1. Hang Seng Bank is a subsidiary of HSBC, HSBC is the largest shareholder of Hang Seng Bank , both belong to the same system
2. HSBC`S Activation Fee is higher
3. The Services Charge are generally same
4. Opening Account Prcoess, Required Documents, Audit Requirement, Handle Time,are generally same.
HSBC
Search fee of opening Hong Kong Account : 150 HKD
Search fee of opening Oversea Comany Account :
Member states of Financial Action Task Force on Money Laundering(FATF): 5000 HKD
Non-member states of FATF: 10,000 HKD
Activation Fee (Personally handle in Hong Kong ) : 1000 HKD
Activation Fee (Online Video conference in China Mainland ) : 3000 HKD
Initial Capital : 10,000 HKD
Remittance
No service fee between Hong Kong local HSBC
Transfer Between Hong Kong Local Banks : 55 HKD / T
Transfer to Members of the HSBC Group in China Mainland : 85 HKD / T
Transfer to other banks in China Mainland: 115HKD / T
Transfer to other oversea banks : 115 HKD / T
Transfer from oversea banks to HSBC : 65 HKD / T
Management Fee
Total Financial Value >= 50,000 HKD Free
Total Financial Value < 50,000 HKD 100 HKD / Month
Hang Seng Bank
Part 1 CO SEARCH FEE
for Locally-Registered Companies , the CO SEARCH FEE 100 HKD
for Oversea Companies : 2000 HKD at least
If applying with Online Video Conference in Mainland China : 1000 HKD
Suggestion initial deposit : 10,000 HKD to 50,000HKD
Part 2 AC ADMIN FEE
If presenting in Hong Kong Hang Seng Bank branch in person ,1000 HKD
If applying with Online Video Conference in Mainland China : 3000 HKD
Remittance Handling Fees
Transferring to other Hong Kong local bank accounts : 55 HKD / T
Transferring to Hang Seng bank accounts in Mainland China / Macau: 85HKD / T
Transferring to other bank accounts in Mainland China /Macau/Taiwan : 115 HKD / T
Transferring to other accounts in other countries : 115 HKD / T
Transferring from overseas bank accounts to HSBC accounts : 65 HKD / T
Management Fee
Total account balance >= 50,000 HKD Free
Total account balance < 50,000 HKD 180 HKD / Month
As a conclusion, we can see that the service charges of HSBC and Hang Seng Bank are nearly the same, only the management fee of Hang Seng Bank is slightly higher.
Hang Seng Bank : Beijing, Shanghai, Guangzhou, Shenzhen, Dongguan, Fuzhou, Nanjing, Hangzhou, Ningbo, Xiamen, Tianjin, Kunming, Foshan
HSBC : Shenzhen, Guangzhou, Hangzhou, Shanghai, Beijing, Qingdao, Suzhou, Chongqing
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