[{"data":1,"prerenderedAt":2278},["ShallowReactive",2],{"cms-ui-strings":3,"cms-site-settings":122,"cms-navigation":177,"cms-blog-post-template":833,"cms-blog-post-latest":896,"cms-blog-post:how-to-close-a-company-bank-account":937},{"_createdAt":4,"_id":5,"_rev":6,"_type":7,"_updatedAt":8,"allProvidersLabel":9,"announcementDismissLabel":10,"backToBlogLabel":11,"backToCaseStudiesLabel":12,"backToDownloadsLabel":13,"blogFaqLabel":14,"blogSearchPlaceholder":15,"blogSourcesLabel":16,"blogSummaryLabel":17,"brandHomeLabel":18,"breadcrumbNavigationLabel":19,"caseStudiesLabel":20,"caseStudyApproachLabel":21,"caseStudyBeforeAndAfterSectionLabel":22,"caseStudyChallengeLabel":23,"caseStudyClientLabel":24,"caseStudyCompanyInfoSectionLabel":25,"caseStudyCompanySizeLabel":26,"caseStudyCountryLabel":27,"caseStudyFocusLabel":28,"caseStudyFoundedLabel":29,"caseStudyFounderLabel":30,"caseStudyIndustryLabel":31,"caseStudySavePerYearSectionLabel":32,"caseStudySearchPlaceholder":15,"caseStudyWebsiteLabel":33,"chartDataTableHideLabel":34,"chartDataTableShowLabel":35,"comingSoonLabel":36,"comparisonSearchPlaceholder":15,"copyLinkLabel":37,"dataProtectionLabel":38,"downloadButtonLabel":39,"downloadSearchPlaceholder":15,"downloadsLabel":40,"emailPlaceholder":41,"errorPageBody":42,"errorPageBusinessAccountLabel":43,"errorPageCorporateCardLabel":44,"errorPageDestinationsHeading":45,"errorPageExpenseManagementLabel":46,"errorPageGlobalPaymentsLabel":47,"errorPageHeading":48,"errorPageHelpCentreLabel":49,"errorPageHomeLabel":50,"errorPageSupportBody":51,"errorPageSupportHeading":52,"errorPageSupportLinkLabel":53,"errorPageYieldLabel":54,"formErrorMessage":55,"formInvalidEmailMessage":56,"formInvalidPhoneMessage":57,"formInvalidUrlMessage":58,"formRequiredFieldMessage":59,"formSubmitLabel":60,"formSuccessMessage":61,"goToSlideLabel":62,"includedLabel":63,"language":64,"languageHeading":65,"latestArticlesLabel":66,"launchpadBusinessLocationLabel":67,"launchpadCompanySizeLabel":68,"launchpadFoundedLabel":69,"launchpadHeadquarterLabel":70,"launchpadIndustryLabel":31,"learnMoreLabel":71,"legalEffectiveFromLabel":72,"legalLastUpdatedLabel":73,"loadMoreLabel":74,"mainNavigationLabel":75,"market":76,"marketNames":77,"mostPopularLabel":93,"nextSlideLabel":94,"notIncludedLabel":95,"optionsLabel":96,"previousSlideLabel":97,"pricingFirstPlanFeaturesLabel":98,"pricingUpgradePlanFeaturesLabel":99,"ratingLabel":100,"readCaseStudyLabel":101,"readingTimeLabel":102,"recommendedLabel":103,"regionHeading":104,"regionSelectorLabel":105,"savedPerYearLabel":106,"shareOnFacebookLabel":107,"shareOnLinkedinLabel":108,"shareOnXLabel":109,"sharePostLabel":110,"supportedByLabel":111,"tableOfContentsLabel":112,"titleBrandSuffix":113,"toggleMenuLabel":114,"videoMuteLabel":115,"videoPauseLabel":116,"videoPlayLabel":117,"videoSeekLabel":118,"videoSoundPrompt":119,"videoUnmuteLabel":120,"viewAllCategoriesLabel":121,"viewAllProductsLabel":121},"2026-08-19T09:49:07Z","uiStrings-HK","N1G5rtOZj8187JlhVHQSZZ","uiStrings","2026-10-06T09:44:32Z","All","Dismiss announcement","Back to Blog","Back to Customer Stories","Back to Reports & Insights","Frequently Asked Questions","Search","Sources","Summary","Aspire home","Breadcrumb","Customer Stories","After Aspire","Before and after Aspire","Before Aspire","Company","Company info","Company size","Country","Case study focus","Founded","Founder","Industry","Save per year","Website","Hide data table","Show data table","Coming soon","Copy link","Data protection:","Download now","Downloads","Enter your work email","The page you're looking for doesn't exist or has moved. Let's get you back on track.","Business accounts","Corporate cards","Popular destinations","Expense management","FX and payments","Page not found","Help centre","Back to homepage","Explore our Help Centre for detailed guides, step-by-step instructions, and more support topics.","Not finding what you need?","Go to Help Centre","Yield","Oops! Something went wrong while submitting the form.","Email must be formatted correctly.","Please enter a valid phone number.","Please enter a valid website address.","Please complete this required field.","Get started","Thank you! Your submission has been received!","Go to slide {index}","Included","en-HK","Language","Latest articles","Business locations","Company Size","Founded in","Headquarter","Learn more","Effective from","Last updated","Load more","Main navigation","HK",[78,82,85,88,90],{"_key":79,"_type":80,"label":81,"market":79},"SG","marketName","Singapore",{"_key":83,"_type":80,"label":84,"market":83},"US","United States",{"_key":86,"_type":80,"label":87,"market":86},"AU","Australia",{"_key":76,"_type":80,"label":89,"market":76},"Hong Kong",{"_key":91,"_type":80,"label":92,"market":91},"NL","Netherlands","Most popular","Next","Not included","Options","Previous","What you get","Everything in {planName}, plus","{rating} out of {max} stars","Read the case study","{minutes} min read","Recommended","Region","Change country\u002Fregion","Saved per year","Share on Facebook","Share on LinkedIn","Share on X","Share this post","Supported by","Table of contents","Aspire Hong Kong","Toggle menu","Mute","Pause","Play","Seek","Click for sound","Unmute","View all",{"_createdAt":123,"_id":124,"_rev":125,"_type":126,"_updatedAt":127,"announcementBar":128,"baseUrl":137,"defaultSeo":138,"defaultSocialShareImageUrl":143,"footer":148,"footerLegalParagraphsRich":171,"language":64,"market":76,"mobileApp":172,"siteName":175,"studioVersion":176},"2026-08-19T09:49:04Z","siteSettings-HK","1za1AgGXrJWIU5rVtuzGqU","siteSettings","2026-09-30T04:44:27Z",{"enabled":129,"link":130,"text":136},true,{"_type":131,"internal":132,"label":71,"linkType":135},"link",{"_ref":133,"_type":134},"page-HK-aspire-for-startups","reference","internal","🚀 Aspire for Startups: Get up to HK$12,000 in cashback, priority onboarding and dedicated founder community at your fingertips.","https:\u002F\u002Faspireapp.com",{"_type":139,"metaDescription":140,"metaTitle":141,"noIndex":142},"seo","Multi-currency business account for start-ups & SMEs: manage company spend, receivables & payables, invoices, corporate cards & cross-border payments.","All-in-one Finance For Growing Businesses - Aspire Hong Kong",false,{"_type":144,"alternativeText":141,"height":145,"url":146,"width":147},"imageUrl",630,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F85140fd22c0db3172ae945de0be80088\u002F6a2a1981af5bb2a3932ee5cb_brand-2.0-website-preview-image.webp",1200,{"copyright":149,"legalParagraphs":150,"socialLinks":154},"© 2026 Aspire FT Pte Ltd. All rights reserved.",[151,152,153],"In Hong Kong, AFT HK Limited is registered in Hong Kong (75317450-000) and a money service operators licensed by the Hong Kong Customs and Excise Department.","Yield is being provided by AFT HK Treasury Limited (“AFT Treasury”) in Hong Kong. AFT Treasury is licensed by the SFC (CE number: BWA638) to carry on Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) regulated activities. AFT Treasury is currently only providing Type 1 and Type 4 services to customers but will provide Type 9 services in the future.","^1.2% cashback applies to all eligible spend made with the Corporate Card. Terms and conditions apply. See cashback policy here.",[155,161,166],{"_key":156,"_type":157,"label":158,"platform":159,"url":160},"social-linkedin","socialLink","Aspire on Linkedin","linkedin","https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002Faspireapp-global\u002F",{"_key":162,"_type":157,"label":163,"platform":164,"url":165},"social-instagram","Aspire on Instagram","instagram","https:\u002F\u002Fwww.instagram.com\u002Faspireapp.global\u002F",{"_key":167,"_type":157,"label":168,"platform":169,"url":170},"social-x","Aspire on X","x","https:\u002F\u002Fx.com\u002Faspireappglobal",null,{"rating":173},{"value":174},4.5,"Aspire","2026.10.8",{"_createdAt":178,"_id":179,"_rev":180,"_type":181,"_updatedAt":182,"footerGroups":183,"getStartedLink":432,"header":434,"language":64,"loginLink":454,"market":76,"megaMenu":457},"2026-08-19T09:49:06Z","navigation-HK","h7jyTqsbY1egLREo26ypdZ","navigation","2026-10-07T09:10:31Z",[184,218,278,325,375,406],{"_key":185,"_type":186,"links":187,"title":217},"footer-x","footerGroup",[188,196,203,210],{"_key":189,"_type":131,"internal":190,"internalTarget":192,"label":195,"linkType":135},"f-business-account-0",{"_ref":191,"_type":134},"page-HK-business-account",{"_type":193,"slug":194},"page","business-account","Business Account",{"_key":197,"_type":131,"internal":198,"internalTarget":200,"label":202,"linkType":135},"f-expense-management-1",{"_ref":199,"_type":134},"page-HK-expense-management",{"_type":193,"slug":201},"expense-management","Expense Management",{"_key":204,"_type":131,"internal":205,"internalTarget":207,"label":209,"linkType":135},"f-corporate-card-2",{"_ref":206,"_type":134},"page-HK-corporate-card",{"_type":193,"slug":208},"corporate-card","Corporate Card",{"_key":211,"_type":131,"internal":212,"internalTarget":214,"label":216,"linkType":135},"f-global-payments-3",{"_ref":213,"_type":134},"page-HK-global-payments",{"_type":193,"slug":215},"global-payments","Global Payments","Products",{"_key":219,"_type":186,"links":220,"title":277},"footer-productsbusiness-accountexpe",[221,228,235,242,249,256,263,270],{"_key":222,"_type":131,"internal":223,"internalTarget":225,"label":227,"linkType":135},"f-bulk-payments-0",{"_ref":224,"_type":134},"page-HK-bulk-payments",{"_type":193,"slug":226},"bulk-payments","Bulk Payments",{"_key":229,"_type":131,"internal":230,"internalTarget":232,"label":234,"linkType":135},"f-budgets-1",{"_ref":231,"_type":134},"page-HK-budgets",{"_type":193,"slug":233},"budgets","Budgets",{"_key":236,"_type":131,"internal":237,"internalTarget":239,"label":241,"linkType":135},"f-claims-2",{"_ref":238,"_type":134},"page-HK-employee-claims",{"_type":193,"slug":240},"employee-claims","Claims",{"_key":243,"_type":131,"internal":244,"internalTarget":246,"label":248,"linkType":135},"f-multi-user-access-3",{"_ref":245,"_type":134},"page-HK-multi-user-access",{"_type":193,"slug":247},"multi-user-access","Multi-user Access",{"_key":250,"_type":131,"internal":251,"internalTarget":253,"label":255,"linkType":135},"f-invoice-management-4",{"_ref":252,"_type":134},"page-HK-invoice-management",{"_type":193,"slug":254},"invoice-management","Invoice Management",{"_key":257,"_type":131,"internal":258,"internalTarget":260,"label":262,"linkType":135},"f-receivable-management-5",{"_ref":259,"_type":134},"page-HK-receivable-management",{"_type":193,"slug":261},"receivable-management","Receivable Management",{"_key":264,"_type":131,"internal":265,"internalTarget":267,"label":269,"linkType":135},"f-payable-management-6",{"_ref":266,"_type":134},"page-HK-payable-management",{"_type":193,"slug":268},"payable-management","Payable Management",{"_key":271,"_type":131,"internal":272,"internalTarget":274,"label":276,"linkType":135},"f-send-money-to-china-7",{"_ref":273,"_type":134},"page-HK-send-money-to-china",{"_type":193,"slug":275},"send-money-to-china","Send Money to China","Features",{"_key":279,"_type":186,"links":280,"title":324},"footer-featuresbulk-paymentsbudgets",[281,289,296,303,310,317],{"_key":282,"_type":131,"internal":283,"internalTarget":285,"label":288,"linkType":135},"f-aspire-vs-airwallex-0",{"_ref":284,"_type":134},"comparison-HK-aspire-vs-airwallex",{"_type":286,"slug":287},"comparison","aspire-vs-airwallex","Aspire vs Airwallex",{"_key":290,"_type":131,"internal":291,"internalTarget":293,"label":295,"linkType":135},"f-aspire-vs-banks-1",{"_ref":292,"_type":134},"comparison-HK-aspire-vs-traditional-banks",{"_type":286,"slug":294},"aspire-vs-traditional-banks","Aspire vs Banks",{"_key":297,"_type":131,"internal":298,"internalTarget":300,"label":302,"linkType":135},"f-aspire-vs-hang-seng-2",{"_ref":299,"_type":134},"comparison-HK-aspire-vs-hang-seng",{"_type":286,"slug":301},"aspire-vs-hang-seng","Aspire vs Hang Seng",{"_key":304,"_type":131,"internal":305,"internalTarget":307,"label":309,"linkType":135},"f-aspire-vs-hsbc-3",{"_ref":306,"_type":134},"comparison-HK-aspire-vs-hsbc",{"_type":286,"slug":308},"aspire-vs-hsbc","Aspire vs HSBC",{"_key":311,"_type":131,"internal":312,"internalTarget":314,"label":316,"linkType":135},"f-aspire-vs-statrys-4",{"_ref":313,"_type":134},"comparison-HK-aspire-vs-statrys",{"_type":286,"slug":315},"aspire-vs-statrys","Aspire vs Statrys",{"_key":318,"_type":131,"internal":319,"internalTarget":321,"label":323,"linkType":135},"f-aspire-vs-wise-5",{"_ref":320,"_type":134},"comparison-HK-aspire-vs-wise",{"_type":286,"slug":322},"aspire-vs-wise","Aspire vs Wise","Compare",{"_key":326,"_type":186,"links":327,"title":374},"footer-compareaspire-vs-airwallexas",[328,335,342,348,355,360,367],{"_key":329,"_type":131,"internal":330,"internalTarget":332,"label":334,"linkType":135},"f-blog-0",{"_ref":331,"_type":134},"page-HK-blog",{"_type":193,"slug":333},"blog","Blog",{"_key":336,"_type":131,"internal":337,"internalTarget":339,"label":341,"linkType":135},"f-aspire-launchpad-1",{"_ref":338,"_type":134},"page-HK-launchpad",{"_type":193,"slug":340},"launchpad","Aspire Launchpad",{"_key":343,"_type":131,"internal":344,"internalTarget":345,"label":347,"linkType":135},"f-aspire-for-startups-2",{"_ref":133,"_type":134},{"_type":193,"slug":346},"aspire-for-startups","Aspire for Startups",{"_key":349,"_type":131,"internal":350,"internalTarget":352,"label":354,"linkType":135},"f-case-studies-3",{"_ref":351,"_type":134},"page-HK-case-studies",{"_type":193,"slug":353},"case-studies","Case Studies",{"_key":356,"_type":131,"externalUrl":357,"internalTarget":171,"label":358,"linkType":359},"f-faq-4","https:\u002F\u002Fhelp.aspireapp.com\u002Fhk\u002Fen\u002F","FAQ","external",{"_key":361,"_type":131,"internal":362,"internalTarget":364,"label":366,"linkType":135},"f-amazon-fee-calculator-5",{"_ref":363,"_type":134},"page-HK-calculator-amazon-seller-fees-calculator",{"_type":193,"slug":365},"calculator\u002Famazon-seller-fees-calculator","Amazon Fee Calculator",{"_key":368,"_type":131,"internal":369,"internalTarget":371,"label":373,"linkType":135},"f-mpf-calculator-6",{"_ref":370,"_type":134},"page-HK-mpf-calculator",{"_type":193,"slug":372},"mpf-calculator","MPF Calculator","Resources",{"_key":376,"_type":186,"links":377,"title":24},"footer-resourcesblogaspire-launchpa",[378,385,392,399],{"_key":379,"_type":131,"internal":380,"internalTarget":382,"label":384,"linkType":135},"f-about-aspire-0",{"_ref":381,"_type":134},"page-HK-about-us",{"_type":193,"slug":383},"about-us","About Aspire",{"_key":386,"_type":131,"internal":387,"internalTarget":389,"label":391,"linkType":135},"f-contact-us-1",{"_ref":388,"_type":134},"page-HK-contact-us",{"_type":193,"slug":390},"contact-us","Contact Us",{"_key":393,"_type":131,"internal":394,"internalTarget":396,"label":398,"linkType":135},"f-newsroom-3",{"_ref":395,"_type":134},"page-HK-newsroom",{"_type":193,"slug":397},"newsroom","Newsroom",{"_key":400,"_type":131,"internal":401,"internalTarget":403,"label":405,"linkType":135},"f-partner-with-aspire-4",{"_ref":402,"_type":134},"page-HK-partners",{"_type":193,"slug":404},"partners","Partner with Aspire",{"_key":407,"_type":186,"isLegal":129,"links":408,"title":431},"footer-legal",[409,417,424],{"_key":410,"_type":131,"internal":411,"internalTarget":413,"label":416,"linkType":135,"openInNewTab":142},"legal-privacy-policy",{"_ref":412,"_type":134},"legalPage-HK-privacy-policy",{"_type":414,"slug":415},"legalPage","privacy-policy","Privacy Policy",{"_key":418,"_type":131,"internal":419,"internalTarget":421,"label":423,"linkType":135,"openInNewTab":142},"legal-master-service-agreement",{"_ref":420,"_type":134},"legalPage-HK-master-service-agreement",{"_type":414,"slug":422},"master-service-agreement","Terms of Service",{"_key":425,"_type":131,"internal":426,"internalTarget":428,"label":430,"linkType":135,"openInNewTab":142},"legal-complaints",{"_ref":427,"_type":134},"page-HK-complaints",{"_type":193,"slug":429},"complaints","Complaints Policy","Legal",{"_type":131,"externalUrl":433,"internalTarget":171,"label":60,"linkType":359,"openInNewTab":129},"https:\u002F\u002Fapp.aspireapp.com\u002Fregister\u002Fperson",[435,439,442,444,451],{"_key":436,"_type":131,"internalTarget":171,"label":437,"linkType":438},"nav-product","Product","none",{"_key":440,"_type":131,"internalTarget":171,"label":441,"linkType":438},"nav-solutions","Solutions",{"_key":443,"_type":131,"internalTarget":171,"label":374,"linkType":438},"nav-resources",{"_key":445,"_type":131,"internal":446,"internalTarget":448,"label":450,"linkType":135},"nav-pricing",{"_ref":447,"_type":134},"page-HK-pricing",{"_type":193,"slug":449},"pricing","Pricing",{"_key":452,"_type":131,"internalTarget":171,"label":453,"linkType":438},"nav-incorporations","Incorporations",{"_type":131,"externalUrl":455,"internalTarget":171,"label":456,"linkType":359,"openInNewTab":129},"https:\u002F\u002Fapp.aspireapp.com\u002Flogin","Login",[458,580,734,812],{"_key":459,"_type":460,"columns":461,"featured":569,"label":437},"mm-product","megaMenuPanel",[462,486,516,544],{"_key":463,"_type":464,"links":465,"title":195},"c-business-account-0","megaMenuColumn",[466,473,479],{"_key":467,"_type":468,"link":469},"l-multi-currency-0","megaMenuLink",{"_type":131,"internal":470,"internalTarget":471,"label":472,"linkType":135},{"_ref":191,"_type":134},{"_type":193,"slug":194},"Multi-Currency",{"_key":474,"_type":468,"link":475},"l-smart-cards-1",{"_type":131,"internal":476,"internalTarget":477,"label":478,"linkType":135},{"_ref":206,"_type":134},{"_type":193,"slug":208},"Smart Cards",{"_key":480,"_type":468,"link":481},"l-yield-2",{"_type":131,"internal":482,"internalTarget":484,"label":54,"linkType":135},{"_ref":483,"_type":134},"page-HK-yield",{"_type":193,"slug":485},"yield",{"_key":487,"_type":464,"links":488,"title":515},"c-cfo-suite-1",[489,494,500,506],{"_key":490,"_type":468,"link":491},"l-expense-management-0",{"_type":131,"internal":492,"internalTarget":493,"label":202,"linkType":135},{"_ref":199,"_type":134},{"_type":193,"slug":201},{"_key":495,"_type":468,"link":496},"l-budget-management-1",{"_type":131,"internal":497,"internalTarget":498,"label":499,"linkType":135},{"_ref":231,"_type":134},{"_type":193,"slug":233},"Budget Management",{"_key":501,"_type":468,"link":502},"l-accounts-receivable-2",{"_type":131,"internal":503,"internalTarget":504,"label":505,"linkType":135},{"_ref":252,"_type":134},{"_type":193,"slug":254},"Accounts Receivable",{"_key":507,"_type":468,"badgeLabel":508,"link":509},"l-procure-to-pay-3","NEW",{"_type":131,"internal":510,"internalTarget":512,"label":514,"linkType":135},{"_ref":511,"_type":134},"page-HK-procure-to-pay",{"_type":193,"slug":513},"procure-to-pay","Procure-to-pay","CFO Suite",{"_key":517,"_type":464,"links":518,"title":543},"c-payroll-hiring-2",[519,527,535],{"_key":520,"_type":468,"link":521},"l-global-payroll-0",{"_type":131,"internal":522,"internalTarget":524,"label":526,"linkType":135},{"_ref":523,"_type":134},"page-HK-use-case-payroll",{"_type":193,"slug":525},"use-case\u002Fpayroll","Global Payroll",{"_key":528,"_type":468,"link":529},"l-employer-of-record-1",{"_type":131,"internal":530,"internalTarget":532,"label":534,"linkType":135},{"_ref":531,"_type":134},"page-HK-employer-of-record",{"_type":193,"slug":533},"employer-of-record","Employer of Record",{"_key":536,"_type":468,"link":537},"l-contractors-2",{"_type":131,"internal":538,"internalTarget":540,"label":542,"linkType":135},{"_ref":539,"_type":134},"page-HK-contractor-management-product",{"_type":193,"slug":541},"contractor-management-product","Contractors","Payroll & Hiring",{"_key":545,"_type":464,"links":546,"title":568},"c-platform-3",[547,552,560],{"_key":548,"_type":468,"link":549},"l-global-payments-0",{"_type":131,"internal":550,"internalTarget":551,"label":216,"linkType":135},{"_ref":213,"_type":134},{"_type":193,"slug":215},{"_key":553,"_type":468,"link":554},"l-issuance-1",{"_type":131,"internal":555,"internalTarget":557,"label":559,"linkType":135},{"_ref":556,"_type":134},"page-HK-issuance",{"_type":193,"slug":558},"issuance","Issuance",{"_key":561,"_type":468,"link":562},"l-global-accounts-2",{"_type":131,"internal":563,"internalTarget":565,"label":567,"linkType":135},{"_ref":564,"_type":134},"page-HK-global-account",{"_type":193,"slug":566},"global-account","Global Accounts","Platform",{"body":570,"eyebrow":571,"heading":572,"image":573,"link":577},"For businesses with complex operations that need a relationship manager.","Updates","Pricing that fits your business",{"_type":144,"decorative":129,"height":574,"url":575,"width":576},300,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F015a53c008534f6ca384d53f932a5b6b\u002F68fa072e9f0a363d784248dd_Frame-1707480689.webp",588,{"_type":131,"internal":578,"internalTarget":579,"label":572,"linkType":135},{"_ref":447,"_type":134},{"_type":193,"slug":449},{"_key":581,"_type":460,"columns":582,"featured":716,"label":441},"mm-solutions",[583,620,646,688],{"_key":584,"_type":464,"links":585,"title":619},"c-by-industry-0",[586,595,603,611],{"_key":587,"_type":468,"link":588},"l-consulting-0",{"_type":131,"internal":589,"internalTarget":591,"label":594,"linkType":135},{"_ref":590,"_type":134},"solution-HK-consulting",{"_type":592,"slug":593},"solution","consulting","Consulting",{"_key":596,"_type":468,"link":597},"l-ecommerce-1",{"_type":131,"internal":598,"internalTarget":600,"label":602,"linkType":135},{"_ref":599,"_type":134},"solution-HK-ecommerce",{"_type":592,"slug":601},"ecommerce","eCommerce",{"_key":604,"_type":468,"link":605},"l-marketing-agencies-2",{"_type":131,"internal":606,"internalTarget":608,"label":610,"linkType":135},{"_ref":607,"_type":134},"solution-HK-marketing-agencies",{"_type":592,"slug":609},"marketing-agencies","Marketing Agencies",{"_key":612,"_type":468,"link":613},"l-vc-investment-firms-3",{"_type":131,"internal":614,"internalTarget":616,"label":618,"linkType":135},{"_ref":615,"_type":134},"solution-HK-vc-funds",{"_type":592,"slug":617},"vc-funds","VC & Investment Firms","By Industry",{"_key":621,"_type":464,"links":622,"title":645},"c-by-company-size-1",[623,629,637],{"_key":624,"_type":468,"link":625},"l-startups-0",{"_type":131,"internal":626,"internalTarget":627,"label":628,"linkType":135},{"_ref":133,"_type":134},{"_type":193,"slug":346},"Startups",{"_key":630,"_type":468,"link":631},"l-sme-1",{"_type":131,"internal":632,"internalTarget":634,"label":636,"linkType":135},{"_ref":633,"_type":134},"solution-HK-sme",{"_type":592,"slug":635},"sme","SME",{"_key":638,"_type":468,"link":639},"l-mid-sized-2",{"_type":131,"internal":640,"internalTarget":642,"label":644,"linkType":135},{"_ref":641,"_type":134},"solution-HK-mid-sized-companies",{"_type":592,"slug":643},"mid-sized-companies","Mid-Sized","By Company Size",{"_key":647,"_type":464,"links":648,"title":687},"c-by-partner-2",[649,657,663,671,679],{"_key":650,"_type":468,"link":651},"l-accountants-0",{"_type":131,"internal":652,"internalTarget":654,"label":656,"linkType":135},{"_ref":653,"_type":134},"page-HK-aspire-for-accountants",{"_type":193,"slug":655},"partners\u002Faccountants","Accountants",{"_key":596,"_type":468,"link":658},{"_type":131,"internal":659,"internalTarget":661,"label":602,"linkType":135},{"_ref":660,"_type":134},"page-HK-partners-ecommerce",{"_type":193,"slug":662},"partners\u002Fecommerce",{"_key":664,"_type":468,"link":665},"l-corpsec-2",{"_type":131,"internal":666,"internalTarget":668,"label":670,"linkType":135},{"_ref":667,"_type":134},"page-HK-partners-corpsec",{"_type":193,"slug":669},"partners\u002Fcorpsec","CorpSec",{"_key":672,"_type":468,"link":673},"l-vc-incubators-3",{"_type":131,"internal":674,"internalTarget":676,"label":678,"linkType":135},{"_ref":675,"_type":134},"page-HK-partners-vc-and-incubators",{"_type":193,"slug":677},"partners\u002Fvc-and-incubators","VC & Incubators",{"_key":680,"_type":468,"link":681},"l-affiliates-4",{"_type":131,"internal":682,"internalTarget":684,"label":686,"linkType":135},{"_ref":683,"_type":134},"page-HK-partners-aspire-affiliate-program",{"_type":193,"slug":685},"partners\u002Faspire-affiliate-program","Affiliates","By Partner",{"_key":689,"_type":464,"links":690,"title":715},"c-connectivity-3",[691,699,707],{"_key":692,"_type":468,"link":693},"l-aspire-connect-0",{"_type":131,"internal":694,"internalTarget":696,"label":698,"linkType":135},{"_ref":695,"_type":134},"page-HK-aspire-connect",{"_type":193,"slug":697},"aspire-connect","Aspire Connect",{"_key":700,"_type":468,"link":701},"l-integrations-1",{"_type":131,"internal":702,"internalTarget":704,"label":706,"linkType":135},{"_ref":703,"_type":134},"page-HK-integrations",{"_type":193,"slug":705},"integrations","Integrations",{"_key":708,"_type":468,"link":709},"l-apis-2",{"_type":131,"internal":710,"internalTarget":712,"label":714,"linkType":135},{"_ref":711,"_type":134},"page-HK-api",{"_type":193,"slug":713},"api","APIs","Connectivity",{"body":717,"eyebrow":718,"link":719,"logo":722,"person":727},"\"Opening an Aspire account was pretty quick and more importantly painless... I appreciated the excellent service they provided through the whole process. Their online platform is very user-friendly and has some great features.\"","Customer Testimonials",{"_type":131,"externalUrl":720,"internalTarget":171,"label":721,"linkType":359},"https:\u002F\u002Ftestimonial.to\u002Faspire-testimonials\u002Fall","View all testimonials",{"_type":144,"alternativeText":723,"height":724,"url":725,"width":726},"Tech In Asia",2645,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F2ff0ffa9ddde696666b9864ea7a4e8ad\u002F69684e48dddb500cdb790e4d_techinasia.webp",14650,{"image":728,"name":732,"role":733},{"_type":144,"alternativeText":729,"height":730,"url":731,"width":730},"Latha Natarajan, Finance Director at Tech In Asia",41,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Ffe034d0bece564c2cd527bcd337b3806\u002F66f1187b1b8b19ef066879f7_latha-natrajan-small.webp","Latha Natarajan","Finance Director at Tech In Asia",{"_key":735,"_type":460,"columns":736,"featured":798,"label":374},"mm-resources",[737,772,784],{"_key":738,"_type":464,"links":739,"title":771},"c-knowledge-hub-0",[740,746,754,759,768],{"_key":741,"_type":468,"link":742},"l-blogs-0",{"_type":131,"internal":743,"internalTarget":744,"label":745,"linkType":135},{"_ref":331,"_type":134},{"_type":193,"slug":333},"Blogs",{"_key":747,"_type":468,"link":748},"l-reports-insights-1",{"_type":131,"internal":749,"internalTarget":751,"label":753,"linkType":135},{"_ref":750,"_type":134},"page-HK-downloads",{"_type":193,"slug":752},"downloads","Reports & Insights",{"_key":755,"_type":468,"link":756},"l-case-studies-2",{"_type":131,"internal":757,"internalTarget":758,"label":354,"linkType":135},{"_ref":351,"_type":134},{"_type":193,"slug":353},{"_key":760,"_type":468,"link":761},"l-product-updates-3",{"_type":131,"internal":762,"internalTarget":764,"label":767,"linkType":135},{"_ref":763,"_type":134},"blogPost-HK-2024-product-updates",{"_type":765,"slug":766},"blogPost","2024-product-updates","Product Updates",{"_key":769,"_type":468,"link":770},"l-faq-4",{"_type":131,"externalUrl":357,"internalTarget":171,"label":358,"linkType":359},"Knowledge Hub",{"_key":773,"_type":464,"links":774,"title":783},"c-benefits-1",[775],{"_key":776,"_type":468,"link":777},"l-perks-rewards-0",{"_type":131,"internal":778,"internalTarget":780,"label":782,"linkType":135},{"_ref":779,"_type":134},"page-HK-rewards",{"_type":193,"slug":781},"rewards","Perks & Rewards","Benefits",{"_key":785,"_type":464,"links":786,"title":797},"c-about-2",[787,792],{"_key":788,"_type":468,"link":789},"l-about-aspire-0",{"_type":131,"internal":790,"internalTarget":791,"label":384,"linkType":135},{"_ref":381,"_type":134},{"_type":193,"slug":383},{"_key":793,"_type":468,"link":794},"l-partner-with-aspire-2",{"_type":131,"internal":795,"internalTarget":796,"label":405,"linkType":135},{"_ref":402,"_type":134},{"_type":193,"slug":404},"About",{"body":799,"eyebrow":354,"heading":800,"image":801,"link":806},"How Zenyum mastered employee spending with Aspire Corporate Cards","Zenyum",{"_type":144,"alternativeText":802,"height":803,"url":804,"width":805},"Zenyum case study",195,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Ff664a0a0c4606f12b9b0066e4d03c517\u002F66f1187b1b8b19ef06687cde_zenyum.avif",375,{"_type":131,"internal":807,"internalTarget":809,"label":800,"linkType":135},{"_ref":808,"_type":134},"caseStudy-HK-zenyum",{"_type":810,"slug":811},"caseStudy","zenyum",{"_key":813,"_type":460,"columns":814,"featured":171,"label":453},"mm-incorporations",[815],{"_key":816,"_type":464,"links":817,"title":832},"c-incorporations-0",[818,826],{"_key":819,"_type":468,"link":820},"l-us-business-0",{"_type":131,"internal":821,"internalTarget":823,"label":825,"linkType":135},{"_ref":822,"_type":134},"page-HK-launchpad-usbusiness",{"_type":193,"slug":824},"launchpad\u002Fusbusiness","US Business",{"_key":827,"_type":468,"link":828},"l-hk-business-1",{"_type":131,"internal":829,"internalTarget":830,"label":831,"linkType":135},{"_ref":338,"_type":134},{"_type":193,"slug":340},"HK Business","",{"_createdAt":834,"_id":835,"_rev":836,"_type":837,"_updatedAt":838,"asideCta":839,"bottomCta":847,"disclaimer":853,"language":64,"market":76,"midCta":886},"2026-08-20T08:06:00Z","blogPostTemplate-HK","s8k3pIFJmZrTtV5XljWRgT","blogPostTemplate","2026-10-01T04:56:31Z",{"heading":840,"image":841,"link":845},"Open your business account with Aspire",{"_type":144,"alternativeText":175,"height":842,"url":843,"width":844},200,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fc76545453549b9687122cd1c3bcbf74c\u002F6a5d2b70f17f9bc1009bd08f_Frame-1707480717.png",305,{"_type":131,"externalUrl":433,"label":846,"linkType":359,"openInNewTab":129},"Start now",{"body":848,"heading":849,"link":850},"Open your free account","Start your journey with Aspire",{"_type":131,"externalUrl":851,"label":852,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Ftalk-to-sales","Talk to Sales",[854],{"_key":855,"_type":856,"children":857,"markDefs":879,"style":885},"2a40d95b-925","block",[858,863,867,871,875],{"_key":859,"_type":860,"marks":861,"text":862},"f30e227e-041-0a","span",[],"This blog is for general information only and does not constitute financial, legal, tax, or professional advice. Aspire’s services are subject to the terms outlined in our '",{"_key":864,"_type":860,"marks":865,"text":423},"f30e227e-041-0b",[866],"disclaimer-link-0",{"_key":868,"_type":860,"marks":869,"text":870},"f30e227e-041-1a",[],"' and '",{"_key":872,"_type":860,"marks":873,"text":450},"f30e227e-041-1b",[874],"disclaimer-link-1",{"_key":876,"_type":860,"marks":877,"text":878},"f30e227e-041-end",[],"' pages. We make no guarantees as to the accuracy, completeness, or timeliness of the content, and past results do not indicate future performance. Always consult a qualified professional before acting on any information provided.",[880,883],{"_key":866,"_type":881,"externalUrl":882,"linkType":359},"linkAnnotation","\u002Ftnc\u002Fmaster-service-agreement",{"_key":874,"_type":881,"externalUrl":884,"linkType":359},"\u002Fpricing","normal",{"body":887,"eyebrow":341,"heading":888,"image":889,"link":893},"From incorporation to venture capital, we connect you with trusted service providers to make your entrpreneurial journey seamless.","Start Your Business with Aspire Launchpad",{"_type":144,"alternativeText":175,"height":890,"url":891,"width":892},1026,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fd84bbcbad1e6ba37331742538394d1b0\u002F69d5f2a347377654dbe286ac_blog-post-template-04-q70.webp",1048,{"_type":131,"externalUrl":894,"label":895,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Flaunchpad","Start your Journey",[897,908,917,927],{"_id":898,"category":899,"coverImage":900,"description":905,"publishedAt":906,"slug":907,"title":901},"blogPost-HK-aspire-yield-launch",{"slug":397,"title":398},{"_type":144,"alternativeText":901,"height":902,"url":903,"width":904},"Aspire launches Yield in Hong Kong to help businesses earn more from idle cash",628,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F3f9e07b3ff1d0e4f1b8384f838e6c908\u002Faspire-yield-launch_cover.png",1043,"Learn how your business can earn more from idle cash","2026-09-16T00:00:00.000Z","aspire-yield-launch",{"_id":909,"category":910,"coverImage":911,"description":914,"publishedAt":915,"slug":916,"title":912},"blogPost-HK-corporate-banking-vs-commercial-banking",{"slug":194,"title":195},{"_type":144,"alternativeText":912,"height":145,"url":913,"width":147},"Corporate Banking vs Commercial Banking: What's the Difference?","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F20556167699cf9178e3f641755a42f9b\u002Fcorporate-banking-vs-commercial-banking_cover.jpeg","These terms get used inconsistently across banks. Here's what actually separates them, and which one your Hong Kong business fits.","2026-09-03T00:00:00.000Z","corporate-banking-vs-commercial-banking",{"_id":918,"category":919,"coverImage":922,"description":925,"publishedAt":915,"slug":926,"title":923},"blogPost-HK-ecommerce-fulfillment-hong-kong",{"slug":920,"title":921},"e-commerce","E-commerce",{"_type":144,"alternativeText":923,"height":145,"url":924,"width":147},"Ecommerce Fulfillment in HK: Top 5 3PL Providers","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F5d1f56c832e1ed4909537488fb73c2dc\u002Fecommerce-fulfillment-hong-kong_cover.jpeg","Compare HK ecommerce fulfillment & 3PL providers. Evaluate pricing, integrations, and shipping to scale your brand with Aspire.","ecommerce-fulfillment-hong-kong",{"_id":928,"category":929,"coverImage":932,"description":935,"publishedAt":915,"slug":936,"title":933},"blogPost-HK-top-payroll-systems-hong-kong",{"slug":930,"title":931},"guides","Guides",{"_type":144,"alternativeText":933,"height":145,"url":934,"width":147},"Top 8 Local Payroll Systems in Hong Kong","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F47169bc67dcf2063e4ed9dc1276dc15e\u002Ftop-payroll-systems-hong-kong_cover.jpeg","Compare 8 payroll systems widely used in Hong Kong, covering MPF, IR56, and 713 compliance, so you can pick the right fit for your team.","top-payroll-systems-hong-kong",{"data":938,"sourceMap":-1},{"_id":939,"_updatedAt":940,"alternates":941,"areSourcesShown":142,"author":945,"body":952,"category":2227,"coverImage":2228,"excerpt":2231,"faq":171,"intro":2260,"isFaqShown":142,"isSummaryShown":129,"isVideoShown":142,"publishedAt":2273,"reviewer":171,"seo":2274,"slug":2277,"sources":171,"title":2229,"video":171},"blogPost-HK-how-to-close-a-company-bank-account","2026-09-24T08:33:25Z",[942,943],{"canonicalUrl":171,"isNoIndex":171,"language":64,"market":76,"pathPrefix":171},{"canonicalUrl":171,"isNoIndex":171,"language":944,"market":76,"pathPrefix":171},"zh-HK",{"avatar":946,"bio":949,"doesServePage":129,"linkedinUrl":171,"name":947,"role":950,"slug":951,"twitterUrl":171},{"_type":144,"alternativeText":947,"height":842,"url":948,"width":842},"Content Team","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F86ff03aff2924bca230240f846d9cf9d\u002F64bf33dd57b2eb45b3869b97_Circle.png","Content team at Aspire is a society of seasoned writers & experts specialising in finance, technology and SaaS space. With 50+ years of collective experience, they help make business finance more profitable for readers. They write about finance tools, finance insights, industry trends, tactical guides to grow your business & also all things Aspire.","Aspire editorial","content-team",[953,963,971,980,1002,1014,1026,1038,1046,1076,1084,1092,1100,1108,1116,1135,1143,1151,1159,1167,1193,1201,1209,1217,1225,1415,1423,1431,1439,1451,1463,1475,1487,1499,1511,1519,1527,1543,1555,1563,1578,1586,1602,1804,1816,1824,1832,1844,1856,1868,1880,1888,1896,1908,2028,2064,2072,2080,2088,2096,2108,2120,2132,2140,2147,2155,2163,2171,2179,2187,2195,2203,2211,2219],{"_key":954,"_type":856,"children":955,"markDefs":961,"style":962},"k3",[956],{"_key":957,"_type":860,"marks":958,"text":960},"k2",[959],"strong","Why Do Businesses Close Corporate Bank Accounts?",[],"h2",{"_key":964,"_type":856,"children":965,"markDefs":970,"style":885},"k7",[966],{"_key":967,"_type":860,"marks":968,"text":969},"k6",[],"Understanding the reason behind the closure helps determine the scope of the steps that follow. Voluntary closure and closure imposed by the bank involve different procedures.",[],{"_key":972,"_type":856,"children":973,"markDefs":978,"style":979},"k11",[974],{"_key":975,"_type":860,"marks":976,"text":977},"k10",[959],"Common Reasons for Voluntary Closure",[],"h3",{"_key":981,"_type":856,"children":982,"level":999,"listItem":1000,"markDefs":1001,"style":885},"k21",[983,987,991,995],{"_key":984,"_type":860,"marks":985,"text":986},"k17",[959],"Business closure or company deregistration:",{"_key":988,"_type":860,"marks":989,"text":990},"k18",[]," Under Section 750 of the Companies Ordinance (Cap. 622), a limited company must first obtain a ",{"_key":992,"_type":860,"marks":993,"text":994},"k19",[959],"Notice of No Objection",{"_key":996,"_type":860,"marks":997,"text":998},"k20",[]," from the Commissioner of Inland Revenue before applying for deregistration. Once a company is formally dissolved, all property registered in its name — including any remaining bank account balance — is treated as unclaimed property and vests in the Government of the Hong Kong Special Administrative Region. Closing the bank account and transferring out all funds is therefore an essential step in the company closure process, not an optional one.",1,"bullet",[],{"_key":1003,"_type":856,"children":1004,"level":999,"listItem":1000,"markDefs":1013,"style":885},"k27",[1005,1009],{"_key":1006,"_type":860,"marks":1007,"text":1008},"k25",[959],"Business relocation or merger:",{"_key":1010,"_type":860,"marks":1011,"text":1012},"k26",[]," If a company relocates its operations from Hong Kong to another jurisdiction, or merges with another entity, the existing Hong Kong account may no longer serve the business's needs and is closed in favour of a new account structure.",[],{"_key":1015,"_type":856,"children":1016,"level":999,"listItem":1000,"markDefs":1025,"style":885},"k33",[1017,1021],{"_key":1018,"_type":860,"marks":1019,"text":1020},"k31",[959],"Switching financial service providers:",{"_key":1022,"_type":860,"marks":1023,"text":1024},"k32",[]," Many SMEs find that their existing bank's fee structure no longer matches their operational needs — high monthly account fees, opaque FPS or wire transfer charges — and choose to migrate to a lower-cost, more flexible business account platform.",[],{"_key":1027,"_type":856,"children":1028,"level":999,"listItem":1000,"markDefs":1037,"style":885},"k39",[1029,1033],{"_key":1030,"_type":860,"marks":1031,"text":1032},"k37",[959],"Dormant accounts:",{"_key":1034,"_type":860,"marks":1035,"text":1036},"k38",[]," Some banks charge dormancy fees on accounts that have been inactive for an extended period. Rather than incurring this recurring cost annually, business owners may choose to proactively close an unused account and consolidate funds elsewhere.",[],{"_key":1039,"_type":856,"children":1040,"markDefs":1045,"style":979},"k43",[1041],{"_key":1042,"_type":860,"marks":1043,"text":1044},"k42",[959],"Bank-Initiated (Involuntary) Closure",[],{"_key":1047,"_type":856,"children":1048,"markDefs":1071,"style":885},"k57",[1049,1053,1058,1062,1067],{"_key":1050,"_type":860,"marks":1051,"text":1052},"k52",[],"Separately from voluntary closure, a bank may unilaterally freeze or close a corporate account due to compliance concerns — for example, suspected suspicious transactions, money laundering allegations, or sustained failure to meet minimum balance requirements. This scenario falls outside the scope of this guide. For information on how to respond if your account has been frozen, see our guide on ",{"_key":1054,"_type":860,"marks":1055,"text":1057},"k53",[1056],"k45","frozen bank accounts in Hong Kong",{"_key":1059,"_type":860,"marks":1060,"text":1061},"k54",[]," and ",{"_key":1063,"_type":860,"marks":1064,"text":1066},"k55",[1065],"k48","how to unfreeze a bank account in Hong Kong",{"_key":1068,"_type":860,"marks":1069,"text":1070},"k56",[],".",[1072,1074],{"_key":1056,"_type":881,"externalUrl":1073,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fblog\u002Ffrozen-bank-account",{"_key":1065,"_type":881,"externalUrl":1075,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fblog\u002Funfreeze-bank-account-hong-kong",{"_key":1077,"_type":856,"children":1078,"markDefs":1083,"style":962},"k61",[1079],{"_key":1080,"_type":860,"marks":1081,"text":1082},"k60",[959],"Preparation Before Submitting a Closure Request",[],{"_key":1085,"_type":856,"children":1086,"markDefs":1091,"style":885},"k65",[1087],{"_key":1088,"_type":860,"marks":1089,"text":1090},"k64",[],"Before submitting a formal closure application to your bank, several preparatory steps must be completed. Skipping these steps can result in a rejected application, unexpected fees, or legal complications.",[],{"_key":1093,"_type":856,"children":1094,"markDefs":1099,"style":979},"k69",[1095],{"_key":1096,"_type":860,"marks":1097,"text":1098},"k68",[959],"Step 1: Transfer Out All Account Balances",[],{"_key":1101,"_type":856,"children":1102,"markDefs":1107,"style":885},"k73",[1103],{"_key":1104,"_type":860,"marks":1105,"text":1106},"k72",[],"The first task is transferring all funds out of the account to a designated destination account. Most banks will not process a closure request while a positive balance remains, and may instead require withdrawal in the form of a cashier's order — which itself may incur an additional fee. It is advisable to transfer out all funds at least one week before submitting the closure application, to ensure no pending transactions remain unsettled.",[],{"_key":1109,"_type":856,"children":1110,"markDefs":1115,"style":885},"k77",[1111],{"_key":1112,"_type":860,"marks":1113,"text":1114},"k76",[],"If the account balance is insufficient or negative, any outstanding debt must be settled first. A forcibly closed account with an outstanding balance may be referred to a debt collection agency and reported to credit reference agencies, negatively affecting both the company's and the directors' personal credit records.",[],{"_key":1117,"_type":856,"children":1118,"markDefs":1132,"style":885},"k86",[1119,1123,1128],{"_key":1120,"_type":860,"marks":1121,"text":1122},"k83",[],"If you intend to continue collecting payments via FPS after closing the account, note that you will need to re-register FPS on your new account. Our guide to ",{"_key":1124,"_type":860,"marks":1125,"text":1127},"k84",[1126],"k79","setting up corporate FPS",{"_key":1129,"_type":860,"marks":1130,"text":1131},"k85",[]," covers the registration process for a new account.",[1133],{"_key":1126,"_type":881,"externalUrl":1134,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fblog\u002Fset-up-business-fps",{"_key":1136,"_type":856,"children":1137,"markDefs":1142,"style":979},"k90",[1138],{"_key":1139,"_type":860,"marks":1140,"text":1141},"k89",[959],"Step 2: Cancel All Auto-Pay and FPS Registrations",[],{"_key":1144,"_type":856,"children":1145,"markDefs":1150,"style":885},"k94",[1146],{"_key":1147,"_type":860,"marks":1148,"text":1149},"k93",[],"Before closing the account, cancel every linked Auto-Pay arrangement, Standing Instruction, Direct Debit Authorisation, and FPS registration. Review at least six to twelve months of statements to identify every recurring payment — office rent, utilities, telephone, insurance, SaaS subscriptions, staff salaries — and cancel or redirect each one individually.",[],{"_key":1152,"_type":856,"children":1153,"markDefs":1158,"style":885},"k98",[1154],{"_key":1155,"_type":860,"marks":1156,"text":1157},"k97",[],"Any outstanding receivables that have not yet settled should also be resolved before closure, to ensure no funds remain in transit to the account. Note that any FPS identifier registered to the account will automatically become invalid once the account is closed — counterparties who have saved your FPS details for recurring payments must be notified to update their payment information.",[],{"_key":1160,"_type":856,"children":1161,"markDefs":1166,"style":979},"k102",[1162],{"_key":1163,"_type":860,"marks":1164,"text":1165},"k101",[959],"Step 3: Retain Transaction Records (Tax Requirement)",[],{"_key":1168,"_type":856,"children":1169,"markDefs":1190,"style":885},"k115",[1170,1174,1178,1182,1187],{"_key":1171,"_type":860,"marks":1172,"text":1173},"k110",[],"Hong Kong tax law requires businesses to retain business records for a minimum of ",{"_key":1175,"_type":860,"marks":1176,"text":1177},"k111",[959],"seven years",{"_key":1179,"_type":860,"marks":1180,"text":1181},"k112",[],". Before closing the account, download or print at least six to twelve months of statements together with the complete transaction history. Save these records in PDF format and back them up to cloud storage or an external drive. These records are not only the foundation for tax filing — they also serve as essential written evidence in the event of any future accounting dispute. For more on the broader compliance obligations this supports, see our guide to ",{"_key":1183,"_type":860,"marks":1184,"text":1186},"k113",[1185],"k106","Hong Kong corporate tax requirements",{"_key":1188,"_type":860,"marks":1189,"text":1070},"k114",[],[1191],{"_key":1185,"_type":881,"externalUrl":1192,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fblog\u002Fcorporate-tax-rate-in-hong-kong",{"_key":1194,"_type":856,"children":1195,"markDefs":1200,"style":979},"k119",[1196],{"_key":1197,"_type":860,"marks":1198,"text":1199},"k118",[959],"Step 4: Pass a Board Resolution",[],{"_key":1202,"_type":856,"children":1203,"markDefs":1208,"style":885},"k123",[1204],{"_key":1205,"_type":860,"marks":1206,"text":1207},"k122",[],"Closing a corporate bank account is a significant financial decision and must be supported by a formal company record. In general, the board of directors must convene a meeting and pass a resolution approving the closure, with the decision recorded in writing. Many banks require a signed copy of this board resolution as part of the closure application — its absence can result in the application being rejected or delayed.",[],{"_key":1210,"_type":856,"children":1211,"markDefs":1216,"style":962},"k127",[1212],{"_key":1213,"_type":860,"marks":1214,"text":1215},"k126",[959],"Documents Required to Close a Corporate Bank Account",[],{"_key":1218,"_type":856,"children":1219,"markDefs":1224,"style":885},"k131",[1220],{"_key":1221,"_type":860,"marks":1222,"text":1223},"k130",[],"Document requirements vary slightly between banks, but the following represents the standard core document list:",[],{"_key":1226,"_type":1227,"columnHeaders":1228,"hasColumnTitles":129,"hasRowTitles":142,"rows":1237},"k132","richTableBlock",[1229,1234],{"_key":1230,"_type":1231,"cellIndex":1232,"title":1233},"k133","columnHeader",0,"Document",{"_key":1235,"_type":1231,"cellIndex":999,"title":1236},"k134","Description",[1238,1265,1290,1315,1340,1365,1390],{"_key":1239,"_type":1240,"cells":1241},"k135","row",[1242,1254],{"_key":1243,"_type":1244,"content":1245},"k136","richTableCell",[1246],{"_key":1247,"_type":856,"children":1248,"markDefs":1253,"style":885},"k186",[1249],{"_key":1250,"_type":860,"marks":1251,"text":1252},"k185",[],"Board resolution",[],{"_key":1255,"_type":1244,"content":1256},"k139",[1257],{"_key":1258,"_type":856,"children":1259,"markDefs":1264,"style":885},"k189",[1260],{"_key":1261,"_type":860,"marks":1262,"text":1263},"k188",[],"Formal resolution approving the account closure, signed by all authorised signatories",[],{"_key":1266,"_type":1240,"cells":1267},"k142",[1268,1279],{"_key":1269,"_type":1244,"content":1270},"k143",[1271],{"_key":1272,"_type":856,"children":1273,"markDefs":1278,"style":885},"k192",[1274],{"_key":1275,"_type":860,"marks":1276,"text":1277},"k191",[],"Business Registration Certificate (BR)",[],{"_key":1280,"_type":1244,"content":1281},"k146",[1282],{"_key":1283,"_type":856,"children":1284,"markDefs":1289,"style":885},"k195",[1285],{"_key":1286,"_type":860,"marks":1287,"text":1288},"k194",[],"Copy of the current, valid Business Registration Certificate",[],{"_key":1291,"_type":1240,"cells":1292},"k149",[1293,1304],{"_key":1294,"_type":1244,"content":1295},"k150",[1296],{"_key":1297,"_type":856,"children":1298,"markDefs":1303,"style":885},"k198",[1299],{"_key":1300,"_type":860,"marks":1301,"text":1302},"k197",[],"Certificate of Incorporation",[],{"_key":1305,"_type":1244,"content":1306},"k153",[1307],{"_key":1308,"_type":856,"children":1309,"markDefs":1314,"style":885},"k201",[1310],{"_key":1311,"_type":860,"marks":1312,"text":1313},"k200",[],"Official proof of the company's registration with the Companies Registry",[],{"_key":1316,"_type":1240,"cells":1317},"k156",[1318,1329],{"_key":1319,"_type":1244,"content":1320},"k157",[1321],{"_key":1322,"_type":856,"children":1323,"markDefs":1328,"style":885},"k204",[1324],{"_key":1325,"_type":860,"marks":1326,"text":1327},"k203",[],"Directors' identity documents",[],{"_key":1330,"_type":1244,"content":1331},"k160",[1332],{"_key":1333,"_type":856,"children":1334,"markDefs":1339,"style":885},"k207",[1335],{"_key":1336,"_type":860,"marks":1337,"text":1338},"k206",[],"HKID or passport copies of all authorised signatories",[],{"_key":1341,"_type":1240,"cells":1342},"k163",[1343,1354],{"_key":1344,"_type":1244,"content":1345},"k164",[1346],{"_key":1347,"_type":856,"children":1348,"markDefs":1353,"style":885},"k210",[1349],{"_key":1350,"_type":860,"marks":1351,"text":1352},"k209",[],"Account closure request letter",[],{"_key":1355,"_type":1244,"content":1356},"k167",[1357],{"_key":1358,"_type":856,"children":1359,"markDefs":1364,"style":885},"k213",[1360],{"_key":1361,"_type":860,"marks":1362,"text":1363},"k212",[],"A written letter, signed by an authorised signatory, stating the reason for closure and the target closure date",[],{"_key":1366,"_type":1240,"cells":1367},"k170",[1368,1379],{"_key":1369,"_type":1244,"content":1370},"k171",[1371],{"_key":1372,"_type":856,"children":1373,"markDefs":1378,"style":885},"k216",[1374],{"_key":1375,"_type":860,"marks":1376,"text":1377},"k215",[],"Company chop",[],{"_key":1380,"_type":1244,"content":1381},"k174",[1382],{"_key":1383,"_type":856,"children":1384,"markDefs":1389,"style":885},"k219",[1385],{"_key":1386,"_type":860,"marks":1387,"text":1388},"k218",[],"Some banks require documents to be chopped with the company seal",[],{"_key":1391,"_type":1240,"cells":1392},"k177",[1393,1404],{"_key":1394,"_type":1244,"content":1395},"k178",[1396],{"_key":1397,"_type":856,"children":1398,"markDefs":1403,"style":885},"k222",[1399],{"_key":1400,"_type":860,"marks":1401,"text":1402},"k221",[],"Most recent bank statement",[],{"_key":1405,"_type":1244,"content":1406},"k181",[1407],{"_key":1408,"_type":856,"children":1409,"markDefs":1414,"style":885},"k225",[1410],{"_key":1411,"_type":860,"marks":1412,"text":1413},"k224",[],"Used to verify the account status and confirm all outstanding transactions have been cleared",[],{"_key":1416,"_type":856,"children":1417,"markDefs":1422,"style":885},"k229",[1418],{"_key":1419,"_type":860,"marks":1420,"text":1421},"k228",[],"For companies with more complex structures, banks may request additional documents: a confirmation letter from the company secretary, an accountant's confirmation that the account has been fully reconciled, minutes of a shareholders' meeting, or other supporting documentation. Calling the bank's customer service hotline before visiting in person to confirm the current document requirements is advisable, to avoid an unnecessary trip.",[],{"_key":1424,"_type":856,"children":1425,"markDefs":1430,"style":962},"k233",[1426],{"_key":1427,"_type":860,"marks":1428,"text":1429},"k232",[959],"How to Close a Corporate Bank Account: Step-by-Step",[],{"_key":1432,"_type":856,"children":1433,"markDefs":1438,"style":885},"k237",[1434],{"_key":1435,"_type":860,"marks":1436,"text":1437},"k236",[],"Once the preparation work and documentation are in order, the following is the complete closure process:",[],{"_key":1440,"_type":856,"children":1441,"level":999,"listItem":1000,"markDefs":1450,"style":885},"k243",[1442,1446],{"_key":1443,"_type":860,"marks":1444,"text":1445},"k241",[959],"Step 1: Convene the board and pass a resolution.",{"_key":1447,"_type":860,"marks":1448,"text":1449},"k242",[]," Formally confirm the company's decision to close the bank account and document the resolution, signed by all relevant directors.",[],{"_key":1452,"_type":856,"children":1453,"level":999,"listItem":1000,"markDefs":1462,"style":885},"k249",[1454,1458],{"_key":1455,"_type":860,"marks":1456,"text":1457},"k247",[959],"Step 2: Clean up the account.",{"_key":1459,"_type":860,"marks":1460,"text":1461},"k248",[]," Transfer out all funds, cancel all Auto-Pay and FPS registrations, settle all outstanding fees and debts, and download all statements for your records.",[],{"_key":1464,"_type":856,"children":1465,"level":999,"listItem":1000,"markDefs":1474,"style":885},"k255",[1466,1470],{"_key":1467,"_type":860,"marks":1468,"text":1469},"k253",[959],"Step 3: Notify the bank.",{"_key":1471,"_type":860,"marks":1472,"text":1473},"k254",[]," Contact your relationship manager or visit the branch in person to express your intention to close the account, and ask for the specific application channel and required document list.",[],{"_key":1476,"_type":856,"children":1477,"level":999,"listItem":1000,"markDefs":1486,"style":885},"k261",[1478,1482],{"_key":1479,"_type":860,"marks":1480,"text":1481},"k259",[959],"Step 4: Submit the formal application.",{"_key":1483,"_type":860,"marks":1484,"text":1485},"k260",[]," Bring the complete document set and submit the formal closure application through the bank's designated channel — online, in writing, or in person at a branch.",[],{"_key":1488,"_type":856,"children":1489,"level":999,"listItem":1000,"markDefs":1498,"style":885},"k267",[1490,1494],{"_key":1491,"_type":860,"marks":1492,"text":1493},"k265",[959],"Step 5: Settle all fees.",{"_key":1495,"_type":860,"marks":1496,"text":1497},"k266",[]," Confirm and pay any outstanding monthly fees, service charges, or final billing period charges.",[],{"_key":1500,"_type":856,"children":1501,"level":999,"listItem":1000,"markDefs":1510,"style":885},"k273",[1502,1506],{"_key":1503,"_type":860,"marks":1504,"text":1505},"k271",[959],"Step 6: Confirm formal closure.",{"_key":1507,"_type":860,"marks":1508,"text":1509},"k272",[]," Once processing is complete, the bank will notify you in writing or by email that the account has been formally closed, and will send a final statement. Retain this confirmation notice carefully for your records.",[],{"_key":1512,"_type":856,"children":1513,"markDefs":1518,"style":962},"k277",[1514],{"_key":1515,"_type":860,"marks":1516,"text":1517},"k276",[959],"Closure Process at Major Hong Kong Banks",[],{"_key":1520,"_type":856,"children":1521,"level":999,"listItem":1000,"markDefs":1526,"style":885},"k281",[1522],{"_key":1523,"_type":860,"marks":1524,"text":1525},"k280",[959],"HSBC: Online Closure Available",[],{"_key":1528,"_type":856,"children":1529,"markDefs":1542,"style":885},"k289",[1530,1534,1538],{"_key":1531,"_type":860,"marks":1532,"text":1533},"k286",[],"HSBC Business Integrated Account customers can submit an \"Account Closure Application Form\" online, without needing to visit a branch. According to HSBC's official information, the bank typically completes processing within ",{"_key":1535,"_type":860,"marks":1536,"text":1537},"k287",[959],"eight working days",{"_key":1539,"_type":860,"marks":1540,"text":1541},"k288",[]," of receiving the application.",[],{"_key":1544,"_type":856,"children":1545,"markDefs":1554,"style":885},"k295",[1546,1550],{"_key":1547,"_type":860,"marks":1548,"text":1549},"k293",[959],"Important exception:",{"_key":1551,"_type":860,"marks":1552,"text":1553},"k294",[]," If the account holds any investment assets, the closure must be handled in person at a branch — the online channel cannot process this scenario. Confirm with customer service in advance whether the account holds any investment products before initiating an online closure request. Detailed fee information can be found on HSBC's commercial banking service charges page.",[],{"_key":1556,"_type":856,"children":1557,"level":999,"listItem":1000,"markDefs":1562,"style":885},"k299",[1558],{"_key":1559,"_type":860,"marks":1560,"text":1561},"k298",[959],"Hang Seng, Standard Chartered, Bank of China (Hong Kong): In-Person Only",[],{"_key":1564,"_type":856,"children":1565,"markDefs":1577,"style":885},"k307",[1566,1570,1574],{"_key":1567,"_type":860,"marks":1568,"text":1569},"k304",[],"Hang Seng Bank, Standard Chartered, and Bank of China (Hong Kong) currently do not offer an online account closure function. Customers are generally required to attend a branch in person. Booking an appointment in advance and bringing the complete document set is recommended to minimise waiting time. Processing time at these banks can range from ",{"_key":1571,"_type":860,"marks":1572,"text":1573},"k305",[959],"five to ten working days",{"_key":1575,"_type":860,"marks":1576,"text":1070},"k306",[],[],{"_key":1579,"_type":856,"children":1580,"markDefs":1585,"style":962},"k311",[1581],{"_key":1582,"_type":860,"marks":1583,"text":1584},"k310",[959],"Early Closure Fees by Bank",[],{"_key":1587,"_type":856,"children":1588,"markDefs":1601,"style":885},"k319",[1589,1593,1597],{"_key":1590,"_type":860,"marks":1591,"text":1592},"k316",[],"Closing a corporate bank account does not typically attract a closure fee in itself — but if the account is closed shortly after opening, banks commonly charge an ",{"_key":1594,"_type":860,"marks":1595,"text":1596},"k317",[959],"Early Closure Fee",{"_key":1598,"_type":860,"marks":1599,"text":1600},"k318",[],". The following table is compiled from publicly available bank fee schedules:",[],{"_key":1603,"_type":1227,"columnHeaders":1604,"hasColumnTitles":129,"hasRowTitles":142,"rows":1618},"k320",[1605,1608,1610,1614],{"_key":1606,"_type":1231,"cellIndex":1232,"title":1607},"k321","Bank",{"_key":1609,"_type":1231,"cellIndex":999,"title":1596},"k322",{"_key":1611,"_type":1231,"cellIndex":1612,"title":1613},"k323",2,"Applies If Closed Within",{"_key":1615,"_type":1231,"cellIndex":1616,"title":1617},"k324",3,"Notes",[1619,1666,1713,1758],{"_key":1620,"_type":1240,"cells":1621},"k325",[1622,1633,1644,1655],{"_key":1623,"_type":1244,"content":1624},"k326",[1625],{"_key":1626,"_type":856,"children":1627,"markDefs":1632,"style":885},"k379",[1628],{"_key":1629,"_type":860,"marks":1630,"text":1631},"k378",[],"HSBC",[],{"_key":1634,"_type":1244,"content":1635},"k329",[1636],{"_key":1637,"_type":856,"children":1638,"markDefs":1643,"style":885},"k382",[1639],{"_key":1640,"_type":860,"marks":1641,"text":1642},"k381",[],"Refer to official fee schedule",[],{"_key":1645,"_type":1244,"content":1646},"k332",[1647],{"_key":1648,"_type":856,"children":1649,"markDefs":1654,"style":885},"k385",[1650],{"_key":1651,"_type":860,"marks":1652,"text":1653},"k384",[],"Varies by account type",[],{"_key":1656,"_type":1244,"content":1657},"k335",[1658],{"_key":1659,"_type":856,"children":1660,"markDefs":1665,"style":885},"k388",[1661],{"_key":1662,"_type":860,"marks":1663,"text":1664},"k387",[],"Check the latest fee PDF (May 2026 version) on HSBC's official fee page",[],{"_key":1667,"_type":1240,"cells":1668},"k338",[1669,1680,1691,1702],{"_key":1670,"_type":1244,"content":1671},"k339",[1672],{"_key":1673,"_type":856,"children":1674,"markDefs":1679,"style":885},"k391",[1675],{"_key":1676,"_type":860,"marks":1677,"text":1678},"k390",[],"Hang Seng Bank",[],{"_key":1681,"_type":1244,"content":1682},"k342",[1683],{"_key":1684,"_type":856,"children":1685,"markDefs":1690,"style":885},"k394",[1686],{"_key":1687,"_type":860,"marks":1688,"text":1689},"k393",[],"HK$200 (Integrated Deposit Account \u002F Current Account); waived for Savings Deposit Account",[],{"_key":1692,"_type":1244,"content":1693},"k345",[1694],{"_key":1695,"_type":856,"children":1696,"markDefs":1701,"style":885},"k397",[1697],{"_key":1698,"_type":860,"marks":1699,"text":1700},"k396",[],"3 months of account opening",[],{"_key":1703,"_type":1244,"content":1704},"k348",[1705],{"_key":1706,"_type":856,"children":1707,"markDefs":1712,"style":885},"k400",[1708],{"_key":1709,"_type":860,"marks":1710,"text":1711},"k399",[],"No online closure available — must attend a branch",[],{"_key":1714,"_type":1240,"cells":1715},"k351",[1716,1727,1738,1748],{"_key":1717,"_type":1244,"content":1718},"k352",[1719],{"_key":1720,"_type":856,"children":1721,"markDefs":1726,"style":885},"k403",[1722],{"_key":1723,"_type":860,"marks":1724,"text":1725},"k402",[],"Standard Chartered",[],{"_key":1728,"_type":1244,"content":1729},"k355",[1730],{"_key":1731,"_type":856,"children":1732,"markDefs":1737,"style":885},"k406",[1733],{"_key":1734,"_type":860,"marks":1735,"text":1736},"k405",[],"HK$200 (Integrated Deposit \u002F Current Account); HK$50 (Savings Account)",[],{"_key":1739,"_type":1244,"content":1740},"k358",[1741],{"_key":1742,"_type":856,"children":1743,"markDefs":1747,"style":885},"k409",[1744],{"_key":1745,"_type":860,"marks":1746,"text":1700},"k408",[],[],{"_key":1749,"_type":1244,"content":1750},"k361",[1751],{"_key":1752,"_type":856,"children":1753,"markDefs":1757,"style":885},"k412",[1754],{"_key":1755,"_type":860,"marks":1756,"text":1711},"k411",[],[],{"_key":1759,"_type":1240,"cells":1760},"k364",[1761,1772,1783,1794],{"_key":1762,"_type":1244,"content":1763},"k365",[1764],{"_key":1765,"_type":856,"children":1766,"markDefs":1771,"style":885},"k415",[1767],{"_key":1768,"_type":860,"marks":1769,"text":1770},"k414",[],"Citibank",[],{"_key":1773,"_type":1244,"content":1774},"k368",[1775],{"_key":1776,"_type":856,"children":1777,"markDefs":1782,"style":885},"k418",[1778],{"_key":1779,"_type":860,"marks":1780,"text":1781},"k417",[],"HK$500 (per account)",[],{"_key":1784,"_type":1244,"content":1785},"k371",[1786],{"_key":1787,"_type":856,"children":1788,"markDefs":1793,"style":885},"k421",[1789],{"_key":1790,"_type":860,"marks":1791,"text":1792},"k420",[],"6 months of account opening",[],{"_key":1795,"_type":1244,"content":1796},"k374",[1797],{"_key":1798,"_type":856,"children":1799,"markDefs":1803,"style":885},"k424",[1800],{"_key":1801,"_type":860,"marks":1802,"text":1711},"k423",[],[],{"_key":1805,"_type":856,"children":1806,"markDefs":1815,"style":885},"k430",[1807,1811],{"_key":1808,"_type":860,"marks":1809,"text":1810},"k428",[959],"Important note:",{"_key":1812,"_type":860,"marks":1813,"text":1814},"k429",[]," The figures above are for reference only and bank fee policies are subject to change at any time. Confirm the current fee schedule directly with your bank before submitting a closure request to ensure accuracy.",[],{"_key":1817,"_type":856,"children":1818,"markDefs":1823,"style":979},"k434",[1819],{"_key":1820,"_type":860,"marks":1821,"text":1822},"k433",[959],"Other Potential Fees During Closure",[],{"_key":1825,"_type":856,"children":1826,"markDefs":1831,"style":885},"k438",[1827],{"_key":1828,"_type":860,"marks":1829,"text":1830},"k437",[],"Beyond the early closure fee, the following charges may also arise during the closure process. It is worth understanding these in advance:",[],{"_key":1833,"_type":856,"children":1834,"level":999,"listItem":1000,"markDefs":1843,"style":885},"k444",[1835,1839],{"_key":1836,"_type":860,"marks":1837,"text":1838},"k442",[959],"Cashier's order fees:",{"_key":1840,"_type":860,"marks":1841,"text":1842},"k443",[]," If a substantial balance remains in the account, the bank may require withdrawal in the form of a cashier's order. Issuing a cashier's order typically incurs a fee, generally ranging from HK$100 to HK$200 depending on the bank.",[],{"_key":1845,"_type":856,"children":1846,"level":999,"listItem":1000,"markDefs":1855,"style":885},"k450",[1847,1851],{"_key":1848,"_type":860,"marks":1849,"text":1850},"k448",[959],"Final period account fees:",{"_key":1852,"_type":860,"marks":1853,"text":1854},"k449",[]," Even while an account is undergoing closure, the bank may still charge the monthly fee for the current billing period, or a pro-rated fee for the remaining days.",[],{"_key":1857,"_type":856,"children":1858,"level":999,"listItem":1000,"markDefs":1867,"style":885},"k456",[1859,1863],{"_key":1860,"_type":860,"marks":1861,"text":1862},"k454",[959],"Outstanding charges:",{"_key":1864,"_type":860,"marks":1865,"text":1866},"k455",[]," Any unsettled service fees, overdraft interest, or other charges must be paid in full before closure — failure to do so may result in the application being held in abeyance.",[],{"_key":1869,"_type":856,"children":1870,"level":999,"listItem":1000,"markDefs":1879,"style":885},"k462",[1871,1875],{"_key":1872,"_type":860,"marks":1873,"text":1874},"k460",[959],"Telegraphic transfer enquiry fees:",{"_key":1876,"_type":860,"marks":1877,"text":1878},"k461",[]," If you need to trace an inbound transfer that has not yet been credited, some banks charge an additional enquiry fee for this service.",[],{"_key":1881,"_type":856,"children":1882,"markDefs":1887,"style":962},"k466",[1883],{"_key":1884,"_type":860,"marks":1885,"text":1886},"k465",[959],"How Does Closing a Bank Account Relate to Closing the Company?",[],{"_key":1889,"_type":856,"children":1890,"markDefs":1895,"style":885},"k470",[1891],{"_key":1892,"_type":860,"marks":1893,"text":1894},"k469",[],"Many business owners confuse three distinct processes: closing a corporate bank account, cancelling business registration, and deregistering a company. The following clarifies the relationship between the three.",[],{"_key":1897,"_type":856,"children":1898,"markDefs":1907,"style":885},"k476",[1899,1903],{"_key":1900,"_type":860,"marks":1901,"text":1902},"k474",[959],"Closing a corporate bank account is purely a financial operation.",{"_key":1904,"_type":860,"marks":1905,"text":1906},"k475",[]," It does not equate to the company ceasing to exist, and it does not automatically trigger the company's formal closure procedures. Even after all bank accounts are closed, the company continues to exist as a legal entity, and the Inland Revenue Department and Companies Registry will continue to require tax returns and Annual Returns to be filed.",[],{"_key":1909,"_type":1227,"columnHeaders":1910,"hasColumnTitles":129,"hasRowTitles":142,"rows":1919},"k477",[1911,1914,1917],{"_key":1912,"_type":1231,"cellIndex":1232,"title":1913},"k478","Procedure",{"_key":1915,"_type":1231,"cellIndex":999,"title":1916},"k479","Administering Body",{"_key":1918,"_type":1231,"cellIndex":1612,"title":1236},"k480",[1920,1956,1992],{"_key":1921,"_type":1240,"cells":1922},"k481",[1923,1934,1945],{"_key":1924,"_type":1244,"content":1925},"k482",[1926],{"_key":1927,"_type":856,"children":1928,"markDefs":1933,"style":885},"k513",[1929],{"_key":1930,"_type":860,"marks":1931,"text":1932},"k512",[],"Close corporate bank account",[],{"_key":1935,"_type":1244,"content":1936},"k485",[1937],{"_key":1938,"_type":856,"children":1939,"markDefs":1944,"style":885},"k516",[1940],{"_key":1941,"_type":860,"marks":1942,"text":1943},"k515",[],"Commercial bank",[],{"_key":1946,"_type":1244,"content":1947},"k488",[1948],{"_key":1949,"_type":856,"children":1950,"markDefs":1955,"style":885},"k519",[1951],{"_key":1952,"_type":860,"marks":1953,"text":1954},"k518",[],"A purely financial operation, unrelated to the company's legal status",[],{"_key":1957,"_type":1240,"cells":1958},"k491",[1959,1970,1981],{"_key":1960,"_type":1244,"content":1961},"k492",[1962],{"_key":1963,"_type":856,"children":1964,"markDefs":1969,"style":885},"k522",[1965],{"_key":1966,"_type":860,"marks":1967,"text":1968},"k521",[],"Cancel Business Registration",[],{"_key":1971,"_type":1244,"content":1972},"k495",[1973],{"_key":1974,"_type":856,"children":1975,"markDefs":1980,"style":885},"k525",[1976],{"_key":1977,"_type":860,"marks":1978,"text":1979},"k524",[],"IRD (Business Registration Office)",[],{"_key":1982,"_type":1244,"content":1983},"k498",[1984],{"_key":1985,"_type":856,"children":1986,"markDefs":1991,"style":885},"k528",[1987],{"_key":1988,"_type":860,"marks":1989,"text":1990},"k527",[],"Must be submitted within 1 month of cessation of business, using Form IRC3113",[],{"_key":1993,"_type":1240,"cells":1994},"k501",[1995,2006,2017],{"_key":1996,"_type":1244,"content":1997},"k502",[1998],{"_key":1999,"_type":856,"children":2000,"markDefs":2005,"style":885},"k531",[2001],{"_key":2002,"_type":860,"marks":2003,"text":2004},"k530",[],"Deregister the company",[],{"_key":2007,"_type":1244,"content":2008},"k505",[2009],{"_key":2010,"_type":856,"children":2011,"markDefs":2016,"style":885},"k534",[2012],{"_key":2013,"_type":860,"marks":2014,"text":2015},"k533",[],"Companies Registry",[],{"_key":2018,"_type":1244,"content":2019},"k508",[2020],{"_key":2021,"_type":856,"children":2022,"markDefs":2027,"style":885},"k537",[2023],{"_key":2024,"_type":860,"marks":2025,"text":2026},"k536",[],"Applies to limited companies; requires a prior Notice of No Objection from the IRD; the full process typically takes 6 to 12 months",[],{"_key":2029,"_type":856,"children":2030,"markDefs":2059,"style":885},"k555",[2031,2035,2039,2043,2048,2051,2056],{"_key":2032,"_type":860,"marks":2033,"text":2034},"k548",[],"If a company proceeds to formal deregistration, ",{"_key":2036,"_type":860,"marks":2037,"text":2038},"k549",[959],"any undisposed property remaining in its name — including any residual bank account balance — automatically vests in the Government of the Hong Kong Special Administrative Region",{"_key":2040,"_type":860,"marks":2041,"text":2042},"k550",[]," at the point of dissolution, with no right of recovery thereafter. It is therefore essential to complete all fund transfers before submitting a deregistration application. For more on company closure procedures, see our guides to ",{"_key":2044,"_type":860,"marks":2045,"text":2047},"k551",[2046],"k541","company bankruptcy and winding-up in Hong Kong",{"_key":2049,"_type":860,"marks":2050,"text":1061},"k552",[],{"_key":2052,"_type":860,"marks":2053,"text":2055},"k553",[2054],"k544","company transfer procedures",{"_key":2057,"_type":860,"marks":2058,"text":1070},"k554",[],[2060,2062],{"_key":2046,"_type":881,"externalUrl":2061,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fblog\u002Fcompany-bankruptcy",{"_key":2054,"_type":881,"externalUrl":2063,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fblog\u002Fcompany-transfer",{"_key":2065,"_type":856,"children":2066,"markDefs":2071,"style":962},"k559",[2067],{"_key":2068,"_type":860,"marks":2069,"text":2070},"k558",[959],"After Closing Your Account: Upgrading to a More Flexible Business Account",[],{"_key":2073,"_type":856,"children":2074,"markDefs":2079,"style":885},"k563",[2075],{"_key":2076,"_type":860,"marks":2077,"text":2078},"k562",[],"If the reason for closing your account is not company closure, but rather dissatisfaction with your current bank's fee structure, mismatched services, or a search for a more modern alternative, it is worth comparing other options in the market before finalising the closure of your old account.",[],{"_key":2081,"_type":856,"children":2082,"markDefs":2087,"style":885},"k567",[2083],{"_key":2084,"_type":860,"marks":2085,"text":2086},"k566",[],"Many Hong Kong SMEs face the same recurring problem: high monthly fees on traditional bank accounts, opaque FPS and wire transfer charges, and a cumbersome account opening process that can take weeks to approve. These hidden costs are particularly significant for businesses that process frequent local and cross-border payments.",[],{"_key":2089,"_type":856,"children":2090,"markDefs":2095,"style":962},"k571",[2091],{"_key":2092,"_type":860,"marks":2093,"text":2094},"k570",[959],"Aspire: One-Stop Business Finance Beyond Traditional Banking",[],{"_key":2097,"_type":856,"children":2098,"level":999,"listItem":1000,"markDefs":2107,"style":885},"k577",[2099,2103],{"_key":2100,"_type":860,"marks":2101,"text":2102},"k575",[959],"One account for everything.",{"_key":2104,"_type":860,"marks":2105,"text":2106},"k576",[]," Open fully digitally — approved in as little as one business day. Send and receive in 40+ currencies across 130+ countries, with FX spreads from 0.18% — up to 3x cheaper than a traditional bank wire. FPS and CHATS are built in for free, with strong local payment networks enabling you to send and receive money overseas as if you were a local. Compared to traditional SWIFT wire transfers, local transfers eliminate layered intermediary bank fees and significantly reduce settlement time, helping you save on remittance costs from the source.",[],{"_key":2109,"_type":856,"children":2110,"level":999,"listItem":1000,"markDefs":2119,"style":885},"k583",[2111,2115],{"_key":2112,"_type":860,"marks":2113,"text":2114},"k581",[959],"Full spend control in one platform.",{"_key":2116,"_type":860,"marks":2117,"text":2118},"k582",[]," From creating invoices to paying bills, the entire process is fully automated. Issue corporate cards with configurable spending limits, capture receipts on mobile, and let employee expenses categorise automatically. All transaction data syncs seamlessly with Xero, QuickBooks, and NetSuite — from payroll to reconciliation, one platform resolves every administrative pain point.",[],{"_key":2121,"_type":856,"children":2122,"level":999,"listItem":1000,"markDefs":2131,"style":885},"k589",[2123,2127],{"_key":2124,"_type":860,"marks":2125,"text":2126},"k587",[959],"Turn your spending into rewards.",{"_key":2128,"_type":860,"marks":2129,"text":2130},"k588",[]," Earn 1.2% unlimited cashback on eligible spend through your corporate card, covering most operational and commercial expenses. Your account also comes with over USD 500,000 in partner rewards, covering tools like Google Workspace and Slack — rewarding your operating costs from the source.",[],{"_key":2133,"_type":856,"children":2134,"markDefs":2139,"style":885},"k593",[2135],{"_key":2136,"_type":860,"marks":2137,"text":2138},"k592",[959],"Open your account free today, and experience a more flexible and intelligent business finance solution than traditional banking — built to accelerate your business growth.",[],{"_key":2141,"_type":856,"children":2142,"markDefs":2146,"style":962},"k597",[2143],{"_key":2144,"_type":860,"marks":2145,"text":14},"k596",[959],[],{"_key":2148,"_type":856,"children":2149,"markDefs":2154,"style":979},"k601",[2150],{"_key":2151,"_type":860,"marks":2152,"text":2153},"k600",[],"How long does it take to close a corporate bank account in Hong Kong?",[],{"_key":2156,"_type":856,"children":2157,"markDefs":2162,"style":885},"k605",[2158],{"_key":2159,"_type":860,"marks":2160,"text":2161},"k604",[],"It depends on the bank. HSBC Business Integrated Account customers applying online typically have their closure processed within eight working days of submission. Other banks (such as Hang Seng and Standard Chartered) do not offer online closure and require in-person processing, which typically takes five to ten working days. If there are unresolved transactions or outstanding debts on the account, processing may be further delayed. It is advisable to begin the closure process at least one month before your planned closure date.",[],{"_key":2164,"_type":856,"children":2165,"markDefs":2170,"style":979},"k609",[2166],{"_key":2167,"_type":860,"marks":2168,"text":2169},"k608",[],"Do I have to visit a branch in person to close a corporate bank account?",[],{"_key":2172,"_type":856,"children":2173,"markDefs":2178,"style":885},"k613",[2174],{"_key":2175,"_type":860,"marks":2176,"text":2177},"k612",[],"Not necessarily. HSBC Business Integrated Account customers can submit a closure application through the online platform without visiting a branch (except where the account holds investment assets). Hang Seng, Standard Chartered, and Bank of China (Hong Kong) currently require in-person processing. Some banks also accept closure requests submitted by an authorised representative, provided the company's letter of authorisation and supporting documents are provided.",[],{"_key":2180,"_type":856,"children":2181,"markDefs":2186,"style":979},"k617",[2182],{"_key":2183,"_type":860,"marks":2184,"text":2185},"k616",[],"Do I need to notify the IRD when I close a corporate bank account?",[],{"_key":2188,"_type":856,"children":2189,"markDefs":2194,"style":885},"k621",[2190],{"_key":2191,"_type":860,"marks":2192,"text":2193},"k620",[],"Closing a bank account itself does not require notification to the IRD. However, if the company is simultaneously ceasing business, you must notify the Business Registration Office in writing (using Form IRC3113) within one month of cessation to apply for cancellation of the Business Registration. These are two independent procedures — closing a bank account is not a substitute for cancelling business registration.",[],{"_key":2196,"_type":856,"children":2197,"markDefs":2202,"style":979},"k625",[2198],{"_key":2199,"_type":860,"marks":2200,"text":2201},"k624",[],"What happens to the money left in the account after closure?",[],{"_key":2204,"_type":856,"children":2205,"markDefs":2210,"style":885},"k629",[2206],{"_key":2207,"_type":860,"marks":2208,"text":2209},"k628",[],"All funds must be transferred to another account before submitting the closure application. If a balance remains, the bank may require withdrawal in the form of a cashier's order (which may involve a fee), or may decline to process the closure application. It is particularly important to note that if the company has applied for deregistration, any residual account balance must be transferred out before the company is formally dissolved — otherwise the relevant assets will automatically vest in the Government of the Hong Kong Special Administrative Region and cannot be recovered.",[],{"_key":2212,"_type":856,"children":2213,"markDefs":2218,"style":979},"k633",[2214],{"_key":2215,"_type":860,"marks":2216,"text":2217},"k632",[],"Can a company hold multiple corporate bank accounts at the same time?",[],{"_key":2220,"_type":856,"children":2221,"markDefs":2226,"style":885},"k637",[2222],{"_key":2223,"_type":860,"marks":2224,"text":2225},"k636",[],"Yes. Hong Kong law places no restriction on the number of bank accounts a company may hold. Many businesses choose to open accounts at different banks to diversify risk or to meet different operational needs — for example, maintaining a traditional bank account alongside a digital business account like Aspire for international payments and expense management.",[],{"slug":194,"title":195},{"_type":144,"alternativeText":2229,"height":145,"url":2230,"width":147},"How to Close a Business Bank Account in HK: Steps & Fees","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F3aa888718ece94ccc7a20a8d006ea2ef\u002Fshared-3aa88871_cover_shared-cover-people.jpeg",[2232,2239,2247,2254],{"_key":957,"_type":856,"children":2233,"level":999,"listItem":1000,"markDefs":2238,"style":885},[2234],{"_key":2235,"_type":860,"marks":2236,"text":2237},"k1",[],"Before submitting a closure request, transfer out all funds, cancel every Auto-Pay and FPS registration, retain at least 6–12 months of transaction records, and pass a formal board resolution approving the closure.",[],{"_key":2240,"_type":856,"children":2241,"level":999,"listItem":1000,"markDefs":2246,"style":885},"k5",[2242],{"_key":2243,"_type":860,"marks":2244,"text":2245},"k4",[],"The core documents required typically include: a board resolution, Business Registration Certificate, Certificate of Incorporation, directors' identity documents, a signed closure request letter, the company chop, and the most recent bank statement.",[],{"_key":2248,"_type":856,"children":2249,"level":999,"listItem":1000,"markDefs":2253,"style":885},"k8",[2250],{"_key":964,"_type":860,"marks":2251,"text":2252},[],"The application process varies by bank. HSBC supports online closure (approximately 8 working days), while Hang Seng, Standard Chartered, and Bank of China (Hong Kong) currently require in-person processing (approximately 5–10 working days).",[],{"_key":972,"_type":856,"children":2255,"level":999,"listItem":1000,"markDefs":2259,"style":885},[2256],{"_key":975,"_type":860,"marks":2257,"text":2258},[],"Watch for early closure fees if closing within 3–6 months of account opening — these range from HK$50 to HK$500 depending on the bank and account type. Confirm the latest fee schedule with your bank before applying.",[],[2261,2267],{"_key":957,"_type":856,"children":2262,"markDefs":2266,"style":885},[2263],{"_key":2235,"_type":860,"marks":2264,"text":2265},[],"Closing a corporate bank account is a task that many Hong Kong SME founders encounter at some point — whether the company is winding down, relocating its operations, merging with another entity, or simply switching to a financial services provider that better suits its needs. What looks like a single administrative step actually involves several distinct components: a formal board resolution, a defined set of supporting documents, account clean-up procedures, and an understanding of how account closure relates to — but is legally separate from — business deregistration.",[],{"_key":2240,"_type":856,"children":2268,"markDefs":2272,"style":885},[2269],{"_key":2243,"_type":860,"marks":2270,"text":2271},[],"This guide walks through the complete process: why businesses close accounts, the preparation steps required before submitting a closure request, the documents banks typically require, a step-by-step closure procedure, the closure process for major Hong Kong banks individually, the fee structures involved, and how account closure interacts with business registration cancellation and company deregistration.",[],"2026-07-09T00:00:00.000Z",{"_type":139,"metaDescription":2275,"metaTitle":2229,"socialShareImageUrl":2276},"Protect your business capital. Learn how to legally close a Hong Kong corporate bank account, handle residual balances, and update the IRD.",{"_type":144,"alternativeText":2229,"height":145,"url":2230,"width":147},"how-to-close-a-company-bank-account",1791455345482]