Bank Account in China

1 min read

Because we had this question already somewhere and this topic is importend to all new China Expats who will have an chinese contract.

1. it is no problem to open a Bank Account in China. For a normal Debit Card you need just you Passport and you can use this Card at every ATM in China. I can use my Vard even back in Germany on the ATM of the Sparkasse. Didn't checkt other banks so far.

2. You can get even a Credit Card in China without any problems. The biggest problem here is that you need to speak chinese, have a friend who speak chinese or go in SH or BJ to one of the big Banks in the Business Districts. For the Credit Card you need also some more papers. I am not sure, but they want to see the Working Contract and the registration from your police office. Correct me if I am wrong in this point.
The Credit Card is an international one and can be used all over the world. Visa and Master Card are both available.

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Comments

FoodLover13 years ago(Modified)
Yea you can use the card basically everywhere but the exchange rate is horrible. They conversion for debit card is like CNY-USD-(what ever currency you want) *cant be used on non-china website as debit cards don\'t have such a function currently only credit cards have auto conversion. For credit card - non china website (CNY-USD) at highest rate minus the amount you spend then convert back into CNY.

Tarar78613 years ago(Modified)
Not only in China u can use more than 120 countries of the world. I mean the ATM card issued by Chinese bank with union pay logo and it is very easy to get bank account and ATM card in China u only need ur valid passport.