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HSBC launches multi-market business account opening service

September 14, 2023

HSBC launches multi-market business account opening service
HSBC has launched a multi-market business account opening service.

This service aims to help businesses expand overseas by simplifying the account opening process and addressing long-standing challenges faced by internationally-minded businesses, the banking and financial services organization said in a Wednesday (Sept. 13) press release emailed to PYMNTS. 
 
“Using a dedicated portal, the streamlined digital application process is fast, simple and globally consistent, regardless of the market or markets where accounts are being opened,” HSBC said in the release. 
 
The service providing this streamlined digital application process is currently available in 20 markets, according to the release. HSBC plans to expand the availability of the service by adding more markets in the fourth quarter and in 2024 to further enhance its global reach and impact. 
 
The portal offers a range of features to facilitate seamless international account opening, the release said. It includes application forms, secure document exchange functionality, online tracking and eSignature capabilities. By eliminating the need for separate applications and reducing administrative burdens, the service enhances efficiency and reduces paperwork for business and corporate customers.
 
It support both primary and subsidiary accounts, per the release.
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