How to Open a Citibank Bank Account Online?

 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 bank account opening.

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 for their Hong Kong Bank Account Opening 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.