How to Open a Bank Account in Hong Kong

Hong Kong and Shanghai Bank building in Hong Kong
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Opening a bank account in Hong Kong is very straightforward, much more so than in the US, UK or Europe. To open a bank account in Hong Kong all you require is ID and proof of address. It is not necessary to be resident in Hong Kong or have a work visa in Hong Kong and it’s perfectly possible for a tourist to open a bank account in the city.

For those with an address in Hong Kong, you need to provide proof of address, such as a utility bill or official government communication. Non-residents need to also provide one of these documents from their home country address. The bank will then post a letter to that address which you must furnish at the bank to open the account. Accepted forms of ID are a passport or Hong Kong Identity Card.

Popular Banks for Expats

HSBC, Hang Seng, and Standard Chartered are all popular with expats in Hong Kong. Be aware that not all bank employees are fully up to speed on their own bank regulations and may not know exactly what documents you’re required to provide. Expats don’t often open bank accounts in Fanling. It’s best to head to the larger branches in Central where you will find English speaking staff and managers more used to the specific needs of expats.

There are also branches of most major, international banks in the city, although not all offer private banking services, those that do include Bank of America, Citibank, and Deutsche Bank.

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