News: Open account in DBS BANK
The cost of opening an account:
From 1450 EUR
The cost of opening an account:
From 1450 EUR
General information
Name
DBS Bank
Country
Hong Kong
Official site
https://www.dbs.com.hk/index/default.page
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.
Employees
English
Security
High
Presentation
Account
Terms of opening for admission (days):
14
Opening terms for cancellation (days):
14
Recommendations:
Требуется
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)
Rating
Country Rating:
4
Terms
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
:
2026 €
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
