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BANK ACCOUNT
Requirements
We have enquired the banks listed as follows on the
requirements for the opening of a corporate/business account with them for
clients reference only.
1. Standard Chartered Bank:
(1) All directors, shareholders and bank authorized signatories need
to provide address proof, e.g. original water/telephone bill, bank
statement issued within two months. If the correspondence address is
different, address proof is also required. If any address proof is
not in English nor Chinese, you are required to have a local lawyer
to translate it into English and certify its English version.
(2) All
directors, shareholders and bank authorized signatories may come to
Hong Kong or go to their branch/subsidiary (not representative
office) in any country, so that they can witness their signatures
and verify their passport copies.
2. HSBC:
(1) A bankers' reference letter from the personal banker of each
director/shareholder/bank authorized signatory introducing him/her
to open a bank account (sample to be provided by us) and the bank
account must have been opened for more than 1 year
(2) Evidence to prove the present occupation of each
director/shareholder/bank authorized signatory, e.g. a bank
reference letter from the banker of the existing company of each
director/shareholder/bank authorized signatory specifying its nature
of business and that he/she is a shareholder or director of that
company
(3) HSBC requires to verify the signatures of the bank
officers who issue bank reference letters, so the letters are
required to be faxed to us for their verification first
(4) All directors, shareholders & bank authorized
signatories must come to HK for opening bank accounts and then come
again about three weeks later for collecting internet banking password
in person (there is no alternative).
3. Bank of East Asia:
(1) for any director/shareholder/bank authorized not having a bank
account with the bank for more than a year, a bank reference letter
from the personal banker of each director/shareholder/bank
authorized signatory introducing him/her to open a bank account and
the bank account must have been opened for more than one year.
(2) all
directors, shareholders and bank authorized signatories may come to
Hong Kong or go to their branch/subsidiary (not representative
office) in any country, so that they can witness their signatures
and verify their passport copies.
We can assist and act as referral for the open of
corporate/business bank account at a cost of
US$300
each for clients who incorporate their companies through us. The
charge for bank account alone is
US$400.
Operating Bank Accounts
Bank accounts with the banks mentioned above can be
operated outside Hong Kong in the following ways :
(1) Phone Banking Service/Internet Banking Service
All the above three banks provide Internet Banking Facilities, by which
you can use Internet to assess your bank accounts for making balance
enquiries and transfers. There is no limit for making transfers for
Standard Chartered Bank, but they have a set up fee of HK$800 and a
monthly fee of about HK$200 to HK$300. For the other two banks, the
maximum limit for transfers is HK$2,000,000 per day, but the bank
charge is only several hundred HK$ per annum without a set up fee.
(2) ATM Card
You can use ATM cards issued by the relevant banks to withdraw money
from the Company's bank accounts using any specified ATM machines ("Sirrus"
for Standard Chartered Bank and "Plus" for HSBC and Bank of East
Asia) around the world. There will be a bank charge for each
transaction and some exchange loss. |
