How to Open a Citibank Account Online

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Because of the ongoing COVID-19 conflict, the region has imposed restrictions on foreign flights, making it difficult for global entrepreneurs to conduct business abroad, particularly in terms of opening bank accounts.

Hong Kong company banks, on the other hand, discovered a way to accommodate their customers, as follows:

Introduce the Fundamentals

HSBC, ICBC, Bank of China, and Citibank all require applicants to fill out an online application form and submit a scanned copy of their documents with signatures, as well as:

  • A physical address registered in Hong Kong
  • Incorporation certificates
  • Certified true copy of a business registration certificate
  • KYC (Know Your Client) Procedure

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

To increase your chances of approval, you must prepare the following:

  • A unique KYC certificate
  • All directors, beneficial owners, and shareholders who own 10% or more of the company's stock must provide a certified true copy of their passports.
  • Bank recommendations
Processing Time

Because of the current global situation, it is critical to remember that banks may take up to 8 weeks to confirm an appointment with their applicants.

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