Corporate RMB Deposits provide a variety of flexible RMB deposit methods for your company, including corporate current deposits, corporate time deposits, corporate call deposits, corporate agreement deposits, and other corporate deposits approved by the People's Bank of China.
Corporate Current Deposits
Corporate Current Deposits have no stipulated maturity term and can be transferred, deposited and withdrawn at any time according to the working capital needs of your company.
Corporate Time Deposits
Corporate Time Deposits have an agreed maturity term and interest rate agreed in advance between your company and BEA China. The principal and interest can be withdrawn after the maturity term.
We have a varity of maturity terms for corporate deposits, namely three months, six months, one year, two years, three years, and five years.
Minimum initial deposit: amount RMB 100,000
Corporate Call Deposits
Corporate Call deposits have no stipulated deposit term and callable upon request. It can be withdrawn after notifying BEA China the withdrawal date and amount in advance.
The notification period can be one day or one week.
Minimum initial deposit: amount RMB 500,000
RMB Corporate Agreement Deposits
RMB Corporate Agreement Deposits are based on the mutual agreement between your company and BEA China about the target amount of deposits maintained at a specific settlement account. In the settlement account, any deposits above the stipulated target amount will be transferred into the RMB corporate agreement account to enjoy a preferential interest rate.
RMB Corporate Agreement Deposits could enable your company to enhance deposits yield while ensuring liquidity and flexibility of your company’s cash flow.
Non-Resident RMB Deposits
In accordance with the Pilot Program of RMB Settlement of Cross-Border Trade, a foreign company can open a non-resident account in the Mainland for cross-border RMB trade settlement using the RMB funds from the said deposit account. Through BEA China’s same-day cross-border remittance service, your company can conveniently manage the RMB funds of group companies both in Mainland China and overseas.
