Can foreigners open bank accounts in China?

Start a Thread Start a Poll

Can foreigners open bank accounts in China?
Dec 3, 2014 19:56	#51
GUEST77434	Quote: Originally Posted by GUEST87214 Hello, can a foreigner who is on Tourist Visa open an account to banks in China? I have tried going to Minsheng Bank near Nanjing Rd in Shanghai to open a bank account with Internet Banking but they dont allow me to open an account because I am a foreigner. They said I must have a real home address in China... Hey, different banks have different requirements. Some banks require not only your home address but also your resident permit. However, some other banks just require your passport and valid visa. Perhaps, you may try to open an account in Bank of China.

Dec 3, 2014 19:56

#51

GUEST77434

Quote:

Originally Posted by GUEST87214

Hello, can a foreigner who is on Tourist Visa open an account to banks in China?

I have tried going to Minsheng Bank near Nanjing Rd in Shanghai to open a bank account with Internet Banking but they dont allow me to open an account because I am a foreigner.

They said I must have a real home address in China...

Hey, different banks have different requirements. Some banks require not only your home address but also your resident permit. However, some other banks just require your passport and valid visa. Perhaps, you may try to open an account in Bank of China.

Sep 17, 2018 20:29

#52

GUESTTAISHA

this is the latest. foreigners are no longer allowed to open bank accounts without proof of address, and employment. even if you already have a bank account, they will go back and verify your employment status. if you cant prove you are employed in china, or prove your address, then they will freeze your account. chinese proof of address doesnt mean walking in with a utility bill. they will come to your crib to verify that you live there. it's the strictest it's ever been. china went from being one of the easiest to one of the hardest. other hurdles you will have to cross are cell phone verification. the cell ph # has to be in your name in order for you to get a bank account. this means that only those with a permanent chinese ph # can have a bank account

Sep 17, 2018 20:39	#53
GUESTTAISHA	foreign bank of china branches are completely separate from the domestic ones. even if you have a foreign boc account, domestic branches cannot make transactions on it.

Page 6 of 6 < Previous Next > Page:

Post a Reply to: Can foreigners open bank accounts in China?