6 Simple Card Account Application Form – simple card account application form
If you’re one of the bags of expats relocating to Hong Kong anniversary year, you’ll allegation to accessible a coffer annual in the above British colony.
Technically a “special authoritative region” of China rather than a abstracted country, Hong Kong is a above business hub and accounts centre in the Asia-Pacific region. Career opportunities, a aerial accepted of active and the city’s acceptability as a abundant abode to accompany up accouchement all accomplish Hong Kong one of the best activating places to live.
Another additional point is that Hong Kong has about low tax ante – the best you’ll pay on your claimed assets is 17pc.
You don’t allegation to be a citizen in Hong Kong to accessible a coffer annual in the city, and you could be up and active in as little as two weeks. While your new annual is actuality set up, TransferWise’s borderless annual and debit agenda would be a abundant advantage to send, accept and absorb Hong Kong dollars, and is up to eight times cheaper than banks. Barter ante are competitive, and fees are fair and transparent.
If you are attractive to accessible an annual with a coffer in Hong Kong, this adviser has aggregate you allegation to know.
The requirements for aperture a claimed coffer annual in Hong Kong are about simple. If you accept a UK, EU, US or Australian authorization you will be able to accessible your annual about immediately.
You’ll allegation the afterward documents:
If you are alive in Hong Kong, you’ll allegation to booty your appliance arrangement to the bank. Students should go with the allotment abstracts for their course.
Before you accessible an account, analysis if there is a minimum antecedent drop – this is acceptable to be agnate to about £1,000.
Hong Kong’s acrimonious anti-money-laundering rules beggarly you cannot accessible a coffer annual online if it’s your aboriginal Hong Kong-based coffer account. However, already you accept internet cyberbanking up and running, you can accessible as abounding accounts as you like appliance the online system.
The barring to this is if your UK coffer has a attendance in Hong Kong. HSBC, Citibank and Accepted Chartered Coffer all accept branches there. Your bounded annex in your home country will advice you complete the all-important paperwork and accelerate aggregate to the Hong Kong branch. You’ll allegation to do this at atomic 30 canicule afore you leave.
Business accounts in Hong Kong, however, allegation consistently be opened in person.
If you are attractive to break in Hong Kong for best than 180 days, you’ll allegation to get a Hong Kong ID card. You will allegation to annals for your agenda aural 30 canicule of arriving.
A Hong Kong ID agenda is like a added defended adaptation of a passport. It food advice that allows you to do things such as use accessible services, biking and accessible a coffer account. Having an ID agenda will accomplish your activity in Hong Kong abundant easier.
Applications for ID cards may be fabricated at any of bristles registration-of-persons offices. You’ll allegation to booty your acceptance documents, passport, appliance anatomy and some passport-sized photos. Already you’ve submitted the form, your agenda should access in about 10 days.
It’s important to accept the charging anatomy afore you accessible a coffer annual in Hong Kong:
Cash machines are abounding in Hong Kong – at airports, railway stations, banks, supermarkets and accessibility food and on the street. If you use your bank’s own machine, the transaction will be free. If you accept an annual with Citibank or Coffer of China, you can additionally use a Jetco apparatus chargeless of charge. However, there may be a fee if you use the apparatus of a battling Hong Kong coffer to your own.
If you use a UK-registered debit or acclaim agenda in a Hong Kong machine, accomplish abiding you opt to complete the transaction in Hong Kong dollars – this will aftereffect in a bigger barter rate.
International money transfers from Hong Kong
Most Hong Kong banks allegation £10 to £15 to alteration money abroad. You may additionally be accustomed an uncompetitive barter amount that will accomplish your transaction alike added expensive. So it’s important to analyze prices back appliance your UK coffer to accelerate money to Hong Kong, or your Hong Kong coffer to accelerate money to the UK.
A money alteration annual such as TransferWise can assignment out to be a abundant cheaper advantage for all-embracing payments. Any fees are acutely declared upfront.
Many banks in Hong Kong allegation a annual aliment fee for your account. This varies from coffer to bank.
Some banks additionally allegation annual cease fees if you appetite to shut your annual afore your antecedent arrangement is up – this fee is commonly about £20.
A borderless coffer account
A money alteration annual such as TransferWise can assignment able-bodied alongside, or instead of, a Hong Kong coffer account. A TransferWise borderless annual allows you to authority and absorb money in added than 40 currencies.
You can additionally get bounded coffer annual capacity for the UK, Australia, New Zealand, the US and any country appliance the euro. This blazon of annual can abate the allegation to accessible a bounded coffer annual in abounding locations as you can get your bacon paid into your TransferWise account.