Top 5 DBS Hong Kong Alternatives in 2025 & Who They’re For

Running a business is challenging, and the right financial partner can make all the difference. While DBS offers multi-currency business accounts, FX services, trade financing services, and more, it’s always a good idea to explore your options. Different providers have different features, and some may fit your needs better than others.

Whether you’re searching for solutions with personalised customer support, streamlined global operations or tailored financial tools, we’ve got you covered.

This article will guide you through the top 5 alternatives to DBS Hong Kong, covering account features, fees, and who they are best suited for to ensure you pick the right one for your business.

Statrys is a Money Service Operator in Hong Kong that offers a range of payment solutions to businesses registered in Hong Kong, Singapore, and the British Virgin Islands (BVI). These include virtual business accounts, low-cost telegraphic transfers, business expense cards, and more.

Helping over 3,500 businesses worldwide, Statrys delivers reliable and affordable international payment services tailored to modern business needs.

 Key Services Offered by Statrys

• Multi-Currency Business Account: Hold, receive, and make local and international payments in 11 currencies: HKD, AUD, CAD, CHF, RMB, EUR, GBP, JPY, NZD, SGD, and USD under a single account number with no minimum balance.
• International Payments (SWIFT): Send international transfers in 19 currencies, including THB, VND, INR, IDR, PHP, TRY, and KRW. You can also track your payments in real-time.
• Local Payout: Save more from SWIFT transfers with local payments in 12 currencies: USD, AUD, GBP, EUR, THB, INR, VND, TRY, IDR, PHP, SGD, and KRW.
• Virtual and Physical Expense Mastercard®: Get a physical and up to 4 virtual prepaid Mastercard® cards per user for your business spending and ATM withdrawal. View, track, cancel, and freeze transactions from your dashboard anytime.
• FX Services: Makes spot trades and orders forward exchange contracts at real-time mid-market exchange rates.
• Xero Integration: Streamline your bookkeeping process with Xero accounting software integration that allows you to label each transaction accurately.
• Invoicing Software: Create, manage, and send invoices efficiently with complimentary invoicing software.
• Make-approver: Set up payments for later approval without requiring immediate availability of funds in the account.
• A Dedicated Account Manager: Get personalised support for your queries and account management through channels like WhatsApp, WeChat, and phone.

Key Services Offered by Statrys

*Account opening fee may apply for companies not registered in Hong Kong or Singapore, companies with complex shareholding structures, and companies with high-risk business profiles.

*Outgoing payments in excess of HKD 500,000 (or equivalent): HKD 75

*Local payments are payments in the currency of the country where they are made (e.g., pay in USD in the US, pay GBP in the UK). 

We Recommend Statrys For

✅ Companies incorporated in Hong Kong, Singapore, or the BVI or looking to expand to this region.

✅ SMEs and entrepreneurs who prefer personalised and responsive customer support from a dedicated account manager.

✅ Businesses seeking a cost-effective and efficient way to send and receive payments in multiple currencies.

The Hong Kong and Shanghai Banking Corporation (HSBC) is one of the leading financial institutions. Established in Hong Kong in 1865, it is now a subsidiary of HSBC Holdings plc, a British banking group headquartered in London. 

HSBC Hong Kong offers a wide array of business banking services, including Business Integrated Accounts, Business Instalment and Profits Tax loans, and HSBC Business Mastercard® credit cards.

Key Services Offered by HSBC Hong Kong

• Business Integrated Account: Manage your deposits in 12 currencies, including HKD, USD, GBP, EUR, JPY, and SGD, and access the functions of savings, current, time deposit, and investment accounts under one account number.
• Payroll Service: Set up and automate payroll payments from your business account with no annual or registration fees.
• WeChat Banking and Notification Service: Receive real-time WeChat notifications on account balance and transactions.
• Real-Time Remittance: Send same-day remittances to Greater China (Service available for HSBC Business Direct and BusinessVantage clients).
• Xero Integration: Seamlessly manage your accounting process with Xero accounting software integration.
• HSBC Business Mastercard®: Earn RewardCash for every card spending and benefit from discount offers as well as an interest-free repayment period of up to 56 days.*

HSBC Hong Kong Fees

We Recommend HSBC Hong Kong For

✅ Hong Kong-based start-ups, SMEs, and corporates with the need for multi-currency access.

✅ Companies requiring comprehensive trade services, including import and export financing and guarantees.

✅ Companies engaged in trade or transactions with Greater China.

Founded in 1933, Hang Seng Bank is a part of the HSBC Group. Headquartered in Hong Kong, the bank has a wholly-owned subsidiary in mainland China, branches in Macau and Singapore, and a representative office in Taipei.

Hang Seng Bank currently provides services to close to 4 million customers and has over 260 service outlets in Hong Kong. Its business banking products include Integrated Business Solutions Account, Biz Virtual+ Account, Visa Platinum Commercial Card, and Bill Payment Collection Service.

Key Services Offered by Hang Seng Bank

• Integrated Business Solutions Account: An all-in-one business account that combines the features of HKD current, savings (in HKD, RMB, and foreign currencies), time deposit, investment, and Statement Gold accounts under one account number for convenient access.
• Biz Virtual+ Account: Biz Virtual+ Account is an integrated account designed to provide local startups and SMEs with digital convenience and a simplified application process.
• Multi-Channel Account Access: Access your business account and banking services through Hang Seng Business e-Banking, mobile banking, and phone banking services.
• Hang Seng Commercial Card: Choose from HKD Commercial World Mastercard®, UnionPay Renminbi Diamond Commercial Card, or HKD Visa Platinum Commercial Card to facilitate business spending and operations.
• Investment and Treasury Services: Integrate your business account with an investment sub-account to protect your funds from currency exchange and interest rate fluctuation risks.*

Hang Seng Bank Fees

We Recommend Hang Seng Bank For

✅ Local startups looking for a digital-friendly banking option.

✅ Businesses seeking credit card services on top of integrated business accounts.

✅ Businesses managing cross-border payments and foreign exchange risks.

Founded in Melbourne in 2015, Airwallex is one of the fast-growing fintech companies, specialising in cross-border money transfer solutions for businesses. It has since expanded to 19 offices around the world, including Hong Kong, Singapore, and Malaysia.

Airwallex’s services are exclusively for business customers, with an extensive payment network allowing users to send money to over 150 countries in more than 60 currencies. 

Key Services Offered by Airwallex

• Global Accounts: Open local currency accounts with unique account numbers and local account details in 13 locations, including Hong Kong, Singapore, Europe (SEPA), the UK, and the US.
• Airwallex Borderless Cards: Make business purchases in multiple currencies with multi-currency prepaid Visa cards for your company and employees.
• Core API: Programmatically manage your finances with APIs for accepting payments, making global payouts, and more.
• Accounting Software Integration: Connect to software such as Xero, NetSuite, and QuickBooks to simplify your accounting process.
• Batch Transfers: Send money to up to 1,000 recipients across countries, currencies, and transfer methods.*

Airwallex Fees

We Recommend Airwallex For

✅Companies seeking to automate payments and financial management through APIs and software integration.

✅Global businesses with suppliers and customers in multiple locations.

✅Businesses looking for an affordable way to send money internationally.

Standard Chartered Hong Kong is a wholly owned subsidiary of Standard Chartered, a London-based multinational banking group. It is one of the authorised note-issuing banks in Hong Kong, along with HSBC and the Bank of China (Hong Kong).
As a well-established bank, Standard Chartered Hong Kong offers a range of corporate banking products and services, including business current accounts, credit cards, loans, and mortgages.

Key Services Offered by Standard Chartered Hong Kong

• Corporate Accounts: Manage your company’s finances with the bank account plan that fits your needs, and enjoy the benefits of Standard Chartered’s extensive banking network.
• GBA One: Open business accounts simultaneously in the Greater Bay Area (GBA) for growth and investment opportunities.
• FX Service: Exchange all major currencies and access Hong Kong's offshore forex market to directly convert RMB with Standard Chartered.
• Financing Solutions: Offer various trade facilities, including Letter of Credit, Bank Guarantee, Invoice Finance, and more.
• Payroll & Employee Services: Manage payroll, tax, MPF contributions, and HR management reports with additional cash management services. 
• Straight2Bank: Access your account and banking services anywhere through a fully integrated online banking platform.*

Standard Chartered Hong Kong Fees

We Recommend Standard Chartered Hong Kong For

✅Companies with a physical presence in Hong Kong, as you may required to visit a bank representative to open a business account with Standard Chartered Hong Kong.

✅ Enterprises with the need for a bank account with an established banking institution.

✅ Corporates that need access to Hong Kong’s offshore market for RMB conversions.

Whether you are still choosing the business account for your company or looking for an additional account to streamline your business operations, we hope this article helps you narrow down the alternatives for DBS business accounts.

Before making a decision, carefully evaluate your business needs and weigh the pros and cons of each option to ensure optimal efficiency in your business operations.