---
title: "BOC HONG KONG officially implements the \"Smart Safe Deposit\" measure to lock in part or all of the deposits in customers' accounts"
description: "BOC HONG KONG launched the \"Smart Deposit Protection\" measure, allowing customers to lock in part or all of their deposits in the account for additional protection. Supported accounts include Hong Kon"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261836255.md"
published_at: "2025-10-20T08:29:51.000Z"
---

# BOC HONG KONG officially implements the "Smart Safe Deposit" measure to lock in part or all of the deposits in customers' accounts

> BOC HONG KONG launched the "Smart Deposit Protection" measure, allowing customers to lock in part or all of their deposits in the account for additional protection. Supported accounts include Hong Kong dollar and foreign currency personal or joint savings accounts, current accounts, and fixed deposit accounts, with a minimum locking amount of HKD 10,000 or foreign currency 1,000. Locked deposits cannot be withdrawn or transferred, but can enjoy the same interest. This measure aims to enhance customers' ability to self-protect their funds and prevent unauthorized transactions. The first 10,000 eligible customers can enjoy a cash reward of HKD 50

BOC HONG KONG (02388.HK) announced the launch of the "Smart Deposit" protection measure, allowing customers to activate the service through the BOC HONG KONG mobile banking app, online banking, or by visiting a branch starting today. Customers can lock part or all of their deposits according to their needs, providing additional protection for their funds.

The account types supported by BOC HONG KONG's "Smart Deposit" measure include Hong Kong dollar and foreign currency personal or joint savings accounts, current accounts, and fixed deposit accounts, with a minimum locking amount of HKD 10,000 or foreign currency 1,000. Deposits protected by "Smart Deposit" cannot be withdrawn or transferred through any channel or method, nor can they be used for any transactions. Customers must visit a BOC HONG KONG branch in person to verify their identity before unlocking. Deposits locked under "Smart Deposit" can continue to earn the same interest as unblocked funds, combining interest income with security protection.

Zhang Ying Si, Deputy General Manager of the Personal Financial Products Department at BOC HONG KONG, stated that the launch of the "Smart Deposit" measure enhances customers' ability to protect their funds and helps prevent unauthorized transactions to avoid customer fraud. Customers can activate the "Smart Deposit" service through online channels by completing simple steps, allowing them to lock their funds instantly and effectively safeguard their financial security.

Yao Min Hua, Deputy General Manager of the Personal Financial Risk and Comprehensive Management Department at BOC HONG KONG, stated that in response to the rise in electronic channel fraud cases in recent years, BOC HONG KONG is fully cooperating with the Monetary Authority's anti-fraud efforts and continuously improving its intelligent fraud prevention management level by using big data to identify suspicious transactions in real-time around the clock. The number of reported fraud cases in the first three quarters of this year involved a significant decrease of 35% compared to the same period last year.

BOC HONG KONG announced that from now until November 30 of this year, the first 10,000 eligible customers who successfully lock funds under the "Smart Deposit" measure in their Hong Kong dollar or foreign currency current savings accounts and maintain an amount of HKD 10,000 or its equivalent until December 31 will receive a cash reward of HKD 50

### Related Stocks

- [02388.HK - BOC HONG KONG](https://longbridge.com/en/quote/02388.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
