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| Key Features ✅Business account that supports 11 currencies. ✅Supports 14 currencies for local payments. ✅SWIFT payment with real-time payment tracking ✅Virtual and physical payment cards ✅ 100% online application |
Key Features ✅ Personal account ✅ Business account ✅ Time deposit in HKD, CNY and USD ✅ SWIFT payment ✅Business loans ✅ Remote account opening (T&C apply) |
| Best For SME businesses registered in Hong Kong, Singapore, and the BVI that seek efficient financial solutions and personalised customer support. |
Best For Hong Kong startups and SMEs that primarily operate within Hong Kong. |
| Trustpilot rating ⭐⭐⭐⭐⭐ 4.6/5 based on 257 reviews |
Trustpilot rating No Trustpilot reviews |
| Learn more about Statrys | Learn more about ZA Bank |
Statrys Overview
Founded in 2019, Statrys is a Hong Kong-based financial service provider designed to address the banking challenges faced by small 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.
- 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 in prohibited industries.
- Licence: Statrys Limited holds a Money Service Operator license (No. 19-02-02726) in Hong Kong, while Statrys UK Limited is registered as a Small Payment Institution (FRM: 911226) with the Financial Conduct Authority in the United Kingdom (FCA).
- Partner bank: DBS
ZA Bank Overview
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 users, ZA Bank has been recognised as the Virtual Bank of the Year – Consumer (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.
Business Account Features
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| Supported Currencies in Multi-Currency Business Account | 11 currencies, including USD, HKD, CNY, AUD, EUR, GBP, SGF, JPY, CHF, NZD and CAD. | HKD, CNY, and USD. |
| Supported Currencies for Local Payments | 14 currencies, including HKD, AUD, EUR, GBP, IDR, INR, KRW, PHP, SGD, THB, TRY, USD, and VND. | HKD, CNY, and USD. |
| International Payments via SWIFT |  (with real-time payment tracking) |
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| Accounting Software Integration | |
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| Loan Services | |
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| Primary Pro | • 100% online account opening. • Foreign exchange rate is based on the mid-market rate + as low as a 0.1% fee. • Personalised customer support |
• Deposits are protected by deposit insurance. • Offer a suite of banking services for startups and SMEs, including virtual savings accounts and business loans. |
| Primary Cons | • Do not provide APIs to streamline financial operations. • Do not provide credit lines. |
• Only Hong Kong businesses are eligible to open an account. • The remote account opening service is subject to terms and conditions.* |
*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.
💡 Helpful resource: Learn how SWIFT and local payments are different.
Business Account Fees
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| Account Opening Fee | Free* | HKD 1,200** + minimum of HKD 10,000 (for 3 or more layer companies) |
| Account Monthly Fee | HKD 88 (with a dedicated account manager) | Waived |
| Receive Local Payments | Free | • Free (non-merchant payments) • 0.6% of the amount (merchant payments) |
| Send Local Payments | • HKD 5 (local payment in Hong Kong) • HKD 25 - 50 (local payment in specific countries) |
• HKD 1 (below HKD 1 million), otherwise HKD 10 • CNY 1 (below CNY1 million) otherwise, CNY 10. |
| Receive SWIFT Payments | HKD 55 | HKD 50 |
| Send SWIFT Payments | HKD 75 | HKD 100 |
*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.
Card Features and Fees
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| Card Type | Physical and virtual Mastercard® debit cards | No business payment card provided |
| Card per Account | 1 physical card and up to 4 virtual cards per user. | |
| Payment Limit | HKD 600,000 combined spending for all cards/year | |
| ATM Withdrawal | |
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| Card Fees | HKD 0 for the first physical card and for all virtual cards. HKD 48 per month for each additional physical card. |
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| Primary Pro | • Can make business purchases while outside of the office. • Gain complete visibility and control over employee expenses. |
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| Primary Cons | • Not compatible with Apple Pay and Google Pay. • No reward program. |
💡 Helpful resource: Learn key differences between physical and virtual cards.
Customer Support
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| Personalised Customer Services | |
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| Communication Channels | Website, Live Chat, Email, Phone, WhatsApp, and WeChat | Website, Hotline, Email, Live Chat, and Query Form |
| Working Hours | 9 a.m. to 7 p.m. Hong Kong Time - Monday to Friday (except on public Hong Kong holidays) |
24/7 via online live chat and hotline |
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FAQs
What are the key differences between ZA Bank and Statrys?
ZA Bank is a licensed virtual bank that offers a wide range of banking services, including savings accounts and loans specifically designed for small and medium-sized enterprises. On the other hand, Statyrs is a licensed Money Service Operator that specializes in providing financial solutions primarily aimed at global payment processing with a competitive pricing structure. In addition, only Statrys offers business debit cards at the time of review.
Is It safe to use ZA Bank?
Can I open business accounts remotely with ZA Bank and Statrys?
What services does ZA Bank offer?
Disclaimer
Statrys competes directly with ZA Bank in the payment industry, but we are committed to providing an unbiased and thorough review. We're committed to providing an unbiased, thorough review to help you make an informed choice.
