Hongkong and Shanghai Banking Corporation Limited (HSBC Hong Kong)

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Hongkong and Shanghai Banking Corporation Limited (HSBC Hong Kong)

The HSBC Group is one of the world's largest banking and financial services organizations. The Group has around 9,500 offices in 86 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. 

HSBC provides a comprehensive range of financial services through four customer groups and global businesses: Personal Financial Services (including consumer finance); Commercial Banking; Corporate, Investment Banking and Markets; and Private Banking.

Established in Hong Kong in March 1865 and in Shanghai one month later, The Hongkong and Shanghai Banking Corporation is the founding member of the HSBC Group. It is the Group's flagship in the Asia-Pacific region and the largest bank incorporated in Hong Kong. 

 

Types of accounts:

Personal, corporate, calculating (multicurrency)

The cost of opening of the account (bank tariff)

Deposit for opening an account: 1350 USD, shall be paid after account opened

Representative offices:

Moscow

Management:

Internet Bank, sending of payment orders by post, fax with the voice confirmation

Bank tariffs:

According to system Business Vantage

Maintenance of account (for legal entities): free

(if monthly balance more than 1 000 000 HK$),

Maintenance of account (for legal entities): 150 HK$

(if monthly balance less than 100 000 HK$)

 

According to system Business Direct

Maintenance of account (for legal entities): free

The cost of  outgoing payment: free (up to 6 transfers in a month), 75 HK$ (from 6 to 12 transfers in a month), 75 HK$ +10 HK$ for every next transfer (more than 12 transfers in a month)

Terms of opening the account:

Account opening consists of two stages: preparatory stage and opening of the account.

Preparatory stage includes gathering and providing us with the documents needed for account opening, preparation and signing of bank forms, documents delivery to the bank’s head office. The term of preparatory stage depends on you.

Reweaving of documents by bank employees takes 7-10 business days since the documents have been delivered to the bank.

HSBC follows KYC policy and reserves the right to require additional documents and documents from the client what may lead to account opening term exceeding, as well as refusing of account opening without reasons explanation.

Staff:

English speaking

Credit/debit cards:

Visa, MasterCard

Other bank products:

Insurance, credit, deposits, bonds

Documents for opening an account:

Forms for signing:

are given by the manager of the bank

Documents of the company must be taken to the bank:

• originals of all corporate documents

• certificate of good standing under apostille (if the company is older than 1 year)

Documents from the account holder:

  1. Original of internal passport
  2. Original of travel passport
  3. Original of bank reference in English with resident address of the account holder
  4. Copy of utility bill with certified translation into English not older than 3 month

Documents from the beneficiary:

  1. Original of internal passport
  2. Original of travel passport
  3. Original of bank reference in English with resident address of the account holder
  4. Copy of utility bill with certified translation into English not older than 3 month

Documents from nominee director in case of using nominee service:

  • • set of documents under apostil with copies of:

If the company, for which the account is opened uses nominee services, you need to offer to bank:

  1. passport – if the nominees are natural persons
  2. Corporate documents – if the nominees are legal entities

The confirmation of the address may be:

-         Extract from the personal bank account

-         Municipal payment

-         Notice of tax payment

-         Bank recommendation, indicating the address of living

The procedure of opening an account:

There are two variants of opening bank account (with the personal presence in the man office of the Bank and without going to Hong Kong)

The first variant:

You offer us copies of the documents and we resend them to the bank. After it you go to Hong Kong for the interview.

The second variant:

You offer us the originals of the documents and we send them with a courier post to bank. Within two weeks from the moment the bank receives the documents bank sends the notice about opening a multicurrency account on the electronic address, the password of the access and the generator of codes for access.

Bank site

www.hsbc.com