Originally Posted by
barracuda93
In fact one does not need HKID at all to do banking in Hong Kong. Passport and address proof are the only required documents. You can have transactional accounts, debit cards, credit cards and investment accounts (stock trading etc) without HKID. The very few things that you cannot have without HKID are Octopus-related products (Citi Octopus cobrand) and Citi UnionPay credit card.
thanks to this brit legacy and SOME nationalities exploiting this loophole doing dodgy things transborder, the US keep fining HSBC for this- hence the annoyance.
otherwise i dont see the user friendly part of citibank. can anyone explain? (ok, hsbc fx rates are crap, but there are good work arounds for that these days)