What is RMB Coins & Changes (small changes/damaged RMB coins & changes)?
This is a service where Hua Xia Bank outlets change RMB banknotes into banknotes of larger or smaller face value or change the damaged RMB banknote, as per yourrequest.
Features:
The service addresses customer's need for RMB banknotes of different face values and need to change damaged RMB coins & changes.
Fees:
As per fee standard of banking association.
Applicable Clients:
Customers who need to change for RMB banknotes of larger or smaller face values or to change the damaged RMB banknotes.
Service Channels:
The cashier counters of Hua Xia Bank outlets.
How to apply?
1. Fills out "Memo of changing Standard/Fractional (Damaged) banknotes" and passes the form and banknote to the cashier.
2. During the change, in case any counterfeit or modified banknote is detected, Hua Xia Bank will confiscate the banknotes as per the regulations of the People's Bank of China. The bank stamps "Counterfeit" on the money and writes "Note of Counterfeit Money Confiscation" before returning the counterfeit and the note of confiscation to the applicant.
Tips:
According to Measures on the change of Damaged Banknotes of Renminbi promulgated by the People's Bank of China:
1. Under one of the following conditions on the damaged Renminbi, the holder may change for full face value at Hua Xia Bank's outlets:
A. Less than one-fifth of the banknote is damaged and the rest of the images and texts can be pieced together into the original pattern.
B. Stain, smoke, soaking, and discoloring of the banknote, but the banknote can be determined as true, the surface of the banknote is complete or the damage is less than one-fifth and the rest of the images and texts can be pieced together into the original pattern.
2. Under one of the following conditions on the damaged Renminbi, the holder may change for half of the face value:
More than one-fifth and less than half of the banknote is damaged and the rest of the images and texts can be pieced together into the original pattern. You can change at the Hua Xia Bank. The damaged banknote can not be used to circulate.
3. Under one of the following conditions on the damaged Renminbi, the banknote cannot be changed:
A. More than half of the banknote is damaged.
B. The banknote cannot be determined if it is true due to stain, smoke, soaking, and discoloring.
C. Deliberate patch and replacing, altering, cropping and clipping, scrabbling, and lifting one side of the currency.
4. The bank will not change for amount less than 1 Fen and will pay 2 Fen for half the value of 5 Fen currency.
5. For the banknote ineligible for change. If the holder does not permit, Hus Xia Bank will not punch holes on the banknotes. Banknotes and coins ineligible for exchange are returned to the original holder.
6. For the changed of damaged banknotes and in the presence of the applicant, Hua Xia bank will stamp texts of "Full Refund" or "Half Refund" on the banknotes.
What is FX Cash Exchange?
This is a service for residents or non-residents in China to exchange from foreign currency to RMB and from foreign currency to foreign currency at Hua Xia Bank upon presentation of personal ID or passport. The currencies under this service are limited to USD, GBP, HKD, EUR, and JPY (available currencies may differ across the regions).
Features:
Exchange from foreign currency to RMB/foreign currency; addressing the need for international and local payment.
Benefits:
According to the current-day forex rate quotes published by Hua Xia Bank.
Applicable Clients:
Customers in needs of exchanging FX cash.
Service Channels:
Hua Xia Bank outlets authorized for foreign currency deposit services.
How to apply?
1. The customer exchanges the foreign currency to RMB or to foreign currency at Hua Xia Bank upon presentation of personal ID or passport.
2. For foreign currency exchanged into RMB, the foreign currency is converted into RMB of equivalent value according to the banknote forex bid rate of the day published by Hua Xia Bank. The bank writes foreign exchange memo (indicating foreign currency – RMB exchange) and delivers cash.
3. For foreign currency exchanged into foreign currency, the foreign currency is converted into RMB of equivalent value according to the banknote forex bid rate of the day published by Hua Xia Bank, and then convert RMB into your intended foreign currency according to the banknote forex ask rate. The small changes arising from conversion into the foreign currency are converted into RMB cash according to the banknote forex bid rate of the day published by Hua Xia Bank. The bank writes foreign exchange memo (indicating foreign currency – RMB exchange) and delivers cash.
4. The customers holding foreign passport shall take proper care of the forex memo, which is used to convert RMB back into foreign currency in one lump sum within 6 months since its issue.
Tips:
1. According to the current regulations of the State Administration of Foreign Exchange, the resident individuals exchange FX cash to RMB shall act in accordance with the Interim Measures on the Administration of Private Use of Foreign Exchange by Domestic Resident Individuals issued by the State Administration of Foreign Exchange.
(1) The customer exchanges at Hua Xia Bank directly for FX cash under USD 10,000 or equivalent.
(2) For FX cash above USD 10,000 (inclusive) and below USD 50,000, Hua Xia Bank shall ask you for document to prove the purpose, record on file before acceptance of your application.
(3) For FX cash above USD 50,000 (inclusive), Hua Xia Bank shall ask you for documents to prove the purpose and approval from the State Administration of Foreign Exchange before acceptance of your application.
2. The aforesaid documents of proof mainly include:
(1) Patent and copyright income: true and valid personal ID, patent or copyright certificate, transfer or licensing agreement, and proof of foreign tax payment.
(2) Author remuneration: true and valid personal ID, published works, and proof of foreign tax payment.
(3) Consulting fee income: truth and valid personal ID, consultancy agreement, and proof of foreign tax payment.
(4) Income from insurance claim: true and valid personal ID, policy, claim statement, and proof of claim.
(5) Profit and dividend: true and valid personal ID, investment agreement or proof of equity, resolution of profit distribution or dividend payment statement, and proof of foreign tax payment.
(6) Interest income: true and valid personal ID, bond or bond registration certificate or deposit interest statement, and proof of foreign tax payment.
(7) Annuity/pension: true and valid personal ID, statement of overseas employment, and proof of foreign tax payment.
(8) Wage/salary: true and valid personal ID, labor contract, and proof of foreign tax payment.
(9) Inheritance of estate dominated in foreign currency: true and valid personal ID, notary deed, and proof of foreign tax payment.
(10) Alimony: true and valid personal ID and statement of family relationship.
(11) Donation dominated in foreign currency: true and valid personal ID and donation agreement.
Definition:
Foreign exchange is Hua Xia Bank's service to exchange foreign currency with RMB for individual customers.
Applicable Clients: domestic residents and overseas non-residents.
Service Flows:
1. Procedures for buying foreign currency:
(1) The customer may buy at any Hua Xia Bank outlet that offer such service. The customer needs to present his/her valid ID card upon application.
(2) Hua Xia Bank authenticates and counts the foreign currency banknote before converting the money into RMB amount according to the banknote bid price quoted on the day. In case the exchange is from one foreign currency to another foreign currency, the conversion is according to the banknote ask price for another foreign currency.
(3) The customer fills out "Foreign Exchange Memo". The bank stamps on the "Exchange Memo" and issues the memo to the customer.
2. Procedures for selling foreign currency:
(1) The domestic resident sells the foreign currency according to the regulations of State Administration of Foreign Exchange on foreign exchange by domestic residents for private purposes.
(2) For non-resident individuals in China wish to remit the legal RMB income overseas and exchange of un-spent RMB back to foreign currency upon border exit, use the valid "Foreign Exchange Memo" within 6 months since the date of memo issuance and exchange all the RMB into foreign currency one time
Personal Exchange Settlement
According to the State regulation, there is a limit on the total foreign currency bought in a year. Individual use ID card can buy up to USD 50,000 (inclusive) or equivalent in a year. If you buy more than USD 50,000 or equivalent, you have to produce your ID card and necessary documents to prove your purpose.
Hua Xia Bank's deposit certification is classified into point-of-time deposit certification and for-period deposit certification. The point-of-time deposit certification refers to certification written by Hua Xia Bank to other parties proving a definite level of fund deposit at Hua Xia Bank by the depositor at a point of time; for-period deposit certification refers to certification written by Hua Xia Bank to other parties proving a definite level of fund deposit at Hua Xia Bank by the depositor during a particular period of time. The deposit certification is not capable for guarantee or pledge functions.
The customer deposits the fund of different currencies into Hua Xia Bank with a bearer name. The deposit may be in home or foreign currency, financial investment fund, and T-bond. Apart from the funds tied in frozen and stop-payment accounts and pledge arrangement or the death of depositor, applicant not yet filed for successor title transfer according to legal requirement are eligible to apply for deposit certification.
Features:
1. Fairly low fee: Each deposit certification is only subject to a nominal fee of RMB 20.
2. Easy and convenient: Issue on the spot.
3. Authoritative: Witten by bank.
Fees:
The service fee is RMB 20 for each deposit certification.
Applicable Clients:
Customers apply for reasons of overseas education, overseas visits, tourism, overseas relocation, and business activities.
Service Channels:
Apply at the original outlet of deposit account.
How to apply?
1. The applicant presents his/her ID card or of the representative and certificate of deposit/passbook/deposit card, fills in "Hua Xia Bank Deposit Certification Application", and applies at the original outlet of deposit account. In case the depositor is overseas and cannot provide the original of valid ID card, the depositor may authorize someone toapply on his/her behalf. However, the representative must present the authorization letter signed by the original depositor, the faxed copy of depositor's passport, original certificate of deposit/passbook/deposit card, and the representative's original personal ID.
2. The customer picks up the deposit certification after the payment of the service fee.
3. In case the customer needs to extend expiration date on the deposit certification, the depositor needs to re-apply. Upon expiration of the deposit certification, the fund is automatically un-locked and can be withdrawn any time. During the valid term of the deposit certification, in case the customer makes early withdrawal of the fund, the customer needs to return all the original copies of deposit certification.
4. You cannot report lost deposit certification; the service fee is not refunded if your deposit certification is lost, you have to apply again.
Tips:
To apply for for-period deposit certification, the customer cannot withdraw the underlying fund before expiration. The Time Deposit may be automatically rolled over upon maturity.
Definition:
This is a service where Hua Xia Bank accepts the customer application and leases the safe-deposit box to the customer according to the regulations and terms agreed. Hua Xia Bank provides space and tools for customers in storing valuable properties, priced securities and documents, deeds, and other properties.
Features: Safe and reliable, strong privacy, varieties of boxes, advanced technology.
1. Safe and reliable: Hua Xia Bank's safe-deposit boxes are administered through computers. Advanced fingerprint and password recognition system that is reliable and convenient. The individuals and companies are assured of safety in the deposited properties.
2. Strong Privacy: Hua Xia Bank provides independent and closed "property inspection room" so that customer may inspect and organize the properties.
3. Varieties of boxes: There are safe-deposit boxes of different sizes and specs ready at Hua Xia Bank to fulfill different needs of the customers.
4. Advanced technology: Hua Xia Bank's safe-deposit boxes adopt the most advanced technologies and are designed by security experts. The boxes are not only sturdy and soundly equipped, but also fireproof, theft-proof, water resistant, and moisture resistant.
Price:
The customer has to pay rental fee and security deposit assessed according to the size of the safe-deposit box and rental period.
Applicable Clients:
1. Natural persons of Chinese or foreigners holding valid ID card in China.
2. The local and foreign companies legally established in China undertaking business activities, economic entities, non-government organizations, and China representative institutions of foreign or international organizations are welcomed to rent Hua Xia Bank safe-deposit boxes.
Sales Channels:
Hua Xia Bank outlets that offer the services.
Service Flows:
1. The applicant presents the valid ID card, fills out application and pays the relevant fees Once completed, a safe-deposit box is ready for use.
2. Customer may open box for deposit or withdrawal any time during banking hours.
3. Upon the expiration of the rental period, in case the customer intends to extend the period,, pays the rental fee for the next period three days before expiration (deadline extended upon holidays).
4. Rental can be terminated before or upon expiration.
Important Information:
1. The customer is advised not to place properties not suitable for storage in the safe-deposit box.
2. The customer is not supposed to store liquid substances, explosive or inflammable objects, and other prohibited, illegal, or hazardous objects in the safe-deposit box.
3. Under one of the following circumstances, Hua Xia Bank has the right to refuse the opening of safe-deposit box:
(1) The valid ID card of the renter or the authorized agent cannot be verified and there are suspicions on other required documents..
(2) The renter disputes and quarrels with its authorized agent on the site.
(3) Failure of due payment of rent or other expenses.
(4) The renter and the authorized agent hold mismatching passwords or different signature/stamp from the specimen.
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