Digital Bank Partnership 2025 between PAObank and Ping An: Hong Kong Bank Incorporating Insurance Coverage From The Ground Up
PAO Bank Launches Exciting Promotion for New Customers
PAO Bank Limited, an appointed insurance agent of Ping An Insurance (Hong Kong) Company Limited, has announced an exciting new promotion for its customers. Eligible individuals can enjoy a preferential interest rate on 1-month HKD time deposits and stand a chance to earn substantial cash rewards.
To take advantage of this offer, customers must place a 1-month HKD time deposit through the dedicated promotional section showing the preferential rate in the personal banking mobile application. The annual interest rate for new customers is 18%, while existing CPAIHK customers can enjoy a higher rate of 20%.
For those who complete all three missions, a reward of USD9.29 and an additional HKD929 will be credited to their savings account. The first 1,000 customers to complete all three missions will receive the additional HKD929 reward.
In addition to the financial benefits, customers will also receive a free travel insurance (lite version) from China Ping An Insurance (HK) Co., Ltd. This insurance covers up to 7 days of worldwide travel and must be redeemed within 6 months from the account opening date.
Successfully opening a retail banking account with the referral code ["PAOBPR"] also grants free travel insurance from CPAIHK. It's important to note that to receive the reward, customers must register the Bank as the default receiving bank under the "Faster Payment System (FPS)" during the campaign period and maintain it until 31 Oct 2025.
The preferential annual interest rate for time deposits will be displayed in the time deposit section of the Bank's personal banking mobile application within three working days after successful account opening. The contract between PAObank and China Ping An Insurance Company Limited was signed in May 2019.
Eligible Customers must maintain a valid account at the time of reward distribution; otherwise, the Reward will be forfeited. The reward will be credited to the eligible customer's HKD or USD savings account within two months after the Programme Period.
This exciting promotion provides a great opportunity for new customers to enjoy preferential interest rates and substantial cash rewards, as well as free travel insurance. Don't miss out on this fantastic offer!
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