Overview
DBS Hong Kong, at a glance.
DBS Hong Kong is a bank headquartered in Hong Kong, regulated by Hong Kong Monetary Authority. Business accounts cost HK$0–250 a month. Opening an account takes 3–5 days. Directors, shareholders, partners or the sole proprietor should hold a Hong Kong permanent ID card or a PRC Resident Identity Card; others may be asked to a video or face-to-face identity check.
DBS Bank (Hong Kong) Limited is a licensed bank in Hong Kong, authorised by the Hong Kong Monetary Authority, and part of the DBS Group. Deposits are protected by Hong Kong's Deposit Protection Scheme up to HK$800,000 per depositor per bank.
Why businesses pick DBS Hong Kong
- Opened online, the same working day for HK permanent ID holders
- HKD and 13 other currencies in the multi-currency savings account
- 50 free FPS payments a month
- Telegraphic transfers from HK$115 through DBS IDEAL
- 24/7 instant FX conversion
Watch out for
- HK$250 a month below a HK$50,000 average deposit balance
- HK$10,000 initial deposit
- Overseas companies pay at least HK$10,000 to open and HK$5,000 a year
- For companies incorporated or registered in Hong Kong
Business fit
Will DBS Hong Kong accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on DBS Hong Kong's published rules
Needs review
DBS Hong Kong works with Startups and SMEs, but does not publish the countries it accepts companies from.
DBS Hong Kong does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What DBS Hong Kong publishes about the businesses it takes on.
Who DBS Hong Kong serves
- Startups and SMEs
- Import and export
- E-commerce
- Professional services
Not supported
Industries and countries DBS Hong Kong does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use DBS Hong Kong?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
14 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- DKK
- HKD
- NOK
- NZD
- RMB
- SEK
- SGD
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- Hong Kong SAR China
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Limited liability companies, Partnerships, Sole proprietorships
Pricing
What does DBS Hong Kong cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
From HKD 1,200
depends on plan
Monthly fee
Free
Conditions
Overseas and special companies, minimum
Business account (Hong Kong company)
Lowest costHKD 0 per month
HKD 1,200 setup · HKD 1,200 in year one
Business account (overseas company)
HKD 0 per month
HKD 10,000 setup · HKD 10,000 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | HKD 65 | Fixed fee |
| Outgoing | ||
| SWIFT / international | HKD 115 | Fixed fee · Through DBS electronic banking; HK$200 at a branch |
| Local transfer to another bank | Free | No charge · First 50 FPS payments a month up to HK$1,000,000; HK$5 after |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply online
Fill in the online form in as little as 15 minutes.
- 2
Verify
Verify identities by mobile phone; others may join a video or face-to-face check.
- 3
Deposit
Credit the HK$10,000 initial deposit.
- 4
Account live
The account opens the same working day for HK permanent ID holders, up to 5 days with PRC IDs.
Documents you need
Not published
FAQ
Your questions, answered.
Is DBS Hong Kong a bank?
Yes. DBS Bank (Hong Kong) Limited is a licensed bank in Hong Kong, authorised by the Hong Kong Monetary Authority, and part of the DBS Group.
How much does a DBS Hong Kong business account cost?
Opening costs from HK$1,200 for a Hong Kong company. The account costs HK$250 a month when the average deposit balance is below HK$50,000.
How fast can I open a DBS business account in Hong Kong?
The same working day when all owners and directors hold Hong Kong permanent ID cards, and up to 5 working days when one holds a PRC Resident Identity Card.
Which currencies does DBS Hong Kong offer?
HKD, USD and RMB, plus AUD, CAD, CHF, DKK, EUR, GBP, JPY, NOK, NZD, SEK and SGD.
Alternatives
How DBS Hong Kong compares.
If DBS Hong Kong is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 DBS Hong KongThis pageBank |  | Multi-currencyOnline opening |
 HSBC Hong KongBank | | 12 currenciesBig bank |
 Hang Seng BankBank | | Remote openingHKD |
 OCBC Hong KongBank | | Online openingOverseas companies |
 ZA BankBank | | Virtual bank11 currencies |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.