min. Deposit (USD)
min. Balance (USD)
|1||HSBC||Hong Kong||USD 1,300||USD 6,500||2-5 weeks||No|
|2||Hang Seng Bank||Hong Kong||USD 1,300||USD 6,500||1-5 weeks||No|
|3||Citibank N.A||Hong Kong||HKD 50,000||HKD 50,000||1 month||No|
|4||Bank of China (Private Banking)||Hong Kong||Required||Required||Varies||No|
|5||China CITIC Bank International||Hong Kong||Not required||Not required||1 month||No|
|6||OCBC||Singapore||USD 30,000||USD 30,000||1-2 weeks||No|
|7||DBS||Singapore||USD 50,000||USD 50,000||1-2 weeks||No*|
|8||CIM Banque||Switzerland||CHF 10,000||CHF 10,000||3-10 working days||Yes|
|9||Bank of Cyprus||Cyprus||Not required||Not required||3-10 working days||Yes^|
|10||BENDURA BANK AG||Lichtenstein||CHF 5,000||CHF 5,000||2 working days||Yes|
|11||Rietumu Bank||Latvia||EUR 10,000||EUR 10,000||5-7 working days||Yes#|
|12||ABC Banking Corporation||Mauritius||Not required||Not required||3-5 working days||Yes|
|13||Meinl Bank||Austria||Not required||Not required||13-15 working days||No|
|14||Euro Pacific Bank||Puerto Rico||USD 500||Not required||3-5 working days||Yes|
Hong Kong assembles the largest international banks with multiple Asia-Pacific branches and headquarters. In terms of international transaction volume, it is one of the largest international banking centres in the world and Asia's second coming after Japan. The banking industry is significant to the Hong Kong economy.
Hong Kong has 151 licensed banks (of which 128 are foreign banks), 19 have restricted license banks (half of which registered overseas) and 26 local deposit-taking companies.
There is a comprehensive network of 1,300 local branches for the 196 licensed banks and financial companies. Also, 65 overseas banks have local representative office in Hong Kong.
Bank accounts are crucial to daily business and Hong Kong does not have foreign exchange controls. Thus, funds can be easily accessed. Due to the cumbersome banking services, overseas businessmen usually face difficulties in opening bank accounts with local banks in Hong Kong. A personal meeting with a bank officer is required in order to open a bank account. Usually the processing time is about 5 weeks.
INTERCORP understands the requirements of major banks and we are glad to help you with your account opening in Hong Kong and around the globe.
Hong Kong is famous for its solid banking infrastructure. There is no limit to the flow of funds of Hong Kong bank accounts. High confidentiality is guaranteed for the account holder’s identity and transaction information. Compared with other offshore bank accounts, the advantages include:
Hong Kong boasts the reputation of a reputable and secure banking centre. Businesses with Hong Kong bank accounts enjoy the image of trustworthy and reliable partners.
Customers can deposit, withdraw or transfer cash via any Hong Kong branch office of their bank.
In Hong Kong, minimum bank account balance is HKD 50,000. Monthly service fee of HKD 200-500 is applied if the balance drops below minimum limit.
Most nationalities are eligible for business account opening. Please contact our representative to learn more details.