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HSBC Payroll Service

Earn more from your salary with HSBC Payroll. Enjoy enhanced payroll services and unlock a range of valuable offers to make the most of your money.

Comprehensive banking support beyond payroll

We offer more than just payroll services – we help you with all your everyday banking needs.

  • Manage your money 24/7 without any hassles using our online and mobile banking services.
  • Access your payroll details easily using the HSBC HK App, and manage your deposits/ assets all in one place.
  • Use Future Planner to set your financial goals and build your wealth more easily and effectively.

Welcome offers for payroll: Earn up to $1,800 RewardCash

New HSBC auto-payroll customers[@accounts-payroll-new-customers] who register for the 'Exclusive offers for auto-payroll customers' via Reward+ from 16 July to 30 September 2025 can unlock the following rewards.

Two offers: grab up to $1,800 RewardCash (RC)

Offer 1 – Payroll Offer: Earn up to $1,200 RewardCash (RC) based on the average monthly payroll amount[@accounts-payroll-avg-monthly-amount] in your account.

 

Offer 2 – USD New Fund Offer: Enjoy an extra 50% of the RewardCash (RC) earned in 'Offer 1' (up to $600 RC) when your Monthly Average Total USD Deposit Balance grows[@accounts-payroll-usd-deposit-balance] by USD8,000 or more.
Average Monthly Payroll Amount[@accounts-payroll-avg-monthly-amount] Payroll Offer - RewardCash entitled
 USD New Fund Offer - extra 50% RewardCash based on the amount of RewardCash earned under Offer 1
HKD80,000 or more $1,200 RC  +$600 RC
HKD50,000 to less than HKD80,000 $700 RC +$350 RC
HKD30,000 to less than HKD50,000 $400 RC +$200 RC
HKD10,000 to less than HKD30,000 $200 RC +$100 RC

Offer 1 – Payroll Offer: Earn up to $1,200 RewardCash (RC) based on the average monthly payroll amount[@accounts-payroll-avg-monthly-amount] in your account.

 

Offer 2 – USD New Fund Offer: Enjoy an extra 50% of the RewardCash (RC) earned in 'Offer 1' (up to $600 RC) when your Monthly Average Total USD Deposit Balance grows[@accounts-payroll-usd-deposit-balance] by USD8,000 or more.
Average Monthly Payroll Amount[@accounts-payroll-avg-monthly-amount] HKD80,000 or more
Payroll Offer - RewardCash entitled
 $1,200 RC 
USD New Fund Offer - extra 50% RewardCash based on the amount of RewardCash earned under Offer 1
 +$600 RC
Average Monthly Payroll Amount[@accounts-payroll-avg-monthly-amount] HKD50,000 to less than HKD80,000
Payroll Offer - RewardCash entitled
 $700 RC
USD New Fund Offer - extra 50% RewardCash based on the amount of RewardCash earned under Offer 1
 +$350 RC
Average Monthly Payroll Amount[@accounts-payroll-avg-monthly-amount] HKD30,000 to less than HKD50,000
Payroll Offer - RewardCash entitled
 $400 RC
USD New Fund Offer - extra 50% RewardCash based on the amount of RewardCash earned under Offer 1
 +$200 RC
Average Monthly Payroll Amount[@accounts-payroll-avg-monthly-amount] HKD10,000 to less than HKD30,000
Payroll Offer - RewardCash entitled
 $200 RC
USD New Fund Offer - extra 50% RewardCash based on the amount of RewardCash earned under Offer 1
 +$100 RC

To earn RewardCash, the Total Deposit Balance[@accounts-payroll-total-deposit-balance] in your account on the last calendar day of each of the payroll months must show a net increase compared to 30 June 2025. T&Cs apply (PDF).

More offers for both new[@accounts-payroll-new-customers] and existing auto-payroll customers

Register for the 'Exclusive offers for auto-payroll customers' via Reward+ and place 3-month USD new fund time deposit to enjoy up to $3,000 RewardCash.

T&Cs apply (PDF).

Register for the 'Exclusive offers for auto-payroll customers' via Reward+ to enjoy HK$500 PARKnSHOP e-coupons upon spending HKD15,000 or more within 6 months with your HSBC easy Credit Card / Visa Platinum Credit Card at stores under PARKnSHOP, Watsons, Fortress and other Designated Merchants.

T&Cs apply (PDF).

Apply for an HSBC Personal Instalment Loan to enjoy an exclusive APR as low as 1.99%[@accounts-payroll-pil-apr] and exclusive rebates of up to $16,000[@accounts-payroll-pil-rebate] for greater financial flexibility.

T&Cs apply (PDF).

Register for the HSBC Forex Club to enjoy a free upgrade to Bronze tier automatically for 90 days and get 5% off spread discount on currency exchanges. 

T&Cs apply (PDF).

New auto-payroll customers[@accounts-payroll-new-customers] can also enjoy

Apply for an HSBC Credit Card

Enjoy extra $100 RewardCash when you successfully apply for and activate selected HSBC Credit Cards. Register now for the 'Exclusive offers for auto-payroll customers' via Reward+.

Note: Selected credit cards include HSBC Premier Mastercard®, HSBC Visa Signature Card, HSBC easy Credit Card, HSBC Visa Gold Card, HSBC Pulse UnionPay Dual Currency Diamond Credit Card and HSBC UnionPay Dual Currency Credit Card.

T&Cs apply (PDF).

Selected HSBC Qualifying Deferred Annuity Plans

Apply for the selected Qualifying Deferred Annuity Plans[@accounts-payroll-qdap] from 16 July 2025 to 31 January 2026 (both dates inclusive) to claim tax deduction[@accounts-payroll-qdap-deductions] and earn extra premium discount[@accounts-payroll-extra-premium-discount]. Register for the 'Exclusive offers for auto-payroll customers' via Reward+ and maintain at least two consecutive months of automatic payroll records.

Discount of premiums is not tax deductible. T&Cs apply (PDF).

Selected HSBC Voluntary Health Insurance Scheme

Apply for the selected Voluntary Health Insurance Scheme (VHIS plans)[@accounts-payroll-vhis-plans] from 16 July 2025 to 31 January 2026 (both dates inclusive) to claim tax deduction[@accounts-payroll-vhis-deductions] and earn extra premium discount[@accounts-payroll-extra-premium-discount]. Register for the 'Exclusive offers for auto-payroll customers' via Reward+ and maintain at least two consecutive months of automatic payroll records.

Discount of premiums is not tax deductible. T&Cs apply (PDF).

Switch your payroll to HSBC in two easy steps

Step 1: Download and fill out the 'Instruction Form for Setting up / Transfer of Salary Autopay‘ (PDF).

Step 2: Submit the form to your employer or HR department to change your payroll to your HSBC account.

Not yet an HSBC customer? Apply now!

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Frequently Asked Questions

How do I register for 'Exclusive offers for auto-payroll customers' via Reward+? 

How do I enroll in the Standalone RewardCash Programme? 

I'm interested in the HSBC Forex Club Bronze Tier free upgrade. How do I enjoy that using the HSBC HK App? 

Terms and conditions

HSBC Reward+

RewardCash is easy to earn and burn – so why wait? Join the RewardCash programme on HSBC Reward+, even without an HSBC credit card. Let's start earning RewardCash together!

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Notes

    Disclaimer 

    Risk Disclosure

    • Terms and conditions apply. To borrow or not to borrow? Borrow only if you can repay!
    • This information and offers are intended for persons in Hong Kong.
    • Currency conversion risk - the value of your foreign currency and RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency and RMB deposit to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to that foreign currency and RMB, you may suffer loss in principal.

     

    Tax Implications

    Qualifying Deferred Annuity Policy("QDAP"): The certification status of the above QDAPs do not automatically guarantee that you will be eligible for a tax deduction for QDAP premiums you have paid. The certification status of the QDAPs is based on the features of the product as well as their compliance with the criteria set out in the guideline issued by the Insurance Authority ("IA"); not necessarily matters regarding other tax related criteria or your personal situation. Before claiming any tax deductions, you must meet all eligibility requirements set out in the provisions under the Inland Revenue Ordinance, while following the guidance issued by the Inland Revenue Department ("IRD") of the Hong Kong SAR. Please note that the actual tax benefits of these policies would depend on your personal tax position and there might not be tax deductions benefits if you are not subject to salaries tax and personal assessment in the relevant year of assessment. You should refer to the website of the IRD (www.ird.gov.hk) or contact the IRD directly for any tax related enquiries.

     

    Disclaimer

    The life insurance plans are underwritten by HSBC Life, which is authorised and regulated by the Insurance Authority of the Hong Kong SAR to carry on long-term insurance business in the Hong Kong SAR and is incorporated in Bermuda with limited liability. HSBC Life will be responsible for providing your insurance coverage and handling claims under your life insurance policy. The Bank is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agency of HSBC Life for the distribution of life insurance products in the Hong Kong SAR. The above products are products of HSBC Life but not the Bank and they are intended only for sale in the Hong Kong SAR. They are not a bank deposit or bank savings plan. If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. Your benefit is subject to the credit risk of HSBC Life. Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only.

    In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the above insurance product should be resolved between HSBC Life and you directly. For product details, cooling off period and related charges, please refer to the relevant brochures and policy provisions.

     

    Reference number: R25-BS-DEP0301 / Y25-U5-DEPO0101