Sorry but if you even need to ask HR where to apply for a bank account frankly you're an Idiot.
Ignore the standard advice given that you will get paid a day earlier if you bank with Bank A as funds will reach your account earlier than with Bank B, Its total bull.
I have been an HSBC client for just over 10 years. My pay-roll account is still with them but I have started a gradual move to SCB where I have immediately started noticing differences in the service level. When I am done clearing my HSBC credit card bill (big one from last month's holiday) I will close all accounts with them have my (very low) salary paid into the StanChart account instead.
If customers throw their money at HSBC for these "services", shouldn't HSBC take it? After all, its purpose is to provide for its shareholders, not its customers.Another reason why HSBC are bastards!!
Last edited by Claire ex-ax; 23-08-2010 at 02:36 PM.
Try Hang Seng Enjoy Card. I got rejected by HSBC too when I first moved to HK. 6 months later I applied again and got approved.
I like the service from SCB.
Got a credit card from them once I told them the account was for payroll, the officer completed the form for me so all I had to do was to sign - upon the first month's salary being credited to the account, they sent the credit card. All in, took about a month from initial application.
Tried opening with HSBC but as I couldn't provide a proof of address, they'd turned me down. SCB was willing to accept a letter from my firm and I updated the address once I moved into my permanent home and had address proof.
Some folks like HSBC credit cards for the discounts etc they offer, so it really depends on what you plan to use the card for - discounts at certain shops / fall-back / sign-up gifts / mileage etc.
Your other option if you have an Amex is to transfer card location from your home to HK - that way your credit history remains unbroken too. The Amex platinum offers pretty good dining privileges and mileage programmes as well.
Last edited by anii; 23-08-2010 at 05:00 PM.