Opening a Bank Account in China as a Foreigner

Having a Chinese bank account is essential for everyday life in China — from using Alipay and WeChat Pay to paying rent or receiving your salary. Here’s how to open one as a foreigner.

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

  1. Go to the bank early (before 11 AM is best)

  2. Take a number and wait your turn

  3. A staff member will help you fill out forms

  4. Choose your 6-digit bank card PIN

  5. 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.


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