<aside> ℹ️ If you’re planning to stay in Hong Kong for a while, you may want to open a bank account. Here’s how to go about opening one.

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<aside> 🏗️ This guide is a work-in-progress. If you have any additional questions or think this page should contain anything specific, give feedback via this form: https://tally.so/r/w2Lz69

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Can I open a bank account as a non-resident?

Yes. Hong Kong is a transient city, and most of its residents are temporary. Because of this, opening a basic current account is as easy as it gets, even if you’re a foreign student or tourist. The process is especially simple for EU, American and Australian passport holders; who can open an account almost immediately. For other nationalities, the process can take up to 2 weeks to complete.

Can I open a bank account remotely or online?

Because of Hong Kong’s stringent anti-money laundering rules, you cannot open a bank account online if it’s your first account. However, once you have internet banking up and running, you can open as many accounts as you like using the online system.

Be aware though, even if you have a personal bank account, you won’t be able to open a business account online. Rules for business bank accounts are much stricter, and you’ll always need to apply in person.

That said, you can open a bank account remotely, before you arrive, if your home bank has a presence in Hong Kong.

In fact, it’s advisable to do so, as the process is much simpler. Your local branch in your home country will help you complete the necessary paperwork and send everything to the Hong Kong branch. You’ll need to do this at least 30 days before your departure.

Once you arrive in Hong Kong, just visit your new branch to confirm your identity and your account should be up and running within 15 to 20 days.

What documents do I need?

Broadly speaking, you’ll need the following documents in order to open an account:

1. Your official ID, such as a passport or a HK ID card;
2. Proof of address, such as a utility bill, a bank statement or a mobile phone bill (less than 3 months old),
3. If you don’t have a Hong Kong address, proof of your home address;
4. A valid visa.

If you’re a student, you’ll need an official letter from your university or education facility in Hong Kong confirming your registration as a full-time student.

HK ID Card

You’ll need an HK ID card if you’re over 11 years old and plan on staying in Hong Kong for more than 180 days.

The card makes it easier to use public services, get immigration clearance and even apply for a library card. It’s more secure than a passport and has a range of ingrained data to protect you from identity fraud. It’s also necessary if you want to open a business bank account.