Account

Biz Virtual+ Account

To empower you with both digital convenience and physical support

Biz Virtual+ Account Welcome offers

Enjoy 50% off for account opening administrative fee (HKD600), first 24-month fee waiver on monthly fee and more offers worth over HKD13,388. Open your account fully online in as fast as 3 days!

Details  

Digital Services

Open Account
Open Account
Application  

Note: Customer can submit an account application through online application platform, and eligible customer can apply Biz Virtual+ Account.

The Brand-New Choice – Biz Virtual+ Account:

The new Biz Virtual+ Account offers you a wide range of benefits:

Benefits        Features

Smart Banking Solutions

  • All-in-one account
  • Preferential pricing on Faster Payment System (FPS) services
  • Free online payroll services1
  • Up to 140 basis points2 exchange rate premium for major foreign currencies vs Hong Kong Dollars

Multi-Channel Access

  • Hang Seng Business e-Banking3
  • Hang Seng Business Mobile Banking4
  • Phone Banking Services
  • 24-Hour Self-Service Banking Channels
    • Automated Teller Machine
    • Cheque Deposit Machine
    • Cash Deposit Machine

Lower Operating Cost

  • Half waiver for administration fee for online application
  • Full waiver of monthly fee for the first 24 months 

Seamless Onboarding

  • 3 steps to open an account remotely in as fast as 3 business days5
  • Through our Business Banking Centre at the appointment time to enjoy our professional services

Notes:

  1. Free online payroll services include waivers on transactions fees and payment codes set up for less than 10 2nd party fee.

  2. The Bank reserves the right to change the above foreign exchange rate offers at any time. Before making the relevant transaction, please check with our staff for the effective exchange rate applicable to the transaction.

  3. Customer is required to apply for Hang Seng Business e-Banking separately, please contact our staff for details. The Maximum Daily Limit(s) under Hang Seng Business e-Banking either Fund Transfer to Designated Beneficiary Accounts or Fund Transfer to Non-Designated Beneficiary Accounts should not be over HK$200,000 each.

  4. Customer is required to apply services separately, please contact our staff for details.

  5. For eligible customer(s), the Biz Virtual+ Account can be opened in as fast as 3 business days upon performing e-Sign by customer. Customer(s) will receive a SMS notification for e-Sign after the: (1) satisfactory review of the documents submitted, (2) successful completion of digital ID verification and (3) completion of Know Your Customer (“KYC”) call(s). For customers requiring a face-to-face appointment at Business Banking Center(s) (if applicable), an appointment will be arranged based on the latest availability.

 

We offer you different account services to suit your business needs:

Account Status Biz Virtual+ Account 
Integrated Business Solutions Account
Business Model
Startups and Local SMEs1
SMEs and Well-established Corporates
Shortest Time for Account Opening

Opened in as fast as 3 business days

(Remote Account Opening Application)

Opened in as fast as 5 business days

(Remote Account Opening Application)

Monthly Fee
Waived for the first 24 months. From the 25th month, waived if Total Relationship Balance2 is HKD50,000 equivalent or above
Waived if Total Relationship Balance2 is HKD50,000 equivalent or above
Payment Services Privilege
Enjoy preferential pricing on Faster Payment System (FPS) payments3 Enjoy waiver on Cheque Book Issuance Fee4
Services & Fees

Smart Banking Solution with digital convenience and physical support (Trade Service is not applicable)

Know more about service fees

Comprehensive Banking Solutions to meet your sophisticated business needs

Know more about product features and service fees

Notes:

  1. Application Requirements: (i) All connected parties of the Customer such as directors, shareholders and authorized signers shall be as HKID cardholder(s), with single layer ownership. Place of incorporation, registered address, business address and correspondence address should all be in Hong Kong; (ii)The Customer’s annual sales turnover meets with Hang Seng’s designated level; (iii)The Customer is required to apply for Hang Seng Business e-Banking separately. The Maximum Daily Limit(s) under Hang Seng Business e-Banking either Fund Transfer to Designated Beneficiary Accounts or Fund Transfer to Non-Designated Beneficiary Accounts should not be over HKD200,000 each; and (iv) The Customer has not entered into and will not enter into the Trade Finance General Agreement with Hang Seng.

  2. The Total Relationship Balance is the monthly aggregate balance of the daily average of customer's deposits, gold accounts, securities, investment funds, utilized overdraft facilities, credit card cash advances and the outstanding balance of loans (except mortgage loan), trade finance (applicable for Integrated Business Solutions Account) and Hang Seng MPF Balance and the premium paid for the designated general insurance plans distributed by Hang Seng Bank as an agent for that month.

  3. Enjoy a half waiver on service charge for Biz Virtual+ Account on Outward Transactions Payment via Faster Payment System. Service charge of HKD5 per transaction for payment amount HKD100,000 above - HKD1,000,000. HKD2.5 per transaction for payment amount HKD100,000 equivalent or below.  RMB charges only apply to RMB transactions.

  4. Cheque Book Issuance Fee for Biz Virtual+ Account is HKD100 per cheque book, while Integrated Business Solutions Account enjoys a waiver.

 

*To borrow or not to borrow? Borrow only if you can repay!

Risk Disclosure

Investors should note that all investment involves risks. Prices of investment products may go up as well as down and may even become valueless. Investors should read in detail the offering documents and the Risk Disclosure Statement of the relevant investment products before making any investment decision. Capital Protected Investment Deposit and MaxiInterest Investment Deposit are not protected deposits and are not protected by the Deposit Protection Scheme in Hong Kong.

Foreign Currency Risk

Foreign exchange involves exchange rate risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts HKD to foreign currency or vice versa.

RMB Currency Risk

Renminbi ("RMB") is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that 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 and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.