Account Type and Features

Standard Chartered offers a wide range of RMB and foreign currency accounts designed to suit your needs:

RMB Basic Account

The RMB Basic Account enables companies to conduct settlements and make cash transfers simply and easily. Enterprises can open only one RMB basic account.

Main features:

  • Make transfers and settlements
  • Manage your daily operational banking needs
  • Pay employee wages and bonuses
  • Withdraw funds
RMB General Account

Companies use the RMB General Account to conduct non-cash settlements, and can open more than one account depending on actual business needs.

Main features:

  • Borrowing redeposits
  • Receive funds and payments
  • Make cash payments
  • No cash withdrawals are allowed

The RMB General Account is available for most Standard Chartered products including CASA Deposit, Fixed Deposit, Call Deposit and Trade Finance.

RMB Temporary Account

The RMB Temporary Account is designed to cater to temporary needs and must be used within a specified time period.

Main features:

  • Fund collection and payments due to temporary business operations
  • Transfers and settlements due to temporary business operations
  • Cash withdrawals in line with national cash management regulations, such as the agent capital injection and verification
RMB Special Account

Our RMB Special Account allows you to manage and use funds for a particular purpose in accordance with the laws, administrative regulations and rules.

Main features:

  • Extra budgetary funds, securities transactions settlement funds, capital construction funds, renovation fund, social security funds and other funds and payments requiring specified account management
  • Cash withdrawal in accordance with the RMB bank settlement account management approach and state regulations
FCY Settlement Account

The Foreign Currency Settlement Account allows companies to manage foreign currency income and expenditure through a current account.

Main features:

  • Foreign exchange revenue and spending under current account
  • Foreign exchange revenue and spending under other accounts approved by SAFE
  • Foreign exchange settlements of foreign trade
FCY EFV Account

The Foreign Currency EFV Account enables you to handle the verification of export proceeds.

Main features:

  • Verification of export proceeds
  • Expenditure once the account is verified by bank network including foreign exchange settlements
FCY Capital Account

Our Foreign Currency Capital Account enables you to handle foreign exchange capital.

Main features:

  • Foreign exchange capital injection and increase
  • Expenditure under current account within current range
  • Expenditure under capital account subject to approval by SAFE
FCY Local Loan Account

The Foreign Currency Local Loan Account allows you to apply for domestic foreign currency loans.

Main features:

  • Revenue and repayment of loans
  • Depositor repayment
  • Expenditure under current account
  • Approved expenditure under capital account

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