Standard Chartered Hong Kong
traditional bank
Standard Chartered Hong Kong is a licensed bank incorporated in Hong Kong and regulated by the Hong Kong Monetary Authority (HKMA), operating as a subsidiary of the London-headquartered Standard Chartered plc group. It is one of three note-issuing banks in Hong Kong and has maintained a presence in the territory since 1859. The bank offers retail, priority, and private banking tiers, with products spanning HKD and foreign-currency savings and current accounts, fixed deposits, mortgages, wealth management, and investment services. Non-residents with legitimate banking needs — such as business owners, property investors, and professionals with Hong Kong ties — can open accounts, though in-branch attendance in Hong Kong is typically required and robust documentation of the economic rationale is expected. US persons are generally declined under the bank's FATCA risk policy. Multi-currency account facilities cover major currencies including USD, EUR, GBP, CNY, AUD, JPY, CAD, SGD, CHF, NZD, THB, and HKD. Priority Banking requires a higher minimum relationship balance and unlocks preferential FX rates, dedicated relationship managers, and access to the SC Mobile app's full investment suite. The bank participates in the Hong Kong Deposit Protection Scheme, covering deposits up to HKD 500,000 per depositor.
Details
- Headquarters
- Hong Kong
- Currencies
- 12
- Monthly Fee
- Free
- Non-Residents
- Accepted
- US Persons
- Not accepted
- Debit Card
- Available
- Business Account
- Available
Opening Requirements
- •Valid passport or HKID card
- •Proof of address (utility bill, bank statement, or government document dated within 3 months)
- •Proof of income or employment (salary slips, employment letter, or tax returns)
- •Completed account opening application form
- •Minimum opening deposit (HKD 10,000 for most personal accounts; HKD 1,000,000 for Priority Banking)
- •Tax residency self-certification (CRS/FATCA declaration)
Restricted Nationalities
Not available to nationals of: iran, north-korea, syria, cuba, 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 are generally declined; Standard Chartered HK does not take on new US-person retail clients due to FATCA compliance burden. |
| iran | NO | Blocked — OFAC, UN, and EU Iran sanctions compliance. |
| north korea | NO | Blocked — UN and OFAC DPRK sanctions. |
| russia | NO | Russian nationals declined post-February 2022; Standard Chartered adopted UK/EU Russia sanctions framework. |
| syria | NO | Blocked — OFAC and UN Syria sanctions. |
| uk | YES | UK nationals accepted; Standard Chartered has deep UK ties as a British-headquartered group. In-branch visit and economic nexus to HK expected. |
| eu | YES | EU nationals accepted subject to standard KYC and CRS self-certification. In-person branch visit in Hong Kong typically required. |
| china | YES | Mainland Chinese nationals are a core customer segment; CNY accounts and cross-border wealth management services available. |
| australia | YES | Australian nationals accepted; Standard Chartered operates in Australia and has existing CRS frameworks in place. |
| singapore | YES | Singaporean nationals accepted; Standard Chartered Singapore is a sister entity, facilitating relationship-based referrals. |
| india | YES | Indian nationals accepted; enhanced due diligence may apply for high-value accounts or business-purpose applications. |
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Sources & last verified
- Last verified 2026-06-15