Many expats choose to open an account with the Bank of China (BOC), the leading commercial bank in China. It is advisable to find out in advance the specific requirements and procedures of the BOC bank branch in your city. The requirements for foreigners to apply for an account may vary ...
A guide to how to open a bank account in China. Includes simple 3-step process to open the China bank account & answers to common questions.
Why Do I Need To Open A Bank Account In China? Carrying cash is almost non-existent in China. But this isn’t the only reason you need to open a local bank account, here are other reasons to do so: Pay your tuition fee easily. Your university will require you to pay in RMB which...
To open Chinese bank accounts, it’s usually a requirement to visit a branch of the bank in person. It’s unlikely you’ll be able to open a bank account in China online. So unfortunately, this means you won’t be able to open a bank account in China from America. This can be inc...
In this case, it’s still relatively easy to open a bank account in mainland China. You will just need to answer a few questions about where you work, live, and the purpose of opening the bank account. If you have a tourist or business visa ...
You can open a Chinese bank account from abroad, but it’s not particularly easy. If you’re in the UK, you can open an RMB (Chinese Yuan) account with the Bank of China. However, you will still need to visit one of their branches in the UK to get this set up, so the process...
WHAT DO I NEED TO OPEN A CHINESE BANK ACCOUNT? There are a few things that you’ll need in order to open a bank account in China: A Passport:This should be obvious. Of course, that passport will need a valid Chinese visa, but if you’re already in China, we assume you have that...
What should I need to know to open a Chinese Bank Account? Maximum 4 things you may need in order to open a bank account in China: A Passport:The main thing you need is a valid passport. Without it, you will be unable to open a Chinese bank account. ...
2. Take a queue number and tell a member of staff that you want to open account. If there are a lot of other customers before you the staff will give yout the application form beforehand for you to write down your information to speed up the process. ...
Sasa LI RE: Chinese Banks tighten the policy for the sake of risk-control. How to open a bank account in China as a tourist? What kind of documents do you need to prepare? Sasa LI RE: 1. A China local mobile phone number ( Actually it is not matter whether the sim card is regist...