HSBC Mobile Banking "returns" to Yuen Long to coincide with the first occupancy of the simplified public housing

HongKong Economic Journal
2025.04.07 08:27

HSBC announced that its mobile banking service will "return" to Yuen Long, in line with the opening of the first simplified public housing project. Every Monday, the mobile bank will provide services in the southern area of Yuen Long Yau Ma Tei Road, from 9 AM to 5 PM, offering cash deposit and non-cash transaction services. HSBC first introduced mobile branches in 1961 and currently operates three modern mobile banking vehicles, covering 20 public housing estates in Hong Kong, Kowloon, and the New Territories

HSBC pointed out that with the completion of the first modular public housing project, mobile banking will be arranged to "return" to the Yuen Long area, stationed at the Yuen Long Yau Ma Tei South Modular Public Housing every Monday, providing services to residents from 9 AM to 5 PM. In addition to cash deposit services, there will also be a "quick book" service for customers to update their transaction records. The on-duty banking officer will provide non-cash transaction services such as account opening.

HSBC stated that it first introduced mobile branches in Hong Kong as early as 1961. Utilizing armored vehicles converted into mobile banks, they visited remote rural areas in the New Territories to provide services to customers, with bank staff and armed security personnel stationed at each mobile branch. According to records, the first mobile bank began service on May 15, 1961, with its first station at Sham Tseng Village, directly opposite the then San Miguel Brewery. The services of this mobile bank also covered areas such as Yang Uk Village in Tsuen Wan, the Dai Po Housing Estate, and Kwai Chung Village. The mobile bank managed by the Yuen Long branch was stationed in Kam Tin to serve local residents in 1962.

With the development of community and branch networks, mobile banking ceased around 1970. It wasn't until June 24, 2016, that modernized mobile banking services reappeared. Currently, HSBC has three mobile banking vehicles that visit a total of 20 public housing estates in Hong Kong, Kowloon, and the New Territories from Monday to Saturday (excluding public holidays). After nearly six decades, the appearance and equipment of mobile banks have been fully upgraded, now replaced by environmentally friendly vehicles equipped with solar panels, which also feature automatic teller machines, barrier-free facilities, and meeting rooms