Priority Banking
Revolving Cash Card
Partner
Global Outlook
|
||||||
Renminbi Services
At Standard Chartered, you may now enjoy a diversified range of RMB services including deposit, exchange and remittance services tailor-made for your personal needs. A world of financial advantages is well within your reach.
Deposit Services1
1) Savings Account
- Hong Kong Identity Card holder is eligible to open RMB account.
- Statement and/or passbook account* for your selection.
- Simple interest2 credited monthly (for statement savings) or semi-annually (for passbook savings).
- Deposit and withdrawal of RMB at any of our branches during office hours.
- 24-hour enquiry on the account balance, interest rate and exchange rate, and fund transfers via Phone Banking Services and Standard Chartered Online.3
* My Dream Account RMB Savings is subject to availbility.
2) Time Deposit
- A range of deposit tenors for your selection.
3) Current Account4
- Each Hong Kong Identity Card holder is eligible to open 1 RMB current account only.
- RMB cheques can be
- Used in Hong Kong for any payments and
- Used for payments on consumer spending in Guangdong Province subject to the maximum amount of RMB80,000 per day.5
- 24-hour enquiry on the account balance and fund transfers via Phone Banking and Standard Chartered Online.3
Dual Currency ATM Card
- Combines RMB and HKD accounts in one card.
- ATM withdrawal and purchases in the Mainland China settled in RMB account, no need to spend extra on RMB foreign exchange; transactions everywhere else settled in HKD account.
- Widely accepted on UnionPay, Jetco and EPS networks.
Cross Border Account-opening Documents Witnessing and Verification Service*
- Standard Chartered Bank (Hong Kong) Limited provides signature witnessing and document verification service for account-opening documents of Standard Chartered Bank (China) Limited#. This service is provided to all Priority Banking customers and is available in all Standard Chartered Bank (Hong Kong) Limited’s Hong Kong branches.
* Standard Chartered Bank (Hong Kong) Limited only provides customers with signature witnessing and document verification service for account-opening documents of Standard Chartered Bank (China) Limited. This service does not constitute, and should not be construed as constituting, an invitation to members of the public in Hong Kong to (i) make any deposit or (ii) enter into, or offer to enter into, any agreement to make any deposit. Standard Chartered Bank (Hong Kong) Limited is not an agent of Standard Chartered Bank (China) Limited and each application for account opening is subject to approval by Standard Chartered Bank (China) Limited.
# Standard Chartered Bank (China) Limited is incorporated in the Mainland of China and is not an authorized institution within the meaning of the Banking Ordinance of Hong Kong nor carrying on banking business in Hong Kong. Any deposit in Standard Chartered Bank (China) Limited will not be protected by the Hong Kong Deposit Protection Scheme.
Exchange Service6
- 2-way currency exchange between RMB and Hong Kong Dollars (HKD) in cash or by fund transfer between accounts for Hong Kong residents subject to RMB20,000 per day.
Remittance Service7
- Same day remittance service* is available in all branches for outward telegraphic transfer to beneficiary accounts with Standard Chartered Bank (China) Limited or Standard Chartered Bank (Taiwan) Limited
| Submission Cut Off Time at 2:00pm (Mon to Fri, excluding public holiday) | |
| Branches with same day remittance service | Kowloon |
| 68 Nathan Road Basement, Shop B1 on G/F and M/F, Golden Crown Court, 66-70 Nathan Road Telephone: 2739 0777 |
|
| Mong Kok Shop B, G/F, 1/F and 2/F, 617-623 Nathan Road Telephone: 2782 2322 |
|
| Canton Road G/F and 1/F, Manley House, 86 - 98 Canton Road Telephone: 2730 9616 |
|
| Jordan Shop G3, G4 and G5, G/F, London Plaza, 219 Nathan Road Telephone: 2332 3449 |
|
| Telford Gardens Shop P9-12, Telford Centre, Telford Gardens, Tai Yip Street Telephone: 2750 5015 |
|
| Cheung Sha Wan G/F, 828, Cheung Sha Wan Road Telephone: 2744 4116 |
|
| Tsim Sha Tsui G/F, 8A - 10 Granville Road Telephone: 2721 8596 |
|
Hong Kong Island |
|
| 88 Des Voeux Road 88 Des Voeux Road Central Telephone: 2545 7169 |
|
| Central Shop no. 16, G/F and Lower G/F, New World Tower, 16-18 Queen`s Road Central Telephone: 2877 8638 |
|
| Des Voeux Road shop 12, G/F, Standard Chartered Bank Building, 4-4A Des Voeux Road Telephone: 2868 2154 |
|
| Wanchai Southorn Shop C2 on G/F, and 1/F to 2/F, Lee Wing Building, No.156-162 Hennessy Road Telephone: 2527 6626 |
|
New Territories |
|
| Metroplaza Shop No. 175 - 176, Level 1, Metroplaza, 223 Hing Fong Road Telephone: 2418 9123 |
| *Note | |
| • | Customers are recommended to visit branches 1 hour before cut off time for applying same day remittance service and ensure the funds will be credited to the beneficiary account(s) on the same day. |
| • | Branches not in the list above is subject to a submission cut off time at 11:00am (Mon to Fri, excluding public holiday) for same day remittance service. |
•Same day remittance service is applicable to currency HKD / CNY / USD / EUR.
Cashier's Order
- An additional instrument to fulfil your local RMB payment needs.
FAQ
- Have questions about our Renminbi Services? We are happy to help. Please click here for most frequently asked questions.
- For enquiries8 , please call our Hotline 2886 8868 (then press 2*8) or visit any of our branches.
General Requirements to Personal RMB Services
Savings Account
| Minimum Account Opening Balance | RMB1,000 |
Current Account
| Minimum Account Opening Balance | RMB1,000 |
| Daily Clearing Limit - For payment in Guangdong Province for consumer spending | RMB80,000 in aggregate for all cheques |
| Maximum Amount Per Cheque - For payment in Guangdong Province for consumer spending | RMB80,000 |
Time Deposit Account
| Minimum Account Opening Balance | RMB10,000 |
Exchange Service
| Exchange Limit (2-way RMB/HKD Exchange) |
Buy / Sell RMB20,000 each per customer if made through accounts |
| Buy / Sell RMB20,000 per person per transaction if in cash |
Remittance Service
| Daily Remittance Limit | RMB80,000 per person (to any bank account in Mainland China under the same name of the Remitter) |
- To open an RMB deposit account, customers must be Hong Kong Identity Card holders.
- It is only applicable to RMB Savings accounts with a balance of RMB200 or above.
- Fund transfers via phone banking and Standard Chartered Online Banking can be performed between RMB Savings and Current accounts as long as both accounts are maintained at the Bank under the same name.
- RMB Current Account is non-interest bearing and is not linked to any credit facilities.
- All RMB cheques must be crossed and made payable to a named person's order. RMB cheques can be used in Hong Kong for any payments and Guangdong Province for the payment of consumer spending and subject to regulatory requirements applicable from time to time. The Bank reserves all rights under the “Current / Cheque / Savings Account and Time Deposit Account Terms” including returning any RMB cheque if the use of which is considered not in compliance with any rules and regulations governing the use of RMB cheques.
- 2-way RMB/HKD Exchange Service is subject to the exchange limits specified by the Bank and regulatory requirements applicable from time to time. If the exchange is made through a joint-name RMB deposit account, the exchange amount will only be deducted against the daily exchange limit of the primary account holder.
- RMB Remittance Service is subject to the daily limit specified by the Bank and regulatory requirements applicable from time to time.
- For details of our RMB service fees, please refer to the Bank's Service Charges Booklet.
