Personal accounts in Singapore\Hong Kong

maxmmm

Building Trust
Entrepreneur
All HK banks require personal visit.

" Do you know if I can create a bank account in China, from ICBC's branch in another country? "
I've seen branches of ICBC in other countries but no idea if you can open accounts there and if they will open you an account in China - I guess that the answer is no.
 

zeytin

Active Member
I managed to open Standard Chartered back in 2012 in HK. Their online banking was so poor, I hardly transferred my 1000 USD initial deposit back to my local bank (it doesn't say how much it'll cost to send a Swift, so transaction fail etc)

It is probably closed due to inactivity and they were interested to sell me some investment products. I believe if you are desperate enough, you can always open an account with them if you accept investment products.

Perhaps they renovated their shitty online banking in the past 8 years.

PS: They refused to open a business account for my newly created HK company at that time (while Citibank accepted me because I had an IPB Citibank individual account at Singapore with some money in it). The guy told me the only way they're going to open a business account is if I get a better CPA for secretarial services (maybe he meant also a solid business plan with more details? I don't remember) plus they asked me to invest some percentage of Turnover with them into anything (stocks, timed deposits, etc). They were against withdrawing whole money in and out.
 

ontherun

Building Trust
Entrepreneur
WHen I tried to open with ICBC Asia they refused. I was considered too high risk. I came back a few months later with a Chinese girl who I gave CNY10000 so she would open the account, hand me the documents and go shopping or something. They opened it based on her documents and I've been using the account ever since. It's going quite well. The only danger was caused when I called their phone line one day and the person on the other side of the line noticed that the account was opened by a female, while I have a male voice doh948"" close call...
 

ontherun

Building Trust
Entrepreneur
BTW I was able to have the address changed to my Georgian address, and they do send letters and replacement cards to my Georgian address all the way from Hong Kong...
 

moneynetwork

Corporate Services
Business Angel
Mentor Group
Commercial Service
So you fooled a Chines Girl to get her documents and to open an account in her name, I wonder if she still is a live! It's the same model as often discussed on this forum with the homeless! You may have had a even better idea.

The question is how long this will work, I know China has a very good control of their people and monitor them almost 24/7/365.
 

zeytin

Active Member
Do you live in China or how did you managed to open an IPB account with Citibank? I tried them in a few different countries but never got success with it.
I opened it in Singapore back in 2011. Things were easy back then. Min deposit was 20k usd and they wanted you to deposit it in 90 days. When you fall back that amount, no problem. They started to charge 30 usd a month for balance less than that amount then increased to 50 USD. However, new requirements are much higher than that so they keep charging 50 usd a month but I'm happy to pay for it.
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
Yeah okay, back in 2011 it was possible to open a Cyprus bank account with darks in less then 20 min :D
I was watching and thinking the same thing. 2011 verse 2020 is night and day :confused:. 99% of the accounts I opened a decade ago I could not do so now.
 

ontherun

Building Trust
Entrepreneur
So you fooled a Chines Girl to get her documents and to open an account in her name, I wonder if she still is a live! It's the same model as often discussed on this forum with the homeless! You may have had a even better idea.

The question is how long this will work, I know China has a very good control of their people and monitor them almost 24/7/365.
I don't do anything remotely sketchy with the account. I mostly just collect deposit interest. I would like to manufacture spend so that I qualify for one of the Hong Kong VISA Platinum cards but this seemed to be difficult without being there
 
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