Traditional Providers
Open a Hong Kong Dollar Business Account
Open an HKD business account and operate across Hong Kong with confidence. Get local Hong Kong account details with access to CHATS, FPS, and SWIFT. Send, receive, and hold HKD with clear control over every transaction.
Reduce FX friction and simplify international transfers
Local account details in your company’s name
Access local payment rails for domestic payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Hong Kong Dollar
Currency name
HKD
ISO code
HK$
Currency symbol
What’s Included with Your Hong Kong Dollar Business Account
A dedicated HKD account embeds you into Hong Kong’s domestic payments fabric, removes friction with Asian counterparties, and lets treasury decide when to convert, not the corridor.
Key Benefits
Account in your company’s name with unique details for clean receivables and payables.
Local rails: CHATS for high-value settlement and FPS for instant HKD credits 24/7.
Global reach via SWIFT for international HKD and multi-currency flows.
Unified platform with role-based permissions, approvals, and audit trails for controlled, auditable operations.
The Risk of Not Having a Hong Kong Dollar Business Account
Without a HKD account, international corporates face costs, delays, and credibility issues when engaging with counterparties in Hong Kong. Treasury outcomes become reactive, not controlled.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer HKD transfers to domestic accounts.
Compliance hurdles:
Paying taxes and payroll without a HKD account can be challenging.
Who We Serve
Our HKD Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies expanding into Hong Kong to established global organisations managing complex operations.
Global Corporates
Centralise HKD receivables, fund suppliers and payroll, and align HKD costs with HKD revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in HKD with role-based approvals and clear audit trails.
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Private Equity
Efficient HKD flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet HKD management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open a Hong Kong Dollar Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and HKD flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
HKD account in your company’s name, with CHATS and FPS enablement and SWIFT connectivity.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Hong Kong Dollar Business Account - FAQs
Opening a HKD account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.