Press Release March 19, 2001


Dah Sing Bank Launched "Free Banking Pass"
For Continuous Provision of Free Banking Services

With the coming of full implementation of Interest Rate Deregulation in July 2001, major banks have already voiced their action plans for more banking charges levied to customers. In contrary, subsequent to Dah Sing Bank's January announcement of not implementing monthly charges to low-balance deposit customers which has successfully brought to the Bank for over 10,000 customers in just 2 months' time, it launches a "Free Banking Pass" by which customers open a savings account, current account or i-Account can enjoy a host of free banking services.

Apart from the renowned "Octopus Auto-Add-Value" Service, "PayEasy" On-Line Bill Payment Service and "PhoneBanking / ebanking" Service, customers who open any Dah Sing savings account, current account or i-Account from 20th March, 2001 to 31st May, 2001 will enjoy the offer of a "Free Banking Pass", enabling them to use the following services for free :

  • Purchase of Cashier Order/Gift Cheque
  • Classic/Gold Credit Card annual fee waiver
  • ATM card annual fee waiver
  • Dah Sing Bank-Cert first year annual fee waiver
  • Purchase of Travelers' Cheque
  • Coin Exchange
  • Purchase/Repurchase of Demand Draft
  • CHATS
  • Telegraphic Transfer
  • Stop Payment/Collection of Cheque
  • Replacement of ATM Card
  • 30 days free coverage of Accidental Death Insurance Benefit up to HK$100,000
  • Revolving Loan first year annual fee waiver
Remark: If customers do not hold any deposit account with Dah Sing Bank, they just need to open any savings account, current account or i-Account to enjoy the "Free Banking Pass". For existing Dah Sing deposit customers, they just need to open an i-Account for the "Free Banking Pass" entitlement.

 

Ms. Shera Lee, General Manager of Dah Sing Bank said: "Before, customers used to select banks by the size of branch network. Dah Sing in which would like to provide customers with more choices, aiming to strengthen customer relationship through cross selling of other products in return for a better customer profitability in long run."

For details of "Free Banking Pass", please call 2828 8000 or visit www.dahsing.com.

 

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