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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, Hua Xia FX Card) and passbook, where FX deposit are either remittances from overseas (HK, Macau, Taiwan or other countries) or FX drafts in-hand brought into China. Initial minimum is an amount of foreign currency equivalent to RMB 20. Currency options are US Dollar, HK Dollar, Japanese Yen, Euro Dollar or Sterling Pound. No deposit period specified.

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 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. 
4. Easy to remit: No need to use FX cash to buy draft or change into remit.

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 Tai Wan 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, exchange foreign currency and collect FX draft. 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 savings passbook and Hua Xia card afterwards.
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. Documentations on FX income are required if you draw FX between USD 10,000 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. 
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: 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.
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 some 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 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 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.