Switch Time Deposits Tracks and Enjoy Global Remittances! Higher Interest, More Convenience!
Is the interest rate for HKD time deposits not high enough? Probably many people would consider switching to USD time deposits but may worry about the inconvenience of USD remittances and the high fees when transferring to other banks. 😕
🙂↔️Don't worry! WeLab Bank is now offering a 2-month high-interest USD time deposit including bonus rate up to 4.8%p.a., in addition to a 1.5%p.a. for USD savings. Plus, there are a waiver of USD remittance transaction fees for global remittances!
Enjoy high interest while having zero fees—now that's a real win-win🤩. This opportunity is waiting for you; switch to high interest now!
💰Offer 1️⃣：Up to 4.8% p.a. 2-month USD Foreign Exchange Time Deposit*
📅Promotion Period: February 11, 2025 to March 31, 2025
🎁Customers who convert HKD to USD and place 2-month USD GoSave 2.0 time deposit can earn an extra bonus interest rate of 1.3% p.a. in addition to the prevailing time deposit interest rate of 3.5% p.a.*
*Terms and conditions apply, please click here for promotion details. The prevailing time deposit interest rate set out above is for reference only and is not guaranteed. It is subject to change from time to time and at WeLab bank’s sole and absolute discretion. For the latest interest rates, please visit the WeLab Bank app or the website.
💰Offer 2️⃣：Global Remittance fees waiver#
📅Promotion Period: January 6, 2025 to February 28, 2025
🎁Successfully complete a Global Remit transaction within the promotion period shall be entitled to a waiver of Outward Remittance General fees of USD $3 (or HKD equivalent)# imposed by the Bank.
🔗Check out Guide for Global Remittance here 📲.
#Terms and conditions apply, please click here for promotion details. Offer1️⃣ in this terms and conditions has ended, please refer to this link for the latest terms and conditions of Offer1️⃣.
How to conduct USD FX Transactions?
Simply follow the steps below:
Log in WeLab Bank App, go to “Transfer” and enter “Foreign exchange”
Convert HKD from your HKD Core Account with real time FX rates to USD, the converted USD will be funded into your USD Account.
How to set up USD GoSave2.0 Time Deposit?
Simply follow the steps below:
Log in WeLab Bank App, go to “Time Deposit” and select “USD Time Deposit”
Exchange foreign currency to your WeLab Bank USD account now and earn high interest on USD deposits with ease!
Terms and Conditions
The current prevailing interest rate for U.S. Dollar Core Account is 1.50%. 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.
Please refer to the actual fee quote displayed on the transaction page for the applicable fee of your transaction. For the avoidance of doubt, the Fee Waiver does not apply to Global Remit transactions in which you choose the handling fee option of “You will pay all handling fees”. For the avoidance of doubt, the Waiver only applies to Outward Remittance General fees which are charged by the Bank for a Global Remit transaction. At all times, the Bank shall not be responsible for any charges and expenses levied by the beneficiary bank and any intermediary bank in connection with the Global Remit transaction.
Disclaimers
Foreign exchange markets are subject to unpredictable fluctuations. If you choose to convert your HKD or foreign currency deposit to other currencies, such foreign exchange transactions will be subject to risk arising from exchange rates fluctuation. As a result, you may suffer losses. The information above is not and does not constitute or form part of any offer, recommendation, invitation or solicitation to subscribe to or to enter into any transaction.