HSBC Hong Kong Business Account Review [2025]: Features, Fees & Alternatives

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HSBC is one of Hong Kong’s most established banks, regulated by the Hong Kong Monetary Authority. As part of the global HSBC Group, it offers businesses a traditional banking setup with multi-currency accounts, payments, deposits, financing, and in-branch support when needed.

Its Business Integrated Account is the bank’s main option for SMEs that want to handle everyday banking and multiple currencies together. The account combines current, savings, and time-deposit functions, supports 12 currencies, and includes both FPS for local transfers and SWIFT for international payments.

If you are considering HSBC for your business or comparing it with alternatives, this review breaks down how the account works, what the fees look like, and the types of businesses it generally suits best.

HSBC lists its business banking fees in a detailed commercial tariff covering account opening, monthly maintenance, local transfers, and international payments. The information is publicly available but spread across several sections, so businesses may need time to review the full list.

Below is a simplified view of the fees most SMEs will come across.

HSBC’s monthly fees depend on which plan you choose and how much money you keep in the account. Sprint starts with a 12-month fee waiver, while Business Direct and BusinessVantage charge a monthly fee unless you maintain the required balance. If your balance falls below the threshold, you’ll usually pay the standard monthly fee for your plan.

On the payment side, FPS transfers stay affordable, with free incoming payments and HKD 5 per outgoing transfer. Costs rise when you move into international payments. SWIFT transfers can become more expensive, and the final amount may be higher than expected if intermediary or receiving banks add their own charges.

Overall, HSBC’s pricing works best for businesses that can maintain steady balances and prefer the structure of a full-service bank. If your priority is predictable fees or you make frequent international transfers, digital platforms usually offer a simpler and more cost-efficient setup.

HSBC’s Business Integrated Account is built to help businesses manage payments and currencies in one place.

Below are the main features that most businesses will use.

Multi-currency Account

Businesses can hold and manage 12 currencies under one account, including HKD, RMB, USD, EUR, GBP, and JPY. This helps companies that earn or spend across multiple markets keep funds organised without opening separate currency accounts. 

It is especially useful for teams handling overseas invoices or regular client payments from abroad.

Local and International Payment

HSBC supports fast HKD and RMB transfers through FPS, giving businesses a straightforward way to send and receive local payments. For cross-border needs, the account connects to the SWIFT network so companies can pay suppliers or receive funds from partners overseas. 

This allows regional and international payments to run through a single account.

Digital Banking and Accounting Integrations

Most banking tasks can be completed online through Business Internet Banking and the HSBC HK Business Express app. Businesses can check balances, send payments, and track transactions without visiting a branch. 

For accounting, HSBC provides a direct feed to Xero that syncs transactions automatically, helping reduce manual reconciliation work.

HSBC allows some Hong Kong–registered companies to open a Business Integrated Account online, while others must complete part of the process in person at an HSBC Business Centre.

When documents are ready and the company structure is straightforward, onboarding is usually completed within a few working days.

Who Can Open?

HSBC supports most business types in Hong Kong, including:

• Limited companies
• Sole proprietorships
• Partnerships
• Clubs, societies, and associations
• Charitable or religious organisations

Online onboarding is only available for simple Hong Kong company structures. In most cases, this means the directors or signatories have Hong Kong Identity Cards, and the business does not have corporate shareholders.

Required Documents

Document requirements depend on the company type, but most applicants should expect to provide:

• Identification for directors, shareholders, and authorised signatories
• Proof of address for the individuals involved
• Business Registration Certificate or Certificate of Incorporation
• Constitutional documents, such as the Memorandum and Articles of Association
• Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) forms, where required
• Source of funds or source of wealth evidence, such as financial statements or bank records
• An initial HKD 10,000 deposit, usually provided by cheque for in-person onboarding

HSBC provides clear checklists for each entity type, which summarise the exact documents required.

There isn’t much public feedback that focuses specifically on HSBC Hong Kong’s Business Integrated Account. Most online reviews mix personal banking and general branch experiences, so they don’t provide a clear picture of what SMEs encounter day to day.

Because of this limited business-oriented feedback, it’s not easy to form a solid view of the overall experience.

If you want a clearer idea of what working with HSBC looks like, it helps to check a few practical points directly:

• Ask HSBC about support response times, servicing channels, and how payments are processed
• Review the official fee schedules and onboarding requirements
• Compare essential tasks such as SWIFT transfers, FPS payments, and account management with what other providers offer

This approach gives you a more grounded understanding than relying on scattered or incomplete online comments.