How to Open an Online Citibank Account

 Due to the ongoing COVID-19 conflict, the region has enforced limited foreign flights, making it difficult for global entrepreneurs to conduct business abroad, notably in terms of opening bank accounts.

However, Hong Kong company banks discovered a means to accommodate their customers, as follows:

Present the Fundamentals
HSBC, ICBC, Bank of China, and Citibank all ask applicants to complete an online application form and send a scanned copy of their documents with signatures attached, as well as:

• A Hong Kong registered physical address
• Certificates of incorporation
• Business Registration Certificate certified true copy

The KYC (Know Your Client) Process

Take note of the time-consuming and lengthy process that local and foreign banks go through to correctly filter applications and determine their clients’ financial sources.

You must prepare the following to increase your chances of approval:

• A personal KYC certificate
• All directors, beneficial owners, and shareholders who possess 10% or more of the company’s shares must submit a certified true copy of their passports.
• References from banks

Time to Process
Due to the current global situation, it is important to keep in mind that banks will take up to 8 weeks to confirm an appointment with their applicants.