Enjoy Cash Rewards and High Deposit Interest Rates for Account Opening and Fund In!
First of all, as our name suggests, we are a bank! WeLab Bank is a digital bank licensed by the Hong Kong Monetary Authority. But, we are not your typical bank. We've seamlessly integrated technology into our lives and are redefining how Hong Kong banks should serve you. We bring you a revolutionary banking experience for unprecedented convenience. Whether you are a HK resident or Mainland Chinese visitor, you can open an account online in just 5 minutes^ and effortlessly embark on your financial journey. Not only can you easily transfer funds for free to any local bank via FPS, but we also support cross-border inward remittances in HKD and USD. Fast, simple, convenient, safe, and offering high deposit rate—8% p.a. Time Deposits. Everything you desire in a banking experience is right here at WeLab Bank. Why look further when the perfect banking solution is at your fingertips?
No heading to a branch or queuing up, you can open a bank account online wherever and whenever you are. The account opening process is completely free and doesn’t have any minimum balance requirements. Your WeLab Bank Account comes with an integrated virtual debit card that is stored securely in the App. You can bind it with your mobile wallet and make transactions online immediately.
From now to 15 Jan 2025 (“Campaign Period”), new customers who successfully use the designated referral code to open a Core Account during the campaign period# and complete relevant tasks can enjoy cash rebate and amazing interest rate.
Reward 1 – HKD200 Fund In Reward:
Successfully open Core Account using the designated referral code within the Campaign period, and place Eligible Deposit of a minimum of HKD 2,000 into their Core Account within 21 days from the Date of Successful Core Account Opening, can enjoy HKD 200 cash reward1 .
Reward 2 - 2.5% p.a. Savings Offer:
Successfully open Core Account using the designated referral code within the Campaign period and met the Eligible Deposit requirement will enjoy an additional annual interest rate of 2.49%2 on their Hong Kong dollar Deposit Balance in the Core Account. The additional annual interest rate is capped at HKD 800,000 for the HKD Deposit Balance.
Reward 3 - 8% p.a. Time deposit Offer:
Set up a designated GoSave 2.0 within 30 days from the Core Account opening date within campaign period to enjoy HKD fixed deposit rate at 8% p.a.3 with 1-month tenor. Principal capped at HKD100,000.
Last but not least, don’t miss out on our Buddy Booster – Referral Reward Program. After opening your account at WeLab, invite your friends to open an Core Account and activate Investment Account and enjoy up to HKD 4,000 in cash reward**.
*Terms and conditions apply. Please refer here for program details of campaign period scheduled from 1 Nov, 2024 – 15 Jan, 2025.
Limited quota on a first come first served basis.
For the program details of the campaign scheduled 12 Sep – 31 Oct, 2024, please click here.
For the program details of the campaign scheduled 1 July to 15 Sep, 2024, please click here.
For the program details of the campaign scheduled 1 June to 30 June, 2024, please click here.
For the program details of the campaign scheduled 17 April to 31 May, 2024, please click here.
Log in to WeLab Bank App! Deposit & Invest Now, Rewards Later!
Remarks
^Actual time may vary depending on factors such as your connectivity, mobile phone and documents required.
#During the Campaign Period, new customers can only use one designated referral code when opening a Core Account and the designated referral code must be valid.
1 During the indicated period, new customers who successfully opened the Core Account using the designated referral code within the Campaign period, and place Eligible Deposit of a minimum of HKD 2,000 into their Core Account within 21 days from the Date of Successful Core Account Opening, can enjoy HKD200 cash reward. The Fund In Reward will be credited into your Core Account within 7 calendar days after the customer meet Eligible Deposit requirement in your Core Account.
2 During the Campaign Period, new customers who successfully opened the Core Account using the designated referral code within the Campaign period, and met the Eligible Deposit requirement will enjoy an additional annual interest rate of 2.49% on their Hong Kong dollar Deposit Balance in the Core Account. The additional annual interest rate is capped at HKD 800,000 for the HKD Deposit Balance. Our current prevailing interest rate for Hong Kong Dollar Core Account is 0.01%. It is for reference only and is subject to change from time to time and at the Bank’s sole and absolute discretion. The latest prevailing interest rate for your Core Account can be obtained from our website or WeLab Bank app. For the avoidance of doubt, the Total Entitled Annual Interest Rate of 2.50% will include your Hong Kong Dollar Core Account Current Prevailing Interest Rate.
3 During the Campaign Period, new customers who set up a designated GoSave 2.0 within 30 days from the Core Account opening date can enjoy fixed deposit at 8% p.a. with 1-month tenor. The maximum principal amount is capped at HKD100,000. Each new customer can only enjoy this offer once under this Campaign.
**From 1 Nov 2024 to 15 Jan 2025 (“Campaign Period”), Eligible Customer (“Referrer”) can enjoy up to HKD400 cash reward (“Referrer's Rewards”) for each successful friend referral if the Referrer has successfully referred a Referee (defined as below) to open a WeLab Bank Core Account and an Investment Account with Referrer's designated referral code (with "FP" prefix) and fulfil the following conditions within the indicated period (“Successful Referral”):
Referrer can enjoy HKD100 cash reward when a Referrer has successfully referred a Referee to open a WeLab Bank Core Account and an Investment Account with Referrer's designated referral code (with "FP" prefix) during the Campaign Period.
Referrer can enjoy HKD100 cash reward when Referee successfully open an WeLab Bank Investment Account during the Campaign Period.
Referrer can enjoy extra HKD200 cash reward when a Referee places accumulated deposit amount of HKD 10,000 or above into his/her Core Account within 30 days from the Date of Successful Core Account Opening or before 13 February 2025 (whichever is earlier) and maintain a minimum total balance of HKD 10,000 equivalent in any accounts of WeLab Bank for at least 90 consecutive days from the date on which the total balance of Core Account reaches HKD 10,000.
A Referrer can only enjoy a maximum of HKD4,000 in total as Referral Reward under this Campaign. Please Click Here for more details.
Disclaimers
This webpage is for information only and does not constitute any offer, solicitation, recommendation, comment or any guarantee to the purchase or sale of any investment products or services. The investment products or services mentioned in this webpage are not equivalent to, nor should it be treated as a substitute for, time deposit.
Investment involves risk. The price of an investment fund unit may go up as well as down and the investment funds may become valueless. Part of your investment may not be able to liquidate immediately under certain market situation. Please refer to our Wealth Management Services Terms (including relevant risk disclosures) and relevant fund offering documents for more details of our services as well as the nature and risks of the relevant products.
The investment decision is yours but you should not invest in these product(s) nor services unless the intermediary who sells them to you has explained to you that these products are suitable for you having regard to your financial situation, investment experience and investment objectives.
Before making any investment decisions, you should consider your own financial situation, investment objectives and experiences, risk acceptance and ability to understand the nature and risks of the relevant product(s).
If you have any inquiries on the nature and risks involved in this webpage, relevant product(s) and services, trading or investment funds, etc, you should seek advice from independent financial adviser.
The information contained on this Website should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction. If you are outside of Hong Kong, please inform yourself about and observe any relevant restrictions.
By proceeding with a purchase, you are representing and warranting that you are either resident in Hong Kong or the applicable laws and regulations of your jurisdiction allow you to access the information in this Website or our App and make the purchase.
This webpage is issued by WeLab Bank Limited. The contents of this webpage have not been reviewed by the Securities and Futures Commission in Hong Kong.
In case of any discrepancy between the English and the Chinese versions of this webpage, the English version shall prevail.