Service Description

The corporate call deposit is a deposit without prescribed deposit term, and whose withdrawal is made upon a prior notification to the bank.

In terms of days for prior notification, the call deposit is divided into two types, 1-day and seven-day.

Features

•  Due to its better liquidity (than time deposit) and higher interest (than current deposit), the call deposit provides a good investment alternative for clients who owe a large amount of funds but may have emergent use from time to time.

•  Interest of the call deposit is calculated according to the listed rate of the withdrawal day and the actual deposit period.

•  The withdrawal can be made on a one-off basis or in several times. The minimum withdrawal amount is RMB 100,000, and the retained money must be more than the deposit threshold, RMB 500,000.

Handling Guide

•  Corporate clients who have already opened or meet the account-opening conditions for basic account or general account can file an application for call deposits with the bank.

•  To apply call deposits, the client shall.

•  Complete the Corporate Account Opening Application Form with truth, specifying the type of the call deposit and the source of the funds.

•  Present the business license or its duplicate copy issued and ratified by the industrial and commercial office, the signature card and other documents as required, and

•  Fill up the Agreement on Call Deposit Withdrawal, negotiating and determining the withdrawal mode with the bank.

•  The bank issues the Certification of Call Deposits to the depositor, which shall stipulate the days for prior notification.