https://www.reddit.com/r/HongKong/comments/1j7r9ny/quickesteasiest_hk_business_bank_account/
created by breakola on 10/03/2025 at 05:10 UTC
6 upvotes, 11 top-level comments (showing 11)
I'm looking for suggestions around opening a bank I can connect to Stripe for a potential online business. Should be able to withdraw in and out and if possible there is a debit card I can make online transactions with (for business service payments like hosting etc)
I heard banks like HSBC are next to impossible to set up with now. Are there any good digital only options?
I have HK PR, assuming that makes things a little easier.
Thanks in advance.
Comment by GomuGomuNoMikataRobo at 10/03/2025 at 05:21 UTC
3 upvotes, 0 direct replies
Airwallex
Comment by Kind-Jackfruit-6315 at 10/03/2025 at 05:25 UTC
3 upvotes, 0 direct replies
Hang Seng. Between sending the docs, waiting for an appointment, etc, took me a month.
Comment by BakGikHung at 10/03/2025 at 05:26 UTC
2 upvotes, 1 direct replies
Start the business on stripe under your own name, make some money, then open the business account. You won't be able to open the account unless you show some tangible activity. The banks assume you're going to do money laundering by default.
Comment by IHeartLife at 10/03/2025 at 05:35 UTC
2 upvotes, 1 direct replies
Quick warning that may not apply to you: if you are american or have american shareholders it will be way way harder for you to open a business bank account.
Comment by Iamkzar at 10/03/2025 at 05:40 UTC
2 upvotes, 0 direct replies
Hang Seng especially if you already have an personal account with them! But idk why majority of business are hsbc account holders so try them as well
Comment by 13enlee at 10/03/2025 at 05:43 UTC
2 upvotes, 1 direct replies
Go digital to start so Airwallex, Za or Livi. They can open and receive almost instantly.
DBS was slightly quicker than SC at around 3-4 weeks.
Comment by loadofthewing at 10/03/2025 at 05:51 UTC
1 upvotes, 0 direct replies
Any smaller bank Like Chong Hing/shanghai commercial bank
Comment by Xr8e at 10/03/2025 at 08:29 UTC
1 upvotes, 0 direct replies
Airwallex nightmare KYC. Opens quickly but they'll suspend your account every time you deposit large funds. Go HSBC. Might take a while but their mobile app and bank feeds to Xero just work.
Comment by krisstern at 10/03/2025 at 16:12 UTC
1 upvotes, 0 direct replies
I applied for a biz account with HSBC about half a year ago, and it took them about a month to approve, and I didn’t even need to show up in person once. But granted, I have used their personal banking services for the majority of my life and have had some good history with them. Normally people would suggest you to try to open a biz banking account with a bank that you have used before for personal banking, and not to try something completely new.
Comment by Sellingerrors at 10/03/2025 at 16:31 UTC
1 upvotes, 0 direct replies
I have opened a couple HSBC bizz accounts. They were pretty chill.
Comment by Jazzlike-Check9040 at 10/03/2025 at 07:22 UTC
0 upvotes, 0 direct replies
They will tell you to F off in my usual experience. Got it finally with HSBC. HK banks are not interested in opening corp accounts