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Premium Chequing Account


 

Product Name

Premium Chequing Account

Product Description

Premium chequing account is a high rewarding flexible account that enables one to issue personal cheques, to conduct regular spending, regular cash transactions, and transfer between BOCC accounts and issue personal cheques etc.

Currency

CAD

Feature

1. Interest is calculated based on the daily balance and paid at the end of each month;

2. Unlimited debit transactions;

3. Monthly maintenance fee will be waived if  daily closing balance of $5, 000.00 or more is maintained on this account.

Target Customers

Any customers with spare high value capital; need to issue cheques; more debit transactions needed in daily banking operations.

Process

The customer goes through relevant procedures at any branches of Bank of China (Canada) with relevant identity documents.

Required Identity Documents

1. Two pieces of valid IDs are required to open the account; one must be a photo ID (e.g. passport, permanent residence card, citizenship card, or valid Canadian driver’s license and etc.);

2. According to Canada’s regulation, all Canadian residents must provide SIN to open any interest bearing account for tax purpose.

Kind Reminder

Foreign currency deposits are not insured by the Canada Deposit Insurance Corporation (CDIC).

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