SAVE WITH CONFIDENCE
Protection Limit of HK$800,000
Guardian of Deposits
An independent statutory body established in 2004 for ensuring the effective operations of the Deposit Protection Scheme (DPS)
DPS Coverage
Protected
- Deposits in savings accounts
- Deposits in current accounts
- Time deposits (maturity not exceeding five years)
- Deposits denominated in Hong Kong dollars, renminbi or other currencies
- Deposits in personal, joint and company accounts
- Secured deposits
Not protected
- Offshore deposits
- Structured deposits
- Bearer certificates of deposit
- Time deposits (maturity longer than five years)
- Non-deposit products (e.g. bonds, stocks, warrants, mutual funds, unit trusts, insurance policies and virtual assets)
- Stored value facilities
Top FAQs
If I have more than one deposit account at a bank, will I be entitled to a maximum protection of more than HK$800,000?
No. Regardless of the number of deposit accounts held by a depositor at a bank, his/her accounts will be aggregated when calculating the compensation amount, subject to a maximum protection of HK$800,000 per depositor per bank.
If I have a joint account with another person at a bank, are both of us protected under the DPS?
Yes, holders of a joint account are normally deemed to have an equal share in the deposit, and each account holder will be protected up to a maximum of HK$800,000.
Are the funds stored in an e-wallet protected under the DPS?
No, the funds stored in an e-wallet are not deposits and are not protected under the DPS.
Are deposits placed with a non-Hong Kong branch of a local bank protected under the DPS?
No. The DPS only covers deposits that are placed with the Hong Kong office of a Scheme member. Deposits placed with the Chinese Mainland or overseas offices of a Scheme member are considered offshore deposits which are not protected under the DPS.
Will the HKDPB contact me to request for personal information such as my bank account details?
No, the HKDPB will not contact depositors to request personal information.
Depositors should remain vigilant against scam calls, messages, or emails purportedly from the HKDPB, and must refrain from clicking on any links or providing personal information or money if requested to do so.
If you suspect that you have provided any personal information or money to a scammer, please report the incident to the police immediately.
