NCB CHINA Forex Broker

NCB CHINA Review SummaryFounded2007Registered Country/RegionHong KongRegulationNo regulationServicesCertificate of deposit, supply chain financing, corporate account overdraft, corporate e-banking services, personal online banking foreign exchange service, personal cross-border remittance servicePlatform/APPNCB CHINA app, NCB CHINA E-BankingCustomer Support24/7 supportTel: 95327Postal Code: 200122Email: customer_services@ncbchina.cnAddress: Customer Service, Floor 14, 898 Puming Road, Pudong New Area, Shanghai, ChinaNCB CHINA Information Founded in Hong Kong in 2007, NCB CHINA is an unregulated bank, offering services in certificate of deposit, supply chain financing, corporate account overdraft, corporate e-banking services, personal online banking foreign exchange service, and personal cross-border remittance service.Pros and ConsPros Cons Long operation timeLack of regulationVarious financial services offeredComplex fee structurePopular payment options24/7 customer supportIs XX Legit? No. NCB CHINA currently has no valid regulations. Please be aware of the risk!ServicesServices SupportedCertificate of deposit✔Supply chain financing✔Corporate account overdraft✔Corporate e-banking services✔Personal online banking foreign exchange service✔Personal cross-border remittance service✔NCB CHINA Fees NCB CHINA offers flexible fee structures. More details can be found in the website below: https://www.ncbchina.cn/website/ncb-tw/view/pdf/grsf20240514.pdfCategoryService ItemStandard FeeWaiver for “Nanyang Wealth” ClientsWaiver for “Wealth & Private Banking” ClientsGovernment-Guided PricingRMB Cross-Bank Counter Transfer (≤¥2,000)¥2/transfer✔✔(¥2,000–¥5,000)¥5/transfer✔✔(¥5,000–¥10,000)¥10/transfer✔✔(¥10,000–¥50,000)¥15/transfer✔✔(>¥50,000)0.03% of amount (max ¥50)✔✔Market-Adjusted PricingRMB E-Transfer (same tiers as above)Same as counter transfer fees✔✔Outbound Remittance*0.1% (min ¥50, max ¥500 or equivalent)0.08% (min ¥50, max ¥500)✔Telegraphic Transfer Fee¥100 or equivalent--Amendment Fee¥50 or equivalent✔Return Remittance Fee“Full Amount Arrival” Fee¥50 (domestic), ¥80 (Nanyang HK), ¥200 (others)--Domestic Foreign Currency Transfer0.1% (min ¥50, max ¥500 or equivalent)0.08% (min ¥50, max ¥500)✔Foreign Currency Check Collection*0.0625% (min ¥30, max ¥500 or equivalent)¥30/check✔Debit Card (ATM Services)- Local interbank withdrawal: ¥2/transfer (first 10 free/month)Yes (after 10/month)✔- Cross-border withdrawal: ¥15/transfer (UnionPay)✔✔Account Services- Deposit certificate: ¥20/document✔✔- Passbook loss report: ¥10/case✔✔Overseas Account Opening Assistance¥500/account--Account Management Fee- “Nanyang Wealth”: ¥60/month (<¥500k assets)--- “Wealth Client”: ¥100/month (<¥1M assets)--Personal Loan Services- Loan amendment: ¥100–¥500/case (rate changes free per policy)PartialPlatform/APPPlatform/APPSupported Available Devices NCB CHINA app ✔MobileNCB CHINA E-Banking✔WebDeposit and Withdrawal NCB CHINA accepts paymentsvia WeChat, Alipay, UnionPay with NCB debit cards, credit cards, and electronic accounts. However, specific info like deposit and withdrawal processing time and associated fees are not revealed.