RMB Deposit

Currently, Bank of China QFC branch offers two types of RMB deposit products - RMB savings account and RMB fixed deposits accounts. Fixed term deposit accounts consists of  7 days, 1 month, 2 months, 3 months, 6 months and 1 year etc. Clients have the option of automatic rollover after maturity date or early withdrawal before maturity date.

RMB Exchange

RMB exchange refers to the exchange of RMB by company  under People’s Bank of P.R China and QFC’s control regulations.

RMB Pre-settlement Remittance

RMB pre-remittance is a product which combines RMB exchange and international remittance.  Clients can remit their money in the form of USD using real time exchange rates from their BOC account to beneficiary’s account with any Bank in China. Receiving Bank will convert USD into RMB automatically.