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Some of the best Hong Kong banks for foreigners:
1. HSBC Hong Kong: HSBC is the largest bank in Hong Kong and has a global presence. It offers a wide range of account products and services for personal and business customers, including multi-currency accounts, international transfers, wealth management, and more. HSBC also has a large network of branches and ATMs in Hong Kong and abroad. However, HSBC may have strict requirements for opening an account, such as proof of income, employment, and residence.
2. Hang Seng Bank: Hang Seng Bank is a subsidiary of HSBC and one of the leading banks in Hong Kong. It also provides various account options and features for personal and corporate customers, such as foreign currency accounts, time deposits, online banking, and more. Hang Seng Bank has lower minimum balance requirements than HSBC, but higher fees for falling below them.
3. Citibank: Citibank is one of the top international banks in Hong Kong and has a strong reputation for serving expatriates and foreigners. It offers a range of account products and services for personal and business customers, such as multi-currency accounts, global transfers, investment products, and more. Citibank also has a user-friendly online and mobile banking platform, as well as access to over 3,000 ATMs in Hong Kong.
4. DBS Bank: DBS Bank is based in Singapore and has a presence in 18 countries. It is known for its flexible and innovative services for SMEs and entrepreneurs, especially during the Covid-19 pandemic. It offers various account products and services for personal and business customers, such as multi-currency accounts, digital banking, trade finance, and more. DBS Bank also has competitive interest rates and exchange rates for different currencies.
5. Bank of East Asia: Bank of East Asia is one of the largest local banks in Hong Kong and has a long history of serving the community. It offers various account products and services for personal and business customers, such as foreign currency deposits, remittance services, e-banking, and more. Bank of East Asia also has lower minimum balance requirements than some other banks, but higher fees for falling below them.
