Risk Disclosure:- Currency conversion risk - the value of RMB deposit will be subject to the risk of exchange rate fluctuation. If Account Holders choose to convert RMB deposit to other currencies at an exchange rate that is less favorable than that in which Account Holders made original conversion to RMB, Account Holders may suffer loss in principal.
- RMB is currently not freely convertible. For personal Account Holders, conversions conducted through RMB deposit accounts with banks in Hong Kong are subject to the limit of up to RMB20,000 per person per day. Account Holders should allow time for conversion of RMB from / to another currency of an amount exceeding the daily limit.
From now on, you may enjoy the following fabulous offers for RMB deposit service:
- Preferential Interest Rate for RMB Deposits
Savings deposit rate at 0.448% p.a. - Waiver of handling fee for banknote deposit / withdrawal of RMB 50,000 or below
- Waiver of setup fee of HK$70 for standing instruction of buying or selling RMB
- Preferential interest rate with interest paid once a month
- Hassle-free RMB auto-exchange and auto-deposit placement via standing instruction
- Options of passbook savings account and statement savings account
- Minimum initial deposit amount as low as RMB 100
- Only Renminbi Savings Account holders aged 18 or above are eligible to open Renminbi Current Accounts
- Issue personal RMB cheques to pay for consumer spending within Guangdong Province (including Shenzhen) in Mainland up to a daily accumulative payment limit of RMB80,000
- Issue RMB cheques for payment and transfer with no amount limit in Hong Kong
- Minimum initial deposit amount as low as RMB2,000
- Preferential interest rate
- Flexible tenor of 1 month, 2 months, 3 months, 6 months and 12 months
- Minimum deposit amount as low as RMB 10,000
- Favorable interest payment of 50% higher than local RMB interest payment
- Easy account opening
Services Summary
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Savings Account
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Fixed Deposit
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Target Customer#
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Individual Customers/ Designated Business Customers
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Interest Payment
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Interest paid once a month and calculated on a 360-day annual basis
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Interest paid upon maturity and calculated on a 360-day annual basis
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Service Hours
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From Mon to Sat during office hours (except public holidays)
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From Mon to Fri during office hours (except public holidays)
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Available Banknotes
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Only banknotes denominated in RMB 10, 20, 50 and 100 are available for deposit and withdrawal transactions
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Others
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No personal joint account is allowed
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Notes:
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#Target Customer:
Individual Customers: For HKID card holders aged 18 or above
Designated Business Customers: Deposit/ Exchange services are available upon application approval - Designated business customers refer to i) Hong Kong establishments providing retail, catering, accommodation, transportation, communications, medical and educational services (not including money changers, property agents, stockbrokers, financial institutions and gambling establishments); and who ii) Have had banking relationship with the Bank for 3 years or above (For customers with less than 3 years of banking relationship, evidence of engaging in related services is required).
- All the information set out above is provided to the best of the Bank's knowledge and understanding of the Relevant Rules. Account Holder should also comply with any updates that shall be published or issued by the Bank at any time and from time to time and any latest guidelines issued by the regulatory authorities.
- For opening any RMB account, all relevant terms and conditions of the Bank shall apply. For enquiry, please call or visit any of our branches.
Enquiry
Customer Service Hotline : 8107 0818
For details and charges of RMB Services, please contact any of our branches.
For details and charges of RMB Services, please contact any of our branches.
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