I. Why should I apply for a Hong Kong bank card?
1. Free management of foreign currency: cross-border remittance does not occupy the domestic 50,000 USD foreign exchange quota
2. Very convenient for daily life: pay water and electricity bills, receive salary, buy insurance, repay mortgage all in one card
3. QR code transfer tool: use "FPS" (Hong Kong version of Alipay) to scan QR codes/phone numbers for transfers, daily limit of 10,000 HKD
4. Global consumption with zero fees: direct debit in foreign currency, no currency conversion fees
5. Supports credit card opening: permanent fee waiver for debit/credit cards
II. Must-read knowledge before account opening
1. Comprehensive account = all-in-one account
Includes HKD savings + foreign currency accounts + investment and wealth management + check functions, making stock trading and fund purchasing convenient
2. Basic materials checklist
ID card + Hong Kong and Macao Travel Permit
Address proof (recent 3 months water/electric bill/credit card bill, needed for investment account opening)
3. Choose one of the two account opening methods
Visit Hong Kong in person: most banks require offline processing
Witness account opening: Bank of China/HSBC/Standard Chartered supports agency processing at mainland branches (some account types are restricted)
III. Five Major Banks Account Opening Guide
Hidden benefits: Cross-border Wealth Management Connect, exclusive benefits for Greater Bay Area residents (Guangzhou/Shenzhen and 9 other cities)
1. Personal investment limit of 1 million RMB
2. Can buy Hong Kong funds/bonds/foreign currency
3. Major banks like Bank of China/HSBC/Standard Chartered can process it
Tips for account opening
1. Make an appointment 2 days in advance to avoid queues
2. It is recommended to process in the morning on weekdays
3. Actively explain the purpose when opening an account (e.g., investment/insurance)
4. Keep the account active to avoid cancellation
Money-saving tips for remittance
Recommended to use Wise for remittance:
1. Real-time exchange rates with no markup
2. Fees 80% lower than banks
3. Supports "FPS" for instant arrival
Frequently asked questions
1. Do I need a Hong Kong ID?
No! Travel permit + mainland ID card is sufficient
2. How long does it take to receive the card?
Successful on-site account opening, physical card will be mailed within 2 weeks
3. Will management fees be charged?
Choose zero-threshold accounts (e.g., HSBC One/HSBC Wealth) to enjoy permanent waivers
