Shenyang Investment Service
Hotline: 86-755-82143348, Email: anitayao@citilinkia.com
To open a bank account in Shenyang, in the foreign investors’ eyes, is not as difficult a process as they might first assume. As an expat, that is going to be residing in Shenyang for a relatively long period of time, having an account at a Chinese bank can allow for cheaper banking as well as the ability to purchase certain goods and services aonline that cannot be purchased with foreign debit and credit cards.
Guides for foreign investors to open Chinese bank account in Shenyang – Union Pay in Shenyang
Anyone that has spent time in Shenyang would notice that credit and debit cards are not accepted at most businesses. However, in recent years as the economy has rapidly expanded, bank debit cards are being accepted at more and more places. Most places that do accept cards, only accept Union Pay, not Visa or MasterCard.
Union Pay is a Chinese bank card network company that is run by the state. Union Pay in Shenyang is only available through Chinese banks and a few select international banks. It is the only card that is accepted at many business locations and web sites. That is why it is highly advantageous for you to get a Union Pay card.
Guides for foreign investors to open Chinese bank account in Shenyang – Required Documents
The only actual needed document for a basic account is your passport. You need neither proof of address nor proof of income. When you enter the bank, don’t bother the counter. You can head for an information desk and express the desire to open an account. They will give you a bilingual form. But it is better for you to ask the information desk staff to fill it out for you – they are more careful than you and probably have neater handwriting.
One thing you should pay attention to is the name. Make sure that the name on the form matches the name on your passport exactly. Otherwise there’s a chance the money won’t get through for the computer system will regard the wrong name as another account.
Guides for foreign investors to open Chinese bank account – Several Tips for Opening Bank Account
1. Many foreigners assume that though the Bank of Shenyang sounds like the most reliable bank, it doesn’t provide the best customer service. The ICBC and the Merchant’s Bank tend to get better reports.
2. The branch bank near concentrations of foreigners, for example, near a university or central business district, is more likely to provide English services.
3. You’d better not to go too far to find a branch, because there are some services you have to turn up at the branch in which you open your account, such as reset your password of your bank account. So it will be convenient for you to open bank account in the branch nearby.
Guides for foreign investors to open Chinese bank account – Chinese Major Three Banks
Contact Information of Big Four Banks in Shenyang
1. Bank of China
Website – http://www.boc.cn/en/
Customer Service Phone Number – (hotline) 95566
2. China Construction Bank
Website – http://www.ccb.com/en/home/index.html
Customer Service Phone Number – 400 120 5568
3. Agricultural Bank of China
Website – http://www.abchina.com/en/default.htm
Customer Service Phone Number – (hotline) 95599
All these hotline phone numbers provides English services at 24 hours, and provides English services counters.
Contact Us
If you have further enquire, please do not hesitate to contact ATAHK at anytime, anywhere by simply visiting ATAHK’s website: www.3737580.net , or calling HK hotline at 852-2783 7818 or Shenyang TEL: 86-024-23180683.