Corporate Notice Deposit is a type of corporate deposit where corporate clients do not agree on a deposit term when making the deposit; instead, they shall notify the bank one day or seven days in advance of the intended withdrawal date and the amount when they need to withdraw funds. It includes Renminbi Corporate One-Day Notice Deposit, Renminbi Corporate Seven-Day Notice Deposit, and Foreign Currency Corporate Seven-Day Notice Deposit.
For RMB Corporate Notice Deposit, the minimum deposit amount is 500,000 yuan, which must be deposited in full in a single transaction. Withdrawals can be made in full or in part; each partial withdrawal amount shall not be less than 100,000 yuan, and the remaining amount after withdrawal shall not be less than the minimum deposit amount.
For Foreign Currency Corporate Notice Deposit, the minimum deposit amount is $50,000 or the equivalent in foreign currency, which must be deposited in full in a single transaction. Withdrawals can be made in full or in part; each partial withdrawal amount shall not be less than $10,000 or the equivalent in foreign currency, and the remaining amount after withdrawal shall not be less than the minimum deposit amount.
Corporate clients shall notify the bank one day or seven days before the formal withdrawal, specifying the agreed withdrawal date and amount. When the full amount of the Corporate Notice Deposit is withdrawn, interest is calculated at the corresponding notice deposit rate on the withdrawal date. In the case of partial withdrawal, the remaining amount shall still have its deposit term calculated from the original account-opening date.
For specific procedures and important notes, please refer to the BOC official website (Chinese version) or consult the local BOC branch.
Comprehensive Operating Companies