Renminbi Services

OCBC Bank commits to provide you with diversified Renminbi (RMB) services including deposit services, exchange services, interbank transfer/ remittance services, cashier order services, investment services, insurance services, ATM card, loan services and messenger/ witness service.

Deposit Services

Savings Account

For both Hong Kong Residents1 and Non-Hong Kong Residents

  • Passbook or statement savings account for your choice
  • Pre-set standing instruction for daily auto buy-in / sell-out RMB
  • Manage your personal finance or buy / sell RMB via Internet or phone banking services with extensive trading hours2

Fixed Deposit

For both Hong Kong Residents1 and Non-Hong Kong Residents

  • Deposit tenors of 1, 2, 3 or 6 months with minimum deposit at RMB20,000
  • Pre-set maturity instruction offers flexibility for your financial arrangement
  • Enhance higher return with favourable interest rate
  • Provide HKD overdraft and loan facilities up to 95% of your RMB fixed deposit

Current Account

For Hong Kong Residents1 only

  • Cheque payments and transfers are available in Hong Kong
  • Payment for consumer spending in Guangdong province (including Shenzhen), daily payment limit is RMB 80,000 per account

For Non-Hong Kong Residents

  • Cheque payments and transfers are available in Hong Kong

Exchange Services3

  • Low spread for money exchange and handling fee waiver4
  • Unlimited daily exchange from RMB to HKD or vice versa
  • HKD-RMB Standing Instruction Service

Interbank Transfer/ Remittance Services3

For both Hong Kong Residents1 and Non-Hong Kong Residents

  • Perform local interbank transfer, payment in RMB through OCBC Bank branches, Personal eBanking or Business eBanking are available

For Hong Kong Residents only

  • Remit RMB to a RMB account held under the same name opened in Mainland China with a daily remittance limit of RMB80,000 per person

For Non-Hong Kong Residents only

  • RMB remittances to Mainland must comply with the relevant rules and requirements of the Mainland and/or obtain Approval from the relevant mainland authorities5

Cashier Order Services

Make local payments in RMB.

Investment Services

We offer you diversified and professional RMB investment services, including:

  • Dominated Securities Trading Services
  • Bonds / Certificates of Deposit
  • Unit Trust
  • Non-Deliverable Forwards (NDF)
  • Deliverable Forwards (DF)
  • Ratio Forward
  • Variable Structured Forward

Insurance Services

We offer RMB insurance savings plan, which provides life protection and return guarantee, you can also take advantage of potential RMB appreciation.

ATM Card

OCBC Bank UnionPay Card6 provides cash withdrawal and shopping convenience in the Mainland China and even around the world at ATMs with particular logos below, including:

UnionPay
  • Withdraw local currency7,8 and enquire account balance at ATMs located in Mainland China and around the world
  • Withdraw RMB7,8 directly from RMB account at ATMs located in Mainland China
  • Make purchase7,9 through point-of-sale terminals
Jetco
  • Enjoy comprehensive services including HKD or RMB cash withdrawal10, account balance inquiry, fund transfer, bill payment, request for statement/cheque book, and PIN change with the linked HKD account of the card at OCBC Bank ATMs or any ATMs
EPS
  • Enjoy the purchase with the linked HKD account of the card through point-of-sale terminals in Hong Kong

Loan Services

We provide RMB loan services to personal customers.

Messenger/ Witness Service11

You can submit an account opening application to OCBC Bank Limited through the Bank. Via the Bank’s remittance services, you may remit RMB funds to the account opened with OCBC Bank Limited. You can also operate your RMB account of OCBC Bank Limited by visiting their branch networks in Mainland China or by calling the Phone Banking Services.

Reminder: “To borrow or not to borrow? Borrow only if you can repay!”

Ways to Apply

OCBC Bank branch
Visit any of our branches
Call
Call our hotline
3199 9188
Devices for online banking
Login Personal Internet Banking

Remarks

  1. Hong Kong resident refers to those who possess a Hong Kong ID Card.
  2. Trading hours start from 9:00a.m. till New York market closes (summer time till 2:30a.m. and winter time till 3:30a.m.) from Monday to Friday and 9:00a.m. to 1:00p.m. on Saturday.
  3. Exchange or remittance arrangements in practice are subject to transaction condition at the time.
  4. Service charge of HKD100 per transaction will be charged to non-Bank customers.
  5. Customer is liable for any charges that may be incurred if the outward remittance is rejected by the Mainland authorizes or Mainland banks.
  6. Hong Kong resident’s personal RMB account should be the primary account of OCBC Bank UnionPay Card.
  7. Only applicable to Hong Kong resident’s personal RMB account.
  8. The daily cash withdrawal limit is up to HKD20,000 or its equivalent. A handling fee of RMB15 will be levied on each cash withdrawal transaction via China UnionPay ATMs.
  9. The daily transaction limit of making purchase through China UnionPay point-of-sale terminal is shared with cash withdrawal limit.
  10. Only available at JETCO ATMs which provide RMB banknote.
  11. Messenger/ Witness Service only applicable to Hong Kong resident who holds RMB account of the Bank and involve risks. For details, please refer to branches.
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