CNCBI inMotion: Integrated Banking and Fantastic Promotional Rates

CNCBI inMotion: Integrated Banking and Fantastic Promotional Rates

With Great Account Features, Convenience, and Promotions, This Savings Account is Truly One of Hong Kong's Best

Good for

  • Customers looking for an all-in-one, integrated banking experience
  • Customers who prefer to handle banking needs via mobile phone
  • Customers hoping to earn high interest and promotional rewards

Bad for

  • Customers who prefer a more traditional banking experience
  • Customers who want to earn interest above 0.0010% outside of promotional periods

Editor's Rating

4.5/5.0

CNCBI inMotion by CITIC Bank powerful mobile app that emphasizes convenience, making personal banking, wealth management, and investing accessible at your fingertips. In addition to the integrated banking experience, CNCBI inMotion customers benefit from access to CITIC and other JETCO banks such as Bank of China, Standard Chartered, and Citibank, among others, large networks of no-fee ATMs throughout Hong Kong. Moreover, inMotion offers impressive promotions such as a bonus interest rate as high as 5.88% and other cash back opportunities.

ProsCons
  • Fantastic promotional rewards, including a maximum promotional interest rate of 5.88% for new customers
  • Integrated banking experience through just one application
  • Maximum no-fee ATM access due to CNCBI's membership in the JETCO consortium
  • After the promotional period, max EIR becomes 0.0010%
  • Although banking can be done completely online, registering for a new account must be done at a CNCBI branch location
Promotion The CNCBI inMotion account offers several attractive promotional offers, which we have detailed below.
Pros & Cons
Pros:
  • Fantastic promotional rewards, including a maximum promotional interest rate of 5.88% for new customers
  • Integrated banking experience through just one application
  • Maximum no-fee ATM access due to CNCBI's membership in the JETCO consortium
Cons:
  • After the promotional period, max EIR becomes 0.0010%
  • Although banking can be done completely online, registering for a new account must be done at a CNCBI branch location
  • Promotion The CNCBI inMotion account offers several attractive promotional offers, which we have detailed below.

What Makes CNCBI inMotion Stand Out?

Several features make the CNCBI inMotion account stand out from other banking options in Hong Kong. Firstly, there is the factor of convenience. inMotion is one of the most standout choices for customers. Not only are inMotion accounts able to be integrated for customers' cheque, savings, investing, and time deposit needs, they are also accessible through just one application. Customers who would like to set up multiple accounts are encouraged to streamline the process by applying for the CNCBI inMotion account or similarly integrated accounts.

Furthermore, the CNCBI inMotion account supports multiple currencies on its platform and benefits from Hong Kong's largest ATM network. Indeed, customers may deposit and withdraw from several currencies, including Chinese RMB, at CITIC branch locations and earn comparable savings rates as with HK Dollar deposits. Customers may also withdraw cash at no fee at over 2,600 CITIC, Bank of China, Standard Chartered, Citibank, and other JETCO ATMs throughout Hong Kong.

Finally, CNCBI inMotion's promotional bonus interest rate of 5.88% is the highest available rate in Hong Kong. Even though the rate is only available in May 2021, the previous months' promotional rates of 0.28% in March 2021 and 0.88% in April 2021 are still among the highest in Hong Kong. Even after the promotional period, the 0.0010% interest rate for deposits above HK$5,000 is still consistent with most savings accounts in Hong Kong. Read more below to learn more about CNCBI inMotion's unique promotional rewards.

CNCBI inMotion Account Interest Rates

Deposit AmountInterest Rate
MONOPOLY New Customer Bonus Rate
  • Registration date to 31 March 2021: 0.28%
  • 1 through 30 April 2021: 0.88%
  • 1 through 31 May 2021: 5.88%
Under HK$4,9990.0000%
HK$5,000 and above0.0010%
Existing customers are also eligible for the bonus rate, with an adjustment of a maximum EIR of 1.08% p.a. From 1 to 31 May 2021. Eligible new funds must fall within the range of HK$10,000 to HK$500,000.

CNCBI inMotion Account Interest Rates

Deposit Amount

Interest Rate
New Customer Bonus Rate
  • Registration date to 31 March 2021: 0.28%
  • 1 through 30 April 2021: 0.88%
  • 1 through 31 May 2021: 5.88%
Under HK$4,9990.0000%
HK$5,000 and above0.0010%
Existing customers are also eligible for the bonus rate, with an adjustment of a maximum EIR of 1.08% p.a. From 1 to 31 May 2021. Eligible new funds must fall within the range of HK$10,000 to HK$500,000.

CNCBI inMotion Details & Requirements

Details and Requirements
Minimum Age Requirement18
Proof of Identification / AddressValid Hong Kong identity card and permanent Hong Kong residence proof
Minimum Initial DepositHK$0
Minimum Balance RequirementHK$0
Fall-Below FeeN/A

Promotional Offers

Standing alone, CNCBI inMotion is already a useful and convenient account option to support customers' banking and saving needs. However, the various promotional rewards endowed by the account make it truly outstanding. In addition to bonus interest for new customers, inMotion features various promotions for other banking services that are sure to sweeten the deal. For your convenience, we have listed all possible CNCBI inMotion rewards below:

  • MoneyHero Exclusive Offer: Customers who sign up for the CNCBI inMotion account multi-currencies savings account, integrated account, and Motion Virtual credit card are eligible to receive an additional HK$50 supermarket voucher. Read here for more information about the promotion and here for reward redemption information.
  • MONOPOLY Deposit New Customer Bonus Rate: See the above table detailing interest rates for exact rates, or click here for more information.
  • MONOPOLY Referral Reward Programme: New and existing customers can earn up to HK$3,000 in total rewards when they successfully refer 10 new customers to CNCBI inMotion using valid referral codes. You can obtain the referral code by visiting CNCBI's website.
  • Chinese New Year e-Lai-See Promotion: Despite the pandemic, you can still participate in the spirit of the New Year with friends and family. Customers can send each other virtual Lai See to celebrate the Chinese New Year and even download a free exclusive Chinese New Year-themed WhatsApp sticker pack. Click here for more information.

How does CNCBI inMotion Compare to Other Options?

Read our comparisons of CNCBI inMotion with other savings accounts in Hong Kong and learn what makes each account unique in its own way. We compare and contrast each account to help you to identify which best suits your needs.

CNCBI inMotion vs. HSBC One Account

Consider this if you desire an integrated account but prefer to bank with HSBC.

HSBC One Account makes an apt comparison to the CNCBI inMotion account, as the two share many signature qualities. For instance, both accounts emphasize ease for customers to have integrated cheque, savings, and other accounts through only one application. In addition, both accounts heavily feature mobile and online banking capabilities, and customers of both accounts are able to manage their finances and investments via each bank's mobile platform.

However, two notable differences may make CNCBI inMotion more appealing. First, there are more no-fee ATMs available in Hong Kong for CITIC customers (and other JETCO affiliate banks) compared to HSBC. Second, the promotional rewards offered by the CNCBI inMotion account are the best in Hong Kong regarding interest rates. However, because the HSBC One Account does contain great rewards in its own respect and HSBC—despite not being a JETCO bank—still boasts a very reputable brand and thousands of ATMs, much of the difference between these two accounts will depend on consumer loyalty and comfortability.

Details & Requirements
Minimum Age Requirement
  • 18 to sign up for your own account
  • Customers aged 11-17 can apply with parental/guardian sponsorship
Proof of Identification / Address
  • Hong Kong citizens: HK identity card and residential address proof
  • HK non-permanent residents: HK identity card or valid travel document (e.g. passport), and current residential address proof
  • Non-HK residents: valid travel document and current residential address proof
Minimum Initial DepositHK$0
Minimum Balance RequirementN/A
Max EIR0.0010%
  • 0.000% (under HK$5,000)
  • 0.0010% (HK$5,000+)

CNCBI inMotion vs. Bank of China Savings Account

Consider this if you need maximum flexibility for foreign currency deposits or would like to earn consistently higher interest rates.

Bank of China Savings Accounts are another no minimum deposit savings account option that customers should be aware of. Compared to CNCBI inMotion, its banking capabilities are more limited, as Bank of China customers must separately apply for cheque, time deposit, and investment accounts. However, there are two major benefits to Bank of China's service compared to CITIC: wider flexibility with foreign currencies and a marginally higher interest rate of 0.0020% for savings deposits of over HK$1,000,000.

For customers who frequently use foreign currencies and earn a high income such as businesspeople, Bank of China's savings accounts might be a more consistently attractive option. However, those enticed by promotional rates and other cash back opportunities may prefer CNCBI inMotion. Regardless of your preference, you should regard both banks' savings accounts as among the best in Hong Kong.

Details and Requirements Minimum Age RequirementN/A
Proof of Identification / AddressHK identity card and proof of residence
Minimum Initial DepositHK$0
Minimum Average Daily BalanceN/A
Max EIR0.0020% p.a.
  • 0.000% (under HK$3,000)
  • 0.0010% (HK$3,000 - HK$999,999)
  • 0.0020% (HK$1,000,000+)

CNCBI inMotion vs. Hang Seng Savings Accounts

Consider this if you prefer banking with Hang Seng and are familiar with its services.

Hang Seng Savings Accounts, is a very similar account to CNCBI inMotion in terms of account features. The accounts share the same interest rate scheme, mobile and online banking capabilities, and even compatibility with foreign currencies. However, there are a few differences.

The first is the difference in ATM network size between CITIC and Hang Seng. Because CITIC belongs to the JETCO ATM consortium, there are approximately 1,600 more no-fee ATMs accessible by CITIC customers in Hong Kong than Hang Seng customers. Nevertheless, both banks and networks are still incredibly reputable and convenient for customers. The second, and perhaps more impactful, difference comes in the banks' promotional offers. Although the promotional rate of CNCBI inMotion is the best in Hong Kong, Hang Seng's various savings account options also offer unique benefits. You can read more about them in our review.

Details & Requirements
Minimum Age RequirementN/A
Proof of Identification / Address
  • Hong Kong Residents: HK Identity Card or Certificate of Exemption issued by HK Government AND residential address proof
  • For foreigners' requirements and more details, visit Hang Seng's website
Minimum Initial DepositHK$0
Minimum Balance RequirementN/A
Fall-Below FeeN/A
  • Minimum/Base Rate: 0.0010%

CNCBI inMotion vs. Citibank Savings Accounts

Consider this if you bank with Citibank and are interested in potentially upgrading your savings account to emphasize investments.

Citibank Savings Accounts are another great integrated account option. Compared to CNCBI inMotion, Citi's savings accounts do not present as many opportunities for cash back and additional rewards. Both bank's customers may benefit from the JETCO ATM network for no-fee cash withdrawals, no minimum deposits, and online/mobile banking capabilities. However, CNCBI inMotion's promotional interest rate offers customers an unparalleled opportunity to earn bonus savings.

Citi may have more powerful banking options suiting higher income customers' needs. Although the maximum interest rate of CNCBI inMotion and all Citi accounts is 0.0010%, the Citi Priority account (minimum deposit: HK$500,000) emphasises growing wealth through equity investments. Read our full review of the Citi Priority account here.

Details & Requirements
Minimum Age RequirementN/A
Proof of Identification / Address
  • Hong Kong Citizens: HK identity card and residential address proof
  • HK Non-Permanent Residents: HK identity card or valid travel document (e.g. passport), and current residential address proof
  • Non-HK Residents: valid travel document and current residential address proof
Minimum Initial DepositHK$0 to HK$500,000 (for Citibank Priority Banking)
Minimum Average Daily BalanceHK$0 to HK$500,000 (for Citibank Priority Banking)
Max EIR0.0010% p.a.
  • Minimum/Base Rate: 0.0010%
黄奭彤

黄奭彤 (Seaton Huang) is a Junior Research Analyst covering consumer finance products in Hong Kong. As an alumnus of Columbia University (M.A., 2020), Northeastern University (B.A., 2019), and a former Fulbright Fellow at Shaanxi Normal University (2018), he has significant academic and analytical expertise in the economic and political terrains of China, Hong Kong, and Asia Pacific. His past research has concerned the socioeconomic effects of mobile payment systems in China and the efficacy of China's Belt and Road Initiative in Central Asia, among other poignant topics in contemporary Asia.