which bank and where? HK?

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pandalover3

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Joined: Mar 31, 2007
Posts: 792

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Posted: Apr 12, 2007 - 04:28 AM
Post subject: which bank and where? HK?

i would like to open a new account, maybe in HK, that would enable Credit card usage. better service and interest rates would be great too.

what r implications for financial disclosure vis -a vis HK and Mainland banks and their western counterparts?

do u need to use passport of current visa? does resident status count? if so which country?

ive heard HK banks arent interested, for expats, under 10k $, is that true?

Mon_Mon

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Joined: Oct 07, 2005
Posts: 662

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Posted: Apr 12, 2007 - 07:27 AM

it should be easy to get a bank account in HK by using your passport. However for credit card (though very popular alreays) it may be a little tricky as you may need to have a address (perhaps at least a mail box) and also show income (or asset) prove to them and it would take a little processing time.
I have not heard difficulty for expat to get credit card as long as one has a job in HK and able to show income prove - should be same as for others, right? May be don't got to the 'big' banks but the smaller banks then as they may be more flexible for business concerns

supereternal

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Joined: Mar 13, 2006
Posts: 123

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Posted: Apr 12, 2007 - 07:37 AM

Rule has changed. Opening a personal account at bank in Hong Kong require an address in HK (e.g. a utility bill in your name). I think for credit card, there is either an income level requirement or accumulated deposit level over a period of time. Each bank has its own policy and someone already said that smaller bank tend to be less strick about this.