(2025 The most detailed Hong Kong virtual bank account opening tutorial on the entire web!)
A few weeks ago, when I went to Hong Kong to open a HSBC/BOC bank account, I also opened a few Hong Kong virtual banks.
Opening a virtual bank account is relatively simple. As long as you are in Hong Kong, you can complete all the operations on your mobile phone.
In this article, I will list the Hong Kong virtual banks that I know and have worked with, and select a few of them. I will give a detailed account opening process and try to use one article to explain the basic process of opening a Hong Kong virtual bank account!
Basically, the entire account opening process can be completed in more than half an hour!
1. Mainstream virtual banks in Hong Kong
As shown in the figure below, after my actual operation, except for Livi Bank, which does not support individual account opening, the other five banks all support account opening for mainland users. Coincidentally, in the first week after I opened Livi Bank, it only supported account opening for commercial purposes, not individual account opening.
However, as long as you can get a virtual bank, it will be fine. In the process of investing in US stocks, you don’t need to use many bank accounts.
You can use the Apple Store or Google Play in Hong Kong to download the virtual bank apps shown in the picture.
2. Preparation before account opening
In fact, for virtual banks, you don’t need to prepare a lot of materials, but I will still briefly explain and remind you:
1. ID card: must be uploaded or scanned
2. Hong Kong and Macau Pass: Documents that must be uploaded or scanned
3. Mainland China mobile phone number: Some banks require that it must be a mainland China mobile phone number with your real name.
4. Stable wifi: Find a McDonald's or Starbucks, connect to the free wifi, and open an account directly
5. Located in the center of Hong Kong: When I was in Yuen Long, some virtual banks indicated that the location was not in Hong Kong because it was far from the city center. Later, I went to Victoria Harbour and successfully processed it. You can pay attention to these points to avoid pitfalls.
6. Entry and exit certification documents: obtained through the "Immigration Bureau 12367" applet. This does not need to be prepared in advance because the requirements of each virtual bank are different. Just go through the corresponding process and download the electronic file.
3. Specific procedures for account opening
In this section, I will mainly demonstrate the account opening process of Tianxing and ZA. The account opening review speed of these two banks is relatively fast, and after the account opening is successful, you can directly obtain a virtual Visa card, which is very practical. In addition, the apps of these two banks are very good and comfortable to operate.
When you arrive in Hong Kong, it is enough to take over these two virtual banks. However, I heard from other friends that the account opening speed of Ant Bank is also very fast. After you arrive in Hong Kong, you can go and practice it in detail.
Tianxing Bank account opening process:
1. After opening the Tianxing Bank App, click Open an Account Now.
2. The most important point is that there is no account management fee and no minimum deposit requirement, so you don’t need to worry about extra charges. You can open an account and not use it. Click to apply.
3. We click Continue. Tianxing Bank does not provide an invitation code or an account opening promotion.
4. Click Confirm.
5. Find a place with good lighting and scan the Hong Kong and Macau Pass.
6. Confirm that the scanned information is correct.
7. Scan your ID card.
8. Confirm the ID card information. If the correspondence address is the same as the address on the ID card, check it. If it is different, fill it in separately. When you apply for the physical card later, it will be mailed to this address.
9. Perform facial recognition verification.
10. Most people choose the first option.
11. Just fill in your occupation information truthfully.
12. Fill in the purpose of the household registration and the source of wealth truthfully. I filled in investment and savings for the purpose, and salary and investment income for the source of wealth.
13.Confirm your account opening information.
14. Check the box and click Submit.
15. At this time, Tianxing asked us to upload the entry and exit record documents.
16. We go to the 12367 applet of the Immigration Bureau to download the latest file. The downloaded file is a zip file. When downloading, we need to specify the password for decompressing the file according to Tianxing's requirements. Then upload the zip file. Note that it needs to be submitted within 7 days.
17. After you submit your application, the app will prompt that it is processing your account opening request and will notify you via SMS or email within 5 working days. According to my experience, you do not need to wait for 5 working days. Generally, you will be notified that your account opening is approved on the first working day after submitting your application.
18. After successfully opening an account, we enter the App and apply for a virtual visa card in the consumption interface. This step is very simple and does not require submission of materials. If you apply for a physical card, you need to pay an additional HK$50.
ZA Bank account opening process:
1. Click Open an account now.
2. Select your ID card.
3. You can see that the account opening requirements are to be in the mainland, use a mainland mobile phone number, have a mainland bank card and entry and exit documents. The requirements are still very strict, and you must make sure that you are a mainland tourist. However, this also indirectly shows that it is legal for mainland users to open a Hong Kong virtual bank, at least from the account opening process, so there is no need to worry.
4. Enter your mobile phone number and receive the verification code.
5. We can exchange for foreign exchange discount coupons and fund holding rebate coupons. You can get this small wool. The condition for obtaining fund holding rebate coupons is to open the US stock trading function of ZA, which will be discussed later.
However, it is generally not recommended to invest in US stocks at banks, as the handling fee rate is relatively high. It is still recommended to operate at US stock brokers, such as Longbridge/Interactive Brokers
6. Enter your email address.
7. Take a picture of your ID card.
8. Confirm the basic information of your ID card. If there is any error, click Modify Now below.
9. Perform facial recognition.
10. Fill in your correspondence address truthfully. Regarding the mailing of physical cards, please make sure it is filled out correctly.
11. Click Next.
12. Most people choose yes and only pay taxes in mainland China.
13. Fill in your occupation information truthfully.
14. For the purpose of account opening, select savings, daily expenses, or personal finance.
15. Simply check the box and click Continue.
16. Click Agree.
17. Set your own login username.
18. Set a login password.
19. We need to provide additional mainland bank card information and entry and exit record documents.
20. Verify your first-class bank card from the mainland. You can use CCB, ICBC, BOC and CMB. If you forget your bank card number, open the corresponding mobile banking app to check it.
21. Fill in the mobile phone verification code to verify the bank card information.
22. Upload your entry and exit record documents, which is the same as the previous process.
23. Here we are prompted to wait for the review to be passed and the result will be given within 5 working days. I waited about 5 working days.
24. After submitting the information, we can open an investment account and fund service. This must also be opened in Hong Kong, so it is best for us to complete it in one go.
25. Keep the default options and click OK.
26. Fill in your name with one click and click Confirm.
27.Confirm the address information and click Confirm.
28. Click confirm and the investment account is opened.
29. We continue to open fund trading services.
30. Choose any investment target.
31. Keep clicking Confirm.
32. Finally, you will be prompted that the account opening is under approval. Just wait patiently. Remember to pay attention to your email or text messages. If there is any problem with the materials submitted during the account opening process, ZA will send you an email and ask you to revise it.
33. After successfully opening ZA, we can get the virtual card of ZA. It costs 35 Hong Kong dollars to apply for a physical card of ZA, which is slightly cheaper than Star.
These virtual banks can actually also deposit funds into US stock brokers, such as LongBridge or Interactive Brokers, and the deposit method is similar to that of traditional banks.
If a friend has successfully opened an account, you can help each other and solve each other's problems.
This is all for this tutorial. If you need help with applying for a Hong Kong card, please like, collect, and forward it. Thank you! 🙏
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