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What is the best way to manage my salary?

When you receive your salary every month immediately set aside a fixed amount as part of your savings. Ideally, this money should be moved into a separate savings account to avoid withdrawing money from it.

Prepare a simple budget for the remaining amount and make sure that the most important things are accounted for (e.g. debt repayment, remittance, school fees, living expenses etc.).

Learn the best way to manage your salary and save money for your goals by attending our Money Wise Migrants workshop.

Resource & Materials
saving and investing
Useful Links
(ENG) Money Management Tools
Helpful resources from The Chin Family (Investor and Financial Education Council) to help manage your finances.

What are the requirements if I want to open a bank account here in Hong Kong?

It is ideal for you to open a separate bank account when you arrive in Hong Kong to help you manage savings and avoid the temptation to spend money. A separate account also means that your employer can directly deposit your salary. If you intend to open one, discuss how to go about doing this with employer as you may need some documents from them, such as proof of address and a copy of your contract. Remember that different banks have different requirements to open a new account. 

Although we do not recommend any particular bank, here is a comparison of different banks and their requirements so that you can make your own decision about the best option for you.

Citibank
Documents to support address
Both HK and home country address need to be verified an utility bill, bank statement or similar document
Original Employment contract
No
Passport or HKID
Both
Minimum Monthly Balance Requirement
No minimum balance
Over the Counter Withdrawal fee
No fee
Other information
-
HSBC
Documents to support address
Address proof is not required for account opening, except for customers who wish to access investment services
Original Employment contract
Yes but not compulsory
Passport or HKID
It can be just one, also applies to non-permanent HKIDs
Minimum Monthly Balance Requirement
No minimum balance on HSBC One account
Over the Counter Withdrawal fee
No fee
Other information
The initial deposit is HKD2000. Customer is suggested to maintain a positive balance in the account. The letter from the Philippines/Indonesian or other country consulate endorsing the domestic helpers status is not compulsory.
Standard Chartered
Documents to support address
No proof of address needed
Original Employment contract
Yes
Passport or HKID
Both
Minimum Monthly Balance Requirement
No minimum balance
Over the Counter Withdrawal fee
No fee
Other information
-
Bank of China
Documents to support address
No proof of address needed
Original Employment contract
Yes
Passport or HKID
Both
Minimum Monthly Balance Requirement
No minimum balance
Over the Counter Withdrawal fee
No fee
Other information
-
Hang Seng
Documents to support address
No proof of address needed
Original Employment contract
Yes
Passport or HKID
Both
Minimum Monthly Balance Requirement
No minimum balance for ATM Statement Savings Account
Over the Counter Withdrawal fee
No fee
Other infomation
-
BEA
Documents to support address
No proof of address needed
Original Employment contract
Yes
Passport or HKID
Both
Minimum Monthly Balance Requirement
HKD10 for Savings account
Over the Counter Withdrawal fee
No fee
Other information
Annual ATM fee of HKD 50 per card
Resource & Materials
saving and investing
Useful Links
(ENG) Money Management Tools
Helpful resources from The Chin Family (Investor and Financial Education Council) to help manage your finances.

Donate to Enrich

Your support will help migrant domestic workers to escape debt, plan for their future and achieve their dreams.

Why Support Enrich?

Enrich is the leading Hong Kong charity promoting the economic empowerment of migrant domestic workers.

Your support makes it possible for migrant domestic workers to achieve their dreams, with the skills and tools to escape debt, plan for their future and find greater financial stability. We receive no government funding and we do not sell or promote any financial products as part of our programme in order to provide impartial education. Most Enrich participants are self-funding, so every contribution enables us to reach as many of Hong Kong’s 370,000 migrant domestic workers as possible with life-changing education. We are a registered Hong Kong charity (S.88 status). 100% of donations go to our education programmes.
85 %
of Enrich participants save more money
40 %
decrease in participants taking as many loans as possible without a repayment plan
More on our impact Stories of Enrich Graduates

How can you help?

Be a changemaker! Give back to Hong Kong’s hardworking migrant domestic workers by empowering them with the ability to transform their lives through education.
$100

Gift an hour of education

Every little helps! Enable a self-funding domestic worker to access an hour of financial and empowerment education.
$250

Crisis support

An hour of confidential individual financial counselling for domestic workers in financial crisis (e.g. high debt).
$500

Scholarship for one workshop

Provide one migrant domestic worker with the opportunity to attend a four-hour financial or empowerment education workshop.
$2000

Sponsor a full scholarship

Empower a migrant domestic worker with five life-changing financial and empowerment education workshops - 28 hours of education.
Back

Financial Consultation

Confidential individual support for migrant domestic workers in financial dilemma (e.g. loan issues) or who have critical financial decisions to make. The Financial Consultation does not provide monetary assistance or loans to migrant domestic workers.

Intro

At Enrich, we treat financial health very seriously. In much the same way you can approach a counsellor for your mental or emotional health needs, we provide a safe, non-judgmental space for domestic workers to talk about financial issues. Each session is treated on a confidential, one-to-one basis unless you prefer to be accompanied by another person, such as your employer (or a trusted friend).

If you are a migrant domestic worker who needs free, unbiased financial guidance, make an appointment with us for a free two-hour consultation. 

If you are an employer of a domestic worker, you can certainly book a financial consultation appointment for your helper. You can also access our resources to help protect you and your helper from further financial issues.

Session fee

For self-funding domestic workers: FREE

For employers of domestic workers: HK$250 to sponsor your helper for a financial consultation appointment. Learn about sponsoring your helper.

How we help

We encourage booking an appointment in advance for issues relating to the following:

  1. Personal finance (i.e. budget or savings issues)

  2. Loans/debt management

  3. Major financial decisions (i.e. as business or investments)

Make an Appointment
Back

Long-term Mentoring

Three-month mentoring with a corporate mentor to work towards your goals.

Intro

Are you ready to commit towards achieving your goals? Enrich partners with various corporates to provide migrant domestic workers with ongoing mentorship. In this programme, you will work together with a volunteer corporate mentor over three months to help progress towards your targets. Please note that mentoring sessions are run at different times of the year - check back regularly for our most updated schedule.

Session fee

FREE

Click here to register

Key Takeaways

  • Coaching: Walk away from the session with greater encouragement and coaching to follow-through with the money-management skills you have learned.
  • Progress in your goals: Identify specific goals which you need extra support to achieve and use this opportunity to work towards them.
  • Ongoing feedback: Learn from an expert over 3 months - run an idea past your mentor, ask them for regular feedback or brainstorm with them.

Now open for register

Work With Us

Passionate about empowering others through education? Join our growing team.

About Enrich

Enrich is an award-winning Hong Kong charity promoting the economic empowerment of migrant domestic workers.

We empower migrant domestic workers to invest in themselves through financial and empowerment education. Our workshops equip migrant domestic workers with the tools to save, budget, and plan for a future with greater financial security while they are here in Hong Kong.
96 %
start tracking their expenses after Enrich workshops
85 %
of Enrich participants save more money
More about our impacts Stories of Enrich Graduates
Why join Enrich?

We’re a small but growing team from diverse backgrounds and cultures. We’re on a mission to transform the lives of Hong Kong’s migrant domestic workers through financial education and personal development programmes. Want to join us? Explore our job openings below.

Job Openings

Strategic Partnerships Officer

Apply

Partner with Enrich

You can be a changemaker by supporting financial inclusion in Hong Kong

Why Partner With Us?

Together we can build a more inclusive Hong Kong for migrant domestic workers.

We believe that financial literacy is the solution for migrant domestic workers who are particularly vulnerable to financial struggles, scams and exploitation in Hong Kong. Financial education has the ability to empower not just migrant domestic workers, but their families and communities as well.
Engagement
Enable your employees to create a more inclusive city using their professional expertise.
Be a thought leader
Play a key role in promoting the importance of financial literacy.
Give back
Many of your employees are also employers. Empower them to give back to those who enable them to come in to work every day.
About Enrich Our Annual Report

Become a Corporate Partner

30+ corporates in various industries

Since 2007, we have worked with 30+ corporates in various industries, such as CLSA, Macquarie, KPMG and King & Wood Mallesons. Our experienced team will ensure a partnership with Enrich is engaging, motivating and rewarding for all involved. We offer tailor-made partnerships for various industries and levels of engagement. To find out about working together, please contact us.
"Powerful, well-intentioned and well-run program"
a Volunteer Corporate Mentor

Our Impact

“I learned a lot like being more mindful about spending money even on petty expenses.”

Impact is very important to us and we constantly evaluate our programmes. Research shows that our workshops have a life-changing impact on migrant domestic workers’ financial knowledge, behaviour and confidence.
More about Our Impact
30000 +
programme participants since 2007
96 %
now track their expenses

Become a Programme Partner

We believe in collaboration! We work with a wide range of programme partners in order to reach more migrant domestic workers with life-changing financial and empowerment education. Contact us to find out more.
Back

One-off Mentoring

A half-day mentoring session for migrant domestic workers who have attended at least Money Wise Migrants.

Intro

In this half-day session, you will be paired one-to-one with a volunteer corporate mentor who will review your progress with you and discuss any challenges you face in achieving your financial plans and goals. Please note that mentoring sessions are run at different times of the year - check back regularly for our most updated schedule.

Session fee

FREE

Click here to register

Key Takeaways

  • Progress check: Are you on your way to achieving your goals? Find out where you’re doing well and what areas you can improve in.
  • Coaching: Walk away from the session with greater encouragement and coaching to follow-through with the money-management skills you have learned.
  • Confidentiality: Speak openly and learn from an expert.

Now open for register

Become a Volunteer

Volunteer your time and expertise to empower migrant domestic workers.

You can be a changemaker! Volunteering is a great way to help the migrant domestic worker community and support financial inclusion in Hong Kong. It is also an opportunity to use your skills for a valuable cause or maybe gain work experience.

We are a busy, multicultural team and we always look for support from volunteers with a variety of skills. Our most common volunteer needs include helping during our Sunday outreach events, being a mentor at one of our mentoring sessions or introducing Enrich to new supporters.

As we aren’t always able to respond to the high-volume of volunteer emails we receive, we send out a monthly email detailing our upcoming volunteering needs. Fill out the form below to receive this email and hear about our volunteering opportunities.

Any volunteer roles we have currently available will be advertised below. Please do keep checking back for the most updated opportunities.

Apply to be an Enrich volunteer

Volunteer Opportunities

Fundraising Committee Members

Apply

Join Enrich full-time? See our job openings

Work With Us
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