Statrys is a Hong Kong-based local and international payment services provider founded in 2018. Currently, it’s located in Hong Kong, London, and Bangkok. The platform is designed solely for business customers, therefore does not provide transfer money services to individuals
Note: Statrys is not a bank; rather, they are a financial institution that has a Hong Kong Money Service Operator license (19-02-02726) and a United Kingdom Small Payment Institution license (12031334). They are controlled by the Hong Kong Customs and Excise Department and the Financial Conduct Authority in the United Kingdom.
How do I apply for a Statrys Business Account?
To apply for a Statrys Business Account, you’ll first need to create an online account with Statrys, before adding information about your company and its employees.
1.Step 1 Step 1: Creating an account with Statrys
Here's how to create an online account with Statrys:
Head over to the Statrys website and click on the 'Open an account' button
Choose the jurisdiction your business is incorporated in
Input some personal details about yourself, including your full name, address and date of birth. This is so the onboarding team can contact you regarding your application status
Then give your nationality and country of residence and select continue
You'll be emailed a six digit OTP - enter this and continue
Create a password and you'll be set up with an online Statrys account
2.Step 2 Step 2: Adding company information
Next you need to add information about the company you are registering:
Give the company's name and, optionally, the domain too
Then add the company's registered address
3.Step 3 Step 3: Adding business details
Then you'll be asked for details about the business your company does:
Choose if your business has started yet
Give the nature of your business
Add a small description of your business, including a summary, details about your business model and functions, and the goods and services you offer
Add payment information regarding the countries you expect to send money to and receive money from
4.Step 4 Step 4: Adding company structure
You'll also be required to give details about your company's structure:
Start with your relationship to the company
Then add any other directors and owners, either as individuals or as a company
Provide their full name, nationality, country of residence, and whether they are a nominee
Upload passport copies of all the owners, directors and shareholders involved
Then upload copies of any relevant business profile documents such as your business registration certificate or equivalent
5.Step 5 Step 5: Review your application
Then it's time for the final stage of the application, where you can review before submitting. Remember to:
Ensure all the information in your application is accurate and correct
Read the terms and conditions
Read the privacy policy
Check the list of prohibited industries and countries
Give authorisation to contact you in the future
Tell them how you heard of Statrys
Then you'll be ready to submit your application - it will be reviewed within 24 hours and they'll contact you to let you know.
Here are some frequently asked questions about opening an account with Statrys.
Which companies can apply for a Statrys Business Account?
Statrys Business Accounts are available to companies registered in Hong Kong, Singapore, and the British Virgin Islands.
How long will it take to open an account with Statrys?
If the application is complete (i.e. all required documents are submitted on time), it will take just a few days for the Statrys team to examine it and set up users' accounts. Most times, an account is opened within a week.
Is my money safe with Statrys?
Users’ money is housed at a fully licensed custodian bank in Hong Kong. To ensure the safety of client money, customer accounts are kept securely separate from their business accounts at all times.
Why do I have to provide this information?
As a regulated financial institution, Statrys must comply with all financial regulatory organisations related to Anti-Money Laundering and Counter-Terrorism Financing. This is why they require information and supporting documents like ID and business registration certificates.
How much does it cost to open an account?
There are no opening fees or minimum balances required, but there are monthly costs from HKD88 a month to HKD188 a month.
Can I apply for a Statrys Business Account if my company is not incorporated in Hong Kong?
You can apply online if your company is incorporated in Singapore or the British Virgin Islands, and for other locations you will need to contact the support team.
