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Deposits
 
Renminbi deposit
 
BEA is one of the few foreign banks to have obtained approval from the People’s Bank of China to conduct Renminbi business in China.
At present, BEA China is licenced to provide the following Rmb deposit services to customers:

1.  Savings Account

2.  Current Account

3.  Time Deposit

4.  Renminbi (RMB) Deposit Collection Service
    (Applicable to BEA China Shenzhen Branch only)

5.  Documents required to be produced / provided for account opening

6.  Rmb Deposit Rates
 
1.  Savings Account

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Applicable to individual customers only
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Detailed transactions are recorded in passbooks
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Interest is credited to each account on 30th June every year
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Deposits and withdrawal should be made at the account opening branch
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No book deposits / withdrawals / transfers are accepted

2.  Current Account

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Applicable to corporate customers only
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Rmb cheque books are provided to customers upon their request
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Detailed account statements are issued to the account holders regularly
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Interest is credited to each account on the 20th of March, June, September, and December
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Deposits and cheque encashment should be made at the account opening branch

3.  Time Deposit

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Applicable to both individual and corporate customers
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Deposit types include Fixed Deposit, Agreed Deposit and Call Deposit; auto-renewal instruction can also be set
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Provide higher potential returns than savings or current accounts

4.  Renminbi (RMB) Deposit Collection Service
    (Applicable to BEA China Shenzhen Branch only)

For the convenience of our customers, four branches of the Agricultural Bank of China ("ABC") offer Rmb deposit collection service for BEA’s Shenzhen Branch.

This service enables customers to deposit Rmb cash into their accounts maintained at BEA’s Shenzhen Branch through any of the four designated branches of ABC. Details are provided below:

 
Service hours and interest value dates
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Monday to Friday: 8:00 a.m. to 4:30 p.m. (same day value)
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Saturday, Sunday, and public holidays in China: 9:00 a.m. to 3:00 p.m. (valued on the next working day)

Contact details of the four designated branches of ABC
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ABC, Guo Mao Sub-branch
  Address : Flat B, 1/F Guo Mao Building (Counter 11 and Counter 12), 3002 Ren Min Nan Road, Lu Hu District
  Tel. No. : (86 755) 822 12771 / 822 12755
   
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ABC, Chun Feng Road Sub-branch
  Address : 1/F., 2008 Chun Feng Road, Luo Hu District (opposite to Chang Feng Yuan)
  Tel. No. : (86 755) 8222 1287
   
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ABC, Dong Men Sub-branch
  Address : 1/F., Jiang Nan Building, 2008 Dong Men Zhong Road, Luo Hu District (nearby Da Jiang Nan Shopping Centre)
  Tel. No. : (86 755) 8225 3220
   
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ABC, Nai Hu Lu Sub-branch
  Address : 1/F., Wu Kuang Building, 3006 Chun Feng Road, Luo Hu District (opposite to Lu Shan Hotel)
  Tel. No. : (86 755) 8229 3034

 
5.  Documents required to be produced / provided for account opening
 
6.  Rmb Deposit Rates