WeLab Bank – HK Virtual Bank 4+

Growing your money together

Welab Bank Limited

    • Free

iPhone Screenshots

Description

WeLab Bank understands your needs. We help you to manage, save & grow your money, so you can sit bank, relax and live life the way you want.


START INVESTING WITH FUNDS^:
WeLab Bank offers two ways of fund investing. 1) Featured funds: Select your funds from a list of popular funds from global fund houses 2) Digital Wealth Advisory: Receive personalized portfolios recommended by our smart system.
• Funds from global fund houses
• No lock-up, redeem funds any time
• Start investing at HKD100


GOSAVE 2.0 TIME DEPOSIT:
• Various deposit tenors to manage your financial needs better
• As little as HKD10 to start saving and making your wallet wealthier
• Place and start your savings journey anytime and anywhere without waiting
• Unique and surprise offers are always there for you!


GOOD LOOKING ALL-IN-ONE CARD
• Instant access to a virtual WeLab Debit Card
• Get a free numberless physical WeLab Debit Card
• Spend with ease! Wherever you like, whenever you like


WELAB BANK PERSONAL LOAN
• WeLab Bank exclusive “Loan Masters"@, combined by high-end intelligent systems to provide you 24/7 assistance
• Get preliminary approval in just 3 steps, all via your WeLab Bank app
• Enjoy low interest monthly fixed loan, and zero handling fee
• Card Debt Consolidation Plan providing personalized solution to help you save up to 97% interest expense


GIVING YOU A PEACE OF MIND
• Instant notifications on every transaction
• Modern technology that gives you control of your own spending. Set your payment limits, activate your card - all in just a few taps
• Your eligible deposit is protected by the Deposit Protection Scheme up to a limit of HKD 500,000 per depositor#
• 24/7 in-app and phone support from our friendly customer service agents based in Hong Kong. We are always here to help


SECURE BANK:
Not only do we provide you the security of a bank regulated by the Hong Kong Monetary Authority (BTW your money is protected under the Deposit Protection Scheme up to HKD500,000#), we also deliver a simple, intuitive experience centered around you - the way modern banking should be!


To borrow or not to borrow? Borrow only if you can repay!


Services and offers mentioned above are subject to relevant terms and conditions. Please refer to our webpage for details.


^ Note: Information is for reference only and does not constitute any investment advice, offer or solicitation to offer or recommendation of any investment product. Investment involves risks.


@ Loan Masters refer to WeLab Bank’s self-developed approval system that works in tandem with the team that follows up with the customers, to provide professional advice to customers based on their unique loan requirements and financial situations.


#WeLab Bank Limited is a member of the Deposit Protection Scheme in Hong Kong. Eligible deposits taken by WeLab Bank are protected by the Scheme up to a limit of HKD 500,000 per depositor.


*We categorise the funds into different investment themes set by us based on the funds' information and provide theme descriptions. Information relevant to the funds and categorisation is for reference only and does not constitute a solicitation, offer or investment advice.

What’s New

Version 1.7.10

GoWealth now upgrades goal setting progress. Go get your investment persona with one click.

Ratings and Reviews

3.5 out of 5
1K Ratings

1K Ratings

lennypenny2468 ,

Quick & easy

I don’t think I ever need to go to a bank branch again! Onboarded really quickly and easy to request a card and transfer money to save immediately into a GoSave! Still want to see more features though like bill pay so I can start using it as my main bank account!

Developer Response ,

Welcome to a new world of banking! Stay tuned with us for latest update on @welab.bank Instagram! Thanks for your support🥳

reviewer_gw ,

Great onboarding but card is misleading

Great oboarding experience and good UI.

One key challenge to the process is that the card isn’t fully “functional “ on day 1, it’s a little misleading. You can only purchase online on day 1 and cannot use at offline stores as apple wallet isn’t supported ? So you have to wait for the physical card to arrive before you can actually pay in stores. Also, given COVID, the mail is very slow in Hong Kong (not WeLab problem ) so it’s took over 3 weeks for my card to arrive.

Developer Response ,

Glad to know you love our app ❤ Congrats for getting the "FOUNDING MEMBER" card! Don't miss out our 8% cash rebate promotion: https://www.welab.bank/en/feature/8-cash-rebate

Gooner U.K. ,

Easy to use

Have started to use as alternative to Neat that I was using but had been having big problems with allocations to the card and then only once a week and limited banks via FPS. So far liking WeLab a lot and be god when more features added but good launch product

App Privacy

The developer, Welab Bank Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Contact Info
  • Identifiers
  • Usage Data

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • User Content
  • Identifiers
  • Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Contacts
  • Usage Data
  • Diagnostics

Privacy practices may vary based on, for example, the features you use or your age. Learn More

Supports

  • Wallet

    Get all of your passes, tickets, cards, and more in one place.

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