1. Can Foreigners Open a Bank Account in China?
Yes. Whether you’re a student, worker, or businessperson, most major banks allow foreigners to open an account — but requirements may vary by branch and city.
2. Best Banks for Foreigners
- Bank of China
- ICBC (Industrial & Commercial Bank of China)
- China Merchants Bank
- Agricultural Bank of China
- HSBC (for higher-tier expats)
3. What You Need to Bring
- Valid passport with valid Chinese visa
- Residence registration form (from the police station)
- Chinese phone number
- Some branches may ask for a student ID, work permit, or employment contract
4. The Process
- Go to the bank early (before 11 AM is best)
- Take a number and wait your turn
- A staff member will help you fill out forms
- Choose your 6-digit bank card PIN
- You’ll receive a UnionPay debit card immediately
Note: Some branches don’t open accounts for foreigners — just ask to try another nearby branch if needed.
5. Can I Link My Bank Card to WeChat & Alipay?
Yes! Once your account is active:
- Open WeChat > Me > Services > Wallet > Cards > Add Card
- Open Alipay > Me > Bank Cards > Add New Card
Name must match your passport exactly (capital letters recommended).
6. Tips
- Go with a local friend or Chinese speaker if possible
- Avoid peak hours or weekends
- Ask for online banking and mobile banking setup
7. Fees & Limits
- Monthly maintenance fees: Usually free
- ATM withdrawals: Free from same bank, ¥2–¥4 from others
- International transfers: Available, but limited without business registration
Final Thoughts:
Opening a bank account is one of the first steps to getting settled in China. It helps unlock every other convenience — from food delivery to utility payments. Hafrik is here to guide you through it all.
