Recently, I've seen many friends on Twitter trying to withdraw cash using Backpack, the process is quite smooth, and it arrives at ZA Bank the next day. However, there is a $20 fee because ZA Bank does not have a USD account and requires a transit bank fee.

But I will still use ZA Bank, even though some friends have tried HSBC with zero fees.

Based on the experiences of several friends with frozen cards, $20 is a minor issue. Having a frozen card really causes a lot of delays. HSBC's risk control is strict and their efficiency is average. You either have to fly to Hong Kong to appeal, or write emails back and forth, which is super troublesome.

ZA Bank is an internet bank under HashKey, and the bank account of HashKey's own exchange is ZA Bank, so I understand that risk control and such will be better.

Of course, if you want to withdraw more than $100, you can get a professional version of HashKey for dedicated service.

For deposits, you can use HSBC, while Backpack uses the Royal Bank of Scotland for receiving funds, with the receiving address in Australia. Previously, I used HSBC to remit money to a friend in Australia, and it also arrived the next day.