Xiaoz Blog

Previous article《 Hong Kong Virtual Bank Account Opening Guide: ZA BANK Livi Lihui Bank, Tianxing Bank, Ant Bank 》The blogger shared the strategy of opening a virtual bank account in Hong Kong. In this article, I will continue to share my experience in opening a physical bank account in Hong Kong, which can be used as a reference if necessary.

Due to schedule reasons and time constraints, the blogger only opened three physical banks in Hong Kong, "Nanyang Commercial Bank/China Merchants Yonglong Bank/Bank of China (Hong Kong)" and the four virtual banks mentioned above. The following is my real account opening experience.

preparation

• ID
• Hong Kong and Macao pass , Reference《 My real experience of handling Hong Kong and Macao passes in Chengdu 》
• Customs clearance receipt
• Proof of address
• Make an appointment in advance (one week in advance)
• HKD cash (optional)
• Entry and exit records
• Domestic mobile phone number
• Common mailboxes
• Physical body in Hong Kong
• The domestic mobile phone number has opened the international roaming service, and can send and receive short messages overseas
• For other preparations for going to Hong Kong, please refer to:《 In September, I shared my personal experience during my trip from Chengdu to Hong Kong 》

Proof of address

Nanshang Bank, Wing Lung Bank and BOCHK need to provide proof of address. The following information can be used as proof of address.

ID If your ID card address is the same as your current residential address, you can directly use the address on your ID card, which is the simplest. If your current residence address is inconsistent with your ID card address, please continue to read.

Residence permit: The blogger is using the residence permit. It needs to ensure that the residence permit is within the validity period. It is better to issue the residence permit within the last three months. It is not sure whether it is feasible to issue the residence permit within three months.

Bank statement address: According to netizens, domestic banks can provide paper bills of credit cards and mail them to you as proof of address (the blogger didn't try)

property ownership certificate: In theory, the property certificate should be feasible. I carried the property certificate as a backup, but I didn't use it because the residence certificate used throughout the process passed smoothly.

To sum up, it is recommended to carry at least two different types of address certificates for backup.

Reason for opening an account

The bloggers of "Nanshang Bank/Wing Lung Bank/BOC Hong Kong" all open accounts for the reason of "investment and wealth management". Some outlets or account opening managers may require you to show proof of investment and wealth management, which can be proved by showing the Alipay fund holding page or the fund holding interface of other APPs. However, the blogger was relatively smooth, only asked the reason, but did not ask for proof documents.

China Merchants Yonglong Bank account opening process

make an appointment

Google Play or Apple Store Search“ China Merchants Yonglong Bank Yidiantong ”Install, open the APP, and click "I want to open an account - open an account in a brand new customer outlet" in the upper right corner

Invitation code/channel code: CM632N82K4

Fill in your personal information according to the actual situation, the account type I choose is "Jinkuihua Financial Services" (it is said that "general banking services" require deposit of 1W HKD), I also checked "Apply for securities financing services", and finally don't forget to reserve outlets and time.

If successful, this account is usually in batches every second, and you will receive a message saying "Account successfully opened", but it cannot be used normally at this time. The last step is still needed. Take the "ID card/Hong Kong and Macao pass/address certificate" and other materials to the outlet on the appointment date to verify the identity.

Note: When making an appointment, you will be required to set a login account and password, which must be kept in mind. You need to use it for subsequent login to the APP.

Offline label

I booked the branch of "West Kowloon Station" at 11:30 , I 09:30 The manager helped me register and asked me to 11:30 Come again. According to netizens, if you go late, even if you make an appointment, it may not work. So to be on the safe side, I checked in after 9 o'clock.

When opening an account, the manager asked the reason for opening the account, and I told him that "investment and financing" was needed, but I was not asked to show any proof of investment and financing.

After asking for the mailing address, I provided my residence permit as proof of address. The interview was completed in less than 10 minutes, which is very efficient. After the interview, the account can be logged in and used normally.

Apply for ATM card

After the account is applied, there is no withdrawal card. You need to use the "China Merchants Yonglong Bank One Point Pass APP - My - Bank Card - Apply for a withdrawal card". The withdrawal card is delivered by SF, and it costs 60 yuan to send it to Chengdu.

• Sign below 2023-09-18 line
• 2023-09-18 Apply for a withdrawal card
• Sent from Hong Kong on October 5, 2023
• 2023-10-07 Successful hand in hand

Nanyang Commercial Bank account opening process

make an appointment

Google Play or Apple Store Search“ Nanshang e+ ”Install, open the APP, click "Mobile account opening", fill in your real information as required, and finally make an appointment for the outlet and time. A short message will be sent after the appointment is successful to notify the branch of "West Kowloon High Speed Railway Station" I reserved.

Network Signature

After arriving at the outlet, they provided information such as "ID card/Hong Kong and Macao pass/address certificate", and then the bank gave a password letter (saved, and needed to be used for subsequent login). Unlike Yonglong, Nanshang Bank is not the same as Yonglong, and it takes about 5 working days to enter the audit status after signing face to face.

Supplementary information

On the third day after the interview, I sent a short message to inform me that the application materials need to be "revised or supplemented". Open Nanshang e+ APP， Contact the customer service and tell me that the information needs to be supplemented. The customer service asks me about the details of my job position. After the information is provided to the customer service, the information will be updated and continue to enter the audit status.

Timeline

• 09.18 Network Signature
• 09.20 Additional information required
• 09.22 Data supplement completed
• 09.25 Account opening succeeded

Bank of China (Hong Kong) account opening process

It is free of charge to transfer HKD from BOC mainland account to BOCHK, so BOCHK is worth opening.

make an appointment

• BOCHK Online Reservation Address: https://www.bochk.com/tc/contact/online/hkpaccountopen.html

The blogger made an appointment four days in advance, but most of the outlets didn't have a number. Finally, he chose a very remote outlet (Bo Fulin), and I made an appointment for the last number, which almost didn't make an appointment.

Some netizens also said that BOCHK doesn't need to make an appointment. It's OK to go to the queue earlier, but I think it's safer to make an appointment. If you can make an appointment, you'd better make an appointment first.

Offline account opening

When you go to the outlet to open an account on the designated date, the bank manager will let you download another APP and guide you to fill in the account opening information. The whole process took more than an hour, which is very slow, but the attitude of BOC is very friendly. If the information is correct, BOCHK will open the account on the spot.

Apply for ATM card

My outlet has a pre made card. After opening an account, I was given a "pre made card". Your name is not on the card. Other cards are the same.

If there is no prefabricated card at the outlet, it seems that it will be sent to you automatically after a period of time. According to netizens' feedback, the default ordinary mail can be changed to DHL and other logistics by contacting the customer service (additional payment is required)

Other bank accounts

The following banks are also said to be relatively easy to open accounts. Due to the lack of time for bloggers, the following banks have not yet opened accounts. If you have enough time, you can try.

• HSBC needs to make an online appointment, and then will call you to confirm
• CITIC Bank (International), opened an account with APP in Hong Kong
• Hang Seng Bank of Hong Kong: unknown

epilogue

As long as the above banks make an appointment in advance, it is relatively easy to open an account. It is recommended to make an appointment a week before going to Hong Kong to avoid failing to make an appointment. Among them, China Merchants Yonglong Bank has the highest account opening efficiency, BOC Hong Kong has the slowest account opening, and Nanyang Commercial Bank has the longest audit time.

After going to Hong Kong, in addition to opening physical banks, it is suggested that the above four virtual banks "ZA BANK Livi Lihui Bank, Tianxing Bank and Ant Bank were opened together.

If you have other experience to share, please leave a message to add.

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