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In this article, we would like to want to offer you a service that allows you to open a personal bank account in China Trust Commercial Bank (CTBC) in Hong Kong. The bank has been operating since 1996 and was previously known as China Securities Investment Corp. Today, the bank has 147 branches in Taiwan, and about 100 more branches located in Hong Kong, the USA, Canada, Japan, India, Indonesia, Thailand, Singapore, Vietnam, China, and the Philippines.
China Trust Commercial Bank (CTBC) in Hong Kong has significant assets – 2.2 trillion TWD, and another 1.7 trillion TWD is held on deposit. According to the reputable publication AsiaMoney, China Trust Commercial Bank (CTBC) is currently the leader or at least one of the top players of the banking sector in Taiwan.
China Trust Commercial Bank (CTBC) provides a wide range of banking services in Hong Kong and throughout Asia, including the following:
- Deposits;
- Money transfers;
- Currency exchange;
- Loans;
- Credit / debit cards;
- Bonds;
- Trusts;
- Tailor-made solutions for lending, financial advisory services, and structured finances;
- Asset Management;
- Personal banking;
- Expert financial planning.
Lately this financial institution has been actively engaged in attracting investments and financial resources.
Free selection
of personal bank accounts abroad for
persons depositing €5000+. Expert services
based on 7+ years of experience in banking.
of personal bank accounts abroad for persons depositing €5000+. Expert services based on 7+ years of experience in banking.
Accounts and Deposits at China Trust Commercial Bank (CTBC) in Hong Kong
The bank offers different services for corporate clients and individuals. More precisely, being based on the same mechanisms and procedures, they are in fact focused on different requirements and wishes. Realizing that it is impossible to please all clients, China Trust Commercial Bank (CTBC) in Hong Kong has set a relatively high entry threshold for clients interested in opening a personal account.
The minimum amount is HKD 300,000, but this does not mean that China Trust Commercial Bank (CTBC) in Hong Kong is a bank for the rich. In addition, the clients’ funds are not frozen on their account, as is often the case – they can be used. The relatively high threshold is quite understandable: it means that the bank seeks to attract clients who have a certain income, not those who want to open a personal account for specific short-term tasks and aren’t planning any long-term cooperation.
In addition, the real requirements for the minimum balance when opening a personal account with China Trust Commercial Bank (CTBC) are significantly lower – just 100 USD. Therefore, there is no extra “exclusivity” fee. The bank initially excludes certain categories of potential customers, but practically does not limit those who have already been able to open a personal account with China Trust Commercial Bank (CTBC).
The Bank offers a variety of deposit programs for a period of 1 to 60 months with a minimum balance of 1.500 USD, including a deposit program for retirees. You can learn more about the deposit programs available to you in one of the bank’s branches.
China Trust Commercial Bank (CTBC) in Hong Kong, interest rates on deposit programs:
| Deposit term / amount | 10,000 HKD – 99,999 HKD | 100,000 HKD – 499,999 HKD | 500,000 HKD – 999,999 HKD | 1 million HKD and more |
| Open a deposit for one day | – | – | 0.001% | 0.001% |
| Open a deposit for one week | 0.001% | 0.001% | 0.001% | 0.001% |
| Open a deposit for two weeks | 0.001% | 0.001% | 0.001% | 0.001% |
| Open a deposit for one month | 0.01% | 0.01% | 0.01% | 0.01% |
| Open a deposit for 2 months | 0.01% | 0.01% | 0.01% | 0.01% |
| Open a deposit for 3 months | 0.01% | 0.01% | 0.01% | 0.01% |
| Open a deposit for 6 months | 0.025% | 0.025% | 0.025% | 0.025% |
| Open a deposit for 9 months | 0.025% | 0.025% | 0.025% | 0.025% |
| Open a deposit for 12 months | 0.05% | 0.05% | 0.05% | 0.05% |
Other Popular Services of China Trust Commercial Bank (CTBC) in Hong Kong
A financial institution that offers only deposit programs is unlikely to enjoy consistently high popularity among its customers. In order to keep enjoying high demand, a bank must offer something more than the opportunity to deposit money at a certain interest rate. If you are interested in opening a China Trust Commercial Bank (CTBC) account in Hong Kong for this purpose only, you will only be using a small part of the available options. After all, becoming a client of CTBC, you can get much more. So, do not limit yourself in choosing the financial tools it has to offer!
Internet Banking at China Trust Commercial Bank (CTBC) in Hong Kong
- The most popular way to manage your personal account;
- Access to your money 24/7;
- Full control over your personal account;
- All the features of traditional banking, including payment for purchases, mortgage payments, utility payments, transfers, and electronic bank statements;
- Advanced mobile internet banking facilities at China Trust Commercial Bank in Hong Kong;
- Full support for OTA (Over The Air) technology, which allows you to operate the account you have opened with China Trust Commercial Bank (CTBC) in Hong Kong via a smartphone.
- Extreme security tools and protocols.
Credit Cards at China Trust Commercial Bank (CTBC) in Hong Kong
- Personalized cards – issued with the owner’s photo;
- Interesting bonuses through cooperation with the Wanlitong and GOMAJI platforms;
- Full support for the native pockii platform.
Mortgage with China Trust Commercial Bank (CTBC) in Hong Kong
- Responsive and qualified real estate buyers;
- Fixed interest rate;
- Opportunity to receive a mortgage for clients with a family after opening an account;
- Automatic payments at the request of the client.
Other Service Features of China Trust Commercial Bank (CTBC) in Hong Kong
- Only individual solutions and programs;
- Rent of individual safes / bank cells;
- Relatively quick account opening procedure with China Trust Commercial Bank (CTBC) in Hong Kong – no more than 2-3 weeks;
- All interaction with bank personnel is in English.
Procedure for Opening a Personal Account in China Trust Commercial Bank (CTBC) in Hong Kong
As we have already said, financial institutions in Hong Kong have tightened the rules for potential customers. For this reason, it is better to immediately forget about the idea of handling this task on your own. Firstly, you are highly unlikely to be able to open an account with CTBC Bank in Hong Kong this way – too many formalities make this option extremely dangerous. Secondly, you will not be able to significantly save your money or time, anyway. Therefore, it is better to contact the experts of the International Wealth portal now to get professional support.
Recommended Steps for Opening an Account with China Trust Commercial Bank (CTBC) in Hong Kong:
- Request our assistance in opening an account in China Trust Commercial Bank (CTBC) in Hong Kong. The easiest way to do this is via e-mail (info@offshore-pro.info), but you can use any available communication channel (options).
- Discuss the project with us. You tell us about the details of the project, your requirements and wishes. For our part, we analyze the case, discuss the list of additional services and services, your goals and points that may make it difficult to open an account with China Trust Commercial Bank (CTBC) in Hong Kong.
- Make the payment. If you are satisfied with our conditions, and we understand that we can really help you with opening the account, you pay the invoice in any convenient way (options)
- Put together the document package for opening an account. At this stage you are taking minimum effort, because our experts are doing all the necessary work (please read on for details).
Please note! The minimum fee for opening a personal account with China Trust Commercial Bank (CTBC) in Hong Kong is 900 USD. The fee may increase if your request involves additional work that was not originally foreseen. The fee already includes all the necessary consultations, the costs of organizing your meeting with an employee of China Trust Commercial Bank (CTBC) in Hong Kong, support during the interview, and personal participation of our partner in the meeting.
A package of documents for opening a personal account with China Trust Commercial Bank (CTBC) in Hong Kong
It is important to remember that the minimum package of documents can be extended at the request of the bank. In order to successfully open an account, not only additional documents may be required, but also some legal actions. That is why we indicate the minimum cost of the service. But in any case, if we undertake to fulfill your request, we will definitely follow through to its successful completion.
Basic documents for opening a personal account with China Trust Commercial Bank in Hong Kong:
- Your ID. The bank offers simplified rules for citizens of Hong Kong, China and Macau, but this is probably not your case. Non-residents of Hong Kong with no ties to China will need to provide a valid passport.
- Proof of your residence address. It is believed that you can open a bank account in Hong Kong only if you can submit a utility bill issued less than 3 months before your application date. This is not really true. Not only a bill will do, but also some other documents, and there are quite a lot of them – official correspondence with the bank, a housing lease agreement in Hong Kong, a contract to work in Hong Kong and some others. Our experts will provide you with a complete list.
Opening a personal account with China Trust Commercial Bank in Hong Kong – additional documents and information most often requested by the bank:
- Detailed information about employment;
- Proof of student status (if applicable);
- Purpose of opening the account;
- The reasons for which you want to open a personal account in Hong Kong and in China Trust Commercial Bank (CTBC);
- Initial and current sources of wealth and/or income;
- Estimated level of activity (amount on the account, number of transactions);
- Sources and description of funds you will use to open the account;
- Types of banking services that you will use after opening the account;
- Jurisdiction of residence / tax residence, tax identification number (if applicable);
- All residential addresses over the past year.
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What you should pay attention to:
- Copies of documents must be confirmed by your signature;
- If the residence address and permanent registration address do not match, two confirmations are required;
- If the document is in a language other than English or Chinese, a notarized translation will be required;
- Personal, corporate and commercial addresses are not allowed;
- Opening an account in any bank in Hong Kong (not only in China Trust Commercial Bank) in a remote format is completely impossible. At least one visit to Hong Kong will be required to complete the application and sign bank forms;
- Knowledge of English at a minimum level is highly desirable;
- You can open a personal bank account fairly easily if you permanently reside in Hong Kong, China or some other countries (Australia, New Zealand, Singapore, Taiwan, or countries of the European Union). In all other cases, the probability of failure will be high in any case;
- If you come from the countries that are “problematic”, sanctioned or not sufficiently advanced (from the point of view of the bank), your chances of opening a personal account with China Trust Commercial Bank (CTBC) in Hong Kong can be significantly increased if you can provide documentary evidence that you reside in one of the countries listed in the previous paragraph. First of all, this applies to countries that were previously part of the USSR / CIS.
China Trust Commercial Bank in Hong Kong has been providing high-quality banking services to its customers for almost 20 years. To get expert assistance and start the process of opening a personal account in this bank, please contact us via email at info@offshore-pro.info
