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Thread: Can foreigners open bank accounts in China?
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[quote=BETWEENUS21,228727]Yes a foreigner can open a bank account in China - The best is to look for the Bank of China - and together with yr passport and local rmb currency to open a savings account - and u will get your ATM card instantly, and the savings book. However though, there is one thing - which is that the bank would require a local address (which u can actually use the hotel address u r in - just the road address minus the name of the hotel). Its best that u use Bank of China as it have its branches all over China - and even some overseas branches too and is the leading Bank. But since u will be visiting, its really not a problem as the Bank will hardly sent any letters to u - and before u leave the country, you can just keep only a very small amount as balance so that u can make use of it if u chose to return to China - otherwise u can take all yr money out.[/quote]
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