How to open a ZA Bank account? Click here to know more😎!

【ZA Bank】How to open a ZA Bank account? Click here to know more😎!

The World Bank predicts in its &ldquo;World Economic Outlook&rdquo;1 predicts a continued slowdown in global economic growth. Want to boost your interest income? Here are 3 easy and practical money-saving habits that your wallet will thank you for later!
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1. Separate spending and savings accounts
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Create two separate bank accounts: a savings account and a day-to-day expenses account. You can set up an automatic transfer from your payroll account to your savings account every month. A fixed amount, such as 10% of your income, is a good amount to consider. To ensure you don't dip into your savings, it&rsquo;s a good idea to keep the savings account card at home.
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By automating the process, you no longer have to worry about manually setting aside a fixed amount of money or forgetting to save! This will help you stay on track with your savings. 
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➡️ Create your Savings Pot, somewhere to save, not spend.
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2. Build passive income
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Passive income is revenue generated with little or no active participation. As the saying goes, &ldquo;There&rsquo;s no such thing as a free lunch.&rdquo; Passive income is generated by spending time and capital on different assets to produce returns. Among several options in the market, time deposit stands out as a lower-risk option that requires less capital and is less affected by the macroeconomic environment or market performance. It also allows you to get an estimated interest income. 
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➡️ Create your Savings Pot and complete four monthly challenges to get up to a 4% p.a. savings rate with flexibility and no minimum deposit requirement.
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3. Set feasible and specific savings goals
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Goal-Free Living author Stephen Shapiro pointed out that only 8% of people are able to achieve their set goals for the new year2. This means that over 90% of people fail to accomplish theirs. The reason for this is that most goals are not accompanied by specific plans, action steps, and vision blueprints!
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To increase your chances of achieving your goals, think of saving money as if you&rsquo;re playing a video game! Instead of directly challenging the boss level, focus on completing each level to build a sense of accomplishment. This method will help you become more motivated to continue pushing yourself. To begin with, when setting goals to save money, start by taking small and achievable steps. One way is to reduce the number of times you eat out each week. Small, consistent changes can lead to significant financial progress.
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In addition, you can visualise the savings goals you want to achieve. An experiment by behavioural economics professors Dilip Soman and Amar Cheema3 showed that people who posted a photo of their target on their savings envelope saved up to 20% more than those who did not!
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➡️ Personalise your Savings Pot and stay motivated!
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Let&rsquo;s say you have a savings goal of booking a flight to see the camels in North Africa. You can post a picture of camels in the Sahara Desert at sunset on your savings pot. This will help you visualise your goal instead of just looking at a bunch of numbers, making what seemed like a painful process more motivated and enjoyable to save money and filled with anticipation.
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As the Year of the Dragon begins, ZA Bank introduces Savings Pot, a tool to help you adopt the three habits mentioned above!
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What is Savings Pot?
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Savings Pot is your exclusive savings sub-account in ZA Bank, which is a simple way to put money aside and set it apart from your expenses. You can deposit or withdraw money instantly, no minimum deposit requirement and get up to a 4% savings rate.
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<div class="ipage_blog_static_html_content">⭐ Savings deposits in the sub-account are deposits qualified for protection by the Deposit Protection Scheme in Hong Kong.</div>
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How can I earn up to a 4% p.a. savings rate4?
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Create your Savings Pot now to enjoy +0.39% p.a.. Get +3.6% p.a. more by completing all four monthly challenges! With the 0.01% p.a. savings basic interest rate5, you can earn up to 4% p.a. in total6!
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<div class="ipage_blog_static_html_content">1️⃣ Add Money Challenge + 1.4% p.a.</div>
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Earn 1.4% p.a. by transferring HKD 20,000 cumulatively through Easy Deposit.
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<div class="ipage_blog_static_html_content">2️⃣ Spending Challenge +1.2% p.a.</div>
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Earn 1.2% p.a. by using your ZA Card to complete no less than HKD 3,000 of eligible transactions in total.
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<div class="ipage_blog_static_html_content">3️⃣ FX Challenge +0.5% p.a.</div>
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Earn 0.5% p.a. by exchanging currency in any currency with a total sell-out amount of HKD 20,000 (equiv.)
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<div class="ipage_blog_static_html_content">4️⃣ Payment Challenge +0.5% p.a.</div>
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Earn 0.5% p.a. by completing 2 QR code bill payments or credit card repayment transactions of no less than HKD 100 each.
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1. Source: <a href="https://www.imf.org/en/Publications/WEO">World Economic Outlook. (2024, January 29). IMF.</a>
2. Source: <a href="http://books.google.ie/books?id=jzhg0gnMQokC&amp;pg=PT122&amp;dq=Goal-Free+Living&amp;hl=&amp;cd=2&amp;source=gbs_api">Shapiro, S. M. (2010, December 3). Goal-Free Living. John Wiley &amp; Sons.</a>
3. Source: <a href="https://doi.org/10.1509/jmkr.45.6.665">Cheema, A., &amp; Soman, D. (2008, December). The Effect of Partitions on Controlling Consumption. Journal of Marketing Research, 45(6), 665&ndash;675.</a>
4. Your Savings Pot interest rate includes the basic interest rate + reward rate.
5. The basic interest rate means an HKD savings basic interest rate of 0.01%. The basic interest rate will be adjusted from time to time, and the latest interest rate information can be found on the ZA Bank official website bank.za.group.
6. The reward interest rate applies to a Savings Pot balance of HKD 500,000 or below, which is valid from the day of completing the challenge to the last day of the month. View details in the <a href="https://bank.za.group/agreement/html/en_US/1001613">Terms and Conditions</a>.

3 small habits to save up easily

Having trouble with <a style="color: #169179;" href="https://bank.za.group/en/transfer" target="_blank" rel="noopener">FPS transfers</a>? Don't panic! ZA Bank has got you covered. When you use the ZA Bank App to transfer money through FPS and the payment is successful, you&rsquo;ll automatically receive a notification to ensure that the transfer is completed smoothly. With this feature, you&rsquo;ll have the power to instantly confirm whether the recipient has successfully received the money or not, putting you in control of your FPS transfers!
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If you're having trouble receiving money through an FPS transfer, one solution is to check if your default bank for FPS matches the account you expect to receive payment with. In this article, you'll find step-by-step instructions on how to check your default receiving account for FPS transfers using the ZA Bank App. You can also easily change your default bank with the same app!
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<h2>Check Your Transfer Status</h2>
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Faster Payment System (FPS) is a payment system launched in 2018, with which bank users can transfer HKD or RMB instantly to the recipient&rsquo;s personal or business bank account by entering their phone number, email address, FPS ID, or scanning their QR code.
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Previously, when users transferred money via FPS from one local bank to another, FPS would notify the user its completion through the bank&rsquo;s system. However, there was a slight drawback, FPS would only send a confirmation notification when the payment was successfully sent out, but not when it was received. The lack of confirmation made it difficult for some users to quickly confirm whether payments have actually reached the recipient&rsquo;s account.
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With the latest update to FPS, this issue has finally been resolved! &nbsp;A confirmation notification will now be sent to the sender when the payment has successfully reached the recipient's account. With this feature, it's easy to confirm whether the payment has been received or not, so you no longer have to worry about the recipient not receiving the money when using FPS for transfers!
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If you transfer money through the ZA Bank App, you can easily check the transfer status by looking at the Activity on the App homepage. If the payment has been successfully received by the recipient's account through FPS, you&rsquo;ll receive the following notification:
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<h2>Check and Change Your Default Receiving Account in ZA Bank App</h2>
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What should you do if you&rsquo;re not receiving FPS transfers while the other party claims to have received a notification of successful payment to your default bank account? One simple method is to check your default receiving account for FPS transfers and verify whether the payment has been successfully credited to that account.
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Want to check your default receiving account for FPS transfers? There&rsquo;s no need to open every bank app, you can easily do so with the ZA Bank App! Here are the simple steps:
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On the homepage of the ZA Bank App, tap on your profile picture on the top left corner and select &ldquo;FPS &amp; Transfer Settings&rdquo;
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Select &ldquo;My FPS&rdquo; and you can check whether your mobile no., email address, FPS ID, or HKID is registered with FPS
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Tap on any of your registered FPS receiving methods, and you&rsquo;ll be able to view which bank account is currently set as your default receiving account. Meanwhile, you can also set ZA Bank as your default receiving bank with just one tap 
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<h2>Two Tips to Make Your FPS Transfers More Convenient!</h2>
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💡 If you have changed your phone number, it's important to notify the banks and stored value payment tools associated with your account to update your information. This helps avoid situations where the sender uses FPS to transfer money to you, but you can&rsquo;t receive it due to an invalid phone number.
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💡 Before transferring money to a friend via FPS, take the time to carefully verify their information to avoid sending money to the wrong person. If you're using&nbsp;FPS QR code&nbsp;for the transfer, be sure to check the recipient's information before proceeding with the transfer.
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<h2>Want to Experience the Brand-New and Convenient Way of Transferring Money? Open an Account with ZA Bank Now!</h2>
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ZA Bank&rsquo;s core brand spirit of &ldquo;Your future bank for now&rdquo; demonstrates our dedication to leverage the technologies of a <a style="color: #169179;" href="https://bank.za.group/en" target="_blank" rel="noopener">virtual bank</a> to respond to users&rsquo; needs, bring the future&rsquo;s banking experience to the people now.
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In the past, checking and changing the default receiving account for FPS transfers required switching between different bank apps. But now, with the ZA Bank App, you can do it all in one app.
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If you are not already a ZA Bank user, sign up now and enjoy a brand-new banking experience as Hong Kong&rsquo;s No.1 Virtual Bank1!&nbsp;
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<a style="background-color: #169179; color: #ffffff;" href="https://bank.za.group/en/account-open">Sign Up Now</a>
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1 &ldquo;No. 1 Virtual Bank&rdquo; refers to ZA Bank&rsquo;s leading position derived from the total number of users, deposits, assets and income as of 31 December 2022 among the eight licensed virtual banks that provides digital banking services (Source: Annual reports of eight virtual banks).

Can’t Receive Money Through FPS? Ways to Check Your Transfer Status and Default Bank

【ZA Bank】 Can’t Receive Money Through FPS? Ways to Check Your Transfer Status and Default Bank

Gained some weight while working from home? 😥 Don't worry! Let&rsquo;s workout from home with us! 🏃&zwj;♂️&nbsp; &nbsp; Starting from 14 Mar, we will invite professional instructors from PURE Fitness and PURE Yoga to guide you through a 30-minute simple workout on ZA's official IG (@zappy_alfie) every day! Follow along to shed weight and stress! 😉
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Schedule
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/549e5198-43b6-4363-937d-1f7764542ad3/350d8dda-33ee-4cf5-9d13-660bd970369c/PURE x ZA Bank schedule 1.png" alt="" width="1200" height="571" />
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/549e5198-43b6-4363-937d-1f7764542ad3/19cdb639-3fa6-4659-ae81-a6db830dd366/PURE x ZA Bank schedule 2.png" alt="" width="1200" height="571" />
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We have more gifts for you! ZA Bank presents you the exclusive offer with PURE Fitness and PURE Yoga so you can back to work out vibe after gym room reopens! 🏃&zwj;♂️&nbsp;
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🎁 Open account to get HKD 250*&nbsp;
Open ZA Bank account with invitation code "PUREZA" and spend with ZA Card within 14 days after successful account opening, you can get HKD 250 cash reward!&nbsp;
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🎁 ZA Card exclusive rewards^ 
ZA Bank customers exclusively enjoy the below offers with ZA Card before 30 April:
👉 Complimentary trial of PURECAST online fitness and yoga classes
- Waiver of joining fee
- Join 6-month contract &rarr; Get one bonus month&nbsp;
- Join 12-month contract &rarr; Get one bonus month PLUS 1-month complimentary upgrade to next tier package type&nbsp;&nbsp;&nbsp;
- Join 24-month contract &rarr; Get one bonus month PLUS 2-month complimentary upgrade to next tier package type&nbsp;
👉 Join All-Hong Kong Fitness &amp; Yoga contract:
- 6-month contract &rarr; Get one bonus month PLUS 1-month complimentary upgrade to All-Asia&nbsp;
- 12-month contract &rarr; Get one bonus month PLUS 3-month complimentary upgrade to All-Asia&nbsp;
- 24-month contract &rarr; Get one bonus month PLUS 6-month complimentary upgrade to All-Asia&nbsp;
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&nbsp;&lt;<a style="background-color: #fbeeb8;" href="https://form.pure-international.com/form.php?code=JP_ZABANK" target="_blank" rel="noopener">Act now</a>&gt;&nbsp;
You are now leaving our website and entering a third-party site.&nbsp;
All the information you provide will be subject to confidentiality and security terms of the applicable third-party site after accessing through this hyperlink.&nbsp;&nbsp;
ZA Bank Limited is not responsible or liable for the information you provide at such third-party sites.&nbsp;
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*Customer must have never opened ZA Bank account. To receive HKD 250 cash rewards, customer must successfully open an account with the invitation code &ldquo;PUREZA&rdquo; from March 14, 2022 to April 30, 2022, and complete a transaction with ZA Card within 14 days after successful account opening. Terms and conditions apply: https://bank.za.group/agreement/html/zh_HK/1000501.&nbsp;
^ Offers are provided by PURE. Complimentary trial of PURECAST is available to PURE visitors who are Hong Kong residents and 18 years old or above. Joining offer is only applicable to guests who successfully sign a 6-month or above PURE contract within the promotion period. Terms and conditions apply, please refer to PURE official website for details: https://form.pure-international.com/form.php?code=JP_ZABANK.

#StaySafe 2.0:  PURE X ZA Bank Exclusive Offer 

As the first virtual bank in Hong Kong, we have launched the first ever "Easy Deposit" in HK banking history. You can now transfer money to your ZA Bank in seconds to enjoy our 1% p.a. <a href="https://bank.za.group/deposit">Savings Go</a> rate[1]，rather than having to add money via FPS or direct bank account transfer.
It only takes you 4 steps to make it: &nbsp; Step 1: After logging in to ZA Bank App, you can hold and pull down the yellow button and select "Easy Deposit". &nbsp; Step 4: Set the "Maximum limit per transaction" and then click "Confirm" ////////(The actual effective time depends on the processing time of the other bank)/////delete &nbsp;
Step 1: After logging in to ZA Bank App, you can hold and pull down the yellow button and select "Easy Deposit". &nbsp;

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Step 2: Choose "Add new account"

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Step 3: Choose the bank you would like to bind and enter bank account no.
*you can only bind the account under your name

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Step 4: Set the "Maximum limit per transaction" and then click "Confirm"
(The effective time depends on the processing time of the other bank)

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You can now just simply enter the deposit amount you want and add money into ZA Bank in seconds via "Easy Deposit"！

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[1]The above Interest Rates are effective on 24 March 2020. They are subject to change as per prevailing market conditions.<a href="https://cdn.za.group/bank/app/info/en/static/1007422.html">Terms and Conditions</a> apply.
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【ZA Bank】How to add money in seconds

📢 Did you know that ZA Bank not only provides one-stop digital banking services for individual users, but also business banking services for registered start-ups operating in Hong Kong?
 As a former start-up in Hong Kong&rsquo;s banking industry, we understand how difficult it can be to start a business. That&rsquo;s why we are committed to providing new business banking services for start-ups, solving their business needs, and growing together with them🤝!
 While you may have already experienced our retail banking services such as account opening, loans and/or foreign exchange, you may have big dreams to start up your own business. Let&rsquo;s look at how ZA Bank&rsquo;s Business Banking differs from traditional business banking services🧐:
 <img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/f256296f-b7b0-4070-82b2-542df359100e/f808c9aa-887a-4e3c-b766-f814c5bc5599/開立商業戶口- EN.png">
👉 <a style="color: rgb(0, 184, 128);" href="https://bank.za.group/en/business/onboarding?isCreat=true">Apply Now</a>
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<img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/f256296f-b7b0-4070-82b2-542df359100e/489ebcb5-8c2a-458c-a104-a657d0b38a7c/小額企業貸款- EN.png">
👉 <a style="color: rgb(0, 184, 128);" href="https://bank.za.group/en/business-loan?channel=SFGS-80">Register Now</a>
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<img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/f256296f-b7b0-4070-82b2-542df359100e/b5dc7b0a-5ac8-48df-8fad-7c818fcdc53c/特惠外匯服務- EN.png">
👉 <a style="color: rgb(0, 184, 128);" href="https://business-internet-banking.za.group/cib-new/user/login">Experience Now</a>
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In addition, ZA Bank also provides business banking services such as deposits, transfers and payments for start-ups. Want to know more? Please visit the official website of ZA Bank&rsquo;s Business Banking&nbsp;
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If you want to experience ZA Bank&rsquo;s Business Banking services but have more questions, please call our 24 x 7 customer hotline at 3665 3665.
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1. The actual turnaround time may vary depending on the circumstances of each individual application.
 &nbsp;To borrow or not to borrow? Borrow only if you can repay!
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