Account opening FAQ, Drew explains clearly for you.

No. RGYS is an independent third-party bank account appointment service provider that assists in organizing documents, explaining service fees, and coordinating appointments. Whether to accept an application and whether to open an account is determined independently by the bank's review; no one can replace bank approval with an appointment.

"No charge if account opening is unsuccessful" applies only to RGYS appointment service fees. Third-party actual costs such as bank fees, company searches, witnessing, notarization, and couriers, as well as account deposit and balance requirements, are not included; related fees must be explained in writing and confirmed by the client before entrustment.

Assessment can be done first based on the actual company structure and business situation. Some channels provide versions without related company documents, which may require industry experience, business plans, upstream/downstream intent documents, or proof of source of funds. Requirements vary by bank; the existence of a document version does not guarantee acceptance.

Not necessarily. Some banks accept applications from non-Hong Kong residents with valid travel documents, but requirements for documents, residence, physical presence in Hong Kong, and customer scope vary. Mobile account opening generally has additional eligibility restrictions; please check the target bank's current list first.

Prepare recent utility bills, bank statements or other documents accepted by the bank that show the applicant's name and actual residential address. Some banks commonly require them to have been issued within the past 3 months, but this is not a uniform standard for all accounts; electronic documents, language, address format and time limits are subject to the actual bank requirements.

Some banks and channels offer online, remote, or Mainland witness arrangements, but must meet qualifications regarding identity, company type, shareholding levels, and number of directors/shareholders. Banks may still require in-person verification or supplementary documents. Please confirm each item before booking; online submission should not be understood as exemption from review or interviews.

Channel information provides case-specific reference times; the fastest times published by banks only apply to specified qualifications and complete documentation. Actual times may be extended due to document supplements, interviews, business risks, and compliance reviews; account opening within a fixed time cannot be guaranteed.

No. An EIN is tax identification information, not account opening approval. Banks will also verify company formation documents, identities of signatories and beneficial owners, business address, business contacts, source of funds, and customer location. Foreign applicants do not necessarily meet the criteria for IRS online EIN applications or bank remote account opening.

They are different. You must verify the actual legal entity providing the service, license type, product nature, and local deposit protection. Digital banks are not equivalent to electronic money or stored value facilities; payment accounts may not constitute bank deposits, and regulatory status cannot be judged solely by the app interface.

No. Channel information, regulatory directories, and global scale rankings belong to different categories. Inclusion in a directory does not represent partnership, recommendation, acceptance of non-residents, or current availability for appointments. Please have Drew verify the actual acceptance scope based on your profile.

Receive online banking, PIN mailers, withdrawal cards, or authentication tools as per the approved account and bank notification. Not all products have physical cards or encoders. After opening, check delivery arrangements and activation deadlines; do not give passwords or SMS verification codes to any third party.

Keep company structures, contact addresses, tax residency, and business facts updated, retain reasonable transaction vouchers, and respond to continuous due diligence as required by the bank. Do not rent, sell, hold on behalf of others, or lend accounts, and do not use personal accounts to collect company operating funds.