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Introduction
This is a non-interest bearing statement-based Renminbi denominated current account. The flexible tenor facilitates your RMB Remittance, RMB Exchange, Cash Deposit and Withdrawal requirement.
At present, RMB current account is a non-chequeing account and it is without an overdraft facility.
Product Features
Statement-based RMB current account.
Single or Joint account
Initial deposit of RMB10,000 is required.
Service charge will be charged if the monthly average balance is less than RMB10,000.
Eligibility
Singapore Citizen, Permanent Resident, Foreigner who holds employment pass, work permit or student pass with valid ID and Passport.
Application requirements
Customers must be at least 21 years old.
Application Procedures
For Singapore Citizen and Permanent Resident, please bring your NRIC. For Foreigner, please bring your valid travel documents, pass and proof of address.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Please visit www.sdic.org.sg for full details.
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