The Hong Kong Deposit Protection Board (the Board) is an independent statutory body formed under the Deposit Protection Scheme Ordinance to oversee the operation of the Deposit Protection Scheme (DPS). The DPS protects your deposits placed with Scheme members and the protection is statutory.


What is the DPS Coverage?

• All deposits denominated in Hong Kong dollars, Renminbi or any other currency deposits held with the Hong Kong Offices of a Scheme member are protected. Currently, the maximum protection is up to HK$500,000 per depositor per Scheme member, including both principal and interest. With effect from 1 October 2024, the protection limit will be increased to HK$800,000.
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• The following types of deposits are protected:
• ✓Conventional deposits with Scheme members (e.g. savings deposits, current account deposits and time deposits with a term not more than 5 years)
• ✓Deposits held by individuals (including joint account) or corporations
• ✓Secured / pledged deposits
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• Deposits in separate accounts for the same depositor in the same bank will be combined for calculating the protected deposit amount.
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• The following types of deposits are not protected:
• ✗Structured deposits (e.g. foreign currency linked deposits and equity link deposits)
• ✗Time deposits with a maturity longer than 5 years
• ✗Bearer instruments (e.g. bearer certificates of deposit)
• ✗Offshore deposits (e.g. deposits with overseas / mainland China offices of a Scheme member)
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• Eligible deposits are protected by the DPS automatically. Also, depositors do not need to pay for the protection.
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• Other key features of the DPS

Who is a Scheme member of the DPS?

List of Scheme members --- they must display the following membership sign at their places of business.


(This membership sign is in use until 30 September 2024)


How does the Scheme work?

Bank failure is rare in Hong Kong. In case a Scheme member fails and your deposits are eligible for protection, the DPS will compensate you.


Want to know more?

Want to have a peace of mind? It is just easy to find out more information from our information leaflet or our FAQ. Also, depositors can also check with their banks whether their deposits are protected.