HK residents and Mainland Chinese visitors in HK to get started in as fast as 5 minutes online*
Open a WeLab Bank account online whenever you are. All through your phone, saving up your time from queuing at branches!
*Actual time may vary depending on factors such as your connectivity, mobile phone and documents required.
Safety first, together with innovative products & services
WeLab Bank is a member of the Deposit Protection Scheme. Eligible deposits taken by WeLab Bank are protected by the scheme up to a limit of HKD 800,000 per depositor. We go the extra mile to keep your money and data safe - Touch and Face ID, two-factor authentication and beyond bank-grade security are just some of the ways to protect your account, with more security measures happening in the background. We are here for you 24/7.
As the most innovative bank in Hong Kong, WeLab Bank partners with the world's top innovative brands including Tesla, Apple and Allianz Group, providing one-of-a-kind banking services to you.
Open an account online anytime, anywhere easily
No heading to a branch or queuing up, you can open a bank account anytime anywhere which is even faster than brewing a cup of coffee!
No minimums, no surprises
WeLab Bank's core accounts are completely free and don’t have any minimum balance requirements. All of our fees are open, transparent and clear.
Easy and simple handling of local transfers and cross-border inward remittances in HKD
Transfer money to any bank in Hong Kong easily via FPS at no cost. Cross-border inward remittances of HKD are also available!
Groundbreaking time deposit interest rates that gives you ultra flexibility
GoSave is here for you 24 hours everyday! Groundbreaking time deposit interest rates with flexible tenors. Deposit from $10 in available currency to start the time deposit.
*See GoSave 2.0 Time Deposit Terms and Conditions for details
WeLab Bank's investment platform, backed by fintech experience and AllianzGI’s investment management expertise
Managed by investment experts, “Digital Wealth Advisory” enables investors to diversify investment with ease.
Featured Funds covering top funds, enjoy no subscription fee in WeLab Bank, saving close to 85% transaction cost*!
Debit card instantly ready
Your WeLab Bank core account comes with an integrated virtual debit card that is stored securely in the App. You can bind it with your mobile wallet and make transactions online immediately, enjoying a faster and hassle-free payment experience.
Account Opening Type
Hong Kong Residents
Mainland Chinese Visitors
Account Opening Requirements
Be at least 18 years old
Have a Hong Kong residential address
Have a Hong Kong mobile number
Hold a valid original Hong Kong Identity Card (the version introduced in 2018)
Be physically in Hong Kong
Account Opening Steps
Select "Hong Kong Identity Card", verify your mobile number and fill in your email address
Get started!
Download the WeLab Bank's App and experience banking built for our century!
Want to know more? We've got answers!
Who is eligible for opening an account?
Get ready all necessary documents and follow the on-screen instructions on the WeLab Bank App to open a bank account.
Requirements for HK residents
- be at least 18 years old
- be physically in Hong Kong
- have an original Hong Kong Identity Card (the version introduced in 2018)
- have a Hong Kong mobile number
- have a Hong Kong residential address
Requirements for Mainland Chinese visitors in HK:
- be at least 18 years old
- be physically in Hong Kong
- have an original identity card of China
- have a valid Exit-Entry Record from the National Immigration Administration (NIA)
- have a valid Mainland/ Hong Kong mobile number
- have a valid Mainland/ Hong Kong residential address
Why do I need to provide a mobile number and email address?
We will contact you via SMS or email to let you know about your account activity and important notices. In case you forgot your password or username, we will also send your one-time password (OTP) to your mobile number to verify your identity.
Why do I need to take a selfie and a picture of my HKID during the account opening?
Because we don't have physical branches, we use advanced facial recognition to make sure it's really you who's applying for a WeLab Bank account, and to protect you from the bad guys who try to steal your identity.
Disclaimer
Investment involves risks.
Information is for reference only and does not constitute any offer, solicitation and advice. See Wealth Management Services Terms for details. The fund platform fee of a month is an aggregate amount of the daily fee within the month. Daily fee is calculated based on the daily market value of all your settled fund holdings in HKD (or HKD equivalent based on daily reference rate) under Featured Funds Services, excluding all money market fund holdings, multiplied by the fund platform fee monthly rate and divided by the number of calendar days of the month. For fund asset class information, please refer to the fund details page in WeLab Bank app. Assuming the subscription fee rate is 2%, customers who use our Featured Funds Services can save 85% of transaction costs in the above two examples compared with the traditional charging model charging with subscription fee. The examples above are for illustration purposes only. Before making any investment decisions, you should consider your own financial situation, investment objectives and experiences, risk acceptance and ability to understand the nature and risks of the relevant product(s).