Service Description

The corporate current deposit is that can be saved and withdrawn at anytime by the depositor, including deposit in settlement accounts and fund accounts of various public institutions.

Features

•  Interest is accrued at the listed rate of the settlement day quoted from the PBOC, with no split of the deposit period upon any rate adjustment.

•  Best liquidity and relatively low interest compared with other kind of deposits.

Handling Guide

•  Eligible applicants of corporate current accounts include corporations, public institutions, military forces, social organizations, private businesses and self-employed entities that meeting the account-opening requirements issued by the PBOC.

•  The management of the corporate current deposit and corporate current account is pursuant to the Regulations on the Administration of Bank Accounts.

•  When opening current account, the client shall present the Corporate Account Opening Application Form, the business license and other relevant documents ,and deposit a signature card with the bank at the same time.

•  Four types of RMB current deposit accounts are available: the basic deposit account, the general deposit account, the temporary deposit account and the special deposit account.