What bank do you recommend?- eChinacities Answers

Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.

[ Latest Answers ] [ Latest Questions ] [ Most Answered ] [ Need Answers ]

Verify email

Your verification code has been sent to:

Didn`t receive your code? Resend code

By continuing you agree to eChinacities's Privacy Policy .

joseph2016

Posts: 18

General

Q: What bank do you recommend?

I need to open an account in China and am planning on doing it soon.

I see that everyone is paying with their phone around and I wanted to know if there was a bank with easy English online access and perhaps assistance in English and with a decent amount of bank offices around Beijing so I don't have to move across the city... It's a lot of conditions, sorry...

Thanks for the help!!

6 years 28 weeks ago in Money & Banking - Beijing

Report Abuse Email this post

Highest Voted

icnif77

Posts: 19801

Emperor

Add Comment

China Merchants Bank Gold account with Visa/Mc logo.

See thread 'Laowai friendly bank' for more.

http://answers.echinacities.com/question/laowai-friendly-bank-china

'add-it': I am not using it over the phone. You can't make online purchases on Western owned web sites, but at every CMB I was, they have at least one Chinese English speaking employee.

Report Abuse

6 years 28 weeks ago

Answers (4)

Comments (3)

icnif77

Posts: 19801

Emperor

Add Comment

China Merchants Bank Gold account with Visa/Mc logo.

See thread 'Laowai friendly bank' for more.

http://answers.echinacities.com/question/laowai-friendly-bank-china

'add-it': I am not using it over the phone. You can't make online purchases on Western owned web sites, but at every CMB I was, they have at least one Chinese English speaking employee.

Report Abuse

6 years 28 weeks ago

ironman510

Posts: 4446

Emperor

Add Comment

Agreed China Merchant Bank or EverBright bank

Report Abuse

6 years 28 weeks ago

Hotwater

Posts: 3873

Emperor

Comments( 2 ) Add Comment

Also recommend China Merchants bank but a couple of points to note:

1) Phone app only in Chinese. I can use it to transfer money as my wife taught me how

2) Get them to install the computer online banking software in the bank. I've not been able to download it on my laptop (though phone app works so not needed to)

ironman510:

Accept BOC, that sounds like All banks in China. Which would you use to ship money out of the country? Now I'm required to provide 3 doc's to ship money to America

6 years 28 weeks ago

Report Abuse

Hotwater:

Shipping money out is one point I don't have problems with. I use the phone app to transfer money to my wife's account. She goes online, buys Sterling and then transfers it 2 minutes later. Normally in my U.K. account next day, 2days at the latest.

I had an account with BOC for a couple of years. Couldn't get the online banking to work and dealing with staff in the bank was like having teeth pulled without an anesthetic!

6 years 28 weeks ago

Report Abuse

6 years 28 weeks ago

iWolf

Posts: 2776

Emperor

Comments( 1 ) Add Comment

I agree....Merchant bank is by far the least hassle. And has almost no queues ever.

icnif77:

Also tea&coffee, snacks, candies in 'Gold account-VIP' area. Very soft, comfortable sofas, so sometimes I just rest there ...

6 years 28 weeks ago

Report Abuse

6 years 28 weeks ago

Know the answer ?

Please or register to post answer.

Answer of the DayMORE >>

Q: Eastern European with US college degree working in China?

A: Easter is a common egg-coloring, religious holiday in Western countrie

A:Easter is a common egg-coloring, religious holiday in Western countries ... Here, we all stream upon improving of written English syntax of the posters. Most Chinese are unable to judge yer English. They just look at applicant's passport and if it was issued by the one of the 5 (or 6) native English countries, your English must be good, too. Yes, by the current Labour law provision, you qualify for an English teaching job in China despite you hold a non-native English passport.However, most recruiters and language schools aren't aware of that, so you most likely won't get too many replies at your job applications, but ... Never mind! Don't stop sending your CV until you land the invitation for an interview. You might want to stick the sentence about your eligibility for a legal English teaching job in China into the Intro letter or anywhere in your CV.As soon as you'll land an invitation for the interview, make sure you'll mention that provision to the interviewer, first!
Good luck! -- icnif77