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Retail Banking Services

Personal Renminbi (RMB) Services

Public Bank (Hong Kong) offers you with RMB deposits, exchange and remittance services to meet your financial needs

Deposit

Savings Account

l Preferential interest rate with interest paid once a month

l Hassle-free RMB auto-exchange and auto-deposit placement via standing instruction

l Options of passbook savings account and statement savings account

l Minimum initial deposit amount as low as RMB 100

Fixed Deposits

l Preferential interest rate

l Flexible tenor of 1 month, 2 months and 3 months

l Minimum deposit amount as low as RMB 10,000

Fixed Deposits at Shenzhen Branch

l Favorable interest payment of 50% higher than local RMB interest payment

l Easy account opening

Exchange Service

l Two-way exchange service for RMB and HKD

l Exchanges can be made in cash or through account transfer

l Preferential exchange rates

l Exchange handling fee waiver for the Bank’s customers

Remittance Service

l RMB outward remittance service to bank accounts in Mainland China

l Hassle-free standing instruction for regular remittance

l Low remittance handling fee

Personal RMB Service Summary

RMB Deposits

	Savings Account	Fixed Deposit
Target Customer#	Individual Customers/ Designated Business Customers
Interest Payment	Interest paid once a month and calculated on a 360-day annual basis	Interest paid upon maturity and calculated on a 360-day annual basis
Service Hours	From Mon to Sat during office hours (except public holidays)	From Mon to Fri during office hours (except public holidays)
Available Banknotes	Only banknotes denominated in RMB 10, 20, 50 and 100 are available for deposit and withdrawal transactions
Remarks	No personal joint account is allowed

RMB Exchange Service

Target Customer#	Individual Customers	Two-way exchange service for RMB and HKD
	Designated Business Customers	Only RMB-to-HKD one-way exchange service
Transaction Limits	Individual Customers	Exchange via RMB account
		RMB to HKD	Maximum RMB 20,000 equivalent per person per day
		HKD to RMB
		Exchange via RMB account
		RMB to HKD	Maximum RMB 20,000 equivalent per person per transaction
		HKD to RMB
	Designated Business Customers	RMB to HKD	No limit is set
		HKD to RMB	No service is provided
Service Hours	From Mon to Sat during office hours (except public holidays)
Available Banknotes	Only banknotes denominated in RMB 10, 20, 50 and 100 are available

RMB Remittance Service

Target Customer#	Individual Customers
Transaction Limit	Maximum RMB 80,000 per person per day
Service Hours	Mon to Fri from 9 a.m. to 3 p.m. (except public holidays in Hong Kong and Mainland China)
Remarks	l Customer must maintain a RMB deposit account with the Bank l The name of the beneficiary and the name of the remitter must be the same l The remittance amount must be debited to the Bank's RMB deposit account l Customer has to provide the standard Chinese code of his/ her name for outward remittance l Any unused funds can be remitted back to Hong Kong

	#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:
	a)	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
	b)	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).
	For details and charges of RMB Services, please call our customer service hotline at 8107 0818 or contact any of our branches.