Account opening and access customer support see all. In fact, many local service provider completely lack the knowledge regarding suitable banks and the latest bank account opening requirements in hong kong. All major banks hsbc, dbs, bank of china, etcetera requires that you visit a branch in hong kong, in order to open a business bank account. Jan 24, 2018 why did you want to open a hsbc hong kong bank account. Manage your money online, via atm, phone or at an hsbc branch.
Make sure you open the same bank account if you have to do transaction regularly. An rmb account in the joint name of a hong kong resident and a nonhong kong. Enjoy high interest rate on your hsbc fixed deposits and avail of our special interest rates for select tenures consult your customer service officer on available options choose the best tenure from a wide range as per your convenience. Visit a branch with the required documents pdfrequired documents pdf this link will open in a new window. Please note that if you wish to open an account at your appointment, you must already be resident in the uk.
First thing first before open bank account in hong kong, let us have a look at what are the advantages of having a corporate bank account in hong kong. The quick answer is, you need to be in hong kong to open your bank account. In hong kong, nonresidents only need to present proof of a home country address in order for a bank account to be opened on their behalf. I know there are time deposits and it depends on how much one is willing to invest and for. An address proof is a document showing your name and address such as a utility bill, mobile phone bill. Make an appointment for account opening hang seng bank.
A flexible way to manage your cash flow and finances. Your local branch in your home country will help you complete the necessary paperwork and send everything to the hong kong branch. An hsbc bank account number is required, as well as the clients pin or phone number. Book an appointment book an appointment book an appointment for hours and locations of. Hsbc commercial banking hong kong provides multiple business account choices to empower your business. Business integrated accounts hsbc commercial banking. They must contact an advisor in person by visiting a hsbc bank branch or book an appointment by phone. Access your money 24 hours a day using your atm card, via phone or online. Applicants are required to provide their hkid number. Hong kong residents can apply for a bank account through the online application on the banks site. Customers can also apply directly at the bank branch. To open a hsbc savings account, please submit the following documents. Open a hsbc bank account online account opening hsbc hk.
After choosing a bank and preparing your due diligence documents, you will have to book a trip to hong kong to open the account in person at the bank. A passportsize photograph of yourself and all other accountholders, which must be. Book an appointment this link will open in a new window. Jun 01, 2019 living outside of your home country, in a country that may not be as easy, transparent, or just culturally different is difficult and confusing. Process of opening a hsbc hong kong bank account with. Yes, uk citizens who are not hk permanent residents are accepted, there are the same rules for everyone who wishes to open account. To open a current account many banks will require you to be a resident in the united kingdom uk. Make sure you open the same bank account if you have to do transaction regularly to a particular person. Cheques are still used in hong kong to a large extent, so it is useful to set up a chequecurrent account with a cheque book. If you are opening a joint bank account then both parties must be present with identity cards. International account opening hsbc hk hsbc hong kong. This article serves to compare features of a corporate bank account across major banks in hong kong. However, it is important that you do not provide your account, credit card numbers, convey any confidential information or banking instructions in the remarks section.
Although the information on this page is encrypted during transmission, we recommend that for security reasons, you do not include any account or card details in the reason for your appointment request. Straightforward, streamlined daytoday banking, designed to make your life easier. It spread its activities across africa, asia, europe, north america and south america with more than 8,000 established offices, and around 60 million custome. Hence, the documents required for the account opening may differ. Please call the hotline to inform the bank officer for the time and branch you would like to have the meeting. Todays show we have chris moore, a buddy i met on dynamite circle and moved to shenzhen, china about 6 months ago, discusses his process of getting a personal bank account setup in hsbc hong kong. If youre between 717 yearsold you may be able to apply for a childrens bank account. Hong kong residents aged 1865 who do not currently hold any hsbc banking or investment accounts and credit card.
An address proof is a document showing your name and address such as a utility bill, mobile phone bill, bank or credit card statement, etc. They want to meet all the directors and significant shareholders of the company to know who the client is. If you still wish a company bank account in hong kong, startupr can help. Available in 37 countries open an account in 37 different countries including australia, france and hong kong.
You must complete all fields that are marked with an asterisk. Businesses looking apply for an hsbc account may not apply online. Please understand theres no need to open a hong kong bank account for a hong kong registered company. Bochk helps maximise your wealth potentials with innovative, professional and diversified services, striving to become your premier bank. We notice that you have not completed the integrated account. Citibank offers a range of savings and checking current accounts that enable you to easily accumulate capital and manage your finances.
Can a uk resident open a personal hong kong bank account. To open a bank account in hong kong you need an address proof in addition to your passport. An international or offshore bank account is one opened in a jurisdiction different from where a company is incorporated. For details, please refer to our notes for account application pdf. Bank accounts savings, current, time deposit hsbc hk. Ive talked to almost every bank in hong kong over a 2 day full time effort, and all needed the directors to come in person. Come visit us at one of our locations, or book an appointment so we can find you the right person to help. Hong kong dollar savings account foreign currency interest rates. Access your account 24 hours a day via hsbc personal internet banking or phone banking. Living outside of your home country, in a country that may not be as easy, transparent, or just culturally different is difficult and confusing. However, before you can open an account with a particular bank, it is important to be aware of what your banking needs.
How do i make an appointment with a hong kong bank. Enjoy high interest rate on your hsbc fixed deposits and avail of our special interest rates for select tenures consult your. In fact, its advisable to do so, as the process is much simpler. Do your banking at any of our branches or those of nanyang commercial bank ltd. If you have set up your business in hong kong and are interested in opening a business banking account with hsbc, there are five steps to follow. Aug 31, 2016 most of the banks in hong kong will charge you a fee if you try and make an express transfer inter bank. Anybody can open a bank account in hong kong, whether resident or nonresident.
Business need banks and it is crucial to choose the bank that fits your financial needs and goals. If you open an online bank account, with simultaneous request for visa classic, visa premier or gold mastercard, and a use of it for 500 month on average during the 3 months following your opening account, hsbc france will refund you 80 of purchases paid with your hsbc credit card. The bank offers a wide range of services from private banking to investment banking. A passportsize photograph of yourself and all other accountholders, which must be signed across the front. The question mark images near the fields denote further details or help. Open an international bank account hsbc international. This article will help you to understand the ins and outs when opening a corporate bank account in hong kong. Open an online bank account online current account hsbc. Write paper cheques echeques for day to day payments. Easytoread monthly statement listing transactions and account balance information.
However, we advise you to contact your home branch to begin the process and book. The hongkong and shanghai banking corporation limited 2002 2019. Documents and information required for opening personal account please bring along the original copy of the following documents to any of our branches for account application. Easy to read monthly statement listing transactions and account balance information. Access your savings whenever you need them and earn interest at the same. To open any kind of account you need a valid hong kong identity card. Hong kong is among the best places in the world to do business. To make opening a hong kong account as easy as possible, we can help you. Current account deposits bank of china hong kong limited.
Hsbc, standard chartered bank and citibank are selected. However, before you can open an account with a particular bank, it is important to be aware of what your banking needs are, so that you can match those needs with what each bank offers. Manage your account and perform transactions using mobile banking, online banking. I know there are time deposits and it depends on how much one is willing to invest and for how long but surely theres a semiflexible account that will earn at least some interest. Hsbc personal integrated account lets you easily manage finances from credit cards.
Podcast process of opening a hsbc hong kong bank account. Guide to bank account opening in hong kong 3e accounting. High interest savings account sick and tired of earning 0. Straightforward, streamlined day to day banking, designed to make your life easier. Hsbc cash rewards mastercard credit card student account. The ultimate guide to opening a bank account for expats. Jan 02, 2018 it is important to know that each bank has its own process for the opening a business bank account in hong kong. Opening a corporate bank account in hong kong business. Book an appointment book an appointment book an appointment for hours and locations of hsbc bank branches in your area, simply use our online branch locator tool. Youre not normally in hong kong, maybe share why you still want the account to our listeners did you book appointment at hsbc. A nonresident foreigner can open a bank account in hong kong but personal bank account by yourself. If you are new to hsbc, just bring your identification document, and a recent proof of address to any of our branches. They must contact an advisor in person by visiting a hsbc bank branch or book. Note that, as long as you book an appointment beforehand and that you can provide all the required documents, the meeting in hong kong shall not last more than a couple of hours.
Clients can contact the bank through phone, email, fax, or mail, as well as visit the nearest branch. Enjoy a minimum account opening balance as low as hkd1,000. Anybody can open a bank account in hong kong, whether resident or. Everyday account that can link to a range of savings accounts and an overdraft. You can see below an overview of some of the features of the main banks in hk. A hong kong company without a bank account is simply useless. Aug 28, 2019 all major banks hsbc, dbs, bank of china, etcetera requires that you visit a branch in hong kong, in order to open a business bank account. Write paper cheques echeques for daytoday payments. Ultimate guide to hong kong banking freedom surfer.
You can use the hsbc hk mobile banking app to open your account if youre a permanent resident aged 1865 residing in hong kong and you dont have any. It is important to know that each bank has its own process for the opening a business bank account in hong kong. How to open a bank account in hong kong transferwise. You can now open a fixed deposit online in a few steps with.
Overseas account open a bank account abroad hsbc uk. Hsbc hong kong, open bank account, offshore banking services. There exist an list about the countries what are not. The day when you are planning to go to the bank for meeting you need take the company documents that would prove your business existence and registration. Mar 18, 2016 the quick answer is, you need to be in hong kong to open your bank account.
Hsbc tightens requirements for new bank accounts hong kong. Subject to qualifications, status and local country laws and regulations. In fact, many local service provider completely lack the knowledge regarding suitable banks and the latest bank account opening. Hsbc tightens requirements for new bank accounts hong. We currently recommend our clients open out of hong kong bank accounts rather than corporate accounts in hong kong. Please select district aberdeen and ap lei chau causeway bay and happy valley central chai wan, sai wan ho and shau kei wan north point and quarry bay sheung wan wanchai western.
Please select territory hong kong island kowloon new territories outlying islands. How to open a multicurrency business account in hong kong. With roughly 150 banks in hong kong, it is important to select a suitable bank depending customers background and business. Youre not normally in hong kong, maybe share why you still want the account to our listeners did you book appointment at. That said, you can open a bank account remotely, before you arrive, if your home bank has a presence in hong kong. It was funny because he thought this topic would be too short to make a full podcast, but when you get into the nitty gritty, there is a lot to. Most of the banks in hong kong will charge you a fee if you try and make an express transfer interbank. Our onestop business banking solutions help startups and sme business thrive. Hsbc group is a british multinational banking and financial company founded in 1865. Hang seng bank offers onestop integrated account services including. Appointment booking ask about our products give us feedback make a complaint. New clients without a bank account cant apply online. Account opening guide for businesses in hong kong hsbc. Why did you want to open a hsbc hong kong bank account.
Manage your account and perform transactions using mobile banking, online banking, express banking, over the phone and in. If you open an online bank account, with simultaneous request for visa classic, visa premier or gold mastercard, and a use of it for 500 month on average during the 3 months following your opening. Apr 22, 2016 recently, setting up company accounts in hong kong banks has become more restrictive. Opening a corporate bank account is a relatively simple and straightforward procedure. Credit history transfer by transferring your hsbc credit history, its even easier to continue your banking relationship with us. Easy appointment account opening at hong kong branches. Opening an account from within hong kong enjoy our professional account opening service at our designated branches via appointment booking or visit directly at one of our below 10 branches with required documents. One document each from the following two categories. The advantages of opening a hong kong corporate bank account. If youre between 717 yearsold you may be able to apply for a childrens bank account to. There exist an list about the countries what are not accepted anyway, the list about the countries which citizens.