Globe Capitalist / Bank account / Hong Kong

Hong Kong
bank account

Learn about the advantages of opening a bank account in Hong Kong, how to do it, which are the top banks, and the jurisdiction’s financial system.

Opening a bank account in Hong Kong is a seamless process that offers various advantages to individuals and businesses alike. With its simple procedures and a wide range of services, setting up a bank account in Hong Kong is an attractive option for many.
Remote opening Yes
Opening difficulty Simple
Currency (HK$, HKD)
Minimum deposit 0
Non-residents accepted? Yes

Why choose a Bank in Hong Kong?

Hong Kong, as a leading financial hub in Asia, provides a stable and well-regulated banking environment, making it an ideal choice for those looking to open a bank account. Its strategic location and business-friendly policies attract both individuals and corporations seeking financial solutions.


  • Access to a sophisticated banking system with advanced digital services.
  • Stable currency and low exchange rate risks.
  • Efficient international fund transfers and cross-border transactions.
  • Wide range of investment options and wealth management services.
  • Highly reputable and globally recognized banks.


  • Relatively high account maintenance fees.
  • Strict compliance and documentation requirements.
  • Limited availability of English-speaking staff in some branches.
  • Stringent regulations for certain types of transactions.

Types of bank accounts in Hong Kong

Personal bank account

A personal bank account in Hong Kong offers a range of services tailored to individual needs, including savings accounts, current accounts, and investment options. Account holders can access online banking and mobile apps for convenient money management.

Business bank account

For businesses operating in Hong Kong, a business bank account provides essential financial tools to manage day-to-day operations. It allows companies to transact in various currencies, handle payroll, and receive payments from clients efficiently.

The banking sector in Hong Kong

Hong Kong’s banking sector is renowned for its stability, transparency, and adherence to international standards. The city’s robust regulatory framework ensures the safety of deposits and promotes investor confidence. Compared to similar countries, Hong Kong’s banking system stands out for its efficiency and attractiveness to global investors.

Commercial banks operating in Hong Kong

  • Bank of China (Hong Kong)
  • HSBC Hong Kong
  • Hong Kong and Shanghai Banking Corporation Limited (Hang Seng Bank)
  • Standard Chartered Bank (Hong Kong)
  • Bank of East Asia
  • Citibank (Hong Kong)
  • DBS Bank (Hong Kong)
  • China Construction Bank (Asia)
  • Industrial and Commercial Bank of China (Asia)

How to open a bank account in Hong Kong


  • Applicants must be at least 18 years old.
  • Proof of residential address in Hong Kong.
  • Valid identification documents, such as passport or Hong Kong ID card.
  • For business accounts, company incorporation documents are required.

Required documents

  • Passport or Hong Kong ID card.
  • Proof of residential address (utility bill, bank statement, etc.).
  • For non-residents, proof of employment or study in Hong Kong.
  • Business registration certificate for corporate accounts.


  1. Choose a bank and account type that suits your needs.
  2. Visit the bank’s website or branch to start the application process.
  3. Submit the required documents and complete the application form.
  4. Wait for the bank’s approval and account activation.
  5. Receive your account details and start managing your finances.

Frequently asked questions

Can a non-resident open a bank account in Hong Kong?

Yes, non-residents can open a bank account in Hong Kong. Hong Kong’s banking system is known for its international accessibility and welcoming approach towards non-resident customers. However, non-residents may need to provide additional documentation to fulfill the bank’s regulatory requirements. Non-resident individuals typically need to submit proof of their employment or study in Hong Kong, along with their valid identification documents, such as a passport. For non-resident businesses, the bank may require additional corporate documents and information about the company’s activities. It’s worth noting that some banks may have specific account types tailored for non-resident customers, which can offer certain benefits and services targeted at their unique needs. Overall, non-residents can enjoy the same level of banking services and convenience as local residents when opening a bank account in Hong Kong.

How long does it take to register a bank account in Hong Kong?

The time required to open a bank account in Hong Kong can vary depending on several factors, including the chosen bank, the type of account, and the completeness of the submitted documentation. In general, the process can take anywhere from a few days to a few weeks. After submitting the necessary documents, the bank will verify the information and perform due diligence checks to ensure compliance with regulatory requirements. The exact duration may also depend on the complexity of the account opening, especially in the case of corporate accounts, which may involve more extensive verification procedures. To expedite the process, applicants should ensure that they provide all required documents accurately and promptly respond to any additional requests from the bank. Online application facilities offered by some banks can further streamline the account opening process, making it more convenient for customers.

Can a foreigner open a bank account in Hong Kong without visiting?

Yes, it is possible for foreigners to open a bank account in Hong Kong without visiting in person. Many banks in Hong Kong now offer online or remote account opening services, allowing individuals and businesses from around the world to set up accounts conveniently. Through these remote account opening procedures, applicants can complete the necessary documentation and verification processes electronically. The banks may require scanned copies of identification documents and other proofs, which can be submitted through secure online channels. It is essential to check with the specific bank of interest to understand their remote account opening requirements and procedures. The ability to open an account remotely is particularly advantageous for non-residents who may face challenges in traveling to Hong Kong for account setup.

Which banks offer remote account opening in Hong Kong?

Several reputable banks in Hong Kong offer remote account opening services, making it easier for individuals and businesses to access their services from anywhere in the world. Some of the major banks that provide this facility include: HSBC Hong Kong Hang Seng Bank Standard Chartered Bank (Hong Kong) Bank of China (Hong Kong) DBS Bank (Hong Kong) Citibank (Hong Kong) While these banks offer remote account opening, the specific requirements and procedures may vary. It is advisable to visit the respective bank’s website or contact their customer service for detailed information on how to open an account remotely.

Is it necessary to have a local address to open a bank account in Hong Kong?

Yes, to open a bank account in Hong Kong, having a local residential address is generally required. The bank may use this address for correspondence and verification purposes. It provides assurance that the applicant has a physical presence in Hong Kong and aids in complying with local regulatory standards. For non-residents who do not have a local address, certain banks may offer alternatives or workarounds. Some international banks operating in Hong Kong may accept a registered office address provided by corporate service providers or a local agent. Individuals and businesses without a local address can explore options with banks that cater to non-resident customers or offer specialized services for offshore banking.

Can I open a business bank account remotely in Hong Kong?

Yes, some banks in Hong Kong do offer the convenience of remote account opening for business entities. Opening a business bank account remotely can be particularly beneficial for overseas companies looking to establish a presence in Hong Kong without the need for physical visits. To open a business bank account remotely, companies need to provide the required corporate documents, such as the Certificate of Incorporation, Business Registration Certificate, and Memorandum and Articles of Association. Additionally, banks may require details about the company’s business activities, shareholders, and directors. The ability to open a business bank account remotely can streamline the process and make it more accessible for international businesses seeking to tap into Hong Kong’s vibrant financial environment.

What are the types of bank accounts available in Hong Kong?

Hong Kong offers a diverse range of bank account types to cater to various financial needs and preferences. The common types of bank accounts available in Hong Kong include:
  • Personal Savings Account: A basic account designed for individuals to save money, earn interest, and manage day-to-day expenses.
  • Personal Current Account: Similar to a savings account but primarily used for day-to-day transactions such as bill payments, salary deposits, and withdrawals.
  • Time Deposit Account: A fixed-term deposit account that offers higher interest rates in exchange for a predetermined lock-in period.
  • Multi-Currency Account: An account that allows individuals and businesses to hold and transact in multiple currencies, providing convenience for international transactions.
  • Business Current Account: Specifically designed for businesses to manage their financial activities, such as receiving payments, making transactions, and handling payroll.
  • Corporate Account: Tailored for companies and legal entities to manage their financial affairs, conduct business transactions, and handle corporate finances.
  • Offshore Account: Offered by some banks for non-resident individuals and companies seeking to hold assets outside their home country for various purposes, including privacy and asset protection.
Each account type comes with its specific features, benefits, and requirements. Individuals and businesses should carefully assess their financial goals and needs before selecting the most suitable bank account type.

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