What Is a Current Account?
The current account records a nation's transactions with the rest of the world—specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments—over a defined period, such as a year or a quarter. According to Trading Economics, the quarter two 2019 current account of the United States was $-128.2 billion.
HKD Current Account
- Make payments easily with cheques.
- At-a-glance account statement listing all transactions clearly for your easy account reconciliation
USD Current Account
- Make day-to-day local payments in US dollars by cheques, saving time and remittance charges.
- At-a-glance monthly statements show full details of all your company’s transactions.
- Check your account balance and make transfers through Hang Seng Business e-Banking, Phone Banking, or Hang Seng HSBCnet services*
- The minimum account opening balance is just HKD2,000, or it's equivalent.
*Service registration at branches is required for the above channels
Renminbi Current Account
- At-a-glance monthly statements show full transaction details
- Facilitate various kinds of account transactions include cash deposits and withdrawals, account transfers, remittances / Local Interbank Transfer, issuing cheques to personal individuals or business partners, and two-way exchanges of RMB
- Allow fund transfers to self-named or third party accounts (including personal or commercial accounts) without limitation on transaction amount and purpose
More Ways to Manage Your Account and Business Effectively
- Manage your account through our Hang Seng Business e-Banking and enjoy its preferential banking privileges
- Please make use of our multiple banking channels to save up your administration time
- Find out from our wide range of payment solutions to suit your banking needs
RMB Currency Risk:
Renminbi (“RMB”) is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses if the customer subsequently converts RMB into another currency (including Hong Kong Dollars). Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible. RMB conversion may be subject to a specific policy, regulatory requirements, and restrictions (subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements, and conditions prevailing at the relevant time.
All the information set out in this web page is provided to the best of the Bank’s knowledge and understanding of the relevant laws, rules, regulations, directions, and guidelines governing or otherwise applicable to the Renminbi Current Account(s). Please refer to any updates that shall be published or issued by the Bank at any time and from time to time and any latest guidelines issued by the regulatory authorities. Please also visit the Bank’s branches or contact the staff of the Bank for the most updated information on the above.