OCBC Bank Hong Kong occupies a leading position in the financial sector in Hong Kong and Singapore. OCBC Wing Hang Bank is known for its robust operational strategies and good financial health. During the use, I found that the APP of OCBC Bank in Hong Kong is very smooth and smooth, without any lag, and the account arrives on the same day from the mainland to Hong Kong, and the speed is also very fast. It took less than 2 minutes to enter Hong Kong Longbridge Securities from Hong Kong Overseas Chinese, which shows that the account speed is very fast, OCBC Bank in Hong Kong and OCBC Bank in Singapore are very relaxed and free, many people in the currency circle have said that there has been no problem with the use, very safe and stable, all Hong Kong banks have all the functions, the important thing is that you can open it without going to Hong Kong in the mainland, which greatly facilitates the needs of life and saves valuable time and energy.
OCBC Bank Hong Kong is a bank in Hong Kong and has little correlation with domestic banks. At the same time, OCBC Wing Hang Bank can accept more than 10 currencies, including US dollars, Australian dollars, Japanese yen, Swiss francs, Thai baht, British pounds and other currencies. The biggest advantage of opening OCBC Wing Hang Bank is that it is not highly related to other banks in the mainland, and for customers with overseas asset allocation, choosing OCBC Wing Hang Bank in Hong Kong can provide more security.
Easy account opening – reduce transportation and labor costs
Law firm witness locations: Shanghai, Beijing, Shenzhen, Guangzhou, Zhuhai, Nanjing, Chongqing, Jinan, Hangzhou, Changsha, Xiamen, SuzhouOCBC Bank Personal Card in Hong Kong – Brief Summary
Account opening process: information pre-examination – mailing materials – making an appointment with a lawyer to witness (1000 RMB) – sending back information – manager video call – waiting for the account to be closed
Processing time: about 3 weeks
Law firm witness locations: Shanghai, Beijing, Shenzhen, Guangzhou, Zhuhai, Nanjing, Chongqing, Jinan, Hangzhou, Changsha, Xiamen, Suzhou
Information: ID card, Hong Kong and Macau pass or passport
Account information: account number, password letter, encoder, bank card
Cards: There are physical cards;
Daily receipt and payment: 1 million HKD (foreign currency equivalent) transfer per day, unlimited receipt;
Management fee: Wealth Management is exempted from HKD 1 million or more; (200 HKD/month for failure to meet the requirements of the following month)
Handling fee: Handling fee waived for general wire transfer for Hongfu Wealth Management account, 10HKD/time for inter-bank transfer in Hong Kong;
FPS: Supported (no handling fee);
ATM cash withdrawal: Hong Kong ATM support (HSBC ATM support), mainland ATM support;
OCBC Wing Hang Bank in Hong Kong
1. Management fee: exempted in the first year, and can be waived if there is a capital flow of tens of thousands of Hong Kong dollars from the second year.
2. Transfer fee: No transfer fee.
Transfer limit: Local transfer: 500,000 yuan/day for designated transfers, 10,000 yuan/day for non-designated transfers;
Cross-border wire transfer: 2 million HKD for designated and 100,000 HKD for non-designated transfer.
1 What are the advantages of OCBC Bank Hong Kong?
1. As an international bank, OCBC Bank Hong Kong provides a high level of security and stability, creating a reliable protective barrier for funds.
2. OCBC Bank Hong Kong is not affected by mainland foreign exchange regulation, so the inflow and outflow of funds will be more free and smooth, further simplifying the cross-border capital flow process.
3. OCBC Bank Hong Kong’s multi-currency account not only includes the default US dollar and Hong Kong dollar, but also covers a variety of mainstream currencies such as New Zealand dollar, Australian dollar, Japanese yen, euro, euro, and British pound.
4. OCBC Bank in Hong Kong can transfer up to 1 million Hong Kong dollars in a single day, and large capital flows are completely sufficient.
5. OCBC Wing Hang Bank in Hong Kong is very friendly to the support of US stock brokerages and local brokerages in Hong Kong, and supports various methods such as online banking, FPS, EDDA, etc., and there is no handling fee for bank transfers in Hong Kong.
6. OCBC Bank Hong Kong can handle outward and inward remittances from Singapore or some African countries.
7. OCBC Bank Hong Kong has branches in first- and second-tier cities in China, including Beijing, Shanghai, Xiamen, Tianjin, Chengdu, Guangzhou, Shenzhen, Chongqing, Qingdao and other places.
2 OCBC Wing Hang Bank Mainland Law Firm witnessed the opening of the required materials
1. Local ID card, Hong Kong and Macao pass or passport within the validity period (valid for more than half a year);
2. Address proof (collective addresses need to provide additional address proof, and non-collective addresses can provide the address on the ID card);
3. If it is opened through a lawyer’s witness in the mainland, it can be opened with zero threshold and a time period of more than one month. But if it’s local in Hong Kong, it’s an hour.
3 Card opening process of OCBC Wing Hang Bank in Hong Kong
1. First, submit the KYC form to the manager for review, and make an account opening letter after the bank approves it.
2. After receiving the Hong Kong bank account opening letter, witness according to the list and address of the bank cooperative law firm provided;
3. Call the phone number on the law firm list in advance, choose a suitable lawyer to sign and witness on the spot, which takes about 5 minutes. After signing, the lawyer will organize all submitted materials and submit them to OCBC Bank Hong Kong.
4. OCBC Bank in Hong Kong will start to approve the materials after receiving the mailed materials, which will take about two weeks. After two weeks, you will receive a password letter and physical card and security device from Hong Kong.
- When the password is mailed to the mainland, customs clearance is required, and customs clearance needs to upload personal relevant information on DHL Express to speed up the customs clearance process (normal three days).
- According to the activation instruction manual issued by the manager, the online banking can be used normally after activation. Online banking activation requires a transfer of the same account to Hong Kong. This allows it to activate normally.
- After receiving the password, all limits can be adjusted to the maximum in the settings in online banking. In this way, there will be no restrictions on future transfers.
8. More precautions for using OCBC Bank in Hong Kong will be given in the activation word form within OCBC Bank in Hong Kong.
Hong Kong OCBC Wing Hang bank account tariffs are related
Management Fee:
Note: The equivalent of HK$100,000 is the minimum deposit, and there is no management fee for the account.
Less than 100,000 banks will charge a monthly management fee of 500 and an annual fee of 800 for overseas companies.
Remittance Fee:
OCBC Wing Hang Bank Account Search and Management Fee: The average daily deposit is less than USD5000 USD600/year, and the average daily deposit is higher than USD5000 can apply for waiver of this fee.
Online Banking: USD12/month (charged monthly, no exemption)
Credit: USD5/transaction (will be deducted from the account balance, not from the next amount)
Remittance: USD68-200 total fee (including intermediary bank fees)
Includes:
(1) The handling fee is charged at 0.1% of the remittance, with a minimum of USD25 and a maximum of USD150;
(2) Telegraph fee USD25/time;
(3) Intermediary bank (correspondent bank charge) fee of USD18 or 25/time (choose full payment, charge USD25)
Transfer Limits:
Limit of remittance on the day: 3 million Hong Kong dollars