Bank Account in China

Because we had this question already somewhere and this topic is importend to all new China Expats who will have an chinese contract.

1. it is no problem to open a Bank Account in China. For a normal Debit Card you need just you Passport and you can use this Card at every ATM in China. I can use my Vard even back in Germany on the ATM of the Sparkasse. Didn't checkt other banks so far.

2. You can get even a Credit Card in China without any problems. The biggest problem here is that you need to speak chinese, have a friend who speak chinese or go in SH or BJ to one of the big Banks in the Business Districts. For the Credit Card you need also some more papers. I am not sure, but they want to see the Working Contract and the registration from your police office. Correct me if I am wrong in this point.
The Credit Card is an international one and can be used all over the world. Visa and Master Card are both available.

 

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