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Opening a bank account in Hong Kong


If you are living and working in Hong Kong, you will definitely have to open a bank account. Here is how to proceed.

If you have chosen to move to Hong Kong, you will probably be working there. And if you are, you will have to open a local bank account at some point of time. This should be quite easy as procedures are not so complicated. Moreover, you can choose from several banks around the city, namely HSBC, Citibank, the State Bank of India, BNP Paribas and many others.

Most of these banks are registered with the Hong Kong Association of Banks. Hence, you can find their contact numbers on this association's website and in the useful links mentioned at the end of this article.


You don't have to be a Hong Kong resident to be allowed to open a bank account there. However, you will need two compulsory documents: a valid identity document (passport or identity card) and proof of address (whether in Hong Kong or elsewhere). You just have to fill in related documents on the spot, with the help of a counselor.

Note that you will have to make a minimum deposit on opening the bank account. The amount generally varies according to the bank and the type of account you have chosen.

Types of bank accounts

You can choose between two types of bank accounts in Hong Kong, namely the current account and the savings account. Thereafter, you can even apply for a credit card. However, it is reserved for employees receiving their salary in Hong Kong. In general, the bank will verify your three latest payslips before deciding whether or not you are eligible to a credit card.


Note that additional fees apply to several transactions such as payment via a credit card or transfers in foreign currency, etc. In general, these fees amount to more than HKD 20. You are therefore advised to inquire on these fees with your respective bank before proceeding. Note that these fees may vary from one bank to another.


As mentioned in the Hong Kong Guide, Hong Kong is a highly developed region and deemed to be a financial hub for Asia. Hence, you are likely to find ATMs almost everywhere around the region in case of need. Checks are also accepted by some retailers, but you have to produce your identity card at each payment for security reasons. Debit cards are also widely used.

 Useful links:

The Hong Kong Association of Banks
The Hong Kong Association of Banks – Directory of banks

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