It has become increasingly difficult for a startup or even SME to open a bank account in Hong Kong. Should Neat offer this service?
@David Definitely it's a great idea, and this feature would be appealing to youngsters who intend to start their own business. As they usually refrain from opening an account at conventional banks, either because they believe the application will be very complicated, or because they think having an account in those banks are old-fashioned.
Yet, by the way, opening a corporate bank account in Hong Kong isn't that difficult as you thought, from my experience.
David - hi. What is the status of having a Neat corporate account? I'd like to open a HK company but the things I read about opening a normal bank account in HK are pretty bad; it makes me think elsewhere, frankly. Also, one question: is Neat a fully HK owned and registered bank or is it owned by a western corporation? thanks
@Matteo at the moment we're very focussed on offering a consumer account but if more people like yourself tell us that we should focus on corporate accounts, we will not only listen, we will execute!
To answer your question: Neat is not a bank, we work with a regulated partner. You will find this information from our FAQ useful: http://www.neat.hk/faq?questionId=security_3
We would pay a monthly fee for a corporate neat account. Getting credit cards for startups in HK is impossible