Important Notes:
ZA Life Limited (with business name as ‘ZA Insure’) and Generali Life (Hong Kong) Limited (“Generali”) are authorized and regulated by Insurance Authority of the Hong Kong SAR.ZA Bank Limited (‘ZA Bank’) is a licensed insurance agency (license number GA1009) authorized by ZA Insure and Generali.All the above insurance products are not products of ZA Bank, bank deposits or bank savings plans.
Important risk statement:
Investment involves risks. The price of stocks may fluctuate or even become worthless. Past performance is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. The information in this platform is for reference only and does not constitute and should not be regarded as any recommendation, offer or solicitation to purchase or sell any investment products. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with risk disclosure statements before making any investment decisions. In respect of eligible dispute (as defined in the terms of reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) out of the selling process or processing of the related transaction, ZA Bank will enter a Financial Dispute Resolution Scheme process with you. The platform is not intended for distribution or use by any person in any jurisdiction, country or region where the distribution or use of this material is restricted and would not be permitted by law or regulation. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services available in the country or region where you are located or resident.
1. To cater to everyone's financial needs, such as spending and wealth management, ZA Bank is offering exclusive banking services in Hong Kong.
2. The time needed for account opening is subject to actual circumstances. In general, provided that no extra information is required, an user can open an account in as fast as 2 minutes.
3. Data is as of 31 August 2023.
+ Data is as of 31 December 2023.
^^^ZA Bank was recognised as the "Best Neo Bank - Hong Kong" in 2022 by International Finance, a premium business and finance magazine published by UK’s International Finance Publications Limited. For more information, please visit https://awards.internationalfinance.com/.
4.“Stock PowerDraw” Promotion (“Promotion”) is valid from 1 May 2024 to 31 December 2024, both dates inclusive (“Promotion Period”). Participants who complete a purchase transaction in US stocks during the Promotion Period will receive one “Stock PowerDraw” chance. Participants must have the ZA Bank App with version 3.3.7 or above in order to eligible for the "Stock PowerDraw" chance. In each “Stock PowerDraw” chance, Participants can only receive rewards in the form of “Designated Stock Redemption Vouchers”, which can be redeemed for stocks ranked in the top 100 by market value in the US stock market.
Terms and conditions apply.
5. The insurance products are underwritten by ZA Life Limited (business name as ZA Insure).
6. From now until 31 Dec, each eligible spending transaction of no less than HKD 10 will be entitled to 1 PowerDraw Chance ("Chance"), and will not be entitled to other ZA Card rebate offers. All Chances are valid for 48 hours. Each Chance may give a rebate up to 200% of the transaction amount or other designated rewards. Probability of each reward is not evenly distributed. Rebate is in a form of ZA Coin. ZA Coin is a third-party reward scheme operated by ZA International Financial Services Limited. The rebate is capped at 1,000,000 ZA Coin (or HKD 10,000) per transaction.
Terms and conditions apply.
7. The Annualised Percentage Rate (‘APR’) of 1.80% is calculated based on an example, where the loan amount is HKD1,000,000, with repayment tenor of 12 months and monthly flat rate 0.081%. Please refer to the interest rate & monthly repayment table shown during loan application for the applicable monthly flat rate and APR of other tenors. The APR is calculated using the method specified in relevant guidelines issued by the Hong Kong Associations of Banks, and is rounded up or down to the nearest two decimal places. The APR is a reference rate, which includes the basic interest rates and other fees and charges (if applicable) of a product expressed as an annualised rate.
8. This approval result is preliminary. Users are required to submit proof documents before receiving the final result. The actual completion time varies across individuals. In general, provided that all required information is in order, a new-to-bank applicant can get the preliminary approval result by applying via ZA Bank website in as fast as 90 seconds. An existing bank user can get the preliminary approval result in as fast as 30 seconds from starting an application in “Loan” tab after logging into ZA Bank App. The final approved loan amount, interest rate and tenor may vary depending on the individual circumstances and the final assessment of the bank.
9. Salary FastPass is a revolving credit facility in nature. If you don't have enough balance in your ZA Bank for the auto-repayment on the 7th day after every ZA Payday, interest will be incurred. You may also choose to repay manually anytime to reduce the interest expense. Salary FastPass charge 0% for the first 7 days after ZA Payday every month and 30% annual interest rate ( 34.06% APR) for any outstanding amount afterwards. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks. The APR is a reference rate, which includes the basic interest rates and other fees and charges of a product, expressed as an annualised rate.
ZA Bank Account Opening Promotion. Terms and conditions apply. Learn more >
