2024 Tips for New Students 09
Hong Kong Bank Account Opening Guide
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The Hong Kong and Shanghai Banking Corporation Limited
Introduction: The Hongkong and Shanghai Banking Corporation Limited (HSBC), a wholly-owned subsidiary of HSBC Holdings plc and the largest incorporated bank in Hong Kong, is headquartered at the Hong Kong and Shanghai Banking Corporation Building, 1 Queen's Road Central, Central, Hong Kong. In addition, HSBC Hong Kong and Shanghai Banking Corporation Limited is one of the three note-issuing banks for the Hong Kong dollar and one of the four largest banks in Hong Kong. HSBC is one of the largest banking and financial services organisations in the world, with a market capitalization of US$198 billion on May 20, 2018. HSBC's business is deeply rooted, with an international network spanning six regions of the world, some 4,000 offices in 64 countries and territories in Europe, Hong Kong, Asia Pacific, the Middle East, North America, and Latin America, and more than 50 million of its financial services customers.
Services:
HSBC One Integrated Account
-Enjoy a full range of spending, saving, investment, and time deposit needs in 12 major currencies, and zero requirements for a total value of comprehensive financial management.
-Open an HSBC One account with the HSBC HK App and enjoy up to HK$4,588 worth of rewards.
-Simple account opening procedures
HSBC Premier Gold Card: Student Card
-Welcome Offer: Up to $300 in Reward Cash; Perpetual Annual Fee Waiver
-Up to 2.4% RewardCash rebate on purchases
-Up to $400 RewardCash rebate on credit card tuition fee payment
Handling materials:
(1) Hong Kong Identity Card or Hong Kong-Macao Travel Permit (for savings accounts and student credit cards for new customers)
(2) Proof of student documents: student card, admission letter, copy of school registration document (for student credit card)
Procedures:
Scan the exclusive POLYU QR code below to register for an appointment and bring the relevant documents to the designated branch.
Please note the following:
1. Please fill in the comment box at the end of the booking form with "Booking through the PolyU WeChat platform."
2. Please make a reservation three weeks in advance.
02
Bank of China (Hong Kong)
Introduction: Bank of China (Hong Kong) Limited (BOC Hong Kong, English: Bank of China (Hong Kong) Limited, BOCHK) is a wholly-owned subsidiary of BOC Hong Kong (Holdings) Limited and the second largest commercial bank in Hong Kong in terms of assets and deposits. BOCHK is one of the three note-issuing banks for the Hong Kong dollar, one of the founders of the JETCO ATM network and bill payment system, and the largest member bank. It is also the designated settlement bank for Renminbi (RMB) transactions in Hong Kong. BOC Hong Kong is legally separate from its parent company, Bank of China, but as a member of the Bank of China Group, it is inextricably linked to the Bank of China Group in terms of its administration and its insurance and securities businesses.
Pros:
-No account management fee.
-No handling fee for inter-bank transfers with local Hong Kong banks, and no handling fee for transfers with the same name account with BOC in Mainland China.
-Many discounts on credit cards.
Processing Information:
(1) Hong Kong Identity Card or Hong Kong and Macau Travel Permit together with Mainland Identity Card.
(2) White slip for customs clearance
(3) Documentary proof of address - get a hostel to issue a certificate
(4) HK$1000 cash
(5) Student card
Remarks: Since the official website of BOC Hong Kong is not clear about the requirements of the materials needed to open an account, the processing information is partly based on the information on the Internet, so please pay attention to screening and try to contact the branch you are going to ask for clarification.
Procedures:
https://www.bochk.com/tc/contact/online/hkpaccountopen.html
Make an online appointment for processing through the above link.
03
Hang Seng Bank
Introduction：Hang Seng Bank (Hang Seng Bank) is a commercial bank headquartered in Hong Kong. Once one of the major Chinese banks in Hong Kong, it became a member of the British-owned HSBC Group after 1965, but it still maintains an independent operation, and is now focusing on business in Hong Kong and mainland China. Hang Seng Bank is one of the four largest banks in Hong Kong and ranked third in Hong Kong in 2017, behind HSBC Hong Kong and Bank of China (Hong Kong). It is also responsible for calculating the reference index for the Hong Kong stock market, the Hang Seng Index.
Pros:
-POLYU has branches on campus and can be booked on campus.
Easy-to-use mobile banking and multiple branches in Mainland China.
-Cash withdrawals from HSBC and Hang Seng Bank ATMs are free of charge.
Procedure: Scan the QR code below to book an appointment (you will receive a confirmation email and relevant information after selecting Uptime Banking and completing the relevant registration)
Summary: Above, we have introduced the advantages and account opening procedures of the three main banks in Hong Kong; all of them waive the account opening fee for savings accounts and offer a wide range of credit card privileges and financial services.
Overall, they are all very trustworthy banks that students can choose to apply to according to their needs.
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