Renminbi Services

For Hong Kong Residents¹ and Non-Residents

• Choose between passbook and statement savings accounts
• Preset standing instructions for daily auto buy/sell of RMB
• Manage your finances and buy/sell RMB via internet or phone banking with extensive trading hours²

For Hong Kong Residents¹ and Non-Residents

• Deposit tenors of 1, 2, 3 or 6 months with minimum deposit of RMB20,000
• Pre-set maturity instructions to flexibly manage your finances
• Earn higher returns with favourable interest rates
• Enjoy HKD overdraft and loan facilities up to 95% of your RMB fixed deposit

For Hong Kong Residents¹

• Make cheque payments and transfers in Hong Kong
• Make payments for consumer spending in Guangdong province (including Shenzhen) with a daily payment limit of RMB 80,000 per account

For Non-Residents

• Make cheque payments and transfers via Hong Kong Exchange Services³
• Enjoy low spread and handling fee waiver⁴ on currency exchange transactions
• Make unlimited daily trades between RMB and HKD
• Enjoy HKD-RMB Standing Instruction Service
• Send money via Interbank Transfer/ Remittance Services³

For Hong Kong Residents¹ and Non-Residents

• Perform local interbank transfers, payments in RMB through OCBC Bank branches, Personal eBanking or Business eBanking.

• For Hong Kong Residents
  • Remit RMB to an RMB account held under the same name opened in Mainland China with a daily remittance limit of RMB80,000 per person
• For Non-Hong Kong Residents
  • RMB remittances to Mainland China must comply with the relevant rules and requirements of the Mainland and/or must be approved by the relevant Mainland authorities⁵
  • Cashier Order Services
  • Make local payments in RMB
  • Investment Services

Enjoy a host of professional RMB investment services including:

• Dominated Securities Trading Services
• Bonds / Certificates of Deposits
• Unit Trusts
• Non-Deliverable Forwards (NDF)
• Deliverable Forwards (DF)
• Ratio Forwards
• Variable Structured Forwards
• Insurance Services
• RMB insurance savings plan, which provide life protection and return guarantee while you enjoy the potential for RMB appreciation
• ATM Card Service
• OCBC Bank UnionPay Card⁶ – Shop with ease in Mainland China and withdraw cash in Mainland China and worldwide at ATMs featuring these logos:

You can submit an account opening application to OCBC Bank Limited through the Bank. Using our remittance services, you can remit RMB funds to the account opened with OCBC Bank Limited. You can also access your RMB account by visiting our branch network in Mainland China or by calling our Phone Banking Service.

To borrow or not to borrow? Borrow only if you can repay!