Octopus Wallet
If you've got any questions about how we can make your life easier, please check out our FAQ.
OKAbout Octopus Wallet
Octopus Wallet, previously known as Octopus O! ePay, is a network-based stored value service operated and managed by Octopus Cards Limited, that supports P2P payments, top-ups from/to Octopus Cards, online payments and fund transfers from/to any bank and e-wallet accounts through the Faster Payment System anytime and anywhere.
There are three types of Wallets available for application – namely Lite, Plus and Pro (Verified), you can choose the one suits your needs the best.
| Wallet Lite |
|---|
| 12 years old or above |
| Sign up with your Hong Kong mobile number and email address |
| Stored Value Limit: $3,000 |
| Annual Transaction Limit: $25,000 |
| - |
| Wallet Plus* |
|---|
| 13 years old or above |
| Sign up with your personal information, take a photo of your HKID, take a selfie for identity verification and input your residential address via Octopus App |
| Stored Value Limit: $10,000 |
| Annual Transaction Limit: $100,000 |
| With Faster Payment System eDDA (electronic Direct Debit Authorisation) instant bank transfer service# |
| Wallet Pro (Verified) |
|---|
| 18 years old or above |
| Sign up with your personal information, take a photo of your HKID, take a selfie for identity verification and input your residential address via Octopus App |
| Stored Value Limit: $30,000 |
| Annual Transaction Limit: $500,000 |
| With Faster Payment System eDDA (electronic Direct Debit Authorisation) instant bank transfer service |
* Octopus Wallet Plus application is now only available for users who aged 13-17. Any changes made to Octopus Wallet would not affect the management of Octopus Card via Octopus App, and the collection of Government's public transport fare subsidy and consumption vouchers. Existing Octopus Wallet Plus users (on or before 31st December, 2022) are not affected and the services will remain the same.
＃The service is only applicable to selected banks. For details, please inquire with the bank.
If you don't have a HKID, you can't apply for an Octopus Wallet Plus and Pro (Verified). But you still can apply for Octopus Wallet Lite by signing up with your mobile number and email address.
Please refer to the table below for fees and charges currently applicable to Octopus Wallet:
| Octopus Wallet Fee | Waived |
|---|---|
| P2P Payment Fee | Waived |
| Fund Transfer Fee |
|
| Octopus Wallet Cancellation Fee | Waived |
| Paper Monthly Statement Fee | HK$50 per print-out of monthly statement up to 7 years |
| Limit | Wallet Lite | Wallet Plus | Wallet Pro (Verified) |
|---|---|---|---|
| Stored Value Limit* | HK$3,000 | HK$10,000 | HK$30,000 |
| Daily Transaction Limit? | HK$3,000 | HK$6,000 | HK$30,000 |
| Annual Transaction Limit? | HK$25,000 | HK$100,000 | HK$500,000 |
| Monthly fund transfer limit from Linked Octopus under Octopus Wallet Plus and Octopus Wallet Pro (Verified)? | HK$3,000 | HK$6,000 | HK$10,000 |
| Limit for Receiving FPS Fund Transfer in Each Transaction ? | HK$3,000 | HK$6,000 | HK$10,000 |
| Annual Spending Limit for Octopus Mastercard? | n/a# | HK$100,000 | HK$500,000 |
| Annual Spending Limit for Octopus UnionPay Card ? | n/a | HK$100,000 | HK$500,000 |
| Daily Transaction Limit of “FPS x PromptPay QR payment” | n/a | HK$6,000 | HK$10,000 |
For more information, please refers to Conditions of Issue of Octopus and Schedule of Fees and Guidelines relating to the use of Octopus.
* For smart tips on float management, please refer to this link.
#The old Octopus Mastercard (without "EEA" mark in the top right corner) was terminated on 27 December 2023.
The Daily Transaction Limit will be applied to the daily total of the following transactions:
- P2P payment (from your Wallet)
- Fund transfer to Octopus Card
- Payment for goods and services
- Fund transfer to bank / e-wallet
The default setting is HK$3,000, but you may adjust the limit under "More" > "Settings" > "Account Settings" > "Transaction Limits" in your Octopus App.
The annual transaction limit will be applied to the annual total of the following transactions:
- P2P payment (from your friends)
- Cash top-up through designated merchants
- Fund transfer from Octopus Card
- Fund transfer from bank / e-wallet
You may check the starting date for the annual transaction limit under "More" > "Settings" > "Account Settings" > "Transaction Limits" in your Octopus App.
The monthly fund transfer limit from Linked Octopus under Octopus Wallet Plus and Octopus Wallet Pro (Verified) applies to the total fund transfer amount from any linked Octopus Card(s) to your Octopus Wallet within a calendar month.
In addition, the maximum aggregate amount of fund transfer from a single linked Octopus Card to any Octopus Wallet Lite in a calendar month is HK$5,000.
This limit refers to the amount of receiving payment to be credited to your Octopus Wallet in each transaction through a FPS Participant.
The "Annual Spending Limit" refers to the maximum aggregated amount of payment transactions made by your Octopus Mastercard / Octopus UnionPay Card in an anniversary year of issuance of your Octopus Mastercard / Octopus UnionPay Card.
When you turn 18, your Octopus Wallet Plus will continue normal service. You can also upgrade to Octopus Wallet Pro (Verified) using your new adult HKID card to get higher transaction and stored value limits.
If you are an Octopus Wallet user, you may opt to not receive any direct marketing materials from Octopus Cards Limited relating to our products and services (including use of Octopus at our Service Providers and use of Octopus Wallet Services at our Authorised Partners) through various channel(s) - including email, SMS and Octopus App Push Notification - by using your personal data via Octopus App "More" > "Settings" > "App Settings" > "Direct Marketing". You may also opt out by contacting us. The request will be effective within 10 working days.