Hang Seng Bank (Stock Code: 0013.HK), one of the four major banks in Hong Kong, is renowned for its robust cross-border financial services and professional wealth management. Closely aligned with HSBC Group, Hang Seng Bank has a significant presence in both the Hong Kong and Mainland China markets.

As a member of the HSBC Group, Hang Seng Bank focuses on providing comprehensive banking services to customers in Hong Kong and Mainland China. Its advantage lies in the support of HSBC's global network, allowing customers to conveniently use shared ATM networks and cross-border financial services.

Key Businesses of Hang Seng Bank

1. Prestige Private Banking Account:

   • Tailored for high-net-worth clients, requiring a total relationship balance of at least HKD 8 million.
   • Offers exclusive wealth management services, personal financial advisors, and waivers on numerous banking service fees.
   • Includes privileged healthcare services and multiple special benefits.

2. Prestige Banking Account:

   • Requires a total relationship balance of at least HKD 1 million.
   • Provides access to Prestige Banking Centers and features such as the fee-waived Prestige World Mastercard.

3. Preferred Banking Account:

   • No minimum account balance requirement and no monthly fees.
   • Offers various discounts on credit cards and banking products, suitable for clients with basic financial management needs.

4. Cross-Border Wealth Management Connect Account:

   • Targeted at Greater Bay Area residents, requiring a family financial net asset of at least RMB 1 million.
   • Supports multi-currency deposits and subscription to specific investment products.

Account Opening Requirements and Processes

Account Opening Requirements

Hang Seng Bank sets different account opening requirements based on clients' financial conditions and needs, primarily determined by their total relationship balance (including deposits, securities, funds, loan amounts, etc.) to classify account types and related preferential conditions. Specifically:

1. Prestige Private Banking Account:

   • Requires a total relationship balance of HKD 8 million or above.
   • Provides exclusive personal financial advisors and waivers on multiple financial service fees, including free online transfers to Mainland China.

2. Prestige Banking Account:

   • Requires a total relationship balance of HKD 1 million or above.
   • Offers services from Prestige Banking Centers, a fee-waived Prestige World Mastercard, and other privileges.

3. Preferred Banking Account:

   • No minimum opening balance requirement or monthly fees.
   • Provides discounts on various credit cards and banking products, suitable for clients with basic financial management needs.

4. Cross-Border Wealth Management Connect Account:

   • Targeted at Greater Bay Area residents, requiring a family financial net asset of at least RMB 1 million.
   • Supports deposits in RMB, HKD, and foreign currencies, as well as subscription to specific investment products.

Account Opening Process

Hang Seng Bank offers a diverse range of channels for opening accounts:

• Opening an Account at a Hong Kong Branch: Visit any Hang Seng Bank branch in Hong Kong, submit required identification documents and necessary materials, and complete the process with assistance from bank staff.

• Online Appointment for Account Opening: Make an appointment through the Hang Seng Bank website, select a branch and appointment time, fill in relevant information, and await confirmation.

• Witnessed Account Opening at Mainland China Branches: Available in major cities such as Guangzhou, Shenzhen, Beijing, and Shanghai, allowing clients in Mainland China to complete the process locally.

• Mobile Account Opening Service: For Hong Kong ID cardholders, use the Hang Seng Bank mobile app to open an account remotely by uploading ID and a selfie, and filling in personal details.

Remittance Service Recommendations

Overall, Hang Seng Bank not only provides a diverse range of banking products and services but also focuses on personalized customer experience and financial management.

For clients seeking to open a bank account in Hong Kong, it is recommended to choose Hang Seng Bank based on a detailed comparison of personal financial status and service needs.

Summary and Recommendations

In conclusion, Hang Seng Bank, with its diverse banking products and professional wealth management services, caters to the personalized needs of various clients.

For those planning to open a bank account in Hong Kong, it is advisable to select the appropriate account type based on their financial status and service requirements.