Banking
Opening a personal bank account in China is quick and simple. You bring your passport to the bank and fill out a simple form. It takes 10 minutes. Like Hong Kong, you do not need to have a residence permit or a letter of introduction to open an account. There is no minimum deposit requirement and no service charge. You receive a bank book and an ATM card (there's a nominal charge for this).
The bank book acts as your statement (you will not receive statements by post). The ATM card can be used for cash withdrawal and as a debit card at supermarkets and major retail outlets throughout the country. However, the bank book cannot be used to withdraw cash outside the city in which your account is registered. Accounts are multi-currency (including USD, HKD, EUR, AUD & YEN). You can transfer a range foreign currency from abroad into China but you cannot transfer Ren Min Bi into China. Transfers from abroad take 3-5 days to arrive in China.
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Major Banks |
Citi Bank Add: Unit109-110, 1/F, Kerry Center, 1 Guanghua Lu,Chaoyang 光华路1号嘉里中心商场首层109, 110单元 Tel: 6561-8800 www.citibank.comOpen Mon-Fri 9am-4:30pm, Sat 9am-3pm |
Add: Rm.101, Bldg 1, Bright China Chang'an Building, 7 Jianguomen Neidajie,Jianguomen 建国门内大街7号光华长安大厦1座101室 Tel: 6510-2933 www.citibank.comOpen Mon-Fri 9am-4:30pm, Sat 9am-3pm |
CITIC Industrial Bank Add: Bldg F, Fuhua Mansion, 8 Chaoyangmen Beidajie,Dongsishitiao 朝阳门北大街8号富华大厦F座 Tel: 6554-1182 www.ecitic.comOpen 9am-5:30pm |
Add: Investment Square, 27A Financial Street,Xidan/Financial Street 金融街甲27号投资广场 Tel: 6629-3006 www.ecitic.comOpen 9am-5:30pm |
Add: 13 Guangming Lu,Chongwen 光明路13号 Tel: 6713-2929 www.ecitic.comOpen 9am-5:30pm |
Add: 19 Jianguomen Waidajie 建国门外大街19号 Tel: 6512-5582 www.ecitic.comOpen 9am-5:30pm |
HSBC Hong Kong and Shanghai Banking Corporation Add: Shop W102/104, 1/F, West Wing, Beijing Lufthansa Center,50 Liangmaqiao Lu,Nuren Jie 亮马桥路50号北京燕莎中心西楼W102/104铺位 Tel: 8451-9500 www.hsbc.com.cnOpen Mon-Fri 9am-5pm |
Add: 1/F, Bldg A, COFCO Plaza, 8 Jianguomen Neidajie,Jianguomen 建国门内大街8号中粮广场A座1层 Tel: 6526-0668 www.hsbc.com.cnOpen Mon-Fri 9am-5pm |
Add: Rm.L129,1/F China World Shopping Mall, 1 Jianguomen Waidajie 建国门外大街1号国贸商城1层L129室 Tel: 5866-9866 www.hsbc.com.cnOpen Mon-Fri 9am-5pm |
Add: UnitB1,B2, 1/F Cyber Tower, 2 Zhongguancun Nandajie,Haidian 中关村南大街2号北京科技会展中心数码大厦A座一层B1B2单元 Tel: 6215-9288 www.hsbc.com.cnOpen Mon-Fri 9am-5pm |
China Construction Bank Add: 25 Jinrong Jie,Xidan/Financial Street 金融大街25号 Tel: 6759-7114 www.ccb.cnOpen 9am-5pm |
Add: 34 Xidan Beidajie,Xidan/Financial Street 西单北大街34号 Tel: 6602-2370 www.ccb.cnOpen 9am-5pm |
China Merchants Bank Add: B1, Kerry Centre,1 Guanghua Lu,CBD/Guomao 光华路1号,嘉里中心地下1层 Tel: 8529-6379 www.bj.cmbchina.comOpen 9am-6pm |
Add: PE303-07, Oriental Plaza, 1 Chang'an Jie,Wangfujing 长安街1号东方广场PE303-07 Tel: 8518-6729 www.bj.cmbchina.comOpen 9am-6pm |
Add: 1/F, Bldg C, International Enterprise Building, 35 Finance Street 金融街35号国际企业大厦C座1层 Tel: 8809-1254 www.bj.cmbchina.comOpen 9am-6pm |
Add: B1, Beijing International Meeting Centre，8 Beichen Donglu,Olympic Area 北辰东路8号北京国际会议中心地下1层 Tel: 8498-7476 www.bj.cmbchina.comOpen 9am-6pm |
Add: 1/F, Splendid Times Building, 56 Beisihuan Xilu,Haidian 北四环西路56号辉煌时代大厦1层 Tel: 6269-5363 www.bj.cmbchina.comOpen 9am-6pm |
Industrial and Commercial Bank of China Add: Bldg 8, Chongwenmen Dongdajie,Chongwen 崇文门东大街8号楼 Tel: 6718-6321 www.icbc.com.cnOpen 9am-5pm |
Add: TianYin Building, 2 Fuxingmen Nandajie 复兴门南大街2号天银大厦 Tel: 6641-0055 www.icbc.com.cnOpen 9am-5pm |
Add: 55 Fuxingmen Neidajie,Xidan/Financial Street 复兴门内大街55号 Tel: 6610-7232 www.icbc.com.cnOpen 9am-5pm |
Add: 100 Zhongguancun Donglu,Haidian 中关村东路100号 Tel: 6252-8814 www.icbc.com.cnOpen 9am-5pm |
Agricultural Bank of China Add: 1 Tiantannei Dongli,Chongwen 天坛内东里1号天，坛附近 Tel: 6701-7692 www.abchina.comOpen 9am-5pm |
Add: 47 Tianqiaoshichang Xiejie ,Xuanwu,near Natural Museum 天桥市场斜街47号，光明桥附近 Tel: 8313-5087 www.abchina.comOpen 9am-5pm |
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Add: Bldg 826, Jingsong Baqu,Chaoyang;near Guangming Bridge 劲松八区826号楼,光明桥附近 Tel: 6774-4389 www.abchina.comOpen 9am-5pm |
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Banks in China have web banking services, but functionality is limited. You can check your balance, and in some cases, pay your telephone bill and make online transfers. Most (but not all) branches are open 09:00 - 17:00, 7 days a week. Note that joint-accounts and private checking accounts are not possible at Chinese banks. Also, with the exception of travelers cheques, foreign cheques are not cashable here. HSBC, Citi and Standard Chartered have retail banking outlets in China. Most foreign credit cards can be used to withdraw cash at the city's ATMs. If you intend on withdrawing large sums, ask your bank about the daily or monthly withdrawal limits.
Lastly, it's best to do your banking early in the morning. Queues at Banks can be long, especially on Mondays, Fridays and at the end of the month.
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