ZA Bank vs Statrys: Accounts & Pricing [2025 Comparison]

Founded in 2019, Statrys is a Hong Kong-based Money Service Operator that offers various payment solutions for modern businesses. One of the key offerings from Statrys is the multi-currency business accounts, which support 11 major currencies. This service simplifies cross-border transactions for businesses, making expansion efforts more manageable.

In 2024, Statrys was awarded with the  Hong Kong Business (HKB) Technology Excellence Award in Fintech. This award serves as recognition of Statrys’ commitment to its customer-centric approach and innovation. 

• Eligible countries: Hong Kong, Singapore, and the British Virgin Islands (BVI).
• Eligible company type: All types of businesses are eligible, as long as your business doesn’t engage with the 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.

ZA Bank, the first virtual bank in Hong Kong, offers a comprehensive range of banking services that cater to both individuals and businesses. With over 700,000 retail users, ZA Bank has been recognised as SME Digital Innovation of the Year – Hong Kong by The Asset Triple A Digital Awards 2023.

• Eligible countries: Hong Kong.
• Eligible company type: Sole Proprietorship, Partnership, or Limited Company.
• Licence: A virtual banking licence in Hong Kong.

*To open an account remotely, a sole proprietor, all partners, or all shareholders and directors of your company must hold the HKID card. Otherwise, the ZA Bank will require a physical visit to complete the application.

Statrys and ZA Bank cater to distinct business needs. Statrys offers business accounts that support 11 currencies and forward contracts, which allow businesses to lock in exchange rates for future transactions. The local transfer features also help businesses save more time and costs on international transactions. These features are valuable for companies handling multiple currencies or operating across borders.

On the other hand, ZA Bank serves Hong Kong-based companies with features like low-cost local instant transfers (via FPS network), batch payroll, and business loans. While it supports fewer currencies than Statrys, it’s well-suited for businesses primarily operating within Hong Kong.

*Statrys may charge an account opening fee for companies not registered in Hong Kong or Singapore or companies with complex structures.

**If a physical visit is required to complete the account application, ZA Bank will charge a fee of HKD 10,000 for account opening.

Statrys offers a cost-effective setup for businesses with international needs, charging no monthly fee if five or more outgoing transfers are made each month and providing free account opening for Hong Kong and Singapore-registered businesses (though complex or foreign structures may incur fees). Statrys also charges a lower SWIFT transfer fee and offers a competitive exchange rate, making it an ideal choice for businesses that frequently engage in international transactions.

While ZA Bank charges an opening fee, it waives a monthly fee entirely. In addition, ZA Bank charges a lower fee for sending local transactions, making it a great choice for businesses with a high volume of domestic transactions.