Bank Account Opening

When you establish your own business, a business bank account becomes the most important window between you and your business partners. Under the tightening of Hong Kong regulations, some merchants may hit the nail when opening a business bank account due to the stricter bank scrutiny . StartupCow provides bank referral service and company account appointment services. We help customers find the right bank based on the business nature of each client to increase the chance of successfully opening a company account.

Account opening workflow

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Make an appointment to open a business bank account

StartupCow understands clients’ account opening needs, including bank services that the companies may need for their business. An account opening interview would be arranged at customer's available timeslot with the appropriate bank.

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Visit the bank

StartupCow assists clients to prepare basic information to the bank. Shareholders and directors only need to bring the required documents to the bank to meet with the client manager at the time of the appointment interview so that the bank can understand the company's business overview.

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Successful account opening

After the interview, the bank will process the customer's application for opening an account. If all required information is complete, the business bank account can be successfully opened within two to four weeks.

Packages

BASIC PLAN

  • Bank Account Opening
  • Submit account opening application to the bank
  • Directly contact the designated account opening representative to follow up the case
  • Prepare and send the required company documents to the bank (except business-related docs)
  • (Bank Charge not included)
  • *$500 discount for incorporation plan!
HKD 2000
HKD 1,500*

GUARANTEED PLAN

  • Bank Account Opening
  • Submit account opening application to the bank
  • Directly contact the designated account opening representative to follow up the case
  • Prepare and send the required company documents to the bank (except business-related docs)
  • Apply for another bank if the first application rejected
  • (Bank Charge not included)
  • *$500 discount for incorporation plan!
HKD 2,500
HKD 2,000*

SPECIAL PLAN

  • Bank Account Opening
  • Directors/Shareholders does not hold HKID
  • Directors/Shareholder is not in Hong Kong
  • Business Nature includes high risk activities
  • Previous applications rejected by other banks
  • Directors went bankrupt

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Frequently Asked Questions

Can I open a business bank account online? Can any one of the shareholder or director be the representative?

StartupCow can contact customers through online communication tools or telephone to arrange bank account opening matters, but most banks will still require all company shareholders and directors to attend the interview with bank staff at the same time as the basic requirement for opening a bank account.

What documents are required to open a business bank account?

The required documents vary from bank to bank, and the basic documents include company registration certificate, business registration certificate, Memorandum & Articles of Association, corporate Incorporation Form or Annual Return, Identification documents of shareholders and directors, proof of address, etc. In addition, banks will also request more business-related documents to prove the company's actual operation.

How long does it usually take to open a bank account?

The time required varies by individual bank. Some banks can successfully open a bank account within the fastest 1-2 weeks, and some banks require 4-6 weeks.

Can the bank account use Faster Payment System (FPS)? Can I apply for a foreign currency account?

The services provided by banks may be different. If customers need specific services, such as faster payment system (FPS), foreign currency accounts, etc., you can inform us in advance so that we can pick the most suitable bank for you.