Money Safe - ICBC (Asia)
Money Safe
Money Safe (Chinese for “Smart Safe”) is a deposit protection measure implemented by the Hong Kong Monetary Authority (HKMA) that allows customers to lock in some or all of their deposits so that they cannot be arbitrarily withdrawn or transferred to prevent fraudulent losses. Customers must complete the identity verification process in person at the branch to unlock and use protected funds. This measure aims to provide customers with additional security protections to prevent scammers from immediately transferring account funds.
Main Features
Protect Deposit
Customers can choose to protect part or all of their bank deposits into “Money Safe” account.
Transaction Restrictions
Protected funds cannot be transacted through any channel, including but not limited to online transfers, automatic payments, or cash withdrawals.
Branch Verification
Customers must visit our branch in person to unlock the funds.
Fraud Prevention
The core objective is to establish an extra layer of security for customers, minimizing the risk of financial loss caused by scam calls or messages.
Download ICBC (Asia) Mobile Banking App
You can search “ICBC Asia” through iPhone App Store/Google Play or scan the QR Codes below to download and experience the “ICBC (Asia)” Mobile Banking App.
If your Android phone doesn’t have Google Play, please click here to download the Industrial and Commercial Bank of China (Asia) mobile application.
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