CNY Transaction Accounts
CNY transaction account provides a flexible and convenient way to keep your Chinese currency funds on demand. Customers may access their account using either a passbook or a periodic statement.
Key features:
| Particulars | Charges | Remarks |
| CNY Transaction Account | ||
| The initial amount to open a Transaction Account | CNY10, 000.00 | Subject to individual accounts, and no interest is given. |
| Minimum balance required | CNY10, 000.00 | Same as above |
| Account Keeping Fees (if monthly average balance is below min. balance requirement) | CNY60.00 per month | Same as above |
| Account closure within 6 months of opening date | CNY100.00 | |
| Cash transaction fee ? Withdrawal /deposit of CNY cash |
2.00% | Withdrawal of CNY cash is subject to note availability. |
| Statements | Free | Non-passbook account holders will normally receive a statement monthly, unless no transactions have taken place. |
How to apply:
- Visit your local BOC Branch
- Contact our Customer Representative on 1800 228 688 (Mon-Fri 9.30am-5.30pm Sydney Time). .
- E-mail: ebanking_au@bank-of-china.com .