Open Bank Account In Hong Kong

Open Bank Account In Hong Kong – Download the HK Mobile Banking App and open a new account in less than 5 minutes

Is it new? If you are an HKID (permanent or non-permanent resident) aged 18-64 living in Hong Kong and do not have a bank or investment account or credit card, you can now use the HK Mobile Banking application to open an account. used.

Open Bank Account In Hong Kong

Have you banked with us? You can also use the app to open a hassle-free account as long as you have a current, savings, fixed deposit or investment account (not in an integrated account).

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It seriously doesn’t get any easier than this! The whole process takes less than 5 minutes, so download the app and start your day.

Download the app and open an account now Download the app and open an account now Click here to download the app and open an account This link opens in a new window

Step 1: Download the HK Mobile Banking App from the App Store or Google Play Store. Open the app and select the ‘I don’t have an account’ option.

You can use our application to open the account below. See which one is right for you.

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You will be charged a low balance fee if you have not maintained the minimum total relationship balance for that account type in the last three months.

1. I used to have bills or cards, but I closed them all. Can I use this service?

Yes already. As long as you don’t have an account or credit card with us and you meet the other conditions, you can use the Mobile Banking App to open an account.

2. Can I get a debit card after using the HK Mobile Banking App to open an account?

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Yes already. After 3 working days you will receive your debit card by post (Monday to Friday, Saturday, Sunday and public holidays excluded). You will receive a separate email with the ATM PIN to activate the card.

Other life insurance includes the total policy cash or total premiums paid less the annuity payments received (if any), whichever is greater.

For the purpose of determining your aggregate TRB in any capacity, the applicable TRB will be the same for all individual single accounts held or registered with the same joint account holder with the same name and identification number. . Joint account holders are included in the calculation. Due to the processing time required, certain investment transactions (i.e. IPOs in securities, bonds, open-end funds and certificates of deposit) and life insurance may take some time to be entered into the TRB. thus it can affect the TRB in the Bank’s records.

4. If I am an existing customer, how can I open an integrated account with the HK Mobile Banking app?

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To open an integrated account through the HK Mobile Banking App as an existing customer, you must meet the following criteria:

If you do not meet all the above requirements, you can visit one of our branches to apply for a joint account.

You can get Premier or Account. Learn more about these accounts. Note that the Integrated Account Application does not include investment accounts, credit cards or checking books. However, you can apply for this or request it through internet banking, a visit to a branch or through an ATM.

If the integrated account has been successfully opened, you will see a confirmation message at the end of the application process. In addition, a welcome text message will be sent to the mobile number you have registered with us, followed by a welcome email within 3 working days.

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Integrated Account Terms and Conditions Integrated Account Terms and Conditions Terms and Conditions This link will open in a new window

Terms for Personal Internet Banking Terms for Personal Internet Banking Terms for Personal Internet Banking This link will open in a new window

Mobile Banking & Mobile Security Application Key Terms & Conditions Mobile Banking & Mobile Security Application Key Terms & Conditions Mobile Banking & Mobile Security Application Key Terms & Conditions This link opens in a new window

All-in-one integrated account for deposits, credit cards, investments, insurance, etc. You get access to a wide range of services, including foreign currency deposits and renminbi services. With a clear monthly summary, you can quickly understand your entire financial situation.

Opening Bank Account Abroad

Premier offers a wide range of international services and products to help you build a world of peace for you and your family. It is a well-known fact that Hong Kong is near the top of global investment banking with hundreds of prestigious institutions to lend. But gaining entry can be very difficult, especially for foreigners, due to strict screening protocols and signature requirements.

So it is important to equip yourself with enough knowledge to open a bank account in this country. This article tells you about the registration process and useful tips for opening a bank account in Hong Kong.

By 2021, Hong Kong will be in the top 3 of the Global Financial Centers Index (GFCI). Hong Kong is undoubtedly one of the most prestigious jurisdictions in the world because of its image as an international financial mecca. In particular, the wide network of banks and transparent regulations are very good points.

Therefore, the reputation of banks in Hong Kong is also recognized, for example, HSBC. As reported by the HKMA, Hong Kong is home to more than 70 of the world’s top 100 banks, with approximately 30 multinational banks establishing regional headquarters in Hong Kong.

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This makes Hong Kong one of the most preferred offshore banking jurisdictions for foreigners. That said, registering a bank account in Hong Kong often poses some challenges for foreigners.

Many expats and non-residents, especially in newly established companies, often have difficulties opening bank accounts here. In addition, there are some common problems:

Applicants are also prohibited from opening accounts in Hong Kong banks due to their nationality, business activities, etc.

In this section, we will give you the most important factors to consider when opening a bank account in Hong Kong.

Open A Personal And Business Bank Account In Hong Kong

As a new customer, you must be confused about the registration process and requirements for opening a bank account in Hong Kong.

In addition, opening a bank account in this famous country requires high verification and security, especially for business bank accounts in Hong Kong. To clarify, here are some of the most important things you need to know about opening a bank account in Hong Kong:

Whether you are a Hong Kong citizen or not, this company is eligible to open a bank account.

If you want to know more about the reasons why banks in Hong Kong may reject your application, check the section Ms. Rachel – K’s Relationship Manager.

How To Open A Bank Account In Hong Kong

(1) Individual Bank Account Type: Applicable to anyone who wants to open a bank account in Hong Kong

Under the guidance of the Hong Kong Monetary Authority and in line with international best practices, all banks in Hong Kong are required to conduct a trial for new and existing clients before granting approval.

Note that the requirements for this process may vary depending on the bank you choose. In addition, the requirements for opening a business bank account are higher than for opening an individual bank account.

In addition to being aware of KYC obligations, non-resident companies must attach additional documents such as proof of business activity.

Why Is It So Complicated To Open A Corporate Bank Account In Hong Kong?

Also, a personal meeting with a representative of the bank is probably mandatory before opening a bank account. All directors, beneficial owners and shareholders who own less than 10% of the company’s shares or who must participate in other prescribed rates.

Meanwhile, the whole process of opening an account in Hong Kong generally takes up to 15 working days.

Applying for a business bank account can be a real challenge if you’re just starting out and don’t have strong business credentials.

For an exclusive overview of the background, issues and solutions in the context of business banking applications, see our latest case study: Business Banking Applications for Startups.

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The table below provides a complete overview of the different types of deposit amounts, as well as the fees to be paid.

Some foreigners in Hong Kong cannot open bank accounts remotely. In fact, there are several ways foreign customers can open a bank account in Hong Kong.

However, the requirement for a personal visit to open a bank account in Hong Kong creates difficulties and inconveniences for foreigners. In addition, all applicants (and relevant business executives) who wish to open a bank account in Hong Kong must attend a job interview in Hong Kong.

Non-residents can choose “Branch Application” as a viable solution to reduce complexity. They can find international banks with a foothold in Hong Kong (eg HSBC).

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This way, they can visit the bank in their home country to complete all the necessary documents before arriving in Hong Kong to complete the final step of the opening process. Note that only a few banks offer this option and each branch has its own policy on this.

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