Best Business Accounts in Hong Kong - 7 Top Rated Picks [2025]

Whether you’re starting a business in Hong Kong or expanding operations, a local business account is essential for managing finances efficiently. But which provider is the right fit? What are the requirements? And are there alternatives beyond traditional banks for startups and SMEs?

In this guide, we have selected the best business accounts in Hong Kong, highlighting key features to consider, eligibility requirements, documents to prepare, and tips to help you find an account that better suits your business goals.

Let's take a look.

Statrys is a licensed payment service provider in Hong Kong. Launched in 2019, Statrys has been providing over 5,000 companies across 70 countries with cross-border payment solutions for global business growth, including multi-currency accounts and FX services.

Specialising in foreign transactions and dedicated customer support, Statrys received the 2024 Hong Kong Business (HKB) Technology Excellence Award in the Fintech—Payments category.

Statrys Business Account Key Features

• Multi-Currency Business Account: Receive and hold money in 11 currencies: USD, HKD, RMB, AUD, EUR, GBP, SGD, JPY, CHF, NZD, and CAD.
• Make International Payments (SWIFT): Send money in 18 currencies to the US, EU, UK, Mainland China and other supported countries without transaction limits. The expanded range includes THB, VND, INR, IDR, PHP, TRY, and KRW. 
• Local Payments: Send local payments in 12 currencies: AUD, EUR, GBP, IDR, INR, KRW, PHP, SGD, THB, TRY, USD, and VND. This allows you to pay suppliers and employees in their local currency while saving on transfer fees.
• FX Services: Get competitive rates based on real-time mid-market rates. You can also lock in rates for future transactions with forward contracts.
• Real-time SWIFT Payment Tracking: Monitor your international payments in real-time and send shareable tracking links to payees.
• Virtual and Physical Payment Cards: Get prepaid Mastercard® cards to make online and in-store purchases, as well as cash withdrawals from ATMs in Hong Kong and internationally.
• Xero Integration: Automatically sync your transactions with Xero accounting software to simplify your bookkeeping.
• MT103: Download your MT103 document online for free in your Statrys account.

Opening a Statrys Business Account Online

Opening an account with Statrys can be done 100% online, even if you are not residing in Hong Kong. 

Why Consider Statrys?

DBS is a multinational banking and financial services group headquartered in Singapore. It has been operating in Hong Kong since 1999 and provides a selection of business bank account options under its SME banking and Corporate Banking service, including multi-currency savings accounts, RMB corporate accounts, and Social Enterprise Package.

In 2024, DBS received several awards from Euromoney, including Best International Bank in Hong Kong and Taiwan and Best Bank for Wealth Management in Asia.

DBS Bank (Hong Kong) Business Account Key Features

• Multi-Currency Savings Account: Manage default currencies HKD, USD, and RMB, plus 11 others, including AUD, CAD, CHF, DKK, EUR, GBP, JPY, NOK, NZD, SEK, and SGD, each with its own wallet in one account.
• RMB Corporate Account: Manage and save on FX conversion charges from RMB to other currencies, including from RMB to HKD and from RMB to USD.
• Social Enterprise Package: Low-cost multi-currency account designed for social enterprises with waivers on some fees, including account set-up and monthly fees.
• Real-time Payment Tracking: Receive real-time updates on your transactions.
• Instant Fund Transfers: Transfer up to HKD or RMB 5 million per transaction instantly via FPS.

Opening a DBS Bank (Hong Kong) Business Account Online

Opening a DBS business account requires an initial deposit of HKD 20,000 and a one-time opening fee of HKD 1,200 (or HKD 10,000 for overseas companies). A monthly fee of HKD 250 will apply if your average balance falls below HKD 50,000.

*DBS’s Chinese New Year campaign waives an account opening fee if businesses meet certain conditions.

Why Consider DBS Bank (Hong Kong)?

Hang Seng Bank is a Hong Kong-based bank established in 1933. It is a part of the HSBC Group and has a wholly-owned subsidiary in mainland China, Hang Seng Bank (China).

Hang Seng Bank offers personal and corporate financial services, including online banking and savings accounts. It offers two business accounts under its Business Integrated Account product, designed to cater to businesses at different stages of growth: the Biz Virtual+ Account for startups and local SMEs and the Integrated Business Solution Account for well-established SMEs and corporates.

Hang Seng Bank Business Integrated Account Key Features

• Integrated Business Solutions Account: An all-in-one business account that integrates HKD current, savings (in HKD, RMB, foreign currencies), time deposit, investment, and statement gold accounts under one account number.
• Biz Virtual+ Account: An integrated business account designed for startups and local SMEs with digital conveniences and a simplified application process.
• AutoSweeping Service: Automatically moves funds from your savings account to cover any overdrafts or surpassing your credit limit.
• Investment & Treasury Services: Open an investment sub-account within your business account to benefit from investment options.
• Local Payment Services: Preferential pricing on Faster Payment System (FPS) payment

Opening a Hang Seng Bank Business Integrated Account Online

Opening a Hang Seng account requires an initial deposit of HKD 20,000, and you’ll need to pay HKD 1,000 upon application. The bank charges a monthly fee of HKD 200 but can be waived if you maintain a sufficient balance.

**Hang Seng Bank offers a HKD 300 discount when businesses open an account and meet certain conditions.

Why Consider Hang Seng Bank?

Founded in 1865, HSBC is one of the largest banks in Hong Kong and the world. Headquartered in London, HSBC serves over 40 million customers worldwide and provides comprehensive business banking services, including Business Integrated Accounts, HSBC Sprint Accounts, HSBC Business Direct Accounts, instalment loans, and credit cards, with a remote bank account opening option.
HSBC recently received the Award of Excellence - Digital Business Banking from Hong Kong Economic Journal Financial Services Awards of Excellence 2024. [9]Additionally, HSBC Hong Kong is one of the three commercial banks authorised by the Hong Kong Monetary Authority to issue HKD banknotes.

HSBC Business Integrated Account Key Features

• Business Integrated Account: An account merging savings, current, time deposit, and investment features, tailored in three tiers for startups, growing SMEs, and established SMEs. 
• Multi-Currency Support: Manage your funds in 12 currencies under one account number: HKD, CNY, EUR, USD, AUD, CAD, CHF, GBP, JPY, NZD, SGD, and THB. 
• Same-day Remittance to Mainland China: The higher business account tiers offer same-day remittance to Mainland China.
• Payroll Service: Set up and automate payroll payments with no annual or registration fees.
• Xero Integration: Connect your business bank account to Xero accounting software for seamless financial management.
• Real-Time Notifications: Get real-time WeChat notifications on account balance and transactions.

Opening an HSBC Business Integrated Account Online

HSBC charges a monthly fee ranging from HKD 200 to HKD 450, based on your chosen plan. An opening fee of up to HKD 1,600 applies, and the bank requires an initial deposit of HKD 10,000.

Why Consider HSBC?

Formerly known as Wing Hang Bank and OCBC Wing Hang Bank, OCBC Bank (Hong Kong) has been a subsidiary of the Overseas-Chinese Banking Corporation of Singapore (OCBC) since its acquisition in 2014. 

OCBC Bank (Hong Kong) provides a range of banking products for business clients, including SME Business Accounts, business loans, commercial insurance, and MPF services.

The bank has also received multiple industry awards, including being named Best SME Bank in Asia-Pacific by Global Finance for 2 consecutive years (2023-2024).

H3: OCBC Bank (Hong Kong) SME Business Account Key Features

• Multi-Currency SME Business Account: Hold and pay in 15 currencies, including USD, HKD, RMB, SGD, AUD, and GBP.
• Business Debit Card: Spend like a local worldwide with a complimentary Visa debit card that allows you to pay and track online and in-store payments.
• Convenient Local Payments: Benefit from FPS local transfer and receive payments instantly.
• Internet and Mobile Banking Platform: Get 24/7 access to your account through the OCBC Business app online banking platform.
• Real-Time Notifications: Effortless reconciliation facilitated by real-time notifications and end-of-day transaction reports.

Opening an OCBC Bank (Hong Kong) SME Business Account Online

OCBC offers a business account with no setup costs, no deposit requirement, and no monthly fee.

Why Consider OCBC Bank (Hong Kong)?

Bank of East Asia (BEA) Limited is currently the largest independent local Hong Kong bank. Founded in 1918, it is the oldest family-run bank in Hong Kong.

Bank of East Asia offers various SME, corporate, and commercial financial products, including business bank accounts, commercial mortgages, and SME Financing Guarantee Scheme. It also has branches and representative offices in Singapore, Malaysia, the UK, and the US.

Although you can apply for BEA’s CorporatePlus Account online, you may have to complete identity verification and sign an application form at the bank’s branch to proceed with the process.

Bank of East Asia CorporatePlus Account Key Features

• CorporatePlus Account: A business integrated account that allows you to access HKD current account, statement savings account, and time deposit account under one account number.
• Optional Sub-Accounts: You have the option to apply for a USD current account, a securities account, and a linked deposit account.
• BEA Corporate Card: Physical Mastercard® corporate card with a 1% cash rebate for eligible transactions. Provided upon request. 
• Deposit Card: A card that enables you to deposit cash or cheques through BEA ATMs. 
• MPF, Auto-pay, and Payroll Services: Pay salaries in HKD or RMB to multiple employee accounts in different local banks on a pre-set date and generate HR, MPF contribution, and tax reports.

Opening a Bank of East Asia CorporatePlus Account Online

BEA requires an initial deposit of HKD 10,000 to open a business account. An additional HKD 10,000 fee may apply depending on your industry or business structure. A monthly fee of HKD 150 is also charged but can be waived if you maintain a sufficient average balance.

Why Consider the Bank of East Asia?

ZA Bank was the first virtual bank to fully operate in Hong Kong in 2020. It is owned by ZhongAn Technologies International Group (ZA Global).

As a digital-only bank, ZA Bank offers a range of personal and banking services, including virtual bank accounts, loans, and foreign exchange, completely online without a physical branch. It currently serves over 700,000 customers on its platform, making it the largest virtual bank in Hong Kong by users.

H3: ZA Bank Business Account Key Features

• Business Account: A business current account that facilitates local and overseas transfers in HKD, CNY, and USD. 
• Time Deposit: Place time deposits in HKD, CNY, and USD anytime. 
• SME-Friendly Foreign Exchange: 24/7 foreign exchange service with real-time quotation.
• Small Business Loan: Businesses that have been operating for more than 1 year can apply for a loan of up to HKD 4,000,000, backed by the SME Financing Guarantee Scheme.

Opening a ZA Bank Business Account Online

ZA Bank charges an account opening fee of HKD 1,200 for remote applications. There is no initial deposit required, and the account maintenance is free.

Why Consider ZA Bank?

After reviewing the top providers, the next step is choosing the one that aligns with how your business operates—both now and as it grows. Here's how I recommend approaching the decision.

1. Check Eligibility First

Before comparing features, confirm whether you’re eligible.

Some banks in Hong Kong require at least one director with a HKID or an in-person meeting. Others—especially providers like Statrys—accept applications from overseas directors or fully foreign-owned companies.

If your company has non-resident shareholders or directors, shortlist only the providers that work with your structure.

2. Map Your Payment Needs

Are most of your payments local, or do you send and receive funds internationally?

• For local-only: Go for FPS support and low domestic fees.
• For cross-border: Look for multi-currency accounts, competitive FX rates, and access to local payout networks such as ACH (USD), Faster Payments (GBP), and SEPA (EUR).

For example, a provider that offers local payouts in USD and EUR will save you time and cost compared to relying solely on SWIFT. Support for major currencies like CNH, USD, and GBP is especially useful if you're trading across regions.

3. Don’t Focus Too Much on the Monthly Fee

It’s tempting to pick the account with the lowest monthly fee, but that doesn’t always mean lower overall costs. A free plan with high usage fees may end up costing more than a paid one with better rates. The right choice depends on your payment volume and the currencies you use.

When comparing options, consider:

• The cost of local and international transfers
• FX rate markups (e.g. if it’s charged 1%, the cost can add up fast)
• Minimum balance requirements and any fall-below fees

Even if you don’t have exact volumes yet, comparing fee structures now will help avoid unexpected charges later—especially if your business deals with multiple currencies.

4. Choose Something That Can Scale

As your business grows, your needs will evolve. Choose a provider that can support you beyond the basics. Look for features like:

• Multi-user access and card issuance
• Integration with tools like Xero, QuickBooks, and Shopify
• Higher transaction limits or support for additional currencies
• FX tools such as forward contracts to manage currency risk.

This reduces the need to switch accounts as your operations expand.

5. Consider Using More Than One Account

No single provider does everything perfectly. You might find it useful to open more than one business account—especially if:

• You want to separate domestic and international transactions.
• You need backup in case of delays or account issues.
• Different teams or subsidiaries require their own payment tools.

This approach gives you more flexibility, helps with cash flow management, and reduces the risk of operational bottlenecks.

Deciding which business account is best for your business will depend on your needs and the features you might be looking for.

To help with this, we've researched and published in-depth reviews of business accounts, including some mentioned in this article, to give you all the information you need to make an informed decision.

To read our reviews, you can visit business account reviews and find the best business account for your business today.