Smart Kid Savings Account
Grow up and witness
the future together
Smart Kid Savings Account includes the choice of HKD/RMB, accompanying children
in developing saving habits from a young age.
in developing saving habits from a young age.
Features
Dual Currency Option
Smart kid savings account is
a sole-name HKD/RMB Passbook/Statement Savings Account
Easy Financial Management
Your child can check the account balance at designated
ATM machines to nourish
good saving habit
Opening Required Documents
- Your identity proof
- Your kids’ proof of identity
Please click here to read Smart Kid Savings Account Opening Terms and Conditions.
Risk Disclosure
RMB Currency RiskRMB is currently not freely convertible and is subject to exchange controls and restrictions (which are subject to changes from time to time without notice). You should consider and understand the possible impact on your liquidity of RMB funds in advance. The fluctuation in the exchange rate of RMB may result in losses in the event that you convert RMB into other currencies. Onshore RMB and offshore RMB are traded in different and separate markets operating under different regulations and independent liquidity pool with different exchange rates. Their exchange rate movements may deviate significantly from each other.
Currency Exchange
Currency exchange involves bid-ask spread.
Exchange Rate Risk
Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market force may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and price linked to such rates, may rise or fall rapidly. The fluctuations in the exchange rate of a foreign currency may result in losses in the event that you convert HKD to any foreign currency or vice versa.
