Minimum opening deposits, balance thresholds and account fees vary by bank and product. Check the account’s current tariff and how any balance requirement is calculated before applying.
Three different amounts to check
- Opening deposit: money requested when the account is opened. Ask when it must arrive and whether it remains available for business payments.
- Ongoing account condition: a product may require a balance or other continuing eligibility conditions. Confirm what happens if those conditions cease to be met.
- Fee-waiver threshold: an account may remain open below the threshold but incur a service charge. Ask whether the provider uses a daily balance, a monthly average or a wider relationship balance.
A single bank's tariff cannot establish the cost of every Hong Kong business account. Use the exact current tariff for the product being considered, including the effective date and any introductory conditions.
Compare the costs your business will actually incur
Look at monthly maintenance, foreign-currency conversion, local and international transfers, payment limits and any inactive-account charges. Check which introductory waivers expire and whether additional services are charged separately. Consider the cash tied up in a balance requirement alongside the headline fee.
Ask the provider to confirm the current tariff and any conditions in writing. Account reviews and requests for updated company information are separate from fee calculations.
IMSG can provide company records and certified company documents within an agreed scope; broader application or bank-review assistance is separately agreed. Read our business-account application guide for the preparation checklist.