OCBC BANK

Open an account with OCBC BANK (China)

Cost for the private persons from 0

Cost for the legal entities from 8000

Opening Term: 2 weeks

Remotely: no

OCBC Wing Hang Bank (China) Limited (OCBC Bank) is a subsidiary of OCBC Bank, the second largest financial corporation in Southeast Asia. The Oversea-Chinese Banking Corporation Limited (OCBC) is a Singapore financial corporation formed in 1932 as a result of the merger of three banks of the Chinese diaspora in Singapore: Chinese Commercial Bank Limited, Ho Hong Bank Limited and Oversea-Chinese Bank Limited. OCBC is the first Singaporean bank to open a branch in China. 

OCBC Wing Hang China offers a wide range of financial services, from corporate banking and financial institution services to global treasury and consumer financial services. 

OSBC Bank opens accounts for offshore companies without nominee services (Marshall Islands, Cayman Islands, British Virgin Islands, Seychelles, etc.). OSVS Bank also opens accounts for British LP and LLP companies.

To open a corporate account with OSBC Bank in China, you must provide the bank with a correspondence address in China and 2 Chinese phone numbers. For more information on the possibility of providing such services, please contact Maira Consult.

OCBC Bank adheres to the principle of ‘know your client’ and in each case reserves the right to request additional documents, which will lead to an increase in the time for opening an account, and may also refuse to open an account without giving any reason.

OCBC BANK advantages

1

Work with USD, EUR, GBP and CNY currencies

2

Fast transfers in CNY currency

3

Possibility to open an account for LLP

4

Corporate accounts for offshore companies

General Information

Types of accounts

Multi-currency corporate accounts.

Personal visit

After opening an account with OCBC, the director of the company needs to visit Shenzhen within 2 months to complete the identification process.

Service rates

Fee for reviewing documents and opening an account - USD 150. Corporate account maintenance - USD 50 per month. If the account balance exceeds USD 5 000 account maintenance is free of charge.

Useful information

www.ocbc.com

Stages of account opening

01

Preparation of documents

To open an account with OCBC Bank You fill out our questionnaire and provide us with full information about your activities and counterparties. Along with the application form, you must provide corporate documents of the company and personal identification documents of the director and each beneficiary of the company.

02

Analysis of documents

Our specialists analyze the information and documents provided, fill out the OCBC Bank forms.

03

Submission of documents

We send the ready-made package of documents for opening an account with OCBC Bank to the manager for review. In turn, the manager sends the original forms to the company director in any country for signature.

04

Passing verification

The company director and beneficiaries are verified online. An online meeting with the bank manager is held in English. After the online meeting, the signed forms and original corporate documents must be sent to the bank's branch in China.

05

Compliance Check

At this stage, OCBC Bank verifies the client and may request additional information about the activities and source of funds.

06

Account opening

After receiving the original documents from the bank, a corporate account with OCBC Bank is opened within 5-10 business days and the bank issues a token. In addition to the token, 2 Chinese SIM cards are required to manage the account.

Answers to the Most Common Questions:

To open an account in a foreign bank or payment system, please contact the specialists of Maira Consult, who have many years of experience working with foreign banks and payment systems.
The standard term for opening an account in a foreign bank is 2-4 weeks, if all the necessary documents were provided to the bank and identification was completed. Opening an account in the payment system can be done in 2 weeks.
Please contact Maira Consult for a free consultation, to learn more about the requirements of opening an account in a foreign bank or payment system.

Our Contacts

Client Relations Department

+380 73 427-66-30

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Messengers

Social Networks

International Law Company Maira Consult