First, give everyone a shot:
Unlike the mainland, Hong Kong banks mostly charge management fees and ordinary transfer fees. Transfers are not available during non-transaction hours, and the transfer speed is difficult to arrive in seconds!
Now I can’t go to Hong Kong, so many banks can’t handle it, so the following will only talk about a few that can be witnessed in the Mainland.
(Note: The policy may change at any time, for example, a certain city becomes unavailable or raises the threshold)
In order to make new Hong Kong stocks, I and my family have handled 3 Minsheng Hong Kong bank cards.
Why choose Minsheng Bank Hong Kong Card?
Below I list the requirements and characteristics of different Hong Kong bank cards, you will know why
1. Minsheng Bank Hong Kong Branch
① Data requirements:
The validity period of the second-generation ID card is more than 6 months;
Passport validity ＞ 6 months + multiple-entry visa (mostly apply for Turkey now, I found it by Fliggy, comment below if needed)
proof of address. For example, credit card bills, real estate certificates, driver's licenses, or monthly bank statements with address + stamped utility bills, etc. (in some cities, although this is not mandatory, some people are required by Hong Kong to add information)
② Capital threshold & city:
For Guangzhou, Hangzhou, and Fuzhou, 50,000 for 3 months, Shenyang 50,000 for 6 months, Xiamen 100,000 for March, Xi’an 50,000 for June only for local residents, Shanghai 100,000 for 3 months, you need to go to the branch twice , There are many other cities that are not listed one by one, other cities are mostly 300,000, and some are lower. For details, you can leave a message below and I will help you inquire.
③ Port card management fee:
The balance in the most recent March is ≥100,000, free of charge;
Less than 100,000 and greater than or equal to 10,000, 10 yuan per month
Less than 10,000, 50 yuan per month
④ Transfer fee:
Ordinary: Free transfer within the bank, 75/transition for the Mainland to Hong Kong, 60/transit for the Hong Kong to Mainland, and 150/transit for the Hong Kong to other Hong Kong card;
FPS (Fast Speed): 150,000 free per day
Bank-securities transfer: starting from October 1, it will be calculated based on the number of brokers who use bank-securities for transactions each month (assuming it is N), the fee = (N-1)*10 Hong Kong dollars, and the monthly cap is 150 Hong Kong dollars (if the account is last 3 Average monthly balance ≥100,000, free of charge)
⑤ Processing time: about 2 months at present (may become longer as time changes)
⑥ Whether there is a physical card: none
⑦ Comprehensive comment: There are 17 banks and securities firms, which improves capital efficiency, and the cost is not expensive. It is currently the most supported city among the mainland witnesses that can apply for a Hong Kong card. One word is very fragrant!
2. Nanyang Commercial Bank
① Data requirements:
The validity period of the second-generation ID card is more than 6 months;
Shenzhen account can be used for multiple round-trip passes to Hong Kong and Macau. Non-shenzhen accounts need to provide: passport + foreign endorsement (multiple round-trip stays for 90 days, most of them apply to Turkey now, I was looking for Fliggy, and the following comments are needed)
proof of address. Such as credit card bills, real estate certificates, driving licenses, or monthly bank statements with address + stamped hydropower and coal invoices, etc.
② Capital threshold & cities: Nanning, Guangxi, Shenzhen, 50,000 for 3 months, Qingdao, 100,000 for 6 months
③ Port card management fee: free for the first 2 years, free for later downgrades
④ Transfer fee: free for transfer within the bank, 80 per transaction for the mainland to Hong Kong, and 65 HKD per transaction for the transfer from Hong Kong to the mainland
⑤ Processing time: about 3 weeks
⑥ Whether there is a physical card: none
⑦ Comprehensive comment: Those who don’t like management fees can do this. The capital utilization rate is not as high as the people’s livelihood, and the cost is similar.
3. Dah Sing Bank
① Data requirements:
The validity period of the second-generation ID card is more than 6 months;
Passport/Hong Kong and Macau Pass (Validity Period)
② Funding threshold & city: Shenzhen, Shanghai, Guangzhou, Foshan, 100,000 fixed deposit for 6 months, Shanghai non-Shanghai residents need to add 30,000 insurance-type wealth management, Nanchang 200,000 fixed deposit for 1 year (Shanghai residents account problem: no Shanghai account is required, in Shanghai Work or rent a house with a residential address))
③ Port card management fee: free
④ Transfer fees: FPS fast transfer is free, the mainland transfers to Hong Kong 120+01.1%/transaction, Hong Kong transfers to the Mainland 250 HKD/transaction
⑤ Processing time: about 6 weeks
⑥ Whether there is a physical card: none
⑦ Comprehensive comments: The fee is slightly higher than that of Nanyang Commercial Bank, and the time to get the card is faster
4. Construction Bank
① Data requirements: valid ID card;
The valid period of Hong Kong and Macau Pass> 3 months;
Proof of address. A paper credit card statement of the past 3 months or a registered letter of a new credit card must be mailed by the bank (water, electricity and coal bills are not acceptable)
② Funding threshold & city: Shenzhen 50,000 fixed deposit for 6 months, Xiamen 10,000 at least 1 month, Tianjin through a third party additional payment to make an appointment (10,000 annuity deposits for about 3-5 years)
③ Hong Kong card management fee: mainland card 50 per year, Hong Kong card less than 5000 yuan, 50 Hong Kong dollars / month
④ Transfer fee: RMB 100/HKD for each transfer between Hong Kong and mainland
⑤ Processing time: about 1-2 months
⑥ Whether there is a physical card: yes
⑦ Comprehensive comment: A group of friends said that this card can be used to transfer funds back to the mainland for 1 transaction per month
5. Hang Seng Bank
① Information requirements: ID card validity period> 6 months; Hong Kong and Macau Pass (validity period> 6 months)
② Capital threshold & cities: Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou, Tianjin, Fuzhou, etc., 300,000 wealth management for 2 years/50,000*3 years insurance
③ Hong Kong card management fee: Mainland card assets <100,000, charge 180 yuan/month; Hong Kong card <10000HKD, charge 60 Hong Kong dollars/month
④ Transfer fee: Free for transfer between Hong Kong and Mainland China, HKD 250 per transaction from Hong Kong card
⑤ Processing time: about 3 weeks
⑥ Whether there is a physical card: yes
⑦ Comprehensive comments: Some people’s feedback on insurance is a bit tossing, and if it’s inappropriate, choose financial management
6. Standard Chartered Bank
① Information requirements: ID card validity period> 6 months; Hong Kong and Macau Pass (validity period> 6 months)
② Capital threshold & cities: 500,000 RMB deposit for 3 months, 16 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Suzhou and Hangzhou
③ Port card management fee: the card can be downgraded for free
④ Transfer fee: 25 US dollars per transaction between Hong Kong and mainland, after downgrading, the mainland transfers 120+0.1% RMB to Hong Kong, and Hong Kong transfers to the mainland 420-820 Hong Kong dollars / transaction
⑤ Processing time: about 3-4 weeks
⑥ Whether there is a physical card: yes
⑦ Comprehensive comment: foreign card, more pre-deposit + transfer fee is expensive, let you have money
7. HSBC Bank
① Information requirements: ID card validity period> 6 months; Hong Kong and Macao Pass (validity period> 3 months)
② Capital threshold & cities: nationwide, deposit 500,000 RMB/equivalent foreign currency deposit for 6 months, Hong Kong account opening appointment fee is 150 yuan (600 yuan in individual areas)
③ Hong Kong card management fee: 300 yuan/month for mainland card assets <500,000 RMB, and 380/month for Hong Kong card account management fee
④ Transfer fee: free
⑤ Processing time: about 3-4 weeks
⑥ Whether there is a physical card: yes
⑦ Comprehensive comment: Foreign card, nothing else, it is more pre-deposited + expensive management fee, big guys can handle it
8. DBS Bank
① Information requirements: ID card; Hong Kong and Macau Pass (validity> 6 months)
② Capital threshold & city: Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, 1 million deposit for 3 months
③ Port card management fee: free
④ Transfer fee: less than 400,000 in the account, 120 + 1/1000 for the mainland to Hong Kong
⑤ Processing time: about 4 weeks
⑥ Whether there is a physical card: yes
⑦ Comprehensive comments: compare it and do it if you are stupid!
9. How to choose a comprehensive comparison?
I personally will give priority to the Hong Kong branch of Minsheng Bank, followed by Jianshe/Nanyang/Dah Sing. The big guys can apply for a foreign card Standard Chartered/HSBC.
Because the speed of fund mobilization is very important, bank securities are very popular!
If you have a lot of money, you can choose Standard Chartered HSBC. It is relatively easy to get the funds back.
A digression, if I can go to Hong Kong later, I might set up a BOCHK + Wing Lung Bank.
10. Precautions for the use of Hong Kong bank cards
Since Hong Kong banks and mainland banks are completely different systems, and foreign exchange operations are sensitive, improper use is easy to refuse the operation, and to block the card and freeze the card.
① Transit from Mainland Card to Hong Kong Card. My personal livelihood in the Mainland is the maximum of one cross-border remittance within 90 days to reduce operational risks. If you insist on increasing the number of times, apply for more Mainland cards;
② Transfer between Hong Kong Card and brokerage. Don't be too frequent. I personally need to operate 3 pens at most on this day. If you can do it, don’t move. If you can use a bank certificate, you can use a bank certificate.
Please comment and leave a message if you encounter any problems~