Statrys

What is Statrys?

Statrys is a Hong Kong-based financial technology platform that offers multi-currency business accounts, corporate services, accounting solutions, Mastercard payment cards, and FX services tailored for SMEs. The business account is designed for companies that need to send, receive, and hold funds across multiple currencies. It targets SMEs, startups, entrepreneurs, and international traders who want to manage cross-border payments without relying solely on traditional bank accounts.

The platform is not a bank. Statrys does not prominently publish specific regulatory license numbers on its main pages, so prospective clients should review its legal and compliance disclosures before applying. Hong Kong-based financial services and payment providers are typically subject to oversight from local authorities such as the Hong Kong Monetary Authority or other relevant agencies depending on the exact service offered, but users should not assume a specific license unless the provider states it clearly. The company emphasizes compliance and due diligence standards during onboarding and ongoing account use.

The business account is geared toward companies that operate internationally, especially those invoicing customers or paying suppliers in different currencies. Availability can depend on where your business is incorporated, your industry, and your company’s ownership structure. The provider currently highlights coverage connected to Hong Kong, Singapore, the Czech Republic, the United Kingdom, France, Malaysia, and China. Some sectors may face additional checks or restrictions, and certain jurisdictions may not be supported due to regulatory constraints. US citizens and residents are excluded from key company roles, and prohibited industries include cryptocurrency businesses and non-profits.

In short, it offers an alternative to traditional business banking by providing an online, multi-currency payments platform with an emphasis on transparent operations and responsive service. More than 10,000 SMEs and business owners use the service, with over $7 billion transferred and more than $2.5 billion in FX traded through the platform. While it is not a payment processor or payment gateway for card transactions, it functions as a business payments platform for domestic and international transfers, currency conversion, cards, company incorporation, and accounting support.

Statrys Key Features & Services

The service focuses on multi-currency business payments for companies that trade internationally. Below are core features described at a high level; for exact capabilities and any regional variations, refer to the business account page.

Multi-currency business account for global payments

The business account supports 11 currencies under a single account number: HKD, USD, EUR, CNY, SGD, JPY, GBP, CHF, AUD, NZD, and CAD. This setup reduces unnecessary conversions and helps firms price and settle invoices in the currency their customers or suppliers prefer. For example, an exporter billing overseas clients can receive funds in the client’s currency and later convert only what is necessary, potentially reducing FX costs. The account is managed online, with balances, transactions, and statements available from a single dashboard, making reconciliation and cash management easier for finance teams.

Local and international transfers with online tracking

Businesses can initiate local and cross-border payments from the interface. International payments are available across 120+ countries via SWIFT, while local transfers in 13 countries can offer faster delivery and lower costs in supported corridors. The dashboard provides status updates and references that help teams monitor payment progress and share details with counterparties. Incoming payments can be received from domestic and international partners, simplifying collections across multiple markets. For precise coverage, such as supported local payment schemes, cut-off times, and delivery estimates, the provider publishes corridor-specific information on its site.

Foreign exchange with transparent quotes

FX conversion is a central part of the business account. Companies can convert between supported currencies, view quotes before confirming a trade, and see the costs associated with conversions. Rates are based on real-time mid-market rates refreshed every 60 seconds, and FX fees start from 0.1%. Transparent pricing helps finance teams compare their effective rate to market benchmarks at the time of booking. This visibility can be especially useful for firms managing tight margins or those that reconcile invoices against budgeted FX rates. The service also supports spot orders and forex exposure hedging, although online FX trading is restricted to business hours, 8am to 8pm Hong Kong time, Monday to Friday. The FX market is closed on weekends and public holidays.

Online dashboard, user roles, cards, and reporting

The provider offers an online interface to view balances, search transactions, and download statements. Finance teams can set up access with different permissions, enabling segregation of duties for initiators, approvers, and viewers where available. The portal typically supports exports so teams can bring data into their accounting systems for reconciliation. Xero integration is available, allowing transactions and card payments to sync for multi-currency bookkeeping. Businesses with audit requirements will appreciate consistent transaction references, downloadable receipts, and dashboard controls that help document payment approvals and changes to beneficiary details.

Physical and virtual Mastercard payment cards are also available. These cards can be used anywhere Mastercard is accepted, with dashboard controls to freeze cards, set limits, and track spending in real time.

Compliance-led onboarding and ongoing monitoring

Given its focus on cross-border payments, the platform emphasizes thorough KYC/KYB checks during onboarding and ongoing monitoring thereafter. This includes verifying company ownership, business activity, and expected transaction patterns. Applicants can complete the process online in minutes, with account setup advertised within 3 days, no account opening fee, no initial deposit, and no monthly account fee. While checks can add steps to setup, they also align with regulatory expectations and help reduce interruptions once the account is live. Entities in higher-risk sectors or jurisdictions may face additional documentation requests.

The company also offers corporate services and accounting support. Its corporate services include Hong Kong and Singapore company registration support, company secretary services, registered address services, company chops, and assistance with the business account application. More than 1,600 companies have been registered in Hong Kong and Singapore through these services.

Statrys Pricing & Fees

The business account is free to open, with no initial deposit and no monthly fee. Exact payment costs can still vary based on your company profile, chosen services, currencies, and corridors. If you need a definitive quote, contact the provider or refer to its published fee schedule. Where specific prices are not published, expect pricing based on business needs.

Below is a high-level view of current fee categories relevant to the business account and related services. Use it as a checklist when reviewing current terms, and confirm the latest numbers directly with the provider.

Fee category	Current pricing	Notes
Business account opening	Free	No account opening fee.
Initial deposit	Free	No initial deposit required.
Monthly account fee	Free	No monthly account fee for the business account.
Supported currencies	Included	11 currencies under one account number.
Incoming and outgoing transfers	See fee schedule	Fees can differ by corridor, payment rail, and currency.
FX conversion	From 0.1%	Mid-market rates refreshed every 60 seconds; quote shown before conversion.
Corporate incorporation package	From HKD 7,875	Includes incorporation filings, government fees of HKD 3,750, registered address, company secretary services, company chops, and account application assistance.
Accounting Tier 0	HKD 891.67/month	For 0-2 transactions per month; HKD 2,675 billed upfront for 3 months.
Accounting Tier 1	HKD 976.67/month	For 3-5 transactions per month; HKD 2,930 billed upfront for 3 months.
Accounting Tier 2	HKD 1,203.33/month	For 6-10 transactions per month; HKD 3,610 billed upfront for 3 months.
Accounting Tier 7	HKD 2,600/month	For 41-65 transactions per month; HKD 7,800 billed upfront for 3 months.

What’s disclosed vs. not disclosed can change. Always refer to the current fee schedule and terms of service, and consider running a few sample scenarios (for your common currencies and routes) to understand total landed costs. This information is for educational purposes and does not constitute financial advice.

Pros and Cons

Pros

• Multi-currency control: Multi-currency balances help reduce unnecessary conversions, enabling companies to pay and collect in the currencies they use most. This improves control of FX exposure for global operations.
• Free account setup: The business account has no account opening fee, no monthly fee, and no initial deposit requirement, which lowers the cost of testing the service.
• Online onboarding: The application is 100% online, with account setup advertised within 3 days for eligible businesses.
• Global payment reach: Local and international transfers give businesses flexibility to settle invoices domestically where supported, or via international rails when needed. SWIFT coverage extends across 120+ countries, and local transfers are available in 13 countries.
• FX pricing: Transparent FX quotes before booking a conversion provide visibility into effective rates and total costs, aiding budgeting and margin control. FX fees start from 0.1%, with mid-market rates refreshed every 60 seconds.
• Accounting connection: Xero integration helps automate transaction and card payment syncing, which can reduce manual bookkeeping for small finance teams.
• Cards for teams: Physical and virtual Mastercard cards add spending controls, real-time tracking, and the ability to freeze cards from the dashboard.
• Business support services: Corporate incorporation and accounting services can help founders set up and maintain companies in Hong Kong and Singapore.

Cons

• Not a bank: Businesses that require traditional banking products like cheques, in-branch cash services, or loans will need additional providers.
• Licensing detail not prominently published: Specific regulatory license information is not clearly stated on the main pages, so applicants should check Statrys' current legal disclosures before relying on the service.
• Eligibility limits: Availability can depend on jurisdiction, business activity, and ownership; some companies may face restrictions or longer onboarding timelines.
• US role restriction: US citizens and residents are excluded from key company roles, which can rule out some founder and shareholder structures.
• Prohibited industries: The prohibited list includes cryptocurrency businesses and non-profits, among others.
• FX trading hours: Online FX trading is restricted to 8am to 8pm Hong Kong time, Monday to Friday. FX is closed on weekends and public holidays.
• Not a payment gateway: Ecommerce merchants needing integrated checkout may require a separate payment processor.
• Extra documentation: Additional documentation may be requested for higher-risk industries, which can lengthen setup compared to simple domestic accounts.

Who Is Statrys Best For?

Statrys is best for SMEs, startups, entrepreneurs, Hong Kong businesses, and Singapore businesses that need a multi-currency business account to handle routine cross-border payments. If your company invoices clients in different currencies, pays overseas suppliers, or holds balances to manage timing of conversions, the business account can serve as a primary operating account or an adjunct to a traditional bank. Typical use cases include ecommerce sellers working with global marketplaces, agencies and consultancies billing international clients, and import/export firms buying and selling across Asia and beyond.

Companies processing frequent cross-border payments in moderate volumes often gain the most value. For instance, businesses moving between the equivalent of $20,000 and $2 million per month across several currencies can benefit from visibility into FX quotes and the ability to hold funds before converting. Finance teams that prefer online workflows, user roles, card controls, Xero syncing, and exportable statements will also find the tooling suitable for month-end close and audit requests.

The service is less suited to organizations that require a full-service bank with physical branches, cash deposits, cheques, or lending facilities. High-risk industries and entities in restricted jurisdictions may face additional checks or may not be eligible. Merchants needing a payment processor or payment gateway for online checkout will likely need a separate provider for card acceptance and merchant acquiring.

Statrys Alternatives

• Wise: Better for companies prioritizing low-cost currency conversion and widely supported local account details in major markets. Wise provides detailed, upfront FX markups and is strong for frequent international transfers and batch payouts.
• Airwallex: Suited to businesses that need multi-currency accounts plus developer-friendly APIs for treasury workflows. Airwallex is strong on global collection accounts and offers integrations that appeal to tech-enabled finance teams.
• Revolut Business: A good fit for SMEs needing multi-currency accounts with integrated team cards, expense controls, and budgeting tools. Revolut Business is often chosen when businesses want spending management alongside international payments.
• Payoneer: Works well for ecommerce sellers and freelancers collecting from marketplaces and global clients. Payoneer offers receiving accounts in multiple currencies and payouts to local bank accounts, with broad marketplace integrations.
• Mercury: Suitable for US startups that need a digital-first business account with FDIC-insured partner banks and modern tooling. Mercury can complement a cross-border account when a US operating account is required for dollar billing and domestic payments.

Frequently Asked Questions

Is Statrys a bank?

No. It is a Hong Kong-based financial technology platform, not a traditional bank. It offers business accounts, payments, FX, cards, corporate services, and accounting support.

Is Statrys free to open?

Yes. The business account has no account opening fee, no initial deposit, and no monthly account fee. Transfer and FX costs can still apply depending on the payment route and currency.

What currencies does Statrys support?

The business account supports 11 currencies: HKD, USD, EUR, CNY, SGD, JPY, GBP, CHF, AUD, NZD, and CAD. These currencies sit under one account number.

How fast is Statrys onboarding?

Eligible companies can apply online in minutes, and the provider advertises account setup within 3 days. Timelines can be longer if extra KYB documents are needed.

Does Statrys offer cards?

Yes. Physical and virtual Mastercard payment cards are available, with dashboard controls to freeze cards, set limits, and track spending.