Sage-Tips

Can a US citizen open a bank account in Hong Kong?

Anybody can open a bank account in Hong Kong, whether resident or non-resident. In Hong Kong, non-residents only need to present proof of a home country address in order for a bank account to be opened on their behalf.

Can non-resident open bank account in Hong Kong?

Hong Kong allows everybody to open a bank account, regardless of Hong Kong residents or non-residents. Note, however, that foreigners opening a bank account in Hong Kong may be subject to more additional requirements for verification/identification purposes, compared to that for a local resident.

Can a US citizen have a foreign bank account?

A U.S. citizen can no longer easily open a personal account at a foreign bank in any country. However, some foreign banks in countries known for asset protection still allow U.S. individuals to open bank accounts.

What American banks have branches in Hong Kong?

Licensed U.S. Commercial Banks in Hong Kong Bank of America, N.A. JP Morgan Chase Bank, N.A. Hong Kong’s five largest local banks are indicated in the Investment Climate Statement.

How can I open a foreign bank account in Hong Kong?

Requirements to Open an Account Online or in Person Whether you use your passport or Hong Kong ID card, you’ll also need to take your proof of address and a valid visa too. If you are working in Hong Kong, then your contract or a letter from your employer will also be required.

Can I open bank account with passport?

Identification Requirements You must present a valid form of photo identification when you open a checking account. When you seek to open a new account, the bank is required by law to obtain a valid form of photo ID. The passport must be valid and not expired in order to use it to open a checking account.

How do I open a foreign bank account in Hong Kong?

Typically, the documents required to open a savings or current bank account as a foreigner include:

1. your Hong Kong Identity Card or a valid passport;
2. proof of address in Hong Kong or your home country (you do not have to be a Hong Kong resident to open a bank account in Hong Kong);
3. completed application form.

Does Bank of America operate in Hong Kong?

Our Hong Kong platform offers you a wide range of capabilities, including corporate banking, investment banking and treasury management solutions. Our sales and trading platform provides you with a full suite of FX, rates, commodities, equities, derivatives, financing and futures solutions.

What do you need to know about opening a Hong Kong Bank?

Below are some key highlights in relation to Hong Kong bank account opening that you need to know: Hong Kong allows everybody to open a bank account, regardless of Hong Kong residents or non-residents.

Can I open a bank account online in Hong Kong?

Because of Hong Kong’s stringent anti-money laundering rules, you cannot open a bank account online if it’s your first account. However, once you have internet banking up and running, you can open as many accounts as you like using the online system.

Are Hong Kong companies compulsory to own a corporate bank account?

However, Hong Kong companies are NOT compulsory to own a corporate bank account in Hong Kong. Instead, they can register a bank account in other countries. By dint of its good reputation, Hong Kong companies are typically welcomed in most foreign countries, allowing them to easily open a bank account.

What are the best banks in Hong Kong for non- residents?

If you prefer to be with a smaller, private bank with less international exposure, read on below. There are other large commercial banks in Hong Kong, such as Bank of China, DBS and Standard Chartered. In our experience, they are a lot less willing than HSBC to open accounts for non-residents of HK.