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Personal Banking > Saving > RMB Savings
RMB-Savings

Current Deposit

A kind of savings in the form of Hua Xia Bank Card (Hua Xia card, Hua Xia Sinobeauty Card, Hua Xia Gold Card, and Hua Xia FX Card) and passbook, without deposit period defined. Cash can be deposited or drawn at anytime without restriction on the amount. Initial minimum is an amount of foreign currency equivalent to RMB 20, no ceiling. Currency options are US Dollar, HK Dollar, Japanese Yen, Euro Dollar or Sterling Pound.

Features: 
1. Easy to deposit/withdraw: Just go to any Hua Xia outlets where such service is available. 
2. Flexible: Once you deposit/transfer FX cash into Hua Xia FX Card, you can trade it through Hua Xia Internet Banking or Customer Service Center (Phone Banking).
3. No tax: No tax will be levied again on interest income if your country has signed agreement with China.

Benefits: 
Interest will be accrued at FX Current Savings rate quoted on the date of settlement.

Applicable Clients: 
Chinese residents, foreigners living in China, as well as foreigners, Hong Kong, Macau and Taiwan compatriots who have stayed in China for more than a year.

Service Channels:
If you choose to use Hua Xia passbook, at Hua Xia outlets you can open or cancel the account, deposit or withdraw cash, transfer, remit, check accounts, report loss in written, change password and exchange foreign currency. Through Internet Banking you can check account and report loss verbally. Through Customer Service Center (Phone Banking) you can check account, change password and report loss verbally. If you choose to use Hua Xia card, at Hua Xia outlets you can open account, check account and draw cash. At Self-Service Banking, Customer Service Center (Phone Banking) or Internet Banking, you can check the accounts in the card.

How to Apply?
1. Open Account: Open the account at Hua Xia outlets with your valid ID and collect Current Savings Passbook or Hua Xia card. No need to produce ID card when renew.
2. Draw Cash: At Hua Xia Bank, present your passbook or Hua Xia card, valid ID card if you draw FX cash under USD 10,000 or equivalent. Original documents must be produced to verify your real identity if you draw FX more than USD 10,000 (inclusive) or equivalent. Coins and changes will be paid in RMB. 
3. Exchange RMB: Change an amount under USD 10,000 or equivalent to RMB at Hua Xia counter directly. Documentations on FX income are required if you exchange an amount between USD 10,000 and USD 50,000 or equivalent to RMB. Approval from the State Administration of Foreign Exchange must be presented if you exchange an amount over USD 50,000 or equivalent to RMB.
4. Remittance: Single remittance under USD 2,000 or equivalent can be applied at Hua Xia outlets,single remittance over USD 2,000 (inclusive) or equivalent needs approval from the State Administration of Foreign Exchange.
5. Close Account: Account can be cancelled anytime. Interest will be repaid with principal when the account is closed.
6. Others: Valid ID must be produced for report of loss, cancel the report of loss, change of password, renewal of passbook/card and withdrawal. If someone applies for you on behalf, ID documents to verify you and your representative are necessary (Cancel the report of loss and change password must be done by yourself).

Tips: 
1. Please keep your savings passbook or bank card in a safe place. If lost your passbook/CD, report to Hua Xia Bank straight away either at Hua Xia counter, Customer Service Center (Phone Banking), or Internet Banking verbally. Report of loss in written can only at Hua Xia outlets, cancel the report of loss must be at the original outlet; report loss of card can be made at customer service center; you can also report loss of card in written or verbally via Internet Banking or at Hua Xia counter. Report of loss in written must be done within 5 days after you have made verbally. Replace passbook/bank card or close the account 7 days later.
2. Set a password as combination of numbers so that it is not easy to be cracked. Keep the password confidential and do not let others know it.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Time Deposit

A kind of savings in the form of Hua Xia bank card (Hua Xia card, Hua Xia Sinobeauty Card, Hua Xia Gold Card) and CD (Certificate of Fixed Deposit) with the deposit term agreed beforehand, where principal is deposited one time, principal and interest are withdrawn in full. Initial minimum is 50 Yuan, no ceiling. Deposit periods can be three months, six months, one year, two years, three years or five years.

Features:
1. Higher interest rate: interest rate of time deposit is higher than that of current savings. The longer the deposit period, the higher will be the interest rate.
2. Secured Return: interest rate is defined during deposit. In case of changes in interest rate during the period, interest is still accrued according to the rate stated on the CD, not by segments. 
3. Liquidity: deposit can be drawn in full or partially before maturity if necessary, or pledged for loan as high as 95% within the credit line stated in the CD. The deposit can also be used to apply performance bond and proof of deposit as well. 
4. Automatic rollover: Hua Xia Bank rollover your deposit automatically when matured, without your worry on the lost of interest in case you are busy to renew or go through the formalities again.

Benefits: 
1. Interest will be accrued at the rate under the deposit period quoted on the date of opening the account.
2. Draw in advance will have interest accrued on the amount withdrawn in advance at current savings rate quoted on the day of withdrawal.
3. Draw after maturity or before the rollover period expired will have interest accrued on the amount exceeding the original period at current savings rate quoted on the day of withdrawal.

Applicable Clients: 
Chinese residents who have a sum of money idled for the time being.

Service Channels:
If you have Hua Xia Certificate of Deposit, at Hua Xia outlets you can open or close the account, deposit or withdraw cash, transfer, remittance, check accounts, report loss verbally or in written, and change password. Through Internet Banking you can check account, report loss verbally. Through Customer Service Center (Phone Banking) you can check account, change password, and report loss verbally. If you choose to use Hua Xia card, at Hua Xia outlets you can open account, check account, schedule transfer (transfer to current savings or in other periods at maturity, same below) and draw cash. At ATM or multimedia devices in the same city of Hua Xia Bank, you can open account, make transfer or check account from master account of current savings in the card. You can open account at deposit machine; Enrolled customers of Internet Banking can open account, make transfer or check master account of currents savings in the card.

How to Apply?
1. Open Account: Open the account at Hua Xia outlets with your valid ID and collect the certificate of deposit or Hua Xia cank card.
2. Draw Cash: Valid ID must be presented for single withdrawal over RMB 50,000. Large withdrawal must be arranged with Hua Xia Bank first by appointment in order to prepare enough cash.
3. Close Account: Interest will be repaid with principal when the account is cancelled.
4. Others: Valid ID must be produced for report of loss, cancel report of loss, change of password, renewal of Card/CD, early withdrawal, and mass withdrawal. If someone applies on behalf of you, ID documents to verify you and your representative are necessary (cancel the report of loss and change password must be done by yourself).

Tips: 
1. Please keep your savings passbook or bank card in a safe place. If your passbook/CD is lost , report to Hua Xia Bank straight away either at Hua Xia counter, Customer Service Center (Phone Banking), or Internet Banking verbally. Report of loss in written can only made at Hua Xia outlets. Cancel the report of loss must be done at the original outlet; report loss of card can be made at Customer Service Center; you can also report loss of card in written or verbally via Internet Banking or at Hua Xia counter. Report of loss in written must be done within 5 days after you have made verbally. Replace passbook/bank card or close the account 7 days later.
2. Set the password as a combination of numbers so that it is not easy to be cracked. Keep the password confidential and do not let others know it.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Time Deposit of Small Savings for Lump-sum Withdrawal

A kind of savings in the form of Hua Xia bank card (Hua Xia card, Hua Xia Sinobeauty Card, Hua Xia Gold Card) and savings passbook with period agreed during deposit, where a fixed sum is deposited every month, single withdrawal principal and interest at maturity. Initial minimum is 5 Yuan, deposit once in every month. Any missing deposit for a month should be made up again in the next month. Deposit periods can be one year, three years or five years.

Features:
1. Save for the future: deposit every month for a lump sum.
2. Higher return: more income than current savings. 
3. Flexible: free your burden whenever you are in need of cash.

Benefits: 
1. Interest will be accrued at the rate quoted for the deposit of same term on the date of opening the account.
2. Any missing deposit for a month has not been made up in the next month is considered as default. Amount deposited after default will have interest accrued at the rate of current savings during withdrawal.

Applicable Clients: 
Chinese residents who have a fixed sum of idle money every month and wish to increase the value in the long-term.

Service Channels:
If you choose to use Hua Xia passbook, at Hua Xia outlets you can open or close the account, deposit or withdraw cash, transfer, remittance, check accounts, report loss verbally or in written, change password. Through Internet Banking you can check account, report loss verbally. Through Customer Service Center (Phone Banking) you can check account, change password, report loss verbally. If you choose to use Hua Xia card, at Hua Xia outlets you can open account, renew, check account, and withdraw cash. At ATM or multimedia devices in the same city of Hua Xia Bank, you can open account, make transfer, renew account or check master account of current savings in the card. You can open or renew account at the deposit machine. Enrolled customers of Internet Banking can open account, make transfer, renew or check master accounts of current savings in the card.

How to Apply?
1. Open Account: Open the account at Hua Xia outlets with your valid ID and collect passbook or Hua Xia bank card.
2. Draw Cash: Only drawn in full in advance, no partial withdrawal. Valid ID must be presented for withdrawal over RMB 50,000 in advance or at maturity. Large withdrawal must be arranged with Hua Xia Bank first by appointment in order to prepare enough cash. 
3. Close Account: Interest will be repaid with principal when the account is cancelled.
4. Others: Valid ID must be produced for report of loss, cancel report of loss, change of password, renewal of card/passbook, early withdrawal, and large withdrawal. If someone applies on behalf of you, ID documents to verify you and your representative are necessary (cancel the report of loss and change password must be done by yourself).

Tips: 
1. Please keep your savings passbook or bank card in a safe place. If your passbook/CD is lost , report to Hua Xia Bank straight away either at Hua Xia counter, Customer Service Center (Phone Banking), or Internet Banking verbally. Report of loss in written can only be made at Hua Xia outlets. Cancel the report of loss must be done at the original outlet; report loss of card can be made at Customer Service center; you can also report loss of card in written or verbally via Internet Banking or at Hua Xia counter. Report of loss in written must be done within 5 days after you have made verbally. Replace passbook/bank card or close the account 7 days later. 
2. Set the password as a combination of numbers so that it is not easy to be cracked. Keep the password confidential and do not let others know it.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Time Deposit of Lump-sum for Small Withdrawal

A kind of savings in the form of Hua Xia bank passbook with frequency and limit agreed for principal withdrawal, where principal is deposited one time, single withdrawal of interests at maturity. Deposit started at RMB 1,000 minimum with withdrawal cycle of one month, three months or six months. Deposit periods can be one year, three years or five years.

Features:
1. Split the amount: provide an income stream in return for an initial considerable deposit, helps you to plan your financials. 
2. Higher Return: savings are drawn in periods, but enjoy higher interest rate than current savings.
3. Flexible: use money wisely through restriction on the withdrawal. For instance, parents can deposit a sum of money for the children studying in other city with the withdrawal amount fixed for each month. Under this arrangement, every month there is no need to pay extra inter-city remittances charges, while children are bound to spend on the drawing amount only . Besides, the deposit accrues more interest than current savings.

Benefits: 
1. Interest is accrued at the rate of time deposit of small savings for lump-sum withdrawal of the same class same term quoted on the date of opening the account. In case of changes in interest rate during the period, interest is still accrued according to the rate quoted on the date of opening the account, not by segments.
2. Early withdrawal will have interest accrued at the rate of current savings quoted on the withdrawal date. 
3. Drawing after maturity will have interest accrued on the amount exceeding the original period at current savings rate quoted on the day of closing the account.

Applicable Clients: 
Chinese residents.

Service Channels:
At Hua Xia outlets you can open or close the account, deposit or withdraw cash, transfer, remittance, check accounts, report loss verbally or in written, and change password. Through Internet Banking you can check account and report loss verbally. Through Customer Service Center (Phone Banking) you can check account, change password and report loss verbally.

How to Apply?
1. Open Account: Open the account at Hua Xia outlets with your valid ID and collect the passbook. No need to produce ID card when renew.
2. Draw Cash: Draw in full or partially in advance, if necessary. Early withdrawal in part can only be in integral multiples of the amount agreed. Corresponding withdrawal periods will be closed. Remaining periods remain unchanged. If no withdrawal is made on the period specified, withdraw in the next month or carry forward to the next period, or draw one time at maturity. Valid ID must be presented for withdrawal over RMB 50,000 in advance or at maturity. Large withdrawal must be arranged with Hua Xia Bank first by appointment in order to prepare enough cash.
3. Close Account: Interest will be repaid with principal when the account is cancelled.
4. Others: Valid ID must be produced for report of loss, cancel report of loss, change of password, renewal of passbook, early withdrawal, and large withdrawal. If someone applies on behalf of you, ID documents to verify you and your representative are necessary.

Tips: 
1. Please keep your savings passbook or bank card in a safe place. If lost, report to Hua Xia Bank straight away either at Hua Xia counter, Customer Service Center (Phone Banking), or Internet Banking verbally. Report of loss in written can only be made at Hua Xia outlets 5 days after you have made verbally. Replace passbook or close the account 7 days after you have made the report of loss in written.
2. Set the password as a combination of numbers so that it is not easy to be cracked. Keep the password confidential and do not let others know it.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Principal-receiving and Interest Withdrawing Time Deposit

A kind of savings in the form of Hua Xia bank card (Hua Xia card, Hua Xia Sinobeauty Card, Hua Xia Gold Card) and savings passbook where principal is deposited one time, principal is withdrawn one time and interest is paid by installment at maturity. Initial minimum is RMB 5,000 yuan, no ceiling. Interest is paid once a month or several months. Deposit periods can be one year, three years or five years.

Features:
1. Stable: No changes to the amount during deposit period, only draw interest at specified period.
2. Flexible yet with return: Principal remains unchanged, interest can be drawn in periods. Flexible to use money yet enjoy higher interest earnings than current savings.

Benefits:
Interest will be accrued at the rate of the deposit of the same term quoted on the date of opening the account.
Frequency and date of drawing the interest must be agreed between you and Hua Xia Bank first. No interest can be drawn in advance, only on the date agreed. Interest not drawn on the specified date can be drawn anytime later, no compound interest however. Interest drawing date follows by month to month, day to day.
Interest drawn every time = (Principal x deposit period x interest rate) ÷ frequency. Full withdrawal in advance will have interest accrued at the rate of current savings quoted on the date of withdrawal minus interest paid.

Applicable Clients: 
Chinese residents who hold a certain sum in a certain period and have enough just to spend on the interest.

Service Channels:
If you choose to use Hua Xia passbook, at Hua Xia outlets you can open or close the account, deposit or withdraw cash, transfer, remittance, check accounts, report loss verbally or in written, and change password. Through Internet Banking you can check account and report loss verbally. Through Customer Service Center (Phone Banking) you can check account, change password, and report loss verbally. If you choose to use Hua Xia card, at Hua Xia outlets you can open account, check account and draw cash. At Self-Service Banking, Customer Service Center (Phone Banking) and Internet Banking, you can check accounts in the card.

How to Apply?
1. Open Account: Open the account at Hua Xia outlets with your valid ID and collect passbook or Hua Xia bank card.
2. Draw Cash: Only early withdrawal of principal in full, no partial withdrawal Valid ID must be presented for withdrawal over RMB 50,000 in advance or at maturity. Large withdrawal must be arranged with Hua Xia Bank first by appointment in order to prepare enough cash.
3. Close Account: Cancel the account or renew, if necessary.
4. Others: Valid ID must be produced for report of loss, cancel report of loss, change of password, renewal of card/passbook, early withdrawal, and mass withdrawal. If someone applies on behalf of you, ID documents to verify you and your representative are necessary.

Tips: 
1. Please keep your savings passbook or bank card in a safe place. If lost, report to Hua Xia Bank straight away either at Hua Xia counter, Customer Service Center (Phone Banking) or Internet Banking verbally. Report of loss in written can only be made at Hua Xia outlets 5 days after you have made verbally. Replace passbook or Hua Xia card or close the account 7 days after you have made the report of loss in written.
2. Set the password as a combination of numbers so that it is not easy to be cracked. Keep the password confidential and do not let others know it.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Consolidated Time-demand Deposit

A kind of savings between current savings and fixed deposit in the form of Hua Xia bank card (Hua Xia card, Hua Xia Sinobeauty Card, Hua Xia Gold Card) and Certificate of Deposit (CD) where deposit period is not specified during deposit, but can be withdrawn anytime. Interest is accrued as term varies. Initial minimum is RMB 50, no ceiling.

Features:
1. Flexible Term: No deposit period, draw anytime.
2. Higher Return: Enjoy more interest earnings than current savings.

Benefits: 
Less than a year of deposit period (inclusive) will have interest accrued at the rate of time deposit of the same class quoted on withdrawal date, discounted at 40%. Less than 3 months of deposit period will have interest accrued on the number of days at current savings rate. Deposit period over 3 months (inclusive) and less than 6 months will have interest accrued on the entire period at the rate of 3-months' time deposit quoted on withdrawal date, discounted at 40%. Deposit period over 6 months (inclusive) and less than a year will have interest accrued on the entire period at the rate of 6-months' time deposit quoted on withdrawal date, discounted at 40%. Deposit period over a year (inclusive) will have interest accrued on the entire period (irrespective of the length) at the rate of 1-year time deposit quoted on withdrawal date, discounted at 40%. Current savings rate will prevail if the rate after discount is less than current savings rate.

Applicable Clients: 
Chinese residents who hold a considerable sum but uncertain in how to use.

Service Channels:
If you choose to use Hua Xia passbook, at Hua Xia outlets you can open or close the account, deposit or withdraw cash, transfer, remittance, check accounts, report loss verbally or in written and change password. Through Internet Banking you can check account and report loss verbally. Through Customer Service Center (Phone Banking) you can check account, change password and report loss verbally. If you choose to use Hua Xia card, at Hua Xia outlets you can open account, check account and withdraw cash. At Self-Service Banking, Customer Service Center (Phone Banking) and Internet Banking, you can check accounts in the card.

How to Apply?
1. Open Account: Open the account at Hua Xia outlets with your valid ID and collect passbook or Hua Xia bank card.
2. Draw Cash: Only early withdrawal in full, no partial withdrawal. Valid ID must be presented for withdrawal over RMB 50,000 in advance or at maturity. Large withdrawal must be arranged with Hua Xia Bank first by appointment in order to prepare enough cash.
3. Close Account: Close the account anytime, if necessary. Interest will be repaid with principal when the account is cancelled.
4. Others: Valid ID must be produced for report of loss, cancel report of loss, change of password, renewal of passbook, early withdrawal and mass withdrawal. If someone applies on behalf of you, ID documents to verify you and your representative are necessary (cancel the report of loss and change password must be done by yourself).

Tips: 
1. Please keep your savings passbook or bank card in a safe place. If lost, report to Hua Xia Bank straight away either at Hua Xia counter, Customer Service Center (Phone Banking) or Internet Banking verbally. Report of loss in written can only be made at Hua Xia outlets 5 days after you have made verbally. Replace passbook or Hua Xia card or close the account 7 days after you have made the report of loss in written.
2. Set the password as a combination of numbers so that it is not easy to be cracked. Keep the password confidential and do not let others know it.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Personal Call Deposit

A kind of savings in the form of certificate of deposit with no period agreed during deposit but notify Hua Xia Bank the withdrawal amount and date. Deposit starts at RMB 50,000, no ceiling. Amount is deposited one time, withdrawal can be one time or in different times at an initial minimum of RMB 50,000. Two kinds of call deposit: 1-day call ceposit (at least 1 day before notifying Hua Xia Bank) and 7-day call deposit (at least 7 days before notifying Hua Xia Bank).

Features:
1. Flexible Term: No limitation on the deposit period, withdraw anytime after notifying the Bank.
2. Convenient: No limitation on the frequency, drawn one-time or in different periods.
3. Higher Return: Enjoy more interest earnings than current savings.

Benefits: 
Interest is accrued at the rate of 1-day or 7-day call deposit quoted on the day of withdrawal.
Interest will be accrued at the rate of current savings in the event of the following: 
①Actual deposit period is shorter than the call period
②Amount drawn without advice;
③Amount already notified but not drawn on the agreed date;
④Amount drawn less/more than agreed;
⑤Amount drawn less than minimum. No interest accrued within call period (1 day or 7 days) if no withdrawal after notification or cancellation before appointed date.
Less than minimum remained after partial withdrawal can only be drawn in all.

Applicable Clients: 
Chinese residents who hold a considerable sum but uncertain in how to use.

Service Channels:
If you have Hua Xia Certificate of Deposit, at Hua Xia outlets you can open or close the account, deposit or withdraw cash, transfer, remittance, check accounts, report loss verbally or in written and change password. Through Internet Banking you can check account and report loss verbally. Through Customer Service Center (Phone Banking) you can check account, change password and report loss verbally.

How to Apply?
1. Open Account: Open the account at Hua Xia outlets with your valid ID and collect the certificate of deposit.
2. Draw Cash: Notify us through Hua Xia outlets or complete the formalities as agreed using your valid ID. 
3. Close Account: Given notification in advance, account can be cancelled anytime. Interest will be repaid with principal when the account is cancelled.
4. Others: Valid ID must be produced for report of loss, cancel report of loss, change of password, early withdrawal and large withdrawal. If someone applies on behalf of you, ID documents to verify you and your representative are necessary (cancel the report of loss and change password must be done by yourself).

Tips: 
1. To protect you from any unnecessary loss, please read carefully the interest calculation under various situations stated in "Benefits".
2. Please keep your certificate of fixed deposit in a safe place. If lost, report to Hua Xia Bank straight away either at Hua Xia outlets, Customer Service Center (Phone Banking) or Internet Banking verbally. Report of loss in written can only be made at Hua Xia outlet 5 days after you have made verbally. Certificate of Fixed Deposit or account can be replaced or cancelled 7 days after you have made the report of loss in written.
3. Set the password as a combination of numbers so that it is not easy to be cracked. Keep the password confidential and do not let others know it.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Education Deposite

A kind of RMB savings served for non-compulsory education in the form of time deposit of small savings for lump-sum withdrawal. Non-compulsory education refers to education other than that of the compulsory 9-year full-time senior high school (vocational school), College and three stages in university education of undergraduate, Master and PhD degree programme. Each applicant can enjoy a tax-free education savings of RMB 20,000 at favorable rate in every stage, altogether three times maximum.

Initial minimum is RMB 50, maximum principal of each savings is RMB 20,000.

Deposit periods can be one year, three years and six years. 

Deposit carried in the form of Hua Xia bank card (Hua Xia Bank, Hua Xia Sinobeauty Card, Hua Xia Gold Card) and savings passbook.

Features:
1. Favorable interest rate: Enjoy the State preferential rate for this kind of savings.
2. Tax-free: During withdrawal (upon maturity or in advance), interest income from education saving is tax-free given student identity can be produced. (written certification issued by State Administration of Taxation for senior high school or above)
3. Save for the future: Help low-income family to save a fixed sum every month for the children's education. Help children from wealthy family to have a habit to save.

Benefits:
Education savings are saved as time deposit of small savings for lump-sum withdrawal with preferential rate. Interest for 1-year and 3-years education savings are accrued at the rate of time deposit of the same class same term quoted on the date of opening the account. Interest for 6-years education savings is accrued at the rate of 5-year time deposit quoted on the date of opening the account.

Early withdrawal in full amount can enjoy tax-free benefits if evidence can be produced on non-compulsory education. Interest will be accrued on actual deposit period at the rate of time deposit of the same class same term quoted on the date of opening the account. (current savings rate apply if less than 3 months of deposit period). Those who cannot produce evidence will have interest accrued on actual deposit period at the rate of current deposit quoted on the date of withdrawal. Further, interest income is taxable.

Withdrawal at maturity will have interest accrued at the rate of education savings of the same class, given certification on student identity for non-compulsory education can be produced. No tax levied on interest income. Those who cannot produce "evidence" or produce unqualified "evidence" will have interest accrued at the rate of time deposit of small savings for lump-sum withdrawal. of the same class same term quoted on the date of opening the account. Tax will be levied on interest income. 

Amount drawn over the original deposit period after maturity will have interest accrued at the rate of current savings quoted on the date of withdrawal. Tax will be levied on interest income after maturity.

You have to deposit a fixed sum every month as agreed. Any missing deposit for a month in between has to be made up in the next month. If not, you are in breach of the contract. Amount deposited after default will have interest accrued at the rate of current savings.

Each savings over RMB20, 000 or with one-time deposit over RMB 20,000 cannot enjoy tax-free. Tax will be levied on the interest income.

Applicable Clients: 
Primary school students at Grade IV (inclusive) or above in China, only students of non-compulsory education can enjoy fee tax on interest income.

Service Channels:
If you choose to use Hua Xia passbook, at Hua Xia outlets you can open or close the account, deposit or withdraw cash, transfer, remittance, check accounts, report loss in written or change password. Through Internet Banking you can check account and report loss verbally. Through Customer Service Center (Phone Banking) you can check account, change password and report loss verbally. If you choose to use Hua Xia card, at Hua Xia outlets you can open account, check account, and withdraw cash. Through Self-Service Banking, Customer Service Center (Phone Banking) or Internet Banking, you can check account in the card.

How to Apply?
1. Open Account: Open the account at Hua Xia outlets with your Resident Registration Booklet or ID card, and collect passbook or Hua Xia card. No need to produce ID card when renew.
2. Draw Cash: At Hua Xia counter with your savings passbook or Hua Xia bank card, your ID card and document verifying you as a student of non-compulsory education. Only allow drawing in advance in full amount, no partial withdrawal. 
3. Close Account: Cancel the account in advance or at maturity at your options. Interest will be repaid with principal when the account is cancelled.
4. Apply for collection in other city if you have moved to other places, but only when the deposit matured. 
5. Others: Valid ID must be produced for report of loss, cancel report of loss, change of password, renewal of passbook/card and withdrawal. If someone applies on behalf of you, ID documents to verify you and your representative are necessary (cancel the report of loss and change password must be done by yourself).

Tips: 
1. To protect you from any unnecessary loss, please read carefully the interest calculation and tax-free benefits under various situations stated in "Benefits".
2. Please keep your savings passbook or bank card in a safe place. If your passbook/CD is lost , report to Hua Xia Bank straight away either at Hua Xia counter, Customer Service Center (Phone Banking), or Internet Banking verbally. Report of loss in written can only be made at Hua Xia outlets. Cancel the report of loss must be done at the original outlet; report loss of card can be made at the Customer Service Center; you can also report loss of card in written or verbally via Internet Banking or at Hua Xia counter. Report of loss in written must be done within 5 days after you have made verbally. Replace passbook/bank card or close the account 7 days later.
3. Set the password as a combination of numbers so that it is not easy to be cracked. Keep the password confidential and do not let others know it.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.