Open Bank Account Online

Updated: Feb 19

How do I open a business bank account in Hong Kong? Can a foreigner open a bank account in Hong Kong? Can I open a bank account in Hong Kong online? Should you open a business bank account?


Before setting up a company bank account, be sure to register and incorporate your business as those documents will be required to support your bank account application. You will be advised by your bank on what other documents are needed.


When opening an account, keep in mind that Hong Kong banks usually require a minimum deposit. Your bank may also request the identity and residence information of all the company’s beneficial owners due to Hong Kong’s anti-money laundering guidelines.


Online Account Opening for Business


DBS

DBS Business Account

Apply online. Open your business account in as fast as 3 working days. A faster way to open an account for your business.


Business owners can now open an account anytime and anywhere, without having to schedule face-to-face meetings with the bank, or submit physical documents and signatures. The application process is completely digitised and paperless. It is part of a comprehensive suite of digital solutions, available through DBS online banking platforms for businesses in Hong Kong.


You can open a Multi-Currency Savings Account that lets you manage transactions in HKD, USD, RMB. Subsequently, you can also transact in AUD, CAD, CHF, DKK, EUR, GBP, JPY, NOK, NZD, SEK and SGD. During your application, you will be given the option to add a Current Account for HKD, RMB, or USD. Your application also comes with DBS IDEAL, their online business banking platform that gives you instant access to your account balances, make secure payments, and bank smarter and faster.


After your account is opened, you can contact them to apply for any of these services, or any other services that require a physical signature:

  • Trade facilities and services

  • Cheque book

  • Corporate ATM card

  • Investment account

DBS Online Account Opening for Business is available to any limited liability company incorporated and registered in Hong Kong SAR with no corporate directors, shareholders or authorised signatories.


Get your DBS Business Account seamlessly

  • Start your DBS Online Account Opening for Business Complete the application form and submit supporting documents online.

  • Verify your identity online Use your mobile phone to authenticate your identity.

  • Account opened Enjoy our full array of intelligent and intuitive banking services in as fast as 3 working days. This is DBS digibanking.

Non-permanent Hong Kong residents may be invited to join video conference or face-to-face meetings for identity verifications. Physical copies of identification documents certified by suitable certifiers should be delivered to DBS Bank (Hong Kong) Limited if meeting is conducted via video conference.


All Online Account Opening for Business applications are subject to approval by DBS Bank (Hong Kong) Limited.


01 Documents required for your industry


Required Documents for submission


Trading & Manufacturing

2 different sets Buyer Invoice e.g. Purchase Order, Order Receipt etc.

2 different sets Supplier Invoice e.g. Purchase Order, Order Receipt etc.

1 set Transportation Document e.g. Bills of Lading, Airway Bills etc.


Retail

2 different sets Supplier Invoice e.g. Purchase Order, Order Receipt etc.

1 set Tenancy Agreement

1 set Transportation Document e.g. Bills of Lading, Airway Bills etc.


Food & Beverage

1 set Tenancy Agreement

1 set Food License, Application for Food License


Business Services

2 different sets Service Contract e.g. Contracts with Your Customers etc.


Start-ups

1 set Business Plan

1 for each founder or UBO CV of All Founders and Ultimate Beneficiary Owner (UBO)


Others

1 set Annual Sales Turnover e.g. Bank Statement, Financial Statement etc.

1 set Trade Flow document e.g. Bills of Lading, Invoice etc.

1 set Operation Location proof e.g. Tenancy Agreement, Proof of Ownership etc.

1 set Company Structure e.g. PRC Company License, Org Chart etc.

Others (If relevant) e.g. Salary Proof, Insurance etc. -


If Primary Business Address is different from your Registered Address

1 Bank Statement or Utility Bill or Tenancy Agreement for your Primary Business Address


02 Start your DBS Online Account Opening for Business


Step 1: Start by clicking ‘Apply now’. Complete the application form and submit supporting documents online.


Step 2: Review your application before submission


Step 3: After submission, you can log in to our online business banking platform to track the status of your application


Step 4: DBS will contact you in 2 business days through a call or email


03 Verify your identity online


Use your mobile phone to authenticate your identity.


If you would like to know more, please contact Bestar.




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