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Personal Banking > Saving > FX Savings
FX-Savings

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 Deposit) with deposit interest as agreed. Initial minimum is an amount of foreign currency equivalent to USD 10000, no ceiling. Currently offered are four types of Agreement Savings in US Dollar, Euro Dollar and HK Dollar with terms of 13 months, 15 months, 18 months and 24 months.

Features:
1. Low entry: Initial minimum is only USD 10,000 or equivalent, far less than USD 3 million required in block deposit.
2. High return: Get far more interest earnings than small FX Time Deposit of the same term same class. When you need to draw before the deposit matured, interest will be accrued at special rate close to the small FX Time Deposit, depending on the actual term.
3. Strong liquidity: Deposit can be drawn in full or partially during the period or pledged for loan as high as 90%. The deposit can also be used to apply proof of deposit as well.
4. Highly secure: Secured income, principal-protected. You can terminate the deposit anytime you like. No uncertainty on the income and reduce exposure to interest rate and exchange rate to some extent.
5. Easy to apply: Just use your valid ID to apply at any Hua Xia outlet where such service is available.

Benefits: 
Interest will be accrued according to the rate quoted for different class of Agreement Savings on the date of deposit. Interest accrued if drawn in advance: early withdrawal of deposit over a month or longer will have interest accrued at the rate close to the floor rate for small FX Time Deposit of the similar term same class quoted on the date of deposit (Ex: 1-month rate will apply if actual period is over a month but less than three months, and so forth). Deposit less than a month will have interest accrued at the rate of small FX Current Savings quoted on the date of withdrawal. Drawing after maturity will have interest accrued on the amount deposited beyond the original Agreement Savings period at the rate of small FX Current Savings quoted on the day of withdrawal.

Applicable Clients: 
Those who have foreign currency in hand but with low risk appetite, such as staff of foreign embassy, experts, overseas students, executives working in foreign enterprises, private owners engaged in overseas trade.

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, remit, check accounts, report loss 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) 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. Complete the formalities for collecting FX draft first before opening the account and collect Certificate of Deposit or Hua Xia bank card afterwards.
2. Draw Cash: You can draw all or partially before your FX Time Deposit matured. Remaining balances must be more than initial minimum after partial withdrawal. With your CD or Hua Xia card, and valid ID card, follow the rules to draw in advance or at maturity: FX TT Account: draw at any Hua Xia Bank directly if the amount is under USD 10,000 or equivalent. Documentations on FX income are required if you draw FX between USD 10,000 (inclusive) and USD 50,000 or equivalent. Approval from the State Administration of Foreign Exchange must be presented if you draw FX cash over USD 50,000 or equivalent. Coins and changes will be paid in RMB. FX Cash Account: draw at any Hua Xia Bank directly if the amount is under USD 10,000 or equivalent. Documents are required to verify your real identity if you draw FX cash equivalent to USD 10,000 (inclusive) or more. 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 change 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 change an amount over USD 50,000 or equivalent to RMB.
4. Remittance: FX TT Account: Single remittance under USD 10,000 can be applied at Hua Xia outlets. Single remittance over USD 10,000 (inclusive) needs approval from the State Administration of Foreign Exchange. Outward remittance for capital expenditure needs approval from the State Administration of Foreign Exchange. FX Cash Account: Single remittance under USD 2,000 can be applied at Hua Xia outlets. Single remittance over USD 2,000 (inclusive) 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 CD/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. No automatic rollover when Agreement Savings matured.
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 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
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.