⚡ QUICK ANSWER: Which account is right for you?
Non-residents and overseas directors: Statrys offers a free, fully online application accepting passport documentation — no HKID required, no minimum balance.
HKID holders seeking zero fees: OCBC is the strongest fee-free option with same-day digital onboarding.
Established businesses needing full banking infrastructure: DBS or HSBC offer the broadest product range.
Last updated: 4 March 2026. Fees, eligibility requirements, and product features may change. Always confirm directly with the provider before applying. This guide does not constitute financial or legal advice.
After two decades working across Asia as an investor and founder, I've seen repeatedly how businesses lose time and money by picking the wrong business account at the start.
Between traditional banks, virtual banks, and fintech providers, every option comes with different fees, capabilities and eligibility. Pick the wrong one, and you're stuck with a monthly fee you didn't expect — or an application rejected because your director doesn't have an HKID.
I've reviewed the 8 best options, so you don't have to start from scratch.
In this guide, you'll find:
- An overview of the top business accounts in Hong Kong, with pros and cons for each provider
- Key eligibility requirements — including which accounts work for non-residents
- Documents you'll need, and a cost comparison across providers
Disclaimer: I'm the founder of Statrys, which is included in this guide. I've applied the same evaluation criteria to all the providers listed in this guide, but I'd encourage you to read the Statrys section with that in mind.
Quick Comparison: 8 Best Business Accounts in Hong Kong
| Provider | Who Can Apply | HK Resident Required? | Monthly Cost | Min. Balance |
|---|---|---|---|---|
| Statrys | HK/SG/BVI incorporated | No — passport accepted | Free (HKD 88 inactivity fee if <5 payments) | None |
| OCBC | HK-registered, simple structure | Yes — all directors need HKID | Free | None |
| ZA Bank | HK-registered, simple structure | Yes — all directors need HKID | HKD 138 (waived above HKD 50K) | HKD 50,000 |
| DBS | HK-incorporated preferred | Preferred — HKID or PRC ID | HKD 250 (waived above HKD 50K) | HKD 50,000 |
| livi | HK-registered, simple structure | Yes — HKID or Mainland ID | None stated | None |
| Hang Seng | HK-registered, related parties in HK/Mainland | Yes | HKD 200 (waived above HKD 50–100K) | HKD 50,000–100,000 |
| HSBC | Incorporated and operating in HK | Preferred | HKD 200–450 (waived above HKD 50K) | HKD 50,000 |
| Bank of East Asia | Most entities; branch visit required | Preferred | HKD 200 (waived above HKD 50K) | HKD 50,000 |
Eligibility note: Requirements above are based on each provider's publicly stated criteria as of March 2026. Eligibility for regulated banking products is subject to each institution's approval process and may change. Always verify directly with the provider.
1
Statrys Multi-Currency Business Account
Statrys was launched in 2020 as a fintech company and licensed as a Money Service Operator (MSO) in Hong Kong (Licence No. 19-02-02726), offering a Hong Kong multi-currency business account designed for companies operating across borders, supporting local payments in 12 currencies, international transfers to over 100 countries via SWIFT, and foreign exchange services.
Additionally, Statrys is also the only provider in Hong Kong to provide company registration and accounting services on the same platform. Today, we’re supporting over 10,000+ businesses with our integrated back-office ecosystem.
Who can apply?
Businesses registered in Hong Kong, Singapore, or the BVI can apply 100% online. The required documents are directors’ and shareholders’ passport copies, and the Business Registration Certificate.
Key Features & Fees
- Hold and manage funds in 11 currencies: HKD, RMB, USD, AUD, EUR, GBP, SGD, JPY, CHF, NZD, and CAD.
- Pay like a local in 12 currencies to avoid SWIFT international transaction fees.
- Send and receive cross-border payments to over 100 countries via SWIFT, with real-time tracking and free MT103 (a SWIFT payment confirmation document).
- FX fees starting from 0.1%, based on real-time mid-market rates, with spot trades available.
- Accounting features, with Xero accounting software sync, invoicing tool, and pay-per-use bookkeeping and accounting services — all on the same platform.
- Dedicated account manager via phone, Email, WhatsApp, or WeChat.
- No opening fee*, no monthly fee, no minimum balance. An HKD 88 inactivity fee applies if fewer than 5 outbound payments are made in a given month.
Tip: No opening fee applies for most companies. Additional charges may apply for complex corporate structures or entities not incorporated in HK, SG, or the BVI.
Is Statrys a Good Fit?
✅ Works Well For
- Overseas founders and non-residents — you can apply entirely online using passport documentation, with no HKID, no branch visit, and no local director required
- Businesses receiving payments in multiple currencies — hold EUR, USD, GBP, and 8 other currencies without converting until you're ready
- Founders who want payments and accounting in one place — the business account connects directly to bookkeeping without switching platforms
⚠️ Things to Consider
- Your company must be incorporated in Hong Kong, Singapore, or the BVI — other jurisdictions are not currently supported
- No physical branches — all support is remote via phone, email, WhatsApp, or WeChat
- Lending, business loans, and trade finance are not available — Statrys holds an MSO licence, not a banking licence
2
OCBC Bank (Hong Kong) SME Business Account
Formerly 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, offering strong connectivity to ASEAN and Greater China markets.
The bank received the Best SME Bank in Southeast Asia by Alpha Southeast Asia in 2025.
Who can apply?
Hong Kong-registered single-layer companies with HK permanent resident ID cards, including sole proprietorships, partnerships, or limited companies with up to two connected parties.
Key Features & Fees
- Consolidate current, savings, and time deposits under one account
- Convert and hold up to 15 major currencies for cross-border transactions
- Debit cards for local and global spending with in-store and online tracking
- FPS and mobile collections with same-day fund access
- Account ready in as fast as 1 working day with HKID
- No account opening or monthly fees. No minimum balance required
Is OCBC Bank a Good Fit?
✅ Works Well For
- Businesses looking for a fee-free traditional and multi-currency business account with no account opening charges.
- Companies that value fast, digital onboarding, which can be completed in as little as 1 business day.
- Businesses that plan to expand across ASEAN or Greater China and need a bank with a strong regional network.
⚠️ Things to Consider
- Might have to pay a fee to open an account.
- High monthly maintenance fees if the account balance falls below the threshold.
- Annual administration fee for overseas or special companies
- Foreigners without a permanent HK Identity Card or Chinese Resident Identity Card may be invited to join a video conference or face-to-face meetings for identity verifications.
3
ZA Bank Business Account
ZA Bank was the first virtual bank to fully operate in Hong Kong, launching in 2020. Owned by ZhongAn Technologies International Group (ZA Global), ZA Bank is currently the largest virtual bank in Hong Kong by number of users, serving over one million customers on its platform.
ZA Bank offers virtual bank accounts, loans, and FX services entirely online, with no physical branches.
Who can apply?
An online application is available where all business owners hold a valid Hong Kong Identity Card, with a simple corporate structure of up to three partners or four shareholders, and no corporate shareholders.
Key Features & Fees
- FX and transfer services in 11 currencies
- 11 savings currency options for cross-border trade
- Time deposits in HKD, CNY, and USD
- Local transfers via FPS (Faster Payment System) and CHATS (Clearing House Automated Transfer System — Hong Kong's high-value settlement network).
- Overseas remittance services
- Business loans up to HKD 4,000,000 for companies operating at least 1 year
- Account opening and company search fee waived for online applications
- Fee structure: HKD 1,500 paid upfront to cover 12 months of service fee. Then HKD 138 per month, waived if the total relationship balance reaches HKD 50,000.
(Source: ZA Bank business banking tariff, verified March 2026.)
Tip: Explore ZA Bank business banking in our detailed ZA Bank business account review.
Is ZA Bank a Good Fit?
✅ Works Well For
- A startup or SME that wants fast, fully online, low-touch banking
- Businesses that make both local payments and international payments
- Businesses that want access to a substantial business loan as a small business
⚠️ Things to Consider
- No physical branches
- Not for complex treasury or trade finance services
- The upfront 1,500 payment may not be ideal for startups that want to minimise initial setup costs
Helpful: Learn how to open a ZA Bank business account with our guide.
4
DBS Bank (Hong Kong) Business Account
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, including multi-currency savings accounts, RMB corporate accounts, and the Social Enterprise Package.
In 2026, DBS was named World’s Best Bank and Asia’s Best Bank by Euromoney. It was also recognised by Global Finance as World’s Best SME Banks 2026.
Who can apply?
Hong Kong-incorporated companies where all shareholders and directors hold a Hong Kong Permanent ID, or hold a PRC Resident Identity Card are eligible for fast account opening. For other detailed eligibility requirements, please contact DBS directly.
Key Features & Fees
- A Multi-Currency Business Savings Account supporting HKD, USD, RMB, and up to 11 other currencies in separate wallets under one account.
- Current Accounts are available in HKD, RMB, or USD.
- 24/7 foreign exchange (FX) services, including custom FX watchlists and real-time price alerts.
- Earn up to HKD 250 cash rebate per month on real-time FPS (Faster Payment System — Hong Kong's local real-time transfer network) transactions.
- Opening fee: from HKD 1,200 (local companies) or HKD 10,000 (overseas companies).
- Monthly fee: HKD 250, waived if account balance stays above HKD 50,000.
[Source: DBS Hong Kong business account page, verified March 2026]
Is DBS Bank a Good Fit?
✅ Works Well For
- Businesses seeking a comprehensive range of financial products and services.
- Companies that prefer a traditional bank with a strong regional presence in Asia.
- A well-established business with substantial financial resources.
❌ Things to Consider
- Annual administration fee for overseas or special companies
- Foreigners without a HKID may be invited to join a video conference or face-to-face meetings for identity verifications.
5
livi Business Account
livi Bank is a Hong Kong virtual bank launched in 2020 and backed by Bank of China (Hong Kong), JD Digits, and Jardine Matheson Group. livi operates as a fully digital banking platform through a mobile banking app.
livi's Business Account focuses on simplicity and fast onboarding. Businesses can open an account fully online, with approval in some cases possible within 24 hours and, for eligible applicants, without submitting documents.
Who can apply?
Hong Kong-registered companies where the ultimate beneficial owner, director, or controller holds a Hong Kong Identity Card (HKID) or Mainland Resident Identity Card can complete applications fully online. No restriction on operating history.
Key Features & Fees
- Multi-currency savings in HKD, CNY, and USD
- Instant HKD and CNY transfers via FPS (Faster Payment System), and USD transfers via RTGS (Real Time Gross Settlement — used for large-value HKD and USD transfers).
- Time deposit in HKD, CNY, and USD
- Business instalment loans up to HKD 18,000,000, with repayment periods of up to 10 years and no collateral required
- Switch between personal and business accounts within the same mobile app
- 100% digital onboarding with approval potentially within 24 hours
- Application fee: HKD 1,200 or HKD 3,000 for special company structures, charged regardless of whether the account is successfully opened.
(Source: livi Bank fees and charges, verified March 2026.)
Is livi a Good Fit?
✅ Works Well For
- A newly incorporated company whose owners hold HKID or Mainland Resident Identity Cards and want fast, fully digital onboarding.
- Businesses that want access to substantial business instalment loans without collateral
⚠️ Things to Consider
- Best suited for companies owned by HKID or Mainland ID holders
- Supports fewer currencies compared to some multi-currency fintech providers
6
Hang Seng Bank Business Account
Hang Seng Bank is a Hong Kong-based bank established in 1933 and part of the HSBC Group.
It offers two business account tiers: the Biz Virtual+ Account for startups and local SMEs, and the Integrated Business Solution Account (IBS) for well-established businesses.
Who can apply?
Hong Kong-registered companies whose related parties are based in Hong Kong or mainland China can open a Hang Seng business account fully online in as fast as 3 to 5 days.
Key Features & Fees
- Integrated Business Solutions Account covering current, savings, deposits, and investments under one account.
- Hang Seng Commercial Card, with options to apply for Mastercard®, UnionPay, or Visa.
- Foreign exchange services with preferential telegraphic transfer rates
- Complimentary payroll services.
- Opening fee: from HKD 1,000 (local) or HKD 10,000 (overseas).
- Monthly fee: HKD 200, waived if total Relationship Balance stays above HKD 50,000 (Biz Virtual+) or HKD 100,000 (IBS). The Biz Virtual+ monthly fee is waived for the first 12 months
[Source: Hang Seng Bank service fees, verified March 2026]
Tip: Hang Seng Bank fees are scheduled to increase from April 2026, but fees for Business Integrated Account Services will remain the same.
Is Hang Seng Bank a Good Fit?
✅ Works Well For
- A growing SME that needs more than a basic current account, including integrated investment services.
- Businesses that want a bank with an extensive ATM network across Hong Kong, making it a convenient option for cash access.
⚠️ Things to Consider
- The business account only supports HKD.
- The application process may require a visit to a physical branch.
- Might have to pay a high account opening fee.
7
HSBC Business Integrated Account
Founded in 1865, HSBC is one of the largest banks in Hong Kong and the world. Headquartered in London, HSBC serves customers worldwide and provides comprehensive business banking services, with a remote bank account opening option.
In 2025, HSBC was recognised with the Award of Excellence – Digital Business Banking (Hong Kong Economic Journal) and named Best International Bank for the Greater Bay Area (Euromoney).
Who can apply?
The company must be incorporated and have business operations in Hong Kong. Additional requirements may apply — contact HSBC directly for details.
Key Features & Fees
- All-in-one account covering current account, savings, time deposits, investments, and loans under one account number.
- Three tailored tiers for startups, growing SMEs, and established businesses.
- Free payroll payments
- WeChat notifications on account balance and transactions.
- Same-day Remittance to Mainland China (available on higher tiers)
- Opening fees: from HKD 1,300 (online) or HKD 1,600 (offline)
- Monthly fee: HKD 200 to HKD 450, waived with a minimum balance from HKD 50,000.
[Source: HSBC Hong Kong commercial fees, verified March 2026]
Tip: Check out our comprehensive HSBC business account review for full feature and fee details.
Is HSBC a Good Fit for You?
✅ Works Well For
- Companies that need a traditional bank with a strong international presence.
- Companies that need a full business banking product range covering business investment and lending
⚠️ Things to Consider
- Complex pricing structure.
- Remote account opening is subject to bank approval and may not be available to individuals without an HKID
Tip: See our step-by-step guide on how to open an HSBC business account online
8
Bank of East Asia CorporatePlus Account
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. The bank also has branches and representative offices in Singapore, Malaysia, the UK, and the US.
Its primary business account product is the CorporatePlus Account.
Who can apply?
Available to most business entities, but the online application is limited to Hong Kong sole proprietorships, partnerships, or limited companies with up to three individual directors or shareholders, no corporate parties. A branch visit is required for application signing.
Key Features & Fees
- An all-in-one account that lets you manage savings, current, time deposits, and investments under a single account number.
- Physical corporate card with 1% cash rebate on eligible spending
- Deposit card for cash deposits and cheque deposits
- Investment services, such as stocks, funds, and bonds
- Initial deposit of HKD 10,000 required
- Monthly fee: HKD 200, waived if Average Daily Relationship Balance stays above HKD 50,000.
- Account opening fee: HKD 800.
(Source: BEA Hong Kong CorporatePlus Account Fees, verified March 2026.)
Is the Bank of East Asia a Good Fit?
✅ Works Well For
- Businesses that focus on the local market and have a physical presence in Hong Kong.
- Businesses at an early stage of growth that want access to investment products alongside an account.
- Cashback and reward programs from company card expenses.
⚠️ Things to Consider
- The application requires a visit to a physical branch.
- An initial deposit and minimum balance apply.
Getting a Business Account in Hong Kong as a Non-Resident
Non-residents can open a business account in Hong Kong, but available options are more limited than for HK-based directors.
Most traditional banks require all directors and shareholders to hold a Hong Kong ID (HKID) to complete an online application. Without it, applicants are usually required to visit a branch in person, which creates a barrier for non-residents.
Statrys was built specifically to address this gap. Non-residents can apply entirely online using passport documentation, with no HKID, no branch visit, and no initial deposit or minimum balance.
NEXT STEP
Still not sure which account suits your company? Take this business account quiz, answer a few questions about your business and get a tailored recommendation in minutes.
How to Choose the Right Business Account
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, especially if your company has non-resident shareholders or directors.
Some banks and providers in Hong Kong require at least one director with an HKID or an in-person meeting. Other non-bank providers like Statrys, accept applications from overseas directors or fully foreign-owned companies, provided the company is incorporated in HK, SG, or the BVI.
2. Map Your Payment Needs
Are most of your payments local, or do you send and receive funds internationally?
- For local-only payments: Prioritise FPS support and low domestic fees.
- For cross-border payments: 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 RMB, USD, and GBP is especially useful if you're trading across regions.
3. Compare Total Costs Against Your Budget
Look beyond the headline opening and the monthly fee. A free account with high FX markups or usage fees may cost more than a paid plan with better rates. When comparing options, consider:
- The cost of local and international transfers
- FX rate markups — a 1% margin adds up quickly on high-volume transactions.
- Minimum balance requirements and any fall-below fees
Even rough volume estimates will help you avoid unexpected charges, especially if your business operates in multiple currencies.
4. Choose Something That Can Scale
As your business grows, your needs will evolve. Look for features that reduce the need to switch providers later:
- Multi-user access and role management.
- 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. Using more than one business account, can be useful if:
- You want to separate domestic and international transactions.
- You need a backup in case of delays or account issues.
- Different teams or subsidiaries require their own payment tools.
This approach gives you more flexibility, supports cash flow management, and reduces the risk of operational bottlenecks.
Find the Right Business Account for Your Company
Finding and getting a business account in Hong Kong often takes longer than founders expect. The process involves identifying a provider that accepts your specific business type and understanding the fees and features to see if they fit your business needs.
To help with this, we've researched and published in-depth reviews of business accounts 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.
You may also be interested in the next step: our guide on opening a business account in Hong Kong.
If you're a cross-border SME, an overseas founder, or a company incorporated in Hong Kong, Singapore, or the BVI, Statrys offers a fully online application trusted by over 10,000 businesses.
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FAQs
What are the best online and digital business accounts in Hong Kong?
The leading fully digital options are - Statrys (fintech)— Fully online, open to local and overseas companies, passports needed - ZA Bank (digital bank) — no branches, online only for HKID holders - livi(digital bank) — 100% digital onboarding for HKID holders, approval possible within 24 hours
