Spent the summer navigating their Standard life investments hong kong limited Card farce? Whilst the bank has promised to rectify their ATM omnishambles, it may be time to break free.

Whist HK has yet to catch up with ethical banking trends seen abroad, below is an up-to-date, no-bullshit, unbiased guide to the two least-worst alternatives. Standard Chartered is great in that all bank transfers within HK are free, no matter who the recipient banks. Also, like with HSBC, you can buy currency via internet banking. 28 charge for using non-JETCO local ATMs or any overseas ATMs.

Citibank only offers currency transfer at branches and does charge a fee for transferring cash to a competing bank in HK. Visa Debit ATM card with free ATM withdrawals at any bank, local or overseas. They also offer free international transfers to Citibanks abroad. Visa Debit card on offer in HK. Plus VISA network accessible, but not VISA Debit card.

Plus, their competitors are now providing cheaper, better services like VISA debit cards and free intra-bank transfers. Because their customer service and in-branch waiting times suck big donkey balls. What’s the big deal with having a Visa Debit Card? However, as mentioned, the Citi card cannot be used online. Customers still have to use a credit card for online transactions, though these can be set-up with auto-pay to work like an interest-free debit card. If you pay off your credit card in full each month, there are no charges and annual fees are usually waived upon request. Opening new accounts can take minutes and you are usually rewarded for the hassle with a host of welcoming offers, airmiles and freebies.

You will also need to fill out forms to switch your salary payments over to your new bank. Click here for a full list of useful links for expats. How to Bypass the South China Morning Post Paywall. Navigating HSBC’s New ATM Card Farce. The Information on this website is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. Unfortunately, none of them exist in Hong Kong.