MIRRASIA  BUSINESS  ADVISORY

Hong Kong personal account opening

Currently, in Hong Kong, you can open a personal account for personal use such as savings, investment, and asset management, and virtual currency  It is difficult to open an account for the purpose of arbitrage transactions, virtual currency exchange transactions, large cash deposits and withdrawals, foreign exchange transactions, commercial settlements, etc.  In use after opening  Services may be limited.

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HSBC Personal Account Opening Guide

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Opening conditions:
1. Must be able to communicate with the bank manager in English or Chinese
2. Before making a reservation for a meeting, check whether it is possible to open a meeting in advance. (Submit passport and address proof)
3. Deposit on the day of the meeting: HKD2,000 or more

4. Visit Hong Kong to meet with a bank

In order of progress:
1. Capture your passport and English abstract and submit it along with your desired meeting schedule
2. After confirming the availability of the bank, make a reservation for a meeting 
3. The person in charge will accompany you to the meeting and complete the account opening (takes 1 to 2 hours)

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On the day of the meeting, you must:
1. Passport
2. Original English version
3. Hong Kong Immigration Card ( Landing Slip)
4. Bank initial deposit: HKD2,000

5. Opening fee: Check separately before proceeding

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Services include:
1. Arrangement of bank manager meeting reservation to account opening completion
2. Accompanying a bank meeting

3. Activation of ATM card during meeting, explanation of details and advice

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Standard Chartered Bank Personal Account Opening Guide

Opening conditions:
1. Reservation at least 2 days in advance
2. Deposit on the day of the meeting: HKD10,000 or more

3.  Bank meeting in Hong Kong

In order of progress:
1. Check the desired schedule for the bank meeting and the opening cost in advance
2. with the person in charge  Accompany you to the meeting and complete the account opening (takes 1 to 2 hours)

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What to prepare for a bank meeting:

1. Passport
2. Enter English address, company name (for reference), and industry
3. Initial deposit: HKD10,000 (or the equivalent in other currencies such as USD/CNY) 
4. Opening fee: Check separately before proceeding

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Services include:
1. Arrangement of bank manager meeting reservation to account opening completion
2. Accompanying a bank meeting

3. Activation of ATM card/Internet banking at the time of meeting, explanation of details and advice

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Bank of China Bank Personal Account Opening Guide

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Opening conditions:
1. Must be able to communicate with the bank manager in English or Chinese

2. Reservation at least 2 days in advance
3. Deposit on the day of the meeting: HKD10,000 or more

4.  Bank meeting in Hong Kong

In order of progress:
1. Check the desired schedule for the bank meeting and the opening cost in advance
2. with the person in charge  Accompany you to the meeting and complete the account opening (takes 1 to 2 hours)

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What to prepare for a bank meeting:

1. Passport
2. Enter English address, company name (for reference), and industry
3. Initial deposit: HKD10,000 (or the equivalent in other currencies such as USD/CNY) 
4. Opening fee: Check separately before proceeding

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Services include:
1. Arrangement of bank manager meeting reservation to account opening completion
2. Accompanying a bank meeting

3. Activation of ATM card during meeting, explanation of details and advice

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Citibank Personal Account Opening Guide

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Opening conditions:
1. Must be able to communicate with the bank manager in English or Chinese

2. There must be a Hong Kong corporation or another Hong Kong corporation that can be presented to the bank for reference.

3. Reservation at least 2 days in advance
4. Deposit on the day of the meeting: HKD10,000 or more

5.  Bank meeting in Hong Kong

In order of progress:
1. Capture your passport and English abstract and submit it along with your desired meeting schedule

2. After confirming the availability of the bank, make a reservation for a meeting 

3. The person in charge will accompany you to the meeting and complete the account opening (takes 1 to 2 hours)

​

What to prepare for a bank meeting:

1. Passport
2. Enter English address, company name (for reference), and industry
3. Initial deposit: HKD10,000 (or the equivalent in other currencies such as USD/CNY) 
4. Opening fee: Check separately before proceeding

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Services include:
1. Arrangement of bank manager meeting reservation to account opening completion
2. Accompanying a bank meeting

3. Detailed explanation and advice (ATM card will be received by mail after 1 week)

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** Customers who cannot communicate in English or Chinese must tell us in advance before making a bank reservation.  

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Notes on opening a personal account

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1. The bank meeting schedule for opening a personal account is  You must make a reservation carefully with a confirmed itinerary,  irresponsibly  Reservation Division  If the change is repeated, the service may be refused.  

2. If the bank meeting has been confirmed, but there is a setback in the meeting schedule or if you are unable to attend due to unavoidable reasons on the day of the meeting, please notify us immediately. (If there is no show on the day of the meeting, it will be a nuisance to the company and the bank.)    

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3. If you want to deposit a large amount of cash (usually HKD200,000 or more) at the bank counter, the bank must provide proof of the source and purpose of the funds.  demanding  There are cases.  

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4. Customers who open an account can speak English or Chinese for easy communication  If you do not speak English or Chinese at all, you must inform us before making a reservation.

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5. If you want to use it for the purpose of cryptocurrency trading, the opening arrangement is  It's not possible.  

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6. Personal account  If you are using internet banking, please refer to the daily limit below.

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Hong Kong SC Bank:
Daily limit of HKD1,000,000 for TT remittance 

Daily limit for account transfer in Hong Kong: HKD100,000 (Easy Banking), HKD200,000 (Premium, *HKD200,000 or more deposit) 

ATM card daily limit of HKD20,000 for overseas cash withdrawals / Unlimited when remittance at bank counters / Unlimited when issuing checks
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Hong Kong BOC Bank:
Daily limit for TT remittance HKD500,000 / Daily limit for account transfer in Hong Kong HKD500,000 
ATM card daily limit for overseas cash withdrawals HKD10,000 / Unlimited when remittance at a bank counter / Unlimited when issuing checks

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** Hong Kong exchanges financial information with the Korean government in accordance with the CRS (Multilateral Financial Information Exchange Agreement). Therefore, in the case of financial assets that you intend to deposit and operate in Hong Kong, it is recommended that you proceed after confirming that there are no legal issues in Korea. When opening a personal account, a TIN (Tax Identification Number) must be entered, which is a Korean resident registration number, which can be used as information for future tax purposes.

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** If a resident of Korea opens an account in a country where CRS applies and the balance exceeds 500 million won in Korean currency even for just one day of the year, information may be exchanged with Korea, so it is recommended to report it voluntarily in Korea. .  

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** Information on the purpose of opening an account  It must not be distorted, and if it is opened for illegal exchange transactions, illegal escape funds, money laundering, or other illegal purposes,​ I can't help.

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** In the case of deposit and remittance transactions, you, your immediate family, or your company  An individual or legal entity of a third party other than the account owned

Be careful when transacting with your own account, and some banks may restrict transactions.  

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Initial deposit and average maintenance balance when opening a personal account

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1. General Retail Bank: HKD 10,000 or more  (SC Bank Easy Banking / HSBC Smart Vantage)
2. Intermediate level of general retail bank: HKD200,000 or more (PB is allocated to help with investment and asset management.)
3. VIP level of general retail bank: HKD1,000,000 or more (PB is allocated to help investment and asset management,  
    A VIP credit card is issued, and you can use the bank's VIP counter or lounge.)
4. Medium Level Private Bank: HKD 500,000 ~ 1,000,000 or more
5. Higher Level Private Bank: HKD 8,000,000 or more​