Having a Hong Kong bank account has become an important thing.
Author: pi system
Zhongan Bank in Hong Kong announced that it will provide cryptocurrency to fiat currency exchange services through a licensed trading platform. This move brings more convenience to the Mainland's Block services. At the same time, Bank of China Hong Kong and ICBC Asia have successfully solved the difficulties of mainland residents in withdrawing funds and freezing cards. Under such favorable impacts, having a Hong Kong bank account has become an important thing, and today the editor will provide the account opening process.
Account Opening Conditions
1. Purchase an overseas data package on Alipay or a Hong Kong SIM card in advance, and recommend the Clubsim physical SIM card, which has a low price, cheap data, supports eSIM, and is suitable for long-term use.
2. When opening an account, be in Hong Kong, and it is recommended to make an appointment on the official website of the physical bank to improve the success rate.
3. Hong Kong and Macau travel permit, ID card, entry and exit record, the entry and exit record will be generated in the National Immigration Administration mini program on WeChat 1-2 hours after entering Hong Kong.
4. Additional conditions: Mainland address proof, such as a credit card statement with address and official seal, property certificate, residence permit, HKD 10,000 cash, passport, and bank transaction statement, in case the bank teller needs to check at any time.
Banks that can open accounts
Virtual Banks: Tianxing Bank, Tap&Go, ZA Bank, livi Bank
Physical Banks: BOC Hong Kong, HSBC HK, China Merchants Bank Wing Lung, ICBC Asia
Virtual Bank Account Opening
●Tianxing Bank: Within Hong Kong, download the Tianxing Bank APP, turn off WiFi, and open the account using cellular data according to the prompts.
●ZA Bank, livi Bank: These two are virtual banks. After opening, you can bind Apple Pay, Google Pay, and have transfer, cashback, and deposit functions. You need entry and exit records. Download the corresponding APP and open the account according to the prompts.
●Tap&Go: This bank requires a HKID Hong Kong ID card. If you don't have one, you need to go to a "1010 or csl" store in Hong Kong in person to upgrade your account, and you also need a Hong Kong address.
Note: When opening an account, you need to provide proof of a Hong Kong address, but "you don't need to show the actual address proof, you can just find a complete address on the map, including the building, floor, and room number, and write it in English on a piece of paper, they will register it in the computer according to what you write." In case of emergency, you can also print out a Wise bill and bring it with you when you go to the csl store.
Physical Bank Account Opening
●BOC Hong Kong: This is a must-open, and it's very easy to open, with free cross-border remittance and low deposit!
Account opening conditions: ID card, entry and exit record, Hong Kong and Macau travel permit. The bank manager will ask about the purpose of opening the account, and you can answer investing in Hong Kong stocks or saving. The bank requires a deposit of HKD 10,000 to the account to issue the card. If you don't have it, you need to transfer it in within 2 days, otherwise the account will be frozen or closed.
●HSBC HK: You need to make an appointment in advance, and if you don't have an appointment, go early to queue up. The relationship manager will also ask about the purpose of opening the account, and you can answer the same as above. Provide ID card, entry and exit record, Hong Kong and Macau travel permit, and deposit at least HKD 10 to open the account.
●China Merchants Bank Wing Lung: Download the China Merchants Bank One-Stop APP - Immediate Account Opening - New Online Store Account Opening - Fill in the relevant information. The whole process can be handled with +86 ID card + passport or +86 + ID card + Hong Kong and Macau travel permit. Just go to any branch in Hong Kong to verify the identity documents.
●ICBC Asia: Appointment is required, account opening purpose: saving. No management fees, no minimum deposit. ID card, residence permit (if the card address is the same as the ID card address, no residence permit is required), Hong Kong and Macau travel permit, and 3 months of bank statements.
