# Fusion Bank: Hong Kong Business Account

> A Hong Kong virtual bank's business account for local startups and SMEs: balances in HKD, CNY, USD, EUR, JPY and AUD, FPS, CHATS and remittances, no monthly fee and no minimum deposit, opened online with the Fusion Bank app.

Finzil profile: https://finzil.com/providers/fusion-bank · Provider website: https://fusionbank.com · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** HK$0 (no minimum deposit)
- **Currencies:** 6 (HKD, CNY, USD, EUR, JPY, AUD)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Licensed bank (virtual bank)
- **IBAN:** Hong Kong account number
- **Payment rails:** FPS, CHATS, remittances
- **Safeguarding:** Hong Kong Deposit Protection Scheme
- **Remote opening:** Yes
- **Headquarters:** Hong Kong
- **Currency codes:** HKD, CNY, USD, EUR, JPY, AUD

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not published
- **Countries of incorporation accepted:** Not published
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** Not published
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Hong Kong companies (startups and SMEs)

## Industries

- **Industries served:** Startups and SMEs, Import and export
- **Prohibited industries (provider's own list):** Not published

## Licences

- Hong Kong: HKMA, Licensed bank, Fusion Bank Limited (https://vpr.hkma.gov.hk/eng/regulatory-resources/registers/register-of-ais-and-lros/info/100330)

Safeguarding: Fusion Bank is a licensed bank in Hong Kong and a member of the Deposit Protection Scheme, which protects eligible deposits up to HK$800,000 per depositor.

## Fees

Source: https://www.fusionbank.com/biz.html?lang=en (checked 2026-10-20)

### Plans

- **Business Account:** Free

### Currency exchange (FX)

- FX markup: Not published

## Opening an account

Opening an account typically takes three to five business days.

1. **Sign up.** Register on the Business Account Opening Platform.
2. **Company details.** Fill in the company information and upload the documents.
3. **Identity.** Verify your identity in the Fusion Bank app.
4. **Verification call.** Fusion Bank calls the contact person to confirm the company's details, then opens the account.

Documents: Not published

## Pros and cons

- Pro: No monthly fee and no minimum deposit
- Pro: Balances in six currencies: HKD, CNY, USD, EUR, JPY and AUD
- Pro: FPS and CHATS for local payments, plus remittances
- Pro: A licensed Hong Kong bank
- Pro: Opened online, as fast as one day
- Con: Aimed at local Hong Kong startups and SMEs; rules for foreign owners not published
- Con: Transfer and remittance fees not published
- Con: No cards published
- Con: The exchange rate margin is not published
- Con: No list of refused industries published

## Finzil's take (opinion)

Fusion Bank is a free, simple account from a Hong Kong virtual bank, useful for a local company that wants HKD with five other currencies and no monthly fee. It is built for Hong Kong businesses, and it publishes little about fees or foreign owners; ZA Bank and Airwallex say more.

## Alternatives

- [ZA Bank](https://finzil.com/providers/za-bank): Bank · Hong Kong
- [livi bank](https://finzil.com/providers/livi-bank): Bank · Hong Kong
- [Ping An Digital Bank](https://finzil.com/providers/ping-an-digital-bank): Bank · Hong Kong
- [Airwallex](https://finzil.com/providers/airwallex): E-money institution · UK

## FAQ

**Is Fusion Bank a real bank?**

Yes. Fusion Bank Limited is a licensed bank (virtual bank) supervised by the Hong Kong Monetary Authority, and a member of the Deposit Protection Scheme.

**How much does a Fusion Bank Business Account cost?**

There is no monthly fee and no minimum deposit. Fees for transfers, remittances and FX are not published.

**Which currencies does Fusion Bank support?**

HKD, CNY, USD, EUR, JPY and AUD, with instant exchange between them.

**How long does opening take?**

Fusion Bank says as fast as one day, depending on how complete the documents are.

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