Overview
Ping An Digital Bank, at a glance.
Ping An Digital Bank is a bank headquartered in Hong Kong, regulated by Hong Kong Monetary Authority. Business accounts cost HKD 0 a month. Opening an account takes 3–5 days. Accepted. Companies whose ultimate owners do not hold a Hong Kong ID pay at least HKD 10,000 more to open.
Ping An Digital Bank (International) Limited is a licensed bank in Hong Kong. Eligible deposits are protected by the Hong Kong Deposit Protection Scheme.
Why businesses pick Ping An Digital Bank
- No monthly management fee
- Free FPS, internal and local CHATS transfers in and out
- SWIFT payments in 14 currencies, from HKD 80
- Companies whose owners do not hold a Hong Kong ID are accepted, at a published extra fee
- Opened in the SME app
Watch out for
- Opening costs HKD 2,000
- Companies with owners without a Hong Kong ID pay at least HKD 10,000 more
- Only for companies incorporated in Hong Kong
- Inward SWIFT costs HKD 50 or USD 10
- No business card is published
Business fit
Will Ping An Digital Bank 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 Ping An Digital Bank's published rules
Likely no
Ping An Digital Bank does not list United Kingdom among the countries where it accepts companies.
Ping An Digital Bank 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 Ping An Digital Bank publishes about the businesses it takes on.
Who Ping An Digital Bank serves
- Startups and SMEs
- Import and export
- E-commerce
- Professional services
Not supported
Industries and countries Ping An Digital Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Ping An Digital Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
HKD, USD and CNY
Hold and receive · 3 currencies
- USD
- CNY
- HKD
Pay out · 14 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- CNH
- CNY
- HKD
- NOK
- NZD
- 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
Companies incorporated in Hong Kong
Pricing
What does Ping An Digital Bank 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 2,000
Monthly fee
Free
Business account
HKD 0 per month
HKD 2,000 setup · HKD 2,000 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | HKD 50 | Fixed fee · Or USD 10 |
| From another Ping An Digital Bank account | Free | No charge · FPS, internal and local CHATS |
| Outgoing | ||
| SWIFT / international | HKD 80 | Fixed fee · Charges paid by the payee, or USD 10; USD 30 if you pay all charges |
| To another Ping An Digital Bank account | Free | No charge · FPS, internal and local CHATS |
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
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 Ping An Digital Bank a bank?
Yes. Ping An Digital Bank (International) Limited, formerly PAO Bank, is a licensed bank in Hong Kong, authorised by the Hong Kong Monetary Authority.
How much does the business account cost?
Opening costs HKD 2,000 and there is no monthly management fee. FPS and local CHATS transfers are free; outward SWIFT costs HKD 80 and inward SWIFT HKD 50.
Can a company with owners outside Hong Kong open an account?
Yes, if the company is incorporated in Hong Kong. Companies whose ultimate owners do not hold a Hong Kong ID pay at least HKD 10,000 more to open.
Which currencies can I send?
Accounts hold HKD, USD and CNY; SWIFT payments can be sent in 14 currencies, including EUR, GBP, JPY and SGD.
Alternatives
How Ping An Digital Bank compares.
If Ping An Digital Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Ping An Digital BankThis pageBank |  | Virtual bankNon-residents accepted |
 ZA BankBank | | Virtual bank11 currencies |
 Ele BankBank | | No monthly feeDeposit protection |
 livi bankBank | | No monthly feeDeposit protection |
 StatrysMoney service operator |  | Hong Kong accountFree account |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.