Four in Five Hong Kong Families Manage Overseas Funds: Survey
A recent survey by Hang Seng Bank reveals that 80% of Hong Kong families need to manage funds overseas. On average, each primary earner is responsible for handling finances for three family members.
The survey included nearly 400 residents aged 30 and above, all of whom have liquid assets exceeding HK$1 million.
In response to these needs, Hang Seng Bank has enhanced its services for Prestige customers, offering improved overseas fund transfers, cash withdrawals, and spending features. Prestige customers can now open a multi-currency debit Mastercard, along with supplementary debit cards linked to their family accounts.
These cards can be used for transactions in 12 designated currencies, both locally and internationally. Furthermore, customers can set monthly spending limits for each debit card.
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