Bank Account Opening Guide: Why has HSBC become the first choice for mainland users?
Why do mainland Chinese prefer to open an account with HSBC?
HSBC is a century old brand in Hong Kong, and its biggest advantage over other banks in Hong Kong is that there are no transaction fees for RMB wire transfers to mainland China! Free global transfer! Account management fee free! It is easy to manage accounts on online banking, with simple and fast operations, safe and reliable investment and wealth management services, and over 7500 service outlets worldwide. It provides diversified financial services to more than 40 million global customers, making it convenient for customers to handle business and solve problems at any time. With these advantages, HSBC has become the first choice for many customers.
What are the requirements for opening an account with HSBC Bank
For mainland residents, there are two different ways to open an account with HSBC in Hong Kong: one is to open a remote account through a mainland branch, and the other is to go directly to Hong Kong to operate it in person. Although remote account opening saves the trouble of traveling to Hong Kong, it sets a high threshold, requiring customers to first open a personal account with HSBC in mainland China and have at least 500000 yuan in deposit in the account. Under such conditions, more people will choose to go to Hong Kong for processing first.
Personal account opening requirements:
1. Over 20 years old, under 55 years old, with normal and stable workers
2. Front and back of ID card+Hong Kong and Macau travel permit (valid for more than six months, expired endorsement is also acceptable)
3. Some managers may require proof of social security for the past three months
There are still differences between opening an individual HSBC bank account and a company bank account. The requirements for opening an HSBC account for a Hong Kong company are:
1. Provide Hong Kong company information, director personal information (ID card, passport, bank statements from the past 3 months)
2. Certificate or business license of affiliated companies and bank statements from the past 3 months
3. Sales/purchase contracts of affiliated companies+value-added tax invoices and receipts corresponding to the contracts
4. Fill in KYC
Attention: When choosing to open an account with HSBC, it is important to distinguish between two modes: trade mode and e-commerce platform mode. The required documents are different! It is recommended to consult experts before opening an account~
The benefits of opening an offshore bank account
Customers of foreign trade and e-commerce platforms have a high demand for bank account opening, and domestic companies have high tax rates for receiving payments. They also need to provide contract review before they can receive funds. Offshore companies can open accounts without foreign exchange controls, and funds can be freely transferred in and out normally; The daily operation of the account is simple, and online banking can be opened for transactions. The transfer fee and maintenance fee are low, making it more convenient for customers to operate flexibly;
Compared to other offshore companies, opening a bank account in Hong Kong is easier to successfully process. Opening an account at a bank on one's own may result in insufficient preparation or lack of understanding of Hong Kong account opening requirements, leading to card rejections, multiple failed reviews, and a record of unsuccessful account opening; At the same time, due to a lack of understanding of the bank's account opening policy requirements, there may also be a situation where one cannot open an account even when traveling to Hong Kong to complete the process. In short, self-service account opening is troublesome and prone to running out of funds!
There are expert pre examination materials, appointment bank account opening (personal bank appointment can be completed by crossing the port on the same day), and VIP channel for fast processing of opening accounts for Xiao Mao's overseas banking in Hong Kong; Pre sales, in sales, and after-sales support bank account opening; Information shall not be leaked, and shall be kept safe and confidential; Efficient account registration, scheduled face-to-face appointments can be successfully processed on the same day, helping you easily obtain a Hong Kong company bank account!
Safe use of account opening
After opening an account, in order to avoid bank closure, sellers should also remember to pay attention to account security at all times!
Do not have situations where large inflows and outflows do not occur overnight, and do not leave profits in the account. Avoid transactions with countries or regions that have been sanctioned by the bank, and submit updated information in a timely manner according to the bank's requirements (for example, HSBC will notify on the account homepage from time to time: update immediately; this requires timely clicking, problem handling, data uploading, and confirmation of submission). Keep the account operating and active normally.
After registering a Hong Kong company, it is recommended to open multiple (2 or more) different bank accounts as backup to avoid the situation where only one account is closed and there is no backup bank account, which may affect business receipts and the company's bank account opening.
