How do I open a Hong Kong bank account?

Many users want to travel to Hong Kong, shopping, study abroad, etc., the first step in overseas investment is to first have a Hong Kong bank account, some Hong Kong banks are relatively high requirements, and there are more people who open an account, it is not easy to make an appointment, the following to introduce how to handle a Hong Kong bank account?
Now Hong Kong is fully customs clearance, you can freely apply to open a bank account through Hong Kong, or if you do not want to go to Hong Kong, you can also apply to open an account in the Mainland, which will be much more convenient.
Necessary information for opening a personal bank Account in Hong Kong:
1. Valid ID
2. Hong Kong and Macao Permit (valid period)
3. Proof of address (not required, subject to personal qualifications)
At present, there are two main ways to open an account in Hong Kong:
The first is to personally go to Hong Kong to open an account, which is the simplest and most direct way.
Like HSBC, Standard Chartered, Citi, Hong Kong Citic, Hong Kong DBS, etc., you can choose one to open an account.
Hong Kong bank account opening will have certain conditions for the user, you need to prepare the account opening documents:
Personal ID card, passport, Hong Kong and Macao pass, clearance receipt, address proof, etc., also need to refer to the specific bank information.
Generally speaking, most banks will require deposits or purchase financial products, otherwise the success rate of account opening is low, if you do not want to buy insurance financial management, you can find the bank channel to help apply for an appointment to apply for account opening, usually do not need to buy financial products, but need to give a certain service fee to the bank channel, the success rate of account opening is high.
The process is as follows:
1. Personal account information: ID card, Hong Kong and Macao pass or passport
2. Video interview: After data review, the bank will make an appointment for the time and place of witness, and determine the risk of customer opening an account in the form of video call and witness of the bank's mainland staff.
3. Deposit transfer: Different banks have different requirements for deposits. If you can maintain a certain amount of deposit in the account, you can get preferential conditions for reducing the account management fee.
The above is the detailed introduction of Hong Kong bank account, under the advantages of the Internet, the emergence of BiyaPay, not only can improve the efficiency of our remittance abroad, but also help Chinese to solve the trouble of remittance home.
If you have any questions, please contact BiyaPay team!