fulfil the following requirements (“Eligible Payroll Customers”). Each Eligible Payroll Customer is entitled to the cash reward once:
      1. Applicable to customers who have newly opened Preferred Banking of the Bank during 1 July 2023 to 30 September 2023
        1. Have no payroll record under any account of the Bank during the period from 1 April 2023 to 30 June 2023; and
        2. Have at least one-month of payroll record of HKD10,000 or above in Eligible Customer’s Payroll Account during the period from 1 July 2023 to 30 November 2023 (“Designated Payroll Period”); and the salary must be directly credited to Eligible Customer’s Payroll Account from the employer’s company account via Autopay (“Eligible Payroll Record”). Any salary not credited from the employer’s company account is not considered an Eligible Payroll Record.
      2. Applicable to customers who newly opened Preferred Banking of the Bank during 1 October 2023 to 31 December 2023
        1. Have no payroll record under any account of the Bank during the period from 1 July 2023 to 30 September 2023; and
        2. Have at least one-month of payroll record of HKD10,000 or above in Eligible Customer’s Payroll Account during the period from 1 October 2023 to 29 February 2024 (“Designated Payroll Period”); and the salary must be directly credited to Eligible Customer’s Payroll Account from the employer’s company account via Autopay (“Eligible Payroll Record”). Any salary not credited from the employer’s company account is not considered an Eligible Payroll Record.
    2. Eligible Payroll Customers must maintain a valid Preferred Banking account and payroll account at the time the relevant cash reward(s) of Payroll Reward and/or New Fund Deposit Reward under Wealth Planning Rewards Reward 3 is/are being awarded. If Eligible Payroll Customers have terminated the relevant payroll account and Preferred Banking or changed such account to a non-Preferred Banking at the time when cash reward(s) is/are being awarded, the Bank reserves the right to deduct an amount equivalent to the value of the reward from any accounts of the Eligible Payroll Customers maintained with the Bank without prior notice.
    3. The Wealth Planning Rewards Reward 3 cannot be used in conjunction with other promotional offer(s) of the same product including but not limited to Hang Seng Corporate Employee Privilege Programme (“CEPP”) offered by the Bank.
    4. In case the relevant Preferred Banking is a joint-named account, only the primary account holder can enjoy the Cash Rewards of Wealth Planning Rewards Reward 3.
    5. The Wealth Planning Rewards Reward 3 is not applicable to commercial customers, Private Banking customers and the Bank’s staff.
    6. The Wealth Planning Rewards Reward 3 is applicable to Eligible Customer who has payroll transactions in Hong Kong Dollars only.

    7. Payroll Reward under Wealth Planning Rewards Reward 3 - Up to HKD800 Cash Reward
    8. The Eligible Payroll Customers will be entitled to one of the following Cash Rewards based on their average monthly payroll amount (“Designated Payroll Amount”) as stipulated in the table below (“Eligible Payroll Customer of Payroll Reward”). Each Eligible Payroll Customer of Payroll Reward is entitled to the Cash Reward once only:
      Average Monthly Payroll Amount (“Designated Payroll Amount”) Cash Reward
      HKD50,000 or above HKD800
      HKD30,000 - below HKD50,000 HKD500
      HKD10,000 - below HKD30,000 HKD300
      The period of newly opened Preferred Banking Cash Reward Credit Date
      1 July 2023 to 30 September 2023 On or before 31 January 2024
      1 October 2023 to 31 December 2023 On or before 30 April 2024
    9. The Designated Payroll Amount of Eligible Payroll Customer will be calculated by the Bank based on the monthly payroll records of Eligible Payroll Customer’s Payroll Account received by autopay made through the employer company’s account over the Designated Payroll Period. If an Eligible Payroll Customer’s Payroll Account has more than one month with Eligible Payroll Record during the Designated Payroll Period, the Designated Payroll Amount will be taken by aggregating all monthly payroll amounts of the Eligible Payroll Records and divided by the number of the months with Eligible Payroll Records. All payroll record including the payroll amount and the number of payroll transactions are subject to the Bank’s records. In case of any dispute, the decision of the Bank shall be final.

    10. New Fund Deposit Reward under Wealth Planning Rewards Reward 3 – Up to HKD300 Cash Reward
    11. Eligible Payroll Customers who deposit new funds in the CNY Savings/Current Deposit Account during the designated period and meet the requirement of deposits incremental amount as stipulated in the below table (“Eligible Incremental Amount”) , can enjoy the relevant Cash Reward (“Eligible Payroll Customers of New Fund Deposit Reward”):
      Deposit Account Eligible Incremental Amount Cash Reward Cash Reward
      CNY Savings/Current Deposit Account CNY 40,000 or above HKD 300
      CNY 20,000 – below CNY 40,000 HKD 150
      The period of newly opened Preferred Banking Baseline Date for Eligible Incremental Amount
      (“Baseline Date”)
      Comparison Date for Eligible Incremental Amount
      (“Comparison Date”)
      Cash Reward Credit Date
      (“Designated Period”)
      1 July 2023 to 30 September 2023 30 June 2023 30 November 2023 On or before 31 January 2024
      1 October 2023 to 31 December 2023 30 September 2023 29 February 2024 On or before 30 April 2024
    12. Eligible Incremental Amount refers to the positive net growth amount of the Eligible Payroll Customer of New Fund Deposit Reward ’s combined total deposit balance of sole-named CNY Savings/Current Deposit Account (“Total CNY Deposit Balance”) from the Baseline Date to the Comparison Date as mentioned in the above table. For Eligible Payroll Customers of New Fund Deposit Reward who did not hold any CNY account with the bank on the Baseline Date, his/ her “Total CNY Deposit Balance” on the Baseline Date will be treated as zero. All the related account deposit balances shall be based on the records of the Bank which shall prevail.
    13. Each Eligible Payroll Customer of New Fund Deposit Reward is entitled to Cash Reward once only.
  4. Wealth Planning Rewards Reward 4
    1. Wealth Planning Rewards Reward 4 is only applicable to New Customers who activate Money Master and set up saving goal via Hang Seng Personal Banking mobile app within the Promotion Period are entitled to HKD100 HKTVmall e-Gift Voucher. Please visit https://www.hangseng.com/en-hk/personal/digital/personal-mobile-app/money-master/ for Money Master service details.
    2. The Bank will send out an SMS to the phone number (registered with the Bank) of New Customers according to the below Reward Schedule. New Customers can redeem the HKD100 HKTVmall e-Gift Voucher through the SMS. To ensure New Customers can receive the relevant SMS sent out by the Bank, New Customers must have already registered a valid Hong Kong mobile phone number with the Bank. Otherwise, New Customers shall be disqualified without further notice and the e-Gift Voucher will be considered as forfeited.
      The period of newly opened Preferred Banking Reward Schedule
      July 2023 – September 2023 On or before 29 February 2024
      October 2023 – 31 December 2023 On or before 31 May 2024
    3. New Customers must maintain a valid Preferred Banking account at the time the relevant cash rewards/ e-Gift Voucher are being awarded. If New Customers have terminated the relevant Preferred Banking or changed such account to a non-Preferred Banking at the time when rewards are being awarded, the Bank reserves the right to deduct from any accounts of the customers maintained with the Bank an amount equivalent to the value of the reward without prior notice.

Earn As You Spend

    Designated Banking Services Rewards
    Reward 1 Successfully apply for Hang Seng MMPOWER World Mastercard® or University / College Affinity Credit Card $100 +FUN Dollars
    Reward 2 Successfully apply for Hang Seng MMPOWER World Mastercard® or University / College Affinity Credit Card and fulfill designated spending requirement Up to $700 +FUN Dollars / 10 MCL Movie Tickets
  1. Earn As You Spend Reward 1 is only applicable to New Customers who have newly opened an Integrated Account of Preferred Banking (“Preferred Banking”), and successfully applied for Hang Seng MMPOWER World Mastercard or University / College Affinity Credit Card during the Promotion Period are entitled to $100 +FUN Dollars. When customer achieve the designated spending requirement, the Bank will credit the relevant +FUN Dollars to the relevant principal card account of the New Customers on or before 30 June 2024. The Preferred Banking of New Customers must remain valid, and the relevant credit card account must be still valid and in good standing when the +FUN Dollars are granted.
  2. For Earn As You Spend Reward 2 with Hang Seng MMPOWER World Mastercard, the promotion period is from now to 31 December 2023. Customers who have successfully applied for Hang Seng MMPOWER World Mastercard on or before 31 January 2023 and fulfilled the designated spending requirements of welcome offer are entitled to up to $700 +FUN Dollars or 10 MCL Movie Tickets. For details, please visit hangseng.com/mpower.
  3. For Earn As You Spend Reward 2 with Hang Seng University / College Affinity Credit Card, the promotion period is from now to 31 December 2024. Customers who have successfully applied for University/College Affinity Credit Card on or before 31 January 2024 and fulfilled the designated spending requirements of welcome offer are entitled to up to $600 +FUN Dollars. For details, please visit hangseng.com/ucardspromo.
  4. For Earn As You Spend Reward 2, when customer achieve the designated spending requirement, the Bank will credit the relevant +FUN Dollars to the relevant principal card account of the Eligible Customers on or before 30 June 2024. The Preferred Banking of Eligible Customers must remain valid, and the relevant credit card account must be still valid and in good standing when the +FUN Dollars are granted.

Preferred Banking Account Opening Reward for Upgrade Customer


Future Planning Reward

    Designated Banking Services Rewards
    Register as Hang Seng Olive Members, and successful apply for QuickReward Endowment Life Insurance Plan (1-Year)
    • Enter the promo code "INCOME" to apply and enjoy up to 5% guaranteed annual rate of return*
    • Multiple currency (HKD / RMB / USD) and premium option

    *This is the return rate of USD plan with premium discount included. Terms and Conditions apply. Please note the relevant product risks, credit risks and early surrender loss. The above life insurance plan is underwritten by Hang Seng Insurance Company Limited.
    HKD50 HKTVmall e-Gift Voucher
  1. The promotion period is from 1 October 2023 to 31 December 2023. This offer is only available to customers who complete a successful application via the Hang Seng Bank website and have already downloaded the Hang Seng Olive Wellness App (the updated version is required for customers to enjoy the e-Gift Voucher). Please visit hangseng.com/olive-offer/ for the Terms and Conditions for the Reward of an e-Gift Voucher for Hang Seng Olive Members upon successful application for the QuickReward Endowment Life Insurance Plan (1-Year).

Get Paid, Get Rebate

Designated Banking/ Investment Services Rewards
Set up payroll service via your new Preferred Banking account with at least one-month payroll record during the designated payroll period and deposit new funds in the CNY Savings/Current Deposit Account during the designated period
Payroll Reward: Set up payroll service via your new Preferred Banking account to enjoy up to HKD800
Average Monthly Payroll Amount (“Designated Payroll Amount”) Cash Reward
HKD50,000 or above HKD800
HKD30,000 – below HKD50,000 HKD500
HKD10,000 – below HKD30,000 HKD300
New Fund Deposit Reward: Deposit new funds in the CNY Savings/Current Deposit Account to enjoy up to HKD300
Eligible Incremental Amount Cash Reward
CNY40,000 or above HKD300
CNY20,000 – below CNY40,000 HKD150
Up to HKD1,100 cash rewards
  1. Get Paid, Get Rebate is only applicable to Eligible Customers who successfully set up payroll service via the sole-named or joint-named upgraded to Preferred Banking account (“Payroll Account”) within the Promotion Period, and fulfil the following requirements (“Eligible Payroll Customers”). Each Eligible Payroll Customer is entitled to the cash reward once:
    1. Applicable to customers who upgraded to Preferred Banking account of the Bank during 1 July 2023 to 30 September 2023
      1. Have no payroll record under any account of the Bank during the period from 1 April 2023 to 30 June 2023; and
      2. Have at least one-month of payroll record of HKD10,000 or above in Eligible Customer’s Payroll Account during the period from 1 July 2023 to 30 November 2023 (“Designated Payroll Period”); and the salary must be directly credited to Eligible Customer’s Payroll Account from the employer’s company account via Autopay (“Eligible Payroll Record”). Any salary not credited from the employer’s company account is not considered an Eligible Payroll Record.
    2. Applicable to customers upgraded to Preferred Banking account of the Bank during 1 October 2023 to 31 December 2023
      1. Have no payroll record under any account of the Bank during the period from 1 July 2023 to 30 September 2023; and
      2. Have at least one-month of payroll record of HKD10,000 or above in Eligible Customer’s Payroll Account during the period from 1 October 2023 to 29 February 2024 (“Designated Payroll Period”); and the salary must be directly credited to Eligible Customer’s Payroll Account from the employer’s company account via Autopay (“Eligible Payroll Record”). Any salary not credited from the employer’s company account is not considered an Eligible Payroll Record.
  2. Eligible Payroll Customers must maintain a valid Preferred Banking account and payroll account at the time the relevant cash reward(s) of Payroll Reward and/or New Fund Deposit Reward under Get Paid, Get Rebate is/are being awarded. If Eligible Payroll Customers have terminated the relevant payroll account and Preferred Banking or changed such account to a non-Preferred Banking at the time when cash reward(s) is/are being awarded, the Bank reserves the right to deduct an amount equivalent to the value of the reward from any accounts of the Eligible Payroll Customers maintained with the Bank without prior notice.
  3. Get Paid, Get Rebate cannot be used in conjunction with other promotional offer(s) of the same product including but not limited to Hang Seng Corporate Employee Privilege Programme (“CEPP”) offered by the Bank.
  4. In case the relevant Preferred Banking is a joint-named account, only the primary account holder can enjoy the Cash Rewards of Get Paid, Get Rebate.
  5. Get Paid, Get Rebate is not applicable to commercial customers, Private Banking customers and the Bank’s staff.
  6. Get Paid, Get Rebate is applicable to Eligible Customer who has payroll transactions in Hong Kong Dollars only.

  7. Payroll Reward under Get Paid, Get Rebate - Up to HKD800 Cash Reward

  8. The Eligible Payroll Customers will be entitled to one of the following Cash Rewards based on their average monthly payroll amount (“Designated Payroll Amount”) as stipulated in the table below (“Eligible Payroll Customer of Payroll Reward”). Each Eligible Payroll Customer of Payroll Reward is entitled to the Cash Reward once only:
    Average Monthly Payroll Amount (“Designated Payroll Amount”) Cash Reward
    HKD50,000 or above HKD800
    HKD30,000 - below HKD50,000 HKD500
    HKD10,000 - below HKD30,000 HKD300
    The period of upgraded to Preferred Banking Cash Reward Credit Date
    1 July 2023 to 30 September 2023 On or before 31 January 2024
    1 October 2023 to 31 December 2023 On or before 30 April 2024
  9. The Designated Payroll Amount of Eligible Payroll Customer will be calculated by the Bank based on the monthly payroll records of Eligible Payroll Customer’s Payroll Account received by autopay made through the employer company’s account over the Designated Payroll Period. If an Eligible Payroll Customer’s Payroll Account has more than one month with Eligible Payroll Record during the Designated Payroll Period, the Designated Payroll Amount will be taken by aggregating all monthly payroll amounts of the Eligible Payroll Records and divided by the number of the months with Eligible Payroll Records. All payroll record including the payroll amount and the number of payroll transactions are subject to the Bank’s records. In case of any dispute, the decision of the Bank shall be final.

  10. New Fund Deposit Reward under Get Paid, Get Rebate – Up to HKD300 Cash Reward

  11. Eligible Payroll Customers who deposit new funds in the CNY Savings/Current Deposit Account during the designated period and meet the requirement of deposits incremental amount as stipulated in the below table (“Eligible Incremental Amount”) ,can enjoy the relevant Cash Reward (“Eligible Payroll Customers of New Fund Deposit Reward”):
    The period of upgraded to Preferred Banking Baseline Date for Eligible Incremental Amount
    (“Baseline Date”)
    Comparison Date for Eligible Incremental Amount
    (“Comparison Date”)
    Cash Reward Credit Date
    (“Designated Period”)
    1 July 2023 to 30 September 2023 30 June 2023 30 November 2023 On or before 31 January 2024
    1 October 2023 to 31 December 2023 30 September 2023 29 February 2024 On or before 30 April 2024
  12. Eligible Incremental Amount refers to the positive net growth amount of the Eligible Payroll Customer of New Fund Deposit Reward ’s combined total deposit balance of sole-named CNY Savings/Current Deposit Account (“Total CNY Deposit Balance”) from the Baseline Date to the Comparison Date as mentioned in the above table. For Eligible Payroll Customers of New Fund Deposit Reward who did not hold any CNY account with the bank on the Baseline Date, his/ her “Total CNY Deposit Balance” on the Baseline Date will be treated as zero. All the related account deposit balances shall be based on the records of the Bank which shall prevail.
  13. Each Eligible Payroll Customer of New Fund Deposit Reward is entitled to Cash Reward once only.

Shop More to Earn

    Designated Banking Services Rewards
    Successfully apply for Hang Seng MMPOWER World Mastercard® or University / College Affinity Credit Card and fulfill designated spending requirement Up to $700 +FUN Dollars / 10 MCL Movie Tickets
  1. For Shop More to Earn with Hang Seng MMPOWER World Mastercard, the promotion period is from now to 31 December 2023. Customers who have successfully applied for Hang Seng MMPOWER World Mastercard on or before 31 January 2024 and fulfilled the designated spending requirements of welcome offer are entitled to up to $700 +FUN Dollars or 10 MCL Movie Tickets. For details, please visit .
  2. For Shop More to Earn with Hang Seng University / College Affinity Credit Card, the promotion period is from now to 31 December 2023. Customers who have successfully applied for University/College Affinity Credit Card on or before 31 January 2024 and fulfilled the designated spending requirements of welcome offer are entitled to up to $600 +FUN Dollars. For details, please visit .
  3. For Shop More to Earn, when customer achieve the designated spending requirement, the Bank will credit the relevant +FUN Dollars to the relevant principal card account of the Eligible Customers on or before 30 June 2024. The Preferred Banking of Eligible Customers must remain valid, and the relevant credit card account must be still valid and in good standing when the +FUN Dollars are granted.

For any enquiries about Preferred Banking Account Opening Reward entitlement, eligible customer should contact the Bank on or before 31 December 2024, otherwise the customer shall be deemed to have forfeited the entitlement, if any, for the Reward and the Bank accepts no responsibility or liability under such circumstances.

Terms and Conditions of other Rewards and Privileges:

  1. MMPOWER World Mastercard Everyday +FUN Dollars
    The promotion period is from now to 31 December 2023, you can get 5% +FUN Dollars rebates in your selected spending categories by successfully registering for “MMPOWER World Mastercard Everyday +FUN Dollars". Terms and conditions apply, please visit hangseng.com/mpower.
  2. 2.4% +FUN Dollars Rebate Offer for Tuition Fee Payment
    The promotion period is from now to 31 Decemeber 2023. Customers have to register for " 2.4% +FUN Dollars Rebate Offer for Tuition Fee Payment " to enjoy 2.4% +FUN Dollars Rebate Reward. Terms and conditions apply, for details, please visit hangseng.com/aupromo

Other Important Risk Warnings

RMB Currency risk

Renminbi ("RMB") is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that the customer subsequently converts RMB into another currency (including Hong Kong Dollars).
Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.

Foreign Currency Risk

Foreign Exchange involves Exchange Rate Risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts HKD to foreign currency or vice versa, and/or in the event that the customer converts a foreign currency time deposit to HKD upon maturity.

Important notes and disclaimer

Investors should not only base on this material alone to make any investment decision, but should read in detail in the relevant risk disclosure statements. The information contained herein is for general information and reference purposes only and is not intended to provide professional investment or other advice. It is not intended to form the basis of any investment decision. You should not make any investment decision based solely on the information and services provided herein. Before making any investment decision, you should take into account your own circumstances including but not limited to your financial situation, investment experience and investment objectives, and should understand the nature, terms and risks of the relevant investment product. You should obtain appropriate professional advice where necessary.

Information Disclosure

The above information is intended as a general summary of information and is for reference only. Please refer to the relevant leaflet or factsheet for exact contents, product risk, credit risk, terms, conditions and exclusions of the relevant Life Insurance Plan, and the policy of the relevant Life Insurance Plan shall be considered as final.


The above Life Insurance Plan is underwritten by Hang Seng Insurance Company Limited. Hang Seng Insurance Company Limited is authorized and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank is an insurance agent authorised by Hang Seng Insurance Company Limited and the insurance products are products of Hang Seng Insurance Company Limited but not Hang Seng Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Hang Seng Bank and you out of the selling process or processing of the related insurance product transaction, Hang Seng Bank will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance products should be resolved between Hang Seng Insurance Company Limited and you directly.


If you surrender the Policy after the expiry of the cooling-off period, the surrender proceeds to be received may be significantly less than the Total Premiums Paid. Please refer to the illustration summary of this Plan for the projected surrender values. All details regarding policy surrender should be referred to the relevant policy provisions.