ZA Bank

ZA Bank is a Hong Kong digital bank with an official Banking for Web3 direction. It states that it provides settlement banking for regulated Web3 organisations and licensed virtual asset trading platforms (VATPs), as well as business accounts for local Web3 start-ups and SMEs. The legal entity is ZA Bank Limited, regulated by the Hong Kong Monetary Authority.

Services

The listed services are business accounts, VATP settlement banking, multi-currency deposits, local and international payments and FX. The account types are a business savings or multi-currency account and time deposits. Eleven savings currencies are supported, and time deposits are specified in HKD, CNY and USD. Payments go through FPS, CHATS and overseas remittance.

Crypto positioning

The bank's announcement identifies licensed VATPs, beyond retail crypto trading. The service is fiat account and payment infrastructure for crypto-related corporate or institutional clients, and entity and onboarding restrictions apply.

Opening and fees

For online applications the bank advertises a HKD 0 account-opening and company-search fee, subject to conditions, and states that an application can take as little as 6 minutes, with account opening in as little as one working day. This is a marketing minimum and not a service-level commitment.

Documents

A business-account eligibility guide and a document checklist are linked from the product page, and the exact requirements should be taken from there.