Cart
Open a Bank Account in Hong Kong
$1,150.00
Hong Kong is the largest financial hub in Asia and one of the safest and more convenient places to bank. Hong Kong banks are some of the most solvent and liquid banks worldwide.
There are no exchange controls and accounts are available in multiple currencies. In addition to a large variety of investment and insurance products.
Hong Kong banks are ideal for both individuals and businesses that require strong cash management services in various currencies and that have strong investment needs.
Hong Kong is also the gateway to one of the largest and fastest-growing markets worldwide, China. Hong Kong banks offer RMB accounts and payment cards.
Import/Export companies will have access to top trade finance services such as Letter of Credit and Bank guarantees.
Hong Kong online businesses with HK bank accounts also have access to a broad range of merchant accounts and credit card processing aggregators.
Hong Kong banks are also available for companies incorporated in tax-neutral jurisdictions. However, banks will want to see a solid business background, and a relatively low-risk commercial activity to onboard an offshore company.
Offshore companies will need to provide enough supporting business documentation such as business plans, invoices, contracts, letters of intent, etc. to satisfy the bank’s compliance requirements.
All in all, Hong Kong is a perfect banking location for local and international businesses, companies doing business in China and individuals looking for strong wealth management and investment services.
We can help you open business and personal accounts with several international banks in Hong Kong. Accounts are available for both resident and non-resident companies and individuals. We work with 3 different banks in Hong Kong, each bank has different eligibility requirements, types of accounts available and onboarding processes. We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs:
- Hong Kong Bank Option 1 (Foreign Business Account, HK Business Bank Account, Wealth Management Account)
- Hong Kong Bank Option 2 (Foreign Business Account, HK Business Bank Account)
- Hong Kong Bank Option 3 (Business Account, Personal Account)
Our banking support service is not just a mere introduction to the bank. 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. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Hong Kong Bank Option 1 (DBS Bank)
Account Details
| Eligibility | Foreign Companies (Including Offshore Companies) |
| Account type and Currency | Corporate Current Account (HKD, USD) Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD) |
| Minimum Initial Deposit | HKD 200,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | HKD 200,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | UnionPay Debit (HKD, CNY) |
| Other Services | Trade Finance Cheque Book Payroll Services RMB Accounts |
A business connection with Hong Kong is required – for example in the form of local clients, suppliers, partners to justify the reason for account opening. A personal visit is also required.
Account Details
| Eligibility | Hong Kong Companies |
| Account type and Currency | Corporate Current Account (HKD, USD) Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD) |
| Minimum Initial Deposit | HKD 20,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | HKD 20,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | UnionPay Debit (HKD, CNY) |
| Other Services | Trade Finance Cheque Book RMB Accounts |
A personal visit is required.
Account Details
| Eligibility | International Individuals and Companies |
| Account type and Currency | Wealth Management Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD) |
| Minimum Initial Deposit | HKD 1,000,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | N/A |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | UnionPay Debit (HKD, CNY) Mastercard Credit (USD, HKD) Visa Credit (USD, HKD) |
| Other Services | iWealth Trading Platform FOREX Investment Services Term-deposits Dedicated Wealth Planner |
A business connection with Hong Kong is required – for example in the form of local clients, a local business or suppliers, partners to justify the reason for account opening. A personal visit is also required.
- Foreign Business Account
-
Account Details
Eligibility Foreign Companies (Including Offshore Companies) Account type and Currency Corporate Current Account (HKD, USD)
Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD)Minimum Initial Deposit HKD 200,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) HKD 200,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) UnionPay Debit (HKD, CNY) Other Services Trade Finance
Cheque Book
Payroll Services
RMB AccountsA business connection with Hong Kong is required – for example in the form of local clients, suppliers, partners to justify the reason for account opening. A personal visit is also required.
- Local Business Account
-
Account Details
Eligibility Hong Kong Companies Account type and Currency Corporate Current Account (HKD, USD)
Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD)Minimum Initial Deposit HKD 20,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) HKD 20,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) UnionPay Debit (HKD, CNY) Other Services Trade Finance
Cheque Book
RMB AccountsA personal visit is required.
- Wealth Management Account
-
Account Details
Eligibility International Individuals and Companies Account type and Currency Wealth Management Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD) Minimum Initial Deposit HKD 1,000,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) N/A Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) UnionPay Debit (HKD, CNY)
Mastercard Credit (USD, HKD)
Visa Credit (USD, HKD)Other Services iWealth
Trading Platform
FOREX
Investment Services
Term-deposits
Dedicated Wealth PlannerA business connection with Hong Kong is required – for example in the form of local clients, a local business or suppliers, partners to justify the reason for account opening. A personal visit is also required.
Hong Kong Bank Option 2 (OCBC Wing Hang)
Account Details
| Eligibility | Foreign Companies (Including Offshore Companies) |
| Account type and Currency | Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD) |
| Minimum Initial Deposit | HKD 200,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | HKD 200,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | UnionPay Debit (HKD, CNY) |
| Other Services | Trade Finance Cheque Book Payroll Services RMB Accounts |
A business connection with Hong Kong is required – for example in the form of local clients, suppliers, partners to justify the reason for account opening. A personal visit is also required.
Account Details
| Eligibility | Hong Kong Companies |
| Account type and Currency | Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD) |
| Minimum Initial Deposit | HKD 20,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | HKD 20,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | UnionPay Debit (HKD, CNY) |
| Other Services | Trade Finance Cheque Book Payroll Services RMB Accounts |
A personal visit is required.
- Foreign Business Account
-
Account Details
Eligibility Foreign Companies (Including Offshore Companies) Account type and Currency Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD) Minimum Initial Deposit HKD 200,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) HKD 200,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) UnionPay Debit (HKD, CNY) Other Services Trade Finance
Cheque Book
Payroll Services
RMB AccountsA business connection with Hong Kong is required – for example in the form of local clients, suppliers, partners to justify the reason for account opening. A personal visit is also required.
- Local Business Account
-
Account Details
Eligibility Hong Kong Companies Account type and Currency Multicurrency Account (AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD) Minimum Initial Deposit HKD 20,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) HKD 20,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) UnionPay Debit (HKD, CNY) Other Services Trade Finance
Cheque Book
Payroll Services
RMB AccountsA personal visit is required.
Hong Kong Bank Option 3 (Bank of China)
Account Details
| Eligibility | Hong Kong Companies |
| Account type and Currency | Current/Savings Account (HKD) Foreign Currency Savings Account (USD, CNY, GBP, JPY, SGD, AUD, NZD, CAD, EUR, CHF, DKK, NOK, SEK, THB, BND and ZAR) |
| Minimum Initial Deposit | HKD 10,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | HKD 10,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | UnionPay Debit (HKD, CNY) Mastercard Credit (USD) Visa Credit (USD) |
| Other Services | Trade Finance Term-Deposits Investment Services Payroll Services Cheque book |
A personal visit is required.
Account Details
| Eligibility | International Individuals (A connection with HK is a must) |
| Account type and Currency | Savings Account (HKD) Foreign Currency Savings Account (USD, CNY, GBP, JPY, SGD, AUD, NZD, CAD, EUR, CHF, DKK, NOK, SEK, THB, BND and ZAR) |
| Minimum Initial Deposit | HKD 10,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | HKD 10,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | UnionPay Debit (HKD, CNY) |
| Other Services | Term-Deposit Investment Products (FX, Securities) Insurance Products |
A business connection with Hong Kong is required – for example in the form of a local business or Singaporean partners to justify the reason for account opening. A personal visit is also required.
- Business Account
-
Account Details
Eligibility Hong Kong Companies Account type and Currency Current/Savings Account (HKD)
Foreign Currency Savings Account (USD, CNY, GBP, JPY, SGD, AUD, NZD, CAD, EUR, CHF, DKK, NOK, SEK, THB, BND and ZAR)Minimum Initial Deposit HKD 10,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) HKD 10,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) UnionPay Debit (HKD, CNY)
Mastercard Credit (USD)
Visa Credit (USD)Other Services Trade Finance
Term-Deposits
Investment Services
Payroll Services
Cheque bookA personal visit is required.
- Personal Savings Account
-
Account Details
Eligibility International Individuals (A connection with HK is a must) Account type and Currency Savings Account (HKD)
Foreign Currency Savings Account (USD, CNY, GBP, JPY, SGD, AUD, NZD, CAD, EUR, CHF, DKK, NOK, SEK, THB, BND and ZAR)Minimum Initial Deposit HKD 10,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) HKD 10,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) UnionPay Debit (HKD, CNY) Other Services Term-Deposit
Investment Products (FX, Securities)
Insurance ProductsA business connection with Hong Kong is required – for example in the form of a local business or Singaporean partners to justify the reason for account opening. A personal visit is also required.
Our banking support services include introductions to payment processors and merchant accounts to better support our e-commerce clients. Whether you just need standard credit card processing or specialized services for high-risk processing, we are happy to help you with introductions that can empower your business.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.