Bank of China (HK) Limited, one of the three note-issuing banks in Hong Kong, offers a wide range of banking services to the public. Whether it's foreign exchange remittance, securities trading, or loans, Bank of China can meet customers' various financial needs.

Mobile Account Opening

Nowadays, applicants can open accounts through Bank of China's mobile wealth management application. Compared with other banks, Bank of China provides more flexibility in mobile account opening, allowing the use of mobile phone numbers and addresses from mainland China, Hong Kong, Macau, Malaysia, Indonesia, the Philippines, Vietnam, Thailand, Brunei, Canada, and Australia. Applicants need to meet the following conditions:

• Do not hold any personal or joint savings or current accounts with Bank of China (Hong Kong).
• Be at least 18 years old.
• Hold a Hong Kong Identity Card.
• Nationality is in mainland China, Hong Kong, or Macau.
• Provide a valid mobile phone number, address, and email address.
• Provide tax resident identification number and other information.

Account Opening Channels

In addition to mobile account opening, Bank of China also provides traditional account opening channels. Customers can choose to open accounts at Hong Kong branches or make an online appointment for account opening and then submit account opening documents at branches to save waiting time. During the account opening process, the following original documents are required:

• Identity proof documents, such as Hong Kong Permanent Identity Card, passport, or cross-boundary travel permit.
• Proof of address for the past three months.

Different Account Types

Bank of China offers various types of accounts, each with different service characteristics:

• Private Wealth Account: Enjoy the service of senior relationship managers and access to private wealth centers.
• Bank of China Wealth Management Account: Have exclusive relationship managers, dedicated counters, and preferential services.
• Intelligent Wealth Management Account: Enjoy exclusive counters and preferential services, providing currency exchange discounts and other services.
• Free Wealth Management Account: Provides diversified monthly stock purchase plans and other services.
• Hong Kong Dollar Savings and Current Accounts: The most basic account type, providing current savings accounts and current accounts.

The comprehensive financial value requirements for different account types are different, as follows:

• Private Wealth: HKD 8 million.
• Bank of China Wealth Management: HKD 1 million.
• Intelligent Wealth Management: HKD 200,000.
• Free Wealth Management: HKD 10,000.

Account Opening Process

If customers open accounts through mobile, and submit the application and successfully open the account during the bank's service hours, they can usually use the account immediately. The bank card will be sent out after the successful opening of the mobile account, generally within four working days to the registered address of the customer. If customers choose to open accounts at branches, the bank will mail the bank card to the customer's address within several working days.

The steps include:

1. Download and open the Bank of China (Hong Kong) mobile banking application.
2. Select "Open Account" on the homepage.
3. Scan the Hong Kong Identity Card for identity verification.
4. Confirm identity through facial recognition.
5. Enter mobile phone number and set up online banking username and password.
6. Fill in basic personal information and other details.

Remittance Service Selection

For customers who frequently need to remit funds overseas, in addition to considering bank remittance services, they can also choose other remittance services.For example, Wise uses the market mid-rate and provides transparent remittance fees and exchange rates, which can save customers' remittance costs and time.

Therefore, when choosing remittance services, customers can consider different options based on their own needs and budgets.