A business account designed for your needs

A business account, often referred to as a "corporate bank account," is a type of bank account intended for managing the financial transactions of businesses. This account is not just for large corporations but is also widely used by small and medium-sized enterprises (SMEs), as well as small business owners and entrepreneurs.

In essence, a business account is a comprehensive financial tool for managing day-to-day business operations and facilitating growth.

There are many benefits to having a business account for your business. Here are some of those reasons:

• A business account helps keep business finances separate from personal finances, simplifying accounting and tax preparation.
• Using a business account to send and receive payments in your company’s name is more professional and trustworthy. Clients may not be comfortable making a large fund transfer to a personal account instead of a business account.
• Establishing a credit history through a business account is essential for maintaining eligibility and enhancing the chances of obtaining business loans and credit cards in the future, which is crucial for startups and small businesses.
• It helps with tracking and managing business expenses, which is important when it comes to budgeting and financial planning.
• Business accounts can provide online banking services that a business needs, such as higher transaction limits, foreign currency, merchant services, access to business loans, and financial services.

Companies registered in Hong Kong, Singapore, and the BVI can apply for an online business account with Statrys.

The application process is simple and straightforward, and all you need to do is submit the following documents:

• A copy of the passport(s) of the director(s) and/or shareholder(s)
• A copy of your Business Registration Certificate

Once you have submitted your application, our dedicated onboarding team will review your information and reach out to you within 24-48 hours to discuss the next steps. We are committed to providing efficient and reliable onboarding support to all our clients.

With Statrys, you can make payments within the Eurozone, as well as international telegraphic transfers (TT) via the SWIFT network to any bank account outside of Europe.

Lastly, you can also make local payouts to supported countries in their domestic currencies.

All incoming payments are credited to your Business Account as soon as our custodian bank receives them. Payments are received during business hours: 8 am to 5 pm Hong Kong time, Monday to Friday (except bank holidays)

• The day on which your Business Account is credited actually depends on the nature of the payment made by the remitter:

Account opening is free for most users. However, companies that have complex structures may be required to pay an account opening fee. For all other users, opening an account with Statrys is completely free.

The transaction fees at Statrys are usually determined by the currency involved, the amount, and the nature of the transaction, i.e., whether it's a local payment or an international payment. Please visit our FAQ page here.