Saturday, November 18, 2017
 
Columnist
Martin Hennecke

Foreign cash on cards at ATMs
 
14/11/2017
 
Hongkongers who need foreign currency banknotes can now get them at ATMs in some high-traffic locations in the city.

Hang Seng Bank (0011) announced yesterday it has become the first local bank to make 12 foreign currencies available through designated ATMs in its network, allowing customers to get foreign currency via their Hong Kong dollar accounts.

It said an ATM at the Central MTR Station went operational yesterday. By year-end, 24 such ATMs will be available in Causeway Bay, Tsim Sha Tsui, Mong Kok, Tsing Yi and Tuen Mun, some of which will be accessible around the clock.

Meanwhile, DBS Bank (Hong Kong) said some of its Black Card holders have been invited to open digital wealth management accounts. Clients can apply for DBS Treasures online, without having to submit documents or visit a branch.

Managing director Vivian Chan said the rising Hong Kong interbank offered rate might retreat next week if money locked in initial public offerings flows back into the market. But the one-month rate could stay high at 0.8 percent range if that doesn't happen. One-month HIBOR fell 0.01 percent to 0.8134 percent, while the overnight rate has dropped 0.05 percent to 0.3825 percent.

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