Accounts

What services does HSBC provide?

We provide you with additional statements, certificates of balances, signature witnessing, certified true copies services and more.

Can I open a personal savings account in an HSBC branch in mainland China while I am in Hong Kong?

Yes, you can approach the International Banking Centre of the HSBC Main Branch in Hong Kong for assistance in applying for account opening. The account opening would be subject to the Bank's final approval and compliance with the relevant regulations of mainland China. Please contact the International Banking Centre of The Hongkong and Shanghai Banking Corporation Ltd in Hong Kong for details:

International Banking Centre HSBC Main Building , Level 6 1 Queen's Road Central, Hong Kong SAR

Tel: +852 2233 3888

Any difference in handling account opening for RMB HK Remittance Account and RMB Settlement Account?

	RMB HK Remittance Account	RMB Settlement Account
Who is eligible for it?	HKID or Macau ID holders	Local Chinese residents, Foreigners, residents of HK SAR, Macau SAR or Taiwan
Joint account available?	No	Yes, but the account holders must be direct relatives.
What form need to be completed?	Customer need to sign on“ Customer Information/Sole Account Opening Form(including the Appendix)” and tick "CNY HK Remittance Account" in the "Choice of account" section	Customer need to complete “Customer Information/Sole Account Opening Form(including the Appendix)” and “RMB Settlement Account Opening Form”
How to differentiate them in account numbers?	The first 9 digits are the same as that for RMB Settlement Account. Suffix is 054	Suffix is 050

Any difference in account operation for RMB HK Remittance Account and RMB Settlement Account?

	RMB HK Remittance Account	RMB Settlement Account
Can receive RMB remittance from the same name account in HK or Macau?	Yes	No
Can receive RMB remittance from Joint Account in HK or Macau?	No	N/A
Can the remittance supported by HSBC HK PIB?	Yes	N/A
Any daily limit for the RMB remittance from HK/Macau?	The daily limit is CNY80K	N/A
Any charges for the RMB remittance from HK/Macau?	For remittance into HBCN accounts, HKD130 will be charged by HSBC HK. No charge will be collected by HBCN.	N/A
Does it support RMB local transfer?	No	Yes
Does it support RMB transfer between 054 & 050 accounts?	No	Yes
Does it support RMB cash withdraw in branch?	Yes	Yes
Does it support RMB cash deposit in branch?	No	Yes
Does it support TMD placement?	Yes	Yes
Does HSBC Bank (China) provide Debit Card service?	No	Yes
Can the unused portion of the deposit in this account be remitted back to HK/Macau?	Yes, including the capital & interest	No
Any daily limit for RMB remittance back to HK/Macau?	No	N/A
Any charges for RMB remittance back to HK/Macau?	HBCN will charge according to standard CNAPS tariff. The clearing back (BOC HK) will charge CNY40. No charge will be collected by HSBC HK.	N/A
Does it support conversion from RMB to FCY?	No	Yes, such conversion should strictly comply with local regulations.

I have a personal foreign currency deposit account at a HSBC branch in mainland China. Is there any restriction on foreign currency notes withdrawal and remittance?

You can withdraw cash from foreign currency notes accounts or exchange accounts by giving two working days' notice. To remit funds abroad, you will need to provide relevant supporting documents. Both services are subject to the relevant regulations of mainland China. Please contact one of our customer service representatives on 800-830-2880 for detailed regulatory requirements. According to 'Measures for the Administration of Individual Foreign Exchange,' with effect from 1 February 2007, you can withdraw foreign currency cash from notes accounts or exchange accounts up to a daily accumulated amount of less than USD10,000. Amounts exceeding the USD10,000 limit require prior approval from the local State Administration of Foreign Exchange (SAFE) office. The bank shall, upon receipt of your valid identity certificate and the SAFE-approved 'Form for Withdrawing Foreign Currency Banknotes,' process foreign currency notes withdrawal.

Does HSBC provide cross-branch services?

Yes, we provide you with Renminbi cash withdrawals/deposits*, foreign currency notes withdrawals, foreign currency cash deposits, statement requests and certificates of balances services, across our branch network, regardless of which branch your account is maintained in.
*Renminbi cash withdrawals/deposits are for HSBC Premier customers only.