Mox Bank is one of Hong Kong's pioneering virtual banks, established jointly by Standard Chartered Bank, PCCW, HKT, and Trip.com, and officially launched its services in September 2020. As a member of the Hong Kong Deposit Protection Scheme, Mox Bank offers deposit protection up to HKD 500,000 for customers.

Key Banking Services Offered by Mox Bank

Deposit Services

• • Current Account: Mox Bank's current accounts offer a base interest rate of 1.5% annually, with the potential to unlock up to 3% annually through specific tasks. Customers also benefit from free cash withdrawals at Hong Kong JETCO ATMs, ensuring convenient and efficient cash management.
  • Fixed Deposit Account: Supporting HKD fixed deposits with promotional annual interest rates up to 3.3% for new funds. Mox Bank provides immediate interest crediting options, allowing customers flexibility in managing their funds.
  • Foreign Currency Accounts: Mox Bank supports deposits in major currencies including AUD, CAD, CNY, EUR, GBP, JPY, NZD, SGD, and USD. Standard foreign currency rates start at 0.01% annually, with USD deposits up to USD 300,000 eligible for a promotional rate of 1.5% annually.

Investment Services

Mox Bank offers a wide range of investment options such as funds, Hong Kong stocks, and US stocks. Clients can trade with low commissions and enjoy efficient execution.

Additionally, Mox Bank supports fractional share trading in US stocks, enabling diversification of investment portfolios with smaller amounts.

Other Services

• • International Transfers: Mox Bank provides efficient international transfer services through the Wise platform, offering competitive market rates and low fees for multi-currency transactions. This service ensures fast and secure global fund transfers.
  • Mox Card: As a globally accepted Mastercard debit card, Mox Card offers up to 3% unlimited cashback on purchases, enhancing customer spending experiences and financial returns.

Detailed Account Opening Process at Mox Bank

• Opening Requirements: To open an account with Mox Bank, clients must possess a valid Hong Kong identity card (including permanent and non-permanent residents), maintain a valid Hong Kong residential and mailing address, and be aged 18 or above. The account opening process is completed through the Mox Bank mobile app, ensuring a seamless and efficient user experience.

• Account Opening Procedure: Prospective clients can download the latest version of the Mox App, fill in personal details, undergo identity verification, and provide necessary tax information. Setting a secure password is required to safeguard account security. Upon submission and approval of the application, clients receive their account and debit card numbers promptly, enabling immediate access to Mox Bank's diverse financial services.

• Account Opening Fees: Opening an account with Mox Bank incurs no minimum deposit requirements or monthly fees. Additionally, annual fees for debit cards are waived, offering cost-effective financial management solutions to clients.

Through Mox Bank, clients not only benefit from competitive deposit rates and cost-effective financial services but also have access to a wide range of investment opportunities and efficient global fund management solutions. As a leading virtual bank in Hong Kong, Mox Bank is committed to providing innovative financial solutions that empower clients to achieve their financial goals and lifestyle aspirations.