Having a bank account in Hong Kong has become an important thing.
Article author: pi system
Hong Kong ZhongAn Bank announced that it will provide cryptocurrency to legal tender exchange services through licensed exchanges. This move has brought more convenience to mainland blockchain services. At the same time, Bank of China (Hong Kong) and ICBC (Asia) Icon have also successfully solved the difficulties of Chinese people in withdrawing funds and freezing their cards. Under such favorable impact, having a bank account in Hong Kong has become an important thing. Today, the editor will provide the account opening process.
Account opening conditions
1. Search for overseas data packages on Alipay in advance and buy data or purchase a Hong Kong mobile phone card. We recommend Clubsim physical mobile phone cards, which have low price for keeping the number, cheap data, support for esim, and can be used for a long time.
2. If you are in Hong Kong or a physical bank when opening an account, it is recommended to open an account after making an appointment on the corresponding official website to increase the success rate.
3. Hong Kong and Macau Pass, ID card, white slip for customs clearance, entry and exit records. The entry and exit records will be generated in the WeChat National Immigration Administration applet 1-2 hours after entering Hong Kong.
4. Additional conditions: Proof of Mainland address, such as credit card bill with address and official seal, property certificate, residence permit, 10,000 Hong Kong dollars in cash, passport, bank transaction slip, in case the bank teller checks at any time
Banks where you can open an account
Virtual banks: Skystar Bank, Tap&Go, ZA Bank, livi Bank
Physical banks: BOC Bank of China (Hong Kong), HSBC Hong Kong, CMB Wing Lung Bank, ICBC (Asia)
Virtual Bank Account Opening
●Airstar Bank: In Hong Kong, download the Airstar Bank app, turn off WiFi, and follow the steps to activate using cellular data.
●ZA Bank, livi Bank: These two are virtual banks. After opening, they can be linked to Apple Pay and Google Pay, and have transfer, cashback, and deposit functions. Entry and exit records are required. Download the corresponding APP and follow the steps to open.
●Tap&Go: This bank requires a Hong Kong ID card. If you don’t have one, you can go to any “1010 or csl” store in Hong Kong to upgrade your account in person. A Hong Kong address is required.
Note: You need to provide proof of Hong Kong address when opening an account, but "you don't need to show proof of actual address for a Hong Kong address. You just need to find a complete address on the map, including the building, specific floor and room number", and write it in English on a piece of paper. They will register it into the computer according to what you wrote. Just in case, you can also use Wise bill P to print it out and bring it with you before going to the csl store.
Physical bank account opening
●BOC Bank of China (Hong Kong): This must be opened, and it is very easy to open. Cross-border remittances are free of fees and have low deposits!
Account opening conditions: ID card, white slip for customs clearance, Hong Kong and Macau Pass. The bank manager will ask the reason for opening the account, and you can answer investment in Hong Kong stocks and savings. The bank requires a deposit of 10,000 Hong Kong dollars to the account before issuing the card. If you don’t have it, you must transfer it within 2 days, otherwise the account will be frozen or closed.
●HSBC HK: You need to make an appointment in advance. If you don’t have an appointment, go and queue up early. The account manager will also ask the reason for opening an account. The answer is still to open Hong Kong stocks, save money and transfer. Provide your ID card, white slip for customs clearance, and Hong Kong and Macau Pass, and deposit more than 10 Hong Kong dollars to open an account.
●CMB Wing Lung: Download CMB Wing Lung One-Stop APP - open an account immediately - open an account in the new online store - fill in the relevant information. The whole process can be handled by +86 ID card + passport or +86 + ID card + Hong Kong and Macau Pass. You only need to visit any branch in Hong Kong to verify your identity documents.
●ICBC (Asia): Reservation required, account opening reason: savings. No management fee, no minimum deposit. ID card, residence permit (no residence permit is required if the card receiving address is the same as the ID card), Hong Kong and Macau Pass, and 3-month bank statements.