Name
Certificate of Deposit
Introduction
Customers may be required to provide certificates of deposit because of self-funded study abroad, application for foreign immigrants, visiting relatives and travel abroad as well as other reasons.
Relevant Types Available to Issue Certificates of Deposit
1. RMB and foreign currency personal term deposit, including lump-sum term deposit, notice deposit, term-current optional deposit, installment fixed deposit, interest withdrawal termdeposit, education savings, term all-in-one account, etc.
2. RMB and foreign currency demand savings deposits, including ordinary current passbook and current all-in-one account.
Target Customers
Natural person with valid ID documents.
Process
Customers may go to any intra-net connected outlet of Bank of China, with personal valid identity documents and deposit receipt or passbook to handle the transaction. Both the proxy and the depositor shall provide their own valid identity documents when handling such transaction through proxy. And you can apply for the issuance of multiple copies of deposit certificates according to your need, and the service fee for each copy will be RMB 20.
Required Documents
Depositors should hold their valid personal identity documents and valid deposit voucher issued by Bank of China.
Kind Reminder
1. Bank of China will issue certificates of deposit in actual currency type deposited, and it is not allowed to issue certificates of deposit in another currency exchanged from the actual deposited currency.
2. Relevant account needs to be frozen for issuing certificates of deposit, and the valid time for certificate of deposit must be the same with the deposit frozen time. You can choose frozen days in need, and the shortest term is one day (e.g. the current date of issuing certificate of deposit).
3. If you need to release frozen deposit before its maturity date, then you must return all certificates of deposit concerning the frozen account back to Bank of China.
4. If you need to extend the valid period of deposit certificates, please go to Bank of China and repeat the procedures of filling in application form and issuing another certificate with handling fee paid.
5. Certificate of deposit has no function of economic guarantee and cannot be used for transfer or pledge.
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