Introduction
This is a non-interest bearing statement-based Renminbi denominated current account. The flexible tenor facilitates your RMB Remittance, RMB Exchange, Cash Deposit and Withdrawal requirement.
At present, RMB current account is a non-chequeing account and it is without an overdraft facility.
Product Features
Statement-based RMB current account.
Single or Joint account
Initial deposit of RMB10,000 is required.
Service charge will be charged if the monthly average balance is less than RMB10,000.
Eligibility
Singapore Citizen, Permanent Resident, and Foreigners with valid pass (Work Pass/ Student Pass/Long Term Visit Pass/Dependent Pass).
Application requirements
Customers must be at least 21 years old.
Application Procedures
1. Online Application (For New-To-Bank customers): Click https://cloud.bankofchina.com/sgp/boc_ao/static/boc_ao/index.html or tap “Accounts via MyInfo” on the main page of your Mobile Banking app.
2. Online Application (For existing customers): Click “Apply for an Account” on the main page of your Online Banking or Mobile Banking app after logging in.
3. Visit your nearest BOC branch with the necessary documents to open the account:
For Singapore Citizens and Permanent Residents, please bring along your original NRIC. For Foreigners, please bring along your Passport, Work Pass/Student Pass/Long Term Visit Pass/Dependent Pass (at least 6 months validity), and proof of address (e.g. bank statement/utility bills/mobile bills within 3 months etc.)
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Please visit www.sdic.org.sg for full details.
