ICBC (Asia) | Elite Club Account
Elite Club Account
Enhance your premium lifestyle with our wealth growth advantage.
Introducing the “Elite Club”, an all-in-one account for managing different currencies (e.g. HKD, RMB, USD) and account types (savings, cheque, investment, securities, time deposit). Our team of professional Relationship Managers are dedicated to providing you with personalised financial advisory services and exclusive privileges, delivering an unparalleled prestigious experience.
Priority Service Channels
“Elite Club” customers can enjoy exclusive VIP financial services tailored to showcase your superior status, including:
- Dedicated Wealth Management Centres
Our elegant VIP rooms and reception areas, located all over Hong Kong, offer a high level of privacy and comfortable space for managing your banking services with ease. - Dedicated Service Counters
Visit our designated branches and experience priority banking services at our dedicated service counters for “Elite Club” customers. - Dedicated Service Hotline
Our 24-hour service hotline 276 95588 is available anytime, anywhere, for your convenience. - Dedicated Relationship Manager
Your dedicated Relationship Manager will handle all your financial needs, from savings to bespoke investment and insurance arrangements. They will work closely with you to address your services requirements and help you make appointments for other financial services.
Superior Services and Rewards
The integrated “Elite Club” account can handle all your banking needs and provide you with a wide range of superior services, rewards and value added services.
One-stop Account Management
The integrated “Elite Club” account is tailor-made to handle all your banking needs, eliminating the need for multiple accounts. It includes HKD savings, HKD current, multi-currency savings, time deposits, USD current, RMB current and savings and investment account. In addition, you will also have access to cheque book, debit card and a monthly consolidated statement, enabling you to easily and clearly manage all your banking services in one place.
Superior Pre-set services
Enjoy a range of exclusive pre-set services that eliminate unnecessary procedures and fees, including:
- Fund Sweeping Services
Set specific criteria such as exchange rates, balance and transaction frequency for trading of specified currencies or fund transfer between accounts of specified currencies. Once the criteria are met, we will execute your instructions promptly and efficiently. - Automatic Sweeping Services*
Rest easy knowing that if your HKD or USD current account becomes overdrawn or exceeds your credit limit, we’ve got you covered. Our automatic fund transfer service will seamlessly transfer funds from your HKD or USD savings account, under the same integrated account, to your current account** by the next business day. - No-Bounce Cheque / Auto-Pay Protection*
Enjoy peace of mind with our overdraft protection of up to HK$20,000 in case the available balance of your HKD current account is insufficient to meet your drawing. To be eligible, your daily average total liquid assets of the last 3 months must be equal to HK$200,000 or above. This protection applies to cheque payments and autopay transactions, ensuring smooth and hassle-free banking. - Auto Standby Line
Experience greater financial flexibility with our Auto Standby Line service. Opt in to enjoy standby overdraft facilities of up to HK$5,000,000, based on your fixed deposit amount, and benefit from our automatic selection of the lowest standby overdraft interest rate. You can also set your maximum standby limit according to your financial needs, giving you greater control and peace of mind.
Superior Rewards#
Stay ahead of the curve and maximise your returns with our range of superior rewards, including fee waivers and preferential interest rates. These rewards include:
- Preferential interest rates on HK Dollar savings:
Account Balance Preferential Interest Rate (p.a.) HK$800,000 or above Prevailing Savings Interest Rate + 0.07% HK$100,000 to less than HK$800,000 0.02% - Privileged fees for investment services:
Securities - Preferential brokerage commission
- Custody Fee/ Deposit Charge for Physical Scrip: Waived
Investment Funds - Subscription fee as low as 1% for lump-sum investment
- Perpetual annual fee waiver for your debit card and credit cards
- Discounts on counter service fees (For details, please contact our customer service officers)
- Privileges and discounts for Renminbi and Mainland-related services:
Withdraw cash with our Debit card via over 90,000 ICBC ATMs in the Chinese mainland Service fee waived
Value-added Services
- Exclusive Customer Activities
Enjoy exclusive customer activities, including investment seminars and many more, specially organised for our “Elite Club” customers, adding a touch of sparkle to your life
Premier Cross-Border Banking Services
Backed by our Head Office, Industrial and Commercial Bank of China ("ICBC"), which has a solid presence in China, we offer you access to professional and comprehensive Renminbi related products and cross-border financial services. Stay up-to-date with the Greater China market and enjoy the following exclusive benefits:
- Private VIP Rooms: Experience bespoke banking services in the “Elite Club” VIP Rooms located in over 3,000 wealth management centres throughout the Chinese mainland.
- Priority “Green Passage”: Skip the line and enjoy priority services at our “Green Passage Elite Club” counters in over 10,000 locations.
- Exclusive discounts: Enjoy exclusive discounts on wealth management products subscription, helping you excel in your personal finance.
ICBC “Elite Club” Mastercard
Exclusively tailored for “Elite Club” customers, the ICBC “Elite Club” Mastercard offers a range of privileges upon successful application for the Platinum Card. Invited customers who successfully apply for the ICBC “Elite Club” Mastercard World Card can enjoy an array of World Card offers^, including:
- MasterCard PricelessTM Privileges^^
Indulge in Mastercard’s priceless privileges, including dining, shopping, entertainment, travel, sports, culture and art, carefully selected locally and around the world, adding colour to your life. - Mastercard Contactless Payment Function
Pay with one tap via any terminal with the Mastercard Contactless payment function for easy and convenient payments.
Personalised Investment Advisory Services
Experience personalised financial advisory service with our team of investment professionals. They will provide you with professional and personalised financial services, helping you to choose wisely from our comprehensive range of investment products and make better investment decisions.
- Regular Review of Investment Portfolio
Your Relationship Manager will review your investment portfolio on a regular basis and provide you with the latest market and product information, equipping you with valuable insights and growth opportunities. - Diversified Investment Solutions
We offer a wide range of investment products including securities, equity-linked product, currency-linked contract, bonds, funds, etc., to help you achieve your financial goals.
Join Now and Enjoy the Superior Wealth Management Privileges!+
Join “Elite Club” now to experience our superior wealth management services. The Monthly service fee is waived for “Elite Club” if you maintain daily average total liquid assets++ of HK$800,000 or above for the last three months. If your daily average total liquid assets fall below HK$800,000, a monthly service fee will be charged based on your daily average total liquid assets for the last 3 months:
| Daily Average Total Liquid Assets of Last 3 Months | Monthly Service Fee+++ |
| HK$800,000 or above | Waived |
| HK$500,000 or above - Less than HK$800,000 | HK$30 |
| Less than HK$500,000 | HK$300 |
Reminder: To borrow or not to borrow? Borrow only if you can repay!
*Relevant interest applies.
**Daily maximum amount of automatic fund transfer is HK$10,000 or US$1,000.
#The privileges are subject to the Terms and Conditions.
^Principal card applicant of ICBC “Elite Club” Mastercard World Card and ICBC “Elite Club” Mastercard Platinum Card must be Hong Kong resident over 18 years of age and must hold an integrated account of ICBC (Asia) “Elite Club”. ICBC “Elite Club” Mastercard World Card and ICBC “Elite Club” Mastercard Platinum Card are offered to ICBC (Asia) “Elite Club” customers only. In case of cancellation of the ICBC (Asia) “Elite Club” account, ICBC “Elite Club” Mastercard World Card and / or ICBC “Elite Club” Mastercard Platinum Card will become invalid, and those exclusive offers that can be enjoyed through the card(s) will also be no longer available. (Please note that the ICBC “Elite Club” Mastercard World Card is only available to invited persons to apply.)
^^The service is provided by Mastercard and is subject to the relevant terms and conditions, please refer to the website for details: https://specials.priceless.com/en-hk/homepage. ICBC (Asia) is not responsible for the quality of products and services provided by Mastercard and the participating merchant(s), and the participating merchant(s) will be legally responsible for all products and services. ICBC (Asia), Mastercard and the participating merchant(s) reserve the right to revise the offer and the terms and conditions at any time without prior notice. ICBC (Asia), Mastercard and the participating merchant(s) reserve the right to make the final decision in the event of any dispute.
+The privileges are subject to the Terms and Conditions below.
++Average Total Liquid Assets refers to the total of your deposits and the market value of investments in all your single and joint name(s) accounts at our Bank. For details, please contact our staff.
+++Monthly service fee will be automatically deducted from your designated settlement account. The Bank reserves the right to terminate your “Elite Club” banking services if monthly service fee cannot be deducted from the designated settlement account.
General Terms and Conditions:
The above privileges cannot be used in conjunction with any other promotional offers.
Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)”/ “the Bank”) reserves the right to vary the privileges and/or these Terms and Conditions, or to cancel the privileges at its absolute discretion at any time without prior notice.
In case of dispute, the decision of ICBC (Asia) shall be final and conclusive.
In case of discrepancy between the English and Chinese versions, the English version shall apply and prevail.
Any person or entity that is not a party to these Terms and Condition shall have no rights under the Contracts (Rights of Third Parties) Ordinance (Cap. 623) to enforce any part of these Terms and Conditions.
Deposits in Current Account and Savings Account and Time Deposits NOT exceeding a term of five years of “Elite Club Account” / “e-Age Banking” Account / “Integrated Account” are deposits qualified for protection by the Deposit Protection Scheme in Hong Kong.
Risk Disclosure Statements:
RMB Products: The Chinese Renminbi is currently a restricted currency. Due to the exchange controls and/or restrictions which may be imposed by the PRC government on the convertibility or utilisation of RMB from time to time, there is no guarantee that disruption in the transferability, convertibility or liquidity of RMB will not occur. There is thus a likelihood that you may not be able to convert the Chinese Renminbi received into other freely convertible currencies.
Securities and Funds: Investment involves risk and the prices of securities and funds fluctuate. The prices of securities and funds may move up or down, sometimes dramatically, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling investment. Past result should not be taken as indicative of future performance. Before making investment decision, you should thoroughly study the offering documents, the financial reports and relevant risk disclosure statements issued by the issuer of the investment product(s). Further you should consider your own circumstances and financial position to ensure the investments are suitable for your particular investment need. You shall seek independent professional advice on legal, tax and other issues in connection with the investment by using of these services.
Bonds: Bonds are mainly for medium to long term investment and you should be prepared to invest your funds in bonds for the full investment tenor; you could lose part or all of your investment if you choose to sell bonds prior to maturity. You should bear the credit risk of the issuer. The price of bonds may fluctuate and the factors affecting market price of bonds include, but not limited to, fluctuations in Interest Rates, Credit Spreads, and Liquidity Premiums. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling bonds. ICBC (Asia) does not guarantee the existence of secondary market.
Currency-Linked Contract: The returns on currency-linked contract are limited to the predetermined interest amount and will depend on the market conditions prevailing on the determination date. Investment in the currency-linked contract involves the risk of exchange rate fluctuation of the linked currency, leading to the possible loss of some or all of the principal and interest amount. This product is a structured product involving derivatives. Currency Linked Contract is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Equity Linked Contract / Equity Linked Investment: Equity Linked Contract and Equity Linked Investment are not a protected deposit and are not protected by the Deposit Protection Scheme in Hong Kong. Investment in equity linked product involves substantial risks including market risk, liquidity risk, and the risk that the issuer(s) who will be unable to satisfy its obligations under the equity linked product. Investors should read the relevant offering documents to ensure that they understand the nature of all of these risks before making a decision to invest in equity linked product.
Currency-Linked Contract and Equity Linked Contract (altogether “the Products”): The Products are structured products involving derivatives. The Products are not protected deposit and are not protected by the Deposit Protection Scheme in Hong Kong. The investment decision is yours but you should not invest in the Products unless the intermediary has explained to you that the Product(s) is / are suitable for you having regard to your financial situation, investment experience and investment objectives.
General Insurance Plans: ICBC (Asia) is acting as an insurance agent for the insurance company and is not responsible for any liability under the policies underwritten by the insurance company. The above information is for reference only. Please refer to the policy provision issued by the insurance company for details (including detailed terms, conditions and exclusion) of the insurance plan.
Important Notice: The above risk disclosure statements cannot disclose all the risks involved. Before making investment decision, you should thoroughly study the offering documents, financial reports and relevant risk disclosure statements issued by the issuer of the investment product(s). Further you should consider your own circumstances including financial position, investment experience and objective to ensure the investment is suitable for your particular investment needs and risk tolerance capacity. You should seek independent financial and professional advice before trading or investment. This promotional material does not constitute an offer for the purchase or sales of any investment products. This promotional material is issued by Industrial and Commercial Bank of China (Asia) Limited and the contents have not been reviewed by Securities and Futures Commission of Hong Kong.
Disclosure for Financial Dispute Resolution Scheme: In respect an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with customer, however, any dispute over the contractual terms of the product should be resolved between directly the third party service provider and the customer.
