ZA Bank
First Hong Kong virtual bank live; first to open retail crypto trading and to bank stablecoin issuers.
First HK virtual bank; retail crypto trading + stablecoin-issuer banking.
- Who holds it
- The company itself — it holds a full banking licence — HK virtual bank; SFC-aligned crypto services.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from ZA Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Hong Kong, HK |
| Founded | 2020 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | HK virtual bank; SFC-aligned crypto services |
| Card | Visa · Debit |
| Cashback | Rewards |
| Yield | HKD/USD savers |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | Asia |
| Countries | Hong Kong |
| Founders | ZhongAn Online |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @zabankhk ↗
Common questions about ZA Bank
What is ZA Bank?
ZA Bank is a fiat neobank, headquartered in Hong Kong, HK and founded in 2020. Your money is held custodially, so ZA Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (HK virtual bank; SFC-aligned crypto services).
Does ZA Bank have a card, and where can you use it?
It issues a Visa debit card. It is available in Asia.
Does ZA Bank require KYC?
Yes. ZA Bank requires identity verification (KYC) to open an account, as a licensed bank.
What does ZA Bank cost?
From the verified fields: cashback Rewards; yield HKD/USD savers. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with ZA Bank before relying on them.
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
ZA Bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks that issue a Visa card (182)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.