Opening Bank Accounts in China

Opening Bank Accounts in China

When you come to China, it will be more convenient for you if you open a Chinese bank account. Opening a Chinese bank account is actually an easy process, not a nightmare for you as you might expect.

The only actual needed document for a basic account is your passport. You need neither proof of address nor proof of income. When you enter the bank, don’t bother the counter. You can head for an information desk and express the desire to open an account. They will give you a bilingual form. But it is better for you to ask the information desk staff to fill it out for you – they are more careful than you and probably have neater handwriting.

One thing you should pay attention to is the name. Make sure that the name on the form matches the name on your passport exactly. Otherwise there’s a chance the money won’t get through for the computer system will regard the wrong name as another account. If you want internet or mobile banking, you can request these at the same time. When the forms are completed, you can hand over them and your first deposit, 10 yuan for minimum. Some banks will charge 15 yuan for the cost of the bank card, such as The Industrial and Commercial Bank of China (ICBC). Whenever you get the card, you will be asked to set a six digit pin. The password of your internet banking needs to be changed into the pin with numbers and letters on the online bank after you get home. Don’t forget it.


1. Many foreigners assume that though the Bank of China sounds like the most reliable bank, it doesn’t provide the best customer service. The ICBC and the Merchant’s Bank tend to get better reports.

2. The branch bank near concentrations of foreigners, for example, near a university or central business district, are more likely to provide English services.

3. You’d better not to go too far to find a branch, because there are some services you have to turn up at the branch in which you open your account, such as reset your password of your bank account. So it will be convenient for you to open bank account in the branch nearby.

Why choose Teach in China?
Teaching aboard especially in China can be a challenge, you need a reliable agency to select the most suitable job for you and help you to arrange the right visa and help you to deal with some unexpected situations is what our company is best at helping with.  

teach in China All our services are FREE. We’ll provide a one-stop service and guide you through the whole visa process, job placement, apartment location so you can settle in comfortably and daily assistance life guide.
Sometimes you may decide to ask for the school of your choice whether its teaching Adults or Kindergarten at different grade levels, and you realize its not the environment you expected because you have obtained the hands on experience at the school and may not fit within your teaching personality. But if you use us, we can shift you to another school right away without a gap period and give you different options, so you will eventually be comfortable and happy with the school of your choice that fits your teaching personality.
Lots of other agencies and schools do not have the experience in doing all visa requirements, but since we have ten years experience arranging visas we can assure you and your stay in China. Our experienced and comprehensive visa service will ensure your application goes through as smoothly as possible.
Most of Chinese people’s English is not good enough to communicate with you, but if you work with us, we will have one on one assistant service for you and to deal with daily life and different situations.
When you finish the one year contract with us, we provide you with a TEFL/TESOL certificate for free.
Our company has a great reputation in paying all our staff in a timely manner. If the school is late for any payment towards our teachers our company uses its our own money to pay you on time..
We have over 100 ESL teachers working for us, so whenever you need to meet other ESL teachers, we can always introduce them to you to make friends and have a really good experience during your stay in China.
We have lots of ESL teaching materials that can be used to help and assist you as well as provide free training and help so you can be familiar with the Chinese teaching method and give you lots of practical suggestions.