Renminbi and Foreign Currency Deposit services

Content

Renminbi deposits
Foreign currency deposits
Deposit services

Renminbi deposits

Please click here to see the latest interest rates provided by HSBC China Deposits Interest Rates.

Account Types and opening instructions
Account opening instructions	Renminbi Settlement Account	Overseas Renminbi Savings Account	Overseas Renminbi Settlement Account
Who is eligible for this service?	Local Chinese residents, foreigners, residents of HK SAR, Macau SAR or Taiwan	HKID or Macau ID holders, or Taiwan residents	Taiwan Residents
Is a joint account available?	Yes, but the account holders must be direct relatives	No	No
What forms need to be completed?	The customer needs to complete the ‘Customer Information/Sole Account Opening Form’ and ‘Renminbi Settlement Account Opening Form’	The customer needs to sign the ‘Customer Information/Sole Account Opening Form’ and tick ‘Overseas Renminbi Savings Account’ in the ‘Choice of account’ section	The customer needs to sign the ‘Customer Information/Sole Account Opening Form’ and tick ‘Overseas Renminbi Settlement Account’ in the ‘Choice of account’ section and ‘Renminbi Settlement Account Opening Form’
How to differentiate them in account numbers?	Suffix is 050	The first 9 digits are the same as that for Renminbi Settlement Account. Suffix is 054	The first 9 digits are the same as that for Renminbi Settlement Account. Suffix is 053

Account Types and opening instructions
Account opening instructions	Who is eligible for this service?
Renminbi Settlement Account	Local Chinese residents, foreigners, residents of HK SAR, Macau SAR or Taiwan
Overseas Renminbi Savings Account	HKID or Macau ID holders, or Taiwan residents
Overseas Renminbi Settlement Account	Taiwan Residents

Account opening instructions	Is a joint account available?
Renminbi Settlement Account	Yes, but the account holders must be direct relatives
Overseas Renminbi Savings Account	No
Overseas Renminbi Settlement Account	No

Account opening instructions	What forms need to be completed?
Renminbi Settlement Account	The customer needs to complete the ‘Customer Information/Sole Account Opening Form’ and ‘Renminbi Settlement Account Opening Form’
Overseas Renminbi Savings Account	The customer needs to sign the ‘Customer Information/Sole Account Opening Form’ and tick ‘Overseas Renminbi Savings Account’ in the ‘Choice of account’ section
Overseas Renminbi Settlement Account	The customer needs to sign the ‘Customer Information/Sole Account Opening Form’ and tick ‘Overseas Renminbi Settlement Account’ in the ‘Choice of account’ section and ‘Renminbi Settlement Account Opening Form’

Account opening instructions	How to differentiate them in account numbers?
Renminbi Settlement Account	Suffix is 050
Overseas Renminbi Savings Account	The first 9 digits are the same as that for Renminbi Settlement Account. Suffix is 054
Overseas Renminbi Settlement Account	The first 9 digits are the same as that for Renminbi Settlement Account. Suffix is 053

Note: ‘Customer Information / Sole Account Opening Form’ is only required for new customers the first time they set up an account with HSBC (China).

Account types and account usage details
Account features	Renminbi Settlement Account	Overseas Renminbi Savings Account	Overseas Renminbi Settlement Account
Can I receive Renminbi remittance from overseas?	Yes, you can receive non self-named Renminbi remittance from Taiwan	Yes, you can receive self-named Renminbi remittance from Hong Kong, Macau or Taiwan	Yes, you can receive self-named Renminbi remittance from Taiwan
Any limit on Renminbi remittance from overseas?	The daily limit is RMB 80,000 per person for Renminbi remittance from Taiwan	The daily limit is RMB80,000 per person for Renminbi remittance from Hong Kong or Taiwan. The daily limit is RMB50,000 per person for Renminbi remittance from Macau	The daily limit is RMB80,000 per person for Renminbi remittance from Taiwan
Does it support Renminbi domestic transfer or transfer between self-named accounts within HSBC China?	Yes	No	Transfer-out allowed but transfer-in not allowed
Does it support Renminbi cash withdrawal in branch?	Yes	Yes	Yes
Does it support Renminbi Cash Deposits in branch?	Yes	No	No
Does it support TMD placement?	Yes	Yes	Yes (the capital and interest accrued must be credited back to this account otherwise it cannot be remitted back to Taiwan)
Does HSBC China provide Debit Card service?	Yes	Yes (as the secondary or third account only)	Yes (as the secondary or third account only)
Can the unused portion of the deposits in this account be remitted back?	No	Yes, back to Hong Kong, Macau or Taiwan, including the capital and interest	Yes, back to Taiwan, including the capital and interest
Any daily limit on Renminbi remittance back to Hong Kong, Macau or Taiwan?	N/A	No	No
Does it support online banking?	Yes	Yes, but limited to balance enquiry, time deposit placement and remittance back to Hong Kong, Macau or Taiwan of the unused portion	Yes, but limited to balance enquiry, time deposit placement and domestic remittance and remittance back to Taiwan of the unused portion
Does it support Phone Banking?	Yes	Yes, but limited to balance enquiry and time deposit placement	Yes, but limited to balance enquiry, time deposit placement and pre-designated local payment

Account types and account usage details
Account features	Can I receive Renminbi remittance from overseas?
Renminbi Settlement Account	Yes, you can receive non self-named Renminbi remittance from Taiwan
Overseas Renminbi Savings Account	Yes, you can receive self-named Renminbi remittance from Hong Kong, Macau or Taiwan
Overseas Renminbi Settlement Account	Yes, you can receive self-named Renminbi remittance from Taiwan

Account features	Any limit on Renminbi remittance from overseas?
Renminbi Settlement Account	The daily limit is RMB 80,000 per person for Renminbi remittance from Taiwan
Overseas Renminbi Savings Account	The daily limit is RMB80,000 per person for Renminbi remittance from Hong Kong or Taiwan. The daily limit is RMB50,000 per person for Renminbi remittance from Macau
Overseas Renminbi Settlement Account	The daily limit is RMB80,000 per person for Renminbi remittance from Taiwan

Account features	Does it support Renminbi domestic transfer or transfer between self-named accounts within HSBC China?
Renminbi Settlement Account	Yes
Overseas Renminbi Savings Account	No
Overseas Renminbi Settlement Account	Transfer-out allowed but transfer-in not allowed

Account features	Does it support Renminbi cash withdrawal in branch?
Renminbi Settlement Account	Yes
Overseas Renminbi Savings Account	Yes
Overseas Renminbi Settlement Account	Yes

Account features	Does it support Renminbi Cash Deposits in branch?
Renminbi Settlement Account	Yes
Overseas Renminbi Savings Account	No
Overseas Renminbi Settlement Account	No

Account features	Does it support TMD placement?
Renminbi Settlement Account	Yes
Overseas Renminbi Savings Account	Yes
Overseas Renminbi Settlement Account	Yes (the capital and interest accrued must be credited back to this account otherwise it cannot be remitted back to Taiwan)

Account features	Does HSBC China provide Debit Card service?
Renminbi Settlement Account	Yes
Overseas Renminbi Savings Account	Yes (as the secondary or third account only)
Overseas Renminbi Settlement Account	Yes (as the secondary or third account only)

Account features	Can the unused portion of the deposits in this account be remitted back?
Renminbi Settlement Account	No
Overseas Renminbi Savings Account	Yes, back to Hong Kong, Macau or Taiwan, including the capital and interest
Overseas Renminbi Settlement Account	Yes, back to Taiwan, including the capital and interest

Account features	Any daily limit on Renminbi remittance back to Hong Kong, Macau or Taiwan?
Renminbi Settlement Account	N/A
Overseas Renminbi Savings Account	No
Overseas Renminbi Settlement Account	No

Account features	Does it support online banking?
Renminbi Settlement Account	Yes
Overseas Renminbi Savings Account	Yes, but limited to balance enquiry, time deposit placement and remittance back to Hong Kong, Macau or Taiwan of the unused portion
Overseas Renminbi Settlement Account	Yes, but limited to balance enquiry, time deposit placement and domestic remittance and remittance back to Taiwan of the unused portion

Account features	Does it support Phone Banking?
Renminbi Settlement Account	Yes
Overseas Renminbi Savings Account	Yes, but limited to balance enquiry and time deposit placement
Overseas Renminbi Settlement Account	Yes, but limited to balance enquiry, time deposit placement and pre-designated local payment

Yes, customers can partially or fully withdraw the money before the maturity date of the Time Deposit. Unless otherwise set by laws, regulations or rules, we also reserve the right to cancel any Time Deposit due to the balance of the account falling below the minimum initial deposit amount.

You can access and manage your account via Online Banking, Mobile Banking, Phone Banking and WeChat Banking. If you have an HSBC Debit Card you can also check your balance at any ATM machine.

Yes. Renminbi is the only accepted currency for the subscription of Personal Large-Denomination Certificates of Deposit.

Yes, we provide a range of services across our branch network, regardless of which branch your account is maintained in. This includes RMB cash withdrawals/deposits*, foreign currency notes withdrawals, foreign currency cash deposits, statement requests and certificates of balances services.
*Renminbi cash withdrawals/deposits are for HSBC Premier customers only.

Foreign currency deposits

Account types and corresponding foreign currency details
Account Types	Foreign Currencies
Notes Accounts	HKD, USD, JPY and EUR
Exchange Accounts	HKD, USD, JPY, EUR, GBP, CAD, AUD, SGD and NZD

Account types and corresponding foreign currency details
Account Types	Notes Accounts
Foreign Currencies	HKD, USD, JPY and EUR

Account Types	Exchange Accounts
Foreign Currencies	HKD, USD, JPY, EUR, GBP, CAD, AUD, SGD and NZD

For more details, please refer to Fees and Charges. Or contact us

HSBC Premier customers call

400-820-8828

HSBC Advance customers call

400-820-8878

Other customers call

400-820-3090

Please dial China country code +86 if you are calling from overseas

You can fund your account with cash notes deposit, cheque, local transfer, demand draft and telegraphic transfer. We recommend you to fund your HSBC account via wire transfer or local clearing. Non-cash transactions help reduce the inconvenience caused by handling cash notes and help ensure the maximum security of your funds.

Deposit services

Yes. To release the corresponding deposits, take all the original Frozen Deposit Certificate documents to your local branch.

For more information, please refer to the Frequently asked questions page.

These FAQs are intended to provide an overview of the information on issues related to financial products or services, or regulatory requirements faced when undertaking financial activity in mainland China. Due to the diversity and complexity of financial products/services and local regulatory environment, these FAQs can only provide an outline of the issues. The information is provided for your reference only, and shall not be construed as legal, financial or any other professional advice. HSBC makes no guarantee, representation or warranty and accepts no responsibility for the accuracy updatedness and/or completeness of the information.

FAQs: Deposits

Content

Renminbi deposits

1. How can I check the latest interest rates?

2. What are the differences in opening an Overseas Renminbi Savings Account, Overseas Renminbi Settlement Account and normal Renminbi Settlement Account?

3. What are the differences between an Overseas Renminbi Savings Account, Overseas Renminbi Settlement Account and a normal Renminbi Settlement Account?

4. Can I withdraw my money before my Time Deposit matures?

5. How can I check my balance or other information of my HSBC (China) account?

6. What is the minimum deposit amount of Personal Large-Denomination Certificates of Deposit?

7. Is Renminbi the only accepted currency for the subscription of Personal Large-Denomination Certificates of Deposit?

8. Does HSBC provide cross-branch services?

Foreign currency deposits

1. What foreign currency services does HSBC provide?

2. Is there any charge for cash deposit or withdrawal of foreign currencies?

3. How can I fund my HSBC Foreign Currency Accounts?

Deposit services

1. How can I apply for a Frozen Deposit Certificate?

2. How can I apply for an Overseas Travel Deposit Certificate?

3. Can I release my bank account before the expiration of the freezing period of a frozen deposit?

Disclaimer