HSBC Hong Kong VS Statrys: Accounts & Pricing [2025 Comparison]

Statrys is a Hong Kong-based fintech company that provides digital payment solutions for entrepreneurs and small to medium-sized enterprises (SMEs). Founded in 2019, Statrys offers multi-currency business accounts that support both SWIFT and local payments, allowing businesses to manage international transactions efficiently. Statrys also provides physical and virtual prepaid Mastercard® cards for payments, along with a mobile app for easy financial management.

The company has offices in Hong Kong, Singapore, the UK, and Thailand and was recognised with the 2024 Hong Kong Business (HKB) Technology Excellence Award in Fintech.

• Eligible countries: Hong Kong, Singapore, and the BVI.
• Eligible company type: All types of businesses. However, your business must not operate in prohibited industries. 
• Licence: Statrys is licensed as a Money Service Operator license (No. 19-02-02726) in Hong Kong and as a Small Payment Institution (FRM: 911226) with the Financial Conduct Authority in the United Kingdom (FCA).
• Custodian Bank: DBS Hong Kong.

Established in 1865, The Hong Kong and Shanghai Banking Corporation (HSBC) aimed to support Hong Kong’s commercial growth and finance trade between Asia and Europe. 

HSBC Hong Kong is now part of a global banking and financial services organisation recognised as the world's largest bank. Operating across 62 countries and territories, they serve approximately 39 million customers.

HSBC has received numerous awards for its success in big sectors, including recognition as the World's Best Bank for Public Sector and the Asset Services Provider Award.

• Eligible countries: Hong Kong. Overseas companies may also be eligible, but we cannot find a specified list. Please contact HSBC Hong Kong for details.
• Eligible company type: Limited company, partnership, and sole proprietorship.
• Licence: HSBC Hong Kong operates as a licensed bank in Hong Kong and is registered with the Hong Kong Monetary Authority.

*While there's no specific detail on local payouts for business accounts, it is stated in the HSBC Personal product that HSBC's network supports a “Global Money Transfer” capability where you can send funds like a local in the mentioned currencies.

**The business must be a limited company, partnership, or sole proprietorship incorporated or registered in Hong Kong. It should not have any corporate directors or shareholders and should have no more than two individual directors, shareholders, or authorised signatories. Additionally, directors and shareholders should have Hong Kong Identity Cards (HKID).

Statrys offers a fully online setup that supports 11 major currencies and integrates seamlessly with platforms like Xero, Shopify, PayPal, and Stripe. This makes it a great option for businesses that prioritise simplicity and convenience, particularly remote entrepreneurs.

In contrast, HSBC supports over 70 currencies for international transactions and provides a broader range of traditional banking services, including trade finance and credit options. HSBC is a better option for companies with more complex global banking needs.

*Excluding companies not registered in eligible countries, those with complex shareholding structures, and those with high-risk business profiles.

Statrys provides a more affordable and transparent fee structure, with no account opening or monthly fees if you make five transfers per month. Their foreign exchange (FX) fees start at just 0.4%. 

In contrast, HSBC has higher and more complex fees, including account opening fees and monthly charges based on minimum balance requirements.

Statrys and HSBC Hong Kong provide different card features for businesses. Statrys offers both physical and virtual prepaid cards, which make it easy to track team spending. However, these cards must be topped up and do not support digital wallets, limiting convenience.

In contrast, HSBC’s debit cards feature multi-currency support, no foreign transaction fees, and compatibility with digital wallets like Apple Pay, making them more suitable for businesses with international needs. Nevertheless, HSBC doesn’t allow businesses to issue multiple debit cards for team members, which restricts flexibility.

Statrys offers support through live chat, email, phone, WhatsApp, and WeChat, available from 10 am to 7 pm (GMT+8) on weekdays. In contrast, HSBC provides a more traditional range of support channels, including physical branches, online chat, email, a hotline, and a chatbot, with some services accessible 24/7.