Renminbi ("RMB") Services for Individual Client
1.RMB Deposit
You may deposit RMB cash (RMB 50 and RMB 100 only) directly into the account or convert CAD/USD to RMB over-the-counter at the prevailing exchange rate and deposit into your account (excluding Montreal branch).
Passbook Savings Account (interest bearing)
Term Deposit
Terms available: 1-month, 2-month, 3-month, 6-month and 12-month
Non-redeemable term deposit
Automatically renew on maturity
2.RMB Pre-settlement Remittance
You can transfer CAD or USD to Chinese citizens in mainland China after converting to RMB. The beneficiary's Chinese ID number must be provided and the beneficiary cannot receive more than the equivalent of USD50,000 per year.
3.RMD Exchange and Cash Services
You may withdraw RMB cash in our branches (excluding Montreal branch). You may exchange CAD/USD to RMB or RMB to CAD/USD at the prevailing exchange rate, convenient and no extra charge.
