Hang Seng Bank introduced the new PayDay+, offering an exceptional Hong Kong Dollar ('HKD') savings rate of up to 6% p.a. for customers who transfer their payroll accounts to the Bank. This exclusive service is further enhanced with special offers in travel, insurance, and investment for both customers who are new to the Bank's payroll accounts and existing customers, tailored to meet the diverse needs of hardworking individuals. In an effort to better understand the lifestyle and financial habits of employed individuals in Hong Kong, Hang Seng surveyed nearly 500 working population aged 18-65. The survey revealed that almost 90% of respondents prioritise fund flexibility when seeking deposit benefits, and nearly 80% prefer flexible deposit options over higher-return, locked-in investment schemes.

Additionally, most respondents are drawn to payroll accounts that offer higher savings rates, cash incentives, or other rewards. In response to these customer demands, Hang Seng has launched PayDay+, designed to cater to customers' needs by providing a comprehensive range of banking and wealth management services with payroll services. During the promotion period, customers who successfully switch to Hang Seng for payroll services can enjoy up to 6% p.a. HKD savings rate.

Additionally, they will have access to a range of benefits including extra rewards on credit cards, cash rebate on personal loan, and HKD 1 for Travelsure Protection Plan 8-Day Single Trip Cover. Special offers on the eIncomePro Deferred Annuity Plan are also available. Furthermore, they can take advantage of a SimplyFund Account with a $0 monthly account fee, along with a cash reward offer for stock buy trades for new securities customers.

With the increasing demand for overseas travel, Hang Seng customers can exchange Japanese Yen or Euro at the "Bank's Cost Price" through the Hang Seng Mobile App or Hang Seng Personal e-Banking from now until 31 May 2024. Hang Seng also provides the largest number of foreign currency ATMs in Hong Kong, offering up to 12 different currencies for convenient cash withdrawals before travel. Additionally, when travelling in Thailand, Hang Seng customers can use the Hang Seng Mobile App to scan PromptPay QR codes at local merchants, making instant payments through the Faster Payment System (FPS) at real-time exchange rates.

Hang Seng is committed to enhancing customer security. The Bank has upgraded the "Settings and Security" interface on the Hang Seng Mobile App, allowing customers to easily manage security options for their accounts and credit cards at a glance. Furthermore, Hang Seng is providing customers with an AutoSweeping service, which helps prevent unnecessary overdraft risks and ensuring smooth processing of transfer instructions and issued cheques.

This service involves no interest or handling fees.  Soon, the company will increase the upper limit for the AutoSweeping service to HKD 100,000, offering greater ease and flexibility for its customers.