Bank of East Asia

Bank of East Asia (BEA) provides business accounts through two products, CorporatePlus and CorporatePlus Business Start.

Two account tiers

CorporatePlus is the full operating account. Business Start is a simplified version designed for newer or smaller companies; the bank states it does not include investment and trade-finance services. A company that needs the complete range must move up to CorporatePlus, so the choice depends on how soon those services are needed.

Services

The listed services are business accounts, corporate online banking and payroll. Clients are businesses; no personal banking is described in this offer.

What to check

Source material does not give fees, minimum balances, currencies or documentary requirements, so a company comparing offers should obtain the current tariff for each tier. The practical question is whether a start-up can run on the simplified account for the first period or needs trade finance from day one.

Who it suits

Small and growing companies that want a path from a basic account to a full corporate package at the same bank.