RMB Products & Solutions

Deposit Services & Transaction Services
Investment Services
  • Savings Account

    Savings Account

    • Statement and/or passbook account* for your selection.
    • Simple interest1 is credited monthly (for statement savings) or semi-annually (for passbook savings).
    • Deposit and withdrawal of RMB at any of our branches during office hours.
    • 24-hour enquiry on the account balance, interest rate and exchange rate, and fund transfers via Phone Banking Services and Standard Chartered Online Banking2.
    • Minimum account opening balance only RMB1,000.

    *Passbook account refers to RMB My Dream Account which is subject to availability.

    Existing Customer
    Logon to open an account

    Other alternative channels:

    Alternatively, you can visit your nearest branch at your convenience.

    Locate Us
    Current Account

    Current Account³

    • Each Hong Kong Identity Card holder is eligible to open one RMB current account only.
    • RMB Cheques can be:
      • Used in Hong Kong for any payments and
      • Used for payments on consumer spending in Guangdong Province subject to the maximum amount of RMB 80,000 per day.
    • 24-hour enquiry on the account balance and fund transfers via Phone Banking and Standard Chartered Online2.
    Existing Customer
    Logon to open an account

    Other alternative channels:

    Alternatively, you can visit your nearest branch at your convenience.

    Locate Us
    Time Deposit

    Time Deposit

    • A range of deposit tenors for your selection.
    • Minimum account opening balance as low as RMB 10,000.
    Cross-Border Account Opening Document Witnessing and Verification Service*

    Cross-Border Account Opening Document Witnessing and Verification Service*

    • Standard Chartered Bank (Hong Kong) Limited provides signature witnessing and document verification services for account-opening documents of Standard Chartered Bank (China) Limited#.
    • This service is provided to all Priority Banking customers and is available in all Standard Chartered Bank (Hong Kong) Limited’s Hong Kong Branches.

    *Standard Charterd Bank (Hong Kong) Limited only provides customers with signature witnessing and document verification services for account-opening documents of Standard Chartered Bank (China) Limited. This service does not constitute, and should not be construed as constituting, an invitation to members of the public in Hong Kong to (i) make any deposit or (ii) enter into, or offer to enter into, any agreement to make any deposit. Standard Chartered Bank (Hong Kong) Limited is not an agent of Standard Chartered Bank (China) Limited and each application for account opening is subjected to approval by Standard Chartered Bank (China) Limited.

    # Standard Chartered Bank (China) Limited is incorporated in Mainland China and is not an authorized institution within the meaning of the Banking Ordinance of Hong Kong nor carrying on banking business in Hong Kong. Any deposit in Standard Chartered Bank (China) Limited will not be protected by the Hong Kong Deposit Protection Scheme.

    Exchange Services

    Exchange Services

    • 2-way currency exchange between RMB and Hong Kong Dollars (HKD) in cash or by fund transfer between accounts* at any of our branches or via Breeze Mobile Banking, Phone Banking services and Standard Chartered Online Banking.
    Dual Currency ATM Card

    Dual Currency ATM Card

    • Combines RMB and HKD accounts in one card.
    • ATM withdrawal and purchases in Mainland China settled in RMB account, no need to spend extra on RMB foreign exchange; transactions everywhere else settled in HKD account.
    • Widely accepted on UnionPay, Jetco and EPS networks.
    Cashier’s Order

    Cashier’s Order

    • An additional instrument place after Dual Currency Card to satisfy your local RMB payment needs.
    Remittance Service

    Remittance Service⁴

    • Remittance Service enables you to transmit funds to your same name RMB account in Mainland China (subject to the maximum amount of RMB 80,000 per day) or any RMB account in Hong Kong. Same-day remittance service* is available in all branches for outward telegraphic transfer to beneficiary accounts with Standard Chartered Bank (China) Limited or Standard Chartered Bank (Taiwan) Limited.
    • The submission cut-off time for Same-day remittance service for the branch listed below is at 2:00pm (Monday to Friday, excluding public holidays), while the branches not in the list below are subject to a submission cut-off time of 11:00am (Monday to Friday, excluding public holidays).
    Submission Cut-Off Time at 2:00pm
    (Mon. to Fri., excluding public holidays)
    Branches with Same-Day Remittance Service
    Hong Kong Island
    Quarry Bay Branch
    Shop G6, G/F & Shop LG1, LG/F Westlands Gardens, 1027 King's Road, Quarry Bay, Hong Kong
    Telephone:25632151
    Cityplaza Branch
    Shops 42-43, G/F, Cityplaza Phase II, 18 Taikoo Shing Road, Taikoo Shing, Hong Kong
    Telephone:25681153
    Admiralty Branch
    Shop C, UG/F, Far East Finance Centre, 16 Harcourt Road, Admiralty, Hong Kong
    Telephone:25275619
    Des Voeux Road Branch
    Shop G1, G/F & 1/F, Standard Chartered Bank Building, 4-4A Des Voeux Road Central, Central, Hong Kong
    Telephone:28682154
    Exchange Square Branch
    The Forum, Exchange Square, 8 Connaught Place, Central, Hong Kong
    Telephone:29158380
    Queen's Road East Branch
    G/F & 1/F, Pak Fook Building, 208-212 Queen's Road East, Wanchai, Hong Kong
    Telephone:28937131
    Causeway Bay Branch
    G/F to 2/F, Yee Wah Mansion, 38-40A Yee Wo Street, Causeway Bay, Hong Kong
    Telephone:25761226
    Shek Tong Tsui Branch
    Shops 8-12, G/F, Dragonfair Garden, 455-485 Queen's Road West, Shek Tong Tsui, Hong Kong
    Telephone:25172122
    Aberdeen Branch
    Shop 4A, G/F and Shop 1, 1/F, Site 5 Aberdeen Centre, 6-12 Nam Ning Street, Aberdeen, Hong Kong
    Telephone:28140845
    188 Des Voeux Road Branch
    Shop No. 7 on G/F, whole of 1/F - 3/F Golden Centre, 188 Des Voeux Road Central, Hong Kong
    Telephone:25457169
    Times Square Priority Banking Centre
    Whole of Third Floor & Sixth Floor, No. 8 Russell Street, Causeway Bay, Hong Kong
    Telephone:28810393
    Central Branch
    G/F, 1/F, 2/F and 27/F, Two Chinachem Central, 26 Des Voeux Road Central, Hong Kong
    Telephone:28778638
    Wanchai Southorn Branch
    Shop C2, G/F & 1/F to 2/F, Lee Wing Building, 156-162 Hennessy Road, Wanchai, Hong Kong
    Telephone:25276626
    Wan Chai Great Eagle Branch
    Shops 113-120, 1/F, Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong
    Telephone:28276009
    North Point Centre Branch
    Shop G2, G/F, North Point Centre, 278-288 King's Road, North Point, Hong Kong
    Telephone:25718210
    Hennessy Road Branch
    Shop B, Basement & G/F, Eastern Commercial Centre, 393-407 Hennessy Road, Wanchai, Hong Kong
    Telephone:25729206
    Kowloon
    International Banking Centre
    1/F, Golden Crown Court, 66-70 Nathan Road, Tsim Sha Tsui, Kowloon
    Telephone:39283657
    Canton Road Branch
    G/F & 1/F, Manley House, 86-98 Canton Road, Tsim Sha Tsui, Kowloon
    Telephone:27309616
    Telford Gardens Branch
    Shops P9-12, Telford Plaza Podium, Telford Gardens, Kowloon Bay, Kowloon
    Telephone:27505015
    Cheung Sha Wan Branch
    G/F, 828 Cheung Sha Wan Road, Cheung Sha Wan, Kowloon
    Telephone:27444116
    Tsim Sha Tsui East Branch
    Shop 1D, G/F & Shop 100 1/F, New Mandarin Plaza, 14 Science Museum Road, Tsim Sha Tsui East, Kowloon
    Telephone:23113137
    Tsim Sha Tsui Branch
    Shop G30 & B117-23, G/F, Mira Place One, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
    Telephone:27218596
    Kowloon Station Elements Branch
    Shops 1003 -1004, 1/F, Elements, 1 Austin Road West, Kowloon
    Telephone:23758293
    Mongkok Branch
    Shop B, G/F, 1/F & 2/F, 617-623 Nathan Road, Mongkok, Kowloon
    Telephone:27822322
    68 Nathan Road Branch
    Basement, Shop B1 on G/F and M/F, Golden Crown Court, 66-70 Nathan Road, Tsim Sha Tsui, Kowloon
    Telephone:27390777
    Prince Edward Road Branch
    G/F & 1/F, Bijou Apartments, 157 Prince Edward Road West, Prince Edward, Kowloon
    Telephone:23802308
    New Territories
    Shatin New Town Plaza Priority Banking Centre
    Shop No. 222 & 223, 2/F, New Town Plaza Phase 1, Shatin, New Territories
    Telephone:26984223
    Shatin Plaza Branch
    Shops 8, 13-16A, Level 1, Shatin Plaza, 21-27 Shatin Centre Street, Shatin, New Territories
    Telephone:26810982
    Metroplaza Branch
    Shop 473B, Level 4, Metroplaza, 223 Hing Fong Road, Kwai Fong, New Territories
    Telephone:24189123
    Sheung Shui Centre Branch
    Shops 1021-1023, Level 1, Sheung Shui Centre, 3 Chi Cheong Road, Sheung Shui, New Territories
    Telephone:26397670
    Tai Po Branch
    Shops 1 & 2, G/F & 1/F, 21-25 Kwong Fuk Road, Tai Po Market, New Territories
    Telephone:26565186

    *Note

    • Customers are recommended to visit branches 1 hour before cut-off time for applying same-day remittance service to ensure the funds will be credited to the beneficiary account(s) on the same day.
    • Same-day remittance service is applicable to currency in HKD / CNY / USD / EUR.

    FAQs

    • Can I open RMB Passbook Savings Account?

      RMB Passbook Savings Account such as My Dream Account RMB Savings is offered during the promotion period, please stay tuned for our latest promotion.

    • Can I apply for an overdraft facilities for RMB Current Account?

      No overdraft facilities are provided for RMB Current Account and no overdraft is allowed for the RMB Current Account.

    • What is the minimum account opening balance for each of RMB Current / Savings / Time Deposit Account?

      The minimum account opening balance for RMB Current / Savings Account is CNY 1,000 and for Time Deposit Account is CNY 10,000.

    • Why can't I open more than one RMB Current Account?

      According to the requirements of People's Bank of China (PBoC), at present, only 1 RMB Current Account can be opened for each HK ID holder.

    • Can I write "Open Bearer" RMB cheques?

      According to the requirements of the RMB Clearing House in HK, only crossed and order cheques are allowed for RMB Current Accounts.

    • What is the minimum balance for earning interest under a RMB Savings Account?

      Customer has to maintain a minimum balance of CNY200 in RMB Savings Account to earn interest.

    Existing Customer
    Logon to open an account

    Other alternative channels:

    Alternatively, you can visit your nearest branch at your convenience.

    Locate Us
  • RMB FX Trading

    RMB FX Trading

    RMB FX trading may help you to capture the potential capital appreciation from foreign currencies fluctuation and diversify portfolio risk.

    Learn More
    RMB FX Trading

    RMB Premium Deposit

    RMB Premium Deposit can provide a potentially higher interest income and the opportunity to buy/sell RMB at the customer’s pre-agreed strike price.

    Learn More
    Structured Investment Series – Currency/Interest Rate linked

    Structured Investment Series

    Investment return is linked to currency or interest rate performance, offering several investment tenures with capital protection upon maturity.

    Investment Funds

    Investment Funds

    RMB funds include RQFII funds, offshore RMB bond funds and funds denominated in RMB but the underlying investment is not invested into Chinese related asset.

    Learn More
    Bonds

    Bonds

    RMB bonds include PRC Government bonds and corporate bonds.

    Learn More
    Securities Services

    Securities Services

    Dedicated Securities Hotline for Shanghai – Hong Kong Stock Connect Northbound Trading Service and also trading RMB-denominated instruments listed on the Stock Exchange of Hong Kong Limited.

    Learn More
    Life Insurance Plans

    Life Insurance Plans6

    RMB Life Insurance Plans offered on tranche basis from time to time with different tenures.

    Learn More

Terms and Conditions

  1. Simple interest is applicable to RMB Savings Account, and it is applicable only to RMB Savings accounts with a balance of RMB200 or above.

  2. Customers can make RMB conversion through their accounts as long as both accounts for relevant credit and debit transactions are maintained at the Bank under the same name.

  3. To open RMB Current Account, the customer must be a Hong Kong Identity Card holder. RMB Current Account is non-interest bearing and is not linked to any credit facilities. All RMB cheques must be crossed and made payable to a named person’s order. RMB cheques can be used in Hong Kong for any payments and Guangdong Province for the payment of consumer spending and are subject to regulatory requirements applicable from time to time. The Bank reserves all rights under the “Current/Cheque/Savings Account and Time Deposit Account Terms” including returning any RMB cheque if the use of which is considered not in compliance with any rules and regulations governing the use of RMB cheques.

  4. For remittance to/from Mainland China by non-Hong Kong Identity Card holder, approval from relevant Mainland authorities may need to be obtained. Possible consequence such as charges that may be incurred in case the outward remittance is rejected by the RMB Clearing Bank in Hong Kong, the Mainland authorities or Mainland banks. RMB Remittance Service to Mainland China is subject to the current daily limit of RMB80,000 per person per day or the daily limit may be subject to change by the Bank from time to time. Please contact our branch staff for the latest information.

  5. For details of RMB service fees, please refer to the Bank’s Service Charges Booklet.

  6. Whether to apply insurance coverage is your own individual decision. For plan policy provision, details and risk disclosure, please refer to relevant plan’s product leaflet/product brochure and specimen policy.

  7. The Bank shall have the right to amend any of these terms and conditions. In the event of any disputes, the Bank shall have the absolute discretion to make the final decision.

  8. These terms and conditions form part of your banking agreement with the Bank.

  9. For details of other Renminbi service applicable, please contact our branch staff or visit our website www.sc.com/hk.

  10. If there is any inconsistency or conflict between the English and the Chinese versions of these terms and conditions, the English version shall prevail.

Risk Disclosure Statement

  • Renminbi ("RMB") exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the customer subsequently converts RMB to another currency (including Hong Kong dollars); and

  • RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.

  • Risk Disclosure Statement for Premium Deposit: Principal Loss Risk / Currency Risk - This product is not principal-protected and the return of which will be dependent on movements in some specified currency exchange rates which are affected by a wide range of factors and may rise or fall rapidly.  Liquidity Risk / Early Withdrawal Risk / Cancellation Risk - Any cancellation or withdrawal prior to maturity is subject to the consent of the Bank. With these risks, investors may incur significant costs or losses. Risks relating to Renminbi – You should note that the value of Renminbi against other foreign currencies fluctuates and will be affected by, amongst other things, the PRC government’s control (for example, the PRC government regulates conversion between Renminbi and foreign currencies), which may adversely affect your return under this product when you convert Renminbi into your home currency. Renminbi is not a freely convertible currency. Any conversion of Renminbi through banks in Hong Kong may be subject to certain restrictions prevailing at the relevant time.

  • Risk Disclosure Statement (applicable to all investment products): Investment involves risks. The price of investment product may experience upward or downward movements, sometimes fluctuate. The worst case will result in loss of your entire investment. This document has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

  • Risk Disclosure Statement for Structured Investment Series: Structured Investment Series carry risks not normally associated with ordinary bank deposits and are generally not the same as and not a suitable substitute for ordinary savings or time deposits. Investor should not invest in Structured Investment Series unless he/she has sufficient funds or liquidity so as to enable him/her to keep the investment until the maturity date. The principal amount of the investment under Structured Investment Series is protected only if held to the agreed maturity date without being cancelled or withdrawn by the investor. Any such cancellation or withdrawal prior to the maturity date is subject to the consent of the Bank, and may incur costs or losses to the investor which may even result in a negative rate of return. Where investor holds the investment until the maturity date, the interest or yield on the investment may also be affected by movements in the relevant reference value of the underlying asset. The total return on the investment may be zero or significantly less than the return which might be obtained on a normal time deposit in the event of an adverse movement in the relevant reference value of the underlying asset. This product is NOT equivalent to, nor should it be treated as a substitute for, time deposit, and is NOT being protected under the Deposit Protection Scheme in Hong Kong.

  • Risk Disclosure Statement for Debt Securities Services: Bond investments are not bank deposits and are not protected under any deposit protection scheme or by any government or regulatory authority. Bond investments involve risks, including the risk of the possible loss of your principal amount invested and any coupon payable. Credit Risk & Risk of Default by the Issuer/Guarantor - Investor assume the full credit risk of the issuer and the guarantor (where applicable). Should the issuer and/or the guarantor become insolvent or default on its/their obligations (including payment obligations) or fail in any other way, investor may not receive any repayment of your principal amount or any other payments due to you under the terms of the Bond. Currency Risk - Where the bond is denominated in a non-local currency, including the Renminbi (the “RMB”), investor face the risk of exchange rate fluctuations and controls (where applicable) that may (i) affect the applicable exchange rate and result in the receipt of reduced coupon(s), cash settlement amounts and/or a loss of principal when converted back into your local currency and (ii) make it impossible or impracticable for the issuer to pay you in the original settlement currency. Liquidity Risk - There is no guarantee that a liquid secondary market will exist for the bonds.

  • Risk Disclosure Statement for Investment Fund Services: RQFII funds are Renminbi denominated product which involve exchange rate and exchange control risks. In addition, they also include risks from uncertainty in RQFII policy and concentration on single market, and risks related to fixed-income investments such as issuer credit, interest rate, liquidity, invest in unrated and/or below investment grade fixed income and the standard of credit ratings assigned by credit rating agencies is not the same etc. Past performance is not an indication of future performance. Investors should read the terms and conditions contained in the relevant offering documents and in particular the investment policies and the risk factors and latest financial results information carefully and are advised to seek independent professional advice before making any investment decision.

  • Risk Disclosure Statement for Insurance: Whether to apply insurance coverage is your own individual decision. For plan policy provision, details and risk disclosure, please refer to relevant plan’s product leaflet/product brochure and specimen policy.

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