About the product
Personal foreign exchange savings deposit is a savings account opened in the name of an individual to deposit foreign exchange funds. According to the term, it can be divided into current savings deposit and fixed savings deposit. The former refers to a foreign currency savings deposit in which individual residents deposit all their foreign exchange funds in a bank, with no fixed term, and the bank issues a passbook or card as a voucher. Individuals can renew or withdraw money with the passbook or card at any time, and the deposit and withdrawal amount is unlimited. The latter refers to a kind of savings deposit in which the individual deposits his foreign currency into a bank savings institution for a fixed term and lump sum, and the savings institution issues a certificate of deposit as a voucher, and the principal and interest are withdrawn in one lump sum at maturity.
Product features
Opening and deposit amount for foreign currency current deposit account: the least deposit amount for a foreign individual to open an account is USD 20 or equivalent, and the least deposit amount for a local individual to open an account is USD 5 or equivalent.
Opening and deposit amount for foreign currency fixed deposit account: the least deposit amount for a foreign individual to open an account is USD 50 or equivalent, and the least deposit amount for a local individual to open an account is USD 10 or equivalent. The term is divided into five grades: 1 month, 3 months, 6 months, 1 year and 2 years.
Application
Individual customers with foreign exchange saving needs.
Rate
No handling fees.
