General Terms and Conditions:

  1. The promotion period is from 1 July to 31 December 2023, both dates inclusive (the “Promotion Period”).
  2. Hang Seng reserves the right to suspend, vary or terminate this promotion and any relevant offer and to amend the relevant terms and conditions at any time without prior notice.
  3. Hang Seng reserves the right of final decision on the eligibility of any customer for the relevant offer(s).
  4. No person other than the customer and Hang Seng (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 provisions 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.
  7. In the case of any disputes, Hang Seng reserves the right of final decision on all matters relating to this promotion and any relevant offer(s), which shall be binding on all the parties concerned.
  8. In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.

Biz Virtual+ Account Administrative Fee Waiver and first 12 months Monthly Fee Waiver (HKD 2,400) Terms and Conditions:

  1. InnoClub members who successfully opened an Biz Virtual+ Account during the Promotion Period will be entitled to administrative fee waiver and a monthly service fee waiver for the first 12 months starting from the month of successful account opening.
  2. When the monthly service fee waiver for the first 12 months ends, the monthly service fee of the Biz Virtual+ Account is HKD200. If the Total Relationship Balance of an InnoClub members’ Biz Virtual+ Account is equivalent to HKD50,000 or above, the monthly service fee will be waived. The Total Relationship Balance is the monthly aggregate balance of the daily average of customer’s deposits, gold accounts, securities, investment funds, utilized overdraft facilities, credit card cash advances and the outstanding balance of loans (except mortgage loans), trade finance and Hang Seng MPF Balance and the premiums paid for that month for designated general insurance plans distributed by Hang Seng as an agent.

Zero Handling Fee for "FPS"

  1. Starting from the month that InnoClub members who successfully open a Biz Virtual+ Account, InnoClub members can enjoy zero handling fee for all payments processed via FPS for the first 6 months (“Payment Offer Validity Period”).
    Transfers via FPS within Promotion Period Service Charge (per count) Service Charge within "Payment Offer Validity Period" (per count)
    Outward payments Waived
    HKD100,000 or below
    HKD100,000 above - HKD1,000,000
    CNY100,000 or below
    CNY100,000 above - CNY1,000,000    		 HKD2.5
    HKD5
    CNY2.5
    CNY5
    Inward payments Waived
    Real time direct debit HKD0.5（HSBC Group）
    HKD1（Other local banks）

Handling fee waiver for FPS QR code collection

  1. Starting from the month that InnoClub members who successfully open an Biz Virtual+ Account, InnoClub members can enjoy handling fee waiver for all payments proceed via FPS QR code collection for the first 6 months.

Terms and Conditions for free payroll services.

  1. Free payroll services are only applicable to HKD Payroll Services, offer includes waivers on registration fee, annual fee and transaction fee of “Hang Seng autoPay Service” and charges on first set-up with fewer than ten second parties.