Renminbi Business Account
For companies with business presence in Singapore
& trading actively in China
- Manage your RMB foreign exchange risk exposure in a single account
- Reduce currency exchange cost
- Boost efficiency and profitability of your trade transactions with China
Eligibility
- Onshore RMB (CNY)
Businesses that conduct cross-border trade transactions with China - Offshore RMB (CNH)
All businesses
Account fees & charges
Onshore RMB (CNY)
Wide network of branches
55 branches island-wide
Full Sunday banking service
Business & trade service centres
Our dedicated staff at 6 business centres and 4 trade service centres will help you with all your business and trade service needs.
To open an account
Please bring along:
Important notice
-
Foreign currency deposit
Foreign currency investments or deposits are subject to inherent exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency investments or deposits would be dependent on the exchange rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.
