WeLab Bank – HK Virtual Bank 4+

Where Life Meets Intelligence

Welab Bank Limited

    • Free

iPhone Screenshots


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

• Open a bank account seamlessly in as fast as 5 minutes online#, faster than brewing a cup of coffee
• Groundbreaking time deposit interest rates that gives you ultra flexibility
• Managed by investment experts, “Digital Wealth Advisory” enables you to diversify investment with ease. Featured Funds covering top funds, enjoy no subscription fee1

• 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!

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

• Instant access to a virtual WeLab Debit Card
• Get a free numberless physical WeLab Debit Card3
• Spend with ease! Wherever you like, whenever you like

• WeLab Bank exclusive “Loan Masters4", combined by high-end intelligent systems to provide assistance to you at any time
• 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

• 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
• In-app and phone support from our friendly customer service agents based in Hong Kong. We are always here to help.

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.

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.

#Actual time to open this Hong Kong virtual bank account with WeLab Bank may vary depending on factors such as your connectivity and mobile phone.

1 0.08% monthly platform fee will be charged for featured funds service.

2Note: 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.

*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.

3 WeLab Debit card will deliver to Hong Kong mailing address onlyWe do not send physical cards to customers with non-Hong Kong addresses. Customers can binded linktheir WeLab Debit Card to their e-wallet for making transactions.

4 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.

The App and its information are not intended for use in jurisdictions where prohibited by law or regulation.

What’s New

Version 1.7.40

Optimize application security and include a dedicated field for important notification information.

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:

  • Location
  • Contacts
  • Usage Data
  • Diagnostics

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


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