The cost of opening an account: From 1450 EUR

General information

Name:DBS Bank

Hong Kong

Official site:
Faunded:1 999
History:Singapore’s DBS bank acquired 10% of shares of Honk Kong’s Wing Lung Bank in 1992 but there was no further expansion. DBS Bank became fully operational in HK in 1999 when it purchased local Kwong On Bank (est. 1935). In 2001, DBS Bank acquired Guoco Groups’s Honk Kong shares - Dao Heng Bank and Overseas Trust Bank. Dao Heng Bank was founded in HK in 1921. In 1989, it has acquired Hang Lung Bank and Overseas trust Bank in 1993.
Shareholders:The Development Bank of Singapore


Terms of opening for admission (days):14
Opening terms for cancellation (days):14
Description of activity:Detailed
Account type:Corporate and personal.
Departure to the bank:Required
Required documents:Travelling passport; proof of address; residence permit or temporary registration in English; bank recommendation letter; business plan/aims; documents proving existince of business company; any additional documents required
Account opening, probability:Average
Particularities during account opening:Depending on type of business, the bank demands extra doc-s not included in standard package. All doc-s must be in English (if not, they can be officialy translated in English). Should have good knowledge of English or Chinese (no translators)


Country Rating:4


Balance, minimum:881 €
Limit of transfers (per month):Transactions above 50 000USD have to be clearly explained to the bank, otherwise it can freeze accounts and report to authorities.
An initial fee :2 026 €

Services and costs

Cost of translation:from 0,5 HK$
Cost of enrollment:from 0,5 HK$
Cost of account maintenance:None
Credit card restrictions:25 000 $ during daytime
Access to the account:Via phone and internet-banking
Bank services:Consumer credits, treasury, control of shares, broker operations. The bank can consider non-residents as clients
Bank cards:DBS Black Card; DBS Eminent Card; DBS COMPASS VISA; DBS Credit Card; Manulife Credit Card; CABLE Power VISA; DBS Pay Less VISA; DBS VISA Business Card; DG Privilege Card; Extravaganza Card; First Edible Nest Card
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Select Bank's namesort descending Price of account opening Established
DBS BANK 1450 EUR 1999
HSBC Bank (HK) PLC 1200 EUR 1865
Standard Chartered Bank Hong Kong 890 EUR 1859
Wing Lung Bank 1500 EUR 1933