We offer comprehensive banking services including deposits, integrated accounts, exchange and more. The requirements for opening a personal bank account in Hong Kong are relatively simple. Hong Kong Bank Ordinances and Know Your Customer obligations currently present certain requirements. HSBC in Hong Kong offers a wide range of checking accounts tailored to each client’s lifestyle. There was a time when Hong Kong was one of the easiest places in the world to open a business account, with no limits on the transfer of international funds. 07-02-2018, 05:24 PM #3. shri. In Hong Kong, licenses or permits are required for an employment agency, event-related activities, travel agency, education, restaurant, and retail shop, if the business is operated in Hong Kong. It is only available to permanent Canadian residents who, as of June 22, 2020 do not have, and in the 5 years prior have not had, a Personal Banking Account with Royal Bank of Canada or any of its deposit taking subsidiaries, who as of September 30, 2020 have reached the age of majority in the province or territory in which they reside, and who meet all other terms and conditions of the offer. The Development Bank of Singapore, better known as DBS, is the largest bank in Southeast Asia and has been in Hong Kong since 1999. Clients can manage their account in person at HSBC bank’s branch, through the phone, via ATM, or online. Opening a bank account in Hong Kong. It normally takes a week for Bank of China (Hong Kong) to open the account for you. Our Canada Banking Services (CBS) team can provide you with in-depth information about opening your Canadian bank account. ACCESS CORPORATE will prepare and have certified the usual documentation (refer FAQs) necessary for bank account opening. Hang Seng, Citi, SCB, BOC all come to mind. Hong Kong is a dynamic place to live. Europe, Australia and US passport holders often can open Hong Kong bank accounts in a matter of days. If you travel frequently between the United States and Canada, the benefits of holding a Canadian bank account will allow you to easily access funds when you're in Canada. You can open accounts with us for Wealth Management Service, Enrich Banking Service without the need to visit our branches in Hong Kong in person. ... Today am very happy as i got my visa to Canada within 12 days with overall 6.5 not less than 5.5 bands. If the provider only gives you a list of documents to comply with you will have limited chances to open your Hong Kong bank account. How to Open a Hong Kong Offshore Bank Account - Since the publication of this article, it has become a great deal more difficult to open an account in either Hong Kong or Singapore. For other citizens, the process can take up to two weeks. Also, due to strict anti-money-laundering legislation, it can be challenging to open a Hong Kong bank account from … To reach one of our CBS banking specialists please contact any of our four locations in China and Hong Kong. Bank in Hong Kong - Bank of East Asia. A license is mandatory for a Hong-Kong-based company with insurance agency and financial services, regardless where you run the business. Open a bank account online via Hang Seng Personal Banking mobile app … If you have a "shitty passport" then you can still open a bank account in Hong Kong but it will not be as easy. The fee for document preparation and certification is: HKD 3,000 (USD400) While ACCESS CORPORATE undertakes to assist the company complete all necessary documents […] That's why we offer a range of bank accounts – from basic savings & chequing to borderless. Without proper preparation, opening a bank account in Hong Kong can take months from submitting the application to having it up and running. 2. BOCHK helps maximise your wealth potentials with innovative, professional and diversified services, striving to become Your Premier Bank. Open both a bank account and a stock account via your mobile to earn up to HK$1,700 cash rebate ... Citibank (Hong Kong) Limited, Citibank, N.A. In AsiaBC, we not only manage all steps necessary for our client’s Hong Kong and offshore company to open a business / corporate bank account in Singapore, but we also carry on remote bank account opening service with our refund guarantee. Although not as easy as opening a bank account in mainland China, opening a bank account in Hong Kong is also relatively easy if you have a "good passport." Applicants are required to provide their HKID number. 1. Hong Kong Bank Option 3 (Business Account, Personal Account) Our banking support service is not just a mere introduction to the bank. HSBC accounts available in Hong Kong. Gentle Reminder . Opening a corporate bank account in Hong Kong is going to cost you a pretty penny. You can simply complete the account opening forms for BOCHK accounts at designated attesting network in the mainland / Macao / outside Hong Kong*. Proof of address* (e.g. We also make it easier for you to bank the way you want, when you want – online, mobile, or in-person. If the fees to setup the Hong Kong company and to prepare the bank account opening are below USD 2'000 the provider couldn't afford to prepare the compliance work. Today’s 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. a utility bill or bank/credit card statement dated within the last 3 months). And if you are looking for a secure and sound financial center to open an offshore bank account, Hong Kong is relatively an option to go. That was the old way to handle opening a Hong Kong bank account remotely, but in a moment, we’ll discuss an emerging new way to open a Hong Kong bank account online. Open Account in ICBC Asia (Hong Kong) ☆ Introduction This is a service whereby domestic branch of ICBC opens on behalf of you an Elite Club Account or 349 consolidated account in Industrial and Commercial Bank of China (Asia) Limited ("ICBC Asia"). Bank accounts and non-residents With over 100 licensed banks and a plethora of banking services, there are many types of accounts geared to your needs. As opening a bank account in Hong Kong is a vital part of running a business, it is important to be well prepared when going through this process. *Please contact the account opening branch for guidance on acceptable documents. With hundreds of banks providing online access to your funds, you can even transfer money from your U.S. accounts into your Canadian accounts. A good passport is one from USA, Canada, Australia, UK, Western Europe, etc. We know you have unique banking needs. This handy guide will explain the differences between the most commonly used bank accounts in Hong Kong, and the steps to apply for one. Account: DBS account. A: Bank of China (Canada) only provides documentations and materials witness service. All your information will be sent to Bank of China (Hong Kong). We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Opening a Hong Kong bank account remotely has recently become more restrictive. Customers can also apply directly at the bank branch. ACCESS CORPORATE is able to assist Clients with the opening of bank accounts in Hong Kong. Let us help you open a TD bank account that's just right for you. You will also receive the account information mailed by Bank of China (Hong Kong). Attestation Service for Account Opening. Learn More. Hong Kong residents can apply for a bank account through the online application on the bank’s site. The HSBC Dollar Account provides the basic services, as well as access to mobile banking and the ability to send payments. Compared to some countries in the world, opening a bank account in Hong Kong is relatively easy and straightforward. Hong Kong Posts 14,379. Cheques are still used in Hong Kong to a large extent, so it is useful to set up a cheque/current account with a cheque book. While a bank is still a bank, there are some unique nuances to setting up a bank account in Hong Kong. Hong Kong banks require company account applicants to travel to Hong Kong and physically meet with a bank … If you are the only person who can access your company’s bank accounts, you can use Standard Online Banking for Business.With a single sign-on, you can: View business account balances and transactions for U.S. and Canadian dollar accounts at RBC in Canada Required minimum balance: $200,000 (with a range of waivers, including payroll setup, or a fee if $100 per month) To open any kind of account you need a valid Hong Kong identity card. Since Hong Kong is widely known as a center of international finance, local banks usually do not ask many questions before they register offshore accounts. Also, the minimum balance is specified - 50,000 HKD without commission fee, otherwise it will … It is also among the most robust business hubs in the world to incorporate a company. Bank of China (Hong Kong), one of the city’s three currency printers, will allow Hongkongers to open a bank account on the mainland without having to go there in person. Please contact the branch to book an account opening appointment in advance. There are fees at every stage of the process, and for new businesses, when cash flow is tight, that’s something you should be prepared for. How to open a Hong Kong bank account: an overview. To open accounts here, you must make an irreducible deposit depending on their type - from 2000 HKD (Hong Kong dollars) or the equivalent amount in another currency. We help international clients to expand Chinese markets with Hong Kong as a hub and open a bank account in Hong Kong. If you are opening a joint bank account then both parties must be present with identity cards. 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 discuss Clients can contact the bank through phone, email, fax, or … While opening a basic bank account is quite straightforward, opening a business bank account requires a bit more work.