How to Open an Overseas Account | International - HSBC HK (2024)

FAQs

Can I open an HSBC HK account overseas? ›

It's free to open an overseas account if you're an HSBC Global Private Banking, HSBC Premier Elite, HSBC Premier or HSBC One customer. For staff- or phone-assisted account openings, certain charges may apply. A monthly fee may also apply to your account if you're unable to maintain the eligibility criteria.

You can open a Hong Kong bank account remotely by using the 'branch application' option or using the virtual bank option to complete your application entirely online. With traditional banks, opening an account can take up to 15 working days, depending on the bank's approval process.

Yes, non-residents can open a bank account in Hong Kong. You will need a passport or other identification proof and proof of address as fundamental required documents. However, the verification process might vary compared to Hong Kong residents.

If you're wondering, “Can I open a bank account in another country?” the answer is typically yes. Whether you are pursuing life as a digital nomad, studying abroad for a semester or two, or traveling with friends or your significant other for a few months, you're going to need access to funds.

You can submit an online application for many of our accounts. From us.hsbc.com, click on 'Banking' and choose any of the following: Credit Cards.

Banks provide country-specific accounts maintained in your destination's local currency. You can choose to open your international bank account online by visiting your bank's website and submitting the application form with the Know Your Customer (KYC) documents.

That said, you can open a bank account remotely, before you arrive, if your home bank has a presence in Hong Kong. In fact, it's advisable to do so, as the process is much simpler. Your local branch in your home country will help you complete the necessary paperwork and send everything to the Hong Kong branch.

Which is the best bank in Hong Kong for foreigners? ›

HSBC. The Hong Kong and Shanghai Banking Corporation (HSBC) stands as one of the largest financial services organisations. Their global banking services serve over 60 nations and 39 million clients worldwide, making them a top choice among local and international customers.

Once we've received your application form, ID and proof of address, it usually takes 7 to 10 days to open your account.

And, while it is absolutely legal to own a foreign bank account, there are some additional reporting and tax requirements that US persons should be aware of so that they can remain in IRS tax and reporting compliance and avoid unnecessary fines and penalties.

Bank of America, N.A. JP Morgan Chase Bank, N.A.

Can foreigners open a Hong Kong bank account? Yes, foreigners can open a Hong Kong bank account. However, the process may be more complex compared to residents. Most banks require a valid passport, proof of address (both in your home country and Hong Kong if available), and a reference letter from your current bank.

Your official ID, such as a passport or a HK ID card. Proof of address, such as a utility bill, a bank statement or a mobile phone bill (less than 3 months old) If you don't have a Hong Kong address, proof of your home address (you can also use a relative's or friend's address) A valid visa.

To join HSBC Expat you must be over 18, resident of an eligible country or region^{11 view footnote 1}, and meet one of these criteria: Save or invest at least £50,000 (or currency equivalent) with HSBC Expat within 3 months of opening your account, or​ Have a salary of at least £100,000 (or currency equivalent), or​