Overview
HSBC Hong Kong, at a glance.
HSBC Hong Kong is a bank headquartered in Hong Kong, regulated by Hong Kong Monetary Authority. Business accounts cost HKD 200 a month. Opening an account takes 3–5 days.
The Hongkong and Shanghai Banking Corporation Limited is a licensed bank supervised by the HKMA. Eligible deposits are protected by Hong Kong's Deposit Protection Scheme up to HKD 800,000.
Why businesses pick HSBC Hong Kong
- One account number for current, savings and time deposits in 12 currencies
- Online opening for Hong Kong-registered companies, as fast as 3 working days
- FPS payments cost HKD 5 and incoming FPS is free
- A Business Debit Mastercard with no annual fee and no foreign-currency handling fee
- Accepts limited companies, partnerships and sole proprietorships
Watch out for
- HKD 1,300 application fee and HKD 10,000 initial deposit
- HKD 200 a month below an HKD 100,000 average relationship balance
- Telegraphic transfers cost HKD 125 online; incoming HKD 65
- Signatories without a Hong Kong ID may need a video call or meeting
- Exchange margin not published
Business fit
Will HSBC 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 HSBC Hong Kong's published rules
Needs review
HSBC Hong Kong works with Startups and SMEs, but does not publish the countries it accepts companies from.
HSBC 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 HSBC Hong Kong publishes about the businesses it takes on.
Who HSBC Hong Kong serves
- Startups and SMEs
- Import and export
- E-commerce
- Professional services
Not supported
Industries and countries HSBC Hong Kong does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use HSBC Hong Kong?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
12 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- CNY
- HKD
- NZD
- SGD
- THB
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Limited companies, incorporated in Hong Kong or overseas, Partnerships, Sole proprietorships
Pricing
What does HSBC 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
HKD 1,300
Monthly fee
HKD 200
HSBC Business Direct
HKD 200 per month
HKD 1,300 setup · HKD 3,700 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | HKD 65 | Fixed fee |
| From another HSBC Hong Kong account | Free | No charge · FPS |
| Outgoing | ||
| SWIFT / international | HKD 125 | Fixed fee · Telegraphic transfer online; HKD 350 at a branch |
| To another HSBC Hong Kong account | HKD 5 | Fixed fee · FPS, up to HKD 1 million; CHATS (RTGS) HKD 55 |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · Business Debit Mastercard, annual fee waived |
| Card FX | Free | No charge · No foreign-currency handling fee |
| ATM withdrawal | HKD 25 | Fixed fee · Non-HSBC ATMs in Hong Kong; HKD 40 overseas; free at HSBC |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is HSBC Hong Kong a bank?
Yes. The Hongkong and Shanghai Banking Corporation Limited is a licensed bank supervised by the Hong Kong Monetary Authority. Eligible deposits are protected up to HKD 800,000. HSBC runs separately licensed banks in other countries.
How much does HSBC Business Direct cost?
The application fee is HKD 1,300 online (HKD 1,600 on paper) and the initial deposit HKD 10,000. The monthly fee of HKD 200 is waived when the three-month average relationship balance is HKD 100,000 or more.
Can I open an HSBC Hong Kong business account remotely?
Owners of Hong Kong-registered companies can apply online or in the HSBC HK Business Express app. Directors or signatories without a permanent Hong Kong ID may be invited to a video call or a face-to-face meeting.
Which currencies does HSBC Business Direct offer?
HKD, CNY, USD, GBP, CAD, AUD, JPY, NZD, EUR, SGD, CHF and THB.
Alternatives
How HSBC Hong Kong compares.
If HSBC 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 |
|---|---|---|
 HSBC Hong KongThis pageBank |  | Hong KongMulti-currency |
 ZA BankBank | | Virtual bank11 currencies |
 DBSBank |  | Foreign-owned companies13 currencies |
 OCBCBank | | Foreign-owned companies14 currencies |
 StatrysMoney service operator | | Hong Kong accountFree account |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.