WeLab Bank - HK Digital Bank

Open a bank account in just 5 minutes with GOSAVE 2.0 TIME DEPOSIT. This innovative app offers groundbreaking time deposit interest rates and a "Digital Wealth Advisory" feature that allows you to diversify your investments without any subscription fees. With various tenors and currencies available, you can start investing with as little as $10 in your preferred currency.

In addition to time deposits, the app also offers a foreign exchange service with 11 different currencies. You can make instant, free, and 24/7 transfers through FPS, as well as use FPS QR codes to settle bills and make merchant payments. The app also offers USD local transfers (CHATS) and multi-currency Global Remit services.

For those interested in investing, the app features a list of funds from global fund houses. These funds are categorized into different themes and are for reference only, not constituting any investment advice or recommendation. As with any investment, there are risks involved.

The app also offers an "All-in-One Card" that includes a virtual and physical WeLab Global Wallet Debit Card. This card allows you to spend wherever and whenever you like, making it convenient and easy to manage your finances.

For those in need of a personal loan, WeLab Bank offers an exclusive "Loan Masters" feature. This self-developed system provides personalized loan advice based on your unique requirements and financial situation. The annualized percentage rate (APR) for these loans can be as low as 1.68%, with loan amounts ranging from HKD 10,000 to HKD 1,500,000 and repayment periods of 6 to 72 months.

WeLab Bank Limited is a member of the Deposit Protection Scheme in Hong Kong, providing protection for eligible deposits up to HKD 800,000 per depositor. However, it is important to borrow responsibly and only if you are able to repay the loan. The app and its services are subject to terms and conditions, which can be found on their website.

Please note that the app and its services may not be available or appropriate in all jurisdictions. By using the app and applying for any products or services, you confirm that you are in compliance with local laws and regulations. The app does not solicit services from individuals who are not permitted to engage in banking or lending activities under applicable laws. The address for WeLab Bank Limited is Level 23, K11 ATELIER, 728 King's Rd, Quarry Bay, Hong Kong.