Personal HK bank account

[bibing]

daniels27 said:
If you check the forum, there are quite some people that were able to do so.

https://www.offshorecorptalk.com/threads/personal-hk-bank-account.43544/post-285524
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Don't believe this BS.
Been an HK HSBC Premier for over a decade.

Had people, living in HK, who didn't believe how come I had an account with HSBC despite them being living there and with cash to deposit. And this was well before CRS.

There's no chance they will open your account remotely. Definitely not for a normal account. Then you are able to believe anything

 

[jafo]

Take a trip to Hong Kong. It's beautiful this time of year! Have dinner at the Man Wah ”“ Hong Kong - a MICHELIN Guide Restaurant

Stay at the Mandarin Oriental or the Mandarin Landmark.

You'll love it!

 

[thomasparra]

jafo said:
Take a trip to Hong Kong. It's beautiful this time of year! Have dinner at the Man Wah ”“ Hong Kong - a MICHELIN Guide Restaurant

Stay at the Mandarin Oriental or the Mandarin Landmark.

You'll love it!
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i should try Man Wah. In Landmark at Mandarin Grill I had the best beef Wellington I have ever had. Highly recommend this one for a “western” dining experience

 

[JohnLocke]

Are we getting off topic now ?

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[jafo]

JohnLocke said:
Are we getting off topic now ?
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I am (low-key) insinuating to OP that a visit is needed for something like this. Most things can be resolved face-to-face. Inviting your banker to dinner at Man Wah is (almost) guaranteed to land you an account, and OP gets to enjoy the trip and some of the best cuisine Hong Kong has to offer. The banker will have actual photos of the OP at Man Wah. 😉

All OP has to do is juxtapose the "Options"

If the banker seems "unimpressed/disinterested," I would kindly ask him to refer me to his personal favorite "service provider" with whom he works so I can invite the service provider to dinner at Man Wah and discuss my business/wealth management.

Or...OP can be magnanimous and invite his own service provider if he thinks that would help. 😉

I lost count of how many accounts I opened in Hong Kong by inviting bankers to dinner at Man Wah or other equally impressive restaurants. All I know for sure is that NOT a single account has been denied using this method or similarly effective sugarcoating strategies.

PS. Now, the cat is OUT of the bag! stupi#21

 

[liroyb]

ActionMan said:
I set up an account with Hang Seng through their Causeway Bay branch, thanks to an HK banker I know. They wanted at least 500k in there and suggested investing in their indexes, but I found a clever way to sidestep that requirement. It's handy for handling big transactions in Asia, and it's a nice middle ground between Dubai, the USA, and Singapore.
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500k in which currency?

 

[DeepDrilling]

jafo said:
I lost count of how many accounts I opened in Hong Kong by inviting bankers to dinner at Man Wah or other equally impressive restaurants. All I know for sure is that NOT a single account has been denied using this method or similarly effective sugarcoating strategies.
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how many of these accounts that didn't get denied are opened ?

 

[jafo]

DeepDrilling said:
how many of these accounts that didn't get denied are opened ?
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All of them!

Before you visit Hong Kong, swing by Confiserie Sprüngli on Bahnhofstrasse 67, buy two 500-gram boxes of Pralines & Truffles, and take one for the banker's children/wife and one for his parents. 😉

It's the same as a wife or girlfriend: if we stop giving her presents, chocolate, and flowers, she'll dump us and find someone else who does. smi(&% 😉

 

[MrBaggins]

Would it be possible to fly to Hong Kong to open a personal HSBC One account with a neutral passport?

Trying to determine if flying there will be a waste of time, or if this is something they do.

 

[TRGali]

In case you already have a HSBC premier account, I think you may not even need to fly there. They can do online account opening usually as long as you are already premier client somewhere.

 

[daniels27]

MrBaggins said:
Would it be possible to fly to Hong Kong to open a personal HSBC One account with a neutral passport?

Trying to determine if flying there will be a waste of time, or if this is something they do.
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Try to open it online first. Please do not use any US phone number, US IP address or anything US. If this does not work, you can still fly there. Just be prepared to be rejected as they do not open anything for anybody anymore.

And yes @TRGali if you are Premier elsewhere, they will open another Premier account in HK for sure. But in general HK banks have become quite selective. Not sure what you need to account for, but be prepared to come up with a good explanation. If you just want an account, you may have better luck in Australia with HSBC, they are know to be more open to open.

 

[MrBaggins]

daniels27 said:
Try to open it online first. Please do not use any US phone number, US IP address or anything US. If this does not work, you can still fly there. Just be prepared to be rejected as they do not open anything for anybody anymore.

And yes @TRGali if you are Premier elsewhere, they will open another Premier account in HK for sure. But in general HK banks have become quite selective. Not sure what you need to account for, but be prepared to come up with a good explanation. If you just want an account, you may have better luck in Australia with HSBC, they are know to be more open to open.
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Thanks for the responses.

My explanation would be: I have residency in the SEA region and travel a lot within Asia (but never to HK) plus have international income. So living in the region + international lifestyle and wanting a reputable banking partner for the long term (personal account only). The account will get all my personal income paid into it every month and used as my main personal account with cards and all.

Think that's convincing enough?

Unfortunately I don't have premier or any other HSBC accounts anywhere.

Regarding Australia, I never knew they opened accounts for non-resident foreigners. I will look into this.

 

[Forester]

MrBaggins said:
I have residency in the SEA region and travel a lot within Asia (but never to HK) plus have international income. So living in the region + international lifestyle and wanting a reputable banking partner for the long term (personal account only). The account will get all my personal income paid into it every month and used as my main personal account with cards and all.
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I would definitely go for e.g. SC Singapore instead of HSBC HK with this setup.
a) SC is IMO way better than HSBC.
b) Onboarding in SG remarkably easier (for personal premier accounts).

Just my 2 cents 🙂

Re: HK, @jafo gave a very good recipe here Personal HK bank account 🙂 Consider it 😉

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[JackAlabama]

MrBaggins said:
Would it be possible to fly to Hong Kong to open a personal HSBC One account with a neutral passport?

Trying to determine if flying there will be a waste of time, or if this is something they do.
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what is a neutral passport?
Your money is as good as everyone else's, esp now after HK got decimated and heaps of it went to Singapore.

MrBaggins said:
Thanks for the responses.

My explanation would be: I have residency in the SEA region and travel a lot within Asia (but never to HK) plus have international income. So living in the region + international lifestyle and wanting a reputable banking partner for the long term (personal account only). The account will get all my personal income paid into it every month and used as my main personal account with cards and all.
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can work esp. if you have a residency visa in sea. Add an investment twist and a higher balance to it (higher means lower 6 digit usd) to make it more interesting.

MrBaggins said:
Think that's convincing enough?

Unfortunately I don't have premier or any other HSBC accounts anywhere.

Regarding Australia, I never knew they opened accounts for non-resident foreigners. I will look into this.
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HK has other good banks than HSBC only, they have the singapore banks and SC and and and.
Since youre in sea, you maybe find one which has branches in both.

Last edited: Aug 29, 2024

 

[bibing]

MrBaggins said:
with a neutral passport?
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What the F is a neutral passport?

 

[MrBaggins]

bibing said:
What the F is a neutral passport?
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We're talking about Hong Kong here. So neutral is anything other than: US China Taiwan.

 

[JackAlabama]

MrBaggins said:
We're talking about Hong Kong here. So neutral is anything other than: US China Taiwan.
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Thats not making much sense in this realm.
Its a difference if youre Panamanian, Congolese or Thai or British.

 

[daniels27]

MrBaggins said:
Thanks for the responses.

My explanation would be: I have residency in the SEA region and travel a lot within Asia (but never to HK) plus have international income. So living in the region + international lifestyle and wanting a reputable banking partner for the long term (personal account only). The account will get all my personal income paid into it every month and used as my main personal account with cards and all.

Think that's convincing enough?
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No. They normally want local transactions.

MrBaggins said:
Regarding Australia, I never knew they opened accounts for non-resident foreigners. I will look into this.
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Yes. I would recommend checking there.

JackAlabama said:
HK has other good banks than HSBC only, they have the singapore banks and SC and and and.
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Back of China usually works best in you case.

 

[JackAlabama]

daniels27 said:
No. They normally want local transactions.
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That could be arranged with some local investments.

 

[daniels27]

JackAlabama said:
That could be arranged with some local investments.
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Maybe a bit too much. It could be arranged by reloading my SIM card though FPS once per year for HK$45 already.