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Opening an account in Zhejiang Chouzhou Commercial Bank (China)
- Price:from 8000 eur
- Term:from 1 month
Zhejiang Chouzhou Commercial Co LTD (CZCB) Bank was founded in 1987 in China as a local credit cooperative, but through reform in 2006, it was transformed into a commercial bank for small and micro enterprises and market traders.
Over the years, Zhejiang Chouzhou Commercial Bank has established a large presence with more than 200 branches and rural branches in Shanghai, Hangzhou, Zhejiang, Jiangsu, Fujian, Guangdong, Chongqing, Sichuan, Jiangxi and Yunnan, including 15 management branches and 9 rural banks.
Has been awarded numerous awards as the best bank for small and micro enterprises and is among the top 10 best banks in China.
- UnionPay bank cards are only available for personal accounts.
- Accounts are opened in RUB, CNY, USD, EUR, HKD, and other currencies (AUD, CAD, GBP, HKD, JPY, KRW).
- To open an account you need to rent a physical office in Hangzhou.
- Account management is carried out through online banking in Chinese and English.
- Provide lending, deposit, and cash management services.
- Correspondent banks: Barclays Bank Frankfurt Branch, Bank of China Limited London, Bank of America, and others.
- There are no restrictions on payments and account turnover.
- The bank works with dollar payments and transfers through a partner - Bank of America.
Chouzhou, the bank, opens accounts for companies registered in Hong Kong, Australia, Singapore, the UK, the USA, and some tax-free jurisdictions (BVI, Seychelles, Cayman, etc.). The main reference point is Hong Kong companies and companies with a physical office in China.
Current accounts for business clients and savings accounts for individuals.
An account with a Chouzhou bank can be opened either with a personal visit.
A personal visit of the director, beneficiary and account manager to the bank branch is required. In this case, you must have Chinese phone numbers with you to indicate to the bank as contact numbers.
Please note that according to international standards for opening accounts, each bank is required to adhere to the KYC procedure, so the bank will require documents and data confirming identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse cooperation without giving reasons.
In order to avoid such negative consequences, contact specialized lawyers for preliminary consultation on opening foreign accounts, and we will tell you all the nuances of how to open an account in a Chinese bank - Zhejiang Chouzhou Commercial Bank.