Wise Now Officially Supports USD and HKD Accounts with Mainland China ID

In the past few years, mainland China residents wanting a true international account often faced complicated identity verification, address proof requirements, and sometimes even needed to travel abroad. These “barriers” not only limited personal financial freedom but also suppressed ordinary people’s ability to participate in the global economy.

Now, an invisible barrier is quietly disappearing.

Wise, a leading global cross-border payment platform, now supports mainland Chinese residents to instantly open multi-currency accounts including USD and HKD using just their ID cards. No address proof required, no activation process, verification completed in minutes. This is an infrastructure revolution and a signal of financial freedom.

Instant Account Opening, No Address Proof Required

According to information released by Wise’s official account, mainland Chinese users can now directly use their resident ID card to complete identity verification and open multi-currency accounts including USD, HKD, EUR, etc. within minutes. No activation, no address proof required, with an extremely simple process and smooth experience.

During registration, users only need to select “China Mainland” for country/region, then select “National ID card” for document type to enter the verification process. The system will prompt you to take photos of both sides of your ID card and complete a selfie facial recognition. The entire process takes only about 2-3 minutes.

Foreign Currency Account Funding: How to Fund Your USD or HKD Account?

Wise currently supports multiple foreign currency funding methods, with HKD and USD being the most mainstream.

If you choose to open a USD account, the system will generate a set of USD receipt information (Routing Number, Account Number, etc.), and you can transfer USD through platforms like iFast, Interactive Brokers, Kraken, Panda Remit, etc. No US address proof required (this previously blocked over 80% of users wanting a USD account), and no waiting for lengthy review processes.

If you choose a HKD account, you can directly fund it from local Hong Kong banks (like Bank of China Hong Kong, HSBC, ZA, Livi) via FPS or bank transfer. Importantly: HKD funding has zero fees, with 100% of the amount received.

This means if you have a Hong Kong bank card, you can fund your Wise account with HKD at zero cost, almost equivalent to having an OCBC Singapore account.

This also means you can transfer from your Hong Kong card to Wise, then transfer without loss to brokers that support same-name funding like Interactive Brokers, Longbridge, FUTU, IFAST, etc., becoming a HKD funding platform and truly achieving global fund flow freedom. Operations that previously required traditional banks like OCBC, DBS, Citibank can now be done with just an ID card + a Hong Kong bank card.

The funding process is as follows:

1. Select the currency you wish to fund (such as HKD or USD);
2. The system generates corresponding receipt account information;
3. Initiate a transfer from your outgoing platform or bank;
4. Wait for the arrival notification, usually 1-3 business days;
5. Once the funds arrive, you can freely exchange, transfer, or withdraw.

Wide Range of Uses, Suitable for Multiple Scenarios

Whether you’re a Chinese person living overseas, or a freelancer, remote worker, or cross-border e-commerce entrepreneur based in mainland China, Wise can help you easily manage cross-border funds, achieving efficient fund flow and sound management:

Easy Remittance Back to China:

Overseas Chinese can use Wise to remit salary income to China, supporting withdrawals to WeChat, Alipay, or UnionPay cards, meeting diverse needs such as cross-border consumption, family support, or personal use. Overseas students returning to China after graduation can also remit their account balances back to China through Wise.

Multi-currency Account Management:

Opening a Wise multi-currency account gives you one-time access to balances in over 40 currencies including RMB, USD, EUR, SGD, allowing flexible receipt, exchange, and payment, suitable for handling multi-currency income or expense scenarios.

Convenient Overseas Payment Reception:

Mainland Chinese users can conveniently receive project payments and service fees from overseas clients or platforms through Wise, especially suitable for freelancers, cross-border e-commerce operators, content creators, etc. - a perfect payment tool for freelancers.

Support for Global Asset Allocation and Value-added Management:

Wise provides safe, transparent, low-threshold global fund solutions for individual users with asset management, currency exchange, or fund appreciation needs, helping you steadily plan your global financial strategy.

Wise is an electronic money service platform regulated by the UK Financial Conduct Authority (FCA), trusted and used by over 16 million users globally.

As a compliant cross-border payment platform, Wise needs approval from regulatory authorities in each market before conducting business. Previously, Wise was not approved by Chinese regulatory authorities and therefore did not support mainland Chinese residents for account opening and verification.

However, Wise has now resolved regulatory issues, and mainland Chinese residents can directly verify using their ID cards. After verification, they can open multi-currency accounts including USD, HKD, EUR, GBP, etc.

For cross-border e-commerce operators, freelancers, remote workers, cryptocurrency users, and content creators, this is almost a “standard configuration tool.”

Of course, there are also some advanced usage methods: • Achieving indirect RMB funding through Wise + Panda Remit • Using Wise for “multi-account arbitrage”: USDT OTC exchange for HKD → Wise → USD brokerage account • Using Wise + IFast for “low-threshold global financial management” combinations

Notes and Recommendations

Although you can now open an account with your ID card, Wise currently does not support RMB funding. You need to first transfer funds to Wise via HKD, SGD, USD, etc. For example, you can use Panda Remit to exchange RMB for HKD, then transfer to Wise.

Additionally, Wise’s risk control is very strict. It is recommended to use real information when registering, including English name, real address, to avoid subsequent risk control issues.

Wise currently only supports personal accounts to be verified with ID cards; business accounts still need to use passports or other methods.

Conclusion: A Turning Point of an Era

True financial freedom is not about how much assets you have, but about having “fund choice rights” - choosing where to open accounts, what currency to receive payments in, what way to allocate assets. Wise supporting Chinese people to open USD accounts is not just technological progress, but a shift in perspective: globalization no longer belongs only to institutions or elites, it begins to belong to ordinary people.

Of course, we don’t know how long this window will remain open.

In this world, opportunities truly belonging to ordinary people are often not “institutional arrangements,” but “light in the cracks.”

So, if you understand this, don’t wait. Go for it, right now. https://wise.com/invite/dic/fengy260