Hong Kong remains one of the easiest places in Asia to open a bank account, even for non-residents.
Major Banks
HSBC The largest bank in HK. HSBC One account is free with no minimum balance.
Standard Chartered Offers easy opening process for expats.
Bank of China (Hong Kong) Good for cross-border banking with mainland China.
Requirements
- •Valid passport or HKID
- •Proof of HK address
- •Employment proof or student ID
- •Initial deposit (varies by bank)
Digital Alternatives
ZA Bank Hong Kong's first virtual bank, fully digital opening.
Mox Bank Backed by Standard Chartered, offers easy setup.
Tips for Expats
- •Bring multiple forms of ID
- •Proof of address can be a hotel booking initially
- •Consider opening accounts at multiple banks
- •HSBC is generally the easiest for newcomers