News Hong Kong Property & Finance

ADVICE NEEDED RE: MONEY IN HK

ORIGINAL POST
Posted by Kanne12 7 yrs ago
Hi,

I was working in Hong Kong from 2013 to 2015 but moved to Canada mid year of 2015. I still have my bank account under Citi.. Looking for advise if I need to close it and transfer to Canada bank or can I actually leave it in there?

Thanks!

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COMMENTS
traineeinvestor 7 yrs ago
As far as HK law is concerned there is no general reason why you cannot keep a bank account in HK after you have left the SAR although they will be required to freeze the account if it becomes dormant (i.e. inactive after a certain period of time). As a matter of policy most banks will also require an account to be closed if you move to or become a citizen of a country on the UN sanctions list or a US person.

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