Hong Kong man complains about unreasonable regular interest rates on U.S. dollars from banks

Hong Kong man questions the bank's interest rate and exchange rate for regular U.S. dollar payments

A Hong Kong man recently posted on social media questioning whether Hong Kong banks’ interest and exchange rate settings for U.S. dollar time deposits are reasonable. He said, “What’s the point of having an extra 0.3% in U.S. dollar fixed deposits?”

The bank exchange rate is higher than the HKMA linked exchange rate

He further pointed out that the bank's exchange rate for U.S. dollars was higher than the Hong Kong Monetary Authority's linked exchange rate of 7.85 Hong Kong dollars to one U.S. dollar. He bluntly said: "Are people being slaughtered like pigs?"

Interest and exchange rate settings spark controversy

The Hong Kong man's remarks sparked widespread discussion, with many netizens expressing dissatisfaction with the bank's interest and exchange rate settings. Some people think that such a setting is unfair to customers and should attract the attention of regulatory agencies.

Call on banks to treat customers fairly

Some netizens called on banks to treat customers fairly and not treat them like pigs. They hope that banks can review interest and exchange rate settings to ensure that customers' rights and interests are not harmed.

Hope regulators will intervene to investigate

In addition, some people have called on regulatory agencies to intervene in investigations to ensure that banks' operations comply with regulations and should not set unreasonable interest rates and exchange rates for customers. They hope that regulatory agencies can protect the rights and interests of customers and maintain the stability of the financial market.