HONG KONG, 29 April 2021 - Airstar Bank, which began full operation in June 2020, mainly provides deposit services in three major currencies and low-interest personal loan products, with an aim to pass on to our customers the cost savings from virtual banking. To deliver more comprehensive banking services, we are pleased to introduce a new foreign exchange (FX) service launched on 27 April 2021 which becomes the first virtual bank to provide 24-hour FX trading so that customers can capitalize on investment opportunities in the ever-changing global FX market.

24-hour Real Time Quotes & Instant Trading
At the start, our FX service supports three currencies, namely Hong Kong Dollar (HKD), US Dollar (USD) and Chinese Yuan Renminbi (CNY). Through the Airstar Bank mobile app, customers can view real time exchange rates to track the latest market movements anytime, anywhere. Our 24-hour instant trading capability also allows immediate trade without being restricted by the working hours of some traditional banks. Customers can utilize the funds straight away after transactions, avoid missing out due to delayed trading and seize every potential FX investment opportunity.

Trading in 3 Simple Steps
The Airstar Bank mobile app is designed to optimize customer experience, with a particular focus on simplicity and convenience for users. After logging in, they can access real time FX rates by choosing “FX”. If desired, they can then tap “Exchange Now” and complete a transaction in three simple steps: (i) select the currency and amount to buy or sell, (ii) select the currency which you wish to trade, and (iii) confirm the transaction which will be processed within seconds.

Better FX Rates than High-end Accounts of Major Traditional Banks, Stellar Service for Everyone
Airstar Bank stays true to the vision of stellar banking services for everyone by rewarding customers with competitive FX rates which beat those offered to the high-end accounts of major traditional banks. For example, as of 9am approximately, 29 April 2021, both our USD and CNY exchange rates are lower than the average rate offered by 4 major traditional banks to their high-end accounts which helps customers save more.

Currency	ASB FX Rate	HKD required for every USD/ CNY 10K transaction	Average rate among high-end accounts of 4 major traditional banks1	HKD required for every USD/ CNY 10K transaction
USD	7.7748	HKD 77,748	7.7821	HKD 77,821
CNY	1.2025	HKD 12,025	1.2059	HKD 12,059

One-stop FX & Stellar Time Deposit Offer
Our account with Deposit and FX services enables customers to buy foreign currencies and subsequently place a time deposit with the mobile app straight away. What’s more, our USD and CNY time deposit rates are generally more favorable than other traditional banks². For example, our 12-month CNY time deposit is being offered at a stellar rate of 2.7% p.a.², which is 7.7 times of the interest rates in other banks².

Earning on top a HK$100 Cash Rebate
From 29 April to 31 May 2021, customers who complete FX transactions on the Airstar Bank mobile app with a cumulative amount of at least HK$50,000 (or equivalent) will be eligible for an extra cash rebate of HK$100³.

"Airstar Bank is dedicated to expanding the products and services and providing the public with more comprehensive and easy-to-use banking services. The new FX service is being rolled out to dovetail with our existing offer of 2.7% p.a. on 12-month CNY time deposit for the ultimate benefit of the customers,"" says Mr. Ronald Iu, Chief Executive of the Bank.


Note:

1. As of 9am approximately, 29 April 2021, based on comparison with relevant FX interest rates offered by 4 major HK traditional banks to high-end accounts (excluding promotional offers). Information for reference only.
2. As of 9am, 29 April 2021, based on comparison with 12-month CNY time deposit rates among 3 major HK banks (excluding promotional offers). Information for reference only.
3. Please refer to “Foreign Currency Exchange Promotion Offer Terms & Conditions” on Airstar Bank website for details.

Photo 1 – Simple and convenient, Airstar Bank’s FX service allows you to complete a transaction within seconds.

Photo 2 – The first virtual bank in HK provides 24-hour FX service