RMB Deposit Products
CNY account provides a flexible and convenient way to keep your Chinese currency funds within Australia. Customers may access their account using either a passbook or a periodic statement.
FEATURES
- CNY deposit and withdrawal service within Australia.
- Free passbook or periodic bank statements.
- Saving account interest paid for the balance over ￥5,000.00.
- Unionpay debit card facility for CNY saving account as sub-account.
- CNY term deposit also available for balance over ￥5,000.00.
CNY Demand Deposit Account
Features
| Particulars | Charges | Remarks |
| CNY Demand Deposit Account | ||
| The initial amount to open a Transaction Account | CNY5, 000.00 | Subject to individual accounts. |
| Minimum balance required | CNY5, 000.00 | Same as above |
| Account Keeping Fees (if monthly average balance is below min. balance requirement) | CNY30.00 per month | Same as above |
| Account closure within 6 months of opening date | AUD30.00 per account | This fee will be applied if there is no additional account with bank. |
| Cash transaction fee: Withdrawal /deposit of CNY cash |
1.50% | Withdrawal of CNY cash is subject to note availability. |
| Statements | Free | Non-passbook account holders will normally receive a statement monthly, unless no transactions have taken place. |
How to apply
- Visit your local BOC Branch
- Contact our Customer Representative on 1800 228 688 (Mon-Fri 9.30am-5.30pm Sydney Time).
- E-mail: rbk_au@bank-of-china.com
