Standard Chartered (Hong Kong)

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Standard Chartered (Hong Kong)

One of the oldest bank in the world, which provides banking services more than 150 years. It occupies leading position in Asian, African and middle East regions.

One of three banks in Hong Kong who has the right to issue banknotes. It has access to trade in London and Hong Kong stock exchanges, being in the TOP 25 ranking FTSE-100 in terms of market capitalization (Market CAP).

In Standard Chartered operates 75 thousand employees of 125 nationalities, more than 1600 units and outlets from seventy countries.

Types of accounts

Private, corporate accounts.

Cost for account opening (bank fee) 

Deposit to open an account is not required. But for clients representing high-risk countries, including from the CIS countries and Eastern Europe, require the placement of insurance Deposit in the amount of not less than 50 000 USD, which will serve as minimum balance.

Managing your account

System Straight2Bank (program: Client - bank), Online Banking, Fax with code words.

Bank tariffs (per month)

System: International Trade Account:

- if monthly average of the account for the previous 6 months less than 100 000 HK$: 300 HK$;

- if monthly average of the account for the previous 6 months exceeding 100 000 HK$: is not applied.

System: SME Banking:

- if monthly average of the account for the previous 6 months less than 100 000 HK$: 180 HK$;

- if monthly average of the account for the previous 6 months exceeding 100 000 HK$: is not applied.

cost for incoming payment: 5-55 HK$.

Cost for outgoing payment: 60-300 HK$.

Terms of opening the account

The process of account opening consists of the preparatory period and the account opening itself

The preparatory period: includes collecting and providing us with the documents required for opening an account. The duration of this preparatory period depends directly on you.

The process of documents reviewing by the bank staff and the decision to open an account takes from 2 to 4 weeks following the date after a personal meeting with the bank manager.

Staff

English-speaking

Credit/debit cards

Visa, MasterCard.

Other bank services

Loans, insurance, stock market, deposits, bonds.

Documents necessary to open the account

Forms for signature feature in the main office of the Bank in person.

 

Documents necessary from the company

 

You have to transmit the originals of all the founding and statutory documents of the company. In case the company was registered more than one year ago the Certificate of Good Standing with apostile is required.

 

Documents necessary from the account holder:

  • original of internal passport;
  • original of foreign passport ;
  • original of bank reference in English with indication of address the account holder;
  • notarized translation of utility bill no older than 3 months into English;

Documents necessary from company’s beneficiary:

  • original of internal passport;
  • original of foreign passport ;
  • original of bank reference in English with indication of address the account holder;
  • notarized translation of utility bill no older than 3 months into English;

 

Documents necessary from the nominee Director in the case of a company nominee service:

 

  • Set of documents affixed with Apostille, including the following: copies of passport and utility bill no older than 3 months and bank reference (if the nominee Director is physical entities);
  • Set of documents affixed with Apostille, including the following: certificate of Incorporation, Memorandum and Articles of Association, Appointment of Director (if the nominee Director is legal entities). threatened required documents about this Director – Set of documents affixed with Apostille, including the following: utility bill no older than 3 months and bank reference

Standard Chartered Bank adheres to the “know your client” principle and thus you may be requested any additional information or documents. This may extend the process of the account opening. Bank also may refuse to open the account without any explanations.

The procedure of opening an account

Assignment us a description of company’s activity (business plan), containing:

  • description of the business conducted by the company;
  • purpose of opening an account in Hong Kong;
  • methods of management and financing of the company;
  • name of the country in which the main business of the company;
  • expected monthly volume of banking transactions for incoming and outgoing payments;
  • the list of partners.

Need a personal meeting attorney/beneficiary with the Bank Manager in the main office of the Bank. If attorney/beneficiary is not fluent in English, you make use of services an interpreter, as communication will be in English.

Web-site

www.standardchartered.com.hk