The Brand-New Choice – Biz Virtual+ Account:

The new Biz Virtual+ Account offers you a wide range of benefits:

Notes:

1. Free online payroll services include waivers on transactions fees and payment codes set up for less than 10 2^nd party fee.


2. The Bank reserves the right to change the above foreign exchange rate offers at any time. Before making the relevant transaction, please check with our staff for the effective exchange rate applicable to the transaction.


3. Customer is required to apply for Hang Seng Business e-Banking separately, please contact our staff for details. The Maximum Daily Limit(s) under Hang Seng Business e-Banking either Fund Transfer to Designated Beneficiary Accounts or Fund Transfer to Non-Designated Beneficiary Accounts should not be over HK$200,000 each.


4. Customer is required to apply services separately, please contact our staff for details.


5. For eligible customer(s), the Biz Virtual+ Account can be opened in as fast as 3 business days upon performing e-Sign by customer. Customer(s) will receive a SMS notification for e-Sign after the: (1) satisfactory review of the documents submitted, (2) successful completion of digital ID verification and (3) completion of Know Your Customer (“KYC”) call(s). For customers requiring a face-to-face appointment at Business Banking Center(s) (if applicable), an appointment will be arranged based on the latest availability.

We offer you different account services to suit your business needs:

Account Status	Biz Virtual+ Account	Integrated Business Solutions Account
Business Model	Startups and Local SMEs1	SMEs and Well-established Corporates
Shortest Time for Account Opening	Opened in as fast as 3 business days (Remote Account Opening Application)	Opened in as fast as 5 business days (Remote Account Opening Application)
Monthly Fee	Waived for the first 12 months. From the 13th month, waived if Total Relationship Balance2 is HKD50,000 equivalent or above	Waived if Total Relationship Balance2 is HKD100,000 equivalent or above
Payment Services Privilege	Enjoy preferential pricing on Faster Payment System (FPS) payments3	Enjoy preferential pricing on Cheque Book Issuance Fee4
Services & Fees	Smart Banking Solution with digital convenience and physical support [Not available for Trade Service (except Bank Guarantee service)] Know more about service fees	Comprehensive Banking Solutions to meet your sophisticated business needs Know more about product features and service fees

Notes:

1. Application Requirements: (i) All connected parties of the Customer such as directors, shareholders and authorized signers shall be as HKID cardholder(s), with single layer ownership. Place of incorporation, registered address, business address and correspondence address should all be in Hong Kong; (ii)The Customer’s annual sales turnover meets with Hang Seng’s designated level; (iii)The Customer is required to apply for Hang Seng Business e-Banking separately. The Maximum Daily Limit(s) under Hang Seng Business e-Banking either Fund Transfer to Designated Beneficiary Accounts or Fund Transfer to Non-Designated Beneficiary Accounts should not be over HKD200,000 each; and (iv) The Customer acknowledges that Trade Service (except Bank Guarantee service) will not be available. 
   


2. 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 loan), trade finance (applicable for Integrated Business Solutions Account) and Hang Seng MPF Balance and the premium paid for the designated general insurance plans distributed by Hang Seng Bank as an agent for that month.


3. Enjoy a half waiver on service charge for Biz Virtual+ Account on Outward Transactions Payment via Faster Payment System. Service charge of HKD5 per transaction for payment amount HKD100,000 above - HKD1,000,000. HKD2.5 per transaction for payment amount HKD100,000 equivalent or below.  RMB charges only apply to RMB transactions.


4. Cheque Book Issuance Fee for Biz Virtual+ Account is HKD100 per cheque book, while Integrated Business Solutions Account enjoys preferential pricing of HKD50 per cheque book.

*To borrow or not to borrow? Borrow only if you can repay!

Risk Disclosure

Investors should note that all investment involves risks. Prices of investment products may go up as well as down and may even become valueless. Investors should read in detail the offering documents and the Risk Disclosure Statement of the relevant investment products before making any investment decision. Capital Protected Investment Deposit and MaxiInterest Investment Deposit are not protected deposits and are not protected by the Deposit Protection Scheme in Hong Kong.

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.

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.