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01 Advantages of Corporate Account with The Bank of East Asia, Hong Kong

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1.No need for affiliated companies

For many start-ups, there are no mainland affiliates, but most local banks require affiliates for Hong Kong company accounts. The advantage that BEA Hong Kong does not require a related company saves business owners a lot of time and effort.Whether you are a newly established company or an old company that has been in operation for some time, you can apply for an account directly without having to worry about affiliates.

2. No Deposit Money

When opening an account with some local banks in Hong Kong, you may be required to make a deposit to manage your money, which undoubtedly adds costs and burdens to your business. Whereas, Bank of East Asia Hong Kong does not require deposit money management, allowing business owners to utilize their funds more flexibly.There is no need to specialize in deposit management in order to open an account.This not only reduces the cost of the business, but also improves the efficiency of the use of funds.

3. Low search costs

The Bank of East Asia (BEA) in Hong Kong has a search fee of HK$200, which is the lowest search fee among all banks in Hong Kong.

4.Support letter of credit

Provide enterprises with electronic international business, which allows them to conveniently make online applications for overseas outward remittance, letter of credit opening and letter of credit modification.

5.Multi-currency transfer payment

Provide multi-currency transfer and payment functions, including: intra-bank transfer, inter-bank transfer, domestic foreign exchange transfer, designated payee transfer, batch transfer, etc.; and conveniently manage payee roster.

If you also want to open a Hong Kong company's public account, you can contact our online customer service, arrange for professional managers to answer questions and provide professional advice andFull one-on-one service

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02 Information on opening a corporate account with The Bank of East Asia, Hong Kong

Take a new Hong Kong company formed within 18 months as an example:

1. Hong Kong company registration certificate, business registration certificate, incorporation form

2. Directors and shareholders identity card, pass front and back, such as passport registration to provide passport

3. Directors of the last 1-3 years of social security and the last 3 months of personal water flow

4. 1 Intended Purchase Contract + Intended Sales Contract for Hong Kong Company

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03 Bank of East Asia, Hong Kong Account Opening Process

1. Pre-clearance of account opening information

2. Our company will send the information to the bank manager for examination and approval, and then make an appointment for interview.

3. After the interview, wait for the completion of the household placement

After the interview is completed, the bank will proceed to the final process of placing the account, which takes about 1-2 weeks

Note: Due to the bank policy will change at any time, there are Hong Kong company account opening needs of customers can directly consult the Enterprise Caiying to understand the latest account opening details

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04 Bank of East Asia, Hong Kong Account Opening Fee Standard

Bank search fee: HK$200

Account management fees:Monthly management fee is waived if the average daily balance of the account is not less than HK$10,000 (if less than HK$10,000, monthly management fee of HK$150/month will be deducted)

Wire Transfer Fee::

Transfer in: 65HKD/stroke  

Transfer: 100HKD/stroke

If you also want to open a Hong Kong company's public account, you can contact our online customer service, arrange for professional managers to answer questions and provide professional advice andFull one-on-one service