Hong Kong Monetary Authority and Hong Kong Association of Banks announce all retail banks to fully launch "Smart Safe Deposit" by 31 December
零售銀行全面推出「智安存」
The Hong Kong Monetary Authority and the Hong Kong Association of Banks announced on 30 December that all retail banks, including digital banks, must fully launch the "Smart Safe Deposit" service to personal customers on or before 31 December. Customers can set the protected deposit amount themselves, and must first complete the bank's face-to-face anti-fraud verification procedure before making withdrawals. The Hong Kong Monetary Authority will work with the banking industry to launch advertisements and various promotional programmes.
The announcement specifies the launch deadline and the face-to-face verification procedure for accessing protected deposits, allowing readers to check whether their own bank is on the list.
Source: 金管局·新聞稿 · hkma.gov.hk