I am about to incorporate my business in Hong Kong and I found out about Revolut recently. It would be a great banking option for me as HK banks are annoying and expensive with a lot of fees.
Q1: I was afraid Revolut might not be available in HK, but when I browse the site it does actually show a big tagline: “Revolut lands in Hong Kong” which is reassuring. So my 1st question is: are there any specifics for HK revolut accounts? or are they exactly the same as any other business accounts? note that I already have a personal Revolut account (I’m an expat) and I love it
Q2: I couldn’t find this in the FAQ - so I assume there is no topup limit for business accounts? my personal Revolut is limited to 30k€ or something, I just want to make sure I won’t get this same limit on the business account I might create. I did see about the £250K limit for incoming transfers but I’m not going to be anywhere near that.
Q3: I have heard of there being months worth of wait time for getting a business account approved. Are HK business accounts handled in the same queue as all others? should I expect like half a year or more to get approved?
Thanks in advance!