ZA Bank has announced a currency exchange service. The digital bank states that the service will incorporate zero handling fees with no additional charges and real-time quotations to offer users a transparent experience. Last month, Wise, a digital currency transfer and payment provider, announced services for ZA Bank.
According to a note from ZA Bank, its currency exchange service enables:
- Real-time quotation with a 3-step instant exchange — users can log into the ZA Bank App to check the live exchange rates whenever they want. In just three steps, they can easily exchange currencies within their savings accounts, converting their money into three major currencies (i.e. USD, RMB and HKD) in real-time.
- 24/7 FX trading platform — ZA Bank offers a round-the-clock currency exchange service1. Users can exchange foreign currencies at their preferred exchange rates anytime, anywhere, to tap every FX opportunity.
Devon Sin, Alternate Chief Executive of ZA Bank, commented on the feature:,
“We are delighted with the official launch of ZA Bank’s currency exchange service. We look forward to helping our customers capture FX investment opportunities and grow their wealth with ease through ZA Bank’s existing foreign-currency time deposit and USD fund offerings. The convenience and speed of currency exchange in the ZA Bank App once again shows our dedication to creating the best user experience, so that users can manage their everyday financial needs at fingertips.”
ZA Bank is one of a handful of regulated, fully digital banks providing services in Hong Kong.