How to Open an Online Citibank Account
With the ongoing battle with COVID-19, the region implemented limited international flights, making it difficult for global entrepreneurs to do their business overseas, particularly in Business Account Online.
But Hong Kong banks found a way to accommodate their clients, and you can Open Bank Account Online:
Present the Basics
Hong Kong banks like HSBC, ICBC, Bank of China, and Citibank requires their applicants to fill out their online application form and submit a scanned copy of the documents with the signatures attached and:
- A physical registered address in Hong Kong
- Company incorporation documents
- Certified true copy of Business Registration Certificate
The Know-Your-Client (KYC) Process
Take note of the tedious and lengthy process that local and international banks comply with to properly filter applications and establish their clients’ source of funds.
For a higher chance of approval, you must prepare the following :
- A KYC personal certificate
- A certified true copy of passports of all directors, beneficial owners, and shareholders who own 10% or above shares in the company
- Bank references
Processing Time
It is best to keep in mind that it will take 8 weeks before banks can confirm an appointment with their applicants due to the current global state.
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