Elderly Securities Account Service

Elderly Securities Account Service
Elderly Securities Account Service

    CMB Wing Lung Bank understands your needs and strives to be your best investment partner. Our Elderly Securities Account Service gives you wealth protection and supports you a relaxing retirement life.

    By joining our Elderly Securities Account Service, you can enjoy a series of privilege offers including brokerage charge discount and service charge discount on the Collection of Dividends of Custodian Stocks . Moreover, you can also enjoy a special offer for participating in Securities Saving Scheme. All these offers aims at lowering your investment expenses and best suit retired investors pursuing dividend income by long-term investment.

    Features of Elderly Securities Account Service
    • 40% discount on the service charge of Collection of Dividends of Custodian Stocks, the minimum charge is HK$18 only.2
    • 50% discount on the brokerage rate. The brokerage rate is as low as 0.125%, the minimum brokerage charge is HK$50 only.3
    • By joining Securities Saving Scheme, you can enjoy 40% discount on the transaction fee for buying shares. The Transaction fee for each plan per month is HK$30 only.4,5

    If you want to know more about this scheme, please come to any of our branches 
    or contact our Customer Service Hotline at 230 95555.

    Terms and Conditions:
    1. Elderly Securities Account and its securities service offers are applicable to customers aged 60 years old or above. All account holders of join accounts must be aged 60 years old or above. Customers should have valid identification documents for verification when opening securities account.
    2. Charges of Collection of Dividends, Listed Bond Interest or Other Cash Benefit: 0.3% on the amount of dividend, interest or cash received; minimum charge is HK$18; maximum charge is HK$1800.
    3. Securities Trading Offers: (i) Trading Securities via CMB Wing Lung Net Securities Services , CMB Wing Lung Automated Securities Services Trading Hotline and CMB Wing Lung Bank Mobile App, the brokerage rate is 0.125% and the minimum brokerage charge is HK$50. For Renminbi-denominated Securities transaction, the minimum brokerage charge is ¥38. (ii) Trading Securities via Service Counter or Manned Trading Channel, the brokerage rate is 0.25% and the minimum brokerage s charged according to the standard service charge, please refer to our latest Service Charge Schedule for details.
    4. Securities Saving Scheme Offers: you can enjoy 40% discount on the transaction fee for buying shares. The Transaction fee for each plan per month is HK$30 only (Standard fee is HK$50). Customers will need to pay the standard fee HK$50 upfront. The rebate amount will be deposited to the settlement account in the following month.
    5. Customers will not enjoy "Transaction fee refund" and "Commission rebate" at the same time. For information relating to terms and conditions of Securities Saving Scheme, please refer to relevant promotional leaflet.
    6. The offers are applicable to Cash Securities Account and Margin Securities Account with the exception of "Multi Trade" Securities Account.

     

    General Terms and Conditions:
    1. The Bank reserves the right to suspend, amend, or terminate any offers, and/or amend the Terms and Conditions thereof, at any time without prior notice. Should there be any disputes relating to the offers and the Terms and Conditions thereof, the Bank's explanation and decision shall be final.
    2. Customers can enjoy other cash rebate offers of relevant securities services provided by the Bank simultaneously. However, the bank will calculate the rebate amount of each offer applied on an individual account each month for comparison, only one of the offers with the highest value will be given to the customer.
    3. For information relating to the Terms and Conditions, service charges and promotional offers of our securities service, please refer to our latest promotional leaflets and Securities Service Charge Schedule.
    4. If there is any discrepancy between the English and Chinese versions, the Chinese version shall prevail.

     

    Risk Disclosure:
    • The above information is for reference only and does not constitute and should not be regarded as any offer to purchase or sell. Investment involves risks and the price of securities may fluctuate or even become worthless. Losses may be incurred rather than making a profit as a result of dealing in securities. You should carefully and independently consider whether the securities are suitable for you in light of your investment experience, objectives, financial position and risk profile. This advertisement has not been authorized by the Securities and Futures Commission. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the General Conditions for Accounts and Services before making any investment decisions.

     

     

     

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