For the Standard Chartered Dream Account, you need to have a minimum balance of HK$10,000. This might be good when my kid had saved up to HK$10K himself, then I might consider transferring him over.
I want to start him out with 'Zero' on the passbook, so that he could see his account grow from the money he puts in himself. Anyway, while walking around after I left SCB, I saw Bank of China and figured I'd just ask. They do have savings accts for kids and they do not have a minimum and no monthly charges unless the amount goes over HK$5K. The only 'pain' with this account is that whenever you need to make a deposit, you'd have to queue up for quite a bit. That said, my son didn't mind so much and he was very proud as he handed over his money to the teller. When he got his passbook back, he kept on looking at his passbook to see 'how much' he had...