Documents Required for Opening Personal Accounts

Savings Accounts

Account types Passbook account Statement account
Currency types
  • HKD
  • US Notes
  • Multi-currencies (including RMB, AUD, GBP, CAD, EUR, JPY, NZD, CHF and US TT)
  • HKD
  • Multi-currencies (including RMB, AUD, GBP, CAD, EUR, JPY, NZD, CHF and US TT)
Basis on interest determined
(for both leap year and ordinary year)
  • HKD & GBP: 365 days a year on a simple basis
  • Other currencies:360 days a year on a simple basis
  • HKD & GBP: 365 days a year on a simple basis
  • Other currencies:360 days a year on a simple basis
Payment of interest
  • At the end of June and December
  • At month end
Minimum initial deposit for account opening
  • HKD#:1,000
  • Other currencies (except JPY):100
  • JPY:10,000
  • HKD#:1,000
  • Other currencies (except JPY):100
  • JPY:10,000

Minimum balance requirement

  • Nil

Interest rate

Dormant account charge

  • Nil

Rights of set-off

  • Yes (please refer to Account Rules for details)

Account closure

  • Visit any of our branches in person

Documents and information required for Opening of Personal Account

・Identification Document (Original)

NationalityIdentification required for account opening
HK Permanent Residents Hong Kong Permanent Identity Card
HK ResidentsHong Kong Identity Card and valid passport / travel document
Non- HK ResidentsValid passport / travel document

  • Residential address (Post Office Box is not acceptable)
  • Occupation and employment details
  • Purpose of account opening and the anticipated account activities
  • Source of wealth and source of funds

Where account is opened in-trust of another person, the above are also applicable to the beneficial owner of the account.

Important Notice

    • The above list may not be comprehensive, so there may be circumstances in which we ask you for further documents or information. If you have any questions about the list, or about our customer acceptance procedures, please visit any of our branches for enquiries.
    • The Bank reserves the right to decline any account opening application without providing any reason.
    • For fees and charges incurred on the account, please refer to “Bank Service Charges”.

 

# Senior citizens aged 65 or above, customers aged below 18, beneficiaries of Comprehensive Social Security Assistance (CSSA) Scheme or Normal or Higher Disability Allowance, disabled or visually impaired persons will be exempted from the minimum initial deposit requirement for account opening.

 

 

Current Accounts

Currency types
  • HKD
  • USD
  • RMB
Deposit interest
  • Nil
Minimum initial deposit for account opening
  • HKD#:500
  • USD:100
  • RMB:500

Minimum balance requirement

  • Nil
Overdraft interest
  • Prime rate + 10% p.a.

Handling charge on unauthorized overdraft

  • Please refer to the “Bank Service Charges”

Dormant account charge

  • Nil

Rights of set-off

  • Yes (please refer to Account Rules for details)

Account closure

  • Visit any of our branches in person

Documents and information required for Opening of Personal Account

  • Identification Document (Original)

NationalityIdentification required for account opening
HK Permanent Residents Hong Kong Permanent Identity Card
HK ResidentsHong Kong Identity Card and valid passport / travel document
Non- HK ResidentsValid passport / travel document

  • Residential address (Post Office Box is not acceptable)
  • Occupation and employment details
  • Purpose of account opening and the anticipated account activities
  • Source of wealth and source of funds

Where account is opened in-trust of another person, the above are also applicable to the beneficial owner of the account.

Important Notice

    • The above list may not be comprehensive, so there may be circumstances in which we ask you for further documents or information. If you have any questions about the list, or about our customer acceptance procedures, please visit any of our branches for enquiries.
    • The Bank reserves the right to decline any account opening application without providing any reason.
    • For fees and charges incurred on the account, please refer to "Bank Service Charges".

 

# Relevant service fee will be charged. For details, please refer to the "Bank Service Charges".



Fixed Deposit Accounts

Currency types
  • HKD
  • US notes / TT
  • RMB
  • GBP
  • AUD
  • CAD
  • EUR
  • JPY
  • NZD
  • CHF

Basis on interest determined
(for both leap year and ordinary year)

  • Interest shall accrue upon the daily balance of a deposit, calculated on the basis of the actual number of days elapsed (including the first day of the period during which it accrues but excluding the last)
  • HKD & GBP: 365 days a year basis
  • Other currencies:360 days a year basis
Payment of interest
  • Unless otherwise stated, payable on the maturity date of a fixed deposit
Proceeds of maturity
  • Renew both principal and interest
  • Renew principal and withdraw interest
  • Renew part of principal and withdraw the remaining of principal and interest
  • Withdraw both principal and interest

Withdrawal methods

  • Cash
  • Cashier order / demand draft#
  • CHATS #
  • Transfer to same currency savings / current account

Minimum deposit amount

  • HKD and RMB:5,000
  • JPY:100,000
  • Other currencies:1,000

Dormant account charge

  • Nil

Rights of set-off

  • Yes (please refer to Account Rules for details)

Interest rate applied on time deposits which have matured but have not been renewed or withdrawn

  • Nil

Early withdrawal

  • No interest shall be payable and a premature uplifting funding cost will be charged

Account closure

  • Visit any of our branches in person

Documents and information required for Opening of Personal Account

  • Identification Document (Original)

NationalityIdentification required for account opening
HK Permanent ResidentsHong Kong Permanent Identity Card
HK ResidentsHong Kong Identity Card and valid passport / travel document
Non- HK ResidentsValid passport / travel document

  • Residential address (Post Office Box is not acceptable)
  • Occupation and employment details
  • Purpose of account opening and the anticipated account activities
  • Source of wealth and source of funds

 

 

Where account is opened in-trust of another person, the above are also applicable to the beneficial owner of the account.

Important Notice

    • The above list may not be comprehensive, so there may be circumstances in which we ask you for further documents or information. If you have any questions about the list, or about our customer acceptance procedures, please visit any of our branches for enquiries.
    • The Bank reserves the right to decline any account opening application without providing any reason.
    • For fees and charges incurred on the account, please refer to "Bank Service Charges".

 

# Relevant service fee will be charged. For details, please refer to the "Bank Service Charges".