Open HSBC bank account
When you have complete the process of opening Hongkong company, the next step is to open a bank account. The government hasn’t make rules for cooperation to set up bank account; managers can decide whether to open bank account on the basis of practical situation.
Comparison of HSBC Hong Kong and HSBC domes tic accounts:
HSBC Bank :
(1). Please submit the following:
(2). Complete registration information
(3). Proof of address of directors
(4). Directors’ ID cards, pass or passport,
DKANS can help to make an appointment with one day’s notice;
Allowed to conduct Internet Banking;
At least two directors must go to the bank.
HSBC’s current network in Mainland China comprises 92 outlets including 20 branches in Beijing, Changsha, Chengdu, Chongqing, Dalian, Dong guan, Guangzhou, Hangzhou, Qingdao, Ningbo, Shanghai, Shenyang, Shenzhen, Suzhou, Tianjin, Wuhan, Xiamen, Jinan, Xi’an and Zhengzhou, and 72 sub-branches in Beijing, Chengdu, Chongqing, Dalian, Guangzhou, Hangzhou, Qingdao, Shenzhen, Shanghai, Suzhou, Tianjin, Wuhan, Xiamen, Xi’an and Shenyang.
2. HK company Account Opening Activation Fee
Search Fee HK$100;
Integrated Account Opening HK$2,000;
Only cheque payments are accepted.
HSBC China: Search Fee RMB200;
3. Transfer-in fees
HSBC Hongkong: HK$50 per 1,000
HSBC China: US$6.6 per 1,000
4. Transfer-out fees
HSBC Hongkong: HK$150 - 200 per 1,000
HSBC China: Remittance amount + U.S. postal + 15% fee.
5. Cash withdrawal via Counter Service
HSBC Hongkong: No fee to withdraw cash
HSBC China: Amount received in Hong Kong dollars in cash: 1.5% + 2.5 per $1,000
6. Letter of Credit Application Fees
(1). HK$260 per 1,000;
(2). Telegram charge HK$200
HSBC China: NIL