Monthly Deposits Plan
Monthly Deposit Savings Plan – Club Deposit
- Monthly Deposit Savings Plan – Club Deposit allows you to choose from a wide range of currencies, contribution period, contribution amount and contribution cycle to suit your needs.
| Currencies | HKD | RMB | Designated Foreign Currencies* |
|---|---|---|---|
| Contribution Period | 12-60 months | 12 months | |
| Contribution Cycle | Every 1、2、3 or 6 month(s) | ||
| Minimum Contribution Amount per Time(Original Currencies) |
$500 | $100 | |
*Designated foreign currencies include USD, AUD, NZD, EUR, CAD and GBP
- Your contribution will be debited automatically from your designated account by autopay on every payment date without a hassle.
General Terms
The above products, services are subject to the relevant terms. For details, please refer to the relevant promotion materials or contact the staff of Bank of China (Hong Kong) Limited ("the Bank").
Risk of Foreign Currency Trading
Foreign currency investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of foreign currency may result in losses in the event that customer converts the foreign currency into Hong Kong dollar or other foreign currencies. Currency exchange is also subject to cost (being the spread between the buy and sell of relevant currencies).
RMB Conversion Limitation Risk
RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies. Currency exchange is also subject to cost (being the spread between the buy and sell of RMB). RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
