Hong Kong virtual banks tracker
Eight HKMA licences — separated from the question of whether each one serves your company today.
Eight licences
| Institution | Status | Business-product note | Verification |
|---|---|---|---|
| Airstar Bank | Licensed bank | Check current business product | HKMA register |
| Ant Bank (Hong Kong) | Licensed bank | Check current business product | HKMA register |
| Fusion Bank | Licensed bank | Check current business product | HKMA register |
| Livi Bank | Licensed bank | Check current business product | HKMA register |
| Mox Bank | Licensed bank | Check current business product | HKMA register |
| PAO Bank | Licensed bank | Check current business product | HKMA register |
| WeLab Bank | Licensed bank | Check current business product | HKMA register |
| ZA Bank | Licensed bank | Check current business product | HKMA register |
All eight are licensed banks under the Banking Ordinance and members of the Deposit Protection Scheme. Product scope — especially for business customers — differs between them and changes, which is why the product column points to a check rather than a claim.
What a licence tells you — and what it does not
The HKMA licence answers whether an institution is an authorised bank. It does not by itself answer whether a particular company can open a business account, which industries are accepted, or what limits apply. Use the register to confirm status, then the bank’s own business pages and support channels to confirm eligibility.
Before applying to a virtual bank
- Does it currently offer a business account for your company type?
- Are non-resident directors or shareholders accepted?
- Which industries are excluded?
- Which currencies and transfer types are supported?
- Are there transaction or balance limits for business accounts?
- How is identity verified for each director and controller?
Questions readers ask
How many virtual banks are there in Hong Kong?
Eight virtual banks hold HKMA banking licences: Airstar Bank, Ant Bank (Hong Kong), Fusion Bank, Livi Bank, Mox Bank, PAO Bank, WeLab Bank and ZA Bank. Confirm current status on the HKMA register.
Are deposits at Hong Kong virtual banks protected?
Virtual banks are members of the Deposit Protection Scheme, which covers eligible deposits up to HK$800,000 per depositor per member bank.
Do all virtual banks offer business accounts?
No. Business-product availability differs between banks and changes over time. Check each bank’s current business offering and eligibility criteria.
Can I download the tracker data?
Yes. The table is available as a CSV file from the link above the table.
Primary references
- HKMA register of authorized institutionsChecked 2026-11-12
- HKMA virtual bank review (press release, 2024)Checked 2026-11-12
- Banking Ordinance (Cap. 155)Checked 2026-11-12
- Hong Kong Monetary AuthorityChecked 2026-11-12