Compare all bank account types, account opening requirements, and application methods
Updated: 11 Sept 2025
Which bank account opening offer is best? Payroll or savings accounts? MoneyHero compares Hong Kong bank account opening offers, including those from Mox, DBS Treasure, Citigold, Hang Seng, Airwallex, and Standard Chartered. Whether you're looking for a payroll or savings account, you can earn generous cash rebates!
Why Trust MoneyHero
Product Name | Hot Reward Pick | MoneyHero Reward | Promo Code | Saving Account Rate | Welcome Offers | |||
|---|---|---|---|---|---|---|---|---|
 | Mox Account | HK$2,799 | MOXISFIVEMH | Up to6 % | HK$2,799 | |||
 | DBS Treasures | HK$57,500 | DBSMH | up to6 %* | up to HK$60,770 | |||
 | Citigold Account | - | HK$16,000 | - | Up to4.1 % | Up to HK$82,000 | ||
 | Hang Seng Preferred Banking Account | HK$2,900 | HS005 | Up to4.3 % p.a. preferential savings | Up to $2,900 rewards | |||
 | Airwallex Business Account | HK$400 | - | - | HK$400 | |||
 | Standard Chartered Priority Banking (Standard Chartered Cathay Mastercard - Priority Banking) | - | - | - | 1 % | HK$32,000 | ||
 | PAObank Mobile Account Opening & HKD Time Deposit | - | - | PAOBMH | Up to18 % | - |
Saving Account Rate
Up to 6 %Welocme Offers
HK$ 2,799Apply through MoneyHero and choose from 7 premium rewards (Actual Gift eligibility depends on the deposit amount provided in the terms and conditions):
You'll also receive the following welcome gift(s) directly from the provider:
Eligibility
Min. Opening Balance: HK$0
Key Features
Invest with Mox to unlock up to 3%p.a saving rate
-
Starting 1 May 2025, placing investment order(s) for eligible transactions of at least HKD25,000 (or equivalent) and boost your savings rate to 3% p.a. for that month!Eligible transactions include:
- Buy or Sell HK stocks;
- Buy or Sell US stocks;
- Buy or Sell ETFs;
- Net purchase of Mutual Funds/Core Portfolio
- Introducing the all-new Mox Credit "FLYWITHMOXMH" miles-earning code!
- Seamlessly earn an unbeatable HKD4 = 1 Asia Mile on all your spending with Mox Credit's Miles Rewards Scheme, so you can earn faster and fly sooner. Plus, enjoy 0% FX Fees, making every purchase count, whether at home or abroad!
- Break free from traditional credit card rewards scheme. With Mox Credit you can switch between CashBack and Miles Rewards scheme with ease, putting you in control of how you earn.
- 4 = 1:Enjoy HKD4 = 1 Mile on all spending
- Get 1 Asia Mile from spending as low as HKD4 on all purchases in any category by maintaining an eligible savings balance of HKD250,000 or above.
- 0: 0 Limits – Unlimited Miles, Unlimited Trips.
- There's no limits on the number of miles you can earn – spend more, earn more!
- 0% FX Fees: Same great rates at home and abroad!
- Enjoy 0% FX Fees on all transactions worldwide.
- Save effortlessly on overseas trips and online purchases.
- Want to earn CaskBack instead? You can switch your spending reward mode to “CashBack” via Mox app, and start earning “best-in-town” 2% unlimited CashBack on any spending!
With Mox Credit Credit, earn best-in-town unlimited CashBack everywhere
- Earn 3% unlimited CashBack at supermarkets in Hong Kong (including Donki, HKTVmall, Yata, Parknshop, Wellcome, AEON, etc.)
- Earn 2% unlimited CashBack (with an Eligible Balance of HKD250,000 or above)! Or earn 1% unlimited CashBack if otherwise
- Earn a total of up to 5% CashBack at selected daily merchants
- Want to earn Asia Miles instead? You can switch your spending reward mode to “Miles” via Mox app, and start earning “best-in-town” HKD4 / mile + 0% FX fees (for both overseas spending / online shopping)
First in Hong Kong! Earn interest upfront with cash or miles!
- Interest earnings are credited to you right away – and you can choose to receive interest in either cash or Asia Miles!
- Mox pays your interest the exact moment of your deposit and lets you choose to earn cash or miles. Earn interest upfront with cash or miles? It’s up to you.
Transfer flexibly with Mox Credit with no fees
- Starting 1 May 2023, Mox Credit allows you to effortlessly manage your monthly expenses by making transfers via FPS to pay bills or send money to loved ones
- Whether you need to transfer money to friends or family, set up designated payees to pay rent, tuition fees, or miscellaneous expenses, or purchasing goods and services, Mox Credit makes it easy for you.
- Enjoy an interest-free period of up to 56 days with just one click and you can even set up recurring payments to stay ahead of deadlines. If you exceed your personalised transfer limit, a handling fee of up to 2% will be applied. To keep track of your threshold and fees, you can easily check your Mox app
Mox Credit - Numberless All-in-One Bank Card
- Up to 56 days of interest-free
- Spend with Mox Credit: Enjoy 3% Unlimited CashBack at all supermarkets, includes: Donki, HKTVmall, YATA, PARKnSHOP, Wellcome, AEON etc
- No late payment fee
- One card for all purchases and cash withdrawal.
- No card number, expiry date or CVV on physical card. It is to reduce the risk of losing personal information and for added security benefits.
- Use the Mox app to lock/unlock your Mox Credit, update your daily limit, and set ATM PIN. Reduce the risk of fraud even if you lose your card.
- Use JETCO ATMs in Hong Kong for free.
Mox Exclusive Offer
- Discover discount offers, free gifts, unique experiences and more
- Please visit the Mox Official Website for the list of exclusive offers
Other things to note
- Mox Asia Miles Time Deposit Promotion Terms and Conditions and Mox Upfront Interest Time Deposit Promotion apply.
- These Time Deposit interest rates are subject to the rates quoted by the Bank from time to time. The actual interest rate will be confirmed upon time deposit set up. Interest rates are subject to review according to changes in market conditions from time to time. The Bank reserves the right to change the interest rate offers at any time without prior notice. Before making the relevant transaction, please check on Mox app for the interest rate offers applicable to the transaction. Please note that if you request for an early withdrawal, the upfront interest will be deducted from the time deposit principal amount.
- Earned CashBack will be deposited to your Mox Account directly. You no longer need to redeem points.
- Perpetual annual fee waiver
- Mox Credit terms and conditions and the Mox Credit Key Facts Statement apply.
-
“Best-in-town” refers to the comparison against 27 credit cards in Hong Kong regarding unlimited cash rebate as published on official website as of 8 March 2024.
-
Mox Credit Card delivers best-in-town rewards offer of its kind as it is the only credit card in Hong Kong that provides the combination of HKD4 spending for 1 Asia Miles for all spending categories, 0% foreign exchange fee, and no cap for these offers. Compared against 5 mileage-focused credit cards in Hong Kong as published on official websites as of 18 October 2024. Promotional rates are not included in the comparison.
- From 4 November 2024, if you have an Eligible Balance of HKD250,000 or more at the time you make an eligible Mox Credit Card transaction, you may earn Unlimited CashBack calculated at 2% on the amount of the eligible Mox Credit Card transaction. If you have an Eligible Balance of below HKD250,000 at the time you make an eligible Mox Credit Card transaction, you may earn Unlimited CashBack calculated at 1% on the amount of the eligible Mox Credit Card transaction.
- FX Fees refer to the Foreign Exchange Handling Fee and the Cross-Border Access Fee. 0% Foreign Currencies and Overseas Merchant Spending Fees Promotion Terms and Conditions apply (which can be found in the Mox app and/or on its website).
- Terms and conditions apply. To borrow or not to borrow! Only borrow if you can repay!
-
Savings rates are subject to review according to changes in market conditions from time to time. Mox's General Terms and Conditions and all schedules thereto apply. Please refer to the ‘legal documents’ section of our website. Our savings base rate is not applicable to any deposits held under a customer’s Time Deposit Account(s).
- Savings Base Rate Enhancement Promotion TnC apply. If the requirement is completed on the last day of the calendar month, you will not be credited any additional savings rate the next calendar day. Please see terms and conditions for details.
- Investment and Currency Exchange Transaction(s) involves risks. Mox Invest Terms and Conditions apply.
-
Important Notes:
-
Investment involves risks. The prices of securities (including any investment funds units constituting a portfolio) fluctuate, sometimes dramatically, and the worst case may result in loss of your entire investment amount. The performance and return of any investments are not guaranteed.
-
Past performance is not indicative of future performance. You should refer to the offering documentation of the product(s) for detailed information (including risk factors) prior to investing in the product(s).
- Crypto and Crypto-related products are highly complex products that carry a significant level of risk and may not be suitable for all investors.
- Derivatives products are different from conventional investments and may involve different risks. Derivatives products may not be suitable for all investors.
- You should consider your own investment objectives, investment experience, financial situation, and risk tolerance level and carefully read the Mox Invest Terms and Conditions (including relevant risk disclosures) before making any investment decision.
- If you have any queries on the nature and risks involved in the information displayed on this document and the relevant product(s) and services, you should seek advice from independent advisers, such as legal, tax, financial and accounting advisers.
- The information contained in this document is intended for Hong Kong residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any security in any jurisdiction where such activities would be unlawful pursuant to the laws of such jurisdiction. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services in the country or region you are located or resident in.
- The document does not constitute investment advice nor any offer, solicitation, recommendation or guarantee in respect of, or for the purpose of, the sale of any investment products or services.
- The contents of this document have been prepared without regard to the investment objectives, investment experience, financial situation, and risk tolerance level of any particular person or entity.
- This document provides summary level information only in respect of investments. Please refer to the Mox Invest Terms and Conditions (including relevant risk disclosures) for more details of our services as well as the offering documents for the nature and risks of the relevant products.
- This document is issued by Mox Bank Limited. The contents of this document have not been reviewed by the Securities and Futures Commission of Hong Kong.
- Mox Bank Limited is an authorized financial institution registered under the Securities and Futures Ordinance (CE number: BNO808).
- Important Disclaimer for Currency Exchange Transaction(s) (FX Transaction(s)) :
- If you exchange your money for CNY, NZD or JPY, you must exchange these currencies into Hong Kong dollars before you can transfer the proceeds out of your account.
- We do not offer local transfers of any currency other than Hong Kong dollars and United States dollars (including CNY or EUR).
- Currency exchange involves risks. You may incur losses arising as a result of carrying out currency exchanges on the Mox app (including as a result of exchange rate fluctuations). You acknowledge that you carry out currency conversions on the Mox app entirely for your own account and at your own risk.
-
- General Terms and Conditions (in particular, see Schedule 3 to the General Terms and Conditions) and Split Purchase Cash Rewards Promotion Terms and Conditions apply.
- Monthly Average Balance refers to the average of your HKD deposit balance on all calendar days in a calendar month.
- Terms and conditions apply.
- Mox disclaimer applies.
HKD Total Savings Interest Rate
up to 6 %*Welcome Offers
up to HK$ 60,770Apply through MoneyHero and choose from 7 premium rewards (Actual Gift eligibility depends on the deposit amount provided in the terms and conditions):
You'll also receive the following welcome gift(s) directly from the provider:
Eligibility
Min. Opening Balance: HK$1,000,000
Key Features
- Deposit eligible new funds to enjoy up to 6% Total Savings Interest Rate*
- Trade across 7 global markets (including HK, US and Japan stocks) with 0% brokerage fees and the newly launched stock investing WhatsApp chatbot, DBS EASY, making it easier for you to keep up with the markets
- 0% subscription fee for the online investment fund trade
- Open an account with the DBS digbank HK app in just around 10 minutes, complete the entire process on your mobile phone.
- Apply DBS UnionPay Diamond Debit Card for free: exchange 14 popular currencies effortlessly and spend later with no transaction fees
- DBS digibank HK app comes with equity scores assessed by DBS analysts based on 7 key assessment metrics.
- For details, please visit: https://bit.ly/3YVk4J1
- *Total Savings Interest Rate includes e$aver Interest Rate and Basic Savings Interest Rate. Basic Savings Interest Rate is subject to revision in light of prevailing market conditions. The Bank has the right to adjust the annual interest rate of the basic savings deposit according to the prevailing market conditions. The annual interest rate of the basic savings deposit is not guaranteed. The Bank reserves the right to adjust the annual interest rate of the basic savings deposit from time to time and at any time for any reason without prior notice or giving any reason. For the latest Hong Kong dollar basic savings deposit annual interest rate details, please refer to https://www.dbs.com.hk/personal/ratesfees-tiered.page .
USD 3 Month Time Deposit Rate
Up to 4.1 %Welcome Offers
Up to HK$ 82,000You'll also receive the following welcome gift(s) directly from the provider:
Eligibility
Min. Opening Balance: HK$1,500,000
Key Features
Account opening reward up to HK$82,000
Limited-time New fund offer
- New customer is required to open a Citigold account during the Promotion Period and fulfill designated requirements may enjoy up to HK$30,000 cash rebate.
- New customers who fund in the designated new funds amount specified below within 30 calendar days upon account opening can enjoy HK$2,000 cash rebate
| New Funds amount (HK$ or equivalent) | Cash Rebate (HK$) |
|---|---|
| ≥ HK$6,000,000 | HK$30,000 |
| ≥ HK$4,000,000 | HK$20,000 |
| ≥ HK$2,500,000 | HK$13,000 |
| ≥ HK$1,500,000 | HK$9,000 |
Investment offer
- New Citigold customer is required to fulfill “Designated Investment Product(s) Balance” may enjoy up to HK$42,000 cash rebate
- Transfer in designated investment product could be counted towards the required Designated Investment Balance Requirements in Investment Offer
| Designated Investment Product Balance of Investment Offer (HK$ or equivalent) | Cash Rebate (HK$) of Investment Offer |
|---|---|
| ≥ HK$5,000,000 | HK$42,000 |
| ≥ HK$3,000,000 | HK$25,000 |
| ≥ HK$1,500,000 | HK$12,000 |
| ≥ HK$1,000,000 | HK$5,000 |
| ≥ HK$500,000 | HK$3,000 |
Other Product Balance Offer
- New customers open a Citigold account during promotion and completion of actions in the below clause on or before May 31,2026 can enjoy up to HK$5,000 cash rebate:
-
Fulfill all the requirements stated in respective banking account’s New Funds Offer and sign the fund maintenance agreement; and
- Fulfill either one of the following actions during the date specified below and maintain the mortgage loan or designated insurance balance during the entire promotion and fulfillment period.
▪ Successfully draw down a mortgage loan from the Bank; OR
▪ Purchase AIA life insurance plan plans (including both basic plans and riders) through the Bank, with such plans being in-force status with the first-year premium amount of no less than HK$500,000 for Citigold
Engagement Offer
-
To be entitled to the Engagement Offer, a new customer is required to open a Citigold account during the Promotion Period and fulfill the following requirements:
- Fulfill the requirements stated in respective banking account's New Funds Offer and sign the Welcome Offer Gift Acknowledgement & Hold Fund Form; and
- Complete the below action items and maintain the status till the fulfillment period
- Complete Investment Risk Profile Questionnaire; and
- Activate debit card
Professional Investor sign-up offer
- New customers open a Citigold account and maintain any Designated Investment Product balance during Hold Designated Investment Product Balance Period can enjoy HK$2,000 cash rebate.
Time Deposit Offer
- Enjoy Preferential HKD Time Deposit rates of up to 2.4% p.a. USD Time Deposit rates of up to 4.1% p.a. and RMB Time Deposit rates of up to 1.3% p.a. for new Citigold customers. (until September 13, 2025)
Exclusive Time Deposit Offer for Credit Card Customers
-
Limited time offer! From now till Sep 30, 2025, Citi credit card customers+ to open a Citigold account successfully can enjoy extra 1% p.a. time deposit rate*!
- +Citi credit card customers refer to customers who are the primary cardholder of an approved and valid Citi credit card as of October 31, 2025 and the application of Citi credit card submitted on or before banking account opening date.
- *The offer is applicable to 3-month HKD, USD, and RMB time deposits with new fund
Customer Support
- 24-hour Citigold Hotline
- Citi Live Chat: supports text/audio/video chat
Terms and conditions apply. All info and offers are subjected to Citibank's official website.
Fees You Need to Know
- Service Fee: HK$300
- Paper Statement Fee: HK$300 (Average Daily Relationship Balance of HK$1,500,000: Waived)
- Account closed by customer within 6 months from the date of opening: HK$500
- ATM Card Annual Fee: Free
All offers are not applicable to the following customers:
- existing banking clients of Citibank (Hong Kong) Limited and / or Citibank, N. A. (Citibank, N.A., organized under the laws of U.S.A. with limited liability) (collectively, “the Bank”) ; OR
- clients who had a banking relationship with the Bank during the previous 12 months prior to the account opening month; OR
- clients who had a Citigold Private Client/Citigold banking relationship with the Bank during the previous 36 months prior to the account opening month.
HKD Savings Rate
Up to 4.3 % p.a. preferential savingsWelcome Offers
Up to $ 2,900 rewardsApply through MoneyHero and choose from 1 premium rewards (Actual Gift eligibility depends on the deposit amount provided in the terms and conditions):
You'll also receive the following welcome gift(s) directly from the provider:
Eligibility
Min. Opening Balance: No minimum deposit requirement
Key Features
- Important fee:
- Fees You Need to Know
- Service Fee: Waived
- Paper Statement Fee: HK$60 on each account/Year
- ATM Card Annual Fee: Free
Features:
- One-stop security settings on Hang Seng Mobile App
- New "Settings & Security" interface provides you with security support
- Adjust various transfer limits anytime
- Manage various credit card security options easily
- Enhanced mobile app security measures to safeguard your account
Saving Account Rate
-Welcome Offrs
HK$ 400Apply through MoneyHero and choose from 2 premium rewards (Actual Gift eligibility depends on the deposit amount provided in the terms and conditions):
Eligibility
Free application for companies: HK$0
Key Features
Key Features of Airwallex Business Account
- Account opening made easy
- Customers can complete the Airwallex account opening process online without physically leaving Hong Kong or filling out a large number of documents. Compared to traditional banks, opening local currency accounts in Europe, the United States, Australia, the United Kingdom, and other places in Airwallex is much easier, which saves you much time in opening local and foreign currency accounts making it so much more efficient.
- Low transaction costs and real-time settlement
- Airwallex uses a high-speed global payment network to exchange foreign currency in real-time at interbank exchange rates, which is unaffected by weekends and public holidays. This allows merchants to enjoy attractive exchange rates with no sign up nor monthly fees. The service supports more than 26 foreign currencies, including US dollars, Euros, Australian dollars, and Pounds. Clients can transfer funds to more than 150+ countries and regions, and can conduct 100 foreign exchange transactions in one go.
- Improved efficiency
- Airwallex automatically synchronizes your multi-currency transactions to Xero, ensuring real-time updates of your company's accounts. In addition, Airwallex links your payment accounts to Amazon, eBay, Shopify, and PayPal, making management easier.
- Setting Up Employee’s Visa Cards Online
- Airwallex allows merchants to instantly issue Airwallex Visa cards for employees online, making it easy for employees to use Apple Pay to pay for the company's expenses. Merchants can also set restrictions on currency, spending limits, and accounts that can be used for payments. Through Airwallex's multi-currency Visa card, merchants can directly pay for expenses such as paying advertising costs in USD and SaaS online subscription service. In this way, merchants can save up to 90% fees on foreign exchange and overseas transactions. Earn up to 1.1% cash back on local and overseas transactions with the Airwallex Visa card.
Standard Chartered Priority Banking (Standard Chartered Cathay Mastercard - Priority Banking)
Promo Code:
-
Saving Account Rate
1 %Welcome Offers
HK$ 32,000You'll also receive the following welcome gift(s) directly from the provider:
Eligibility
Min. Opening Balance: HK$1,000,000
Key Features
- New clients can earn up to HKD32,000 cash rebate by signing up for Priority Banking
- Backed by our CIO team’s house views, myWealth is here to help conduct portfolio health check and re-evaluate your asset allocation — tailoring your portfolio to your needs.
- Our CIO team hand-picks funds based on market insights catering to diverse client needs and adjusts asset allocations accordingly. New clients can enjoy 0% online subscription fee for investment fund trades.
- Join the first-in-market FX membership program to enjoy exclusive rates and up to HKD18,888 cash rewards!
- New Clients sign up for Priority Banking via SC Mobile App to enjoy extra HKD500 cash rebate.
- Fees:
- Monthly service fee: HK$900 per quarter (to be waived if the average daily relationship balance in the past 3 months is HK$1,000,000)
- ATM Card annual fee: Free
- Lost/stolen ATM Card replacement: Free for Priority Banking Customers
- Withdrawal fee at local JETCO network: Free
- Withdrawal fee at overseas JETCO network: HK$28 per transaction
- Withdrawal fee at UnionPay network: HK$15 per transaction
- Account closure within 3 months since account opening: HK$200
Miles will be automatically credited to your Asia Miles membership accounts with no mileage conversion fee
- Up to HK$2 = 1 Asia Mile for eligible spending on Cathay and HK Express
- Eligible spending includes Cathay flight tickets, shopping and bookings with Cathay Holidays, and HK Express flight tickets and duty-free items.For every HK$8,000 accumulated eligible spending on Cathay and HK Express directly, cardholders can earn: Basic Miles: up to (A)2,000 (HK$4=(A)1 for eligible online spending, HK$6=(A)1 for eligible spending in other categories); and Extra Miles: (A)2,000. Thus, cardholders can earn up to a total of (A)4,000 – equivalent to HK$2=(A)1. Extra Miles offer is valid between 1 April 2024 and 31 December 2024.
- HK$4 = 1 Asia Mile for eligible spending on dining and overseas category
- HK$6 = 1 Asia Mile for eligible spending on other categories
- Hotel, Car Rental and Experience Awards;
- Dining awards or settle bill with miles; and
- Asia Miles Mileage Renewal fee, Mileage Transfer fee and purchase of Asia Miles Gift Miles.
- New clients can enjoy first-year annual fee waiver. Cardholders will enjoy an annual fee waiver on their Cards for a year (beginning from the respective anniversary of the issuance date of their Cards) if they are Priority Banking clients or Premium Banking clients meeting the relevant Minimum Relationship Balance requirement, or payroll account clients.
- Up to HK$2 = 1 Asia Mile for eligible spending on Cathay and HK Express
HKD 1 month time deposit rate
Up to 18 %You'll also receive the following welcome gift(s) directly from the provider:
Key Features
- Account Opening process
- Download the PAObank App from the App Store, Google Play, Huawei AppGallery or by scanning the QR code
- Click on "Open account" to start the account opening process
- Supports Hong Kong Identity Card or Mainland Resident Indentity Card
- Identity Verification→Enter Personal Information→Confirm Terms and Conditions
- Follow instruction to take selfie for biometric indentification
- Done
Savings Account
- Support HKD/USD/CNY, manage your savings flexibly and enjoy a preferential annual interest rate
- HKD/USD/CNY are all protected by the Deposit Protection Scheme, with a maximum coverage of HK$800,000
- Transfer funds from your account INSTANTLY at your fingertips
- Protect your savings with PAObank 'Money Safe' anti-fraud measures
Time Deposit
- Place your Time Deposit with a low threshold and easily enjoy stable interest returns
- Support HKD/USD/CNY, securing an exceptionally high annual interest rate
- Enjoy flexible fixed-term options from 1 to 12 months - designed to fit your financial needs
- 24 X 7 time deposits anytime, anywhere