Hong Kong Bank Account Opening Guide: How Can Mainland Residents Obtain a Hong Kong Bank Card?
If you are residing in Hong Kong temporarily or long-term from the mainland, opening a Hong Kong bank account can facilitate daily life and meet your various needs, such as spending at merchants, receiving salaries, paying utilities, buying insurance, etc. Hong Kong's "Faster Payment System" is similar to Alipay and WeChat Pay in the mainland, and instant transfers can be made by scanning the FPS QR code. In addition to scanning, payments can also be made using mobile phone numbers, email addresses, or FPS identification codes. The daily limit for Faster Payment System is HKD 10,000. After opening an account, if there is a need to remit money from a Hong Kong bank account to the mainland, you can use the remittance expert Wise, which saves remittance costs for you through market mid-rate remittance without markup. Using Faster Payment System to pay remittance fees allows Wise to receive the funds faster, and the remittance can also be sent out faster, arriving in as little as a few minutes!
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