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Renminbi Services

 

RMB Saving Account

  • No initial deposits required.
  • Customer are provided with a passbook of Multi-Currencies, allowing to deposit of RMB and other foreign currencies.
  • Handling fee will not be charged if the deposit / withdrawal transaction is made under RMB20,000.
  • Various channels will be provided towards customers for managing their RMB account including Internet Banking, Phone Banking, Kiosk and any of our branches.
  • Competitive interest rate to RMB deposits will be obtained monthly.
  • No upper limit for the account balance.

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RMB Current Account

  • No initial deposits required.
  • Renminbi cheques can be issued for the purpose of making payments for personal consumer spending in Guangdong Province (including Shenzhen) and/or used in Hong Kong.
  • Use of Renminbi cheques in Guangdong Province (including Shenzhen) is subject to the maximum amount per cheque of RMB 80,000 and the daily clearing limit of RMB80,000.
  • Use of Renminbi cheques in Hong Kong should comply with the usual banking practices in Hong Kong.

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RMB Time Deposit

  • Tenors available are 1 week, 2 weeks, 1 month, 2 month, two months, 3 months and 6 months.
  • Minimum deposit amount will be equivalent to HKD10,000. (For tenors of 1 week and 2 weeks)
  • Minimum deposit amount will be equivalent to HKD10,000. (For tenors of 1 month, 2 months, 3 months and 6 months)
  • 3 tenors of RMB Club Deposits are available including 12 months, 18 months and 24 months.
  • Minimum deposit amount of RMB500 for Club Deposits.

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RMB Fund Transfer Services

  • Funds can be transferred to accounts under the same holder or 3rd party. (Only available on Over-The Counter)
  • No Upper Limit of transfer. (Only available on Over-The Counter)

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RMB Exchange Services

  • Notes Exchange are available upon all Bank of Communications Branches in Hong Kong.
  • Various channels will be provided towards customers for exchanging their RMB to Hong Kong Dollars including Internet Banking, Phone Banking, Kiosk and any of our branches.
  • For account holders of Bank of Communications, handling fee will not be charged for the exchange of RMB towards other currencies.
  • Exchange through account is limited to a maximum of RMB20,000 or equivalent per person per day.
  • Limit of the notes exchange is not more than the equivalent of RMB20,000 per person per transaction.

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RMB Non-Deliverable Forward Contacts

  • No principal will be settled under the forward contract.
  • Only the difference between the agreed forward contact rate and spot rate will be settled upon the maturity date of the contract.
  • To fix the exchange rate through buy / sell forward contract.
  • Tenors available are 1 month, 2 month, 3 months, 6 months and 12 months.
  • Minimum contract size is USD10,000.

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Dual Currency Card

Introduction of Dual Currency Card
Bank of Communications is striving for diversifying its banking services. This enables you to manage your Multi Currency Account in HKD and RMB, through any ATMs in Mainland China, Hong Kong and Macau.
Once you own a Multi Currency Account with Bank of Communications and have reached the age of 18, you can apply for a "Dual Currency card" and enjoy the various ATM services in Mainland China, Hong Kong and Macau.

 dualCard

Dual Currency Card Services Features


Services Features

JETCO ATMs in Hong Kong and Macau

Union Pay ATMs/Network in Mainland China

Balance Enquiry

Balance in HKD from Multi Currency Account

Balance in RMB from Multi Currency Account

Cash Withdrawal

Withdrawal currency in HKD from Multi Currency Account

Withdrawal currency in RMB from Multi Currency Account

Union Pay Purchase (Mainland China only)

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Withdrawal currency in RMB from Multi Currency Account

In addition, you can enjoy other services including JET PAYMENT, PPS, EPS, purchase of HKJC Cash Voucher, fund transfer, PIN change, request statement and request cheque book in Hong Kong.

‘Union Pay' Services in Mainland China
You are allowed to withdraw RMB and/or purchase and/or balance enquiry in RMB from your own Multi Currency Account through any ATMs/network marked with "Union Pay" in Mainland China (not including Macau). There is no exchange difference and minimize the risk of being carried too much cash.

Note: Limit for ATM Card and Dual Currency Card is HKD20,000.00 or equivalent each card per day for cash withdrawal and purchase in Mainland China. Other transactions (including Jockey Club cash voucher purchase, EPS/PPS/JET payments, fund transfer to account not in the same card and Interbank fund transfer) are subject to a daily limit of HKD50,000.00 per ATM Card or Dual Currency Card.
ATM Service in Hong Kong and Macau
JETCO
ATMs machines with ‘JETCO' logo can provide cash withdrawal, transfer, balance enquiry and PIN changing services.
Interbank Transfer
ATMs machines with the above logo will facilitate Interbank Transfer between JETCO member banks.
JET PAYMENT
You can settle your bills at any ATMs with ‘JET PAYMENT' logo and transaction slips will be issued for your record.
Payments by Direct Debit
PPS
Registration at any PPS terminals with your Dual Currency Card is free of charge. PPS provide a 24-hour bill payment service through tone-dial phones and internet.
Purchase
EPS
You may enjoy purchasing at shops with "EPS" logo by direct debiting your account with Dual Currency Card, transaction slips will be issued for you record.
Hong Kong Jockey Club Cash Voucher
You can purchase the Hong Kong Jockey Club Cash Voucher at any HKJC terminals, after you activate of this service at any of our branches.

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For enquiries, please visit any of our branch and sub-branches or call our customer service hotline.