Opening a local business account is one of the first steps to managing your company’s finances, receiving payments, and staying compliant. But with so many banking options in Hong Kong, how do you choose the right one? And are there alternatives beyond traditional banks for startups and SMEs?
In this guide, we have selected the 7 best business accounts in Hong Kong to help you find the provider that fits your needs.
Here you will find:
✅ An overview of the top business accounts in Hong Kong.
✅ Pros and cons of each provider (so you can see at a glance what suits your business and what doesn’t).
✅ Key eligibility requirements and documents you’ll need to open an account.
Let’s get started.
Disclaimer: The information in this guide is accurate as of 2 October 2025, but may change. Always confirm with the provider before applying.
Best Business Accounts in Hong Kong in 2025
When it comes to opening a business account in Hong Kong, you’ll find plenty of options. Some are traditional banks with decades of history, while others are fintech providers and virtual banks designed to meet the needs of modern SMEs.
Here are 7 of the top-rated choices:
- Statrys Business Account
- DBS Bank (Hong Kong) Business Account
- Hang Seng Bank Business Integrated Account
- HSBC Business Integrated Account
- OCBC Bank (Hong Kong) SME Business Account
- Bank of East Asia CorporatePlus Account
- ZA Bank Business Account
While traditional banks in Hong Kong offer a wide range of financial products, they often come with higher fees, complex requirements, and slower onboarding. On the other hand, fintech providers like Statrys or virtual banks such as ZA Bank focus on faster account opening, lower fees, and SME-friendly digital features.
Let's get to know each option, starting with Statrys.
1
Statrys Business Account
Statrys is a licensed payment service provider in Hong Kong. Launched in 2019, Statrys offers cross-border payment solutions for modern SMEs, including multi-currency business accounts and competitive exchange rates based on real-time mid-market rates.
With over 5,000 business accounts opened and more than USD 5 billion in payments processed, Statrys has become a trusted platform for businesses worldwide that need to manage multiple currencies, reduce international transfer costs, and access competitive FX rates with minimal markups.
Statrys Business Account Key Features
- Multi-Currency Account: Hold and manage funds in 11 currencies, including USD, HKD, RMB, AUD, EUR, GBP, SGD, JPY, CHF, NZD, and CAD.
- International Payments: Send money in 18 currencies to the US, EU, UK, and Mainland China via the SWIFT payment network with no transaction limits.
- Local Payments: Pay locally in 12 currencies, including AUD, EUR, GBP, IDR, INR, KRW, PHP, SGD, THB, TRY, USD, and VND to save on transfer fees.
- FX Services: Make spot trades based on real-time mid-market exchange rates with fees as low as 0.1%.
- SWIFT Payment Tracking: Track international payments in real-time with shareable links.
- Invoice management: Free tool to create, track, and send invoices automatically.
- Virtual Payment Cards: Spend online with virtual Mastercard® cards that deduct funds directly from your HKD business account.
- Xero Integration: Sync transactions automatically with Xero to simplify bookkeeping.
- MT103 Document Access: Download proof of payment (or MT103) online for free.
- Maker-approver: Set up transfers for later approval based on user role capabilities and have complete control of payment processes.
- Personalised service: A dedicated account manager for every business account who is available via phone, WhatsApp, WeChat, and more.
Tip: There are no monthly fees if you make 5 or more outgoing transfers per month. Otherwise, an inactivity fee of HKD 88 will apply
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. Just visit the signup page to get started.
How to Open a Statrys Business Account
Is Statrys a Good Fit for You?
Statrys Is Good If
✅ SMEs and startups looking for fast, flexible account setup.
✅ International businesses (import/export, ecommerce) needing reliable cross-border payments.
✅ Entrepreneurs without long local credit history who struggle with traditional banks.
✅ Companies managing multiple currencies (HKD, USD, EUR, GBP, etc.).
✅ You need competitive exchange rates with fees starting from 0.1%.
Things to Consider
❌ Companies must be registered in Hong Kong, Singapore, or the BVI to open a business account with Statrys.
❌ Fewer niche currencies are available compared to some providers.
2
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 under its SME Banking and Corporate Banking services, including multi-currency savings accounts, RMB corporate accounts, and the Social Enterprise Package.
In 2025, DBS was named World’s Best Bank and Asia’s Best Bank by Euromoney. It was also recognised by Global Finance as Best Cash Management Bank in Hong Kong.
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.
- 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.
- Foreign Exchange Services: Real-time FX trading with customised watchlists and price alerts.
- Xero Integration: Sync business transactions with your Xero account to minimise admin tasks.
Opening a DBS Bank (Hong Kong) Business Account Online
Opening a DBS business account requires an application via the DBS IDEAL app or online form, which can take as little as 15 minutes. Accounts can be opened in as fast as one working day, depending on eligibility.
You must fund the account within 30 days to activate it. A one-time account opening fee starts from HKD 1,200 for local companies, while overseas or special companies pay HKD 10,000. A monthly service fee of HKD 250 applies if the average balance falls below HKD 50,000.
How to Open a DBS Business Account
*DBS offers welcome rewards, including fee waivers and up to 50 free FPS payments per month (worth up to HKD 3,000 annually) if you apply online by 31 December 2025 and open your account by 28 February 2026.
Is DBS Bank a Good Fit for You?
DBS Is Good If
✅ You require a comprehensive range of financial products and services.
✅ You prefer a bank with a strong regional presence in Asia.
✅ You are a well-established business with substantial financial resources.
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
Hang Seng Bank Business Integrated Account
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.
- Commercial Cards: Mastercard®, UnionPay, and Visa with expense control and rewards.
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 it can be waived if you maintain a sufficient balance.
How to Open a Hang Seng Business Account Online
Tip: Learn how to open a Hang Seng business account in our detailed guide.
Is Hang Seng Bank a Good Fit for You?
Hang Seng Bank Is Good If
✅ You want integrated banking and investment services under one account.
✅ You want a bank with an extensive ATM network across Hong Kong, making it a convenient option if you need access to cash.
Things to Consider
❌ Limited international presence outside Hong Kong.
❌ High initial deposit requirement.
❌ Charges an account opening fee.
4
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 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.
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).
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.
Tip: Check out our comprehensive review of HSBC's business account in Hong Kong to learn more about its features and fees.
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.
How to Open a Hang Seng Business Account Online
Tip: Learn how to open an HSBC business account online in our step-by-step guide.
Is HSBC a Good Fit for You?
HSBC Is Good If
✅ You prefer the full business banking product range covering business lending and trade solutions.
✅ You prefer optional integration with HR management tools, making it a suitable choice for large companies.
✅ You need a bank with a strong international presence to support business expansion.
Things to Consider
❌ Complex pricing structure.
❌ Requires a high initial deposit and charges a fee to open an account.
❌ Remote account opening may not be available for businesses incorporated outside Hong Kong and for individuals without a HKID.
5
OCBC Bank (Hong Kong) SME Business Account
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 three consecutive years (2023–2025) and Best SME Bank in Southeast Asia by Alpha Southeast Asia in 2025.
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.
- FX Services: Benefit from competitive real-time foreign exchange rates.
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.
How to Open an OCBC Business Account Online
Is OCBC Bank a Good Fit for You?
OCBC Is Good If
✅ You want a fee-free business account with no opening fee, no monthly charges, and no minimum balance (for eligible SMEs).
✅ You prefer fast, digital onboarding that can be completed in as little as 1 business day.
✅ You plan to expand across ASEAN or Greater China and need a bank with a strong regional network.
Things to Consider
❌ Only Hong Kong-registered businesses can apply for the SME Business Account.
Helpful: OCBC also offers business accounts in Singapore. Read our review for more details.
6
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.
Bank of East Asia offers various SME, corporate, and commercial financial products, including business bank accounts, commercial mortgages, and the SME Financing Guarantee Scheme. It also has branches and representative offices in Singapore, Malaysia, the UK, and the US.
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.
How to Open a Bank of East Asia CorporatePlus Online
Is the Bank of East Asia a Good Fit for You?
Bank of East Asia Is Good If
✅ Your business focuses on the local market and has a physical presence in Hong Kong.
✅ You are a start-up at the earlier stage of growth.
✅ You want to benefit from cashback and reward programs from your company card expenses.
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
ZA Bank Business Account
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 800,000 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.
- Startup and Digital Industry Friendly: Accounts are available for companies less than one year old, including those in new sectors such as fintech or blockchain.
Tip: Explore ZA Bank business banking in our detailed ZA Bank business account review.
Opening a ZA Bank Business Account Online
Online account opening is free, with no initial deposit. A monthly fee of HKD 138 applies if the balance falls below HKD 50,000.
How to Open a ZA Bank Business Account Online
Helpful: Learn how to open a ZA Bank business account with our guide.
Is ZA Bank a Good Fit for You?
ZA Bank Is Good If
✅ You prioritise a digital-first banking approach.
✅ You want competitive rates, including interest rates and transfer fees, compared to traditional banks.
✅ You want easy eligibility if your business is new or in emerging industries.
Things to Consider
❌ Limited to three currencies (HKD, CNY, USD).
❌ Charges an account opening fee.
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.
Some banks in Hong Kong require at least one director with an 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.
Final Note
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.
FAQs
What should I consider when choosing a business bank account in Hong Kong?
When choosing a business account, you need to consider the account's features, such as multi-currency support, transaction fees, ease of international payments, integration with accounting software, quality of digital banking tools, and eligibility requirements, such as ID or residency status.
