Guide to Opening a Hong Kong Personal Account

 

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HSBC Personal Account Opening Guide

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Opening fee: HKD6,000 (prepayment)

What to bring: Passport, original English copy of resident registration, cash to be deposited in the bank.

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Opening conditions:

1. Before making a meeting reservation, you must pay the fee and check in advance whether the account can be opened. (Submit a copy of your passport)

2. Deposit on the day of the meeting: HKD100 or more

3. Visit Hong Kong and meet with the bank

4. You must be able to speak basic English or Chinese because you will have to open an account in person with a representative (required)

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Opening procedure:

1. Payment of fees (bank transfer, credit card)

2. Submission of a copy of your passport

3. Confirmation of whether you can open an account (if you cannot, a full refund of the fees will be given)

4. Confirmation of the date of the bank meeting

5. Visit to the bank branch on the day of the meeting (no changes to the time or date can be made close to the meeting date)

6. Present the original passport and proof of address to the bank representative.

7. Proceed with the opening process (takes about 1-2 hours).

8. After opening, you will be given an account number, ATM card, and PIN.

9. Activate mobile banking (activation code will be sent via text message).

10. Activate the ATM card and deposit funds at the counter or ATM.

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Estimated time required: 1-2 hours

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Important notice:

1. You must pay the fees in advance before making a reservation for a meeting with the bank. Please note that we will not be able to confirm the bank schedule or provide details if you do not pay the opening fees in advance, as many customers do not contact us after obtaining the information we need and then do not show up.

 

2. After submitting a copy of your passport and confirming your eligibility (KYC), you will need a few days to complete the KYC and schedule a meeting with the bank. Therefore, if you need to make an urgent appointment, you should proceed with SC Bank or OCBC Bank.

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3. Once the meeting schedule is confirmed, it may take some time to change it, so please be careful when confirming and changing the schedule.

 

4. If a customer tries to open an account at a bank branch separately (without going through us) and is refused, the account may not be opened (according to the bank's internal computer network records). Therefore, if you have such a history, please let us know in advance.

 

5. (No bad record with the bank) There have been no cases of customers visiting and being refused to open an account, but if such a case occurs, we will refund the full amount of the fee. You must inform us in advance if you have had a past account with the bank and if it has been closed or if you have been refused.

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6. If you pay by card, the card fee is non-refundable.

7. If the reason for the inability to open an account is attributable to the customer, the fee may not be refunded. Examples include the following.

1) The customer does not contact the bank in advance and does not show up for the meeting.

2) The customer is rude or abusive to the bank representative.

3) When meeting with a bank representative, engage in suspicious behavior (make inquiries about transactions that the bank restricts, such as money laundering, or ask about the purpose of opening an account, and ask the representative in front of others how to answer the purpose of the inquiry (misunderstanding as a dummy account). Or, say that you are very close to a major political figure or a senior bank executive, or say that you are related to them by family or relatives)

4) Attempting to deposit large amounts of cash that cannot be proven to be the source of the deposit.

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8. Occasionally, some of the procedures for opening an account may change due to changes in the bank's regulations. Please understand that we cannot guarantee all of the procedures listed above, as these are not all within our control. Our role is to help customers visit Hong Kong and successfully open an account, and once this is done, the service is considered to have been fulfilled. We will do our best to ensure that tasks such as activating mobile banking or receiving text messages on the day of the meeting can be completed on the day of the meeting, but these are tasks that are unique to the bank and are beyond our control.

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Standard Chartered Bank Personal Account Opening Guide

 

Opening fee: HKD6,500 (prepayment)

What to bring: Passport, original English copy of the passport, transaction statements from other banks for the last six months, and cash (HKD5,000 or more) on the day of the meeting.

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Opening conditions:

1. Before making a meeting reservation, you must pay the fee and check in advance whether the account can be opened. (Submit a copy of your passport and bank statements for the last six months)

2. Deposit on the day of the meeting: HKD5,000 or more

3. Visit the bank in Hong Kong and have a meeting with the banker.

 

Opening procedure:

1. Pay the fee.

2. Confirm the date of the meeting with the bank.

3. Visit the bank branch on the day of the meeting.

4. Present the original passport and proof of address to the bank representative.

5. Opening procedure (takes about 1-2 hours)

6. After opening, you will be assigned an account number and deposit HKD 5,000.

7. Receive your ATM card on the same day, activate it at the bank, and activate mobile banking.

 

Estimated time required: 1-2 hours.

 

Service includes:

1. Arrange a meeting with a bank representative to complete the account opening process.

2. Accompanying the client to the bank meeting

3. Explaining and consulting with the client on the details of the account during the meeting.

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Important notice:

1. You must pay the fees in advance before making a reservation for a bank meeting. Please note that we will not be able to confirm the bank schedule or respond to any details if you do not pay the opening fees in advance, as many clients do not contact us after obtaining the information we need and then do not show up.

 

2. You must have at least HKD5,000 in cash when you visit the branch.

 

3. After confirming the meeting schedule, it may take some time and be cumbersome to change it, so please be careful when confirming and changing the schedule.

 

4. If a customer has attempted to open an account at a bank branch separately (without going through us) and has been refused, the account may not be able to be opened (according to the bank's internal computer network records). Therefore, if you have such a history, please inform us in advance.

 

5. There have been no cases of customers (with no bad records with banks) visiting us and being refused to open an account, but if such a case occurs, we will refund the full amount of the fee. You must inform us in advance if you have had a past account with the bank and if it has been closed or if you have been refused.

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6. If you pay the fee by card, the card fee is non-refundable.

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7. If the customer is at fault for not being able to open an account, the cost may not be refunded, and the following are examples of such cases.

1) The customer does not contact the bank in advance and does not show up for the meeting on the day of the meeting.

2) The customer is rude or abusive to the bank representative.

3) When meeting with a bank representative, engage in suspicious behavior (make inquiries about transactions that the bank restricts, such as money laundering, or ask about the purpose of opening an account, and ask the representative in front of others how to answer the purpose of the inquiry (misunderstanding as a dummy account). Or, say that you are very close to a major political figure or a senior bank executive, or say that you are related to them by family or relatives)

4) Attempting to deposit large amounts of cash that cannot be proven to be the source of the deposit.

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8. In some cases, some of the opening procedures may be changed due to changes in the bank's regulations. Please understand that we cannot guarantee all of the procedures listed above as these are not all within our control. Our role is to help customers visit Hong Kong and successfully open an account, and once this is done, the service is considered to have been fulfilled. We will do our best to ensure that tasks such as activating mobile banking or receiving text messages on the day of the meeting can be completed on the day of the meeting, but these are tasks that are unique to the bank and are beyond our control.