Has anyone used OCBC Wing Hang Bank?

Bank SinoPac is now charging $500 per month, transferring a fee of $40, and also depositing money, which feels like too much of a fee. The monthly account requirement is to keep 100,000 HKD, if it is less than 100,000 HKD500 management fee per month, so that's 6k a year gone!

I'll do the math for you, Overseas Chinese Wing Hang basic 6K a year + 2 transfers per month ($80 a month) = 13,000 a year fees, almost worth the cost of import and export companies, not counting the interest on your 50,000 deposit. If you calculate according to the pan-pay each time the settlement of foreign exchange fee of 1,000 four, 500,000 U.S. dollars can not run away, with the pan-pay offshore instead of the Overseas Chinese Wing Hang can be sent to the settlement of foreign exchange of 500,000 U.S. dollars in the amount of quota and the transfer fee for nothing.

Or help you save 10,000 per year

Panpay (Panpayguide) low the first European banking license of the Chinese company, the main customers are foreign trade companies, payment companies, domestic small banks, freight forwarding companies and the need to remit money to overseas suppliers of customers. Panpay and Germany's N26 and REVOLTE bank are called 'young people's bank', lying at home can do business. PanPay was called by the industry as challenge bank (challenger bank), specializing in traditional commercial banks, the ills. PanPay in the compliance level made great efforts to persuade the European Union central bank to liberalize the conditions for Chinese enterprises to open an account, behind the scenes of the heartache of only PanPay themselves know. PanPay's vision is to challenge all of the world's traditional banks, subvert the poor service of traditional banks, low efficiency, high fees and other bad things

①individual license can open a company nature of the CO, .LTD suffix, or customize your company's name to head (virtual sub-accounts have a suffix)

②Not subject to the limitations of 50,000 U.S. dollars in settlement of the yuan to the account of the legal person or the public account account

3) to the domestic factory or agent tax refund (remittance company is your company, will not be refunded, virtual sub-account is not your company head)

4) European transfer 2 euros / pen, unlimited settlement of only 1,000 4 fees, the exchange rate according to the purchase price of the calculations

5) settlement of the proof of the background of the trade can be (virtual sub-accounts need to be the website, bills of lading, screenshots and so on the cumbersome)

6 can withdraw personal and business PAYPAL, U.S. ACH account, 26 currencies directly into the account (virtual sub-accounts can not receive PP and L/C)

7 online account does not need to fly to Hong Kong, 1-2 days offshore account can open a good. Do not need to buy wealth management, support multi-store summary withdrawals, saving withdrawal fees.

8 Russia, Kuwait, Turkey, Ukraine and other U.S. sanctions countries can collect