Product Overview

A bank confirmation letter refers to the written document issued by BOC as required by the accounting firm in the name of the audited enterprise to verify whether the enterprise's corporate business and capital contribution at BOC are true, legal and complete during the audit process.

Meeting the needs of corporate clients entrusting accounting firms to verify their businesses established at BOC.  

Target Clients

A BOC bank confirmation letter is issued at the request of an accounting firm in the name of the audited enterprise. 

Scope of Business

Bank confirmation letters include the following contents: deposits, loans, cancellations of accounts, entrusted loans, guarantees, bank acceptance bills, discounts of commercial bills of exchange, collection of commercial bills of exchange, letters of credit, foreign exchange purchase and sale contracts, custody of securities or other property rights documents, banking financial products, capital collection and other corporate businesses and investment by investors (shareholders).

Application Terms

The accounting firm entrusted by the BOC corporate client may apply for the bank confirmation letter business.

The format of the bank confirmation letter shall conform to the relevant requirements of the "Confirmation Notice" and "Operation Guidelines". For items that do not need confirmation, please mark the items or fields with a slash and leave no blank space.

For the capital verification query of an accounting firm, BOC may provide the capital verification business confirmation letter or transaction settlement certificate based on the funds available in the queried account.

All bank confirmation letters must be signed by BOC's corporate clients and affixed with the seal of the queried account reserved by the bank. If the bank confirmation letter is multiple, it must be affixed by the client with a paging seal or a stamp.

For audited clients with canceled accounts who cannot provide valid seals reserved by the bank, in order to prevent the risk of customer information disclosure, the accounting firm is requested to provide the audited client’s identity verification materials and detailed information in the bank confirmation letter.

Notes

Fees and charges: The service content and fees and charges of the BOC bank confirmation letter shall be implemented in accordance with the service price list of BOC published on the official website.

Verification with reply seal: The reply seal of BOC bank confirmation letter is especially for electronic business. The accounting firm can log in to the "Business Verification" module on the BOC official website and input the business verification code on the reply seal and the printing date of the reply letter for verification.

Complaints and suggestions: If any queries on the BOC bank confirmation letter, please mark the items and ask for a second confirmation. For other questions or suggestions, please call BOC customer service hotline on 95566 or consult the staff of BOC branches.