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Q: suspended bank accounts for specific foreign nationality in china
is there any Nationalty in china has facing this issue
2 years 31 weeks ago in Money & Banking - China
more detail is needed - has your access to your bank account been suspended?
did you piss off your employer or something?
you do know that in China suspending access to bank accounts is a common 'punishment' for social trasngressions and a means of control.
more detail is needed - has your access to your bank account been suspended?
did you piss off your employer or something?
you do know that in China suspending access to bank accounts is a common 'punishment' for social trasngressions and a means of control.
https://nomadcapitalist.com/global-citizen/banking-in-china-foreigners/
... However, my research team did some checking before my arrival and found that only two banks here – neither of them state-owned – are accepting foreign clients with ease.
No longer can you waltz into a branch here in Beijing with nothing more than ID and get an account. In fact, tourists can no longer open accounts with most banks at all.
That’s a shame because many Chinese banks use the Unionpay system that acts as an alternative to Visa and Mastercard. Unionpay is an excellent non-US alternative if you want to diversify away from the United States and its unsound fiscal policies. ...
... more ..
That's a post considering a tourists, i.e. foreigners with the short term stay in China.
https://www.pnc.com/insights/corporate-institutional/go-international/ba...
Banking in China: 10 Practices You Need to Understand
At my time in China, I banked only with China Merchants Bank and I've always had to have a valid Residence permit to open a Debit account in the new city, I've moved to.
