Thank you for choosing Bank of China for RMB Business. For any query, please contact us by phone or email. We kindly suggest you consult with Bank of China London Branch before doing the business due to frequently change in RMB business regulations.
Bank of China currently offers the following kinds of RMB products and services in UK:
1. RMB Current Account
RMB current accounts do not earn interest. RMB current account is not only for receiving and paying-out RMB funds, but also for converting the RMB funds to foreign currencies. The balance in RMB current account could be transferred to interest bearing fixed term saving deposit subject to company regulations.
RMB Current Account
2. RMB All-in-One Fixed Term Deposit Account
Our RMB All-in-One Fixed Term Deposit account offers various fixed terms to suit customers’ needs. Customers can choose from one month, three months, six months and twelve months. Other terms are also available subject to negotiations with the bank.
Please click here for further details about All-in-One Fixed Term Deposit Accounts and relevant Terms & Conditions and Tariff.
3. RMB Cross-border Trade Settlement
Bank of China (UK) limited provides enterprise customers various types of cross-border RMB products and RMB trade finance products including Letter of Credit, Documentary Collection, Telegraphic Transfer and Letter of Guarantee. All the existing international settlement and trade finance products of Bank of China London Branch are applicable to RMB cross-border trade settlement.
RMB Cross-border Trade Settlement
4. RMB Wholesale Banknotes
At Bank of China (UK) limited, we can offer RMB Banknote Wholesale Services to financial institutions and other organizations to meet your financial needs.
RMB Wholesale Banknotes