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Posts: 56

Governor

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Q: Which Beijing Chinese bank branch is easiest for a foreigner to open an account with?

11 years 31 weeks ago in  Money & Banking - Beijing

 
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Posts: 424

Shifu

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Bank of China.....

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11 years 31 weeks ago
 
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Shifu

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Don't only look at which one is easier to open a bank account, look also at the services they offer.

For me, all the local Chinese banks (Bank of China, Bank of Communication, etc), they have really poor services.

I would advise you the China Merchant Bank.

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11 years 31 weeks ago
 
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Shifu

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Don't choose Bank of China. They suck big time. ICBC is slightly better and they usually have more counters open which means slightly less waiting times. But in general, Chinese banks leave a lot to be desired, to put it mildly.

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11 years 31 weeks ago
 
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Peasant

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I had China Merchant in Qingdao and its wire transfer service was really good. I have ICBC now which is slightly more of a hassle but there are many more ICBC locations in Beijing than China Merchant, so yeah. 

 

I once heard that ICBC has more branches than any other bank in Beijing. Not sure if that is true though.

 

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11 years 31 weeks ago
 
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Governor

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I have been with ABC for 2 years no problems

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11 years 31 weeks ago
 
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Shifu

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Bank? Easiest? NONE.

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11 years 31 weeks ago
 
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A: That is a typical Chinese style blackmail! I wouldn't worry for t
A:That is a typical Chinese style blackmail! I wouldn't worry for the WP application expiration at all!WP application doesn't expire. It is either approved or rejected and that is known fairly fast, 2-weeks time the longest. I'd find another employer, Z visa sponsor ASAP, sign new contract and start with WP application all over again. You might also try and find out at which office your employer applied for WP and speak to them (.gov) in person. They have at least one person there, who understands and speaks English. I'd say, your employer most likely never applied for anything. Employers in China must hold an authorization certificate to hire foreigners. If an employer doesn't have such an authorization, it cannot sponsor foreigner for a Working permit and Z visa.Most language schools in China don't have such an authorization, because it's a costly thing to obtain for one ...You could also ask your employer to show you a foreign hire authorization certificate. It's an A4 format paper with text in Mandarin and several red-ish ink stamps.I've always wanted to see an employer's foreign hire authorization before I've inked the new contract. That prevented many shady deals employers in China were/are playing. See this: https://english.www.gov.cn/services/liveandworkinchina There are two web links on the bottom. Send them a message and find out, if that Chinese state org. can advise and help you. Good luck! -- icnif77