HSBC Hong Kong
traditional bank
HSBC Hong Kong is the dominant retail and private banking institution in Hong Kong, operating under HSBC Bank (China) Company's regional arm and regulated by the Hong Kong Monetary Authority (HKMA). It offers tiered personal accounts — Everyday Banking, Advance (min. HKD 50,000 in combined assets), and Premier (min. HKD 1,000,000) — alongside business, commercial, and private banking. Multi-currency accounts support HKD, USD, EUR, GBP, CNY, and six further currencies. Non-residents with legitimate Hong Kong connections (employment, property ownership, or significant business ties) can open accounts in-branch; remote or purely overseas applicants face significant compliance hurdles and are routinely declined. US persons are categorically excluded under HSBC Group's global FATCA policy. HSBC HK provides FPS (Faster Payment System) instant HKD and CNY transfers, as well as integrated wealth management, MPF (Mandatory Provident Fund) administration, and Mainland China cross-border banking via its HSBC China subsidiary.
Details
- Headquarters
- Hong Kong
- Currencies
- 11
- Monthly Fee
- $13
- Non-Residents
- Accepted
- US Persons
- Not accepted
- Debit Card
- Available
- Business Account
- Available
Opening Requirements
- •Valid passport or HKID card
- •Proof of Hong Kong address (utility bill, bank statement, or lease dated within 3 months)
- •Proof of income or employment (salary slips, employment letter, or business registration)
- •Source of funds declaration for initial deposit
- •Completed FATCA/CRS self-certification form
- •Minimum initial deposit (varies by account tier; HKD 50,000 for Advance; HKD 1,000,000 for Premier)
Restricted Nationalities
Not available to nationals of: united-states, north-korea, iran, cuba, syria, russia
Nationality Acceptance Matrix
Who this provider will and will not onboard. Refusals are listed first. Sourced from the provider's own published terms and recent public onboarding reports — confirm with the provider before applying.
| Nationality | Accepted | Notes |
|---|---|---|
| us | NO | US persons categorically excluded across HSBC Group globally, including HK; FATCA compliance burden too high. |
| iran | NO | Blocked — UN/US/EU sanctions; HSBC Group applies globally. |
| north korea | NO | Blocked — UN/OFAC DPRK sanctions. |
| cuba | NO | Blocked — OFAC Cuba sanctions applied globally by HSBC Group. |
| syria | NO | Blocked — OFAC/UN Syria sanctions. |
| russia | NO | Russian nationals face enhanced restrictions and are routinely declined post-2022 due to OFAC/EU/UK sanctions exposure. |
| uk | YES | UK nationals accepted; proof of HK connection (employment, property, or business) required for non-residents. |
| china | YES | Mainland Chinese nationals accepted; CNY accounts and cross-border transfers to HSBC China supported. |
| hong kong | YES | Core domestic market; HKID holders face lightest documentation requirements. |
| australia | YES | Australian nationals accepted with proof of HK connection; commonly used by expat professionals. |
| myanmar | YES | Myanmar nationals accepted with enhanced due diligence; specific designated individuals screened against OFAC SDN list. |
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Sources & last verified
- Last verified 2026-06-15