The Bank of East Asia

Account Services

Renminbi Services

Capture growth opportunities through strategic planning

BEA offers an extensive range of Renminbi (“RMB”) services to help you make the most of every opportunity in Mainland China. In addition to deposit, exchange, and remittance services, you can enjoy the convenience of our extensive branch network that covers virtually every major city on the Mainland, and rely on our expert knowledge of the China market.

Personal Customers
Deposit Services
Customer eligibility All personal customers
Type of deposit services Savings deposits and time deposits
Minimum initial deposit amount CNY100 for savings deposit account
CNY10,000 for time deposit account
Transaction limit Exchange via account: max. CNY20,000 or its equivalent per person per day
Charge for the deposit of bank notes
  1. Free for the first CNY20,000 per customer per day
  2. 0.25% on remaining balance (min. CNY15 per transaction)
Exchange Services
Customer eligibility All personal customers
Currency exchange RMB to MOP or other foreign currencies, and vice versa
Transaction limit Max. CNY20,000 or its equivalent per person per day
Remittance Services
Customer eligibility Macau residents
Requirements for remittance
  1. The remittance must be paid out of an RMB personal account held at BEA.
  2. The beneficiary must have opened an RMB account with a bank on the Mainland.
  3. The remitting party and the beneficiary party must be personal customers.
Transaction limit Max. CNY50,000 per person per day

Corporate Customers
Deposit Services
Customer eligibility Trade settlement enterprises Designated merchants1 and money changers only
Type of deposit services Savings deposits and time deposits
Minimum initial deposit amount CNY100 for savings deposit account
CNY10,000 for time deposit account
Transaction limit Up to the amount of the corresponding cross-border trade settlement transaction No limit
Charge for the deposit of bank notes
  1. Free for the first CNY20,000 per customer per day
  2. 0.25% on remaining balance (min. CNY15 per transaction)
Exchange Services
Customer eligibility Trade settlement enterprises Designated merchants1
Type of services One-stop cross-border RMB trade settlement services Exchange services for RMB received from retail sales
Currency exchange RMB to MOP or other foreign currencies and vice versa RMB to MOP or other foreign currencies only
Transaction limit Up to the amount of the corresponding cross-border trade settlement transaction Monthly exchange amount subject to the approval of BEA Macau Branch
Remittance Services
Customer eligibility Trade settlement enterprises
Requirements for remittance
  1. Trade remittance is available for customers with RMB deposit accounts held at BEA.
  2. The amount of trade remittance paid out should be supported by documents proving it is trade related in nature.
Transaction limit Up to the amount of the corresponding cross-border trade settlement transactions

1  “Designated merchants” refers to commercial establishments in Macau engaging in retail sales, catering, accommodation, transportation services, medical services, telecommunication services, educational services, or conference and exhibition services.

 

Remarks:

  1. Service hours of RMB remittance:
    Monday to Friday: 9:00 a.m. – 1:00 p.m. (except banking holidays in Macau and Mainland China)
  2. For all other charges for RMB services, please refer to the charges scale of BEA Macau Branch.
  3. BEA reserves the sole right to vary or cancel the services and/or amend or alter these terms and conditions at any time without prior notice. In the event of any dispute, the decision of BEA shall be final and conclusive.

Please call our Customer Services Hotline: (853) 2833 5511, or visit any BEA branch/sub-branch in Macau for enquiry or application.