Industrial and Commercial Bank of China (Asia) Limited (ICBC Asia) Limited (ICBC Asia) is the banking flagship of ICBC Corporation Limited (“ICBC”), the largest commercial bank in China by market capitalization. At present, it has 52 branches, 18 Wealth Management Account Centres and 4 Business Centres in Hong Kong. Its principal business is banking, finance and other finance-related services, with a focus on retail banking, commercial banking and corporate banking.
WeChat public account: ICBC Asia (Traditional), you can make an appointment.
Account: The comprehensive account has 0 management fee
ICBC Asia Bank Personal Account Opening Information:
1. Mainland resident ID card
The ID card within the validity period is fine, and the expired ID card should be replaced quickly. The address on your ID card can be different from your bank statement address.
2. Hong Kong and Macao permits within the validity period
3. Valid proof of address
Just have your name on the address certificate, and use a credit card statement on the mainland. The electronic version of the bank statement cannot be printed, so you must remember to bring the statement mailed by the bank with the official seal. A credit card statement is a proof of address accepted by the bank. The name on the bank statement must be the same as on your ID card, and it is not allowed to use someone else’s statement.
4. The small entry note printed at the port when entering the country contains your valid entry information
A note like the one in the picture below. Don’t throw this away, the bank clearly said that this is needed to open an account, and if not, it may refuse to open an account.
2. FAQ: Answers to common questions and corresponding questions
1. What is the reason for opening an account?
Just buy Hong Kong stocks, no extra reason. If you really have the need to buy an insurance policy and can take out supporting materials, do not mention it if you don’t have actual needs, so as not to be asked and unable to answer. However, you need to prove that you have a Hong Kong stock account and experience in stock investment. It is recommended to open a Hong Kong stock account before going to Hong Kong, so as not to be at a loss when asked by the account manager and finally be rejected from opening an account.
2. What materials are the most important?
Proof of address is the most important thing, don’t believe any news on the Internet that doesn’t require proof of address. ICBC Asia requires that the address on the bank statement must be proven to be a valid address, which means that you cannot throw away the envelope sent by the bank statement! !
3. Do I need to make an appointment in advance? What happens if I don’t make an appointment?
ICBC (Asia) can make an appointment online, and you must make an appointment before going to the branch to open an account. Make an appointment in advance, and before opening an account, the account manager also confirmed the appointment record. If you don’t make an appointment, it will give the account manager the feeling that you are here to open an account by the way, and it is very likely that you will make it difficult to open an account everywhere. The entire account opening process will last 20-30 minutes, especially the process of filling in the materials is very long, unlike the mainland, which is self-service bank card processing. Of course, account managers should filter out some customers who do not meet the requirements to avoid wasting time.
4. What will I get after the account opening is completed?
1. In addition to giving you a main account, you will also be given 7 sub-accounts, namely: Hong Kong dollar current, Hong Kong dollar savings, foreign currency savings, time deposits, US dollar exchange, RMB exchange, and RMB savings. Once the account is opened, it can be used on the spot.
2. A cipher is similar to that of ICBC in China. After the account opening is completed, there is an activation code for the password on the service notice given to you, which can be activated on the spot.
3. The password letter of the ATM card and the online banking account, if you open online banking, you have both. The first time you use online banking, you must log in to the computer client through the web page, and then you can operate it on your mobile phone.
4. ATM card This thing will be made and mailed to the address provided on your address certificate, and I was prompted to wait about a month when opening an account, but I waited for a week to receive it. This card is basically useless, we can send money to Hong Kong with a bank account, this card is mainly convenient for operating ATMs. Even if you go to the counter to deposit, you only need to provide your account number and ID card, and you don’t need a bank card.
5. Does ICBC Asia have online banking? Is it easy to use?
ICBC (Asia) has a web version of online banking and a mobile app. Whether it is the web version or the mobile app, the login and registration process is very close to the operating habits of mainland users, which can be said to be very great. However, the process of transferring money is similar to HSBC, and there will be an additional process of cryptography authentication.
One thing to note:
If you refuse directly, the chance of successful account opening is small, and if you are rejected, you can only go to other banks to handle it.
If you don’t want to be so troublesome and want to open an account successfully at one time, there are other channels to successfully open an account, and find an agency company to assist in the process, which can save time and costs.
1. The agency will hand over your information to the bank manager for review in advance;
2. Make an appointment for transit card application after passing the review;
3. No need to buy any financial products.