seeking info on low/no HK bank transaction fees!!

My long-term bank (HSBC) has introduced a new or 'restructured' fee. Despite making good profits, it wants to make more!!


They have now introduced a fee whereby if the integrated total falls below a certain amount, the fee of HK120 is charged. Changed from a fee if the monthly balance falls below a certain amount.


I live and work in SH, and do internet banking with HSBC HK, where my account has been established. If their withdrawl transaction fees weren't enough, now this!! I am seeking to get out of this bank asap!! I am done with their gouging!!



I am seeking advice and suggestions from people who regularly live and work in HK.


Specifically, I would like to know about any low-internet or no-internet fees charged by HK banks.


Any and all suggestions and advice welcomed.


Thanks.

There should be no fees if you have an HSBC Premier Account with global assets/(or investments?) of more than GBP60,000 (I think). I tend to keep cash levels very low in our HK HSBC account but because we keep at least 60K in savings in our HSBC Jersey account (which still pays some interest on USD), we don't have to pay any charges. I imagine other HK banks work on similar principles but the benefit to us of HSBC was the fact we didn't need to keep the money in HK.