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Opening a bank account - permanent id card

  1. #11

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    do you look Asian?


  2. #12

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    Quote Originally Posted by chichow
    do you look Asian?
    More importantly, Chinese and do you speak and can open the account fully in Canto.

    But you're treading on thin ice if you've declared ANYWHERE that you have an overseas passport and provided your HK ID card - consider the new reporting guidelines.
    Have a GeoExpat related problem - please create a support ticket.

  3. #13

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    Quote Originally Posted by shri
    More importantly, Chinese and do you speak and can open the account fully in Canto.

    But you're treading on thin ice if you've declared ANYWHERE that you have an overseas passport and provided your HK ID card - consider the new reporting guidelines.
    Sure the Chinese especially Cantonese would help but there are enough cases of overseas Chinese that I don't think that is as major of an issue.

  4. #14

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    Quote Originally Posted by chichow
    do you look Asian?
    Not in the slightest. And only used English to open the accounts.

    I have 2 passports, but haven't lived in either country for 20+ years.

    Makes you wonder how the new "reporting" system actually works...

    My guess is the bank does not need your passport details - they just report details of all accounts to a central HK gov database (privacy be damned ). The HK government then reports to other countries based on the immigration records they have for your HKID number.

    Or maybe participating countries just exchange everything. It would only be, at most, a few billion records to process all names on all global bank accounts looking for matches against the names of citizens, which nowadays is a trivial task anyway.

    So technically, the bank doesn't need your passport to "comply" - just proof that your name is correct which they can get from your HKID.

  5. #15

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    Quote Originally Posted by xhkge

    So technically, the bank doesn't need your passport to "comply" - just proof that your name is correct which they can get from your HKID.
    Thinking about it some more...maybe the only reason banks even ask about your residency, or proof thereof, is to protect themselves from appearing complicit in any tax evasion (given the heavy fines handed out in recent years). I really doubt banks selectively report any account details based on residency or other tax information your provide. They just export all the data to the gov and let them deal with it.

    But this is all guesswork...I know nothing of the facts.

  6. #16

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    Quote Originally Posted by xhkge
    Not in the slightest. And only used English to open the accounts.

    I have 2 passports, but haven't lived in either country for 20+ years.

    Makes you wonder how the new "reporting" system actually works...

    My guess is the bank does not need your passport details - they just report details of all accounts to a central HK gov database (privacy be damned ). The HK government then reports to other countries based on the immigration records they have for your HKID number.

    Or maybe participating countries just exchange everything. It would only be, at most, a few billion records to process all names on all global bank accounts looking for matches against the names of citizens, which nowadays is a trivial task anyway.

    So technically, the bank doesn't need your passport to "comply" - just proof that your name is correct which they can get from your HKID.
    https://www.scmp.com/news/hong-kong/...share-customer

  7. #17

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    Have a GeoExpat related problem - please create a support ticket.

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