I recently opened a Standard Chartered Business account in order to get a merchant account with them (which I am told is the only bank account I can use with Payment Express here in Hong Kong - which my software requires). Any opened the account and deposited my initial capital.
Went to apply for a credit card for the account and they said you had to have the bank account running with them for 3 years before considering you for a card - I was very surprised wondering how you could operate a business for 3 yrs without a card. Either way thought if push came to shove I could use my HSBC business card.
Upon applying for a merchant account, over the phone, I'm then told the same applies for a merchant account!!!
Is this right? And if so has anyone managed to get around it as I don't really have the time to keep switching accounts etc.