Bank of China Account Type

Bank of China offers various types of accounts tailored for different customer needs, particularly in the realm of trading. These accounts include:

• RMB Current Account: Designed for individuals and businesses to manage their funds in Renminbi (RMB) with no account opening or management fees.
• Business Accounts: Available in multiple currencies (GBP, USD, EUR, RMB, etc.), offering low management fees and no cash withdrawal fees.
• Student Prime Account: Specifically for students needing a UK bank account, providing no management fees and a sterling debit card for commission-free cash withdrawals.
• Savings Accounts: Options include fixed-term deposit accounts and instant access savings accounts without management fees.

These accounts are suitable for both personal and corporate banking needs, with a strong emphasis on RMB services.

Bank of China Broker Account Opening Process

Opening a trading account with Bank of China involves a structured process:

• Application Form: Fill out the application form with detailed business profile information, including citizenship, occupation, existing bank accounts, and business activity.
• Document Submission: Provide required documents, such as a valid business registration certificate, identification documents of directors and major shareholders, and proof of business activities.
• Verification: The bank will review the submitted information and documents.
• Account Activation: Upon approval, customers must activate their accounts by visiting a designated branch with valid identity documents.
• Funding the Account: After activation, customers can fund their accounts and begin trading.

The entire process is designed to be straightforward and efficient, typically taking a few business days for completion.